#CEXvsDEX101 The eternal question in the crypto world!: Centralized exchanges (CEX) are easy to use, have high liquidity, and are the entry point for many. Their regulation can provide security.

However, you do not control your private keys, leaving your funds vulnerable to hacks or confiscations.

Decentralized exchanges (DEX) give you full control of your assets, operating directly between users with smart contracts.

This eliminates risks of a single point of failure and offers greater privacy. But they tend to be less intuitive, with lower liquidity and can have high gas fees.

Your choice depends on your priorities. If you seek ease and liquidity, a CEX may be your initial option. If you value security, privacy, and control, a DEX is the way. Many combine both.