#CEXvsDEX101 CEX (Centralized Exchange) and DEX (Decentralized Exchange) are two types of cryptocurrency trading platforms. Here's a comparison [1][2]:

- *CEX*:

- Centralized authority controlling transactions

- Higher liquidity and faster transaction times

- Examples: Binance, Coinbase

- Pros: user-friendly, high liquidity

- Cons: security risks, regulatory concerns

- *DEX*:

- Decentralized, peer-to-peer transactions

- Greater security and transparency

- Examples: Uniswap, SushiSwap

- Pros: secure, transparent, decentralized

- Cons: lower liquidity, complex user interface

- *Key differences*: Centralization, security, liquidity, and user experience