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#CEXvsDEX101 Crypto exchanges are generally divided into two main types — Centralized Exchanges (CEX) and Decentralized Exchanges (DEX). CEXs like Binance or Coinbase are managed by a central authority and usually require user verification and follow strict security protocols. They are user-friendly and typically offer high liquidity. On the other hand, DEXs are fully decentralized platforms where users trade directly from their wallets, without any intermediaries. DEXs provide greater privacy and users retain full control over their funds. However, they may be more complex and less intuitive for beginners. Understanding the difference between CEX and DEX is crucial for making informed trading decisions

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