Centralized Exchanges (CEX) are managed by a central authority, offering fast transactions, high liquidity, and user-friendly interfaces. However, they require users to trust the platform with their funds and personal data.
In contrast, Decentralized Exchanges (DEX) operate without intermediaries, enabling peer-to-peer trading and giving users full control over their assets. While DEXs offer greater privacy and security, they often have lower liquidity and can be harder for beginners to use.
Ultimately, CEXs suit those seeking convenience and speed, while DEXs are ideal for users who prioritize decentralization and control. Each serves different needs in the crypto ecosystem.