#CEXvsDEX101 Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) are two popular types of cryptocurrency trading platforms. CEXs are managed by a central authority, offering high liquidity, fast transactions, and user-friendly interfaces. However, they require users to trust the platform with their funds, making them vulnerable to hacks and regulatory control. On the other hand, DEXs operate without intermediaries, allowing users to trade directly from their wallets. This provides greater privacy and security but often comes with lower liquidity and slower transactions. Choosing between CEX and DEX depends on your priorities: convenience and speed or security and control.