#CEXvsDEX101

*#CEXvsDEX101*

In the crypto space, exchanges come in two primary forms: Centralized Exchanges (CEX) and Decentralized Exchanges (DEX). *CEX* platforms, like Binance, are controlled by a central authority, offering user-friendly interfaces, high liquidity, and fast transactions. However, they require trust in the intermediary and may pose security risks. *DEX* platforms, on the other hand, operate on blockchain technology, enabling peer-to-peer transactions without intermediaries. They prioritize security, transparency, and user control, but often face challenges with liquidity and complexity. Understanding the differences between CEX and DEX is crucial for navigating the crypto market effectively.