#CEXvsDEX101
"CEX" (Centralized Exchange) and "DEX" (Decentralized Exchange) are platforms for trading cryptocurrencies. Here’s a breakdown of their pros and cons:
Sure! Here's a short and precise comparison:

🌟#CEX (Centralized Exchange)

💥#Pros:

Easy to use

High liquidity

Fast transactions

Supports fiat

⚡#Cons:

Custody risk

Hackable

Requires KYC

Can freeze accounts

🌟#DEX (Decentralized Exchange)

💥#PROS:

User controls funds

More privacy

Open access

No KYC

⚡#Cons:

Lower liquidity

Slower trades

Complex for beginners

Smart contract risks