CEX vs. DEX refers to the comparison between Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs). Centralized exchanges are managed by a single authority, offering high liquidity and ease of use, while decentralized exchanges operate without intermediaries, providing enhanced security and control over funds.
Each type of exchange has its advantages and disadvantages, with CEXs generally offering better customer support and faster transactions, and DEXs promoting privacy and decentralization.
Understanding these differences is crucial for traders and investors to choose the platform that best meets their needs.
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