WHAT'S THE DIFFERENCE BETWEEN CEX & DEX CRYPTO EXCHANGES?

The main difference between (CEX) Centralised and (DEX) Decentralised Cryptocurrency Exchanges lies in how they operate, who controls them and how Users interact with them. Below is the breakdown: A CENTRALISED CRYPTOCURRENCY EXCHANGE (CEX) is operated and managed by a Centralised Company or Organisation which acts as an intermediary for transactions. A User will deposit funds into the Exchange and the Exchange holds the funds in its wallets. The Exchange maintains control over Users' private keys. This type of Exchange has very high liquidity due to huge trading volumes and Institutional backing. It's much easier for a User to buy or sell assets fast. They've User-friendly interfaces, which is good for learners. CENTRALISED EXCHANGES are attractive targets for hackers for they hold huge amounts of Users' funds. Security depends upon measures taken by the Exchange. CENTRALISED EXCHANGES are: Coinbase, Binance and Kraken. A DECENTRALISED CRYPTOCURRENCY EXCHANGE (DEX) is operated on a Blockchain or Peer 2 Peer (P 2 P) network without a Central Authority. Transactions occur directly between a User via Smart Contracts. A User maintains full control over his funds and private keys. It has a lower liquidity as compared to CEX. It's slow in transactions or higher slippage. Could be less intuitive for learners due to technical complexities. It's more secure because of lack of central point of failure and Users are responsible for the security of their Wallets. DECENTRALISED EXCHANGES are: PancakeSwap, Uniswap and SushiSwap. DEX support a wider range of Tokens, including newly launched or Niche Cryptocurrencies. There's no central approval for listing Tokens, but this's risky due to scammers. There's no recourse when private keys are lost or in an event of error in a transaction. They're no regulations due to no Central Authority.