The biggest difference between a Centralized Exchange (CEX) and a Decentralized Exchange (DEX) isn’t the interface. It’s who is actually in control of your crypto. If you buy, sell, or trade crypto, you’re probably using an exchange to do it. But not all exchanges work the same way. Some are centralized and operated by companies. Others are decentralized and powered by smart contracts. That difference affects how your trades are processed, who holds your funds, how much personal information you provide, and who is responsible for your assets. So, what exactly separates a Centralized Exchange (CEX) from a Decentralized Exchange (DEX)? Let’s put them side by side and break down the differences that matter most 👇
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