#CEXvsDEX101 $DYDX {spot}(DYDXUSDT) *CEX vs DEX 101 🤔* *Centralized Exchanges (CEX) 🏦* - *Faster Transactions ⚡️*: Higher transaction speeds - *User-Friendly Interface 📊*: Easy to navigate - *Customer Support 🤝*: Dedicated support teams *Decentralized Exchanges (DEX) 🌐* - *Security 🔒*: Users control funds, reducing risk - *Privacy 🔒*: No KYC required - *Decentralized Governance 🤝*: Community-driven decision-making *Key Differences ⚖️* - *Control 🕊️*: CEX holds user funds, DEX does not - *Regulation 📜*: CEX must comply with regulations, DEX may not *Choose CEX for ease of use, or DEX for security and privacy 🤔*