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How do decentralized exchanges (DEXs) differ from traditional centralized exchanges, and what are some advantages of using DEXs and advantages of using CEXs?
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Difference between DEX a CEX
- Thread starter deucher
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Decentralized exchanges or DEXs are the crypto exchange platform without any central authority, it is completely community owned. Centralized Exchanges or CEXs are exchanges that are owned by individuals or companies. The major problem with CEX is if they decide to shut down operations or if they go bankrupt, your funds might be lost. The major problem with DEX is if you get locked out of the platform there is no one to assist you.