What do CEX and DEX mean?
Cryptocurrency exchanges are divided into centralized exchanges (CEX) and decentralized exchanges (DEX). The main differences are centralization or not, custody rights, supervision, user interface, transaction speed and cost. CEX is controlled by a central entity, and users deposit cryptocurrencies into it, with strict supervision; DEX runs on the blockchain, and users trade directly between wallets, with less supervision.
CEX vs. DEX: Types of Cryptocurrency Exchanges
Cryptocurrency exchanges are where users buy and sell cryptocurrencies platform. Based on their operating models, exchanges can be divided into centralized exchanges (CEX) and decentralized exchanges (DEX).
Centralized Exchanges (CEX)
- are managed and operated by a central entity.
- Users deposit cryptocurrencies into the exchange for safekeeping.
- Provides user-friendly interface and fast transaction speed.
- Supervision is strict and requires compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations.
- Examples: Binance, Coinbase, Kraken
Decentralized Exchanges (DEX)
- In Blockchain It operates on the Internet and has no central management entity.
- Users maintain custody of their cryptocurrencies and trade directly between wallets.
- Usually provide anonymous transactions with less supervision.
- Transaction speeds may be slower and transaction fees may be higher.
- Examples: Uniswap, PancakeSwap, SushiSwap
##Main differences
- Centralization vs. Decentralization: CEX is controlled by a central entity, while DEX runs on the blockchain with no single point of failure.
- Custody: In CEX, the exchange holds user cryptocurrencies; in DEX, users retain their cryptocurrencies.
- Regulation: CEXs are generally more tightly regulated, while DEXs are less regulated.
- User Interface: CEX usually provides an interface that is easy for users to use, while the interface of DEX may be more complex.
- Transaction Speed and Cost: CEX generally offer faster transaction speeds and lower transaction fees, while DEXs may have slower transaction speeds and higher transaction fees.
In summary, CEX and DEX are different types of cryptocurrency exchanges, each with its own pros and cons. CEX offers convenience and security, while DEX offers decentralization and anonymity. Which exchange to choose depends on the user's specific needs and preferences.
The above is the detailed content of What do CEX and DEX mean?. For more information, please follow other related articles on the PHP Chinese website!

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

AI Hentai Generator
Generate AI Hentai for free.

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

SublimeText3 Chinese version
Chinese version, very easy to use

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

Hot Topics

This article provides a detailed Gate.io registration tutorial, covering every step from accessing the official website to completing registration, including filling in registration information, verifying, reading user agreements, etc. The article also emphasizes security measures after successful registration, such as setting up secondary verification and completing real-name authentication, and gives tips from beginners to help users safely start their digital asset trading journey.

OKX is a global digital asset trading platform. Its main functions include: 1. Buying and selling digital assets (spot trading), 2. Trading between digital assets, 3. Providing market conditions and data, 4. Providing diversified trading products (such as derivatives), 5. Providing asset value-added services, 6. Convenient asset management.

1. Enter the web version of okx Euyi Exchange ☜☜☜☜☜☜ Click to save 2. Click the link of okx Euyi Exchange app ☜☜☜☜ Click to save 3. After entering the official website, the clear interface provides a login and registration portal. Users can choose to log in to an existing account or register a new account according to their own situation. Whether it is viewing real-time market conditions, conducting transactions, or managing assets, the OKX web version provides a simple and smooth operating experience, suitable for beginners and veterans. Visit OKX official website now for easy experience

This article recommends ten well-known virtual currency-related APP recommendation websites, including Binance Academy, OKX Learn, CoinGecko, CryptoSlate, CoinDesk, Investopedia, CoinMarketCap, Huobi University, Coinbase Learn and CryptoCompare. These websites not only provide information such as virtual currency market data, price trend analysis, etc., but also provide rich learning resources, including basic blockchain knowledge, trading strategies, and tutorials and reviews of various trading platform APPs, helping users better understand and make use of them

This article provides newbies with detailed Gate.io registration tutorials, guiding them to gradually complete the registration process, including accessing the official website, filling in information, identity verification, etc., and emphasizes the security settings after registration. In addition, the article also mentioned other exchanges such as Binance, Ouyi and Sesame Open Door. It is recommended that novices choose the right platform according to their own needs, and remind readers that digital asset investment is risky and should invest rationally.

Digital currency rolling positions is an investment strategy that uses lending to amplify trading leverage to increase returns. This article explains the digital currency rolling process in detail, including key steps such as selecting trading platforms that support rolling (such as Binance, OKEx, gate.io, Huobi, Bybit, etc.), opening a leverage account, setting a leverage multiple, borrowing funds for trading, and real-time monitoring of the market and adjusting positions or adding margin to avoid liquidation. However, rolling position trading is extremely risky, and investors need to operate with caution and formulate complete risk management strategies. To learn more about digital currency rolling tips, please continue reading.

This article provides a detailed Gate.io web version latest registration tutorial to help users easily get started with digital asset trading. The tutorial covers every step from accessing the official website to completing registration, and emphasizes security settings after registration. The article also briefly introduces other trading platforms such as Binance, Ouyi and Sesame Open Door. It is recommended that users choose the right platform according to their own needs and pay attention to investment risks.

This article details how to use the official web version of OK exchange to log in. Users only need to search for "OK Exchange Official Web Version" in their browser, click the login button in the upper right corner after entering the official website, and enter the user name and password to log in. Registered users can easily manage assets, conduct transactions, deposit and withdraw funds, etc. The official website interface is simple and easy to use, and provides complete customer service support to ensure that users have a smooth digital asset trading experience. What are you waiting for? Visit the official website of OK Exchange now to start your digital asset journey!