DeFi uses blockchain and smart contracts to handle transactions without middlemen, while CeFi relies on traditional banks and centralized platforms to process financial services.
DeFi uses on cryptography and Decentralized consensus for security, Reducing fraud risks, while CeFi is vulnerable to data breaches and hacking.
DeFi offers transparency with public blockchain records, while CeFi may limit transparency by withholding transaction details.
DeFi is Resistant to censorship due to Decentralized networks while CeFi is Subject to censorship by Centralized authorities.