$XRP $BNB #CEXvsDEX101

Centralized Exchanges (CEX) like Binance offer user-friendly interfaces, high liquidity, and fast transactions, making them ideal for both beginners and advanced traders. They act as intermediaries, managing order books, custody, and security. In contrast, Decentralized Exchanges (DEX) operate without intermediaries, allowing peer-to-peer trading through smart contracts. While DEXs offer more privacy and control, they often lack the speed, liquidity, and customer support found on CEX platforms. Binance bridges both worlds by supporting CEX trading and offering access to DEX-like services through Binance Smart Chain. The choice depends on your trading goals—convenience and support vs. full control and decentralization.