#CEXvsDEX101

The difference between centralized platforms (CEX) and decentralized platforms (DEX) is fundamental in the world of cryptocurrencies. Centralized platforms offer great liquidity and an easy user experience, but they require trust in a third party and can be vulnerable to hacks. In contrast, decentralized platforms offer privacy and full control over your wallet, but suffer from lower liquidity and sometimes high gas fees. It is preferable to use CEX for quick transactions and daily trading, and DEX for asset preservation or trading rare tokens. The balance between the two depends on the type of investment and the level of expertise. Share your opinion on #CEXvsDEX101 and earn Binance points!