#CEXvsDEX101 : What should a beginner trader choose?
In the world of cryptocurrencies, there are two main types of exchanges: CEX (centralized exchanges) and DEX (decentralized exchanges). Both options have their advantages and disadvantages. Let's take the example of the most popular CEX — Binance.
📌 CEX (Centralized Exchange) — example: Binance
✅ Pros:
• Simple interface and quick registration
• High liquidity and fast order execution
• Customer support, additional services (futures, staking, Launchpad)
• Ability to buy crypto with fiat
❌ Cons:
• The exchange controls your funds (not your keys — not your crypto)
• Possible restrictions and account suspensions$XRP
• Centralized platforms are subject to regulations