Let’s break it down! What’s the difference between a Centralized Exchange (CEX) like Binance and a Decentralized Exchange (DEX)?
🌐 CEX (Binance):
User-friendly interface and high liquidity.
Fast transactions with customer support.
Advanced features like margin trading and futures.
Security provided by the platform, but you trust the exchange to hold your funds.
🔗 DEX:
Trade directly from your wallet – no middleman.
Your keys, your crypto – enhanced privacy and security.
Lower liquidity and sometimes higher slippage.
Smart contract-based, but you handle your own risks.
Whether you value convenience or self-sovereignty, understanding both can empower your crypto journey. Explore, learn, and decide what works best for you with Binance! 🚀