#CEXvsDEX101

#CEXvsDEX101: Know the Difference

In crypto trading, it’s important to understand the difference between Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs).

CEXs like Binance are run by companies. They are easy to use, have high trading speed, and offer customer support. But they also hold your funds, which means you trust them to keep your money safe.

DEXs like Uniswap don’t use a company or middleman. You trade directly with others through smart contracts. You keep control of your wallet and money. But DEXs can be harder to use and don’t offer customer help.

Main Points:

CEX = easy to use, company-controlled.

DEX = more freedom, user-controlled.

Binance Square is a great place to learn more, join discussions, and stay updated. Use #CEXvsDEX101 to share your thoughts and learn from others in the crypto world!