#CEXvsDEX101 we can say that it talks about a comparison between centralized exchanges (CEX) and decentralized exchanges (DEX). CEX, such as Binance, offer greater liquidity, ease of use, and customer support, making them ideal for beginners. Additionally, they often have a simple interface and a variety of services, such as leveraged trading and fiat currency deposit options. However, CEX also have disadvantages, such as the need to trust a central entity, which can pose security risks and potential regulatory restrictions.
On the other hand, DEX offer greater control over your funds, as they do not require a central entity and allow direct transactions between users. They are more transparent and resistant to censorship. However, their use may be more complex, with lower liquidity and longer transaction times. Therefore, CEXvsDEX on Binance presents advantages and disadvantages that each user must evaluate according to their needs and knowledge in the crypto world.