For the second topic in our Crypto Trading$BTC Fundamentals Deep Dive, let’s talk about #CEXvsDEX101.
Choosing between a centralized exchange (CEX) and a decentralized exchange (DEX) is a big decision for any crypto trader. Both have their pros and cons when it comes to things like security, ease of use, liquidity, and how much control you have over your funds.
Personally, I think it’s super important to understand when to use which — it can make a big difference in managing your risks.
💬 I’d love to hear your take:
– What’s been your experience with CEXs vs DEXs?
– Which one do you prefer, and in what situations?
– What do you usually consider before picking one over the other?
– And if someone’s using a DEX for the first time, what tips would you give?
👉 Post with #CEXvsDEX101 and share your insights — you’ll earn Binance points too! Just hit the “+” on the App homepage and go to the Task Center.
