#CEXvsDEX101
When trading ETH/BTC, choosing between centralized exchanges (CEX) and decentralized exchanges (DEX) is crucial. CEX platforms like Binance offer user-friendly interfaces, high liquidity, and customer support, making them ideal for beginners. However, they require users to trust a third party with their funds, posing security risks. DEX platforms, built on blockchain, provide greater control and privacy, allowing direct peer-to-peer ETH/BTC trades without intermediaries. Yet, they often have lower liquidity and a steeper learning curve. The choice depends on your priorities—convenience and speed favor CEX, while security and autonomy lean toward DEX. Research both before deciding.
