#CEXvsDEX101
In Binance,
CEXvsDEX101
is an educational guide that explains the difference between the two types of platforms:
1. CEX (Centralized Exchange): like Binance. A centralized platform controlled by a company, offering high liquidity, fast execution, technical support, but requires identity verification (KYC) and stores users' funds.
2. DEX (Decentralized Exchange): like Uniswap. A decentralized platform that operates through smart contracts, does not require an intermediary or identity verification, and keeps the user in control of their funds, but it has lower liquidity and can be complex for beginners.
CEXvsDEX101 aims to educate users on the advantages and disadvantages of each type, so they can choose the one that best suits their security, privacy, and experience.