๐ #CEXvsDEX101
The crypto world offers two major ways to trade: Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs). CEXs like Binance offe user-friendly interfaces, high liquidity, and advanced features like margin trading. However, they require users to trust the platform with custody of their assets. On the other hand, DEXs operate without intermediaries, enabling peer-to-peer trading directly from your wallet. This gives users full control over their funds, increasing security and privacy. However, DEXs may lack liquidity or advanced features. Your choice between a CEX and DEX depends on your experience level, goals, and how much control you want over your assets.
