#CEXvsDEX101

🔍 #CEXvsDEX101 | Learn about the difference between trading on centralized and decentralized platforms 💡

In the crypto world, there are two main ways to trade digital assets:

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🏢 Centralized Platforms (CEX)

✔️ Simplified user experience

✔️ Fast execution of trades

✔️ Advanced tools for analysis and trading

⚠️ Requires account creation and identity verification (KYC)

⚠️ Assets are managed through the platform's infrastructure

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🌐 Decentralized Platforms (DEX)

✔️ Trade directly from your wallet

✔️ No need to create an account

✔️ Higher privacy for the user

⚠️ Requires a good understanding of how wallets and smart contracts work

⚠️ Liquidity and speed may vary depending on the protocol

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🔑 Remember: Your choice depends on your level of experience, your trading goals, and how much you rely on security and support tools.