#TrumpVsMusk Centralized Platform: A third-party platform manages transactions, holds users' funds, and facilitates trading.
- Examples: Binance( both Dex and Cex), Coinbase, Kraken
-Pros: User-friendly interface, high liquidity, advanced trading features
-Cons: Security risks, dependence on the exchange's infrastructure, potential for censorship
DEX (Decentralized Exchange)
-Decentralized Platform: Trades are executed directly between users on a blockchain, without a central authority controlling transactions.
-Examples: Uniswap, SushiSwap, PancakeSwap
-Pros: Increased security, transparency, and control over funds, reduced risk of censorship
-Cons: Can be complex to use, lower liquidity