#CryptoSecurity101 #CEXvsDEX101
When choosing a platform to trade cryptocurrencies, you must understand the difference between centralized exchanges (CEX) like Binance, and decentralized exchanges (DEX) like Uniswap. In centralized platforms, there is an intermediary that holds your funds, which provides ease of use, but imposes some restrictions. On decentralized platforms, you maintain full control over your assets, but you need more technical knowledge. Each type has its advantages and disadvantages, and the choice depends on what you are looking for as a trader. For example, if you frequently trade the ETH/USDT pair, trading fees and liquidity may be important to you.