#TradingMistakes101 #CEXvsDEX101

When choosing a platform for trading cryptocurrencies, you need to understand the difference between centralized exchanges (CEX) like Binance, and decentralized exchanges (DEX) like Uniswap. In centralized exchanges, there is an intermediary that holds your funds, providing ease of use, but imposes some restrictions. In decentralized exchanges, you retain full control over your assets, but require 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.