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#CEXvsDEX101 Centralized Exchanges (CEXs) like Binance or Coinbase are traditional financial entities. They hold your crypto (custodial), offering user-friendly interfaces, fiat-to-crypto conversions, and faster transactions. However, they require KYC (Know Your Customer) verification, making them less private, and are vulnerable to hacks as they control your funds. Decentralized Exchanges (DEXs) like Uniswap or PancakeSwap operate on blockchain smart contracts. You retain full control of your funds (non-custodial), enabling private, peer-to-peer trading. DEXs offer censorship resistance and access to new tokens. Downsides include a steeper learning curve, potentially lower liquidity, and variable network "gas" fees. Choosing depends on your priorities: convenience and liquidity (CEX) or privacy and control (DEX).
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#TradingTypes101 আজকের ফ্রি রেড পাকেট আছে কারোকাছে
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#CEXvsDEX101 #MarketPullback Btc price up
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