Binance offers both centralized exchange (CEX) and decentralized exchange (DEX) platforms, giving users flexibility in how they trade cryptocurrencies. A centralized exchange like Binance CEX is managed by the company and provides a user-friendly interface, fast transactions, and strong security features. It supports a wide range of trading pairs, high liquidity, and tools for advanced trading strategies. On the other hand, Binance also supports decentralized trading through Binance DEX, which runs on the BNB Chain. A DEX allows users to trade directly from their wallets without giving up control of their funds, promoting privacy and decentralization. While CEX is ideal for beginners due to its ease of use, DEX is favored by those who value control and transparency. Both options serve different needs, and Binance caters to both sides of the crypto community.
