For Notcoin traders, the choice between a centralized exchange (CEX) like Binance and a decentralized exchange (DEX) like STON.fi often comes down to more than just fees, it is about liquidity and slippage. Slippage, the difference between the expected price of a trade and the price at which it is executed, can significantly impact your profitability, especially for large orders. Understanding how it differs between these two venues is critical for navigating the  

$NOT market effectively.

On a CEX, trading occurs on an off chain order book, a centralized database matching buy and sell orders. Top tier exchanges like Binance boast deep liquidity, meaning there are a vast number of orders clustered around the current market price. For a typical retail trader, this means slippage is often minimal because their order is small enough to be filled by the best available price without issue. However, for a whale executing a large market order, their purchase can "eat through" the sell orders at the current price, forcing them to buy at progressively higher prices and causing negative slippage.  

On a DEX, the dynamic is different. DEXs use on chain automated market makers (AMMs) and liquidity pools instead of order books. When you trade  

$NOT on a DEX, you are trading against a pool of tokens locked in a smart contract. The price is determined by an algorithm based on the ratio of the two assets in the pool. Every trade, no matter how small, alters this ratio and thus impacts the price. This "price impact" is a form of slippage inherent to the AMM model. In pools with low liquidity, even a moderately sized trade can cause significant slippage because it represents a large percentage of the total pool, drastically shifting the asset ratio.  

For @The Notcoin Official , this creates a clear divide. CEXs, which handle the vast majority of crypto trading volume, offer the lowest slippage for most traders due to their deep order books. DEXs, while essential for DeFi utility like liquidity provisioning, generally have thinner liquidity for #Notcoin , making them more susceptible to slippage, especially during periods of high volatility. The choice is a trade off: CEXs offer efficiency, while DEXs offer self custody and permissionless access, a core principle for any  $NOT holder.