Binance is a leading Centralized Exchange (CEX) that offers fast, secure, and user-friendly crypto trading. It provides high liquidity, advanced trading tools, and customer support, but requires users to trust Binance with their funds and identity (KYC). In contrast, Binance also supports Decentralized Exchanges (DEX) through its Binance DEX on the BNB Chain. DEXs allow users full control of their assets, enabling peer-to-peer trading via smart contracts without intermediaries. While Binance CEX is ideal for beginners and active traders, Binance DEX suits users who prioritize privacy and decentralization. Each serves different needs within Binance’s broader ecosystem. #CEXvsDEX101#coincap
