#CEXvsDEX101

CEX vs DEX 101 on Binance: Understanding the Basics

*What are CEX and DEX?*

- *Centralized Exchanges (CEX)*: Platforms like Binance where transactions are managed and facilitated by a central authority. They offer user-friendly interfaces, high liquidity, and robust security measures.

- *Decentralized Exchanges (DEX)*: Platforms that enable peer-to-peer transactions without intermediaries, offering greater autonomy and security, but often with lower liquidity.

*Key differences:*

- *Control and Security*: CEX holds users' funds, while DEX allows users to retain control.

- *Liquidity*: CEX typically has higher liquidity.

- *Regulation*: CEX is more regulated.

*Trading on Binance:*

Binance supports various tokens for trading, including major cryptocurrencies like £Bitcoin (BTC), Ethereum (ETH), and Tether (USDT).¹#TradingTypes101 #MarketPullback #BinanceAlphaAlert $BTC $BNB $XRP