Centralized vs. Decentralized Exchanges: What Every Trader Should Know

Choosing between a CEX and DEX depends on your trading goals, risk tolerance, and need for convenience or control.

🔹 Centralized Exchanges (CEXs) like Binance offer high liquidity, fast execution, user-friendly interfaces, and support for fiat deposits. They're ideal for beginners and high-volume traders. However, you don't control your private keys, and KYC is usually required.