#CEXvsDEX101 CEX vs DEX — which one should a beginner choose?

Cryptocurrency trading starts with choosing an exchange: centralized (CEX) or decentralized (DEX). CEXs, such as Binance or Coinbase, are convenient for beginners: simple interfaces, high liquidity, support for fiat currencies, and customer service. However, they require verification (KYC) and hold your funds, which carries the risk of hacking. DEXs, such as Uniswap or PancakeSwap, give you full control over your assets through your wallet, ensuring anonymity and security. However, their use is more complex, they have lower liquidity, and they are subject to network fees (gas). The choice depends on your priorities: convenience or independence. Start with demo accounts on Binance to try it out!