💥 Let’s dive into the second topic of our Crypto Trading Fundamentals Deep Dive: #CEXvsDEX101
When it comes to choosing between Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs), it’s one of the most important decisions every trader faces. Each has its own pros and cons in terms of security, ease of use, liquidity, and the level of control you have over your assets. Knowing when to pick which one is essential to manage your trading risks effectively.
💬 Let’s get the discussion going:
🔹 What do you think are the main advantages and disadvantages of CEXs vs. DEXs?
🔹 Which one do you prefer, and in what scenarios?
🔹 What factors do you consider when deciding between them?
🔹 Any tips for someone who’s new to using a DEX?
👉 Create a post using #CEXvsDEX101 and share your thoughts to earn Binance points! (Tap the “+” on the App homepage and click on Task Center to participate.)
🔗 Check out the full campaign details here.