#CEXvsDEX101 Binance offers both a Centralized Exchange (CEX) and a Decentralized Exchange (DEX), catering to different user preferences. Binance CEX provides a user-friendly interface, high liquidity, and customer support, but requires KYC and users relinquish control of their private keys to the exchange. Conversely, Binance DEX prioritizes self-custody and privacy, allowing peer-to-peer trading directly from your wallet without intermediaries. While CEX is ideal for beginners seeking convenience and advanced trading features, It appeals to those valuing decentralization, anonymity, and access to new tokens. The choice hinges on your priorities: control vs. convenience. #CEXvsDEX101🔥 #CryptoExchange