#CEXvsDEX101 Understanding the tools/ mediums used in crypto trading is very important for getting desired results.

CEX vs DEX: Know the Difference

*CEX (Centralized Exchange) Pros:*

- User-friendly interface

- High liquidity

- Robust security

*CEX Cons:*

- Custodial risk (trusting platform with assets)

*DEX (Decentralized Exchange) Pros:*

- Non-custodial trading (full control)

- Permissionless access

- Transparency

*DEX Cons:*

- Higher risk of slippage and scams

- Minimal recourse for errors

Binance bridges both with tools like Binance Web3 Wallet, combining CEX security with DeFi exploration. A smarter strategy involves.