For our second topic in the Crypto Trading Fundamentals Deep Dive, itโs time to tackle: #CEXvsDEX101 ๐
One of the most important choices every crypto trader faces is deciding between using a Centralized Exchange (CEX) or a Decentralized Exchange (DEX). Both have their strengths and weaknesses when it comes to security, user experience, liquidity, and control. Understanding the trade-offs โ and knowing when to use each โ is a crucial skill for risk-aware trading.
๐ฌ Weโd love to hear from you:
From your experience, what are the pros and cons of #CEXvsDEX101 $
Which do you prefer โ and in what situations?
What factors do you consider when choosing between a CEX and a DEX?
Whatโs your top advice for someone trying a DEX for the first time?
๐ Create a post with #CEXvsDEX101 and share your thoughts to earn Binance Points! (Just hit the โ+โ button on the App homepage and head to Task Center)
๐ Check out the full campaign details [here].