#CEXvsDEX101 Binance and the decentralization debate in #Crypto

Decentralization is the heart of #Crypto like #Bitcoin and #Ethereum, where blockchains allow transactions without a central entity, validated by a global network of nodes 🌍. Binance, as a centralized exchange, simplifies trading of #BNB and other coins, offering tools like limit and stop-loss orders 📈. However, by storing funds on its servers, it introduces risks of hacks or regulations, which is contrary to the decentralized spirit of #Crypto 🔒. Alternatives, like decentralized exchanges (DEX), allow trading directly from your wallet, although they are less intuitive. Binance balances accessibility with some control, while pure decentralization empowers the user. Choose your path in #Crypto! 💪