#CEXvsDEX101
#CEXvsDEX101
📌
The difference between centralized (CEX) and decentralized (DEX) exchanges is fundamental for every trader. In a CEX like Binance, transactions are conducted through an intermediary that controls the assets and provides high liquidity, while DEX like Uniswap allows you to trade directly from your own wallet without an intermediary, enhancing privacy and control. When trading a coin like SOL, it can be used in both systems, but in DEX the fees are sometimes lower, while in CEX the execution speed is better. The choice of platform depends on your priorities: security or liquidity?
#CEXvsDEX101
---
