#CEXvsDEX101 CEX (Centralized Exchanges) and DEX (Decentralized Exchanges) are two different ways of exchanging cryptocurrencies, each with its advantages and disadvantages.

🔹 CEX (Centralized Exchange):

• Easier to use.

• High liquidity and speed.

• Customer support.

• But: they hold your funds (you don't have full control) and require identity verification (KYC).

🔹 DEX (Decentralized Exchange):

• No need for KYC.

• You maintain control of your funds (self-custody).

• More private and open transactions.

• But: less intuitive, less liquid, and greater technical risk if you are a beginner.

#CEXvsDEX101 #binancesquare

✅ Conclusion:

If you value ease and support, a CEX like Binance may be ideal.

If you prefer privacy and full control, a DEX is the way to go.

The ideal situation is to know both and choose according to your user profile and level of experience.

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