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Kalim 804
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Kalim 804
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#CEXvsDEX101 #CEXvsDEX101 Centralized Exchanges (CEXs) like Binance or Coinbase are platforms run by companies that manage users’ crypto trades, custody, and security. They offer fast transactions, high liquidity, and user-friendly interfaces but require identity verification and trust in a third party. Decentralized Exchanges (DEXs) like Uniswap or PancakeSwap allow peer-to-peer trading without intermediaries. Users retain control of their funds and privacy, but DEXs may have higher fees, lower liquidity, and require more technical knowledge. In summary, CEXs are convenient but centralized; DEXs offer freedom but demand responsibility. Choosing between them depends on your trading goals and risk tolerance.
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#AGLD Expert suggestions Hold Or Sell
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#XRP Going on Up
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#TradingTypes101 Trading pairs are a fundamental concept in cryptocurrency trading. Here's a quick rundown: *What are Trading Pairs?* A trading pair represents the exchange rate between two assets, such as cryptocurrencies or a cryptocurrency and a fiat currency. For example: - *BTC/USDT*: Bitcoin (BTC) paired with Tether (USDT), a stablecoin pegged to the US dollar. - *ETH/BTC*: Ethereum (ETH) paired with Bitcoin (BTC). *Types of Trading Pairs* 1. *Major Pairs*: Pairs involving prominent cryptocurrencies like BTC/USDT or ETH/USDT. 2. *Altcoin Pairs*: Pairs involving less popular cryptocurrencies, such as LTC/BTC or DOGE/USDT. 3. *Cross Pairs*: Pairs that don't involve a major currency, like ETH/LTC. *Key Concepts* 1. *Base Currency*: The first currency in the pair (e.g., BTC in BTC/USDT). 2. *Quote Currency*: The second currency in the pair (e.g., USDT in BTC/USDT). 3. *Exchange Rate*: The price of the base currency in terms of the quote currency. *Trading Pairs Strategies*
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