Are you an ETH/USDT trader and confused between trading on CEX or DEX? 🤔
The difference between the two platforms is greater than you think!
CEX (Centralized Exchanges) like Binance provide high liquidity and fast execution, but they require identity verification and hold your funds on their private servers. On the other hand, DEX (Decentralized Exchanges) like Uniswap give you complete control over your wallet, require no verification, but sometimes suffer from liquidity issues and high gas fees.
If you are looking for privacy and full control, then DEX is your choice. However, if you care about convenience and speed, then CEX is the best option for you.
#cex_vs_dex101