#OrderTypes101 Quick Guide for My Binance Fam

🔹 CEX (Centralized Exchange)

– User-friendly UI, ideal for beginners

– High liquidity & fast order matching

– 24/7 customer support + insurance funds

– KYC required → your identity is tied to your wallet

🔹 DEX (Decentralized Exchange)

– Trade straight from your own wallet (no middle-man)

– Full custody of your funds & private keys 🔑

– Permissionless listings & global access

– Lower liquidity & higher gas fees at peak times

FeatureCEXDEXCustodyExchange holds assetsYou hold assetsKYCRequiredUsually noneSpeedMillisecond matchingDepends on chainSecurity RiskExchange hacksSmart-contract bugsPassive IncomeStaking, earn, launchpadsLiquidity pools, yield farming

Pro-Tip: Many pro traders use both. Keep trading capital on a CEX for speed & deep books, but store long-term bags in a self-custody wallet and explore DEX yield opportunities.

“Not your keys, not your coins” still applies – even if you love the convenience of a CEX!

💡 Ready to dive deeper?

Try swapping a small amount on a DEX like Uniswap to feel the flow.

Enable 2FA + anti-phishing code on your CEX account.

Use a hardware wallet for HODL funds.

Drop your questions below 👇 and let’s level up together!

— Posted via Binance Feed 🟡

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