When trading begins, you find yourself at a crossroads, and few can benefit from political fluctuations as they are the primary influence on the stock market.
When you start in the crypto world, you will face two main options for trading: Centralized Exchanges (CEX) like Binance, and Decentralized Exchanges (DEX) like Uniswap. Centralized exchanges provide user-friendly interfaces, high liquidity, and fast execution speeds, but they require you to provide personal information (KYC) and hold your funds in their wallets. On the other hand, decentralized exchanges give you complete freedom and full control over your funds, but fees can be high and liquidity is sometimes low. For example, if you want to trade the ETH/USDT pair, you may notice a price difference and fees between CEX and DEX. So, the choice of platform depends on your priorities: security and control or ease and speed?
🚨 Did you know that choosing the wrong platform could be the reason for your losses in the world of cryptocurrencies?
Before you start trading, understand the crucial difference between the two platforms that the market is competing over: CEX and DEX!
🔹 CEX (Centralized Exchanges) like Binance and Coinbase rely on a third party to manage your funds. They are easy to use, offer high liquidity and strong execution speed, but they require identity verification and are controlled by centralized companies.