#TradingMistakes101 When trading begins, you are at a crossroads, and few can benefit from political fluctuations as they are the primary influence on the stock market.

When you enter the world of crypto, you will find yourself faced with two main trading options: centralized exchanges (CEX) like Binance, and decentralized exchanges (DEX) like Uniswap. Centralized exchanges offer user-friendly interfaces, high liquidity, and fast execution, but they require 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 the fees may be high and liquidity can sometimes be 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, choosing the 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 your trading, learn about the crucial difference between two platforms competing in the market: 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.