#TradingMistakes101 🚀 CEX vs DEX: Which is better and more suitable for you as a cryptocurrency trader?🤔

In the world of digital currencies, the most important question remains: Do you choose to trade on centralized platforms (CEX) or decentralized ones (DEX)?

Each type of platform has its advantages and challenges, and your choice can make a significant difference in your investment experience.

✅ Centralized platforms (CEX): Convenience and liquidity

Examples: Binance, Coinbase

Pros:

User-friendly interfaces for beginners

High execution speed

Direct technical support

Large liquidity and diversity of currencies

Cons:

Need for identity verification (KYC)

Reliance on a third party to hold funds

Vulnerable to hacks if protection is not strong

🔓 Decentralized platforms (DEX): Freedom and control

Examples: Uniswap, PancakeSwap

Pros:

Full control over your wallet and assets

High privacy and no need for KYC

Direct trading on the blockchain

Cons:

Can be difficult for beginners

High gas fees at times

Less liquidity for some currencies

🧠 When to use each one?

Use CEX when you need execution speed, or if you are a beginner and require a simple experience.

Use DEX if you are looking for privacy, full control over your money, or want access to new projects in their early stages.

🎯 Summary

Choosing between CEX and DEX is not just a preference, but a strategy based on your goals in the market. Consider your level of expertise, your trading volume, and the degree of risk you are willing to accept.