#CEXvsDEX101 Both serve the same purpose: buying, selling, | My platform on Binance Square

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#CEXvsDEX101 
Both serve the same purpose: buying, selling, and trading cryptocurrencies. But how do they work? They are completely different.
What is CEX?
CEX = Centralized Exchange
Think of platforms like Binance, Coinbase, and KuCoin. These platforms are operated by companies that manage the order books, funds, and user accounts.
What is DEX?
DEX = Decentralized Exchange.

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#TradingTypes101 #TradingTypes101 is a popular tag on social media like Binance Square, used to educate and share insights about various trading styles in financial markets. Whether you're new to trading or looking to refine your strategy, understanding these styles is key to navigating stocks, forex, crypto, or other assets.

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#OrderTypes101 Order Type 101 typically refers to a Market Order. In trading, a Market Order is a request to buy or sell a security immediately at the best available market price. This means the order will be executed as quickly as possible, at the current market price. Key features of a Market Order: Immediate Execution: Market orders are designed to be filled immediately at the next available price. No Guaranteed Price: While execution is guaranteed, the actual price at which the order is filled may vary depending on market conditions. Speed of Execution: Market orders are particularly useful when a trader needs to quickly enter or exit a trade.

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#Liquidity101 A liquid market has many buyers and sellers, allowing for quick crypto exchanges with minimal price variations. For example, Bitcoin (BTC) is very liquid because there is always a large volume of transactions. In personal finance: It is the ability to convert your cryptocurrencies into fiat money (like USD or EUR) or into other cryptos without delays or significant losses. In DeFi projects: Liquidity refers to the funds available in a pool (like on Uniswap) to facilitate token exchanges. Types of liquidity Market liquidity: The ease of buying or selling a cryptocurrency on an exchange. BTC and ETH are examples of high liquidity; a new token from a small project may have low liquidity.

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#TradingPairs101 Trading pairs eliminate the need to convert everything into fiat. They make it easy to move between assets, especially when one currency is more volatile or trending. Some pairs use stablecoins (like USDT or BUSD) for lower risk, while others involve altcoins or major tokens (like ETH/BTC) for strategic swaps. Always choose pairs based on your trading goals, liquidity, and volatility. Not all assets are directly paired, so you may need to swap through a base currency like USDT or BTC. Understanding trading pairs helps you navigate markets efficiently and make smarter trade decisions.

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#CryptoSecurity101 Crypto Security 101 refers to the foundational knowledge and practices needed to protect digital assets, particularly cryptocurrencies, from cyber threats. It encompasses understanding the basics of cryptography, secure wallet management, and recognizing common scams. Essentially, it's about understanding how to keep your cryptocurrency safe from hackers and other malicious actors. Key aspects of Crypto Security 101 include: Understanding Cryptography: Learning about public and private keys, which are essential for securing transactions and verifying ownership of digital assets. Secure Wallet Management: Understanding different types of wallets (hot vs. cold wallets), seed phrases, and the importance of storing them securely. Recognizing Scams: Identifying phishing attempts, fake exchanges, and other scams that can steal your cryptocurrency or personal information.

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