#CEXvsDEX101

Hello everyone #CEXvsDEX101 Today we will talk about centralized platforms and decentralized platforms. We start with the centralized platform, which relies on displaying and selling cryptocurrencies without an intermediary for a small fee. One of its main features is that it has high security, requiring personal identity registration, as it deals with legal entities and not artificial intelligence.

It also has technical support to help you access your account if you do not know how to reach it. One of its features is that it conducts accurate analysis of currencies before listing them on the platform, considering the liquidity of funds and the strength and credibility of the team that created the currency, as well as ease and provision of a means to convert your local currency into digital currencies for trading.

However, its operation is very similar to traditional banks in that you must deposit money before trading, meaning your funds are held there, which resembles traditional banks.

On the other hand, decentralized platforms do not require you to identify yourself or disclose your identity, and your funds are in your possession. You have a wallet that contains your assets, and the platform acts as an intermediary; thus, the security of your funds is solely your responsibility. If you forget your wallet keys, your funds will disappear, and you will not be able to retrieve them. However, one of its features is the inability to trace them, btc shib#CryptoRoundTableRemarks .