#CEXvsDEX101

Choosing between centralized exchanges (CEX) and decentralized exchanges (DEX) is one of the first important decisions for any trader in the world of digital currencies. 💡

Centralized exchanges like Binance offer high liquidity, fast trade execution, and an easier user experience. I prefer to use them when I need to make quick trades for major pairs like #BTCUSDT. However, in return, you must trust the platform to hold your funds.

On the other hand, decentralized exchanges provide you with complete control over your assets and better privacy. I often use them when trading rare cryptocurrencies or when engaging in decentralized finance (DeFi) projects. However, using them requires more technical expertise and exposes you to risks such as front-running.

#CEXvsDEX101