#CEXvsDEX101 Important: Are you using a Centralized Exchange (CEX) or a Decentralized Exchange (DEX)? Centralized platforms like Binance offer a seamless experience, high liquidity, and continuous technical support, but they require you to have full trust in the platform. On the other hand, DEXs like Uniswap give you complete control over your assets, do not require verification or intermediaries, but are less user-friendly and sometimes lack liquidity. Many experienced investors prefer to use both as needed. For example, the UNI token is directly linked to the Uniswap platform and is used to pay fees and vote in governance. Understanding the difference between CEX and DEX is essential for every successful investor.

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