$BTC #CEXvsDEX101 🔄

Dive into the differences between Centralized Exchanges (CEXs) and Decentralized Exchanges (DEXs). Learn how each works, their pros and cons, and when to use them based on your trading needs and security preferences.

🏛️ CEXs — Centralized platforms like Binance and Coinbase. Fast, user-friendly, but funds are custodial.

🌐 DEXs — Peer-to-peer platforms like Uniswap and PancakeSwap. Non-custodial, more private, but requires self-custody and understanding of DeFi.

Master the trade-offs and choose the right exchange type for your crypto journey! Share your insights with #CEXvsDEX101 and earn Binance Points! 🚀🔗