🏦 Types of Platforms for Trading Cryptocurrencies
Cryptocurrency trading platforms are digital markets that connect buyers and sellers to trade cryptocurrencies against fiat currencies or other cryptocurrencies, offering various tools and features.
🔹 Centralized Platforms (CEX) 🏛️💳
A broker between you and the market, like Binance 🌐.
They provide high liquidity and ease of use ⚡.
Your funds are stored on the platform, requiring trust in security 🔒.
🔹 Decentralized Platforms (DEX) 🌐🛠️
They operate directly between users without a broker 🔁.
Full control of your own wallet 🔑.
Lower fees sometimes, but liquidity may be limited 💧.
