$BOB feliz quem aproveita as oportunidades que o mercado oferece ...igual essa correção que o #BOB fez há pouco....eu peguei mais tokens! e vocês ? 🚀🥂🌙
#CEXvsDEX101 When it comes to trading cryptocurrencies, you have two main options: Centralized Exchanges (CEX) and Decentralized Exchanges (DEX). Both have their advantages and disadvantages, and the best choice for you will depend on your priorities and level of experience. In summary, how do they work?
• Centralized Exchanges (CEX)
CEXs operate like traditional banks or brokers, acting as intermediaries in transactions. You deposit your funds on the platform, and the exchange manages custody and trades.
• Decentralized Exchanges (DEX) DEXs operate without a central authority, allowing users to trade directly with each other through smart contracts on the blockchain.
• For those who are starting in cryptocurrency trading, the most valuable and fundamental advice is: never invest more than you can afford to lose.
• The Golden Rule of Cryptocurrency Trading
The cryptocurrency market is known for its extreme volatility. Prices can skyrocket or plummet in a matter of minutes, driven by news, macroeconomic events, regulatory decisions, or even simple tweets. This characteristic, which attracts many for the possibility of quick gains, is also the biggest trap for beginners.
The temptation to seek exorbitant profits can lead to risky decisions, such as investing a significant amount of your savings, taking out loans, or even using money that should be allocated for essential expenses (rent, bills, food). However, when the market moves against you, the impact of a loss under these conditions can be devastating, not only financially but also emotionally. Good trading to everyone!