#CEXvsDEX101 🔍 CEX vs DEX: What’s the Difference? In the crypto world, understanding the difference between Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) is crucial. CEXs like Binance or Coinbase act as intermediaries that manage trades, offer liquidity, and often require identity verification (KYC). They are beginner-friendly and efficient but require users to trust the platform with their funds. On the other hand, DEXs like Uniswap or PancakeSwap allow users to trade directly from their wallets without intermediaries, giving more control and privacy. However, they often have lower liquidity and may be harder for newcomers to navigate. Knowing the pros and cons of both helps in making informed trading choices.
#TradingTypes101 📚 Understanding Trading Types in Crypto When stepping into the crypto world, it’s essential to understand the different types of trading available. The main categories are spot trading, margin trading, and futures trading. Spot trading is the most straightforward—buying or selling crypto for immediate delivery. Margin trading allows users to borrow funds to trade larger positions, increasing both potential gains and risks. Futures trading involves agreements to buy or sell assets at a future date and price, perfect for speculation or hedging. Each type caters to different strategies and risk appetites, so choose what suits your style and experience.