⚔️ #CEXvsDEX101 – Centralized Exchange vs Decentralized Exchange: Which One Do You Choose?
In the crypto world, exchanges are divided into 2 main types: 🔹 CEX (Centralized Exchange) – like Binance, Coinbase 🔸 DEX (Decentralized Exchange) – like Uniswap, PancakeSwap
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🔐 1. Asset Control
CEX: Assets are held in the exchange wallet, you need to trust a third party.
DEX: You keep assets in your personal wallet (“Not your keys, not your coins”).
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⚡ 2. User Experience
CEX: User-friendly interface, easy to use, has customer support.
DEX: Requires basic technical knowledge, less friendly for newcomers.
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💸 3. Transaction Fees
CEX: Stable fees, many discounts available if using the exchange's token.
DEX: Fees depend on the blockchain (for example: Ethereum gas fees are quite high).
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🔍 4. Transparency & Censorship
CEX: Can be censored, accounts can be frozen, requires KYC.
DEX: Transactions are anonymous, no account required, hard to control.
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🤔 In summary:
Criteria CEX DEX
Ease of Use ✅ ❌ Asset Control ❌ ✅ User Support ✅ ❌ Transparency, Anonymity ❌ ✅
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🎯 Smart Strategy: Use CEX for fast & convenient trading, use DEX for long-term investment and to maintain control. 💬 Which type of exchange do you use more often? Why?
Understanding the types of trading orders (Order Types) is extremely important if you want to trade more effectively and safely.
Here are the 4 most common types of orders on Binance:
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✅ 1. Market Order
📌 Buy/sell immediately at the current market price. ⏱ Suitable when you need to execute orders quickly, but prices may slip (slippage). 💡 Tip: Use when the market is highly volatile and you need to react quickly.
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✅ 2. Limit Order
📌 Set a buy/sell order at your desired price. ⏳ The order only executes when the market price reaches your set level. 💡 Tip: Good for entering orders according to a plan, avoiding FOMO.
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✅ 3. Stop-Limit Order
📌 A limit order that activates after reaching a certain price level (trigger price). 🛡️ Used to take profits or cut losses in a controlled manner. 💡 Example: If BTC drops to 68,000 (trigger price), sell at 67,800 (limit price).
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✅ 4. OCO Order (One Cancels the Other)
📌 Combines 2 orders: 1 take profit order, 1 stop loss order. When 1 order executes, the other is canceled. 💡 Tip: Optimized for swing traders who want to set up both scenarios.
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🔑 In summary: Knowing how to use different types of orders will help you: ✔️ Manage risks better ✔️ Trade more professionally ✔️ Avoid unnecessary "buy high, sell low" situations
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📣 What type of order do you use the most? Any good tips? Let's share in the comments below!
In the crypto market, there are many different trading styles. Understanding which type you belong to will help you optimize your strategy and manage risks better.
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🔥 1. Scalper ⏱ Trades within a few minutes, profits from small fluctuations. 🔧 Requires quick reactions, using 1m–5m charts. ⚠️ High risk, but quick profits if disciplined.
📊 2. Day Trader 🕐 Opens and closes positions within the same day. 🔍 Technical analysis and short-term news are very important. 💡 Needs to monitor the market frequently.
🧘 3. Swing Trader 📆 Trades from a few days to a few weeks. 🧠 Requires patience and a clear strategy. 📈 Takes advantage of medium-term waves to take profits.
💼 4. Investor (HODLer) ⏳ Buys and holds long-term, usually 6 months to a few years. 🌍 Interested in the project's potential, technology, and team. 🧘 Suitable for those with little time, who do not like trading pressure.
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💬 What type of trader are you? Or are you transitioning styles? Share your story below 👇