If you don't know about them, I'll give you a brief overview. ✔️👇

There are two types of platforms, each one works differently.

● DEX platforms

● CEX Platforms

◇ What is the difference between them⁉️

🔅Centralized exchanges (CEX)

◇ A centralized platform that acts as an intermediary between buyers and sellers, ensuring fast and convenient trading, much like a bank.

◇ When using CEX, your assets (coins) are stored on the exchange 《platform》.

Example Binance platform is considered within CEX

🔅Decentralized exchanges (DEX)

◇ A decentralized platform that operates without an intermediary, where trades are executed using smart contracts 👌 .

◇ When using a DEX, your assets stay with you in your wallet.

like :

PancakeSwap - Trust - Phantom…ets

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