#CEXvsDEX101 The topic of CEX vs DEX 101 usually refers to a basic comparison between centralized exchanges and decentralized exchanges in the cryptocurrency world. Centralized exchanges, or CEXs, are platforms operated by a central authority where users can trade cryptocurrencies by entrusting the management of their funds to the platform. In contrast, decentralized exchanges, or DEXs, allow users to trade directly with one another without the need for an intermediary, offering greater privacy and control over their assets. Understanding the differences in terms of security, control, fees, and ease of use between these two types of exchanges is crucial for any cryptocurrency enthusiast or investor.
#TradingTypes101 Understanding BTC Pair and Trading* BTC pairs are one of the most popular trading options in the crypto market. A BTC pair means you’re trading a cryptocurrency against Bitcoin (BTC), such as ETH/BTC or ADA/BTC. Instead of buying or selling with fiat like USD or GHS, you're using Bitcoin as the base currency. This method helps traders measure the performance of altcoins relative to Bitcoin. Trading in BTC pairs can be profitable if you understand market trends and how BTC's price movement affects altcoins. When BTC rises, altcoins may fall in BTC value even if their USD value remains the same. This makes BTC pair trading more technical and suitable for those who understand chart patterns and price action.