Weighing the Pros and Cons: Perpetual Trading on CEX & DEX

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Weighing the Pros and Cons: Perpetual Trading on CEX & DEX

When it comes to perpetual trading, I’m torn between centralized exchanges like Bitget, Binance, or Bybit, and decentralized exchanges like ZKX.

CEXs offer leverage, user-friendly interfaces, and advanced tools, but DEXs provide security, decentralization, and control over funds. While CEXs have better liquidity, some DEXs like ZKX are catching up. Ultimately, it depends on personal priorities and trading styles. If leverage and UX matter most, CEXs might be the way. But if security and decentralization are key, a DEX like ZKX is the better choice.

What’s your experience with perpetual trading across these platforms? You prefer dex or cex.

Dilshan Tharindu Perera Answered question July 2, 2024
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It really depends on the trader. Since most of the centralized exchanges right now already require you to undergo KYC.
So if you want an easy-to-use exchange and are not concerned with centralization and security go with CEX – but I advise is to deposit only a small amount like what you will use in trading.
If you are afraid of CEX – DEX is your friend especially if you have some problem with your jurisdiction regulation, DEX will fit to you as you have more control in you and no issue about centralization at all.

Dilshan Tharindu Perera Answered question July 2, 2024
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