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Choosing the Right Exchange** ### **A) Centralized Exchange (CEX) – Binance** ✅ **Pros**: High liquidity, easy to use, supports fiat deposits. ❌ **Cons**: Requires KYC (identity verification), custodial (you don’t fully control funds until withdrawn). ### **B) Decentralized Exchange (DEX) – LocalCoinSwap** ✅ **Pros**: No KYC, peer-to-peer (P2P) trading, privacy-focused. ❌ **Cons**: Less liquidity, may require escrow for safety. — ## **3.