The important things to know about Uniform Circular Motion are:
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The misconception that since the speed is constant the net force must be zero. There must always be a net force towards the center.
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The net force in the radial direction is always equal to m v2/r
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The net force in the tangential direction is always 0.
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The misconception that you must always choose the tangential direction when choosing your axis. The only direction you must have is the radial direction.