Let’s talk about centralized and decentralized exchanges.
Centralized exchanges (CEXs) hold users’ assets on their platforms and match trades through their own order books, so not every transaction is recorded on-chain.
To be honest, I hadn’t paid attention to this before either: before swapping tokens on a DEX, verify the token contract address, check the slippage settings and allowance, and don’t rely on the token name alone.
$BNB is both the core token of the Binance ecosystem and the native coin used to pay gas fees on BNB Smart Chain. Currently 694.78.
There’s nothing wrong with playing it safe; staying in the game matters far more than making a big profit once.
Centralized exchanges (CEXs) hold users’ assets on their platforms and match trades through their own order books, so not every transaction is recorded on-chain.
To be honest, I hadn’t paid attention to this before either: before swapping tokens on a DEX, verify the token contract address, check the slippage settings and allowance, and don’t rely on the token name alone.
$BNB is both the core token of the Binance ecosystem and the native coin used to pay gas fees on BNB Smart Chain. Currently 694.78.
There’s nothing wrong with playing it safe; staying in the game matters far more than making a big profit once.