I came across this point while reviewing, so I thought I’d share it.
Decentralized exchanges (DEXs) execute trades through smart contracts. You sign transactions with your own wallet, and your coins stay in your wallet until the trade is completed.
The most fundamental difference between the two is who holds the assets: on a CEX, the platform holds them; on a DEX, you control your own private keys.
$BNB is both a core token in the Binance ecosystem and the native coin used to pay Gas fees on BNB Smart Chain.
What would you like to hear about next time? Futures trading or something else?
#BNB
Decentralized exchanges (DEXs) execute trades through smart contracts. You sign transactions with your own wallet, and your coins stay in your wallet until the trade is completed.
The most fundamental difference between the two is who holds the assets: on a CEX, the platform holds them; on a DEX, you control your own private keys.
$BNB is both a core token in the Binance ecosystem and the native coin used to pay Gas fees on BNB Smart Chain.
What would you like to hear about next time? Futures trading or something else?
#BNB