Before looking at fund flows, let's get the basics straight. Today, we're talking about centralized and decentralized exchanges.
Decentralized exchanges (DEXs) use smart contracts to execute trades. You sign with your own wallet, and your coins stay in your wallet until the trade is completed.
For convenient deposits, withdrawals, and customer support, a CEX is easier to use. If you want to control your own private keys and use on-chain apps, you'll need to get familiar with wallet security.
$BNB is the core token of the Binance ecosystem and the native coin used to pay Gas on BNB Smart Chain. Current price: 723.97.
Decentralized exchanges (DEXs) use smart contracts to execute trades. You sign with your own wallet, and your coins stay in your wallet until the trade is completed.
For convenient deposits, withdrawals, and customer support, a CEX is easier to use. If you want to control your own private keys and use on-chain apps, you'll need to get familiar with wallet security.
$BNB is the core token of the Binance ecosystem and the native coin used to pay Gas on BNB Smart Chain. Current price: 723.97.