The most expensive thing in crypto has never been transaction fees—it’s the cost of not understanding the rules.
Today’s topic: centralized and decentralized exchanges
Decentralized exchanges (DEXs) use smart contracts to execute swaps. Users sign transactions with their own wallets, and their coins stay in their wallets until the transaction is made.
If you want convenient fiat on- and off-ramps and customer support, a CEX is a better fit. If you want to manage your own private keys and use on-chain apps, you’ll need to learn how to keep your wallet secure.
$BNB is the core token of the Binance ecosystem, and also the native coin used to pay gas fees on BNB Smart Chain.
#BNB
The above is for informational purposes only and does not constitute investment advice.
Today’s topic: centralized and decentralized exchanges
Decentralized exchanges (DEXs) use smart contracts to execute swaps. Users sign transactions with their own wallets, and their coins stay in their wallets until the transaction is made.
If you want convenient fiat on- and off-ramps and customer support, a CEX is a better fit. If you want to manage your own private keys and use on-chain apps, you’ll need to learn how to keep your wallet secure.
$BNB is the core token of the Binance ecosystem, and also the native coin used to pay gas fees on BNB Smart Chain.
#BNB
The above is for informational purposes only and does not constitute investment advice.