🔍 Crypto Basics | Centralized and Decentralized Exchanges
· What they are: On a CEX, on-chain transfers usually occur only when depositing or withdrawing. Trades within the platform simply update balances in its ledger.
· How they work: The biggest difference is who holds the assets: on a CEX, the platform holds them; on a DEX, you control your own private keys.
· Reminder: Tokens with low trading volume on a DEX often have high slippage. Before swapping, check the estimated amount you’ll receive.
$BNB 750.53（+1.01%）
#BNB
Personal notes; make your own decisions when trading.
· What they are: On a CEX, on-chain transfers usually occur only when depositing or withdrawing. Trades within the platform simply update balances in its ledger.
· How they work: The biggest difference is who holds the assets: on a CEX, the platform holds them; on a DEX, you control your own private keys.
· Reminder: Tokens with low trading volume on a DEX often have high slippage. Before swapping, check the estimated amount you’ll receive.
$BNB 750.53（+1.01%）
#BNB
Personal notes; make your own decisions when trading.