Everyone, here’s a concept you really need to understand: centralized vs. decentralized exchanges!
Every swap on a DEX is an on-chain transaction, so you have to pay gas fees on that chain.
The fundamental difference is who holds your assets: on a CEX, the platform holds them for you; on a DEX, you control your own private keys.
$BNB is both a key token in the Binance ecosystem and the native token used to pay gas fees on BNB Smart Chain.
Save this and take a closer look later 👇
For reference only. Make your own decisions when buying or selling.
Every swap on a DEX is an on-chain transaction, so you have to pay gas fees on that chain.
The fundamental difference is who holds your assets: on a CEX, the platform holds them for you; on a DEX, you control your own private keys.
$BNB is both a key token in the Binance ecosystem and the native token used to pay gas fees on BNB Smart Chain.
Save this and take a closer look later 👇
For reference only. Make your own decisions when buying or selling.