Crypto Basics | What’s the difference between CEXs and DEXs?
Decentralized exchanges (DEXs) use smart contracts to execute trades. Users sign transactions with their own wallets, and their assets stay in their wallets before each trade.
The fundamental difference is who holds custody of the assets: on a CEX, the platform holds them for you; on a DEX, you control your own private keys.
$BNB is both a major token in the Binance ecosystem and the native coin used to pay gas fees on BNB Smart Chain. Current price: 748.57.
Don’t invest with borrowed money—it can cloud your judgment and push you into making the wrong decisions.
#BNB
Markets change quickly, so make your own decisions.
Decentralized exchanges (DEXs) use smart contracts to execute trades. Users sign transactions with their own wallets, and their assets stay in their wallets before each trade.
The fundamental difference is who holds custody of the assets: on a CEX, the platform holds them for you; on a DEX, you control your own private keys.
$BNB is both a major token in the Binance ecosystem and the native coin used to pay gas fees on BNB Smart Chain. Current price: 748.57.
Don’t invest with borrowed money—it can cloud your judgment and push you into making the wrong decisions.
#BNB
Markets change quickly, so make your own decisions.