Let’s talk about centralized and decentralized exchanges.
On a CEX, generally, only deposits and withdrawals generate on-chain transactions; buying and selling within the platform simply changes the balance recorded by the platform.
Honestly, I only came to understand this later: if you want convenient deposits and 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 both a core token in the Binance ecosystem and the native coin used to pay gas fees on BNB Smart Chain.
Be cautious of claims promising high, stable returns.
#BNB
On a CEX, generally, only deposits and withdrawals generate on-chain transactions; buying and selling within the platform simply changes the balance recorded by the platform.
Honestly, I only came to understand this later: if you want convenient deposits and 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 both a core token in the Binance ecosystem and the native coin used to pay gas fees on BNB Smart Chain.
Be cautious of claims promising high, stable returns.
#BNB