When you buy crypto on an exchange versus swap it on-chain using a wallet, who holds the coins? If you want convenient deposits and withdrawals and customer support, a CEX is more hassle-free. If you want to manage your own private keys and use on-chain apps, you’ll need to be familiar with wallet security. In my view, the biggest difference is who holds the assets: on a CEX, the platform holds them; on a DEX, users hold their 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.

#BNB

I’m just sharing my thoughts; this is not investment advice.