Key Takeaways: Centralized and Decentralized Exchanges
PancakeSwap is one of the commonly used DEXs on BNB Smart Chain, and $CAKE is its native token.
Every swap on a DEX counts as an on-chain transaction, so you need to pay the chain’s Gas fee.
For convenient deposits, 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 learn how to keep your wallet secure.
$BNB is both a major token in the Binance ecosystem and the native coin used to pay Gas on BNB Smart Chain. Current price: 721.36.
PancakeSwap is one of the commonly used DEXs on BNB Smart Chain, and $CAKE is its native token.
Every swap on a DEX counts as an on-chain transaction, so you need to pay the chain’s Gas fee.
For convenient deposits, 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 learn how to keep your wallet secure.
$BNB is both a major token in the Binance ecosystem and the native coin used to pay Gas on BNB Smart Chain. Current price: 721.36.