A quick guide to cryptocurrency basics: centralized and decentralized exchanges
· Centralized exchanges (CEXs) hold users’ assets, and trades are matched on the platform’s internal order book—not every transaction is recorded on-chain.
· PancakeSwap is one of the commonly used DEXs on BNB Smart Chain, and $CAKE is this DEX’s platform token.
$BNB is the core token of the Binance ecosystem and the native coin used to pay gas fees on BNB Smart Chain. Current price: 723.24.
This is not a recommendation. Make your own decisions about buying and selling.
· Centralized exchanges (CEXs) hold users’ assets, and trades are matched on the platform’s internal order book—not every transaction is recorded on-chain.
· PancakeSwap is one of the commonly used DEXs on BNB Smart Chain, and $CAKE is this DEX’s platform token.
$BNB is the core token of the Binance ecosystem and the native coin used to pay gas fees on BNB Smart Chain. Current price: 723.24.
This is not a recommendation. Make your own decisions about buying and selling.