When you buy crypto on an exchange versus swapping it on-chain with a wallet, who holds the assets?
CEXs generally offer services like fiat deposits and withdrawals, customer support, and account recovery. The tradeoff is that you have to trust the platform with security and asset management.
Understanding this won’t make me more capable overnight, but it can help me avoid a few basic mistakes.
The market is always uncertain, so think ahead about what you’ll do if your judgment is wrong.
$BNB 722.87（+0.1%）
This may not be entirely accurate, so don’t treat it as advice.
CEXs generally offer services like fiat deposits and withdrawals, customer support, and account recovery. The tradeoff is that you have to trust the platform with security and asset management.
Understanding this won’t make me more capable overnight, but it can help me avoid a few basic mistakes.
The market is always uncertain, so think ahead about what you’ll do if your judgment is wrong.
$BNB 722.87（+0.1%）
This may not be entirely accurate, so don’t treat it as advice.