When you buy crypto on an exchange versus swap tokens on-chain using a wallet, where are your assets held?
It’s worth understanding the difference between centralized and decentralized exchanges.
The fundamental difference is who holds custody of your assets: on a CEX, the platform holds them for you; on a DEX, you control your own private keys.
If you don’t understand something, avoid putting a large amount into it. It’s safer to start with a small amount.
$BNB is a core token in the Binance ecosystem and the native token used to pay gas fees on BNB Smart Chain.
It’s worth understanding the difference between centralized and decentralized exchanges.
The fundamental difference is who holds custody of your assets: on a CEX, the platform holds them for you; on a DEX, you control your own private keys.
If you don’t understand something, avoid putting a large amount into it. It’s safer to start with a small amount.
$BNB is a core token in the Binance ecosystem and the native token used to pay gas fees on BNB Smart Chain.