🗂️ Cryptocurrency Basics | Centralized and Decentralized Exchanges
· Key point: On a CEX, generally only deposits and withdrawals involve on-chain transfers; trades within the platform simply update the balances recorded by the platform.
· How it works: Anyone can create a new pool on a DEX, so the barrier to listing is low—and there are more fake tokens with the same name. Verify the contract address to identify a token.
· Reminder: A CEX is more suitable if you want convenient deposits and withdrawals and customer support. If you want to manage your own private keys and use on-chain apps, you’ll need to understand wallet security.
$BNB 723.29（+0.46%）
· Key point: On a CEX, generally only deposits and withdrawals involve on-chain transfers; trades within the platform simply update the balances recorded by the platform.
· How it works: Anyone can create a new pool on a DEX, so the barrier to listing is low—and there are more fake tokens with the same name. Verify the contract address to identify a token.
· Reminder: A CEX is more suitable if you want convenient deposits and withdrawals and customer support. If you want to manage your own private keys and use on-chain apps, you’ll need to understand wallet security.
$BNB 723.29（+0.46%）