Trading Notes | Centralized and Decentralized Exchanges
① On a CEX, generally only deposits and withdrawals generate on-chain transactions; trades within the platform simply update the balance recorded by the platform.
② Uniswap launched on Ethereum in November 2018 and was one of the earlier decentralized exchanges to adopt AMM. $UNI is this protocol’s governance token.
③ If you want convenient deposits and withdrawals and customer support, a CEX is easier to use. If you want to manage your private keys yourself and use on-chain apps, you’ll need to be familiar with wallet security.
$BNB 722.98 (+0.55%)
Don’t treat these as trading signals.
① On a CEX, generally only deposits and withdrawals generate on-chain transactions; trades within the platform simply update the balance recorded by the platform.
② Uniswap launched on Ethereum in November 2018 and was one of the earlier decentralized exchanges to adopt AMM. $UNI is this protocol’s governance token.
③ If you want convenient deposits and withdrawals and customer support, a CEX is easier to use. If you want to manage your private keys yourself and use on-chain apps, you’ll need to be familiar with wallet security.
$BNB 722.98 (+0.55%)
Don’t treat these as trading signals.