Keep these points in mind about centralized and decentralized exchanges:
1) Many DEXs don't have order books. Instead, they use liquidity pools and automated market-making algorithms to set prices, like Uniswap on Ethereum.
2) Every swap on a DEX is an on-chain transaction, so you have to pay gas fees on that chain.
3) Price impact can be significant in less popular DEX pools, so check the estimated amount you'll receive before swapping.
$BNB is both a major token in the Binance ecosystem and the native coin used to pay gas fees on BNB Smart Chain. Currently 720.97.
#BNB
1) Many DEXs don't have order books. Instead, they use liquidity pools and automated market-making algorithms to set prices, like Uniswap on Ethereum.
2) Every swap on a DEX is an on-chain transaction, so you have to pay gas fees on that chain.
3) Price impact can be significant in less popular DEX pools, so check the estimated amount you'll receive before swapping.
$BNB is both a major token in the Binance ecosystem and the native coin used to pay gas fees on BNB Smart Chain. Currently 720.97.
#BNB