Where are the coins held when you buy them on an exchange versus swapping them on-chain with a wallet?
First, what this means: On a CEX, generally only deposits and withdrawals generate on-chain transactions; trades within the platform only change the balance recorded by the platform.
How it works: Anyone can create a liquidity pool on a DEX, so the barrier to listing new coins is low, and there are more fake coins with the same name. To identify a token, verify its contract address.
$BNB is the main token of the Binance ecosystem, and also the native coin used to pay Gas on BNB Smart Chain. Currently 747.48.
Size your position according to your means and leave room to maneuver.
First, what this means: On a CEX, generally only deposits and withdrawals generate on-chain transactions; trades within the platform only change the balance recorded by the platform.
How it works: Anyone can create a liquidity pool on a DEX, so the barrier to listing new coins is low, and there are more fake coins with the same name. To identify a token, verify its contract address.
$BNB is the main token of the Binance ecosystem, and also the native coin used to pay Gas on BNB Smart Chain. Currently 747.48.
Size your position according to your means and leave room to maneuver.