Let’s talk about centralized and decentralized exchanges.
Centralized exchanges (CEXs) custody users’ assets and match trades on their own order books, so not every transaction is recorded on-chain.
One thing many people overlook: anyone can create a liquidity pool on a DEX. New tokens can be listed quickly, but there are also more counterfeit tokens, so always verify the contract address.
Before swapping tokens on a DEX, verify the token contract address and pay attention to slippage and approval limits—don’t rely on the token name alone.
$BNB is both a core token in the Binance ecosystem and the native coin used to pay gas fees on BNB Smart Chain.
Centralized exchanges (CEXs) custody users’ assets and match trades on their own order books, so not every transaction is recorded on-chain.
One thing many people overlook: anyone can create a liquidity pool on a DEX. New tokens can be listed quickly, but there are also more counterfeit tokens, so always verify the contract address.
Before swapping tokens on a DEX, verify the token contract address and pay attention to slippage and approval limits—don’t rely on the token name alone.
$BNB is both a core token in the Binance ecosystem and the native coin used to pay gas fees on BNB Smart Chain.