Crypto Basics | What’s the difference between CEX and DEX?
On a CEX, generally only deposits and withdrawals generate on-chain transactions; trades within the platform only update the balance recorded by the platform.
On a DEX, anyone can create a new pool, and the barrier to listing is low, so counterfeit tokens are also more common. To identify a token, verify its contract address.
$BNB is both a core token of the Binance ecosystem and the native coin used to pay Gas on BNB Smart Chain.
When you see claims of stable, high returns, be skeptical.
#BNB
On a CEX, generally only deposits and withdrawals generate on-chain transactions; trades within the platform only update the balance recorded by the platform.
On a DEX, anyone can create a new pool, and the barrier to listing is low, so counterfeit tokens are also more common. To identify a token, verify its contract address.
$BNB is both a core token of the Binance ecosystem and the native coin used to pay Gas on BNB Smart Chain.
When you see claims of stable, high returns, be skeptical.
#BNB
