🗂️ Today’s key takeaway: Centralized and decentralized exchanges
On a CEX, on-chain transactions usually happen only when depositing or withdrawing funds; buying and selling on the platform merely changes the balance recorded by the platform.
A CEX is more suitable if you want convenient deposits and withdrawals and customer support. If you want to control your own private keys and use on-chain applications, you’ll need to learn about wallet security.
Don’t take action just because everyone else is doing it.
$BNB is both a major token in the Binance ecosystem and the native coin used to pay gas fees on BNB Smart Chain. Current price: 752.13.
On a CEX, on-chain transactions usually happen only when depositing or withdrawing funds; buying and selling on the platform merely changes the balance recorded by the platform.
A CEX is more suitable if you want convenient deposits and withdrawals and customer support. If you want to control your own private keys and use on-chain applications, you’ll need to learn about wallet security.
Don’t take action just because everyone else is doing it.
$BNB is both a major token in the Binance ecosystem and the native coin used to pay gas fees on BNB Smart Chain. Current price: 752.13.
