🔢 Crypto Basics | Centralized and Decentralized Exchanges
· Key point: Centralized exchanges (CEXs) hold users’ assets in custody. Trades are matched on the platform’s own order book, so not every transaction is recorded on-chain.
· How they work: CEXs typically offer fiat on- and off-ramps, customer support, and account recovery services. In return, you have to trust the platform to keep your assets secure and manage them responsibly.
· Practical tip: Lesser-known tokens on DEXs often have high price impact. Before swapping, check the estimated amount you’ll receive.
$BNB 702.89（-2.1%）
#BNB
· Key point: Centralized exchanges (CEXs) hold users’ assets in custody. Trades are matched on the platform’s own order book, so not every transaction is recorded on-chain.
· How they work: CEXs typically offer fiat on- and off-ramps, customer support, and account recovery services. In return, you have to trust the platform to keep your assets secure and manage them responsibly.
· Practical tip: Lesser-known tokens on DEXs often have high price impact. Before swapping, check the estimated amount you’ll receive.
$BNB 702.89（-2.1%）
#BNB