🔥 Crypto Fundamentals: Centralized vs. Decentralized Exchanges
The most fundamental difference is who holds your assets: on a CEX, the platform holds them for you; on a DEX, you control your own private keys.
Prices in obscure DEX pools can be highly affected by your trades, so check the estimated amount you’ll receive before swapping.
$BNB is the main token in the Binance ecosystem and the native coin used to pay gas fees on BNB Smart Chain. It’s currently at 702.63.
If you found this useful, save it to look up later.
The most fundamental difference is who holds your assets: on a CEX, the platform holds them for you; on a DEX, you control your own private keys.
Prices in obscure DEX pools can be highly affected by your trades, so check the estimated amount you’ll receive before swapping.
$BNB is the main token in the Binance ecosystem and the native coin used to pay gas fees on BNB Smart Chain. It’s currently at 702.63.
If you found this useful, save it to look up later.