What’s the difference between a CEX and a DEX? Don’t panic—here’s the quick rundown:
Every swap on a DEX is an on-chain transaction, so you have to pay gas fees on that blockchain.
The most fundamental difference is who holds the assets: on a CEX, the platform holds them; on a DEX, users control their own private keys.
Useful advice may seem pointless most of the time, but you’ll know its value when you hit a snag.
$BNB 701.13（-0.046%）
I could be wrong, so don’t just follow what I say.
Every swap on a DEX is an on-chain transaction, so you have to pay gas fees on that blockchain.
The most fundamental difference is who holds the assets: on a CEX, the platform holds them; on a DEX, users control their own private keys.
Useful advice may seem pointless most of the time, but you’ll know its value when you hit a snag.
$BNB 701.13（-0.046%）
I could be wrong, so don’t just follow what I say.