Why do some trades require identity verification, while others only require you to connect a wallet?
Decentralized exchanges (DEXs) use smart contracts to execute trades. You sign transactions with your own wallet, and your assets stay in your wallet until the transaction is made.
If you want convenient deposits and withdrawals, plus customer support, a CEX is easier to use. If you want to control your own private keys and use on-chain apps, you’ll need to learn how to keep your wallet secure.
$BNB is both a core token in the Binance ecosystem and the native currency used to pay gas fees on BNB Smart Chain.
What would you like to learn about next—futures trading or something else?
Decentralized exchanges (DEXs) use smart contracts to execute trades. You sign transactions with your own wallet, and your assets stay in your wallet until the transaction is made.
If you want convenient deposits and withdrawals, plus customer support, a CEX is easier to use. If you want to control your own private keys and use on-chain apps, you’ll need to learn how to keep your wallet secure.
$BNB is both a core token in the Binance ecosystem and the native currency used to pay gas fees on BNB Smart Chain.
What would you like to learn about next—futures trading or something else?