Centralized vs. decentralized exchanges explained in three sentences:
On a CEX, on-chain transfers generally occur only when depositing or withdrawing; trades on the platform simply update balances in its ledger.
The biggest difference is who holds the assets: on a CEX, the platform holds them; on a DEX, users control their own private keys.
Slippage is often significant for lesser-known tokens on DEXs, so check the estimated amount you’ll receive before swapping.
$BNB 694.93（+0.21%）
#BNB
On a CEX, on-chain transfers generally occur only when depositing or withdrawing; trades on the platform simply update balances in its ledger.
The biggest difference is who holds the assets: on a CEX, the platform holds them; on a DEX, users control their own private keys.
Slippage is often significant for lesser-known tokens on DEXs, so check the estimated amount you’ll receive before swapping.
$BNB 694.93（+0.21%）
#BNB