When you buy crypto on an exchange versus swap it on-chain with a wallet, where are the coins held?
Many DEXs don’t use order books. Instead, they use liquidity pools and automated market-making algorithms to set prices, like Uniswap on Ethereum.
For convenient deposits and withdrawals and customer support, CEXs are 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 key token in the Binance ecosystem and the native coin used to pay Gas fees on BNB Smart Chain.
What would you like to see next? Wallets or something else?
Many DEXs don’t use order books. Instead, they use liquidity pools and automated market-making algorithms to set prices, like Uniswap on Ethereum.
For convenient deposits and withdrawals and customer support, CEXs are 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 key token in the Binance ecosystem and the native coin used to pay Gas fees on BNB Smart Chain.
What would you like to see next? Wallets or something else?