About centralized and decentralized exchanges:
On a CEX, on-chain transfers generally occur only when depositing or withdrawing funds; trades within the platform only update balances in the platform's ledger.
CEXs usually offer services such as fiat on-ramps, customer support, and account recovery, but this means you have to trust the platform to keep your assets secure and manage them properly.
$BNB 694.91（-0.012%）
#BNB
On a CEX, on-chain transfers generally occur only when depositing or withdrawing funds; trades within the platform only update balances in the platform's ledger.
CEXs usually offer services such as fiat on-ramps, customer support, and account recovery, but this means you have to trust the platform to keep your assets secure and manage them properly.
$BNB 694.91（-0.012%）
#BNB