What’s the difference between CEXs and DEXs?
Every swap on a DEX is an on-chain transaction, so you have to pay the chain’s gas fees.
The biggest difference is who holds your assets: on a CEX, the platform holds them; on a DEX, you control your own private keys.
$BNB is the main token in the Binance ecosystem and the native currency used to pay gas fees on BNB Smart Chain. Currently: 678.23.
Every swap on a DEX is an on-chain transaction, so you have to pay the chain’s gas fees.
The biggest difference is who holds your assets: on a CEX, the platform holds them; on a DEX, you control your own private keys.
$BNB is the main token in the Binance ecosystem and the native currency used to pay gas fees on BNB Smart Chain. Currently: 678.23.