What’s the difference between CEXs and DEXs? Don’t worry, here’s the class rep’s answer:
On a CEX, only deposits and withdrawals generally involve on-chain transfers. Trades within the platform simply update your balance in the platform’s records.
CEXs generally offer fiat deposits and withdrawals, customer support, and account recovery services—but you have to trust the platform’s risk controls and asset management.
The costliest thing in crypto isn’t trading fees; it’s the price you pay for not understanding the rules.
$BNB 590.71（+0.83%）
Just my personal opinion. Please consider it rationally.
On a CEX, only deposits and withdrawals generally involve on-chain transfers. Trades within the platform simply update your balance in the platform’s records.
CEXs generally offer fiat deposits and withdrawals, customer support, and account recovery services—but you have to trust the platform’s risk controls and asset management.
The costliest thing in crypto isn’t trading fees; it’s the price you pay for not understanding the rules.
$BNB 590.71（+0.83%）
Just my personal opinion. Please consider it rationally.
