How to Move Your Crypto from a Centralized Exchange to BNB Chain
By
BNB Chain
Summary
A guide explaining how to move cryptocurrency from a centralized exchange to BNB Chain (a self-custody blockchain). It contrasts the traditional model where exchanges hold users' crypto with the decentralized finance (DeFi) approach where users control their own wallets and interact directly with permissionless financial apps for trading, earning, borrowing, and sending money.
Source
Twitter / XHow to Move Your Crypto from a Centralized Exchange to BNB Chainbnbchain.orgKey quotes
· 3 pulledWhen your crypto sits on a centralized exchange, the exchange holds it for you.
You hold your own crypto in a wallet only you control, and you connect straight to apps that let you trade, earn, borrow, and send money anywhere, without asking anyone for permission.
This is what people mean by decentralized finance, or DeFi: financial tools that run on a public blockchain instead of inside a single company.
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