Centralized exchanges CEX like Binance, OKX, BitGet... have exchange wallets to store tokens within the exchange; if the exchange experiences problems, you may not be able to withdraw. Decentralized exchanges DEX like UNISWAP, PANCAKESWAP... do not store tokens and connect to blockchain wallets like Metamask, Trust, ITLX for exchange. Therefore, if the decentralized exchange experiences problems, your tokens are still in your wallet and will not be lost. There are two types of wallets: wallets of centralized exchanges (CEXs) like Binance, OKX... these wallets are located within the CEX. So if the CEX has problems, you may not be able to withdraw. Conversely, with decentralized blockchain wallets like Metamask, Trust, OKX, Web3, ITLX, only you hold these wallets, so no one can access them without the 12-character code. Any external actions do not affect the blockchain wallet. THESE WALLETS CAN BE ADDED TO EACH OTHER.
#interlink #itlg #itl #crypto #bitcoin #btc #mmo
#interlink #itlg #itl #crypto #bitcoin #btc #mmo
Centralized exchanges CEX like Binance, OKX, BitGet... have exchange wallets to store tokens within the exchange; if the exchange experiences problems, you may not be able to withdraw. Decentralized exchanges DEX like UNISWAP, PANCAKESWAP... do not store tokens and connect to blockchain wallets like Metamask, Trust, ITLX for exchange. Therefore, if the decentralized exchange experiences problems, your tokens are still in your wallet and will not be lost. There are two types of wallets: wallets of centralized exchanges (CEXs) like Binance, OKX... these wallets are located within the CEX. So if the CEX has problems, you may not be able to withdraw. Conversely, with decentralized blockchain wallets like Metamask, Trust, OKX, Web3, ITLX, only you hold these wallets, so no one can access them without the 12-character code. Any external actions do not affect the blockchain wallet. THESE WALLETS CAN BE ADDED TO EACH OTHER.
#interlink #itlg #itl #crypto #bitcoin #btc #mmo