Binance

The biggest centralized exchange in crypto, and a one-stop shop for trading, staking, farming, launching tokens, you name it. It started with fast listings and lower fees, then built its own Layer 1, DEX, launchpad, NFT platform, and more. Basically, it’s the Amazon of crypto, for better or worse.

It’s fast, powerful, and packed with features. But it’s also centralized, and that comes with tradeoffs. If you’re using Binance, you’re playing in one of the biggest arenas, but you’re still playing by their rules.

Related Terms

Uniswap

One of the OG decentralized exchanges. It lets you swap tokens straight from your wallet. No accounts, no middlemen, just pure on-chain action.

Delisting

When a crypto asset is removed from an exchange. Could be due to low volume, sketchy behavior, or just being dead weight.

Decentralized Exchange (DEX)

A crypto marketplace where you trade directly from your wallet. No signups, no middlemen, just peer-to-peer swaps powered by smart contracts.

Centralized Exchange (CEX)

A crypto trading platform operated by a company. Users entrust their assets to the exchange, which manages trades. While convenient, this means the exchange holds your keys.