Cryptocurrency buying platforms explained – Uniswap (UNI), Binance (BNB) and BoostX

Uniswap – Chairman of DEXico

ONE DEX is a decentralized exchange. As soon as you buy an asset on a DEX, it is transferred to your wallet, one of the safest places to store a digital asset. Uniswap (UNI), built on the network Ethereumhas become a leading platform for DEX trading with by far the highest 24-hour trading volume of any established DEX.

UNITED does not require any information from its users. There is no intermediary that facilitates the transaction, which means it is the most private method of buying and selling digital assets.

But the biggest problem with DEXespecially with those built on and with Ethereum, is the volatility of gas charges that accompany decentralized transactions. ETH gas fees can range from $ 10 to over $ 100, even the lowest possible gas fees are about 100 times higher than fees paid on centralized exchanges such as Binance.

Binance – the CEX god

Centralized exchanges (CEX) offer much faster settlement times and much lower transaction costs. But it is happening at the expense of decentralization. Since there is an intermediary that facilitates your transaction, the purchase or sale is settled almost immediately. For this reason, merchants are generally more likely to use centralized exchanges as Binance.

There is also a much lower degree of slippage – the difference between the price given for a coin and the actual price at which the transaction is completed. Merchants can also place orders on one CEXthat is, someone who wants to buy Ethereum to $ 1850 can place an order on it at that price. If the value of the token fell to this price, the order would trade and the trade would be completed.

One of the reasons why trading costs are so much cheaper is that almost all centralized exchanges – Binance, FTX, Kucoin, etc. have a native currency to trade the transaction. In the case of Binancethis is the part BNB.

BNB has inherent value not only for the stock market, but for itself. Being the currency used for reduced trading fees, traders trade on the platform Binance will always have a part from BNB in reserve for any transaction they plan to perform. This ultimately puts a constant upward pressure on the price of the BNB token.

With regard to exactly what tokens you may or may not trade on one DEX Where CEX is fairly constant. In general, the “checklist” of what a project should have achieved is more complex for a CEX than a DEX, making the latter more accessible.

BoostX – The new launch pad for Cryptonaughts

ONE cryptocurrency launch pad is designed as a platform where start-up cryptocurrencies can raise capital for project development and presales. This makes the pre-sale process much easier for developers and buyers as the token is purchased through a trusted platform such as BoostX. Investors also have peace of mind that the available tokens have at least undergone a background check process or verification. It’s something in which Boostx excels. By ensuring that only projects designed for longevity are available on its platform, investors are likely to be drawn to the platform to investigate what type of coins can be purchased.

Being the new kid on the blockchain, BoostX has fierce competition from other platforms like Binance crypto launchpad.

The projects listed on BoostX offer very interesting possibilities in the world of DeFi, GameFi and even coins. If you are interested in the platform, check out the link below:

BoostX Finance – BoostX Premium Launchpad technology

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