presale crypto in onswap exchange

If you want to buy tokens in decentralized exchanges, or even if you have a question, what is the difference between a centralized exchange and a decentralized exchange? Stay with us in the next article.

The difference between centralized exchanges and decentralized exchanges

In centralized exchanges, you transfer the desired coin or token to the wallet of the exchange airdrop crypto and you are placed on the list to receive another token, another person also gives the desired token or coin to the exchange and is placed on the list. The exchange position transfers your desired token to you from its own wallet and the other person's desired token to their wallet. In decentralized exchanges, two parties directly exchange their tokens with each other, and in this way, the tokens are not transferred to the wallet of the exchange.

Among the centralized exchanges, we can mention Binance presale crypto , Hobby Global, and Coinx. For decentralized exchanges, UniSwap and Pancake Swap can be mentioned.

OnSwap Exchange:

OnSwap entered the market last year to compete with UniSwap and other decentralized exchanges. Unlike UniSwap, Pancake Swap uses Binance's smart network. Binance, it is better to use Binance Smart Chain (BEP-20 tokens). To add a token to the Pancake Swap exchange, you must enter the address of this token in the exchange. One of the methods of removing the token address in the Binance network is to use the Bscscan website.

Introducing the bscscan website

This website at www.bscscan.com provides comprehensive information about all types of tokens. You can use the facilities of this website to remove the token address (other information such as the number of token ico calendar holders and the total number of tokens are specified on this website) or check the status of your transactions.

When your transaction is completed in Pancake Swap, for further review and to ensure that the transaction is completed, remove the transaction ID and check its status on the bscscan website.

Another feature of the bscscan website is the tracking of transactions after completion.

This information includes the hash of the transaction, the time of the transaction, the status of the transaction, the number of blocks, the receiver and the sender, and the number of transaction fees, etc. The figure below shows the tracking of a transaction on the bscscan website.