Apr 22, 2021
How CEX works
CEX’s operation includes 03 steps as follows:
Step 1: The User must create an asset storage account. This is the wallet that the exchange provided you and it stores all cryptocurrencies supported by the exchange.
Step 2: When you need to buy or sell any cryptocurrencies, you will look for corresponding pairs of currencies to make a transaction. At this time, you will choose a certain price and your order will be created on the exchange.
Step 3: Depending on your order created, If that order matches, it will be approved and your bought and sales will be successful. In contrast, if it is does not match, it will wait for until enough compatible conditions. Orders are going to continue to repeat such operations on the exchange.
#EF1 #EF1Finance #coin #crosschain #pos #defi #staking #swap #yeildfarming #dapp
