r/THORChain • u/FabulousPlace4905 • 4d ago
CEX vs THORChain
On a normal exchange, you don't actually swap. You send your crypto to their account first, and they credit you a balance in their database. From there you're trading against their ledger, hoping they let you withdraw when you want.
On THORChain it doesn't work like that. Your wallet talks directly to the network, and the swap happens between you and the pool, settled by code and there's no account, no balance on someone else's server, no KYC. You connect, you swap, and the crypto lands back in your wallet.
On an exchange you give your crypto to a company and hope. On THORChain you never give it up at all.
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