Key Points Summary:
What are CEX tokens? They are tokens issued by exchanges (such as Binance or XT.COM) that can provide users with various benefits, such as discounted trading fees, staking rewards, and the opportunity to participate in exclusive token sales.
Who should hold them? Whether you are an active trader or a new user, as long as you want to save money, earn rewards, or participate in new projects early, these tokens are suitable for you.
Why are they worth holding? They not only help you reduce trading costs, but also bring passive income through staking, and may even appreciate in value due to token burning and scarcity.
Where can they be used? The best choice is on the token's issuing platform, such as Binance or XT.COM, but they can also be traded on other exchanges, even decentralized exchanges (DEXs).
Future trends? The application scenarios of these tokens are becoming more and more diverse, such as DeFi, Non-Fungible Tokens (NFTs), and even institutional trading, and they have become an important part of the crypto world.
Have you ever wondered why some crypto exchanges issue their own tokens, such as BNB or XT? Or you may have heard that these tokens can help you save on trading fees and unlock some special benefits, but you're not sure if they're worth paying attention to?
Don't worry, this article will give you a comprehensive understanding in a simple and easy way. Whether you are an experienced trader or a new beginner, you can learn how these tokens work, what they are used for, and why they are more important than you might think.
Table of Contents
When Should You Consider Holding CEX Tokens?
Where Can You Acquire and Trade CEX Tokens?
Why Should You Pay Attention to CEX Tokens?
How to Start Using CEX Tokens?
Popular CEX Tokens Introduction
What are CEX Tokens?
CEX tokens, or "centralized exchange tokens", are cryptocurrencies issued by trading platforms like Binance, XT.COM, and Bitget. In simple terms, these tokens are designed to enhance the user trading experience and offer special benefits that ordinary cryptocurrencies don't have.
What makes them special?
Strong utility: For example, they can reduce trading fees, provide staking rewards, and even allow early participation in token launch events.
Controlled by exchanges: The token's supply, burning mechanism, and specific use cases are managed by the exchanges.
Enhance user loyalty: Through fee discounts, VIP privileges, and staking rewards, these tokens make users more willing to use them long-term.
Why should you pay attention to them? CEX tokens not only help you save a lot on trading fees, but also bring passive income through staking, not to mention the opportunity to participate in limited token sales.
For example: Binance's BNB started out just for reducing trading fees, but now it has become a core asset in the Binance ecosystem, even supporting the operation of its blockchain.
Image Credit: CoinMarketCap
Who Should Hold CEX Tokens?
In fact, whether you are an experienced active trader or an occasional new user, as long as you use an exchange, these CEX tokens can bring you a lot of benefits!
Active Traders
If you trade frequently, especially in large volumes, the fee discounts are definitely a money-saving tool! Many exchanges offer 25%-50% discounts, and in the long run, this can be a significant amount, often saving hundreds or even thousands of dollars.
Long-term Investors
If you prefer long-term investment, you can also earn passive income by staking these tokens. The staking program of XT.COM's XT token offers very attractive annual percentage yields (APYs), which is like extra "sleep income" for those who don't need to use their funds immediately.
Crypto Enthusiasts and Early Adopters
If you like to participate in new projects, CEX tokens are definitely your "pass". Many platforms' IEOs (Initial Exchange Offerings) or token launch events require you to hold a certain amount of tokens, and the more you hold, the higher the allocation.
Ordinary Users and Beginners
Even if you don't trade much, holding a small amount of CEX tokens can still enjoy fee discounts, and even participate in airdrop activities and promotional discounts. For new users just starting out, these small benefits can definitely take your experience to the next level!
Image Credit: YouHodler
When Should You Consider Holding CEX Tokens?
Holding CEX tokens at the right time can really maximize your returns! Here are the best opportunities to get in:
Before New Features Launch
Exchanges often tie some new features, such as the NFT market or staking reward programs, to their tokens. If you hold the tokens in advance, you can enjoy these special benefits right away, without missing out on the opportunities.
When Fees Increase or Limited-time Promotions
If the exchange announces a fee hike, or launches limited-time promotions, such as staking rewards doubling, holding the tokens can help you save a lot on costs and grab these valuable deals!
When Staking Rewards Increase
Exchanges often run limited-time events where staking rewards are doubled. At this time, holding the tokens and participating in staking can earn you much higher returns than usual, which is definitely worth it!
Before IEOs or Platform Token Sales
Want to be the first to participate in new project token presales? Most exchanges will require you to hold a certain amount of tokens to participate, and the more you hold, the higher the allocation. So, accumulating the tokens in advance is a great choice!
When Prices are Low or Stable
Here is the English translation of the text, with the terms in <> retained as is:Buying tokens when the price is at a low or stable point not only means a lower cost, but also allows you to enjoy the benefits of the price increase when demand increases in the future.
Image Credit: ofcfca.org
Where can you acquire and trade CEX tokens?
The most advantageous place would be the exchange where the tokens are issued! Native platforms usually offer the most benefits, such as trading fee discounts, staking rewards, and priority access to launching the platform.
Buying on mainstream exchanges:
Binance (BNB): As the core token of Binance, BNB not only can be used to offset trading fees, but also supports various ecosystem projects on the Binance Smart Chain (BSC).
XT.COM (XT): XT token offers global benefits, such as trading fee discounts, staking rewards, and airdrop activities, suitable for all types of users.
Bitget (BGB): BGB is an important token of Bitget, which can enjoy trading fee discounts and has very good staking returns.
Gate.io (GT): In addition to trading fee discounts, GT can also allow you to participate in the pre-sale opportunities of Gate Startup projects, suitable for users who want to explore potential projects.
Cross-platform trading:
Although native platforms offer the most benefits, some tokens are also listed on other exchanges, such as Binance's BNB, which can also be traded on XT.COM, Coinbase or Kraken. Cross-platform flexibility is higher, but some additional benefits may be lost.
Buying on decentralized exchanges (DEX):
If these tokens are based on mainstream blockchains, such as BNB based on Binance Smart Chain, you can also trade them on DEXs like PancakeSwap or Uniswap, and also participate in DeFi activities such as liquidity mining or yield aggregation.
For example: BNB can not only be easily traded on PancakeSwap, but you can also join the liquidity pool to earn additional income.
However, although these tokens can be traded on other platforms, using them on their native platforms will definitely allow you to earn more benefits, such as higher staking returns, larger trading fee discounts, and exclusive token sale priority access. Just like XT token on XT.COM, not only can you save money, but you can also participate in exclusive global activities and promotions, isn't it worth it?
Screenshot Source: XT.COM
Why should you pay attention to CEX tokens?
CEX tokens are not just a part of the exchange, they can also significantly improve your crypto trading experience. Whether it's saving money, making money, or participating in exclusive activities, these tokens can bring you a lot of benefits:
Save on trading fees:
Using CEX tokens to pay trading fees can significantly reduce costs, with discounts typically ranging from 10% to 50%.
For example: Binance users can save 25% by using BNB to pay fees, while XT.COM's XT token also offers similar discounts.
Earn passive income:
Holding tokens can also earn you income through staking, turning your idle tokens into a nice "sleep income".
For example: XT.COM's staking program offers competitive annual percentage yields (APY), especially suitable for long-term holders.
Early participation in token launches:
Many platforms' IEOs (initial exchange offerings) or token launch activities require users to hold CEX tokens in order to participate in the pre-sale.
Example: Bitget's BGB token allows holders to participate in exclusive platform launch activities, and the more tokens you hold, the higher your allocation.
Obtain exclusive rewards and VIP privileges:
Holding tokens can also enjoy more additional benefits, such as higher staking returns, priority customer support, and even larger allocation in token sales.
Token economics and scarcity:
Many CEX tokens use periodic burning mechanisms to reduce supply, thereby enhancing the long-term value of the tokens.
For example: Binance and XT.COM regularly burn tokens to maintain scarcity and drive token price appreciation.
These benefits not only make CEX tokens more attractive, but also further strengthen their position in the crypto ecosystem. If you haven't paid attention to these tokens yet, now is a good time!
Screenshot Source: XT Smart Chain
How to start using CEX tokens?
Acquiring and using CEX tokens is actually quite simple, just follow the steps below and you can easily unlock all their benefits:
Choose the right exchange First, find an exchange that matches your goals. Consider its trading fee discounts, staking options, and the token's functionality.
For example: XT.COM provides global support and attractive staking programs, while Binance and KuCoin also have very mature ecosystems.
Register an account Register an account on the exchange and complete KYC (identity verification) to ensure the security and compliance of your account.
Tip: Remember to use a strong password and enable two-factor authentication (2FA) to enhance account security.
Deposit funds Deposit fiat currency (such as USD) or cryptocurrencies (such as USDT, BTC or ETH) to prepare for buying tokens.
Purchase exchange tokens Buy the tokens through market or limit orders, such as XT/USDT or BNB/USDT.
Use tokens to unlock benefits Use the tokens to pay trading fees, participate in staking programs, or get early access to token launch platform activities.
For example: staking XT tokens can not only earn you high annualized yields, but you may also participate in some exclusive airdrop activities.
Stay up-to-date on platform dynamics Keep an eye on the exchange's announcements, such as staking activities, token burning plans, or new feature additions, so you can fully utilize the value of the tokens.
Introduction to Popular CEX Tokens
Next, let's take a look at a few popular CEX tokens. They are not only the core of their respective exchange ecosystems, but also offer many unique functions and benefits, definitely worth paying attention to!
BNB (Binance Coin)
Market Cap (January 2025): $956 billion
Price: $670
Core Functions: Initially used to reduce trading fees, now expanded to support the Binance ecosystem, including Binance Chain and Binance Smart Chain (BSC).
