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Topic: Are you tired of centralized cryptocurrency trading platforms? - page 2. (Read 672 times)

BerneirBTC

jr. member

Activity: 63

Merit: 1

Quote from: escalante28 on October 11, 2018, 03:35:19 AM

Centralized trading and exchange platforms are convenient to use rather that decentralized. And most of the decentralized platform is base only in Erc20 so why should I got tired using decentralized platforms? It's a matter of trust and I believed that those top exchanges are accountable of your account if there is a big hacking event in there platform

It is actually that convenience that has drawn a lot of people into making use of centralized exchanges, apart from the liquidity as well. One thing is that at least with a centralized exchange, I can easily make use of the APIs to trade directly on any other application which is something I am not sure we may be able to get when it comes to using decentralized exchanges and then varieties again is another bone of content as well.

I cannot be tired of something actually, when there is no other option available that is better than it, so maybe until we have another alternative to centralized exchanges with great functions that centralized exchanges offer and still decentralized, then maybe by then, I will get tired.

serizawa

sr. member

Activity: 672

Merit: 250

if it remains safe, I consider it no problem. but I'm sure decentralized exchangers will grow now see idex traders like trading there because it's fast safe and cheap transaction costs

Whosdaddy

hero member

Activity: 1148

Merit: 527

Quote from: applehell on October 09, 2018, 09:44:28 PM

In my opinion, this is a very good idea,

What is a very good idea, seeing decentralized exchanges replace centralized exchanges? No one is saying it is not a good idea, but from what we have seen so far, does most decentralized exchanges actually have what it takes for regular users to be able to trade, when it comes to fast transactions or trade, when compared to centralized exchanges, when it comes to liquidity and when it comes to usability.

I believe if the usability aspect of decentralized exchange is solved, and they can at least go in par with the centralized exchange platform, a lot of users would prefer it and sure the liquidity aspect would be solved, but we definitely do not have that yet.

vrap.pm

full member

Activity: 490

Merit: 106

I am really tired from a system that promotes an easy entrance in the crypto world, but difficults the exit from it.
You can invest a million dollars in crypto in just one day, but most of the exchanges only let you take out the same amount of fiat in weeks or months... or never.

The system promotes an image that does not have, that is very easy of buy and sell. But in the end to buy is easy but to sell (convert to fiat) is not that easy at all...

I also would like to see decentralized exchanges where was simple to buy and sell altcoins, with alcoins and fiat; without the use of bitcoin or ethereum and the fees asked by exchanges.

wuvdoll

legendary

Activity: 1442

Merit: 1025

Quote from: WalletPlus on October 11, 2018, 05:32:23 AM

a decentralized application can't win the battle against centralized apps. cApps are much faster than any other dApp, try to run a dApp with 100 of millions of users, like facebook, youtube or any other platform that has a huge amount of traffic. Maybe it can, but we will need more computational power and resources. I mean it would be interesting to have an OS that in the core has already preinstalled dApps shop, where you can install it with one click. But I just saw one smartphone project, that tackles that issue.

My comment doesn't fit the thread, anyhow, because of centralized exchanges, like Coinbase, Binance, Bittrex, bitcoin has to gain the attention of the world, without them bitcoin would never touch the $20k.

Centralized will always be faster one way or the other and at the end, those who are regular traders will just have to find a way to trust centralized exchanges with their funds while making it an important thing to try as much as possible to make sure they at least take advantage of the security of the exchange.

From what we have seen for a while now, we can see how lagging most of the decentralized exchanges can be, the terrible nature of the user interfaces which sometimes I wonder how people even make use of it to make a trade easily and the fact that you won't really have that much of a flexibility compared to when you are making use of centralized exchange where you can either trade on the go via your mobile or use some applications.

WalletPlus

copper member

Activity: 94

Merit: 1

Quote from: WalletPlus on October 10, 2018, 04:18:53 AM

decentralized needs to build in hardware or software, for the average Joe everything needs to happen one click away. People are lazy and stupid

I mean, a decentralized application can't win the battle against centralized apps. cApps are much faster than any other dApp, try to run a dApp with 100 of millions of users, like facebook, youtube or any other platform that has a huge amount of traffic. Maybe it can, but we will need more computational power and resources. I mean it would be interesting to have an OS that in the core has already preinstalled dApps shop, where you can install it with one click. But I just saw one smartphone project, that tackles that issue.

My comment doesn't fit the thread, anyhow, because of centralized exchanges, like Coinbase, Binance, Bittrex, bitcoin has to gain the attention of the world, without them bitcoin would never touch the $20k.

wuvdoll

legendary

Activity: 1442

Merit: 1025

Quote from: Leard on October 09, 2018, 03:57:37 PM

Quote from: Lanatsa on October 07, 2018, 01:20:32 AM

Quote from: juwon55 on October 06, 2018, 03:49:59 AM

very small percentage of the crypto traders population have an idea on how decentralized trading platforms works.

How can be so sure with this line? because most trader do use up centralized exchange doesnt mean they dont know how to use DEX? I dont think so, i do rather believe that most people do know how to use that if not then using dex arent really to technical even having an average knowledge on how crypto works will definitely get the idea on how to use up. I know how it feels on going contrary on how should crypto be but dealing with fiat transactions you wont really have any choice.

I agree, everyone uses centralized exchanges as they have normal trading volumes and everyone knows about decentralized exchanges.

The thing actually is that when it comes to user interface, when it comes to easy usage, decentralized cryptocurrency exchanges have not been able to get that into play yet and with that, it would always be hard to see liquidity in place when compared to centralized exchanges.

At this moment, we really cannot do much than embracing centralized exchanges for big volume traders, at least as long as they are compliant to a particular country's law and policies and you are somewhat covered as a user. I would not want to trade where I know to get out of a position will be difficult because of liquidity, would I ?

escalante28

member

Activity: 742

Merit: 42

andigentho

full member

Activity: 448

Merit: 102

if I don't feel tired, I have to learn a lot with a centralized cryptocurrency trading platform, with many chart features that I don't understand yet. And if it's as if most people consider cryptospace to be the only option available because they think DEX is less secure and costs too much.

patispace

member

Activity: 183

Merit: 11

Unfortunately, there are not too many options among decentralized exchanges, in addition to the great risks involved in having to access these types of exchanges with your private keys. However, at this time I prefer to take those risks and that is why most of the transactions I carry out as a trader are made on platforms like IDEX. I have already suffered too many problems in centralized platforms such as yobit, poloniex, cryptopia and bittrex to keep insisting on them.

Oilacris

hero member

Activity: 2996

Merit: 609

Quote from: Leard on October 09, 2018, 03:57:37 PM

Quote from: Lanatsa on October 07, 2018, 01:20:32 AM

Quote from: juwon55 on October 06, 2018, 03:49:59 AM

very small percentage of the crypto traders population have an idea on how decentralized trading platforms works.

I agree, everyone uses centralized exchanges as they have normal trading volumes and everyone knows about decentralized exchanges.

True, even just you are starting trading on crypto I do believe too that newbie will really face off decentralized exchanges first before they would go to centralized ones. Most of the time they will surely deal into tokens that are placed on decentralized exchangers.

Quote from: WalletPlus on October 10, 2018, 04:18:53 AM

decentralized needs to build in hardware or software, for the average Joe everything needs to happen one click away. People are lazy and stupid

What are you talking about man? Huh

AlekseyCrypto

member

Activity: 518

Merit: 11

Yes, indeed, centralized exchanges have many problems. I believe there is a great future for decentralized exchanges, we can remain anonymous and not experience any delays and manipulations.

WalletPlus

copper member

Activity: 94

Merit: 1

decentralized needs to build in hardware or software, for the average Joe everything needs to happen one click away. People are lazy and stupid

blue_nexus15

member

Activity: 532

Merit: 10

█ J A X N E T W O R K █

Quote from: VBCryp@ on October 09, 2018, 01:08:06 PM

Quote from: juwon55 on October 06, 2018, 03:49:59 AM

Most crypto traders make use of centralized trading platforms, like Binance, Bitmex, Poloniex, Bittrex etc… The hype around these platforms made it appear to most guys in the cryptospace as the only available option, very small percentage of the crypto traders population have an idea on how decentralized trading platforms works.

Obviously centralized trading platforms are easy to use and all that! , but that’s not the best the technology can offer, I believe the future lies in decentralization, with that we can achieve “maximum” security. Personally i trade on a decentralized platform, because i got tired of the issues surrounding the centralized systems.

same idea with you. But I think that between them there are many different points but if you exploit well you can still create effective. Security is still the most important factor, followed by volume and rate. It depends on the commercial strategy of you. Over all, decentralization like idex, ddex, etc does not support trade with BTC pairs.

Agree with this, I feel only relying on decentralized exchange platforms with extremely low transaction volume or continuous dump processes. will not produce great effect with profit.(Of course, some people are interested in decentralization exchange by the dump processes of the bounty). You need to have a large trading platform for effective trading. It is only available at exchange centralized.

hunnykaushal

full member

Activity: 448

Merit: 137

Risk is always there weather it is centralized exchange or decentralized exchange.

Let us see if we can exchange coins/tokens through hardware wallet.

applehell

newbie

Activity: 3

Merit: 0

In my opinion, this is a very good idea,

Leard

jr. member

Activity: 266

Merit: 1

Quote from: Lanatsa on October 07, 2018, 01:20:32 AM

Quote from: juwon55 on October 06, 2018, 03:49:59 AM

very small percentage of the crypto traders population have an idea on how decentralized trading platforms works.

I agree, everyone uses centralized exchanges as they have normal trading volumes and everyone knows about decentralized exchanges.

Flowrocks01

newbie

Activity: 49

Merit: 0

no good dex atm

VBCryp@

member

Activity: 336

Merit: 10

Quote from: juwon55 on October 06, 2018, 03:49:59 AM

DarkStar1O9

sr. member

Activity: 489

Merit: 260

Quote from: juwon55 on October 06, 2018, 03:49:59 AM

Even from developing a startup network on InflationCoin (IFLT) we are largely aware of this issue, as smaller exchanges have been habitually contacting us to collect significant listing fees then putting no effort into the platform or worse disabling the site and stealing user funds, so we've been putting more time into getting decentralized exchange listings established through bridges on the Ethereum and Stellar lumens networks. We're also currently looking to have a dex listing and bridge established on the EOS platform as the DApp user activity growth currently looks promising.