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Topic: Binance demonstrated its decentralized exchange (Read 207 times)

newbie
Activity: 658
Merit: 0
DEX are more secure and potential for crypto market. people are now increasing their trust and interest. it will be more probable in future. it is made by advanced technology thats why its perform better service.
jr. member
Activity: 118
Merit: 1
For me Binance is by far the best exchange.  I have had problems with all the other exchanges but never Binance.  For them to have a DEX is amazing news.  I will use it exclusively once it's mainstream. 
newbie
Activity: 134
Merit: 0
It is a good thing to see dex's since centralized ones are controlled by very few people which is very dangerous because they can very much influence everything and be manipulated as such.
legendary
Activity: 2674
Merit: 2334
Phising has been a large problem for DEX sites. How binance's dex would be able to solve the phising attacks would be the decisive  factor for the success of the said dex. On other matters, we could expect everything better than current dex when it's coming form binance itself.

There is nothing they can do about phishing attacks, they can't prevent someone from placing a fake advertisement on google or a user from clicking a link received in an email. By the way, not only decentralized exchanges have been the target of phishing attackers, but also centralized exchanges and wallets.

A centralized exchange platform can be attacked by a phishing method too. This is not a problem of a DEX. To avoid this vulnerability, a trader should check the SSL/TLS certificate of the network connection. Don't use the site if the verifying is failed and displayed in red or gray.

I bought some BNBs. Although their price are volatile, I think they are a promising ERC20-tokens. It seems that Binance evolves and now looks pretty good.
hero member
Activity: 1176
Merit: 501
Phising has been a large problem for DEX sites. How binance's dex would be able to solve the phising attacks would be the decisive  factor for the success of the said dex. On other matters, we could expect everything better than current dex when it's coming form binance itself.

There is nothing they can do about phishing attacks, they can't prevent someone from placing a fake advertisement on google or a user from clicking a link received in an email. By the way, not only decentralized exchanges have been the target of phishing attackers, but also centralized exchanges and wallets.
full member
Activity: 518
Merit: 102
This is good development and improvement. The binance centralized exchange has already attracted many traders worldwide and they would be happy knowing that there is now a dex version where they can trade anonymously. Also the bnb gas will help to increase the demand of the bnb coin and help its value
jr. member
Activity: 322
Merit: 1
Thanks for that update. I like binance, it is still in first place in the best exchange so far. And also, most of the exchange got breached by a cyber attack, but still binance is impenetrable. Good thing I use Binance as my exchange.
newbie
Activity: 51
Merit: 0
Because it's a higher expected decentralization, I think it will be much more profitable so, stay with this and make you a profitable man.
sr. member
Activity: 798
Merit: 268
Binance give the advantage of decentralized exchange and it's will be helpful for user and definitely hope that it will user friendly.

Indeed, many investors wants to invest on a decetralized market so I think binance is really in a good position. I just hope that when regulations happen, this coin will not become a centralized exchange and hopefully Binance able to remain its position on the top exchanges.
dsc
newbie
Activity: 43
Merit: 0
DEX are the best types of exchanges, fully anonymous is what this entire space was built upon.
newbie
Activity: 68
Merit: 0
Binance give the advantage of decentralized exchange and it's will be helpful for user and definitely hope that it will user friendly.
newbie
Activity: 67
Merit: 0
There are both centralized and decentralized exchange. Many prefer centralized and many decentralized. Hope it's will be user friendly who prefer decentralized exchange.
newbie
Activity: 34
Merit: 0
Naturally, there is a possibility of any good venture profit, I think it is such a possibility that I am hoping to use it but I have to know better about this.
full member
Activity: 953
Merit: 105
Phising has been a large problem for DEX sites. How binance's dex would be able to solve the phising attacks would be the decisive  factor for the success of the said dex. On other matters, we could expect everything better than current dex when it's coming form binance itself.
newbie
Activity: 55
Merit: 0
People always liked DEX as it remains anonymous. People like this because they have the full control on their money. People don’t know what is going to happen in the centralized exchange system as it is wise to have a safe and secured net place.
newbie
Activity: 249
Merit: 0
DEX has always been favorite to the people as it remains anonymous. And people will always have the full control over their asset. It is wise to have a secured and safe net in place as centralized exchange is unpredictable. People don’t know what will happen!
hero member
Activity: 2436
Merit: 503
Cryptocasino.com
Binance's CEO, CZ demonstrated the highly anticipated decentralized exchange of binance which uses the BNB token as gas on a video.
The exchange looks to have a barebone GUI already as he compiled it from a GIT. Still it's a huge improvement towards a DEX people trust.

https://www.youtube.com/watch?v=9R9LrKgL__A
that's look very nice idea. use the binance token as a gas will give you a huge advantage and i guess that will give more utility to the token itself and i will believe there will be more feature to be introduced by binance regarding its decentralized exchange site in the future. i think that you can see more people will try to buy binance token.
but is there an emission for that?
member
Activity: 448
Merit: 12
This is excellent news as DEX has many advantages. Hopefully it will be more user friendly than the existing ones.
For me Binance is the most trusted exchange and when it goes live  I will leave all the shit DEXs I am using currently .
member
Activity: 756
Merit: 13
DIFX - Digital Finacial Exchange
It will be a good thing as long as binance keeps this project as an independent and separate from the main or centralized exchange because the working binance exchange has millions of members and majority of them are happy with the exchange and they do not want to change it.
jr. member
Activity: 238
Merit: 1
There are always ways to get out of the situation. It is necessary to fully study this structure, and then transfer it from your wallet. Thank you.  Roll Eyes Roll Eyes Roll Eyes I think so, since you can remember the old days when it was the peak of the beginning, many did not believe it, but when everything grew, everyone who did not buy regretted it. Wink Wink Wink Wink Wink Wink Wink
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