There is no really specified existence of any perfect system to have in this world. All things have their own flaws or weaknesses to be stated despite of many benefits and opportunities that they can do provide. Your preference will dictate you on which kind of exchange you are going to be with and that is basically between Decentralized Exchanges (DEX) or Centralized Exchange (CEX). Not everything you certainly need can be provided on a certain exchange but the important thing is that most of it will be met and be provided to be able to continue within this industry. What matters upon choosing the exchange is your preference that you wanted to have on your exchange that will be suitable for you to get familiarize and will meet most of your needs. We are not always certainly focusing into the flaws or imperfections but gradually on the benefits because in the end, that will matters the most.
What would be the point of using a CEX some time down the road if every one of the advantages they have presently become decentralized? 
Topic: Both centralized exchanges and dex arent perfect (Read 596 times)
There is no really specified existence of any perfect system to have in this world. All things have their own flaws or weaknesses to be stated despite of many benefits and opportunities that they can do provide. Your preference will dictate you on which kind of exchange you are going to be with and that is basically between Decentralized Exchanges (DEX) or Centralized Exchange (CEX). Not everything you certainly need can be provided on a certain exchange but the important thing is that most of it will be met and be provided to be able to continue within this industry. What matters upon choosing the exchange is your preference that you wanted to have on your exchange that will be suitable for you to get familiarize and will meet most of your needs. We are not always certainly focusing into the flaws or imperfections but gradually on the benefits because in the end, that will matters the most.
I wonder why the description of decentralized exchanges does not indicate that they only work with another network? This is a huge disadvantage that makes such decentralized exchanges have no prospects.
It's caused by the dex pegged with the blockchain. The dex being created to support the assets that built into the chain. That's why some dex are working on the crosschain support. that needs the time to complete the development progress. I do agree if that's the disadvantage of dex.
Finally someone said it. I hate all these talks about how centralized exchanges are like this and like that, or decentralized exchanges are like this or that, they are both not great places and they are both not going to suddenly change everything in the crypto world.
Definitely there are some that makes it better, like dex have some features that people needed and it is good that they are bigger now with higher volume, or there are some that needed CEX and thankfully they still exist and keep growing bigger, because they have features we wanted.
But, there is not a situation where they are either perfect, neither of them can provide you with 100% all you need without ever needing any exchange again, it will always be places where we will always need multiple places to use and that is why there is no need to decide on which to use, since you can use both.
Definitely there are some that makes it better, like dex have some features that people needed and it is good that they are bigger now with higher volume, or there are some that needed CEX and thankfully they still exist and keep growing bigger, because they have features we wanted.
But, there is not a situation where they are either perfect, neither of them can provide you with 100% all you need without ever needing any exchange again, it will always be places where we will always need multiple places to use and that is why there is no need to decide on which to use, since you can use both.
For now there is no where to run to, we can only hang in balance and suit either to our taste. But very soon things will get better with dex for reduced fees and have a better platform. The wait is what I can't quantify but it will keep getting better but not to be perfect.
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Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?
Do you want people to tell you why they use decentralized exchanges or centralized ones? For me personally there are two reasons why I am afraid of centralized exchanges:
1. Most centralized exchanges require me to provide them with KYC data.
2. The coins that are on my exchange account do not actually belong to me.
As for trading volumes, transaction execution speed, and transaction fees, centralized exchanges are better than decentralized ones.
Both CEX and DEX have to work together to find the way forward, there is not point getting rid of one for another when they both have few disadvantages, look at binance team, they went ahead and build binance DEX, even if centralized exchanges are exposing data tomorrow due to SEC or the government asking for users data we can switch easily to binance DEX, I try respect binance CEO, he supports crypto with all his might
Ofcourse everything requires a process, I also remember when Binance was first released in 2017 with all its flaws. What is certain is that if you use cex you have to expect to be prepared at any time if your data will be visible to others, because cex has access to it.
The reason why we have so many tokens, projects, etc is because there is no perfection anywhere in the world. This is why we see both centralized and decentralized exchanges evolve time and time again; even now; top top centralized exchanges are SAFU; while decentralized exchange platform has advised to bookmark their webpages to ensure no one falls to fraudsters. Key word; never expect perfection; protect yourself and do your own research.
Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?
There is no where to run, you are stalk with either of the two. They both have their advantages and disadvantages, for me I will pick DEXes for now, the level of development is huge and they are still at the early stage of development and growth. We have DEX with orderbook now, Serum and cheap fees, if you are not just looking into Ethereum DEXes
I wonder why the description of decentralized exchanges does not indicate that they only work with another network? This is a huge disadvantage that makes such decentralized exchanges have no prospects.
Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?
you must choose the one that suits your needs...no platform will satisfy your desires. I always use CEX *usually Binance and it's okay to do KYC while CEX is trusted. do not think too hard about this matter, choose whichever one you feel comfortable with CEX or DEX.
Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?
Since there launch and massive adoption i have become a fan of decentralized instant swap platforms like uniswap. I just want them to list and trade any token without the need of liquidity like the traditional dexes allow or maybe uniswap as a company itself shouldprovide some liquidity for all new tokens or similar solutions should be there so everyone and every token becomes tradable.
Both CEX and DEX have to work together to find the way forward, there is not point getting rid of one for another when they both have few disadvantages, look at binance team, they went ahead and build binance DEX, even if centralized exchanges are exposing data tomorrow due to SEC or the government asking for users data we can switch easily to binance DEX, I try respect binance CEO, he supports crypto with all his might
Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?
I think it is more better to use Dex wallet where are my data will not be exposed but the fees is the fact here .I think it is better to use Dex it is not exactly that we can't find the volume on Dex plz go Uniswap you will find there huge amount of volume . CEX = KYC
DEX = no trading volume
which of the two is good?
I compromised more with CEX, because I had no problem with KYC. Maybe I have fear because my personal data is not safe. but as long as I choose an exchange with good safety and quality. I'm okay with KYC.
right now I don't really like DEX. especially with uniswap, i had a bad experience expecting this exchange. and after all the high transfer fees are also one of the reasons why I dislike DEX.
DEX = no trading volume
which of the two is good?
I compromised more with CEX, because I had no problem with KYC. Maybe I have fear because my personal data is not safe. but as long as I choose an exchange with good safety and quality. I'm okay with KYC.
right now I don't really like DEX. especially with uniswap, i had a bad experience expecting this exchange. and after all the high transfer fees are also one of the reasons why I dislike DEX.
I think it is worst not to have a trading volume because you won't be able to sell or trade properly so I would rather have my kyc done and be able to trade with the right amount of volume, dex are good as decentralise exchange but the major problem is volume which is very important to trade, and yes I also don't like uniswap because of high transaction fee but it is the only dex with high volume as it is.
Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?
but the most important thing from decentralized exchange is safer right ? because for me security is the most important thing in this industry
and we don't need to pass our KYC in dex right buddy ?
Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?
As you can see, both CEX and DEX have their own problems which i think are the ones that i think make up for the user. Obviously when you use a service you will always get asked to accept their rule. The problem i have is that i find it a bit inconvenient to use on DEX the fee is usually very high (uniswap).
They both have their advantages and disadvantages. I would like to use CEX because they are fast, full of various features and services, heavy trading volume, and good customer support. But if you are concern about your account security and want to place this priority on the top then DEX is perfect for you. You just need to bear higher trading fees and slow trade execution.
CEX = KYC
DEX = no trading volume
which of the two is good?
I compromised more with CEX, because I had no problem with KYC. Maybe I have fear because my personal data is not safe. but as long as I choose an exchange with good safety and quality. I'm okay with KYC.
right now I don't really like DEX. especially with uniswap, i had a bad experience expecting this exchange. and after all the high transfer fees are also one of the reasons why I dislike DEX.
DEX = no trading volume
which of the two is good?
I compromised more with CEX, because I had no problem with KYC. Maybe I have fear because my personal data is not safe. but as long as I choose an exchange with good safety and quality. I'm okay with KYC.
right now I don't really like DEX. especially with uniswap, i had a bad experience expecting this exchange. and after all the high transfer fees are also one of the reasons why I dislike DEX.
Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?
As you can see, both CEX and DEX have their own problems which i think are the ones that i think make up for the user. Obviously when you use a service you will always get asked to accept their rule. The problem i have is that i find it a bit inconvenient to use on DEX the fee is usually very high (uniswap).
As if there is any choice left, you have to manage either one of the two and accepts their flaws, centralized exchanges seem to have the upper hand over DEX because they are the best for crypto traders, unlimited volumes and liquidity, this is why DEX is still lagging behind today
Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?
Yup, that’s accurate, both DEX and Centralized exchanges have their own advantages and disadvantages, they are all good in their own ways and bad in the other.I think the reason why a lot of people are not making use of decentralized exchanges is because they are not aware of the kind of dangers they are exposed to while making use of them. Then there are some who are aware of these risks, but the reason they don’t want to use decentralized exchanges is because they can’t keep their keys safe, so they use CEX to avoid that responsibility. And possibly high fee is another thing.
Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?
what about atomic swap or a swap service like uniswap? the only problem should be on the fees but it has a very big daily trade volume, the user's data will not be exposed or never. It's also much more safer compared with centralized exchange site. I remember some cex are feeling worried if uniswap can become a real competitor for cex.
There's also a thing that called atomic swap too.
Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?
I partly agree with you. Both have their advantages and disadvantages. However your mentioned disadvantages of decentralized exchanges are mostly because they are not used that often. If more user would use decentralized exchanges volume will increase of course and spreads will narrow down. The high trading fees are only an issue of some platforms which are mostly based on Ethereum, Waves-based decentralized exchanges for example do have relatively low fees. Also the lack of good interface does not hold for all decentralized exchanges.
On CEX data can be breached and hacks can still take place, on DEX side it's not the same as there isn't any data to be compromised, users can trade tokens without any form of verifications, but CEX owns the majority of volumes and liquidity in whole crypto space and also good trading can only happen on CEX, so for security reasons it's better to choose DEX but for better trading experience CEX wins
Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?
So the choice is yours whether you want security of your private details or just want to save maximum fees while trading cryptos. Well decentralized exchanges can gain more trading volume if people choose DEX to trade their funds than centralized exchanges but the fees factor may not get better when trading on DEX. 
Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?
Unfortunately no place else to run to, you can either accept and deal with the lapses of either of them or don't trade, even if you decide to go the p2p way that too is risky because you have no idea who you are dealing with and what they are capable of,
At the end users will have to weigh which option is much beneficial to them, to be honest I prefer to use the cex than the dex for the obvious reasons, regardless of the kyc process.
Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?
We humans are not even perfect, therefore I think it is somehow justifiable not to expect a perfect system but however trying as much as we can to manage the situation or imperfect system while maintaining the highest form of security and due diligence we can think of. Also, there is something to know, and that is, although centralized exchanges are not secure they can still be used to achieve our aims, moreover most centralized exchanges are now supporting fiat currencies, which now gives people more opportunity to access cryptocurrencies. In the case of decentralized exchanges, although there is no good volume and so on, but it can also be leveraged on to achieve our trading aims, moreover you do not need to worry a lot about security be it in terms of users data or assets, which is of course the most important.
Therefore, what I can only suggest is, accept the imperfect system, make the best use of it and in each case, maintain the highest form of security because you are the only one responsible for it.
Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?
I prefer decentralized exchange for the simple reason that we are safe trading here our vital information is safe and it conform to what Satoshi Nakamoto is preaching which is decentralization and anonymity, maybe in the future we will have 5 top decentralized exchange that can compete with the top centralized exchange in the industry, so traders will have a wide choice where they opted to trade.
- No trading fees
- No brokers
- No liquidation fees
- No Deposit Fund
INCREDIBLE $0.01 TRADES!!!
https://www.youtube.com/watch?v=hfC3oHPrg6g
If a token has liquidity on an AMM like Uniswap it offers the best of both worlds, instant trades, liquidity, no KYC. The issue the industry is trying to get around right now is impermanent loss. If you provide liquidity to a pool you can lose money easily. Some pools are incentivized to reduce this risk, like MTA.
Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?
Both of them have advantages and disadvantages as well so it is your personal choice which one you will chose but going forward into the future i think we may see hybrid solutions especially if kyc becomes a compulsion for dexes too. Also i think decentralized swap platforms like uniswap will grow more and improve as well and they may dominate the market in coming months. 
You should know that in crypto, whether it's exchanges or wallets, some are definitely safer than the other, but none is completely free from any con or from the users folly, with hw wallets for example, it's safer than software wallets but there are still protocols it's users must follow, like if you give out you seed phrase, your funds would be stolen, even despite the fact that you're using a hw wallet.
Having said that, with exchanges, majority of users use centralized exchange cause it's somewhat easier to use and more user-friendly for traders, but if you're a user and your privacy is very important and you want to avoid KYC and the rest of the data you're to provide on centralized exchanges, then you can go for dex ones, the thing is to know the security protocols of every service you're using, centralized exchange users should also not leave their funds on the exchange and should always look out for phishing attempts, especially when there is a data breach, just take responsibility, no matter the service you use.
Having said that, with exchanges, majority of users use centralized exchange cause it's somewhat easier to use and more user-friendly for traders, but if you're a user and your privacy is very important and you want to avoid KYC and the rest of the data you're to provide on centralized exchanges, then you can go for dex ones, the thing is to know the security protocols of every service you're using, centralized exchange users should also not leave their funds on the exchange and should always look out for phishing attempts, especially when there is a data breach, just take responsibility, no matter the service you use.
Unfortunately there is no single cex and dex exchange platform which is capable to provide a fully satisfied trading experience both platforms have advantages and disadvantages in comparison of each other so we have to deal with it on our own understanding and most important we should choose those platforms which has strong crypto community support.
True, sometimes the needs of each person for the exchange are different and on average will use both of them to complete any work they have started, and the advantages and disadvantages of each exchange are clear, and it just needs to be understood by each user. exchange.
I think this board https://bitcointalk.org/index.php?board=223.0 is more suitable for your thread since you mention an exchange.
I have no experience to use decentralized exchange honestly, but if I heard to your statement that decentralized exchange has a high fee and lack of volume seem like it is not suitable for me.
I use an exchange not for long term investment I just use it for trading place that I'll use it every day since I like scalping trade that need more time to entry to the market. Also, I have no problem with personal data as long as I give them to the trusted platform. Yeah, I'll check an exchange first before I make an account so I just believe that the exchange will keep my personal data secretly.
I have no experience to use decentralized exchange honestly, but if I heard to your statement that decentralized exchange has a high fee and lack of volume seem like it is not suitable for me.
I use an exchange not for long term investment I just use it for trading place that I'll use it every day since I like scalping trade that need more time to entry to the market. Also, I have no problem with personal data as long as I give them to the trusted platform. Yeah, I'll check an exchange first before I make an account so I just believe that the exchange will keep my personal data secretly.
UNISWAP fee is killing it's users presently, this makes me go back to centralized exchanges for swapping coins, and tokens but as for trading centralized exchange is the best place, we need more than UNISWAP in crypto space right now, if we can have up to 5 standard DEX exchanges like UNISWAP then it will be very good for all of us
I think you'll enjoy this 
Quote
Stakenet is quite literally going to be the glue that holds these L2 solutions together. We have already debuted our beta Lightning DEX, the very first platform that enables “Lightning Swaps.” A lightning swap is similar to an atomic swap, except it occurs entirely off-chain. Balances are sent to blockchain wallets upon withdrawal from the DEX.
We have begun work on integrating the Connext network and the Vector protocol into the XSN DEX, which would add support for a number of Ethereum-based assets and L2 solutions to our platform.
We have begun work on integrating the Connext network and the Vector protocol into the XSN DEX, which would add support for a number of Ethereum-based assets and L2 solutions to our platform.
Quote
What makes Connext the best choice for our DEX infrastructure is their recently released protocol, Vector, a cross-chain routing network that can bounce between other L2s, ETH shards, primary blockchains and even EVM-compatible chains such as Binance smart chain, Ethereum classic, TOMO chain, and others.
Vector supports conditional transfers routed over intermediary nodes, instant cross-chain and cross-asset transactions, plugin support for non-EVM turing-complete chains, zkRollups, easy deposit/withdraw interface, and low gas costs. All of this is packaged in a lightweight program, containing no more than 2500 lines of code.
Other advantages of Connext are client stability, supporting all operating systems including Windows, and live support for ETH, USDT and DAI. All these mean we will be able to easily add further pairs once we successfully implement and test Vector protocol, making us the first DEX adding support for BTC/USDT and other crypto-stablecoin pairs, without any need for wrapped coins on Ethereum mainnet.
Vector supports conditional transfers routed over intermediary nodes, instant cross-chain and cross-asset transactions, plugin support for non-EVM turing-complete chains, zkRollups, easy deposit/withdraw interface, and low gas costs. All of this is packaged in a lightweight program, containing no more than 2500 lines of code.
Other advantages of Connext are client stability, supporting all operating systems including Windows, and live support for ETH, USDT and DAI. All these mean we will be able to easily add further pairs once we successfully implement and test Vector protocol, making us the first DEX adding support for BTC/USDT and other crypto-stablecoin pairs, without any need for wrapped coins on Ethereum mainnet.
full article:
https://medium.com/stakenet/ethereum-scalability-solutions-connext-and-stakenet-xsn-research-4edb29267bb6
Unfortunately there is no single cex and dex exchange platform which is capable to provide a fully satisfied trading experience both platforms have advantages and disadvantages in comparison of each other so we have to deal with it on our own understanding and most important we should choose those platforms which has strong crypto community support.
Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?
Both has pros and cons but I prefer trading on decentralize exchange, exchange like UNISWAP will lead the way for decentralized exchange to become the most favored type of exchange in the industry, if we are going to have at least 5 decentralized exchange, the decentralized exchange is good to go.
The interfaces of DEX is almost like the CEX already, there is nothing different to it if you look at them. If you try to circumvent polonidex, it's just a normal orderbook type exchange just as how DYDX looks like. It's the swapping exchanges like Uniswap that are very much different.
If do not get out of the smartcontract platform like ETH, EOS and TRON which their wallets also have a link to their DEX then you certainly have tried to avoid leaking your data.
Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?
Both has pros and cons but I prefer trading on decentralize exchange, exchange like UNISWAP will lead the way for decentralized exchange to become the most favored type of exchange in the industry, if we are going to have at least 5 decentralized exchange, the decentralized exchange is good to go.
Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?
Check out Stakenet's L2-based DEX. All the security benefits of a DEX with the convenience, speed, low fees, and sleek interface of a CEX. It utilizes Lightning Network (LND) and Connext to allow for instant off-chain atomic swaps and combines all this infrastructure with a pro trader DEX and a Uniswap-like UX that automates everything involved in executing the swaps. Fees are drastically less than they would be with on-chain atomic swaps. You don't have to download individual blockchains, use metamask, or do any complicated setup. Just download the wallet, let LND sync, and your BTC/LTC is ready to swap after 2 confirmations. In terms of speed, the experience is on-par with CEXs.
I have accounts on multiple CEXs and at this point I'm finding that DEX to be faster and more convenient than any of them.
lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?
I dont think people care about the interface if their trade succeed, Idex had a good interface until they swap position.Uniswap at a point had as more trade volume to be the second trading exchange on the overall exchanges in last few months
More decentralized exchanges are coming like binance came at the last bull market. Something better will come at a point that will give more concern to traders' interest and profit, if this happen except for multiblockchain centralized exchange may struggle at its advent
Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?
I think the two places that you have mentioned are enough for everyone who wants to run, because everyone has different needs in crypto, because sometimes we have to use a centralized exchange because the tokens are only listed in it, and vice versa, so both are still very good needed for now.
There is third choice
Ultimate Brokerless, Noncustodial, Leveraged Derivatives Trading https://tdxp.app/
Not only crypto but stocks, commodities, indices and forex trading as well. Only crypto operating 24/7
No trading fee only "holding fee" (per started 8 hours*) and money stays in own wallet
Trades with as little as 1 cent and 20x leverage
Dark mode, terms, options... top right corner
Not for US, Canadian, Swiss, Iran, North Korea.... users
* different market, different price for example Tesla TSLA (NASDAQ) Holding Fee 0.009946% per 8 hour
Ultimate Brokerless, Noncustodial, Leveraged Derivatives Trading https://tdxp.app/
Not only crypto but stocks, commodities, indices and forex trading as well. Only crypto operating 24/7
No trading fee only "holding fee" (per started 8 hours*) and money stays in own wallet
Trades with as little as 1 cent and 20x leverage
Dark mode, terms, options... top right corner
Not for US, Canadian, Swiss, Iran, North Korea.... users
* different market, different price for example Tesla TSLA (NASDAQ) Holding Fee 0.009946% per 8 hour
Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?
There is no other choice. You have to choose DEX or CEX, there are only these two options. the most important thing you have to know what your goals are, if you want to become a daily trader. CEX is a great choice. You will not be burdened by very high transaction fees for every order you make. different if you only want to sell coins once in a while. DEX is the right choice, what's more that the coin doesn't have an official market.
so understand in advance, what you want to do. then you can choose which one you want to use.
You need to use both CEX and DEX to understand and choose which one is better for your need, I've used both and I'm still more into centralized projects for few reasons, the only thing DEX get better with is security, users are in total control of their funds but every other things aren't to satisfying
At the end of the day, it is up to the user which one he will use to trade with. There are pros and cons on both sides. And you will be the one to assess which one really suits your needs at a particular situation. Because for example, not all the time that DEX has the coin that you want to trade with and it is only found in CEX. And admit it, most of the time, there is no trading volume in DEX. Both types of exchanges are not perfect, but it is on you how you will lessen the potential screw up of your privacy. Submit your KYC only when necessary and make sure the site is legit, not to those never-heard exchanges.
You need to use both CEX and DEX to understand and choose which one is better for your need, I've used both and I'm still more into centralized projects for few reasons, the only thing DEX get better with is security, users are in total control of their funds but every other things aren't to satisfying
Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?
As you can see, both CEX and DEX have their own problems which i think are the ones that i think make up for the user. Obviously when you use a service you will always get asked to accept their rule. The problem i have is that i find it a bit inconvenient to use on DEX the fee is usually very high (uniswap). Yes, with exchanges in general, everything is ambiguous. Decentralized ones are also very convenient. If you want to trade, go to the centralized one. If you want to exchange, go to Dex. You say the commission is high? Is it lower for centralized exchanges? I'm attracted to Dex only by its simplicity. Entered exchanged forgot. No authenticators, passwords or phone verification.
I like that some multi wallets already have auto swap. Quickly exchanged coins inside the wallet and sent them where necessary. It's a pity that new projects get into such wallets for an extremely long time.
Presently DEX fee are higher than any top exchanges I know, many are already complaining about this and some stop using DEX because of this high fee, also DEX isn't that attractive and dashboard can be confusing for new users, DEX platforms need to learn alot from CEX I like that some multi wallets already have auto swap. Quickly exchanged coins inside the wallet and sent them where necessary. It's a pity that new projects get into such wallets for an extremely long time.
Yes, with exchanges in general, everything is ambiguous. Decentralized ones are also very convenient. If you want to trade, go to the centralized one. If you want to exchange, go to Dex. You say the commission is high? Is it lower for centralized exchanges? I'm attracted to Dex only by its simplicity. Entered exchanged forgot. No authenticators, passwords or phone verification.
I like that some multi wallets already have auto swap. Quickly exchanged coins inside the wallet and sent them where necessary. It's a pity that new projects get into such wallets for an extremely long time.
I like that some multi wallets already have auto swap. Quickly exchanged coins inside the wallet and sent them where necessary. It's a pity that new projects get into such wallets for an extremely long time.
Nothing is ever perfect in this space, you should just choose whichever works better for you, as for me I'm not ready to risks my data so on that part you can avoid not giving centralized exchanges your information, you can still trade on binance with no KYC, the fact is centralized exchanges have more advantage over DEX, the choice is yours
Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?
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