Topic: Centralized and Decentralized Exchanges - page 6. (Read 663 times)

Actually there are two assumption that are incorrect. LEVERJ will have the speed of a centralized exchange, with good UX! Also, there are no fees for cancelled orders. Leverj.io is coming out on mainnet very soon.

If given a choice between decentralised and centralised exchange, I would choose centralised exchanges anyday, the interface is normally easier to navigate and I love the fact that the fees are always fixed to a particular value.

I guess every dex has the same speed with another dex. But the only difficult thing to attract the demand to use the decentralized exchange but the fees has become the main problem that makes a lot of people are still using centralized exchange site rather than dex. There was no a lot of differences in the speed comparison

I am very surprised with this paragraph. It's totally messed up, where the heck do you get that? Tell me what exchange is insured, what amount of deposit is insured, what is the procedure of getting insurance payments? So many questions without answers.

I would encourage you to check out decentralized exchange LEVERJ.io which is moving to mainnet soon. User interface is simple, will be fast as centralized, and incentives are aligned to encourage market makers.

CENTRALIZED EXCHANGE: A Centralized exchange is an exchange which operates in a centralized way, that is, having a central authority.Users of centralized exchange do not have access to the private keys of their exchange account’s wallets, this makes users not to have total control over their asset.Transaction is based on central authority approval.

DECENTRALIZED EXCHANGE:Decentralized exchange is an exchange which operates in a decentralized way,that is,without a central authority. Decentralized exchange make use of distributed ledger and therefore does not hold customers’ funds and  information
                        

                                    ADVANTAGES  AND  DISADVANTAGES

     CENTRALIZED EXCHANGE
    High trade volume
    Higher liquidity
   Some centralized exchange allow users to exchange fiat for Cryptocurrency
   Accept direct bank wire transfer, Credit, Debit for fiat payment
   Risk of hacking is very higher
   No privacy at all, high level of identity theft
   Open to government intervention which can lead to a ban.
   It has gain so much popularity because it is user friendly
   Ownership details are made known.
   Many centralized exchanges offer large functionality like margin trading, discount for high volume trading, lending, large amount of financial data.
 .
     DECENTRALIZED EXCHANGE
   Low trade volume compare to centralized exchanges
   Low liquidity
   Dex allows exchange of Cryptocurrency only
   Payments in Cryptocurrency only
   Almost impossible to hack
   High level of privacy
   No government intervention
   Just trying to gain popularity due to lack of simple user interface
   Ownership details are not made known
   Offers are limited compare to centralized exchanges.

LIST OF SOME DECENTRALIZED EXCHANGES
•   IDEX (https://idex.market)
•   RADAR RELAY DEX (https://radarrelay.com)
•   ETHERDELTA (https://etherdelta.com)
•   WAVES DECENTRALIZED EXCHA (https://wavesplatform.com/product/dex)
•   OPENLEDGER DEX (https://openledger.io/market)
•   AIRSWAP ((https://www.airswap.io)
•   CRYPTOBRIDGE DEX (https://crypto-bridge.org)
•   GDEX (http://www.allcmc.com/exchange/gdex)