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Topic: Centralized Exchange And Decentralized Exchange (Read 447 times)

sr. member
Activity: 1610
Merit: 294
www.licx.io
Yes, There are two types of exchanges available to crypto developers namely centralized exchanges and decentralized exchanges. Each type has its benefits, but centralized exchanges are more popular with investors.

Centralized exchanges typically charge much higher fees than decentralized exchanges, but offer increased liquidity. Decentralized exchanges give users the ability to trade cryptocurrencies directly with each other. Decentralized exchanges are free to register, but have lower liquidity than centralized exchanges.

In the near term, we can expect to see a push towards decentralized platforms as investors increasingly want enhanced security features over ease of use. Now. The choice is in the hands of each one who wants to use what kind of investment and trade.
member
Activity: 756
Merit: 16
BIB Exchange
Since the blockchain technology behind cryptocurrencies is used to run the most important parts of decentralised exchanges, customers have more control over their money when trading on these platforms instead of on centralised ones.
It is possible to trade coins the CEX and DEX but the methods are very different in contrast to cexes dexes rely on smart contracts carry out their trades rather than a central authority.
Decentralized exchanges don't control the data son no one not even the government may demand it from the developer.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
Well it Depends I would say many Developers and Team of project would love their project get listed on centralized exchange, these exchanges has larger risk because they have already compromised some of the core values of crypto-currency, such exchanges does have much government restrictions and Devs would not have to worry. But in terms of an investor I would say Decentralized exchange, such exchange protects the privacy and security of the investor’s and they can perform anonymous transactions.
Both have their pros and cons, for developers there is little doubt that trying to get their token listed in as many exchanges as it is possible is the best route for them regardless of whether the exchange is centralized or decentralized, for investors everything will depend on their needs, if they do not mind sacrificing their privacy then centralized exchanges are the best, but if anonymity is important for them then using a decentralized exchange is almost a must right now.
hero member
Activity: 1736
Merit: 501
there are many good CEXs and are considered to be the most potential and vice versa, DEX is like that, uniswap for example the ethereum network is the number one best network with the quality of registered tokens now 80% good, it is rare for scammers to do it because the erc20 transaction container is quite expensive. unlike the case with DEX with low fees, scammers know where investors prefer the right field regardless of big or small investors. and CEX is relative to everyone who knows how to choose the best, because he knows the advantages and disadvantages of each
hero member
Activity: 1666
Merit: 709
Playbet.io - Crypto Casino and Sportsbook
Well it Depends I would say many Developers and Team of project would love their project get listed on centralized exchange, these exchanges has larger risk because they have already compromised some of the core values of crypto-currency, such exchanges does have much government restrictions and Devs would not have to worry. But in terms of an investor I would say Decentralized exchange, such exchange protects the privacy and security of the investor’s and they can perform anonymous transactions.
legendary
Activity: 2268
Merit: 1655
To the Moon
both types of exchanges have advantages and disadvantages, however, I think in terms of profit, people will most likely choose CEX, moreover nowadays popular CEX like binance, or kucoin can bring a coin to the attention, and increase its price high. things like that will have no effect if the coin is only listed on the DEX. however, personally, I use both. I think DEX tends to be easier to use and simpler. it all depends on your needs.

Decentralized exchanges make it possible to buy coins at a low price. And when such a coin receives a listing on CEX, its price can increase several times, which gives the trader a good profit. But in any case, you need to spend DYOR, since there are really a lot of scams on DEX.
member
Activity: 217
Merit: 10
If you have a token, it would be great to list it on a decentralized exchange platform beause it is easy for swap.
For example, Ethereum tokens can be listed at UniSwap or SushiSwap for very easy access and safe swaps.

If you have a coin, you need to offer it at a good cryptocurrency exchange, like KuCoin or similar.
sr. member
Activity: 1274
Merit: 457
If you talk about cryptocurrency's real purposes, I would say it is fully protected in decentralized exchange. Because here users don't have to do any KYC verification for depositing and withdrawing or trading.
On the other hand, Centralize Exchange requires KYC verification for trading, deposit, withdrawal, etc., by doing this, I think there is a question created about the data security of users. But centralized exchangers are ahead for low trading fees.
But I think, both exchangers are needed as per requirement. But I think Decentralized Exchange will be ahead in terms of security, self fund control etc.
staff
Activity: 2436
Merit: 2347
Good evening Ladies and Gentle,
As an emerging cryptocurrency, which platform is the best to list on for the benefit of both developers and investors?

On centralized platforms, because there is more regulation and a smaller percentage of various overvalued scams. On decentralized platforms, it is easier to promote various dubious projects, which were originally conceived as just making money on the audience. There you can launch a project anonymously, there is minimum control by services and more opportunities for various exploits, as decentralized platforms are based on the interaction with smart contracts. In addition, centralized platforms have better liquidity and audience.
hero member
Activity: 2828
Merit: 611
Decentralised exchanges are only at the beginning of their development, so they are still less convenient than centralised exchanges. Many functions have not yet been done on the DEX, such as margin trading. There are also problems with liquidity and exchanges between different blockchains. That is why most use CEX. Until the same features are done on DEX as on CEX, it will be less popular.
Using a decentralized exchange requires more operations and techniques than a centralized exchange, in addition, the issue of transaction fees is also a big problem with today's DEXs.
CEX exchange is still much more convenient and fast, you can buy and sell most tokens in the market with a few simple steps, not as complicated as individual DEX exchanges for each blockchain network.
He just said that dex has a lesser function than in cex so how come it requires more operation? But, techniques can always be applied on both type of exchanges if we want to make the most out of our trades. When it comes to convenience and speed I think dex can also win because there are dexes like pancakeswap which users or devs can provide a liquidity for faster trading process. Sign up aren't also needed on them.

Another good thing about dexes is they have lesser minimum limits and then you don't need to pay for the withdrawal fees anymore because the coins are already on your wallet once you are done trading them.
sr. member
Activity: 2422
Merit: 357
both types of exchanges have advantages and disadvantages, however, I think in terms of profit, people will most likely choose CEX, moreover nowadays popular CEX like binance, or kucoin can bring a coin to the attention, and increase its price high. things like that will have no effect if the coin is only listed on the DEX. however, personally, I use both. I think DEX tends to be easier to use and simpler. it all depends on your needs.
The developer should asses their own project on where to get listed and where they think they can get investors since it will still depend on what services they are going to offer and if the token have a real utility in this market. Many will choose CEX here since there’s a lot of good projects already listed on top exchange and in DEX you can see a lot of fake projects which scams a lot of investors. Get listed based on the project itself, its easy to get listed now.
member
Activity: 573
Merit: 30
Being listed on worthy Centralised exchanges is far and far better than being on all decentralized exchanges. People believe liquidity can be removed from decentralized exchanges at anytime or the price be manipulated on it to attract investors and then dump on the investors. And DEX gives chances to most of the scam projects to get listed and rugpull or dump on the investors and that is almost not possible on CEX.
legendary
Activity: 2758
Merit: 1004
Buzz App - Spin wheel, farm rewards
both types of exchanges have advantages and disadvantages, however, I think in terms of profit, people will most likely choose CEX, moreover nowadays popular CEX like binance, or kucoin can bring a coin to the attention, and increase its price high. things like that will have no effect if the coin is only listed on the DEX. however, personally, I use both. I think DEX tends to be easier to use and simpler. it all depends on your needs.
newbie
Activity: 98
Merit: 0
Good evening Ladies and Gentle,
As an emerging cryptocurrency, which platform is the best to list on for the benefit of both developers and investors?

I'm not a developer and don't know what developers are looking out for. But for investors I'll go with CEX. Though CEX could have a high listing fee but when a project is listed on a good centralised exchange, the liquidity tends to increase and trading fees are cheaper and investors would have the opportunity to earn more from the project.
legendary
Activity: 1918
Merit: 1122
Leading Crypto Sports Betting & Casino Platform
Decentralized Exchange  is safe for every one and it can be use without kyc verification and trade largest amount within any worried. but if we going to use Centralized Exchange then must of the Exchange ask kyc documents for deposit and withdraw big amount. so i like Decentralized  Exchange every time
sr. member
Activity: 1722
Merit: 269
Good evening Ladies and Gentle,
As an emerging cryptocurrency, which platform is the best to list on for the benefit of both developers and investors?

I think there was a huge change regarding new crypto projects and their availability after launch. I still remember back in 2018 and 2019 and before of course, that new crypto projects had to pay really big amounts of money in order to get listed on "good" exchanges like Binance, Huobi, Kucoin and so on. So those big exchanges really had a lot of power back in the day. Once the whole Defi trend started and the first real Dexes like Uniswap and pancakeswap were created this all changed. Now all that a new projects needs to do is provide liquidity for their trading pair so they "only" need to have a reasonable amount of stable coins or ETH or BNB to pair it with their native token in order to be listed.
jr. member
Activity: 1358
Merit: 7
Both CEX and DEX are currently important in the crypto space. It all depends on the project owner and investor. Basically, traders and investors look at Security, Cost and Profitability when handling their assets, so numerous factors come into play. In terms of trading, I consider CEX to be easier to use, though you have to take note of the withdrawal fees. However, assets held on CEX are not safe because you don't have access to the private keys, so you may loose your funds if the CEX platform folds up. For, DEX your assets are with you so you decide what happens to it, when connected to the DEX platform. You have to ensure the keys to your wallet is well kept. However, these days, you have to make sure you are interacting with the right token as well as the right DEX, since there are making fake tokens these days (https://research.checkpoint.com/2022/scammers-are-creating-new-fraudulent-crypto-tokens-and-misconfiguring-smart-contracts-to-steal-funds/). It is important to deal with poplar DEX platforms (ensure you check the correct website) like; Pancakeswap, Uniswap, etc.

Listing coins/tokens on popular CEX platforms are ways to popularize and assert the importance of the coin/token. I will prefer to invest in tokens that are listed in popular CEX like Binance - because they probably have further researched the token/coin. But not a guarantee as we have witnessed in the LUNA/UST case.
full member
Activity: 952
Merit: 108
1xBit recovered their reputation
Decentralised exchanges are only at the beginning of their development, so they are still less convenient than centralised exchanges. Many functions have not yet been done on the DEX, such as margin trading. There are also problems with liquidity and exchanges between different blockchains. That is why most use CEX. Until the same features are done on DEX as on CEX, it will be less popular.

Using a decentralized exchange requires more operations and techniques than a centralized exchange, in addition, the issue of transaction fees is also a big problem with today's DEXs.
CEX exchange is still much more convenient and fast, you can buy and sell most tokens in the market with a few simple steps, not as complicated as individual DEX exchanges for each blockchain network.
sr. member
Activity: 2044
Merit: 314
Vave.com - Crypto Casino
Good evening Ladies and Gentle,
As an emerging cryptocurrency, which platform is the best to list on for the benefit of both developers and investors?
Some project can perfectly work in both option, but if you want to focus in one exchange only then you have to choose what's the best for the platform depends on the services you are offering. Both have their own pros and cons. Actually investors doesn't focus on the exchanges itself, they focus more on the service you are going to offer because investors know how to diversify, if a good token is listed on DEX, then they will buy that and if the one is listed on the CEX, they will also buy that because its the trend and they see true potential on that project. So better to focus on the project itself, have a good way to introduce that project in the market and for sure whatever exchanges you are going to list, you can still get investors to trust the project.
sr. member
Activity: 1876
Merit: 259
Projects that are still developing, it's a good idea to register with both of them, although they don't have to be listed in a large CEX, at least investors believe that the project is serious about the project, because if it's only listed on the dex, the volume and investor confidence will decrease because many projects fail in the middle of the road.
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