Centralized Exchange And Decentralized Exchange - page 2.

justdimin

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Quote from: sayaya17 on August 05, 2022, 03:04:47 AM

Centralized exchange and Decentralized exchange have advantages and disadvantages. So it depends on us as users, I think both are needed in the crypto world. For developers, it seems that a decentralized exchange is more appropriate, because high listing fees are not applied.
So it's easier for developers to register new projects on decentralized exchanges. Then for investors or traders, it seems that centralized exchanges are much better, because there are many choices of quality projects. And usually have low trading fees and high liquidity, so daily trading on centralized exchanges is much more profitable. For now I am more comfortable using centralized exchanges than decentralized exchanges.

The part that says we need both of them are the only thing that matters here. Both have their ups and downs like you said, which means that if we end up not caring about the results of just one, then we are going to be stuck with the other. So, it is better to focus on the thing we already have which is best of both worlds.

If you need to use a DEX then use one, and if you need to use CEX then use one and it will help you out in the long run to go on like that. I use metamask and pancakeswap and uniswap along with how I use coinbase and binance all at the same time and have money in all of them. Because, what I need at that moment matters to me and it could be different stuff.

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Quote from: Nyben on August 03, 2022, 01:20:52 PM

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?

You need both but when picking a DEX or CEX you need to make sure it isn't a scam. Also, if you list on a DEX, you will likely need to add a lot of liquidity for traders, which will require an ICO. If you list on a CEX you will need to pay a listing fee of up to 1 million dollars, which will require an ICO. These days, unfortunately, if you want your project to succeed, you need to run a scammy ICO to bribe the exchanges. This is why I am bullish on order book based DEXs like Saturn and Trade Spin. Order book based DEXs without listing fees would be a great boon to independent trustworthy projects like 0xMR that don't want to take funds from the public and didn't hold an ICO. NEAR protocol has an order book based DEX and I think there are some on Polygon and zkSync too. DeFi should launch on ICP later this year and I anticipate they will launch an order book based DEX there as well. Only fast scalable chains are capable of running order book based DEXs and that's why you don't see them anymore on Ethereum.

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Quote from: Nyben on August 03, 2022, 01:20:52 PM

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?

Centralized exchange and Decentralized exchange have advantages and disadvantages. So it depends on us as users, I think both are needed
in the crypto world. For developers, it seems that a decentralized exchange is more appropriate, because high listing fees are not applied.
So it's easier for developers to register new projects on decentralized exchanges. Then for investors or traders, it seems that centralized exchanges
are much better, because there are many choices of quality projects. And usually have low trading fees and high liquidity, so daily trading on
centralized exchanges is much more profitable. For now I am more comfortable using centralized exchanges than decentralized exchanges.

Pandu Geddon

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Quote from: jrrsparkles on August 05, 2022, 01:21:26 AM

Quote from: Nyben on August 03, 2022, 01:20:52 PM

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?

To list then decentralized exchanges are the easiest one because literally you no need to go through any process and fees but to list a project in centralized exchange then you need to meet lot of criteria and have to wait along with huge listing fee so its either one or another.

some Cex exchanges have rules that will indeed prevent all new tokens from being listed. this is good so as not to make shitcoins or scam tokens easily registered and traded on the CEX exchange.
even though the DEX exchange is easier to access, I don't think we have any control over seeing so many scam tokens there. even tokens that are suddenly in our wallets can also be traded on the DEX exchange. this is risky for new users.

jrrsparkles

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Quote from: Nyben on August 03, 2022, 01:20:52 PM

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?

To list then decentralized exchanges are the easiest one because literally you no need to go through any process and fees but to list a project in centralized exchange then you need to meet lot of criteria and have to wait along with huge listing fee so its either one or another.

posi

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Quote from: hd49728 on August 04, 2022, 08:47:44 AM

Quote from: trendcoin on August 04, 2022, 02:11:09 AM

As a user, I prefer decentralized exchanges, but decentralized exchanges will not be easy for you to constantly generate volume. Your wallet movements can give you away. You can't washtrade. But you will not have such problems in centralized exchanges. You can easily do any kind of backdoor job. To reiterate, I as a user prefer decentralized exchanges...

Decentralized exchanges give you more freedom. You own keys of your coins but with decentralized exchanges, scams are more common with rug pulls. Scam teams can raise funds, add liquidity on DEX, and after they sell their team token, they make rug pulls to exit. You can not find them and your token will have zero value after a rug pull.

For centralized exchanges, you can have better trading volume and less risk of rug pull. However, one of worst things on centralized exchanges is you don't own keys of your coin. If a CEX exits, you lose your coin too.

DEX: rug pull.
CEX: scam exit.

And on CEX, you might lose your personal documents from KYC too.

No one is perfect here, both have their advantages and disadvantages, and neither is perfect in every aspect. In the end, it's up to each investor's choice.

If you like fast, simple, then CEX is the choice, if you like anonymity, and don't want to give your assets to others to hold, then DEX is the choice.

All come with risks and it's up to your needs to make the right choice. I always use both.

makishart

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It's better if you are going to the centralized exchange site first and know how market works. You shall not rush to go to the decentralized exchange site. I think that going to the cex was good as long as this cex is a big cex. Listed in a small cex for the first listing is not an appropriate choice caused by so many projects have been experienced the worst thing like zero volume nor getting scammed by the exchange site itself. You must be careful with it.

antsam

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For me personally both are good, because Centralized Exchange And Decentralized Exchange complement each other. It depends on our purpose for using it. Centralized Exchange more features provided which is advantageous for us

X-ray

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You can try to list on both if you can. It's better starting from the decentralized exchange site as this will not charge you any money and then you can go to the centralized exchange site. I know that some people may have bad concern about both but to be honest i rarely heard that problem happened with centralized exchange site rather than decentralized exchange site. That will give benefit for both investors and developers. How crowded your pair will depend on so many factors.
It's also difficult to get huge volume in cex as well. It's better if you are trying with the dex first rather than cex. Any exchange platforms have benefit for the developers and investors as long as the developers can be trusted.

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Quote from: shinratensei_ on August 04, 2022, 04:39:39 PM

at the end of the day, everyone gonna use the centralized exchange since that's where the volumes are. the new coins are using dex because that's the only thing that's easy to get listed since these new coins usually have low volume.
but if they have the chance to get in the centralized exchange they'd definitely take the chance since most of the traders are there, and that's where the big trading volumes are.

adoption will push us to use centralizes exchanges, we could not avoid it anymore in future. Soon or later this is the place we will convert or crypto into fiat and vice versa. There is no bad thing from centralized exchanges as long as they could give us guarantee our money back when hacking case happen again. Decentralized exchange will loss its rules when most government issue their policy about crypto market.

shinratensei_

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at the end of the day, everyone gonna use the centralized exchange since that's where the volumes are. the new coins are using dex because that's the only thing that's easy to get listed since these new coins usually have low volume.
but if they have the chance to get in the centralized exchange they'd definitely take the chance since most of the traders are there, and that's where the big trading volumes are.

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Quote from: trendcoin on August 04, 2022, 02:11:09 AM

As a user, I prefer decentralized exchanges, but decentralized exchanges will not be easy for you to constantly generate volume. Your wallet movements can give you away. You can't washtrade. But you will not have such problems in centralized exchanges. You can easily do any kind of backdoor job. To reiterate, I as a user prefer decentralized exchanges...

Decentralized exchanges give you more freedom. You own keys of your coins but with decentralized exchanges, scams are more common with rug pulls. Scam teams can raise funds, add liquidity on DEX, and after they sell their team token, they make rug pulls to exit. You can not find them and your token will have zero value after a rug pull.

For centralized exchanges, you can have better trading volume and less risk of rug pull. However, one of worst things on centralized exchanges is you don't own keys of your coin. If a CEX exits, you lose your coin too.

DEX: rug pull.
CEX: scam exit.

And on CEX, you might lose your personal documents from KYC too.

Jawhead999

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Binance for investors, learn about Dexswap for developers. To save money will be safer in a central exchange. So far, Binance is the best, very suitable for investors who really want to keep assets ready to invest.

It's good to save more money since they charge less fees than decentralized exchange, but centralized exchange is never a safe place to hold your coins. Actually centralized exchange is the worst place to hold your coins including Binance or other top exchange.

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while dexswap is a simple exchange but vulnerable to security, here we have to be careful with what is connected to our wallet, because it could be a virus to gain access to the wallet.

Not all DEX is actually DEX, I'd say those DEX which run beside BTC network is still centralized since it can be hacked.

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Ideally, decentralized exchange should be popular among the people who like the decentralized stuff (crypto community), but decentralized exchange also means high gas fee, less promotion and bonuses, and this makes less people want to use decentralize exchange, which led to the other problem which is low volumes. So, if there is a solution for high gas fee it could solve half of the problem of decentralized exchange.

I personally mainly use Binance and Indodax (Indonesian Exchange), the only dex I used is PancakeSwap and thats like once in a month or two.

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As a user, I prefer decentralized exchanges, but decentralized exchanges will not be easy for you to constantly generate volume. Your wallet movements can give you away. You can't washtrade. But you will not have such problems in centralized exchanges. You can easily do any kind of backdoor job. To reiterate, I as a user prefer decentralized exchanges...

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Quote from: Nyben on August 03, 2022, 01:20:52 PM

As an emerging cryptocurrency, which platform is the best to list on for the benefit of both developers and investors?

You will have an official noncustodial wallet or probably your coin is built on existing blockchain like ethereum blockchain, I think that is what that most matters. You can first list your coin on a decentralized exchange, but later, for more adoption, you will also have to list it on centralized exchanges. There have been many successful projects like that.

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DEX would probably win in a general consensus since the release is open to the public, letting users themselves judge whether the exchange is worth it or not. Just that Centralized exchanges would probably offer a lot more QOL at the cost ofc of some things, such as KYC, which I think a LOT of people don't mind, or regardless if they DO mind, they'd still use it just because it'd probably be a lot easier on their part compared to using DEX. There's also the issue of fees which vary so take that into consideration as well when picking between two.

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Quote from: Nyben on August 03, 2022, 01:20:52 PM

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?

Centralized exchanges still dominate the market, for example a token listed on binance would be a potential token and its future is highly appreciated.

Decentralized exchanges are the solution for those who don't like centralization but it is not yet popular because it is more difficult to use and risky for inexperienced investors.

bonyaserg

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From my personal experience, I can say that a decentralized exchange is better for me. And I can also say that a decentralized exchange is more in demand among many investors and also for a new cryptocurrency that will have a listing on a decentralized exchange. The decentralized exchange is very user-friendly.

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It is not dependent on the centralized or decentralized exchange, but rather it is dependent on the reputation of the exchange on which the project is listed. If it is listed on the top exchanges, there is no doubt that it will prove to be a very promising project .

Nowadays, people tend to use centralized exchange more instead of DEX, CEX in my opinion is simple, easy to use and transaction fee is said to be much cheaper than DEX, but the problem with CEX is that we don't own our assets at all.

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