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Topic: Centralized Exchange And Decentralized Exchange (Read 435 times)

sr. member
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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
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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
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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
Vave.com - Crypto Casino
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
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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
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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
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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: 1330
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
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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.
hero member
Activity: 3164
Merit: 675
www.Crypto.Games: Multiple coins, multiple games
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.
jr. member
Activity: 840
Merit: 6
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.
sr. member
Activity: 1638
Merit: 255
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.
hero member
Activity: 826
Merit: 583
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.
sr. member
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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.
hero member
Activity: 2268
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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...
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.
legendary
Activity: 3108
Merit: 1029
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.
full member
Activity: 2044
Merit: 109
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
hero member
Activity: 3066
Merit: 536
Leading Crypto Sports Betting & Casino Platform
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.
full member
Activity: 548
Merit: 168
Play Bitcoin PVP Prediction Game
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.
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
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.
legendary
Activity: 2044
Merit: 1018
Not your keys, not your coins!
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.
legendary
Activity: 1820
Merit: 1207
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.

Quote
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.
sr. member
Activity: 1400
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Fully Regulated Crypto Casino
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.
legendary
Activity: 2240
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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...
legendary
Activity: 1512
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Leading Crypto Sports Betting & Casino Platform
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.
hero member
Activity: 2702
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I don't request loans~
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.
sr. member
Activity: 733
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casinosblockchain.io
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.
jr. member
Activity: 1876
Merit: 5
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.
hero member
Activity: 1960
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Leading Crypto Sports Betting & Casino Platform
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.
hero member
Activity: 3038
Merit: 617

While there are more pros to DEX, there are fewer people using DEX.

We can compare all these to the list of dex and exchanges with just its volume.
CEX https://coinmarketcap.com/rankings/exchanges/ 
DEX https://coinmarketcap.com/rankings/exchanges/dex/

It may not just be transparency or security that are the most important for developers and investors to consider in trading and investing but the popularity of the project that will result in a high value. Many of the developers will prefer thier tokens to be listed on CEX like Binance which traders/investors are also going.
sr. member
Activity: 1176
Merit: 252
The type of exchange you feel more comfortable with. Both have advantages and disavantages

Centralized exchange
Pros
1. High liquidity
2. Low trading fees

Cons
1. Can block user funds and demand for KYC
2. Some have very high listing fees
3. High withdrawal fees for some asses
4. Users could easily lose money if the exchange shuts down

Decentralized changes
Pros
1. Users have control of their funds
2. No KYC
3. No exaggerated withdrawal fees
4. No listing fees

Cons
1. Low liquidity and trading volumes
2. High trading fees due to high chain gas fees

Add a little opinion, DEX is more transparent than CEX. because sometimes in a centralized exchange there is a lot of fake trading volume, especially in some unpopular exchanges. It is different from DEX, whose trading volume can be monitored for authenticity.
full member
Activity: 785
Merit: 105
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?
A good product from a developer will always attract potential investors, and it must be really useful and not through hype. And different exchanges should also be considered as a tool to see if users can easily access them, if only looking at the quality of ex to find opportunities, I find it very hype.
I see nowadays most projects are easily accessible to different exchanges, so if there is no good product, listing and pumping is only a short-term trend.
hero member
Activity: 1414
Merit: 542
I think it's all about KYC and liquidity. Obviously, CEX will ask for you to do a KYC, but they have liquidity.

On the other hand, DEX, no documents to produce, pure P2P, and you have control of your coins as you have the PK.

So it's really just a matter of which one you prefer, and it's really very difficult to pick I would say. Others wanted to protect their privacy, but it's very very hard to trade on DEX.
sr. member
Activity: 672
Merit: 273
For the benefit of developers?
Can you develop a centralised exchange on an open source code? I am not a pro, asking to know.

Generally, I am always comfortable with a project when I know that it isn't controlled by an individual or a group of people. I feel safer when it's decentralized.
We are thinking in the same direction, I believe most investors will prefer a decentralized platform since it shows some level of trust and also points to the fact that nobody will be.in control of your investment and they're not held by third parties, both centralized and decentralized exchanges offer similar services but then the decentralized exchange will still witness higher patronage
copper member
Activity: 2114
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฿itcoin for all, All for ฿itcoin.
The type of exchange you feel more comfortable with. Both have advantages and disavantages

Centralized exchange
Pros
1. High liquidity
2. Low trading fees

Cons
1. Can block user funds and demand for KYC
2. Some have very high listing fees
3. High withdrawal fees for some asses
4. Users could easily lose money if the exchange shuts down

Decentralized changes
Pros
1. Users have control of their funds
2. No KYC
3. No exaggerated withdrawal fees
4. No listing fees

Cons
1. Low liquidity and trading volumes
2. High trading fees due to high chain gas fees
sr. member
Activity: 1554
Merit: 413
As an emerging cryptocurrency,
I thought you're also a dev that recently launched a token but the doesn't seem to be the case.

Quote
which platform is the best to list on for the benefit of both developers and investors?
You can list tokens on different "decentralized" exchanges without paying for listing fee unlike on many centralized exchanges. The problem is the trading fees as jackg mentioned but it shouldn't be a big problem on networks like BNB Chain and other Ethereum alternatives.
copper member
Activity: 2856
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https://bit.ly/387FXHi lightning theory
Dexes are generally preferred for information about a project because they're more transparent and trackable (there have been allegations some centralised exchanges manipulate information on the volumes of coins traded).

Dexes have higher trading fees thougb when compared with cexes so it's best to list on as many places as possible (especially if it's developed to be used on ethereum).
hero member
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BTC, a coin of today and tomorrow.
For the benefit of developers?
Can you develop a centralised exchange on an open source code? I am not a pro, asking to know.

Generally, I am always comfortable with a project when I know that it isn't controlled by an individual or a group of people. I feel safer when it's decentralized.
newbie
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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?
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