Centralized exchanger or Decentralized exchanger?

ikicha

full member

Activity: 788

Merit: 100

Quote from: jackolinyoko on February 24, 2018, 12:08:21 PM

Quote from: ikicha on February 17, 2018, 07:11:09 AM

What do you prefer :

Centralized exchanger like Bittrex,Poloniex, Binance,Kucoin and others
Or
Decentralized exchanger like Etherdelta, Idex, cryptobridge, and others

In my opinion, decentralized exchanger like Etherdelta is very high fees and very slow site load. But, it is safe for trading because you traded peer-to-peer.
Centralized exchanger is high potential scam with Hacked reason

Give me your oppinion

*Sorry for bad English

Adzino Oppinion

Quote from: adzino on February 23, 2018, 02:33:28 PM

Decentralized exchange is what we need for crypto currency trading since decentralization is the key feature of most of the crypto currencies. If the exchange is centralized, then it is more like storing and using your FIAT bank accounts. People use crypto currencies to avoid bank, then why would someone use centralized exchange?

Main point is : We use cryptocurrency because we hate Centralized, but why we use Centralized Exchanger to save money? Why we use centralized to store decentralized money?

Top Cryptomarket Volume :
1. bitMEX ( Centralized Exchange )
2. Binance ( Centralized Exchange )
3. Okex ( Centralized Exchange )
4. Upbit ( Centralized Exchange )
5. Huobi ( Centralized Exchange )
6. Bitfinex ( Centralized Exchange )

PEOPLE USING CENTRALIZED EXCHANGE TO SAVE DECENTRALIZED MONEY, SO FUNNY

People are using centralized exchanges because decentralized exchanges is not being run by anyone,it means if the exchange has problems there will be no one to fix it,unlike to centralized exchanges there will people who can fix those system problems that occured in the exchanges,we need real people for the security of the exchange.

Realistic answer
Maybe for future, we need Decentralized exchanger to save coin and for trading ( peer to peer ). And someone can fix if exchanger had a problem. Maybe opensoure code? Or anything idea

nata777

full member

Activity: 336

Merit: 100

For ordinary people, of course, the best decentralized exchanges as there is less risk of losing money, but they are very uncomfortable because people choose centralized because they are comfortable and volume in them hundreds of times larger

lutcor

jr. member

Activity: 448

Merit: 1

I think that everyone has already understood that centralized exchanges will not be able to survive in the next few years, after decentralized exchanges appear, because now there are a lot of rumors that the exchanges are forming fake bitcoins in their purses, which are displayed on the charts.

jackolinyoko

member

Activity: 204

Merit: 10

Quote from: ikicha on February 17, 2018, 07:11:09 AM

What do you prefer :

Centralized exchanger like Bittrex,Poloniex, Binance,Kucoin and others
Or
Decentralized exchanger like Etherdelta, Idex, cryptobridge, and others

In my opinion, decentralized exchanger like Etherdelta is very high fees and very slow site load. But, it is safe for trading because you traded peer-to-peer.
Centralized exchanger is high potential scam with Hacked reason

Give me your oppinion

*Sorry for bad English

Adzino Oppinion

Quote from: adzino on February 23, 2018, 02:33:28 PM

Decentralized exchange is what we need for crypto currency trading since decentralization is the key feature of most of the crypto currencies. If the exchange is centralized, then it is more like storing and using your FIAT bank accounts. People use crypto currencies to avoid bank, then why would someone use centralized exchange?

Main point is : We use cryptocurrency because we hate Centralized, but why we use Centralized Exchanger to save money? Why we use centralized to store decentralized money?

Top Cryptomarket Volume :
1. bitMEX ( Centralized Exchange )
2. Binance ( Centralized Exchange )
3. Okex ( Centralized Exchange )
4. Upbit ( Centralized Exchange )
5. Huobi ( Centralized Exchange )
6. Bitfinex ( Centralized Exchange )

PEOPLE USING CENTRALIZED EXCHANGE TO SAVE DECENTRALIZED MONEY, SO FUNNY

People are using centralized exchanges because decentralized exchanges is not being run by anyone,it means if the exchange has problems there will be no one to fix it,unlike to centralized exchanges there will people who can fix those system problems that occured in the exchanges,we need real people for the security of the exchange.

Lindell

jr. member

Activity: 518

Merit: 1

Quote from: bandar on February 17, 2018, 09:58:26 AM

I like the idea of decentralised exchanges but for the moment they don't work well. There are just too much coins on them and they work too slow. Add to that that the volumes are often quite low and as a result they aren't been taken serious. I hope that in the near future there will be good decentralised exchanges where you can trade freely. They need to work on their user interfaces though. I wonder how the comparison is between the two when it comes to security issues.

I prefer decentralized exchange like Eidoo because of its hybrid security level system, it said Eidoo exchange combines positive features of both centralized and decentralized exchanges, https://medium.com/eidoo/eidoo-exchange-to-solve-scalability-and-security-b107ecfa62f3
First part ready in less than a month with trading between ETH vs ERC20 tokens and decentralized (ready for the end of Q3 with trading vs BTC).
Centralized exchange is vulnerable in hacking attack- can be violated by third parties and often has technical problem.

lobo13hf

hero member

Activity: 2268

Merit: 507

Quote from: adzino on February 23, 2018, 02:33:28 PM

Decentralized exchange is what we need for crypto currency trading since decentralization is the key feature of most of the crypto currencies. If the exchange is centralized, then it is more like storing and using your FIAT bank accounts. People use crypto currencies to avoid bank, then why would someone use centralized exchange?

Not sure about that, the fact that all of the money goes to the crypto through use centralized system such as bank and wire transaction or even debit card transaction to buy some cryptos. Not all of people are trying to avoid centralized system because crypto still pegged with centralized system at least you can see the fact about how centralized exchange still become a trend rather than decentralized exchange site itself.

ikicha

full member

Activity: 788

Merit: 100

Quote from: adzino on February 23, 2018, 02:33:28 PM

Decentralized exchange is what we need for crypto currency trading since decentralization is the key feature of most of the crypto currencies. If the exchange is centralized, then it is more like storing and using your FIAT bank accounts. People use crypto currencies to avoid bank, then why would someone use centralized exchange?

OMG! Youre briliant thinking bro!
We use cryptocurrency because we hate Bank (Centralized), and... why?
Why we use Centralized Exchange??
We store your Billion Money to central like a central bank.

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

Decentralized exchange is what we need for crypto currency trading since decentralization is the key feature of most of the crypto currencies. If the exchange is centralized, then it is more like storing and using your FIAT bank accounts. People use crypto currencies to avoid bank, then why would someone use centralized exchange?

george_crypto

full member

Activity: 406

Merit: 102

Quote from: TheAlchemist on February 23, 2018, 01:43:13 PM

Decentralized exchanges are not yet very popular. There is not a large volume of sales, so a large order to buy or sell immediately shows + - to the price. And this is not entirely true. I try not to keep money on centralized exchanges for a long time. Because I do not own them. They are somewhere on exchange. And even there is no evidence that they were mine. No contract or anything else.

Those are good points. Many negative sides on centralized side. But that liquidity thing is huge. It is hard to trade large volume on decentralized ones without huge price fluctuations.

TheAlchemist

full member

Activity: 265

Merit: 100

Decentralized exchanges are not yet very popular. There is not a large volume of sales, so a large order to buy or sell immediately shows + - to the price. And this is not entirely true. I try not to keep money on centralized exchanges for a long time. Because I do not own them. They are somewhere on exchange. And even there is no evidence that they were mine. No contract or anything else.

Svelto

sr. member

Activity: 686

Merit: 257

I will prefer to trade in decentralised exchanges too, because I don’t have to worry about exchanges closing down and run away with my money. Unfortunately, the volume and interface of decentralised exchanges are not as good as centralised exchanges.

ikicha

full member

Activity: 788

Merit: 100

Quote from: Scallywag on February 19, 2018, 11:02:14 PM

i think the future is in decentralized exchanges , but there are to many problems right now with it . but the best scenario would be decentralized or else we need heavily regulated centralized exchanges. but i think we won't see good decentralized exchanges in the near future.

Yeah i think the big problem is, Higher Fees and Slow transaction.
You can try etherdelta, very long transaction because we are waiting next block confirm to trade, this is boring

debuni

legendary

Activity: 1162

Merit: 1002

Quote from: ikicha on February 17, 2018, 07:11:09 AM

What do you prefer :

Centralized exchanger like Bittrex,Poloniex, Binance,Kucoin and others
Or
Decentralized exchanger like Etherdelta, Idex, cryptobridge, and others

In my opinion, decentralized exchanger like Etherdelta is very high fees and very slow site load. But, it is safe for trading because you traded peer-to-peer.
Centralized exchanger is high potential scam with Hacked reason

Give me your oppinion

*Sorry for bad English

I prefer decentralized exchanges because centralized are getting regulated and forced to send transaction details to authorities.

There is a rumor that EU will accept a crypto law in 2018, forcing all exchanges to auto-send details about all trades and keep a register of all crypto-traders. Those problems are eliminated in decentralized exchanges.

elwiswoodie

member

Activity: 378

Merit: 16

Quote from: ikicha on February 17, 2018, 07:11:09 AM

What do you prefer :

Centralized exchanger like Bittrex,Poloniex, Binance,Kucoin and others
Or
Decentralized exchanger like Etherdelta, Idex, cryptobridge, and others

In my opinion, decentralized exchanger like Etherdelta is very high fees and very slow site load. But, it is safe for trading because you traded peer-to-peer.
Centralized exchanger is high potential scam with Hacked reason

Give me your oppinion

*Sorry for bad English

for a popular exchanger, I am more recomended to centralized like Bittrex, Binance and HitBTC.
ccentralized exchangers dominate the market more than decentralized exchangers
but in terms of transparency, decentralized exchangers like EtherDelta are more transparent and easier to use

Sundark

hero member

Activity: 560

Merit: 502

I suppose that we should choose decentralized exchange system bcz it is more reliable and secure. But you should choose it due to your aims and requirements.

george_crypto

full member

Activity: 406

Merit: 102

I prefer to prefer DEX. But even some are doing pretty good with speed, there is still liquidity problem, pair problem.
They are working on these problem with different approaches. Hope they can handle.

Bambangs

member

Activity: 238

Merit: 11

I personally prefer decentralized, because for transactions may be more but more secure.
do not easily tempted by fast transactions but a scam.
the most important thing here is just what we want to be more comfortable. and do not be easily influenced by other people's persuasion

jatin729

full member

Activity: 812

Merit: 108

centralized exchanger is much more secure than decentralized because there is third party has right to manage the whole system where decentralized exchanger has no third party involvment there is no authority which can have right to manage the supply and price of commodity listed over it.

for example. - I am taking an example of Bombay stock exchange India which is organized by SEBI which is govt. firm.
It is centralized firm.

kiver

full member

Activity: 210

Merit: 100

personally i was preferring decentralized exchanges but there is no decentralized has exceeded my expectation yet and after what happen with etherdelta and i my self lost some eth in the attack but i am going with cetralized exchanges more and more like bittrex after they solved my problem and upgraded my account to enhanced account i didn't any harm from them untill now

Newboybb

member

Activity: 266

Merit: 10

Decentralized exchanger is the trend of the future, because with national regulation, the Centralized exchanger could face all sorts of problems.
But have to say, Centralized exchanger user experience better, because of the official has customer service.

Topic: Centralized exchanger or Decentralized exchanger? (Read 468 times)