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Topic: Centralized or Decentralized, which is the right choice for Crypto Exchanges? (Read 180 times)

sr. member
Activity: 448
Merit: 281
Centralized or Decentralized has been a question that continues to be asked as we see greater scrutiny on crypto exchanges from the public and government regulators.

https://forexmarketslive.com/centralized-or-decentralized-which-is-the-right-choice-for-crypto-exchanges/
I do not really understand how decentralized exchanges make money aside from listing. I mean I understand they ask for a lot of money for putting new coins there from the coin team (except the big ones of course) but aside from that what is there to make money ? If they are taking fee's for trading how decentralized could it be ?

I understand dex is much more secure in trust aspect considering you are holding your coins but honestly it comes with the problem that you need to have a ledger or get the wallet or something for the coin you want to trade.

I would rather use the current centralized ones because it really gives me the freedom to be lazy and just put my money there and do whatever I want with it there without putting much work on me. Either you will have more secure website that makes you work more or you are going to have security trouble possibilities but won't work too much for trading.
full member
Activity: 420
Merit: 102
I will chooce decentralized exchange if this exchange has the same feature, same trading fee and the same trading volume with centralized exchange. Currently i found all decentralized exchange does not have feature of stop limit that we can use for stop loss, and this others my reason why i prefer to use centralized exchange than decentralized.
member
Activity: 227
Merit: 10
Go for DEXs rather on centralized one that you wouldn't know who you involved with or should I say it's somehow manipulative kind of exchange. DEXs has more future in the crypto world and far it will overcome any CEXs in no time, mind me.
sr. member
Activity: 644
Merit: 261
For now all exchange that i used is centralized , i been use this exchange since acouple years and untill now i never get any problem.  I know some centralized exchange was hacked but i have seen also decentralized exchange of Etherdelta been hacked too about 1 years ago, and also Bancor decentralized exchange also hacked a few month ago. 

Whether it's centralized or decentralized, one should always be careful when accessing those exchanges. There are so many phishers out there and when you think that you are already safe and be lax when doing trading or when you go to their site when searching google then you should carefully scrutinize if that is the right site. You should bookmark it always so that the next time you visit it, you don't need to search for it.

To minimize the risk of exchange is we should be use more than 1 exchanges. I hope decentralized and centralized exchange increase the level of security so no more hack in crypto exchanges.

Aside from using more than one exchange, you should also put only your funds in an exchange if you need it to be there always and take advantage of the opportunity of fluctuation. Otherwise if you are a long-term investor of the coin which may take years before you sell it then put it in your wallet wherein you are the only one who can access it. Being it there in the exchange has the higher risk of being hacked.
member
Activity: 476
Merit: 10
For now all exchange that i used is centralized , i been use this exchange since acouple years and untill now i never get any problem.  I know some centralized exchange was hacked but i have seen also decentralized exchange of Etherdelta been hacked too about 1 years ago, and also Bancor decentralized exchange also hacked a few month ago.  To minimize the risk of exchange is we should be use more than 1 exchanges. I hope decentralized and centralized exchange increase the level of security so no more hack in crypto exchanges.
sr. member
Activity: 630
Merit: 250
It's depends but both are good types of exchanges and they both have there own reputation in markets like in decentralized idex.market is best exchange and oldest decentralized etherdelta.com is not good as them in current market.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
I would say that both the types of exchanges have their own advantages and disadvantages. There is undoubtedly more security in a decentralized exchange but lack of volume can be an issue. Centralized exchanges can be hacked and if hacked can result in a greater loss for us. Centralized exchanges can easily manipulate the price of all the coins but a decentralized exchange is a tough place for price manipulation. If a choice had been given to me among the two, I would go for a centralized exchange which has a better brand name and a good team whom we can trust.
hero member
Activity: 1498
Merit: 507
Not your Keys, not your Bitcoin
Centralised exchanges are reduce the risk of trading but decentralised exchanges are more profitable and little risky one so peoples are choose the decentralised exchanges. My self I always supporting to centralised exchanges because promising platform is required on any platform so we should choose centralised crypto exchanges.
legendary
Activity: 3122
Merit: 1398
For support ➡️ help.bc.game

I really don't like the idea of strict policies and terms that a centralized exchange is implementing but on a positive note, it's a must since we are not talking about cents here. Centralized exchanges are really good but the problem is, some exchanges are still shit in terms of service e.g hacked, breached, scam, unreflected balanced, missing deposits, poor customer support etc.

Decentralized exchange on the other hand is really a must used. In the first place, we are here in crypto so it obviously we need a decentralized exchanged. But the problem is, low volume at most of the cases even for a hype coin.

If only those lacking in both centralized and decentralized will somehow be changed then both will surely gave an advantage to us.
member
Activity: 406
Merit: 11
In my opinion, centralized exchanger is better than decentralized because the centralized have a good circulation and supported by owner coin/token. Different with decentralized, it's uncontrolled and have a many risks.
full member
Activity: 574
Merit: 102
https://adonx.one
Each has some advantages and disadvantages, for decentralized exchange offer better security because we own the private key so we have full control with our money. But decentralized exchanges has high trading fee, low trading volume and less features. Mostly trader chooced centralized exchanges because offer lowest trading fee, high liquidity and some more features like trading contest, airdrop program, trigger order etc.
legendary
Activity: 3234
Merit: 1130
Leading Crypto Sports Betting & Casino Platform
This is a very important question, I am of the opinion that the exchange should be centralized and must be regulated by the governments and must be inspected periodically by the governments. Why I think so? Because the exchange moves a lot of money from other people. There are thousands of people who put a lot of money into an exchange, so it makes sense to demand that all exchange have a physical office so that people can complain when they have a problem. The exchange must have a phone number so people can complain when they have problems. the exchanges must have enough staff to guarantee a good customer service.
member
Activity: 280
Merit: 41
Decentralized is "better" on paper, but the issue is volume. The 2 most important things in an exchange are volume and security. Unfortunately, all of the DEXs we have today are severely lacking in volume (and even security, just look at the whole etherdelta fiasco).

For the common person, decentralized exchanges may be the way to go in the future (given that volume rises), but for the big players such as institutions, hedge funds, etc, legality is SUPER important so they will go through a centralized exchange. KYC/AML might be a deal breaker for you, but for institutions it is a MUST to meet compliance standards
jr. member
Activity: 223
Merit: 1
If it's not decentralized we may as well go trade stocks.  The most important thing with cyrpto is decentralization and being anonymous.  Else we may as well use fiat and stock trading.  It seems most people want to give up their freedom by participating in KYC and Centralized exchanges. 
jr. member
Activity: 168
Merit: 2
The future of decentralized versus centralized exchanges remains dynamic, and the advent of potential hybrid exchanges emerging for cryptocurrencies as blockchain technology is developed and is distributed may gain enthusiasts.

And the debate will continue to burn within cryptocurrency communities, and will certainly evolve as ‘big players’ vie for market share and the masses embrace the freedom to trade and use digital assets.
copper member
Activity: 2940
Merit: 4101
Top Crypto Casino
DEXs will be a lot more used in 2 or 3 years. Currently, people don't see the advantages over the centralized ones or find difficult to use. There is the problem to trust as well to consider as people have more trust in centralized exchanges (tinking wrongly their coins/money is safe or insured)
Since cryptocurrencies are decentralized currencies it makes sense to use decentralized exchanges, otherwise it's useless to use decentralized currencies
newbie
Activity: 100
Merit: 0
Centralized or Decentralized has been a question that continues to be asked as we see greater scrutiny on crypto exchanges from the public and government regulators.

https://forexmarketslive.com/centralized-or-decentralized-which-is-the-right-choice-for-crypto-exchanges/
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