Topic: Centralized vs Decentralized Exchanges - Which ones are better? (Read 712 times)
Centralized exchanges because they have more trading features, and makert volumes
January 13, 2019, 05:53:25 AM
This question appears to me like asking "Which is better between bread and rice?". Every individual will have his preference based on experience and reviews by other users. This is not to say that each type of exchange does not have it's own shortcomings. The question then becomes "Which of these disadvantages can I live with?".
I personally prefer to use centralized exchanges because they are easy to use and support team is readily available. I don't exactly like using decentralized exchanges because of disclosure of private keys.
I personally prefer to use centralized exchanges because they are easy to use and support team is readily available. I don't exactly like using decentralized exchanges because of disclosure of private keys.
January 13, 2019, 03:52:15 AM
I don't use any Decentralized exchange because high fee of transactions and all of them does not provide feature of stop limit.
Decentralized exchange has only limited features but they are good if you do not want to comply with the KYC requirement, some believe that decentralized exchange is the future of exchange, in fact CEO and Founder of Binance are developing their own exchange which is set to launch this year. If they do not see any potential, they would not bother doing it and just focus on their very profitable trading site.
Beside that centralized exchange has more high trading volumes.
That's given as people trust more on centralized exchanges but if things will change in the future, we may see the opposite. January 13, 2019, 02:48:56 AM
I don't use any Decentralized exchange because high fee of transactions and all of them does not provide feature of stop limit. Beside that centralized exchange has more high trading volumes.
November 26, 2018, 05:00:10 PM
both have advantages and disadvantages of each, but for the long term I prefer the centralized exchange with supervision and security guarantees from the international police
so when there is suspicious activity from the owner of a centralized exchanger, the police will act according to the applicable law, and as a suggestion only, if you want to transact in large quantities, above 50k USD, then you should start being careful, don't save 50k USD in the wallet exchanger, than you regret at the end
so when there is suspicious activity from the owner of a centralized exchanger, the police will act according to the applicable law, and as a suggestion only, if you want to transact in large quantities, above 50k USD, then you should start being careful, don't save 50k USD in the wallet exchanger, than you regret at the end
November 26, 2018, 02:19:02 PM
For me the centralized exchange is the best choice. well.. even if it is a bit inconvenient like doing KYC, phone confirmation, and sometimes e-mail confirmation, but that makes them more secure from the hackers that steals an account.
November 26, 2018, 11:30:33 AM
Many investors have been facing a lot of problems in Decentralized Exchanges, on the other hand Centralized Exchange such as Binance has been doing very good over the past one year and it has reached the top position.
November 26, 2018, 12:30:18 AM
between of them have their own advantages and distadvantages.we could not compare it peer to peer.but personally i am prefer decentralized exchanes, cause it doesnt need kyc to wd my money.
November 25, 2018, 03:59:16 PM
Decentralised exchange might not have the necessary to match up with centralized exchange. But in terms of having control over ones find decentralised exchange provides that
November 25, 2018, 02:58:12 PM
Of the decentralized exchangers, I trust Idex and Forkdelta. Nobody controls the deal, all straight. The possibility of hacking is a minus.
November 17, 2018, 02:38:11 AM
Centralized exchanges combine trading volume, information about clients ' accounts, funds and positions. This is very convenient for users who can easily log into their account with an email and password, but in this case, exchanges become an attractive target for hackers who can steal funds or personal information of account holders.
Exactly. What I prefer the decentralizes exchanges is that they are not prone to government intervention normally. This helps vanish the air of uncertainty in the business and you can easily invest in the asset without having to worry a lot about the future of your assets. However there are related risks as well which hinders one’s ability to make good money. Both of these have good and bad aspects in one way or the other. 
November 16, 2018, 05:07:15 PM
It doesnt matter how many decentralized exchanges there are, Idex and Forkdelta are the only ones in which i trust, because i do not need to register and the process of buying is very fast.
All the others dont seem to be relative to me, and i think that they are not to be trusted.
Maybe it is because i am a little bit sceptical about this, but i dont know
All the others dont seem to be relative to me, and i think that they are not to be trusted.
Maybe it is because i am a little bit sceptical about this, but i dont know
More and more Decentralized Exchanges are popping up, but are they really what they are hyped up to be?
https://www.youtube.com/watch?v=d-xA7p9NbdI
I think the concept is great, but at the moment they are really hard to use because of constant downtimes especially on IDEX and EtherDelta. What are your thoughts on this?
https://www.youtube.com/watch?v=d-xA7p9NbdI
I think the concept is great, but at the moment they are really hard to use because of constant downtimes especially on IDEX and EtherDelta. What are your thoughts on this?
November 16, 2018, 01:57:42 PM
centralize means surrender your freedom for securities.
decentralize means you got all the freedom but prone to market attack.
Youre somehow right and not right because it not all decentralized exchange are prone to market attack. Besides, some centralized exchanges are also prone to market attack and the only advantage that the centralized exchange have over decentralized is that some of them offer crypto credit/debit card and fiat transaction either while decentralized usually offer crypto only transaction. decentralize means you got all the freedom but prone to market attack.
November 16, 2018, 08:45:05 AM
centralize means surrender your freedom for securities.
decentralize means you got all the freedom but prone to market attack.
decentralize means you got all the freedom but prone to market attack.
November 16, 2018, 03:11:07 AM
More and more Decentralized Exchanges are popping up, but are they really what they are hyped up to be?
https://www.youtube.com/watch?v=d-xA7p9NbdI
I think the concept is great, but at the moment they are really hard to use because of constant downtimes especially on IDEX and EtherDelta. What are your thoughts on this?
That depends on you who is making of it. If you feel that what you need is a centralized exchange then you can go for it,but remember that they are the ones that are regulated but they seem to be more safe than the ones that are decentralized. The both has their advantage and disadvantage,there are features you might find in decentralized exchange but won’t find it in centralized . https://www.youtube.com/watch?v=d-xA7p9NbdI
I think the concept is great, but at the moment they are really hard to use because of constant downtimes especially on IDEX and EtherDelta. What are your thoughts on this?
November 13, 2018, 04:38:21 AM
More and more Decentralized Exchanges are popping up, but are they really what they are hyped up to be?
https://www.youtube.com/watch?v=d-xA7p9NbdI
I think the concept is great, but at the moment they are really hard to use because of constant downtimes especially on IDEX and EtherDelta. What are your thoughts on this?
I think the reason why people don’t usually go for centralized exchanges is because they are a being regulated by the government, but decentralized are either a bit regulated or not regulated at all. So people prefer things that are not being regulated by the government, maybe cause they don’t want the government to control their and maybe they are avoiding tax or so.https://www.youtube.com/watch?v=d-xA7p9NbdI
I think the concept is great, but at the moment they are really hard to use because of constant downtimes especially on IDEX and EtherDelta. What are your thoughts on this?
I would say times are changing, and unless we get to have a decentralized exchange that is not tied to anyone or a decentralized exchange with good features and volume when it comes to liquidity, before we can start thinking of people liking Decentralized exchanges. For now, irrespective of the regulations, centralized exchange still takes the lead.
November 10, 2018, 03:40:24 AM
The decentralized exchange is far more better than centralized one and I believe that our coins are more safer in decentralized exchange trading than decentralized one. However we have already used to centralized systems and that is why traders and people are now used to centralized systems and exchange than centralized one. In reality and in future decentralized exchange will be use as a mode of exchange.
November 10, 2018, 02:36:42 AM
I am using decentralized exchanges for trading as they list coins I cannot find elsewhere. They are hacked sometimes, not user
friendly, having low volume and very bad support. Centralize exchanges are more safe ( the good ones offering refunding if hack happens ) .
Binance is opening a decentralized exchange as well, hardly waiting to see how it will look like.
Decentralization is better, because all transactions are more open, meaning they can be monitored because the server is not centralized. If centralization can occur data manipulation or prices that are very detrimental to the users. Therefore, many countries, especially developing countries, still apply centralization in everything, including trade.friendly, having low volume and very bad support. Centralize exchanges are more safe ( the good ones offering refunding if hack happens ) .
Binance is opening a decentralized exchange as well, hardly waiting to see how it will look like.
November 09, 2018, 01:59:58 AM
For decentralized exchanges with smart contracts is the future, because they are more reliable and save money in contrast to the centralized, bitter experience already exists(
November 09, 2018, 01:31:40 AM
More and more Decentralized Exchanges are popping up, but are they really what they are hyped up to be?
https://www.youtube.com/watch?v=d-xA7p9NbdI
I think the concept is great, but at the moment they are really hard to use because of constant downtimes especially on IDEX and EtherDelta. What are your thoughts on this?
I think the reason why people don’t usually go for centralized exchanges is because they are a being regulated by the government, but decentralized are either a bit regulated or not regulated at all. So people prefer things that are not being regulated by the government, maybe cause they don’t want the government to control their and maybe they are avoiding tax or so. https://www.youtube.com/watch?v=d-xA7p9NbdI
I think the concept is great, but at the moment they are really hard to use because of constant downtimes especially on IDEX and EtherDelta. What are your thoughts on this?
Jump to: