In my own opinion, decentralized exchanges are the best and better than the centralized ones.
Transparency is the rule of the day on decentralized exchange and transactions are open.
Anonymous transactions are done without any fear or doubt of tracking.
Freedom is guarantee for all and sundry....
Topic: Centralized vs Decentralized Exchanges - Which ones are better? - page 2. (Read 697 times)
November 08, 2018, 04:07:10 PM
November 08, 2018, 03:57:28 PM
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.
Regarding your point about security, I disagree with you. How many centralized exchanges have been hacked? And how many DEX? Got my point? With the decentralized, you have a full control over your coins which is not the case with others. DEXs are starting to be more popular recently and it has the demand to survive unlike what you think.
November 08, 2018, 01:06:47 PM
Decentralized of course! 
I mean the point of crypto is to be decentralized??
If this is a serious question please get more into crypto.
I mean the point of crypto is to be decentralized??
If this is a serious question please get more into crypto.
November 08, 2018, 12:58:33 PM
I mostly like Decentralized exchange. Cause in my opinion it is the best secure for our fund than centralized exchange.
November 08, 2018, 07:13:10 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 08, 2018, 05:36:02 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.
Also, recently there is a thing about some of them like Idex, making plans to turn to a hybrid exchange or thereabout by enforcing KYC. For a decentralized exchange? I really wonder!
November 06, 2018, 12:41:16 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.
October 09, 2018, 08:23:48 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.
October 09, 2018, 06:36:18 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?
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?
Well, I consider them just like a better version of centralized exchanges. I agree, the concept is good enough, but I haven't used DEXs, so I have nothing to say here. Probably, in the future, I'll try. Though at the moment, I'm satisfied with CEX (https://cex.io/), as all my favorite coins are placed there, and the payment options are fine.
October 08, 2018, 07:50:46 PM
Centralization will lead to a complete monopoly of the big players. To the same situation as now in the forex market. But centralization will also lead to the development of tools, that ensure trade security.
However, most of the successful ICO that listed on dex are meant to be dumped. They are dumping by unknown people who controls the price. When it listed on centralized exchange, price goes upward and the coin becomes stable. This is the reality of new coins listed on exchange and I don't why it happens. October 08, 2018, 07:19:28 PM
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.
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.
October 08, 2018, 06:19:48 PM
Though I liked Decentralized Exchanges once, but now I feel comfortable in the centralized exchange. It is safer exchange than Decentralized. Decentralized exchanges have many issues. If you face any problem or if your coins stuck in exchanges or anything else then no one will help you on time. But In centralized exchanges, you will find instant help. Though Idex is very different decentralized exchange and that's why idex is the best.
Centralized exchanges take high withdraw fees but they are licensed and your coins will be safe there if you enable strong security. We need both types of exchanges to trade our coins. Because many coin only list on Decentralized exchanges and centralized exchanges doesn't list all coins!
Centralized exchanges take high withdraw fees but they are licensed and your coins will be safe there if you enable strong security. We need both types of exchanges to trade our coins. Because many coin only list on Decentralized exchanges and centralized exchanges doesn't list all coins!
October 08, 2018, 05:40:22 PM
I think that for an advanced trader, the use of centralized and decentralized exchanges is a necessity. While centralized exchanges provide only a limited number of trading pairs (in particular, those currencies that have already gained popularity and have been on the market for a relatively long time), decentralized exchanges provide access to new tokens that are not being traded anywhere. And this is a great opportunity to earn. And if you need to endure some inconvenience and spend a little time in order to figure it out, then I am sure that it is worth it.
October 08, 2018, 04:47:31 PM
I really like using decentralized exchanges now and appreciate the platform more because the transaction fee is less, kyc is not needed and very easy to withdraw but the problem it has less volume compare to centralized exchanges.
September 19, 2018, 10:38:09 PM
Centralized may be good one for the people who believes government and regulations on exchange are better and at the same time we need to wait for all rules to follow to exchange even a shit coin. I don't think it will work better.
I need to go with decentralised exchange only because no KYC and no worries to deal with the traders there. It will be easy access to the people whoever want to use.
Some people might like exchange centralization because it has clear rules and support that helps, and some people might like decentralized exchanges because they are more freedom. but I myself don't know which exchanges are centralized and decentralized? can you give me example where does desentralized exchange? I need to go with decentralised exchange only because no KYC and no worries to deal with the traders there. It will be easy access to the people whoever want to use.
September 19, 2018, 08:55:01 PM
In my opinion centralized exchange is more user than decentralized, we can see now the top 10 exchange according to daily trading volume is all centralized exchange. Many trader chooce centralized exchange because some reason, like cheap fee transaction, they has full feature ( buy and sell order with instant, stop limit) , many option of coins, and lower spread.
September 08, 2018, 09:24:49 AM
Centralized may be good one for the people who believes government and regulations on exchange are better and at the same time we need to wait for all rules to follow to exchange even a shit coin. I don't think it will work better.
I need to go with decentralised exchange only because no KYC and no worries to deal with the traders there. It will be easy access to the people whoever want to use.
All centralized exchanges are not having any big advantage compared to decentralized exchanges in my experience. For me, KYC is a big headache. I am into crypto world because I prefer to stay anonymous whereas these centralized exchanges are killing the basic concept of crypto currencies. In deep thinking, I am not finding any big advantages from centralized exchanges compared to decentralized exchanges. I need to go with decentralised exchange only because no KYC and no worries to deal with the traders there. It will be easy access to the people whoever want to use.
September 07, 2018, 04:56:48 PM
Of course, work on decentralized exchanges has a number of features. There are certain difficulties that one has to face. But on centralized exchanges, too, not everything is as smooth. When working on them, too, there are certain moments. So if the coins that interest me are traded on centralized exchanges, then I'm bidding exactly there. But there are also a coins that are traded only on decentralized exchanges, so I endure all the inconvenience. Also, there are situations when at some point to conduct an operation through a decentralized exchange it turns out to be very profitable, then, of course, I risk and spend the purchase or sale there.
The convenience or inconvenience I do experience between DEX and Centralized exchanger in on the KYC or verification procedure and this is why some people do love to use up DEX due to that reason but eventually as you say there are coins which are only being traded on DEX where you don't really have any choice but to sell it on. Centralized exchange is more convenient on my part but there would really be some disadvantage which is somehow expected. September 07, 2018, 04:42:21 PM
Of course, work on decentralized exchanges has a number of features. There are certain difficulties that one has to face. But on centralized exchanges, too, not everything is as smooth. When working on them, too, there are certain moments. So if the coins that interest me are traded on centralized exchanges, then I'm bidding exactly there. But there are also a coins that are traded only on decentralized exchanges, so I endure all the inconvenience. Also, there are situations when at some point to conduct an operation through a decentralized exchange it turns out to be very profitable, then, of course, I risk and spend the purchase or sale there.
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August 25, 2018, 04:18:25 AM
I have tried some exchanges, both centralized and decentralized and in my point of views, they are both having their advantages and disadvantages. Etherdelta for example needs to have ETH balance before you make a deposit and before making a trade which is unnecessary for me, Binance and some other centralized exchanges are easy to use but needed so much actions to be eligible to use their platform like e-mail verification, KYC (some) and some other actions that might be necessary to protect your funds. But as for me, I go for the centralized exchanges.
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