CEX Vs DEX ? - page 2. | Bitcointalksearch.org

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legendary

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Quote from: drlukacs on December 13, 2019, 12:36:10 AM

Recently I have seen many people whining about exchange fraud and some of them stopped working and took away all investor money.

What are the requirements that people use to choose a good centralized exchange?

we are more likely to hear: big volume, many trading pairs and security. but they ignore the question of who owns the exchange and where the exchange is located. Many people accept use shady exchange, may be because they have some new altcoin only listed in obscure exchanges

As the the crypto market grow the regulations will increase and there will come a time that using centralized exchanges will be very safe because these centralized exchanges will be regulated and the market will be very competitive so that they will be required to provide high quality services if they want to survive in this Marketplace

DoublerHunter

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Quote from: johnwest on December 13, 2019, 12:27:36 PM

DEX are definitely better than CEX but the design and their running is very poor so people have always preferred CEX as they give proper support as well as great User interface. There are only few DEXs are there which are genuine and at least can be used properly.

^ Definitely right, widely used now are CEX exchanges because there is proper customer support when you are in trouble, there someone could assist you quickly. DEX is good to those newbies that don't know how to manage their security but when it comes in volume traders CEX was always having great advantages. Try to look at the comparison among them that I grab on Cointelegraph.

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johnwest

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DEX are definitely better than CEX but the design and their running is very poor so people have always preferred CEX as they give proper support as well as great User interface. There are only few DEXs are there which are genuine and at least can be used properly.

dothebeats

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If the state of DEXs are somewhat better than where it stands right now, perhaps people would consider switching over or at least get the feel of how to trade in one. DEXs provide only a platform with no element of trust which makes users' funds safe in their hands and no single point of massive failure can be seen which, in CEXs case are its wallets and of course, its own system.

Right now, CEXs are winning though DEXs are improving and are gaining some supporters not only on this forum but on other hubs as well, which is nice.

Ucy

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I think decentralized exchanges will keep improving till they are able to compete with centralized exchanges in the areas of performance and ease of use. I'm not sure if they will ever be better than top centralized exchanges but I am pretty confident we will have DEXes that are indistinguishable from simple Centralized exchange soon.
I'm impressed by what I have so far seen in DEX development. There are number of very promising DEXes available today.

electronicash

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Quote from: Mahanton on December 13, 2019, 11:29:20 AM

Quote from: gentlemand on December 13, 2019, 06:43:01 AM

Are there are any truly decentralised exchanges out there?

Perhaps Bisq but I can't think of anything else. Binance can ban you and roll back your transactions so that's a definite no. Most of the others rely on a domain and hosting and that can be hijacked so you'll never be fully certain.

Until they're in wallet and on chain they'll always be questionable and so far the people who run them have not come across as premier league characters. There shouldn't be anyone running them beyond those who issue software for you to run.

I cant think of on another exchange when we do talk about Dex which my primary choice is Bisq and the rest are just masking out to be Dex
but have the tendency to become CEX just like on what IDEX did suddenly as king out kyc. Grin

The thing here about trends comparing Cex and Dex is that it isnt really get too much volume yet people would still always prefer on using up Cex
due to fiat and crypto options.

some user actually reasoned that asking KYC doesn't make them centralize, the features are still there nothings changed for everything is as is. but you really can't say nothing's change when mandatory submission of documents is there. until there is nothing yet that is truly decentralize which can't be taken down nor forced to ask kyc, then there is no reason for you to trade ion dex. the fact that there is no BTC market in there since most of them are base on ETH.

mersal

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Quote from: drlukacs on December 13, 2019, 12:36:10 AM

Recently I have seen many people whining about exchange fraud and some of them stopped working and took away all investor money. So in my head, I now have the thought that will 2020 be the trend of DEX?
I will give a brief summary of CEX and DEX. CEX stands for centralized exchange where all your money is managed by exchange, it has its own wallet system and money is transferred there.
DEX stands for a decentralized exchange, and there, you trade the number of coins in your wallet with someone else's wallet and there are absolutely no middlemen in between.
So with many incidents happening at CEX, will there be more people trading in DEX in 2020? Although trading at DEX costs more, it is safer for us and we do not need to make any KYC.

Some exchanges also got hacked who claimed them as decentralized exchange so security and trust on decentralized exchanges are yet to convince the traders.Even binance DEX got very low trading volume compared to other centralized exchanges which is still unpopular.So it may take time for people to adopt DEX platforms maybe it will take two or more years to happen.

ryzaadit

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But the fund still on DEX Exchange went we put an order.

You should make a deposit to the exchange if you put an order and need to wait until someone takes the order. Went the dex exchange got a breach from the hacker, all people who put an order to the dex exchange still get effected.

Mahanton

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Quote from: gentlemand on December 13, 2019, 06:43:01 AM

Are there are any truly decentralised exchanges out there?

Perhaps Bisq but I can't think of anything else. Binance can ban you and roll back your transactions so that's a definite no. Most of the others rely on a domain and hosting and that can be hijacked so you'll never be fully certain.

Until they're in wallet and on chain they'll always be questionable and so far the people who run them have not come across as premier league characters. There shouldn't be anyone running them beyond those who issue software for you to run.

I cant think of on another exchange when we do talk about Dex which my primary choice is Bisq and the rest are just masking out to be Dex
but have the tendency to become CEX just like on what IDEX did suddenly as king out kyc. Grin

The thing here about trends comparing Cex and Dex is that it isnt really get too much volume yet people would still always prefer on using up Cex
due to fiat and crypto options.

SummerBliss

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Quote from: drlukacs on December 13, 2019, 12:36:10 AM

Recently I have seen many people whining about exchange fraud and some of them stopped working and took away all investor money. So in my head, I now have the thought that will 2020 be the trend of DEX?
I will give a brief summary of CEX and DEX. CEX stands for centralized exchange where all your money is managed by exchange, it has its own wallet system and money is transferred there.
DEX stands for a decentralized exchange, and there, you trade the number of coins in your wallet with someone else's wallet and there are absolutely no middlemen in between.
So with many incidents happening at CEX, will there be more people trading in DEX in 2020? Although trading at DEX costs more, it is safer for us and we do not need to make any KYC.

I don't have a very good experience with DEX. Most of the DEX don't have much volume and most of the trading is done using bots especially in tokens. Moreover I feel it's a quite cumbersome process to trade on DEX if you are a day trader you will have a hard time on such exchanges. If you are buying coins for investment then these exchanges are good otherwise DEX make no sense to me.

kolonel_x

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Quote from: ReiMomo on December 13, 2019, 08:32:02 AM

When it comes to security DEX is much better than CEX but when it comes to liquidity and volume I prefer on CEX like Binance. So which you prefer? Both are having pros and cons and I think I am favor with reputable CEX exchange to make more profit than DEX. I may advise if you are using exchange any of them don't leave money on the exchange, pull out once you did not on trade. Most traders now are on CEX but those reputable.

CEX Exchanges are now much in the interest of traders compared to IDEX in my opinion, DEX and CEX exchanges will always be there they have different benefits so this exchange is inevitable, many now prefer CEX because many tokens enter there actively in terms of large volumes and there is always an advantage over DEX which often mass discharges of coins.

Darooghe

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The main benefits using decentralized cryptocurrency exchanges over centralized ones are, there are no hidden middle man fee in decentralized system, you may have to pay miner fee but no hidden ones. also In decentralized cryptocurrency there is strict trading of cryptocurrency only, no involvement of credit card and other things. further less prone to hacking because namely it is decentralized and so no one is in control of it and there in no risk of point failure. these are some of the merit point I found decentralized cryptocurrency has over centralized ones.

panganib999

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A lot of people have a more positive opinion on DEX, since they basically remain anonymous with it. But in terms of being able to trade freely and securely, CEX beats DEX. The only issue with CEX is that they are unable to cope with hackers that attack their system, but once they do, it's pretty much impossible for funds to get stolen by then. Sadly, CEX requires KYC, which is to be honest, abhorred by most of us traders. Which is why DEX still stands as a good exchange compared to CEX, though CEX is much more widely used.

topbitcoin

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I think as long no serious problem witth big exchanges, people will still use it. I mean, i am type of people like that. If there are no problem with big exchanges that i use, maybe i still use it. And DEX, not try much DEX beside IDEX. And i think CEX with their popularity since they are open, will still used by some traders so it wouldn't easily replaced by DEX.

ReiMomo

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When it comes to security DEX is much better than CEX but when it comes to liquidity and volume I prefer on CEX like Binance. So which you prefer? Both are having pros and cons and I think I am favor with reputable CEX exchange to make more profit than DEX. I may advise if you are using exchange any of them don't leave money on the exchange, pull out once you did not on trade. Most traders now are on CEX but those reputable.

zeze18

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Quote from: drlukacs on December 13, 2019, 12:36:10 AM

Recently I have seen many people whining about exchange fraud and some of them stopped working and took away all investor money. So in my head, I now have the thought that will 2020 be the trend of DEX?
I will give a brief summary of CEX and DEX. CEX stands for centralized exchange where all your money is managed by exchange, it has its own wallet system and money is transferred there.
DEX stands for a decentralized exchange, and there, you trade the number of coins in your wallet with someone else's wallet and there are absolutely no middlemen in between.
So with many incidents happening at CEX, will there be more people trading in DEX in 2020? Although trading at DEX costs more, it is safer for us and we do not need to make any KYC.

I've been more comprtable using DEX since etherdelta from 2017 and i think it's better than CEX from the terms of the usability, it could connect to our wallet directly and it's much more safer but we have to careful and not recommended login in DEX using private key. But will it hype in 2020 ? i don't have any idea for that since most of biggest exchanges right now is CEX

Codex_HTML

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A mix of both is nice, but only if the CEX is reputable. I really appreciate a DEX that uses an intermediary wallet like a MEW or Scatter. This prevents the exchange from holding anyones money or from owning anyone's private keys. This also disables hackers from having a big- exchange cold wallet to hack from.

crossabdd

legendary

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in fact, a safe exchange is dex, because without intermediaries and personal managed wallet. but without cex, I think it is still difficult. especially about use of crypto. I think 2020 hasn't become trending for dex. except we all don't need government regulations. and crypto can be used in real world (for buying / selling items). as long as the government / country has not received crypto, cex will remain the first choice. because from cex, we can convert crypto into useful money in real life. other than that. DEX currently only runs on 1 platform. For Example, forkdelta only trades coins / tokens that run on ethereum network. so do BNB, TRX, WAVES, STR, etc. maybe we need dex which supports all platforms. making trading easier.

gentlemand

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Are there are any truly decentralised exchanges out there?

Perhaps Bisq but I can't think of anything else. Binance can ban you and roll back your transactions so that's a definite no. Most of the others rely on a domain and hosting and that can be hijacked so you'll never be fully certain.

Until they're in wallet and on chain they'll always be questionable and so far the people who run them have not come across as premier league characters. There shouldn't be anyone running them beyond those who issue software for you to run.

Kemarit

legendary

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Nah, I don't think that DEX will have success in 2020. Traders still prefer CEX in my opinion, even if we have so many hacks and many problems with some scam exchanges, specially mid-tier. Remember that most reputable exchanges run IEO, which will continue as the trend next year. Remember that we still have the block halving coming, and I think newbies will still favor to put their funds in CEX no matter what.

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