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Topic: Cryptocurrency trading platform - page 5. (Read 1265 times)

mersal

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Quote from: AakZaki on September 04, 2020, 10:58:56 AM

Decentralized exchanges are safer because we have full access to our wallets, but the transaction speeds provided are very slow compared to exchange platforms like Binance.

You mean the execution of trading orders as transaction speed?

Trading volumes of decentralized exchanges are no where near to binance or even shady exchanges that is why we need to have patience if we want to trade risk free but the main problem of complete DEX is conversion on different blockchains.

AakZaki

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The OP actually doesn't need to be confused about which one is the best, because Binance is the most appropriate choice for trading. Binance is fully featured and is very popular right now and is the largest exchange with the most coins listed on Binance.

Decentralized exchanges are safer because we have full access to our wallets, but the transaction speeds provided are very slow compared to exchange platforms like Binance.

Serco

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Quote from: djmixen on September 03, 2020, 10:47:01 PM

At the moment I used IDEX, then next to these is UNISWAP because as far as I noticed many of the good feedback I saw was the community-supported UNISWAP, although most exchange that is on top listed in the market always centralized platform exchange like kucoin, Binance, Houbi and Bibox or Okex.

uniswap has strong community behind them, uniswap hype now in best condition ever . in every minute i see new project listing here and investors trying to find gem from uniswap. and finally we see many new token pumped many times. if compare with another cex exchanges, uniswap provide important feature while Defi be a trend. they could liquidty which is make investors give more trust.

djmixen

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AnwarDah

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There are MANY crypto trading platforms in the market! each one has its own distinctive features! For me, I consider ProBit Exchange to be the best trading platform!

pragna

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Quote from: sajedul islam on August 24, 2020, 10:56:26 AM

Cryptocurrency trading is the most popular investment method in the current market. There are many trading platforms for crypto trading. Such as Binance, Kucoin, Bittrex, Poloniex etc. Among them I trade Binance trading platform, Binance is currently one of the best centralized trading platforms for cryptocurrency trading,
For example, the centralized trading platform is Binance, Kucoin
And decentralized trading platforms are Nash, Ether Delta, Binance DEX, Idex
Now I want to know which decentralized trading platform is better than Cryptocurrency trading platform or decentralized trading platform, which means which centralized and decentralized trading platform can be more secure.

I think centralized and decentralized is not main factor in trading factor is which exchanges has strong security and fast trading. You see binance exchanges was hacked some days ago but hacker haven't stolen traders token and their deposit, withdrew system also very fast so easily men going to trade there. But IDEX also good exchange but they fail to carry their goodwill as when they started their business as exchanges. so everything depends on some good factor others is nothing actually.

thanks.

imstillthebest

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Quote from: beerlover on September 03, 2020, 09:14:08 AM

I love it here, dude didn't made any sense on his question, nobody fully understood what he was asking, after that people just assumed what he wanted to ask, someone responded depending on what they understood and everyone following that just answered like that and that's it, we have now a page full of people responding to what they understood and not the real thing, everyone could be answering wrong.

If you really ask me dude probably wanted to ask centralized and dex and wanted to see which one is better and which one is more secure, the same old question of "would you trade on cex or dex" which is not really shocking, because dex is getting a lot more attention these days, but I still think places like Binance is much much better, they are just too ahead of the curve for the Dex ones to reach them.

lol so true . I understand his first few words but not the last one . Good thing you are here and you translated what he was trying to say . This is helpful to other users that don't easily get what he mean . To answer if which one is better I think that would depend to a trader , he can't say cex is the best when he never used cex or he use dex the most . They shouldn't be shy and tell the truth ,nothing wrong on dex and they are infact getting stronger now .

beerlover

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sajedul islam

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Quote from: harizen on August 25, 2020, 07:41:12 PM

I don't know if OP does really have a concern for creating this thread. A typical bounty hunter that rarely post a not bounty-related post.

Somehow, I think he already has an idea about exchanges: https://bitcointalksearch.org/topic/m.55046472

Centralized or decentralized, we have different preferences on what to use.

Yes Exchanger I have some ideas about the site but I'm hesitant so I made the post so I can get a good idea with everyone's opinion

Assface16678

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Too much confusing at the last part you want to find out a decentralized trading platform?

No this is impossible so who is the one will manage on this kind of business and monitor all of the things that happen on the trading platform.

Yes, we have the decentralized coin which is the bitcoin other than that most of the coins are now centralized also this is the cons of the other coin.

If you are trying to look for a decentralized exchange or platform good luck for your journey. I will vote right now for a centralized platform.

iv4n

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Quote from: sarmrakib on August 26, 2020, 06:09:08 AM

Centralized trading platform is more secured than Decentralized .You can get huge volume on centralized market on the other hand the volume is too low on Decentralized exchanges .I always use Centralized exchange to trade .So i think you should use Centralized exchange .

Decentralised exchanges are more secured, simply because you hold your keys and as long you hold your keys you have the coins. About one thing you are right, decentralised exchanges are slower, but it's because of the volume, lower volume means less trades. Centralized exchanges are faster, with more promotions, they have popularity, higher volume, simply said they are more popular. It's like that now, but we can discuss about the future and will it stay like this, or decentralised exchanges can come closer to centralized exchanges in terms of volume.

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Warkop

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I think what you mentioned above has been very good everything on crypto exchanges, because I have seen and I have experienced visiting Binance, Poloniex and Bittrex exchanges I think the volume on this exchange looks really good compared to other exchanges. So in my opinion there is no exchange that is better than some of the exchanges that I mentioned above, because it has been proven very clearly safe and there are no obstacles there. This is just my experience.

Goltigal

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Trading is profitable and convenient with the Amarkets broker, it has a fairly good platform and comfortable trading conditions.

wiss19

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But you already stated in your post that Binance is the best exchange, so why then do you still ask which of the Exchanges you have mentioned is the best?

When it comes to Centralized exchanges, I didn’t see you mention Coinbase and that’s like one of the biggest centralized exchanges there is in the market, although I might say that Binance bigger than it because they have a bigger trade volume, but Coinbase has an interface that is easier to understand and everything about it is easy and simple. Then as for decentralized exchanges, Binance DEX is a good choice to go with, compared with the rest you have mentioned.

harizen

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Twinkledoe

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Quote from: pawanjain on August 25, 2020, 10:29:49 AM

To be honest well reputed Centralized crypto trading platforms are better than decentralized trading platforms.
Decentralized trading platforms are good in terms of security but lack other aspects such as liquidity and support.
Binance is the best centralized exchange and Bisq is the better one in decentralized exchanges.

That's the problem in most DEXs, the liquidity. But have you heard of Uniswap? This is a decentralized one and right now they are popular particularly with DeFi projects. But one should be careful in trading because there are a lot of crap tokens being traded at the moment. With respect to CEX, Binance of course no doubt is one reputable exchange. But don't confine yourself with Binance only, there are other medium exchanges that are also reputable, where you can find other alts or tokens being traded at in which you can't find in BNB.

Rawan_AM

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btc_angela

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Quote from: hugeblack on August 25, 2020, 07:53:39 AM

The use of decentralized platforms is more about privacy than being more secure. It is true that we cannot properly compare the security of centralized and decentralized platforms, but in general, central platforms are safer.

I don't think the centralised platforms are more safer, and more about privacy. Everyone of them will require you to pass KYC and then there is the threat of hackings. But there are exchanges like Binance that are SAFU protected.

Quote from: hugeblack on August 25, 2020, 07:53:39 AM

If you are looking for privacy, decentralized platforms are the solution, but privacy has a price. As the trading volumes are not high, there are not so many currencies, and you cannot achieve the same profits that are achieved on the central platforms.
Therefore, the purpose of use is what determines the right type for you.

The only thing with decentralised platform are only minority traders are using it, resulting in a very low volume. So the flow or exchange are going to be very slow because it doesn't have that liquidity in the first place.

rodskee

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Quote from: pawanjain on August 25, 2020, 10:29:49 AM

To be honest well reputed Centralized crypto trading platforms are better than decentralized trading platforms.

I agree with you, though centralized exchange needs to provide KYC if happened that you are using huge amount of
investments.

Quote from: pawanjain on August 25, 2020, 10:29:49 AM

Decentralized trading platforms are good in terms of security but lack other aspects such as liquidity and support.

Volumes and liquidity is where the traders are after, they are more actions inside CEX in terms of movements and that's
the advantages of reputable CEX exchange.
They have lots of participants both investors and traders are supporting the platforms knowing that they can execute
whatever trading practice they've got.

Quote from: pawanjain on August 25, 2020, 10:29:49 AM

Binance is the best centralized exchange and Bisq is the better one in decentralized exchanges.

No question about binance as most of us are satisfied with how this exchange performed.