DECENTRALIZED EXCHANGE A MUST NEED | Bitcointalksearch.org

Teraboy

hero member

Activity: 2282

Merit: 505

Quote from: OneUnderBridge on December 17, 2017, 04:09:55 AM

Quote from: abanansah on December 16, 2017, 02:46:06 AM

I fee secure puting my fund on Etherdelta than a centralize exchange where you would be delayed for verification purposes and other bureacratic processes.

Yes, the verification processes at many of the centralized exchanges keeps changing to conform to the newest AML/KYC interpretations. In fact, I have had some of my assets withheld until I provided documentation of my identity even though that verification wasn't required when I originally created my account. Bittrex has been doing that to its customers recently.

Bittrex is really strict to the users right now. But the decentralized exchanges don't gain a lot of interest. the fees is so high compared with the centralized excahnge site, and especially the decentralized exchange site still pegged with the blockchain of the platform itself. just like waves dex and another like etherdelta or even bitshares.

5ensei

full member

Activity: 728

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Some centralised exchanges are honest about their closure. Novaexchange for example is well known for hosting sh**coins but they announced that they are closing 6 months in advance. I thought they would have just closed taking all the coins but they were completely open about it - I was impressed!

Geleve

full member

Activity: 588

Merit: 104

Quote from: COINTRADINGTIPS on December 16, 2017, 02:14:39 AM

I have analysed so many exchanges. And it recent case studies also threaten me to keep funds on exchanges. The sudden shut down of Chinese exchanges and the recent raid on Indian exchanges gives a fear of our own fund. Everyone knows bitcoin is unstoppable. Then regulators eyes on exchanges they know if they shut exchanges they might be able to decrease the popularity of cryptocurrency which is very danger to them. So I feel like bitcoin is decentralized in the same way if decentralized exchanges will come up then it will boost it and take this industry to greater heights. Few decentralized exchanges are there but I personally feel if exchanges would be user friendly it would have a greater impact.

Yes ofcourse. All centralized exchange platforms are highly risky and we witnessed many times that they dissappeared or had to turn off their site. Whenever decentralized exchanges become more popular, our ecosystem will be more safe, transparent and secure.

Valzador

hero member

Activity: 1316

Merit: 503

I am actually really waiting for a decentralized exchange with daily trading volume that can match bittrex or poloniex but my wish is impossible to realize.

OneUnderBridge

sr. member

Activity: 368

Merit: 266

Quote from: abanansah on December 16, 2017, 02:46:06 AM

I fee secure puting my fund on Etherdelta than a centralize exchange where you would be delayed for verification purposes and other bureacratic processes.

Yes, the verification processes at many of the centralized exchanges keeps changing to conform to the newest AML/KYC interpretations. In fact, I have had some of my assets withheld until I provided documentation of my identity even though that verification wasn't required when I originally created my account. Bittrex has been doing that to its customers recently.

befrank

full member

Activity: 174

Merit: 100

Etherdelta is a good one (ux needs some work though), waves dex just released their dex with a brand new interface (looks really promising), Binance is centralised but they will eventually become decentralised. 2018 will be the year of the DEX.

CryptoKranthi

full member

Activity: 182

Merit: 100

Quote from: COINTRADINGTIPS on December 16, 2017, 02:14:39 AM

I have analysed so many exchanges. And it recent case studies also threaten me to keep funds on exchanges. The sudden shut down of Chinese exchanges and the recent raid on Indian exchanges gives a fear of our own fund. Everyone knows bitcoin is unstoppable. Then regulators eyes on exchanges they know if they shut exchanges they might be able to decrease the popularity of cryptocurrency which is very danger to them. So I feel like bitcoin is decentralized in the same way if decentralized exchanges will come up then it will boost it and take this industry to greater heights. Few decentralized exchanges are there but I personally feel if exchanges would be user friendly it would have a greater impact.

Yes we need a good number of decentralized exchanges, but don't worry, as Indian government ride on exchanges is just for the details to know about investors about their tax history. The Indian government is not against cryptocurrency.

Waverider

full member

Activity: 228

Merit: 100

Waves DEX works already.

qiwoman2

legendary

Activity: 2114

Merit: 1023

Oikos.cash | Decentralized Finance on Tron

A new exchange is launching in 2018 and they will eventually have a decentralized version of their exchange later in 2018. They plan to introduce 0 fee trading for standard traders, margin lending and trading, futures trading, ICO underwriting services for high class ICOS and awesome customer service. I think COBINHOOD will blow many of these inefficient exchanges out of the water volume wise so that's why I am invested n their token COB as well, as it will give me many goodies in the future for holding it. Cheesy

I am currently testing the beta out at the moment.

JesusCryptos

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Activity: 714

Merit: 117

I agree on this argument. This is why I believe that waves is destined to have a bright future and possibly also bancor, with its bandit protocol which allows liquid exchange between assets.

abanansah

member

Activity: 328

Merit: 10

www.daxico.com

I fee secure puting my fund on Etherdelta than a centralize exchange where you would be delayed for verification purposes and other bureacratic processes.

btcdamnit

sr. member

Activity: 266

Merit: 250

Etherdelta is a decentralized exchange
And many new decentralized exchange is on its way
and I heard nex is decentralized exchange that will be based on neo and will be launched soon.
lets see what will be the next big decentralized exchange in crypto world

ir.hn

member

Activity: 322

Merit: 54

Consensus is Constitution

I have the solution; how to integrate a global peer to peer decentralized exchange into the blockchain itself. Please comment on that post so it bumps to the top!

https://bitcointalksearch.org/topic/how-to-integrate-a-global-exchange-into-the-blockchain-itself-2521788

udayantha11

member

Activity: 798

Merit: 17

2023 would most likely be as bearish as 2022

Quote from: COINTRADINGTIPS on December 16, 2017, 02:14:39 AM

I have analysed so many exchanges. And it recent case studies also threaten me to keep funds on exchanges. The sudden shut down of Chinese exchanges and the recent raid on Indian exchanges gives a fear of our own fund. Everyone knows bitcoin is unstoppable. Then regulators eyes on exchanges they know if they shut exchanges they might be able to decrease the popularity of cryptocurrency which is very danger to them. So I feel like bitcoin is decentralized in the same way if decentralized exchanges will come up then it will boost it and take this industry to greater heights. Few decentralized exchanges are there but I personally feel if exchanges would be user friendly it would have a greater impact.

Etherdelta is the best exchange for decentralized exchange. Userinterface is non friendly but time passed we used to it.

Biggest disadvantage is customer support is less.

Your question is correct, centralized exchanges are risky and private key with them.

justin86

full member

Activity: 406

Merit: 100

Market Integration Platform

You are totally right, yet there are some problems with current decentralized exchanges. Oax project will be probably a leading decentralized exchange considering its whitepaper.

OneUnderBridge

sr. member

Activity: 368

Merit: 266

Quote from: COINTRADINGTIPS on December 16, 2017, 02:14:39 AM

I have analysed so many exchanges. And it recent case studies also threaten me to keep funds on exchanges. The sudden shut down of Chinese exchanges and the recent raid on Indian exchanges gives a fear of our own fund. Everyone knows bitcoin is unstoppable. Then regulators eyes on exchanges they know if they shut exchanges they might be able to decrease the popularity of cryptocurrency which is very danger to them. So I feel like bitcoin is decentralized in the same way if decentralized exchanges will come up then it will boost it and take this industry to greater heights. Few decentralized exchanges are there but I personally feel if exchanges would be user friendly it would have a greater impact.

The problem with decentralized exchanges is that they are high maintenance and have very little support services. If there were platforms developed utilizing sidechain, smart contract, and atomic swap technologies, then we may see a relevant decentralized exchange take shape. There's a proposal (BIP-175) which is a "pay to contract" protocol that may prove to be useful in the development of a feasible decentralized exchange in the not too distant future, and the other technologies mentioned above are currently in development.

COINTRADINGTIPS

newbie

Activity: 60

Merit: 0

I have analysed so many exchanges. And it recent case studies also threaten me to keep funds on exchanges. The sudden shut down of Chinese exchanges and the recent raid on Indian exchanges gives a fear of our own fund. Everyone knows bitcoin is unstoppable. Then regulators eyes on exchanges they know if they shut exchanges they might be able to decrease the popularity of cryptocurrency which is very danger to them. So I feel like bitcoin is decentralized in the same way if decentralized exchanges will come up then it will boost it and take this industry to greater heights. Few decentralized exchanges are there but I personally feel if exchanges would be user friendly it would have a greater impact.

Topic: DECENTRALIZED EXCHANGE A MUST NEED (Read 163 times)