If the comparison is a matter of the security of our funds, then the answer is that DEX is safer than CEX. But until now DEX has not been able to defeat CEX in terms of trading volume why because most traders are more comfortable using CEX and to overcome security problems I think traders already understand how to reduce the risk of accounts being hacked or CEX itself being hacked or down as it happens with some CEX before.
Most goal of trading is get income or multiple the asset so security of the fund isn't in first place to concern if the volume trading can't make traders get profit enough.
Topic: Decentralized exchanges are more secure. - page 2. (Read 241 times)
About the security, logically speaking it is more than centralized exchange absolutely. But from my own experience, a decentralized exchange is very awfull. Let's use Etherdelta or Forkdelta as an example, I had been using those 2 for years. But after using their exchange, in just a single day my wallet got emptied.
that means, even though its system is more secure logically but keeping the network safe is a different story. There might be a bug around the system that allows the hacker to steal users private key, a decentralized exchange needs more time to mature and to prove its worthiness. For now, let's stick to centralized exchange first.
that means, even though its system is more secure logically but keeping the network safe is a different story. There might be a bug around the system that allows the hacker to steal users private key, a decentralized exchange needs more time to mature and to prove its worthiness. For now, let's stick to centralized exchange first.
yes maybe it's safe, because we have full control over the wallet. but keep in mind the transaction speed between DEX and CEX is different. DEX seems longer because they are affected by the block. and coin support is still too little. there is no DEX that can be used a cross Blockchain. so that means we can't buy coins that are different the blockchain network. therefore we still need CEX where ahead. except DEX can solve this problem.
In Decentralized exchanges Funds are more secure.Your funds always stay with you. I think that they are the future of all asset exchange.
In centralized exchange you've to transfer
your crypto to exchange if they get hacked
all users funds are gone.
In centralized exchange you've to transfer
your crypto to exchange if they get hacked
all users funds are gone.
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