Topic: Decentralized or Centralized Trading? (Read 333 times)
We all know decentralized exchanges are better, our assets are safe here, therefore, decentralization is the nature of crypto but look at the centralized exchanges! All exchanges have a higher volume than the best-decentralized exchange! I thought Allbit decentralized exchange will do better, but without a good number of traders, this exchange has down incredibly! The bitter truth is, centralized exchanges are future, decentralized exchanges will never take a high place in the crypto market!
Decentralized or centralized trading depends on you and your investment needs. But for me i prefer centralized because decentralization usually has slower trade execution than centralized exchange and comes with lower liquidity. Therefore, in my opinion decentralization is not ideal for active traders.
I will go with centralized exchange because they've got lots of volume as compared to decentralized exchange, another reason being that account can be recover if password is lost, but when you lost your private key that you used for decentralized exchange that wallet is totally gone entirely
The issue of kyc ain't a big deal for centralized exchange, some decentralized exchange are now even requesting for kyc, so centralize exchange all the way for me
If you choose a good exchange, security is not the reason you are worried because large exchanges always force customers to install 2FA to protect assets in the safest way. This market is an attractive destination for many hackers, so you need to be more careful. I had a case of being logged in from a strange address but I installed 2FA and avoided losing money at that exchange. The issue of kyc ain't a big deal for centralized exchange, some decentralized exchange are now even requesting for kyc, so centralize exchange all the way for me
I will go with centralized exchange because they've got lots of volume as compared to decentralized exchange, another reason being that account can be recover if password is lost, but when you lost your private key that you used for decentralized exchange that wallet is totally gone entirely
The issue of kyc ain't a big deal for centralized exchange, some decentralized exchange are now even requesting for kyc, so centralize exchange all the way for me
Your assumption is perfectly good to survive in trading platform. Because all the Top exchanges are available in Centralized exchanges, example Bittrex, Binance and etc. The current economy everyone accepting the KYC Exchanges at the same time some peoples are selling illegal so both are survive in top level. I think day by day security futures are updated in Decentralized exchanges so upcoming years everyone stay in Centralized exchanges. The issue of kyc ain't a big deal for centralized exchange, some decentralized exchange are now even requesting for kyc, so centralize exchange all the way for me
I will go with centralized exchange because they've got lots of volume as compared to decentralized exchange, another reason being that account can be recover if password is lost, but when you lost your private key that you used for decentralized exchange that wallet is totally gone entirely
The issue of kyc ain't a big deal for centralized exchange, some decentralized exchange are now even requesting for kyc, so centralize exchange all the way for me
The issue of kyc ain't a big deal for centralized exchange, some decentralized exchange are now even requesting for kyc, so centralize exchange all the way for me
I like decentralised transactions because you don't need to identify through Private - keys you can buy - sell on decentralised exchanges like IDEX, ETherdelta, ForDelta.
Centralised exchanges always set limits on accounts not through KYC, and this I don't feel happy. I prefer decentralised exchanges over Centralized exchanges.
Decentralized exchange is a new trend this year and you can absolutely choose to invest safely in this market. I think IDEX exchange is currently the best exchange for you to do so since this is the decentralized exchange with the most stable trading volume at the moment.Centralised exchanges always set limits on accounts not through KYC, and this I don't feel happy. I prefer decentralised exchanges over Centralized exchanges.
Also you can choose the big projects proposed by Binance Dex as this is a CZ-supported exchange and you can feel safe here.
Both of it i think not a problem for me. Although natural of crypto is decentralized, there are a lot of exchanges which already appear. And we can't resist if we always use that kind of exchanges before DEX (Decentralized Exchange) come. That is why i am for now actually no problem with Decentralized or Centralized Trading because people will stay to use it.
if it was me, I would still choose centralized trading. because there, there are big exchanges like Binance, Huobi, Okex always have stoploss function. That's the function I need most in exchanges, I'm not too concerned about fees, the security of my assets is the best.
Therefore, I never choose to trade in decentralized transactions, it's too complicated and dangerous!
All the decentralized exchange that we are talking, is it still not built by people, and it is what they want that will be programmed there. We had the dex of binance already, the dex did not just come, but binance built it and presented to the public. Whatever feature that you see in centralized may still be seen too on decentralized exchanges, so I would really not want to know the total difference between the two of them.Therefore, I never choose to trade in decentralized transactions, it's too complicated and dangerous!
What I will be more concerned about is the one that can give me volume because without volume, one will just be stagnant on transaction for a very long time. This is the challenge that we mostly have with so many dex exchanges, they tend not to get volume because people prefer to just use centralized exchange alone because of their believe that a dex exchange cannot provide maximum security like cex would.
I have experienced a lot in trading Exchanges. While I have seen some steps.
There are some disadvantages of Centralized exchange.
- 1: We can't say that the real amount of BTC or USD is real or not we can't even say in Binance that the traffic and volume are legit or not.
- 2: The authority of all transactions is in the hand of Admins (Means they can easily lock our account if we have more value in our account. We have seen a lot of cases like that.
In that case, I prefer to go for Decentralized Exchanges. Because everything is in our hands even the transaction and we can see the real amount of traffic and real volume so I guess Decentralized is much better.
But I am facing one more issue there are no features. I have seen one project MeterQubes they are providing more services and features in Decentralized Exchange. So I guess this is the right time for Decentralized Exchanges to take a position in a market.
Here is the video of MeterQubes. I would like to know a suggestion about the community what they are saying about it?
Here is the video: https://www.youtube.com/watch?v=pZpW__JOM0Y
There are some disadvantages of Centralized exchange.
- 1: We can't say that the real amount of BTC or USD is real or not we can't even say in Binance that the traffic and volume are legit or not.
- 2: The authority of all transactions is in the hand of Admins (Means they can easily lock our account if we have more value in our account. We have seen a lot of cases like that.
In that case, I prefer to go for Decentralized Exchanges. Because everything is in our hands even the transaction and we can see the real amount of traffic and real volume so I guess Decentralized is much better.
But I am facing one more issue there are no features. I have seen one project MeterQubes they are providing more services and features in Decentralized Exchange. So I guess this is the right time for Decentralized Exchanges to take a position in a market.
Here is the video of MeterQubes. I would like to know a suggestion about the community what they are saying about it?
Here is the video: https://www.youtube.com/watch?v=pZpW__JOM0Y
In the first place, decentralized exchange was really good and better rather than centralized exchange.
But ever since, centralized based platform are most often listed at the top exchange in terms of top best exchange at the coinmarketcap.
I never see any DEX that has been part of the top 10 exchange in the market. And I don't know why?
I like the concept but Decentralized exchanges are not ready yet, they lack volume and friendly interface, plus you can't do active trading and your orders wont get fill easily, For these reasons, I still use centralized exchanges as main platform to do my active trading, The only case when I use decentralized exchange is to get some tokens that are not available on big platforms.
I like decentralised transactions because you don't need to identify through Private - keys you can buy - sell on decentralised exchanges like IDEX, ETherdelta, ForDelta.
Centralised exchanges always set limits on accounts not through KYC, and this I don't feel happy. I prefer decentralised exchanges over Centralized exchanges.
Centralised exchanges always set limits on accounts not through KYC, and this I don't feel happy. I prefer decentralised exchanges over Centralized exchanges.
Decentralization, in this case basically means having full control over your own money. Introducing this concept to trading is a game-changer as it means there is elimination of all the unnecessary intermediaries involved in modern trade. Transaction fees are also greatly reduced in this scenario not forgetting the swiftness involved in the processing of transactions. Decentralized trading helps one save money and time which is what everyone wants while trading.
Each exchange will have advantage and disadvantage. The decentralized exchange will be a freedom for the user to manage their funds directly while in a centralized exchange, we need the third party to control. So that depends on the user itself, which exchange he wants to use. If he prefers a decentralized exchange, then he can do that while the other people prefer to use the centralized exchange. Every people will have their option on where they want to trade, and maybe some of them prefer both exchanges.
Its as if when the discussion is about exchanges, the discussion is mostly limited to centralized and decentralized whereas there is a third option which is the peer to peer site such as localbitcoin and paxful. In those platforms, there is no issue of maybe the volumes are real or the price of bitcoin is what is really applicable. You get to trade with individuals, you set your prices and you see various prices from others. There is also a review to be left on traders that have distinguished themselves and the unique thing is, there is an inbuilt escrow that seeks to ensure all parties fulfills their own part of the contract in addition to the availability of moderators to come into the matter if things are not done the right way. For me, this supersede whether decentralized exchange or centralized exchange platforms.
But I am facing one more issue there are no features. I have seen one project MeterQubes they are providing more services and features in Decentralized Exchange. So I guess this is the right time for Decentralized Exchanges to take a position in a market.
Here is the video of MeterQubes. I would like to know a suggestion about the community what they are saying about it?
Here is the video: https://www.youtube.com/watch?v=pZpW__JOM0Y
I guess it can't have everything.
One of the lacking of exchanges whether centralized or decentralized is that they don't have all the features àn investor will want.
So it's best to choose the top priority which is been able to control your funds without external party or third party.
From my experience centralized exchanges at present were serving good than the decentralized exchanges. I state this because if we encounter some issue we can request the support team and get the issues sorted.
With decentralized exchanges we are responsible for everything happening through the exchange. In future decentralized exchanges will be much preferred by the users, and right now most of the decentralized exchanges have low volumes which isn't good for trading.
With decentralized exchanges we are responsible for everything happening through the exchange. In future decentralized exchanges will be much preferred by the users, and right now most of the decentralized exchanges have low volumes which isn't good for trading.
I don't think so your statement is correct here. If we face any issue with the exchange, even decentralized exchanges help in getting the issue resolved. Unless, if the issue is not with our wallet. From exchanging a coin till we receive in our wallet, DEXs are responsible for that. After it is sent to our wallet, it is our responsibility to secure our coins.
>> In my opinion, Trading on decentralized exchanges are more secure than Centralized exchanges. On Centralized exchanges, you will not have control over your funds. There will some third parties involved in it. If the exchange gets hacked then your funds will be lost. The best example for this is Mt.Gox where Bitcoins were stolen because of its poor security.
On decentralized exchanges, there is no third party involved. You can directly buy and sell your coins. You will have control over your funds.
Decentralized and centralized exchanges have their own advantages and disadvantages. From my experience centralized exchanges at present were serving good than the decentralized exchanges. I state this because if we encounter some issue we can request the support team and get the issues sorted.
With decentralized exchanges we are responsible for everything happening through the exchange. In future decentralized exchanges will be much preferred by the users, and right now most of the decentralized exchanges have low volumes which isn't good for trading.
With decentralized exchanges we are responsible for everything happening through the exchange. In future decentralized exchanges will be much preferred by the users, and right now most of the decentralized exchanges have low volumes which isn't good for trading.
I think the two types of places of exchange there is no problem for trading that is certain if you want to create a place of exchange must have a very high security system and as much as possible to remain careful when trading, secure the assets you have.
Both has pros and cons while using it but as far now CEX doing better comparitively with DEX so people who trade often will pick centralized exchanges but they should understand the risk of trading on it and also their KYC policies sucks sometimes.
Current decentralized exchanges face issues such as being difficult to use with newbies, lacking in powerful features (what I don't like about decentralized exchanges is charting and lack of stoplimit orders), blocks The transaction volume is too small. Even Binance DEX trading volume is very low.
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