Decentralized or Centralized Trading? - page 2.

princerepon

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Quote from: Techspace0029 on August 08, 2019, 03:39:14 PM

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Now days people more attractive decentralized than centralized. People want to be a free from others. But in my opinion in some points centralized is more secure than decentralized. I don't think centralized platform is a thread for trading. Of course they are annoying for sometimes but they have to right do something to protect their platform though.

moneyball

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well we all know that the DEX is more secure then the centralized exchange(you have your private keys on the DEX) but if you are new to crypto the easyest way is to start with a centralized exchange

freedomgo

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Quote from: Kotone on September 24, 2019, 09:20:02 PM

Decentralized is okay but, to be safe centralized exchange is the trading platform I prefer. I dont mind KYC, cause Im not a huge trader and will definitely do trading below their KYC level activation. Everything is synchronize and well managed in a centralized exchange. But I must admit, dex is as flexible as it is, as Ive been using etherdelta (Forkdelta now) in some of my coins got from airdrop and bounty.

For me, I used both, I don't have to choose as both of them are useful.
However, when it comes to risking big money, I'd rather trust big exchanges which are normally centralized exchanges.

There are a lot of decentralized exchange in the market also but I haven't seen any exchange which has at least 100 million usd in trading volume, compared to centralized where they can reached even more than 1 billion 24 hours trading volume, like Binance and houbi. With that said, we already know that people in the space trust more centralized exchange compared to decentralized exchange.

binhvo1505

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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!

ethereumhunter

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We have a different experience in trading, and if you prefer to go with decentralized, then you can continue to use them. But I still prefer to use centralized exchange because, in that exchange, I can see they have many coins to trade, and I can pick one or more coins to try to analyze so I can make money. I know that means I need to follow their rule and I am okay with that.

Kotone

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Decentralized is okay but, to be safe centralized exchange is the trading platform I prefer. I dont mind KYC, cause Im not a huge trader and will definitely do trading below their KYC level activation. Everything is synchronize and well managed in a centralized exchange. But I must admit, dex is as flexible as it is, as Ive been using etherdelta (Forkdelta now) in some of my coins got from airdrop and bounty.

juperos

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Decentralized transactions are expensive fees and it's quite risky, because no one can guarantee our transactions. furthermore, trading in decentralized exchanges will not be as good as centralized exchanges.
Another important thing is that no DEX has stoploss yet, so trading there needs a lot of courage!

bcoinseliot

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I also prefer Decentralized exchanges.

dark08

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For so many years in trading industry I prefered to used centralized exchange site because its easy to understand the features of centralized compare to decentralized but I agree to your statement this two have a disadvantages and advantages function.

LeGaulois

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Quote

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.

- 1: You can, published researches can be found on this matter. We have even seen a consortium created for precisely this reason of transparency (and other reasons, of course). There is also the case of platforms that agree to be audited.

- 2: They can kick you out for anything, no matter the amount, but there are also external points, your assets could also disappear with a hack, from their side as well your, fake CEO death, company shut down,...

Quote

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.

Decentralized exchanges are still something primitive, and currently, it does not meet a distinct demand. The low volume generated and the lack of features don't make DEXs attractive either. That's why it's not something common/popular yet. Maybe in a few years, I hope it will be the case when people will realize how finally KYC bullshits are annoying.

Techspace0029

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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

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