Topic: Decentralized vs centralized cryptocurrency exchanges, which one is better? - page 3. (Read 1147 times)
March 28, 2019, 01:28:15 PM
For now, centralized exchange is better because of the issues of volume and interoperability. If decentralized exchange cab solved those two issues then centralized exchange will lose value because many will prefer an exchange platform that they have full control over their activities and funds.
March 28, 2019, 01:02:24 PM
I personally prefer centralised exchanges, they are very easy to use and although I am a blockchain enthusiast and love everything built on blockchain, I tend to dislike decentralised exchanges, trading on centralised exchanges is very fast and fees are very low.
I do prefer decentralising exchange because you have the control of your passkey and that is what is most important in blockchain technology and decentralized system compared to the third party system and the centralized exchange. However, because of the ways majority of the centralized exchanges like : poloniex, bittrex, binance, cryptopia and hitbtc has performed we tent to like centralized exchanges more than the decentralising one. In centralized exchanges our fund is not safe and it can be easily been manipulated but decentralized one help in safeguard our funds. March 28, 2019, 12:49:19 PM
I think it's hard to say which kind of exchanges is better. For decentralized exchanges, a plus is their reliability and security, and for centralized exchanges, a plus is speed and convenience. I think that in the future a direct exchange of cryptocurrencies will be made through the gateway, and not through exchanges as it is now. But it will not be soon. In the meantime, I advise everyone not to waste time and invest in promising coins such as Tera Smart Money or Sound Money Coin!
March 28, 2019, 11:51:56 AM
Huobi unveiled the statistics of the first IEO on the Huobi Prime platform
The Huobi cryptocurrency exchange shared some statistical data regarding the IEO of the TOP Network project on its Huobi Prime platform.
In total, 3,764 users could take part in the campaign, sharing between themselves 1.5 billion TOP tokens during three sales rounds, the first of which ended in 7 seconds, the second - in 5, the third - in 7. In total, about 130 000 people tried to acquire tokens.
The Huobi cryptocurrency exchange shared some statistical data regarding the IEO of the TOP Network project on its Huobi Prime platform.
In total, 3,764 users could take part in the campaign, sharing between themselves 1.5 billion TOP tokens during three sales rounds, the first of which ended in 7 seconds, the second - in 5, the third - in 7. In total, about 130 000 people tried to acquire tokens.
March 27, 2019, 08:31:31 AM
Kraken creates a division to ensure the security of a cryptocurrency ecosystem
In the light of various incidents with the hacking of trading platforms and other services, Kraken intends to take a series of measures aimed at improving the security of its product and the cryptocurrency ecosystem as a whole.
As a primary measure to increase security, Kraken introduced mandatory two-factor authentication for the accounts of all its users. The option has been available since September 2013, but until recently it was activated voluntarily.
The Kraken Security Labs division will be formed on the basis of the exchange, whose task will be to increase the security of the entire cryptocurrency ecosystem by checking the vulnerability of third-party products, such as hardware, software wallets, etc.
In the light of various incidents with the hacking of trading platforms and other services, Kraken intends to take a series of measures aimed at improving the security of its product and the cryptocurrency ecosystem as a whole.
As a primary measure to increase security, Kraken introduced mandatory two-factor authentication for the accounts of all its users. The option has been available since September 2013, but until recently it was activated voluntarily.
The Kraken Security Labs division will be formed on the basis of the exchange, whose task will be to increase the security of the entire cryptocurrency ecosystem by checking the vulnerability of third-party products, such as hardware, software wallets, etc.
March 26, 2019, 11:24:48 AM
For me decentralized is it, I like my anonymity a great but the issue is that most people find using the decentralized confusing and at such most losses their coins
March 26, 2019, 10:28:41 AM
The truth is funds security matters a lot and can't be traded for anything, this is the main reason why I always prefer decentralized exchanges as it gives me the feeling that I am safe and secured while trading.
If you put in the required effort to keep your funds safe on your own then yes, but if you aren't well equipped with security knowledge yourself centralized exchanges with regulation are fine.
March 26, 2019, 09:58:06 AM
OKEx cryptocurrency exchange will launch a decentralized trading platform on the OKCHain blockchain
Currently, the OKChain blockchain is in the final stages of development. According to the company, the launch of the test network is scheduled for June this year. After the network becomes stable enough, OKB’s own token will be transferred to it, which will later be used to pay commissions, as well as in its own decentralized network applications.
However, the most important purpose of OKChain is to launch the OKDEx decentralized exchange, on which pre-sales will be created using the OKB token.
Currently, the OKChain blockchain is in the final stages of development. According to the company, the launch of the test network is scheduled for June this year. After the network becomes stable enough, OKB’s own token will be transferred to it, which will later be used to pay commissions, as well as in its own decentralized network applications.
However, the most important purpose of OKChain is to launch the OKDEx decentralized exchange, on which pre-sales will be created using the OKB token.
March 26, 2019, 04:25:25 AM
DEX being slow will soon be history with nash.io going live for public somewere June or July and add BTC pairs Q4 2019
Now think about Nash’s value proposition in relation to these CEX exchanges:
Regulatory Complians Check
Performans Check
Secure non custodian Check
Fiat on/off ramps Check
International Check
BETA launch on 31 March so Open your NASH account its by invite only:
https://nash.io/referrals?code=kukTp3
Now think about Nash’s value proposition in relation to these CEX exchanges:
Regulatory Complians Check
Performans Check
Secure non custodian Check
Fiat on/off ramps Check
International Check
BETA launch on 31 March so Open your NASH account its by invite only:
https://nash.io/referrals?code=kukTp3
March 25, 2019, 10:34:58 AM
KUCOIN CRYPTOCURRENCY EXCHANGE ANNOUNCED CONDUCTING THE FIRST IEO ON ITS OWN KUCOIN SPOTLIGHT PLATFORM
Representatives of KuCoin cryptocurrency exchange shared information regarding the first IEO on their KuCoin Spotlight platform.
While the exchange has not published the details of the upcoming crowdsale. As previously reported, the distribution of tokens will be conducted in the order of receipt of applications from verified users. The sale will be carried out for its own digital currency exchange KCS.
Representatives of KuCoin cryptocurrency exchange shared information regarding the first IEO on their KuCoin Spotlight platform.
While the exchange has not published the details of the upcoming crowdsale. As previously reported, the distribution of tokens will be conducted in the order of receipt of applications from verified users. The sale will be carried out for its own digital currency exchange KCS.
March 21, 2019, 01:07:15 PM
I prefer centralized exchange because it is faster than decentralized exchange.
But the disadvantage of centralized exchange is, your coins are stored in exchange wallet, not your own wallet.
The best security for storing your coins is by using your own wallet. So, i just using exchange wallet only for buying or selling.
But the disadvantage of centralized exchange is, your coins are stored in exchange wallet, not your own wallet.
The best security for storing your coins is by using your own wallet. So, i just using exchange wallet only for buying or selling.
That's what people say who never lost funds on a centralized exchange. Once that happens to you you will see the importance of having both possibilities for trading.
March 21, 2019, 01:06:05 PM
To answer this question, you and I need to understand that history has already shown us the use of centralization in human history. I see that now there are real opportunities for the use of decentralization. I see that there are a number of people who accept this, but there are very few of us.
March 20, 2019, 09:44:26 PM
I prefer centralized exchange because it is faster than decentralized exchange.
But the disadvantage of centralized exchange is, your coins are stored in exchange wallet, not your own wallet.
The best security for storing your coins is by using your own wallet. So, i just using exchange wallet only for buying or selling.
But the disadvantage of centralized exchange is, your coins are stored in exchange wallet, not your own wallet.
The best security for storing your coins is by using your own wallet. So, i just using exchange wallet only for buying or selling.
March 20, 2019, 04:06:23 PM
The truth is funds security matters a lot and can't be traded for anything, this is the main reason why I always prefer decentralized exchanges as it gives me the feeling that I am safe and secured while trading.
If you put in the required effort to keep your funds safe on your own then yes, but if you aren't well equipped with security knowledge yourself centralized exchanges with regulation are fine.
March 20, 2019, 02:19:01 PM
The truth is funds security matters a lot and can't be traded for anything, this is the main reason why I always prefer decentralized exchanges as it gives me the feeling that I am safe and secured while trading.
March 20, 2019, 01:29:03 PM
I always prefer decentralised exchange over centralised one. Cause I don't like to give the access of my wallet to other exchange. That's why I like decentralised one. But there is a lots of problem in decentralised exchange the main problem is volume. In most of the coins there is almost no volume. The txn rate is also very low. So may be I like decentralised one but everyone have to use centralised cause there is less scam, more volume easy to take care of first fund.
March 20, 2019, 01:18:59 PM
Both offers different types of experience to users. Centralized exchanges offers a user-friendly interface which makes trading easy while decentralized exchanges offers optimum securtiy of users funds. But for me, I will go for decentralized exchanges any time any day.
March 20, 2019, 12:58:49 PM
While decentralized exchanges are better for the safety of your coins, centralized exchanges are lot easier to use and have much lower trading fees. You could use both.
March 20, 2019, 12:55:12 PM
If you are interested in starting the cryptocurrency exchange business, we are ready to help!
You can write to me here or in the telegram @YasyaICO
You can write to me here or in the telegram @YasyaICO
March 19, 2019, 01:12:32 PM
It becomes incomprehensible to me why many people begin to forget the whole meaning of cryptocurrency and the whole idea of decentralization. I think that today many people should understand that it is the decentralization that should attract people and that it should be rewarded today.
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