Topic: Decentralized Vs Centralized Exchanges - page 3. (Read 854 times)
The attractive value of cryptocurrency is the fact that its decentralized, Its free to roam, earn profits, and the control of its value is based on the market forces, when it comes to exchanges however, its better for the exchanges to be centralized as this is the only way to ensure that only credible coins are listed, if not then there will be a disadvantage as even the scam projects will be enlisted, regulation ensures only high quality coins are included in the exchange platforms
I prefer decentralized exchanges as it is less prone to hacks and are truly p2p. Centralized exchanges on the other hand are target of hackers, has high trading and withdrawal fees, doesn't guarantee a solid security and cost high to list other coins. CEX are the very entity that cryptocurrencies are trying to defeat but sadly, it is more used by the people.
The average Joe doesn't find decentralized exchanges really user-friendly and find it difficult to use. With the regulations increasing people should take a look on DEX more closely because in some years they may be more used that centralized exchanges
Most of the popular exchanges have been hacked once and surely more than the DEXs so I am not sure if it's right to say centralized are the best in terms of security...
May be centralised are best in terms of your security and safety too.
Most of the popular exchanges have been hacked once and surely more than the DEXs so I am not sure if it's right to say centralized are the best in terms of security...
That is true. The friendliest one I've experienced is WAVES Dex, although I have seen some other DEX demonstration on a beta app that looked really attractive, with simple cross-chain swap functions, but yeah, easy to speculate on how great your product is but it means little until it's a working product. Whatever else I've tried is clunky and inspires no confidence for the regular person afraid to make mistakes and lose funds.
Bancor recently got hacked, and if I'm not mistaken, aren't they supposed to be a sort of decentralised exchange? Or liquidity platform or something?
Hello guys, hope you are doing well 
With the rise of ICOs and new projects working on Decentralized exchanges (DEX) and raising millions, I'm wondered how people in the crypto community perceive it and why a lot prefers DEX rather than centralized exchanges. Indeed we have seen many interesting projects with hype, such as IDEX, Waves or Stellar, and some looks really promising like NEONEX.
Decentralized Vs Centralized exchanges: Where do you stand? And why?
I bet on centralized exchanges because it has third party service to extra protect our funds even with more fees to pay. Decentralized exchanges are prone to hacker attacks since it has only a main system to hold their customer's funds. Centralized exchanges limits our move because they want their customer to be secure and no conflicts between the buyer and seller. With the rise of ICOs and new projects working on Decentralized exchanges (DEX) and raising millions, I'm wondered how people in the crypto community perceive it and why a lot prefers DEX rather than centralized exchanges. Indeed we have seen many interesting projects with hype, such as IDEX, Waves or Stellar, and some looks really promising like NEONEX.
Decentralized Vs Centralized exchanges: Where do you stand? And why?
I appreciate decentralised exchanges like IDEX because it's the simplest solution for you to make instant exchanges without worrying about having to perform multiple procedures or be restricted Money in the 24 hours as the focus floor.
I prefer centralised exchanges, they offer a nicer user interference, better security features and have a lot of coins available for trading. Until Decentralised exchanges implement better features and a nicer interface I don't see them competing with he centralised exchanges.
Even me, I would also prefer a centralised exchange because what ever discrepancies happen you have the rights to complaint to whom it may concern but in decentralised exchange you get what you do, you get what you may not supposed to get and you can't complaint with respecting action from the implementor. 
Hello guys, hope you are doing well
With the rise of ICOs and new projects working on Decentralized exchanges (DEX) and raising millions, I'm wondered how people in the crypto community perceive it and why a lot prefers DEX rather than centralized exchanges. Indeed we have seen many interesting projects with hype, such as IDEX, Waves or Stellar, and some looks really promising like NEONEX.
Decentralized Vs Centralized exchanges: Where do you stand? And why?
For me, i will prefer to choose decentralized system than centralized system. This is because the decentralized system can give us more access and freedom to our own assets than centralized system. With the rise of ICOs and new projects working on Decentralized exchanges (DEX) and raising millions, I'm wondered how people in the crypto community perceive it and why a lot prefers DEX rather than centralized exchanges. Indeed we have seen many interesting projects with hype, such as IDEX, Waves or Stellar, and some looks really promising like NEONEX.
Decentralized Vs Centralized exchanges: Where do you stand? And why?
Decentralised: - cant handle high load, low liquidity, risk of poor implemented systems locking or losing tokens with no one taking responsibility. No fiat gateway likely. Bypass KYC/AML so regulators may see as threat. + bypass KYC, no limits on withdraw amounts, lower risk of direct hack
Centralised: - higher risk of hack, also can have low liquidity and struggle with load, rubbish support not taking responsibility. + can support high load and liquidity, regulatory compliance offers mainstream adoption. offer some support.
Really it doesnt matter the model used, unless they are well designed amd implemented in terms of code, infrastructure and support, they will be poor. centralised exchanges have the opportunity to be better as there is more interest (profit) in producing a stable, quality platform. decentralised is nice for the purists and potential to be better *if* someone puts in the effort without reward to build it properly.
Centralised: - higher risk of hack, also can have low liquidity and struggle with load, rubbish support not taking responsibility. + can support high load and liquidity, regulatory compliance offers mainstream adoption. offer some support.
Really it doesnt matter the model used, unless they are well designed amd implemented in terms of code, infrastructure and support, they will be poor. centralised exchanges have the opportunity to be better as there is more interest (profit) in producing a stable, quality platform. decentralised is nice for the purists and potential to be better *if* someone puts in the effort without reward to build it properly.
Decentralised so it gets more difficult for governments and hackers to take them down
By the way, NeoNEX will be hugeee guysss
By the way, NeoNEX will be hugeee guysss
I will prefer decentralized exchange because a decentralized exchange is an exchange market that does not rely on a third party service to hold the customer's funds. Instead, trades occur directly between users (peer to peer) through an automated process. This system can be achieved by creating proxy tokens (crypto assets that represent a certain fiat or crypto currency) or assets (that can represent shares in a company for example) or through a decentralized multi-signature escrow system, among other solutions that are currently being developed
Dex is a very safe exchange place compared to the exchange of Centralized Exchanges. For non-socialized and centralized exchanges are exchanges that do not allow users to control the private key of their crypto funds, and vice versa, they store the key on a centralized server or database. this exchange of Centralized Exchanges creates a gap for hackers to hack, so it's more dangerous and risky.
Centralize exchange offers the services that decentralize exchange don't , when you are in need of support, the haste which you get replied by a customer service of a centralized exchange can't be be compared to decentralized exchange.
It is important that the bitcoins and cryptos are decentralized, but we have seen that the decentralized stock exchanges to date have not been sufficient in terms of volume. For this reason, centralized stock markets are more useful.
Both are prone to hacking. You can never really trust be sure of an exchange's security wether it's centralized or decentralized.
yes but the hack scenarios are very different from each other.
the centralized exchange hack happens one time and in that time they steal everything. like hacking $20 million in one go.
but in case of a decentralized exchange since there is no one entity holding all the funds they have to hack every person so it is harder and the resulting loss is smaller.
Both are prone to hacking. You can never really trust be sure of an exchange's security wether it's centralized or decentralized.
There's just not much volume in decentralized exchanges that only small traders use it. It's also not easy to use for average users.
There's just not much volume in decentralized exchanges that only small traders use it. It's also not easy to use for average users.
Hello guys, hope you are doing well
With the rise of ICOs and new projects working on Decentralized exchanges (DEX) and raising millions, I'm wondered how people in the crypto community perceive it and why a lot prefers DEX rather than centralized exchanges. Indeed we have seen many interesting projects with hype, such as IDEX, Waves or Stellar, and some looks really promising like NEONEX.
Decentralized Vs Centralized exchanges: Where do you stand? And why?
With the rise of ICOs and new projects working on Decentralized exchanges (DEX) and raising millions, I'm wondered how people in the crypto community perceive it and why a lot prefers DEX rather than centralized exchanges. Indeed we have seen many interesting projects with hype, such as IDEX, Waves or Stellar, and some looks really promising like NEONEX.
Decentralized Vs Centralized exchanges: Where do you stand? And why?
I personally like decentralized exchanges, generally they don't have hefty fees like centralized exchanges.
Btw recent bancor hack busted the myth of decentralized exchanged are full proof against hacks.
everyone would prefer decentralized exchanges but only if they were good enough to satisfy their trading needs. one of the biggest problems that i see with decentralized exchanges is that they are not easy to use and not as user friendly as they should be. this means people still go to centralized exchanges instead.
in my opinion decentralized exchanges are far more better than the centralized ones becuase recently we have seen more than 7 hacks in only 1,5 months whereas no centralized exchange have taken the responsibility on the other hand no dex was hacked.
I prefer centralised exchanges, they offer a nicer user interference, better security features and have a lot of coins available for trading. Until Decentralised exchanges implement better features and a nicer interface I don't see them competing with he centralised exchanges.
Since cryptocurrency is design with a sole motive of being decentralized in nature I think decentralized exchange will be the best option because exchanging a decentralized commodity on a centralized exchange is like putting it or subjecting it to what is originally not design for it which will lead to it to be conditioned to adopt centralized processing which is outside it domain.
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