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Topic: defi exch trading vs normal exch trading - page 2. (Read 390 times)

hero member
Activity: 2338
Merit: 953
Temporary forum vacation
September 28, 2020, 06:46:55 AM
#11
Good point here to say is that many people forget that these so called Defi exchanges are actually DEXs,,, no different. And many Defi are actually centralized companies whose smart contracts are not even truly open source. Many people are investing without not knowing what is going on and trusting companies.

No different from exchange trading except the promise of self custody.
jr. member
Activity: 345
Merit: 1
September 28, 2020, 06:05:56 AM
#10
defi hypes a lot for now, so as for me, huge volumes helps to earn more. But still defi platfroms are too young and unstable, so i prefer to use traditional trading. besides, just cex.io just announced Defi platform and there will be a possibility to purchase defi tokens with fiat money
yeah i also heard about that, just read somewhere that has cex.io 0% deposit fee for instant card buying crypto as a promo for defi platform running
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
September 27, 2020, 09:13:36 PM
#9
besides, just cex.io just announced Defi platform and there will be a possibility to purchase defi tokens with fiat money

You can already purchase these "defi" tokens through a lot of centralized exchanges though. Wrapped Bitcoin(wBTC) and Uniswap(UNI) are some of these so called "defi" coins, and they already have fiat pairs on Bitfinex.
jr. member
Activity: 153
Merit: 1
September 27, 2020, 08:41:57 PM
#8
defi hypes a lot for now, so as for me, huge volumes helps to earn more. But still defi platfroms are too young and unstable, so i prefer to use traditional trading. besides, just cex.io just announced Defi platform and there will be a possibility to purchase defi tokens with fiat money
full member
Activity: 1498
Merit: 146
September 23, 2020, 12:03:07 PM
#7
The truth is.. I would have DeFi exchange if its supports margin trading and if the Transaction fees are not high. But for now, I prefer the normal exchange because its a little bit faster. I only know that with time, DeFi will lead although the DeFi exchange trading volume is currently higher than most Centralized exchange. But it's still new.
Decentralized exchange allows traders to trade any token available which is the reason why number of project on defi platform was increased and made the trading volume to reach the new high on decentralized exchanges.Anyway now people started to realize a bit about the defi hype but still people were in the dream of getting another airdrop like UNI by continuous usage of DExs.
legendary
Activity: 2170
Merit: 1789
September 05, 2020, 05:08:11 AM
#6
DeFi exchange is not a really new term. Most of the times it refers to a dex with its own governance token, or none at all.

I only know that with time, DeFi will lead although the DeFi exchange trading volume is currently higher than most Centralized exchange. But it's still new.
That won't come if atomic swap is not widely supported. Most DeFi/decentralized exchanges lacks volume due to its limited usage. Uniswap is just rising in action due to the DeFi hype. Before, the volume is not that great compared to other dexes.
member
Activity: 898
Merit: 19
Do it For Better Humanity (Bitget trader)
September 04, 2020, 02:42:23 PM
#5
The truth is.. I would have DeFi exchange if its supports margin trading and if the Transaction fees are not high. But for now, I prefer the normal exchange because its a little bit faster. I only know that with time, DeFi will lead although the DeFi exchange trading volume is currently higher than most Centralized exchange. But it's still new.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
September 04, 2020, 06:22:28 AM
#4
In summary:

With custodial or "normal" exchange trading, you send over your funds to wallets these exchanges control. Making trades instantaneous, but leaving your funds more susceptible to hacks.

On the other hand, with non-custodial or "defi" exchange trading, you're going to use and connect your non-custodial wallet(e.g. Metamask, MEW, etc) to these non-custodial exchanges for you to be able to exchange your coins/tokens. Downside being you're going to make an on-chain transaction after every trade(which can be slow and costly, because fees), but with an advantage of putting your funds at less risk of hackings.
legendary
Activity: 1932
Merit: 4602
September 04, 2020, 06:19:17 AM
#3
whats the difference b/w normal exch trading & defi exch   trading ??

try reading a little about the defi ecosystem yourself.
I see great promise for decentralized exchanges in the future. Real decentralized exchanges always have a code above the law.
No one can block or confiscate your funds, but read this:
https://bitcointalksearch.org/topic/stablecoins-and-blacklists-5247581

Start with this topic, the main sites are written at the beginning, this is enough to get the necessary information
https://bitcointalksearch.org/topic/defi-eth-financial-ecosystem-september-2019-5198245

and be sure to read the book:

https://landing.coingecko.com/how-to-defi/

"How To DeFi
Decentralized Finance (DeFi) is fast disrupting the traditional financial sector. How To DeFi is a must-read book for anyone looking to understand DeFi. It is packed with simple explanations and step-by-step guides to help you understand and get started in this fast-developing ecosystem."

legendary
Activity: 1554
Merit: 2037
September 02, 2020, 01:46:57 AM
#2
Was this posted in meta as an example of what to expect from an account that's more than 10 months old has nearly 300 posts and not a single merit.

Learn where to post your questions. Move this to Trading Discussion
jr. member
Activity: 1218
Merit: 1
September 02, 2020, 01:05:04 AM
#1
whats the difference b/w normal exch trading & defi exch   trading ??
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