DEX must take over - page 2. | Bitcointalksearch.org

RealMalatesta

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Quote from: suzanne5223 on November 22, 2020, 05:46:05 PM

Quote from: Eco_111 on November 21, 2020, 01:15:07 AM

Decentralized exchanges need to take over centralized exchanges in the future, going fully decentralized is what makes more sense around crypto, centralized exchanges can be controlled by the law and government, I heard court is asking users data from centralized exchanges too, just imagine if all exchanges in crypto space are all DEXs, I know that DEX has its flaws too but it's safer than centralized exchanges

Is it completely understand that 90% of all cryptocurrency enthusiast and investors cherished their privacy which is the reason why I believe centralized exchange are the perfect exchange for the crypto community but the last time I checked centralized exchanges are not providing satisfactory service.

How did you come to conclusion that everyone in crypto cherish their privacy but they are fine with using cex? I mean if they cherish their privacy shouldn't people use dex instead? which is a lot more private and you do not give KYC and you basically stay as anon as possible? You must have mistaken dex and centralized exchanges because what you said is perfectly fit for dex instead of cex.

I believe there are tons of people who would love to stay anon, hell there are tons of people who use monero just because they want to stay anon, which is why I think people will stay with decentralized finance in order to keep staying anon without showing anyone who they are and not sharing their KYC with companies who will notify governments on each of your moves to be taxed.

Entei

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I completely agree with DEX being established but the market is traumatized and mainly the old investors who were deceived by CryptoBridge who was an example of DEX for a long time but who was led by government pressures and established KYC. I am not against KYC but if the purpose of the project is financial freedom 100% decentralized and not governed by institutions because it would later establish a centralized system? The big problem for the current DEX is the pressure of the institutions and if this has not been solved, no DEX will come out of the paper or idea.

suzanne5223

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Quote from: aditasetia123 on November 22, 2020, 06:20:23 PM

Quote from: suzanne5223 on November 22, 2020, 05:46:05 PM

Quote from: Eco_111 on November 21, 2020, 01:15:07 AM

Decentralized exchanges need to take over centralized exchanges in the future, going fully decentralized is what makes more sense around crypto, centralized exchanges can be controlled by the law and government, I heard court is asking users data from centralized exchanges too, just imagine if all exchanges in crypto space are all DEXs, I know that DEX has its flaws too but it's safer than centralized exchanges

Is it completely understand that 90% of all cryptocurrency enthusiast and investors cherished their privacy which is the reason why I believe centralized exchange are the perfect exchange for the crypto community but the last time I checked centralized exchanges are not providing satisfactory service.

and only decentralized could provide it, if we need privacy in our trading this is be option but we need another services which is not provided in cex maybe we will sacrifice our personal data when registering in dex. which is be more important for us ? privacy or features that support our trading activity?

This issue have been discussed before and it clearly that the inadequate characteristics with trading activities of the DEX was the reason why crypto traders and investors that value their privacy use CEX but if DEX mist take over as the OP stated I believe we need reasonable activities from the DEX exchange sites and theres chance that we may not achieve this now that the institutions and banks are joining the crypto investment.

jademaxsuy

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I agree because DEX is more comfortable when doing exchange like no one has controlled over with your funds. I do believe that there are many DEX that has a brighter future though centralized exchange can also do better but in times like this when bitcoin is in bullish trend and one wanting to sell bitcoin but the exchange will review your bitcoin holdings and you can't sell it anymore unless the exchange has done the review. This is not ideal right? So I agree that DEX should take over in bitcoin exchange.

disconnectme

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There is no doubt DEXes are going to hit so dip into CEFI market in coming years but for now, how in his own sense will trust DEXes with the huge amount of money CEFI is holding, hardly will a week goes now not reading about exploit in one of these DEFI products, there are still at their early years and with time they are going to get better in security

Festac

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Unfortunately DEX can't take over centralized exchanges for many reasons, DEX have no good volume, they have complicated dashboard too and that can be hard on newbies, centralized exchanges are the best place for crypto traders, the experience will always be different, DEX don't need to take over centralized exchanges, they are better off co-existing side by side.

michellee

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I think DEX doesn't need to take over CEX because people will choose what they want, and if they think that DEX can serve them better than CEX, they will use it. Many people still prefer CEX over DEX, and they are no problem if they need to verify their account by sending the document. If both DEX and CEX can work together and spread crypto to many people in many places, crypto will become more popular, and more people will use both DEX and CEX. After many people join the crypto world, both exchanges can grow bigger and have their own fans that will use their services. After all, people want to make more money from both exchanges, and if they can get more money, that means people will like both exchanges.

Adreman23

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The main objective of crypto currency is for decentralization cryptonians wants privacy especially when it comes to money and centralized exchanges do the opposite because they require their users to pass kyc so our identities are already revealed. When we say crypto, the exchange must be decentralize exchange so that it will not conflict to Satoshi's vision why he created bitcoin. Yes i believe decentralized exchanges are the future exchanges for crypto.

Nivia1st

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Quote from: Eco_111 on November 21, 2020, 01:15:07 AM

Decentralized exchanges need to take over centralized exchanges in the future, going fully decentralized is what makes more sense around crypto, centralized exchanges can be controlled by the law and government, I heard court is asking users data from centralized exchanges too, just imagine if all exchanges in crypto space are all DEXs, I know that DEX has its flaws too but it's safer than centralized exchanges

as long as transaction fees are still high it is difficult to get people to switch to DEX. just look at how much to pay just to transfer ERC20 tokens, the amount is sometimes not worth what you will get. this is a problem that must be resolved, and added to the many blockchain networks that exist today. it is difficult to create a DEX platform that supports all networks.

so CEX remains the best choice today, and DEX is only used as an alternative even in the future.

maxreish

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While DEX is starting to go popular, there are still some issues about it like easily hack dex platforms. They are in a verge of a testing stage though I admit DEX platforms are doing more advancements than Centralized platforms. But, dex has a low liquidity that is why traders still wanted cex (centralized exchange) when it comes to this.

But I am also optimistic that with the future improvements of DEX, it can definitely be take over in the future.

Hallmader

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This has been the call ever since. Bitcoin is decentralized. It is just logical that exchanges should also be decentralized. Decentralization is the battle cry of Bitcoin and of cryptocurrency in general. We already have a few decentralized exchanges but it seems the majority of the volume is still focused on centralized exchanges. Perhaps the efficiency in trading is in centralized exchanges. I hope DEXs would be able to compete so that traders would move over to them.

btc-facebook

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Quote from: boltz on November 22, 2020, 06:35:41 PM

The only centralized exchange I'm still using is Bittrex because it's old enough in order to trust it.

Bittrex is not a bad choice because I rarely hear Bittrex users getting complaints, but when compared between Okex and Bittrex, Bittrex is very far behind, specially if it's compared to Uniswap, I think people will prefer Uniswap over Bittre because in 2020 most people prefer DEX to CEX.

uray

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Quote from: Eco_111 on November 21, 2020, 01:15:07 AM

Decentralized exchanges need to take over centralized exchanges in the future, going fully decentralized is what makes more sense around crypto, centralized exchanges can be controlled by the law and government, I heard court is asking users data from centralized exchanges too, just imagine if all exchanges in crypto space are all DEXs, I know that DEX has its flaws too but it's safer than centralized exchanges

Assume that the government is after DEX, they can really shut down any exchange they want and make things difficult for anyone. Right now we are in a free zone where everything goes and i really doubt the future of privacy coins as well and whether we will be able to trade in centralized exchanges. The problem right now with DEX is that there is not much liquidity and i have not been to a DEX exchange in a very long time.

Aletheaminlin

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I do not understand this problem yet, but I see DEX is always preferred over for me personally. I've also found that some of the major exchanges or top blockchain platforms always have their own DEXs.

boltz

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Platforms like Blocknet , Komodo , Stakenet are already taking over slowly and steady over the market even if the price does not reflect it at the moment. People usually don't like the idea of doing KYC in order to deposit/withdraw coins and I find myself in this situation aswell where I stopped using CREX24 and other exchanges because I simply don't see the point of doing KYC just to trade my coins. The only centralized exchange I'm still using is Bittrex because it's old enough in order to trust it.

aditasetia123

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Quote from: suzanne5223 on November 22, 2020, 05:46:05 PM

Quote from: Eco_111 on November 21, 2020, 01:15:07 AM

Decentralized exchanges need to take over centralized exchanges in the future, going fully decentralized is what makes more sense around crypto, centralized exchanges can be controlled by the law and government, I heard court is asking users data from centralized exchanges too, just imagine if all exchanges in crypto space are all DEXs, I know that DEX has its flaws too but it's safer than centralized exchanges

Is it completely understand that 90% of all cryptocurrency enthusiast and investors cherished their privacy which is the reason why I believe centralized exchange are the perfect exchange for the crypto community but the last time I checked centralized exchanges are not providing satisfactory service.

and only decentralized could provide it, if we need privacy in our trading this is be option but we need another services which is not provided in cex maybe we will sacrifice our personal data when registering in dex. which is be more important for us ? privacy or features that support our trading activity?

Shasha80

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I doubt DEX will succeed in replacing CEX, because DEX cannot cashout crypto to fiat. And there are still many people who are
comfortable trading on CEX platforms, because we can trade crypto with fiat pairing and the profits we get can be transferred
directly to your bank account. So it is better if DEX and CEX go together and complement each other.

suzanne5223

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Quote from: Eco_111 on November 21, 2020, 01:15:07 AM

Decentralized exchanges need to take over centralized exchanges in the future, going fully decentralized is what makes more sense around crypto, centralized exchanges can be controlled by the law and government, I heard court is asking users data from centralized exchanges too, just imagine if all exchanges in crypto space are all DEXs, I know that DEX has its flaws too but it's safer than centralized exchanges

Is it completely understand that 90% of all cryptocurrency enthusiast and investors cherished their privacy which is the reason why I believe centralized exchange are the perfect exchange for the crypto community but the last time I checked centralized exchanges are not providing satisfactory service.

smyslov

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Quote from: Eco_111 on November 21, 2020, 01:15:07 AM

Decentralized exchanges need to take over centralized exchanges in the future, going fully decentralized is what makes more sense around crypto, centralized exchanges can be controlled by the law and government, I heard court is asking users data from centralized exchanges too, just imagine if all exchanges in crypto space are all DEXs, I know that DEX has its flaws too but it's safer than centralized exchanges

UNISWAP is now leading the way for decentralization just look on the volume so many users are now using UNISWAP, there are some risk trading on decentralized exchange and this is what newbies or first timers should know, there are also fake tokens on decentralized exchange this is something that newbies should be aware of.

Maybe in the future we'll have more decentralized exchange like UNISWAP.

viananda2525

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Quote from: Eco_111 on November 21, 2020, 01:15:07 AM

Decentralized exchanges need to take over centralized exchanges in the future, going fully decentralized is what makes more sense around crypto, centralized exchanges can be controlled by the law and government, I heard court is asking users data from centralized exchanges too, just imagine if all exchanges in crypto space are all DEXs, I know that DEX has its flaws too but it's safer than centralized exchanges

uniswap now do this , and we wait another decentralized exchanges do the same thing with uniswap. the keys is feature and services, if centralized exchanges could provide this feature like decentralized exchanges, i am sure traders prefer use CEX . this limitation so far be obstacle for CEX to attract new user . but uniswap slowly could realized our hope,

Topic: DEX must take over - page 2. (Read 789 times)