DEX may be the future of our industry but for this they need even more users than now
If they need more users than they are now, then the DEX developer should provide an even more attractive touch for everyone so that their users can easily increase from now onwards.
Topic: DEX must take over - page 3. (Read 759 times)
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
The court can ask anything if the business is established within its country range. And as usual for centralized exchanges, they'll give everything the court is asking to them and they need to provide it without questioning.It can be related to investigation, theft, taxation and other personal matters.
DEXs are still not yet getting much attention. But as long as they'll remain and we have set of choices, we'll never know someday if the choice of the people will change and getting from CEXs to DEXs.
We are in the Era of technology, which really required changes, through upgrade decentralized cryptocurrency exchange platform into dex exchange for a higher version platform, with a high speed internet operating system for any given transaction.
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
The fact of the matter is that dexes cannot be mass adopted till the time when they start offering better interface, better speed, better features, better opportunities and better volumes as compared to centralized exchanges so without these developments and requirements dex supremacy will remain a dream.Hard to maintain good liquidity as most DEXs have a lot of crap tokens. So once the pump and dump is over for that token, there will be no more trading volume afterwards. And the cycle goes on for every token listed. Very few quality projects can sustain their trading volume in DEX. And so dex can't compete with centralized exchanges, at least with CEX, if your coin is good and at the top, they can sustain their trading activity in longer basis.
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
The fact of the matter is that dexes cannot be mass adopted till the time when they start offering better interface, better speed, better features, better opportunities and better volumes as compared to centralized exchanges so without these developments and requirements dex supremacy will remain a dream. 
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
of course dex will take over cex buddy, i'm sure about that
because now in slowly but surely decentralized exchange start showing its power my friend
a lot of issue with centralized exchange, then we need to protect our privacy too, with decentralized exchange most of issue on centralized exchange solved
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
I think that most people in the forum will agree with your feelings about this topic, but people are not going to adopt decentralized exchanges just because of an ideology, and what better example of this than bitcoin, the growth in adoption that we are seeing from bitcoin coming from institutional investors is not coming from the ideology behind bitcoin, they are seeing that governments are printing a lot money and they are looking for a way to store their wealth and they are finding in bitcoin a good option to do it, they are being pragmatic about it, and if we want people to adopt decentralized exchanges then they need to become better than their centralized counterparts and until they do so very few people are going to use them. 
DEX may be the future of our industry but for this they need even more users than now
DEX industry will continue to grow, this is the market front, and very safe,
look at Uniswap the only DEX that is able to compete with other exchanges,
You are only considering one side which is the issue of government regulations and secure of your wallet but you have failed to realized that DEX have low liquidity due to less traders. Many proclaimed DEX are not totally DEX and many of them require exorbitant transaction fee which make me prefer large CEX platform that tend to be better. My experience using etherdelta is the worst I've witnessed in crypto
There are 2 options for us to evaluate Cex or Dex better. The question is can you afford the very high fees at Dex? In addition to the high cost, where the volume is also very low, the analysis also becomes very difficult.
Personally, I would choose Cex. Even though they hold the money of all of us we can still choose reputable exchanges so our assets are less risky, the choice is the Binance exchange.
They have an insurance fund to prevent when investors lose too much money, they can still compensate. Plus they have a lot of trading functionality and the fees are extremely low. They also opened a nationwide OTC service.
There is so much convenience in Binance, so why do we choose Dex for?
Personally, I would choose Cex. Even though they hold the money of all of us we can still choose reputable exchanges so our assets are less risky, the choice is the Binance exchange.
They have an insurance fund to prevent when investors lose too much money, they can still compensate. Plus they have a lot of trading functionality and the fees are extremely low. They also opened a nationwide OTC service.
There is so much convenience in Binance, so why do we choose Dex for?
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
Yes, dexdefinitely goes with the concept of the cryprocurrencies but to be honest i am in favor of a hybrid structure just because some people will exploit dexes and scam. Just like we have seen people raising funds for scam projects at uniswap and then rug pulling so truly decentralized system can carry its own disadvantages as well. 
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
I do not think that they "must" take over. They could take over because they look like they are pretty good but the fee structure kills it for now. Uniswap for example is better than any other exchange I have ever seen yet when it comes to exchanging via uniswap you pay a lot of fee and that is why it may not get too much traction in the future.Why it became huge was the liquidity providing, when a lot of bad coins or low level coins figured out a way to sell their coins and get out of it, people did that at first and got rid of all the useless coins they had, sometimes even for a loss because of the fees but they still wanted to get rid of it. That caused the initial launch to have a lot of volume, now it is much lower than that but still quite high. I assume if fee's could be managed, they can take over.
I'm sure that centralized exchanges will still have a place in crypto space for many years to come, it can't be denied that centralized exchanges have the highest liquidity and volumes this is one big problem for DEX, what DEX offers is security but lacks every other things, Centralized exchanges like binance are expanding their platform making crypto more easier to acquire around the world, right now binance exchange beat every single exchanges in crypto world.
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
Do you have any link to back up your claim?
Why do you think many traders stick to centralized exchanges despite growth and trend of Dexes in 2020.
I can't speak generally for all centralized exchanges but I can assure you that binance has been one of the amazing exchange I use with their unique features.
- You can withdraw fiat from cex if you are verified, don't tell me you will keep holding tokens from wallet to wallet.You will definitely need to sell and hence you still need to be verify to exchange tokens to fiat even on p2p platform.
- Some incentives to keep the volumes coming such as trading competition for traders and holders. Decentralized exchanges don't have most of these features.
Binance is almost a DEX if you are not going thru KYC but the limit will be 2 BTC.
That's okay for me. But not everyone agrees with that.
You will need to abide by the law if you want to go further.
Issues like tax evasion and money laundering were why DEX's cannot be approved in different countries.
Which leads to just using CEX without a given option.
Consider the support also. When you create one without volume then it will not be populated.
I am using IDEX before but I need to switch if I want movement with my profits.
That's okay for me. But not everyone agrees with that.
You will need to abide by the law if you want to go further.
Issues like tax evasion and money laundering were why DEX's cannot be approved in different countries.
Which leads to just using CEX without a given option.
Consider the support also. When you create one without volume then it will not be populated.
I am using IDEX before but I need to switch if I want movement with my profits.
DEX may be the future of our industry but for this they need even more users than now
I disagree with this point OP, we need both DEX and CEX exchanges in crypto space, they both have their advantages and disadvantages and it's left for users to choose which one they like using, the word 'decentralized' is like a hoax to me because I believe that anything that's created by humans can be tampered with, DEX can't be 100% trusted as well
safer for what? Do you think dex is fully decentralized? it looks like you never saw how fork delta was getting sued by SEC in the past. I suggest you read some news about that. It's the old news but it has proven if the dex can't be different than cex. The dex is always having the creator and the government will always try to trace the creator of dex and then sued him.
Dex and Cex will be alive together. What we need just a trusted exchange site.
Dex and Cex will be alive together. What we need just a trusted exchange site.
Top centralized exchanges aren't forcing their users to pass KYC, I have no problem with centralized exchanges unless they are forcing people to do KYC before trading and withdrawing, you can still trade on binance and huobi without KYC approval, Dex isn't a good place for me because it's not as easy as centralized exchanges, dex also lacks good liquidity too
Everyone wants this but it needs a lot of improvements. We have already IDEX, remember? People used to list similar token with fake contract before actual token gets listed. If DEX can avoid/prevent such scams, it will be adopted by masses. Otherwise, when even crypto-centric people don't trust them, how on earth normal people will perform their very first trade on DEX?
It is very hard to have such kind of restriction because it is decentralized. It is really on the user how he can avoid getting fake tokens in dex by double checking the smart contract of the particular token. This is one of the disadvantages of dex, they can't put so much restriction, unlike centralized exchanges, they can list according to their guidelines and delist scam/crap tokens.
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