Topic: How would crypto fare without centralized exchanges? (Read 797 times)

As long as there's a single country supporting crypto/Blockchain tech, centralized exchanges won't be going anywhere soon. I doubt all of the world's governments will turn against crypto since it brings huge taxation benefits in the long term. Decentralized exchanges are good, but they can't outmatch their centralized counterparts in terms of performance and ease-of-use. They'll only remain as an alternative than a replacement of traditional exchanges.

Ultimately, people will get to decide which type of exchange to use for their own benefit. With how far crypto has gone so far, it seems that centralized exchanges will be here to stay for a long, long time. Just my opinion

I agree with the review you said because in the country where I live now such a thing has also been implemented so that when there is a cryptocurrency transaction on several local exchanges, the user will be taxed a certain percentage of the transaction, which means the government has agreed to the existence of cryptocurrency in country.

I don't think that far because it looks like the government is looking to legalize crypto in several countries in the world, it's proven because some countries have taken taxes from cryptocurrency production. Even though there are some weaknesses of cryptocurrencies, the existence of a supportive government will cover these shortcomings so that it is possible for cryptocurrencies to last for a long time as a commodity investment asset.,

Centralized exchanges often have better performance than decentralized exchanges due to the way they were designed. But they do come with their risks. If there's a government crackdown, the exchange gets hacked, or the owner closes up shop, you can say goodbye to your crypto funds for good (if you left coins on the exchange, of course). With decentralized exchanges, the risk of hacks or theft are practically non-existent. Governments can't shut them down neither, so there's that. What really prevents them from being widely adopted worldwide is their scaling limitations.

With high network load, decentralized exchanges often become slower and expensive to use than their centralized counterparts. If by any chance centralized exchanges cease to exist (which is very unlikely right now), it's likely developers will improve decentralized exchanges for the better. I'm guessing DEXs will rely on off-chain scaling solutions (Layer-Two) to gain performance as comparable as centralized exchanges. As long as people have a choice, nothing else matters. Just my thoughts

For me, centralized Exchanges have many advantages, at least when there is a problem they can solve it, but of course if you have a Completed KYC, the problem I see with decentralized exchanges is that a wrong contract means the total loss of the funds that are deposited, and the bad thing about decentralized exchanges is that most of them surrender at the feet of governments or authorities, that's what I don't like, as is the case with Binance.

Some centralized exchanges have more options to be like this, but in support of any inconvenience they are very fast.

Probably so. Considering that centralized exchanges provide big taxation benefits to mainstream governments, it's unlikely they'll disappear from the face of the Earth. As long as "money talks", nothing else matters. Unfortunately, centralized exchanges will become more regulated (or strict) due to government pressure. This will bring some hurdles/obstacles crypto/Blockchain tech was meant to avoid in the first place. The more regulations imposed within centralized exchanges, the more the crypto industry will resemble traditional banking.

At least, there are decentralized solutions available. Things would've been worse if crypto was closed source and completely centralized. With an ever-growing number of decentralized exchanges and P2P trading platforms, getting access to crypto without going through KYC is a no-brainer. I'm pretty sure crypto will survive for a long time because of its resiliency. Just my thoughts

I rechecked the text several times, because I thought that in the current conditions it could be more about a ban on decentralized exchanges, rather than centralized ones. I see no reason for states to ban the operation of centralized exchanges, which, as a general rule, cooperate with them. It is most likely that decentralized exchanges will experience difficulties and the pressure on them from the states will increase.

without the centralized exchange investors might depends with the customs of methodological individualism as rejecting ideas on presence within the field of collateral presence of egalite investors and
following the distinct level of affirmation investors work on excess with the subjective opinion with the motivation to exit from the previous level of dependence without the decision as occupying the utility and instrumentation of methodological terms of work of modification but
following moral obligation yet there shows of the distinct of limit on level of confirmation as leaving of excessive chance on cumulative numbers of measure while investors being within the egalite severe of field of collateral position among parties within the group with the absent of the centralized exchange to leads on guidance as referring of the level of market efficiencies,

Centralized exchanges aren't going anywhere, they will become more regulated though. Going along with your thought exercise though, a smart contract would emerge that integrates non-smart contract blockchains and allows trading, like the internet computer or Flare/Songbird.

Because on cetralize exchangers accounts of many users are blocked for different purposes many people do not trust centralized exchanges and prefer to use a decentralized one.

You can certainly be more anonymous using a decentralized exchange. Yet, decentralized exchanges have some limitations that often makes centralized exchanges a better choice for newcomers into crypto. Without centralized exchanges, I don't think crypto will be as widely adopted worldwide as it is right now. A lack of centralized exchanges means that crypto/Blockchain tech is completely illegal to use anywhere in the world. While this is unlikely to happen soon, we should be prepared in case it does.

I wouldn't say centralized exchanges offer a better type of security, since they're easily subject to hacks, theft, and manipulation. Decentralized exchanges can be hacked too, but the risk is lower because you and only you control the keys to your crypto. The industry is just starting to blossom, so we should give it some time to mature in the mainstream world. Just my thoughts

It is very important to check the trading volumes on centralized exchanges, because liquidity is very important for cryptocurrency exchanges.
Also it is necessary to pay attention to the projects that cryptocurrency exchange offers for traders for profitable trade.

Centralize exchanges can offer the tools such can not offer the decentralize exchanges.
Thanks leverage it is possible to make a big profit on trading. That is why centralize exchanges are so popular now.

Government has done enough interfering in cryptocurrency and that is what we have seen with Binance. There were financial regulatory bodies that monitored that exchange and others and made sure they complied with checks. That is why Binance later asked its customers to validate and verify their accounts with KYC. I do not think it will get worse than it is to the point of government completely closing down all centralised exchanges. What about countries that have already adopted bitcoin?

Thanks regulation of cryptocurrency big investors and traders come to the industry.
That is why trading volumes on centralize exchanges continue to grow.

I think that currencies without centralized exchanges would be like the contracts that were made or are currently made in NFT games and tokens, there are many and it would be a mess because there are decentralized exchanges where you cannot place a limit order, nor a normal order, if not everything is very manual, I think the amount of contracts and confusion for the currencies and the investors would be something impressive.

Centralized exchanges not only offer a better type of security, but apart from this, the largest in the world like Binance are on the order of the day to give the best support as long as you have the KYC passed, the only advantage I see of decentralized exchanges is that you can be more anonymous.

Centralized exchanges becomes more requlated and contralled.
It means that not all traders can use centralize exchanges and many people prefer to use DeFi.

The more people use centralize exchanges the more popular they become.
A lot depends on the tools that centralize exchanges offer.
Now a lot of financial products appear that make the work with exchanges more profitable.

Centralized exchanges offer many different tools for trading to make trading more profitable and in demand.
That is why the trading volumes on centralized exchanges continue to grow.

I think it would be safe to say that the future of cryptocurrencies does not depend on centralized exchanges at all. Although many of them hold a lot of weight in the market, they are not as important as most people believe.

It is necessary to know now that the value of cryptocurrencies goes over time and is heading towards mass adoption, crypto, and the latest technological developments. As society follows the times, this is what underlies it in society. And, with mass adoption comes great competition. Remember, there are only so many places where you can spend your money, assuming you are a consumer. You may buy coffee at Starbucks every day, but once Amazon starts selling coffee beans and stores, you'll probably switch to buying from them. It is the same as cryptocurrency. If cryptocurrency is widely accepted by traders worldwide, then why continue to use Fiat exchanges.

In my opinion, think and study many cryptocurrencies that have been widely accepted by traders worldwide, for example: buying hawk host web hosting with Bitcoin, BCH. Accept it or not, this cryptocurrency currently has a strong share in the market, and the price continues to rise because of it. Suppose someday or in the future. More people have started using crypto for their daily purchases. In that case, those who are opposed to what they want to do, like it or not, have to accept such as holding high volumes of high tides will automatically open the entrance of the seawater.