How would crypto fare without centralized exchanges? - page 2.

JackieAinsley

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Quote from: inery_blockchain on April 26, 2022, 03:57:56 PM

Quote from: purka5 on March 31, 2022, 03:57:44 PM

On centralize exchanges accounts of users can be blocked. Also there are hackers who hack centralize exchanges. That is why many people prefer to use DeFi. For DeFi security is important like this https://twitter.com/MissionDogeOne/status/1506922981636952066

Centralized exchanges continue to be popular and in demand because they offer people a lot of useful tools that make the work with cryptocurrency more simple and profitable.

Centralized cryptocurrency exchanges now offer a lot of useful tools that make cryptocurrency trading more profitable.
Trading volumes on centralize exchanges continue to increase.

inery_blockchain

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Quote from: Edain Software on April 25, 2022, 05:05:40 PM

Quote from: purka5 on March 31, 2022, 03:57:44 PM

On centralize exchanges accounts of users can be blocked. Also there are hackers who hack centralize exchanges. That is why many people prefer to use DeFi. For DeFi security is important like this https://twitter.com/MissionDogeOne/status/1506922981636952066

Not only centralized exchanges banned the suspicious accounts of users.
Now appear special programs that allow to ban accounts on DeFi exchanges.
Cryptocurrency becomes more controlled.

Centralized exchanges continue to be popular and in demand because they offer people a lot of useful tools that make the work with cryptocurrency more simple and profitable.

stepwilli

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I don’t think that the government would do such, for now. What I’m thinking that they would do is that they are going to implement heavy taxes, as we have seen some countries do. So they might implement heavy taxes on cryptocurrency trading and investment, and even the transactions, like India did.

But, let’s just hope that that wouldn’t be the case, and any tax that they would try to implement would be something that isn’t strict. In a situation where the level of regulation in the cryptocurrency market is tough, it might discourage some investors from the market. So all these things are things that we wouldn’t really hope for.

Abiky

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Quote from: mindrust on April 23, 2022, 09:49:50 AM

Crypto wouldn't be as popular if exchanges like Binance, Kucoin, Coinbase wasn't here. Decentralized exchanges are cool but we already have seen that the tech isn't advanced enough to replace the human factor. There are still some problems which only a human can solve. Decentralized systems are not perfect, they can get broken in time. Customers are not perfect neither. That's why centralized exchanges attract more customers. People just want to know somebody behind their screen there is a human ready to listen to their problems.

You do have a point there, mate. Centralized exchanges are the ones who drive the most adoption into crypto/Blockchain tech. They're the first thing people come into when starting their journey in crypto land. Without them, I fail to see how crypto will be massively adopted by (almost) everyone worldwide. Decentralized exchanges will still be around, but their limitations will simply drive people away from crypto.

There is a hybrid exchange called "Waves Exchange" with high-performance order matching/execution, but I'm not sure if it will handle millions of TPS when it reaches widespread adoption worldwide. I'm fine with governments "regulating" crypto/Blockchain tech as long as they don't ban it altogether. Who knows what the future holds for the entire crypto/Blockchain industry? Just my opinion

Edain Software

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Quote from: Earn_Finance on April 24, 2022, 02:06:08 PM

Quote from: purka5 on March 31, 2022, 03:57:44 PM

On centralize exchanges accounts of users can be blocked. Also there are hackers who hack centralize exchanges. That is why many people prefer to use DeFi. For DeFi security is important like this https://twitter.com/MissionDogeOne/status/1506922981636952066

Now many people do not trust centralize exchanges because they affraid that their funds can be bunned.
DeFi accounts can not be bunned that is why more and more people use them.

Not only centralized exchanges banned the suspicious accounts of users.
Now appear special programs that allow to ban accounts on DeFi exchanges.
Cryptocurrency becomes more controlled.

Earn_Finance

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Quote from: cryptoexchanger.org on April 22, 2022, 03:55:34 PM

Quote from: purka5 on March 31, 2022, 03:57:44 PM

On centralize exchanges accounts of users can be blocked. Also there are hackers who hack centralize exchanges. That is why many people prefer to use DeFi. For DeFi security is important like this https://twitter.com/MissionDogeOne/status/1506922981636952066

Centralize exchanges can ban the accounts of their users that is why the demand in decentralize exchanges continue to be very high.
Decentralize exchanges available for more the people then centralized one.

Now many people do not trust centralize exchanges because they affraid that their funds can be bunned.
DeFi accounts can not be bunned that is why more and more people use them.

marine4u

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Quote from: mindrust on April 23, 2022, 09:49:50 AM

Crypto wouldn't be as popular if exchanges like Binance, Kucoin, Coinbase wasn't here.

I agree. CEX may not be the best ingredient for the privacy that is characteristic of crypto, but it does contribute to making crypto popularity richer and more diverse. For example, how does a newcomer come in simple exposure to crypto - P2P, etc. They need to have fulcrums and CEX responds well to this part. But what about the market reaction, crypto risk cannot depend on CEX, much less in the future when bitcoin is in a difficult position with respect to regulatory constraints. The response of demand will be DEX, although development comes at the expense of a few things, but CEX also has a role to play in transforming that demand.

mindrust

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Quote from: Abiky on March 18, 2022, 12:18:29 PM

If crypto becomes extremely popular in the future (widely adopted by a vast majority of people worldwide), it's probable governments will turn against it. They can pressure centralized exchanges to close up shop or face serious consequences in the long run. After all, these exchanges are the on and off ramps from the crypto world to the Fiat world. While not every country is against crypto, they might change their stance once they see Russia using it as a means to avoid sanctions.

Imagine if most countries unilaterally agree on banning centralized exchanges for good. Will that mean the end of crypto for good (even though it would still be possible to get some crypto through decentralized exchanges)? After all, most people will be afraid of using crypto if it's declared "illegal". The ban of centralized exchanges will surely topple crypto prices, signaling fear among investors and traders alike.

What are your thoughts? Huh

Crypto wouldn't be as popular if exchanges like Binance, Kucoin, Coinbase wasn't here. Decentralized exchanges are cool but we already have seen that the tech isn't advanced enough to replace the human factor. There are still some problems which only a human can solve. Decentralized systems are not perfect, they can get broken in time. Customers are not perfect neither. That's why centralized exchanges attract more customers. People just want to know somebody behind their screen there is a human ready to listen to their problems.

tygeade

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Quote from: ?? on ??

Decentralized exchange don't have license to operate that's why they decentralized. Only CEX is required to submit license since they are accepting fiat deposit and withdrawal. Anything that involves fiat is subjected to regulations because that's cover with tax law.

I doubt that government will suppress the use of cryptocurrency on CEX since they can get tax from crypto transactions.

Yeah, that is right, the government wouldn’t try to put down centralized exchanges because they know that in one way or the other that they would be gaining from it.

So, as long as it is benefitting them they wouldn’t think of such. They would only wish that they were able to put down the decentralized exchanges, but that wouldn’t be possible for them since all those decentralized exchanges are completely out of their control. That is why in countries where cryptocurrency has been banned, we still continue to see people making use of decentralized exchanges or peer to peer means for their trading of cryptocurrency .

cryptoexchanger.org

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Quote from: brat111111 on April 21, 2022, 04:14:20 PM

Quote from: purka5 on March 31, 2022, 03:57:44 PM

On centralize exchanges accounts of users can be blocked. Also there are hackers who hack centralize exchanges. That is why many people prefer to use DeFi. For DeFi security is important like this https://twitter.com/MissionDogeOne/status/1506922981636952066

Cryptocurrency exchanges offers a lot of profitable tools that can not offer decentralised ones.
That is why a lot of people continue to use centralize exchanges.

Centralize exchanges can ban the accounts of their users that is why the demand in decentralize exchanges continue to be very high.
Decentralize exchanges available for more the people then centralized one.

yurez

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Quote from: Crypt0Gore on April 21, 2022, 02:49:27 PM

I know many people don't like centralized exchanges but they played a vital role in crypto space more than dex exchanges, I know many don't like KYC verification but honestly its for our own good, I prefer centralized exchange more than dex.

I believe that client funds that are on centralized crypto exchanges are in constant danger and can be blocked by the exchange at any time. You can avoid this by switching to decentralized exchanges. The only disadvantage of decentralized exchanges is a small number of instruments, large commissions and slower transactions.

brat111111

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Quote from: verushka on April 19, 2022, 07:48:06 PM

Quote from: purka5 on March 31, 2022, 03:57:44 PM

On centralize exchanges accounts of users can be blocked. Also there are hackers who hack centralize exchanges. That is why many people prefer to use DeFi. For DeFi security is important like this https://twitter.com/MissionDogeOne/status/1506922981636952066

Now investors have a choice what exchange to choose - centralized or decentralized.
The more actively developing cryptocurrency the more tools it offers.

Cryptocurrency exchanges offers a lot of profitable tools that can not offer decentralised ones.
That is why a lot of people continue to use centralize exchanges.

Crypt0Gore

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I know many people don't like centralized exchanges but they played a vital role in crypto space more than dex exchanges, I know many don't like KYC verification but honestly its for our own good, I prefer centralized exchange more than dex.

Kingairdrop

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I use to be strongly against Centralized exchanges untill the ETH network transaction fees dealt seriously with me. Now I don't mind the kyc of centralized exchanges

max6575

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Vave.com

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Ozero

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If states want to attack cryptocurrencies, then it is most likely that they will try to ban or restrict the work of decentralized exchanges. Decentralized exchanges are still registered in some state that will have influence on it. If individual states do not want to do this, then the world powers always have sanctions on such states in reserve.
Centralized exchanges will be forced to cooperate with states and provide them with the necessary information about their customers. Therefore, they are unlikely to be persecuted.

Abiky

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Quote from: aprilnot on April 18, 2022, 03:15:00 AM

one that I know is going to be very expensive. transaction fees will increase many times. without a centralized exchange, crypto will suffer a setback. and that will make the trust in crypto decrease. some might think DEX can solve that problem, but be aware that it takes a lot of processing to trade from different blockchains. and it will require a fee, different if we use CEX. and when all CEX is suspended, and crypto becomes illegal this will probably be the worst thing for crypto development.

Of course. There will always be performance bottlenecks in decentralized exchanges due to the way they're designed. But with the introduction of cross-chain interoperability, this no longer becomes an issue. As far as I know, atomic swaps make use of different blockchain networks in order to perform the desired exchange (interoperability). Scalability is the least reason to worry about as long as decentralization prevails in the long run. My guess is that developers will start working hard in order to make DEXs better than ever.

I'm pretty sure people will get used to DEXs once centralized exchanges are banned for good. Adoption for crypto won't be the same, but at least it's better something than nothing. Who knows how the future of crypto/Blockchain tech will look like with ever-increasing regulatory pressure from mainstream governments? Just my thoughts Grin

verushka

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Quote from: SAWACrypto on April 17, 2022, 03:30:49 PM

Quote from: METASENS on April 16, 2022, 07:18:56 PM

Quote from: purka5 on March 31, 2022, 03:57:44 PM

On centralize exchanges accounts of users can be blocked. Also there are hackers who hack centralize exchanges. That is why many people prefer to use DeFi. For DeFi security is important like this https://twitter.com/MissionDogeOne/status/1506922981636952066

Centralize exchanges are necessary and in demand. They are constantly developing offering new tools and opportunities for traders to make trade more profitable.

Now investors have a choice what exchange to choose - centralized or decentralized.
The more actively developing cryptocurrency the more tools it offers.

aprilnot

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Quote from: Abiky on March 18, 2022, 12:18:29 PM

What are your thoughts? Huh

one that I know is going to be very expensive. transaction fees will increase many times. without a centralized exchange, crypto will suffer a setback. and that will make the trust in crypto decrease. some might think DEX can solve that problem, but be aware that it takes a lot of processing to trade from different blockchains. and it will require a fee, different if we use CEX. and when all CEX is suspended, and crypto becomes illegal this will probably be the worst thing for crypto development.

Woodie

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Rollbit.com ⚔️Crypto Futures

In the early days of cryptocurrencies, decentralized exchanges were the go to place as most coins didnt have listings on big exchanges...but the issue that was there with a dex had prices which werent in par with what the markets had which meant anybody that did not know of this was either selling for low or buying at a very high price which is something likely to happen in the absence of a centralized exchange.
But thanks to time all these pockets of opportunity have been sealed for less exploitation which is a good thing tbh

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