Topic: Just a question (Read 624 times)
I believe that people should have a choice. Because each has its reasons for decentralized exchange or, in some cases, centralized exchange. It is difficult to say with confidence about the increase in volume when exiting cex to dex. The reason for this is that there are two exchanges and there are no mass exits from one to the other. One way or another, regulators will insist on ending decentralized exchanges. Example BINANCE DEX wants to introduce a KYC procedure.
There are some dex with liquidity and volume. Dex is difficult for some people to use and for that reason many may not leave Cex for Dex.
The answer for your question is simple man, because centralized is better than decentralized. Their system is laggy and unresponsive. And centralized has been the mainstay for almost everyone and has time and time proven its worth.
the dex needs to create a request to the network before it can execute the contract and that makes the dex becomes less efficient in term of the speed compared with the CEX. that's why DEX is less responsive than CEX and i hope you can understand it dude. 
Can someone pls answer this question? presently the problem of decentralized exchange is liquidity and enough volume, if people start leaving cex for dex will the volume increase ? if Yes then what is stopping people? because dex exchanges is the perfect answer to stolen fund on exchanges and exchange scam exits
If people start using dex volume will be higher, and they will be much better for using then now. Dex are new trend in crypto, many people here still don't use them cause of the volume, but I believe one day dex will be easier to use, and more people will use it, cause security and anonymity that dex offers. Dex time is yet to come, in next 5 years they will gain popularity and maybe after 5 years they can be serious competitors to cex, now that's impossible.
It’s due to many reasons, one that I have already mentioned above. But the main reason I believe will be the mental barrier, people have been using centralized since so long, making them come to a new system possess a lot of challenge on itself, you have got to give people a very solid reason to leave their old gamer in order to attain a new one.
People are stopped by the fact that there is no influx, as large exchanges have occupied the market and do not allow dex to develop quietly, because if everyone starts trading on dex then large companies will have to close. Only you and I can create liquidity there, but it should be so that everyone would go there and start trading there, but this can happen in the case of any campaign or advertising, and dex exchanges have no money for it, and sometimes they don’t even have owners)
Can someone pls answer this question? presently the problem of decentralized exchange is liquidity and enough volume, if people start leaving cex for dex will the volume increase ? if Yes then what is stopping people? because dex exchanges is the perfect answer to stolen fund on exchanges and exchange scam exits
I think no one wants to leave CEX to move to DEX and trade. DEX is one of the small exchanges and only for shitcoin, no volume. and you are right, there are only bandits and discharges there, besides traders usually only focus on CEX because the trading volume is higher and the ability to make money is higher than ever. . In general, DEXs are created to satisfy the needs of anonymous traders and do not want to be identified, they often trade in DEXs. Can someone pls answer this question? presently the problem of decentralized exchange is liquidity and enough volume, if people start leaving cex for dex will the volume increase ? if Yes then what is stopping people? because dex exchanges is the perfect answer to stolen fund on exchanges and exchange scam exits
You have a point but the problem is the lag if there are many trading on DEX there could be problem with lagging and the minimal number of coins that are being traded, but who knows three or five years from now, we'll have more Decentralized and many traders using it.
Dex is safest than Cex because it is unhackable, it's a peer to peer transaction handed. The downfall of centralized exchange is mainly with the liquidity factor.
if people start to leave cex for dex then the volume will probably still increase normally. I think so. Anything can happen, guys.
The truth is i have never seen a DEX get hacked, i mean they are built with P2P trading in mind, no any third party but many DEX are not well built, they are laggy compared to Centralized exchanges
sometimes as more with uses on work with the manage of tasks on finance gives with spares on excessive then developer to put on decision as appealing chance as releasing more of token following work with tasks of customs with completion and lists on index with personal dex on authorization.
I am looking forward to decentralized future with dex exchanges, although almost all available dex have glitches differently but its still safer than centralized exchange, the problem is how DeX will beat CEX
Obviously, yes. Everything always rests on the amount of money on a particular decentralized exchange.
However, while there are not many reasons why people will transfer volumes of their funds to such exchanges.
Indeed, the prices of many cryptocurrencies are controlled to one degree or another by bot systems on top exchanges, which is rather difficult to implement on dex exchanges.
However, while there are not many reasons why people will transfer volumes of their funds to such exchanges.
Indeed, the prices of many cryptocurrencies are controlled to one degree or another by bot systems on top exchanges, which is rather difficult to implement on dex exchanges.
The answer for your question is simple man, because centralized is better than decentralized. Their system is laggy and unresponsive. And centralized has been the mainstay for almost everyone and has time and time proven its worth.
I doubt the average JOE will leave the centralized exchanges for DEX. The purpose of DEXs is clear but the average people still have no idea about using such exchanges. The security is the first thing comes to my mind when I hear about the DEX but unfortunately, the DEXs are not widely used by the crypto community.
Can someone pls answer this question? presently the problem of decentralized exchange is liquidity and enough volume, if people start leaving cex for dex will the volume increase ? if Yes then what is stopping people? because dex exchanges is the perfect answer to stolen fund on exchanges and exchange scam exits
Brilliant question! I think the modalities or working principles of dexs are the usual turn off as well as the user interface. If this can be fuild to make it more attractive, users will frequent Dec's more assuming all your variables are constant
You think so?? And how many of these DEXes do you think we can safely trade at? That wouldn't solve any good issue of people using Fiat to buy crypto, and many other features on CEXes. So far, the CEXes have proven themselves to be stronger so it'll be difficult to move from there. Moreover, they're also registered and stuff👍
Can someone pls answer this question? presently the problem of decentralized exchange is liquidity and enough volume, if people start leaving cex for dex will the volume increase ? if Yes then what is stopping people? because dex exchanges is the perfect answer to stolen fund on exchanges and exchange scam exits
Personally, I much prefer centralized exchange because it is a lot easier and I am not really a fan of the complexity of decentralized exchange. And if people start to leave CEX for DEX, I do not think it will necessarily good for the exchange because it can cause conflict to the market with the huge number of transactions it needs to accomplish. There are specific uses for both CEX and DEX so I prefer them both to be used separately to their respective uses.
Can someone pls answer this question? presently the problem of decentralized exchange is liquidity and enough volume, if people start leaving cex for dex will the volume increase ? if Yes then what is stopping people? because dex exchanges is the perfect answer to stolen fund on exchanges and exchange scam exits
No, I don't think that the volume of dex will increase since decentralized exchange is supposedly free from sudden market manipulation. DEX is good for peer-peer transactions without KYC. But because of the lack of KYC process, and no way to revert a transaction, then you will be at loss if ever passwords or private keys were hacked, or if ever been scammed.
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