Topic: Just a question - page 3. (Read 626 times)
at the moment I personally don't really like the CEX exchange. but cex can be responsible for our funds. if it's stolen. while dex, 100% security is in yourself. so that if funds are lost, we cannot complain. other in my opinion is dex only provides 1 platform only, like forkdelta only provides coins based in ethereum. while cex has all platforms. this is what makes me still use cex exchange, rather than dex exchange.
because most of them have a bad user interface and their website is unresponsive(some of them even have a bad connection, refusing the user connections). I experienced it by myself.
just to open having to use vpn is a bad thing, yes i have experienced it too. I don't think it will last long because people won't use it anymore if it's difficult to access. 
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 am very doubtful about people leaving centralized exchanges completely. I don't think regulatory will also allow such things in the future when regulations come in place for crypto.
Someone prefers a central exchange and has a good reputation with a large volume, a decentralized exchange many people are still unsure of all this, it may become a bubble later because the private key is still on the service provider side and the message processing time requires time, only coins certain that can be exchanged. I feel more comfortable using CEX exchange, flexible, instant / fast exchange, and more secure from phishing (2Fa, password, Pin or the like).
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 am very doubtful about people leaving centralized exchanges completely. I don't think regulatory will also allow such things in the future when regulations come in place for crypto.
we are desperately in need of peer to peer exchange after the hack that happened with the exchanges all these years.
I don't see that demand for decentralized exchanges. I certainly have seen a lot of people talk about it here and on other discussion platforms. We shouldn't look at what people are saying, but look at what people do.If we look at the volume and liquidity on decentralized exchanges, it's still very poor, and it has been like that for years now. It means that there isn't as much demand for decentralized exchanges as people seem to think.
we have lost count how many people suffered because of this
The first price will drop drastically, I think so because no price levels or orders are freely chosen by buyers and sellers.
And when prices dropped the whale bought that amount in bulk and set the market price, so it would be the same as CeX, this is just my prediction.
And when prices dropped the whale bought that amount in bulk and set the market price, so it would be the same as CeX, this is just my prediction.
because most of them have a bad user interface and their website is unresponsive(some of them even have a bad connection, refusing the user connections). I experienced it by myself.
I also experienced that before, but I'm not giving up on decentralized exchange, but who knows with the so many hacking going on, people might shit to decentralized exchange, they want secure and safe way to trade their coin, if it's proven that DEX's can do that we will have a good competition between the two, but so far Centralized exchange has the edge.
me neither, we are desperately in need of peer to peer exchange after the hack that happened with the exchanges all these years.
we have lost count how many people suffered because of this, with decentralized exchange we can minimize the risk because we own the keys ourselves and we can move it freely as we want.
Decentralized exchanges have low liquidity. Often their user interface does not meet the requirements of modernity, and the site itself is very slow. I think people will prefer centralized exchanges for a long time, even considering that they often close suddenly, showing all the signs of fraudulent projects.
Many still choose to be under centralised exchanges as we can get support if ever we need anything in our transactions assuming that this cex support is effective, I also prefer centralised exchanges as they offer more choices of pairs and features than dex. Soon maybe dex can be developed in terms of having those good features existing in cex now. 
I prefer cex, of course, for reasons of safety and volume that are my focus. Except in certain circumstances that prevent me from being involved in dex, for example, to sell rewards from a bounty listed there.
Actually both have advantages and disadvantages of each, we do not have to leave one of them, the important thing is we can maximize each of these exchanges to take profit. Dex exchange also has many good reputations such as Binance Dex, Idex, and Radar Relay. The rest I did not comment because of the very small volume and poor reputation.
Actually both have advantages and disadvantages of each, we do not have to leave one of them, the important thing is we can maximize each of these exchanges to take profit. Dex exchange also has many good reputations such as Binance Dex, Idex, and Radar Relay. The rest I did not comment because of the very small volume and poor reputation.
In my opinion, decentralized exchanges are less used than centralized exchanges, liquidity is good, but the trading pairs are probably not much and mainly based on smart contracts. People mostly dislike decentralized exchange because the interface is hard to use and not very nice, but there are a few new decentralized exchanges like binance dex that are quite easy.
I think there is not need for anyone to leave cex for dex
They are both exchange platforms; and visiting them is for a purpose
You visit the exchange that trades the token you are to sell
And for investment purposes; you buy and store in your cold or paper storages
No string attached
They are both exchange platforms; and visiting them is for a purpose
You visit the exchange that trades the token you are to sell
And for investment purposes; you buy and store in your cold or paper storages
No string attached
Decentralized exchanges have low liquidity. Often their user interface does not meet the requirements of modernity, and the site itself is very slow. I think people will prefer centralized exchanges for a long time, even considering that they often close suddenly, showing all the signs of fraudulent projects.
Decentralized exchange still have a long way to go before being fully embraced by investors and traders as most of the time those people wanted to continue using what they've already familiar and thinks that they have enough securities using CEX.Still needs to have more improvements and more exposures to attract people to use the service and have more support to take place.
I guess OP has so many answers from many members. I think the volume of every cex or dex will increase, and people will choose on which platform they want to trade. Maybe one person still stays on cex and will not use dex, but the other person will try to use dex and moves his funds to dex. But I don't think that dex is the perfect answer for the stolen fund from the exchanges because I think the hacker or the thief will hold the funds for a while until the situations can calm down and then they will move the funds to any exchanges they want.
Decentralized exchanges have low liquidity. Often their user interface does not meet the requirements of modernity, and the site itself is very slow. I think people will prefer centralized exchanges for a long time, even considering that they often close suddenly, showing all the signs of fraudulent projects.
Of course the volume will increase but how will you do that?
I think that is the real question here.
Trust had been placed with centralized exchange by now and they are booming.
Volumes are soaring and they are also getting richer. It will be difficult to drag all those people back into DEX.
I think that is the real question here.
Trust had been placed with centralized exchange by now and they are booming.
Volumes are soaring and they are also getting richer. It will be difficult to drag all those people back into DEX.
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 seldom trade on Decentralized exchange, yes one of the issues is volume, and this is because they cannot fake their volume, compared to a centralized exchange, where they use a lot of bots to inflate their volume, an exchange is a multi million dollar business, and they will do everything to fake their volume, so they make an impact in the market. 
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 are thinking too highly of people and if they want to take any responsibility.
Most of the people out there actually like the idea that someone is looking for their private key better then themselves.
They don't have a clue on how to protect themselves from hackers so they rather leave it to cex.
And then there's of course the speed of cex. Also they often take care of all the pos income and the possible coin swaps to new blockchain.
You are right, it does solve problems such as these, but DEX technologies have not yet caught on due to ease of use, but it is likely they soon will with more and more exchanges developing their own decentralized trading platforms for everything from tokens to securities and more
what stopping people is there is no market makers right now in decentralized exchanges
i dont know why but maybe its something to do with security or regulation
people who manage the ecosystem need more control over people, and a truly decentralized exchange is not a good idea for them
i dont know why but maybe its something to do with security or regulation
people who manage the ecosystem need more control over people, and a truly decentralized exchange is not a good idea for them
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