I think it will be very difficult for people to leave CEX. Because in fact CEX spoiled users more than DEX like airdrops, or other promos, free coins and many others. DEX doesn't do that.
On the other hand, new projects want to be included in CEX because of their already big names such as kucoin, binance, bitmex, etc. If these new projects enter DEX and refuse to enter CEX, I believe DEX habitat will be better going forward.
Topic: Just a question - page 4. (Read 595 times)
volume rises and does not depend on market demand,
although CEX is prone to hacker attacks,
it can be resolved from security at the exchange,
nothing is perfect, even DEX is also quite risky if the exchanger has run away.
all have advantages and disadvantages, and whether or not trading volume depends on market interest,
and so far, in my opinion, CEX is still the best choice for trading than DEX.
although CEX is prone to hacker attacks,
it can be resolved from security at the exchange,
nothing is perfect, even DEX is also quite risky if the exchanger has run away.
all have advantages and disadvantages, and whether or not trading volume depends on market interest,
and so far, in my opinion, CEX is still the best choice for trading than DEX.
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.
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
Simply yes, the volume of CEX will flow to DEX. But the main problem is to direct the community to DEX, if so, they will develop not only in volume and liquidity, but in every subject. On the other hand, the majority do not change a god like Binance to any DEX. They have a option like making easy money in Binance, but DEX does not offer a option like this.
Most CEX users are traders who need liquidity and people who buy and hold don't worry about the possibility of being hacked because they have their coins on CEX for maybe 10 minutes.
An average trader will not leave CEX for DEX because it won't work for him. He needs everything to happen fast. An average buyer will see that most people are using CEX and go there. A hodler will do the same. He'll send fiat to CEX which is completely safe and then do a fast trade and withdraw. Most exchanges send your money almost instantly so there's no time for you to get hacked.
An average trader will not leave CEX for DEX because it won't work for him. He needs everything to happen fast. An average buyer will see that most people are using CEX and go there. A hodler will do the same. He'll send fiat to CEX which is completely safe and then do a fast trade and withdraw. Most exchanges send your money almost instantly so there's no time for you to get hacked.
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
Current problem of decentralised exchanges is to build totally decentralised exchange. This is sole problem. Yes some are on right track, but none is totally decentralised and have no point of failure.
Easy to say than done.
I have asked that myself even before.
Hype happened and what can you do if you are trading in DEX without any volume?
There are no more traders because of the substitute and that means getting out too.
It became like a follow the leader game. They all get out specially the large buyers.
If we cannot sell in DEX then there will be no option.
Question would be how could you pull them back into using it?
I have asked that myself even before.
Hype happened and what can you do if you are trading in DEX without any volume?
There are no more traders because of the substitute and that means getting out too.
It became like a follow the leader game. They all get out specially the large buyers.
If we cannot sell in DEX then there will be no option.
Question would be how could you pull them back into using it?
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
As long as people are good using CEX they will not leave them so there has to be another and another hack on CEX which steal lot of money from people then only they will move to DEX.But make the change from yourself then everyone will follow. 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
Because dex exchanges is just happened lately and cex are long time ago exist before dex. I'm sure in terms of bussiness process dex are more flexible and better. But people are still confy eith cex moreover with big cex like binance that serve many events that can attract investors
Trust.
I think that's one main reason what's stopping people to go for dex no matter how attractive dex is. They probably find cex more secured than dex so they got a limited view when it comes to decentralized exchanges.
I think that's one main reason what's stopping people to go for dex no matter how attractive dex is. They probably find cex more secured than dex so they got a limited view when it comes to decentralized exchanges.
No there are various reasons which is stopping users to switch from CEX to DEX and first of all it starts with the support functions as CEX exchange have good support as well as GUI but DEX still lacks those things. DEX exchange needs to upgrade their site and improve the user interface, make the site quicker in case if they want to gain more users because I feel CEX works like broadband wherein DEX looks like Dial up connection.
Sure the volume will increase if more people would start to trade on decentralised exchanges, but unfortunately it is getting harder and harder to find a good one, that would have a high security level and a big amount of trading pairs.
I think the problem is not completely in transaction volume, the problem is that the truly decentralized exchanges at the present time use "Smart Contract" to execute orders, so it has a slow speed, bad interface , difficult to use And only exchanged for a few coins
Regarding the bad interface, I think that developers get less profit from DEX compare to CEX that is why they don't really put much effort for its interface. In addition, DEX'es is marketed less which is why some people don't really know about DEX and how to use it.
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
Some people aim cryptocurrency might be full decentralized. And some of them really like to use DEX. But in fact, CEX already open for longer time and already popular. I am personally if must choose will chose exchange like usual and not DEX because more simple. I'm thinking about it when I read about Idax CEO suspecting gone with the users cold wallets recently
I started wondering maybe it's better to use Decentralized exchange that is more secured than centralize.
It's only our ways to keeping safe all funds we have since we holds our keys.
~Snip~
Is there any reputable Dex that we can use to trade our assets?
Is there any DEX that experience hacking?
We can also say that decentralized exchanges are hard to trust, and they can also have access to our wallets by saving our data such as private key and wallet address,I started wondering maybe it's better to use Decentralized exchange that is more secured than centralize.
It's only our ways to keeping safe all funds we have since we holds our keys.
~Snip~
Is there any reputable Dex that we can use to trade our assets?
Is there any DEX that experience hacking?
In fact there is a reported exchange that has lost 13 Million Dollars and this is due to hacking and this is Bancor. Hackers can also create phishing sites where they can easily steal our crypto because decentralized exchanges don't have enough protection. Like 2fa, email confirmation, pin password and many more.
I think it's true, our wallets are naked without any securities. Hacker can easily get access our fund by assigning KEYLOGGING malware's or they just copy the website or app style or design to caught any users log in using private key.
So it's recommended to always bookmark all dex we usually use to avoid phising methods of hackers.
I think the problem is not completely in transaction volume, the problem is that the truly decentralized exchanges at the present time use "Smart Contract" to execute orders, so it has a slow speed, bad interface , difficult to use And only exchanged for a few coins
presently the problem of decentralized exchange is liquidity and enough volume, if people start leaving cex for dex will the volume increase ?
The return of the community from centralized ones to dexes do not increase the volume or liquidity of the market. Volume and liquidity are more dependent on the traders themselves, which increases when there is more trade. I'm thinking about it when I read about Idax CEO suspecting gone with the users cold wallets recently
I started wondering maybe it's better to use Decentralized exchange that is more secured than centralize.
It's only our ways to keeping safe all funds we have since we holds our keys.
~Snip~
Is there any reputable Dex that we can use to trade our assets?
Is there any DEX that experience hacking?
We can also say that decentralized exchanges are hard to trust, and they can also have access to our wallets by saving our data such as private key and wallet address,I started wondering maybe it's better to use Decentralized exchange that is more secured than centralize.
It's only our ways to keeping safe all funds we have since we holds our keys.
~Snip~
Is there any reputable Dex that we can use to trade our assets?
Is there any DEX that experience hacking?
In fact there is a reported exchange that has lost 13 Million Dollars and this is due to hacking and this is Bancor. Hackers can also create phishing sites where they can easily steal our crypto because decentralized exchanges don't have enough protection. Like 2fa, email confirmation, pin password and many more.
I'm thinking about it when I read about Idax CEO suspecting gone with the users cold wallets recently
I started wondering maybe it's better to use Decentralized exchange that is more secured than centralize.
It's only our ways to keeping safe all funds we have since we holds our keys.
The problem lies on DEX is it less liquidity than Cex has, so many user preferred to use cex because it has convenient and more liquidity than DEX.
Is there any reputable Dex that we can use to trade our assets?
Is there any DEX that experience hacking?
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 I started wondering maybe it's better to use Decentralized exchange that is more secured than centralize.
It's only our ways to keeping safe all funds we have since we holds our keys.
The problem lies on DEX is it less liquidity than Cex has, so many user preferred to use cex because it has convenient and more liquidity than DEX.
Is there any reputable Dex that we can use to trade our assets?
Is there any DEX that experience hacking?
Whats stopping people from moving to DEX is also the reason why they stay on CEX - liquidity and enough volume. Its what making traders money, security is not making them money so its worth gambling the funds to earn in trading while security in DEX is just not so important unless all CEX are all hacked already.
DEX is getting many in numbers, I think Polo version of DEX is also coming so we'll see where DEX is going.
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