Topic: Just a question (Read 611 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.
There are pros and cons of both CEX and DEX exchanges. Also, there are multiple DEX for Ethereum ERC-20 tokens but there are not any DEX exchanges for many of the non-ethereum coins. This will change for the better in the future.
Obviously it will and that's a dream come true for most because we want dex to overcome this market and that's why there's should be more awareness that we're doing for them. But the reality stands currently that the mass likes the convenience that CEXs have to offer.
And that's the reason why we are still seeing a lot of dex have a very low volume.
It's like two opposite sides, there are pluses and there are minuses of each, right? Dex with more maximum service, consider it more "official" so that many people choose and trade there so that the volume increases, conversely even though cex is assumed to have stronger security but is not very desirable, that's how the market accepts it. So we have to make good use of both. Quality Dex like Bianance Dex, can also be the best solution for trading.And that's the reason why we are still seeing a lot of dex have a very low volume.
If you have read his tweet about that question towards him, you'll understand that it's not completely as we think.
Try to see why people are more comfortable using exchange checks than dex?
One of them is because of the high trading volume and altcoin that are in the cex exchange have been filtered and have a brighter future than the unclear dex exchange of products from altcoin, and besides it is difficult to change people's habits that have been done for a long time.
One of them is because of the high trading volume and altcoin that are in the cex exchange have been filtered and have a brighter future than the unclear dex exchange of products from altcoin, and besides it is difficult to change people's habits that have been done for a long time.
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.
People will not switch from CEX to DEX. This will not happen because decentralized exchanges are not for everyone. they are not convenient for traders. they are not comfortable to trade. DEX will always be popular only for a particular market audience
precisely dex is too idealistic with less attractive uses, many traders don't like the obligation to use gas, prefer coins that are automatically deducted as fees and for other transaction needs. Whatever level of complexity is given to cex, it will make many traders choose to adapt and not switch to other platforms. Some people who turn suddenly will eventually have the same thought.Each users have their own way and perceptions but as they experience some positive or negative it may conclude to gain trust or not on the trading site they encounter. Nowadays, scammer are so rampant as they will do bad things to have an easy money. Hopefully each of us must vigilant enough to avoid as a victim.
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.
not really(technology will keep advancing, it might be the issue for now but it will not be in the future), even I think dex will be a new trend next year because of AMLD 5 compliance. many people do not like doing it including me, people will use this opportunity to create a dex and offer it to those people.
Yes then what is stopping people?
Some are worried of wallet linking that could lead to lost of funds though some create new wallet dedicated for that exchange. While DEX don't have real time support that you can reach instantly whenever you got issues.if something happens on binance they can refund and deal with the hack
Binance did have insurance and other reputed sites and so choosing those is somehow a relief.Though to clarify, insurance just covered the entire site when it get hack and not just the individual account.
My experience with DEX is not so good, full of one problem after the other, very sluggish too, it will be hard for people to stop using centralized exchanges because they perform better than DEXs
i dont really know what it does not work out.. maybe because no one can give insurance like in centralized exchanges...
if something happens on binance they can refund and deal with the hack
if something happens with decentalized exchange (and there are attacks that can work like DNS attacks and others..)
no one can give insurance
if something happens on binance they can refund and deal with the hack
if something happens with decentalized exchange (and there are attacks that can work like DNS attacks and others..)
no one can give insurance
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
Not a solution I think. Some exchange or cex using this hacked incident to steal some funds from the users. Dex is nice but not all users are familiar with it and this process is sensitive not all community can easily adopt it maybe in time as people got introduced carefully with dex.
Most people new to cryptocurrency flock to centralized exchanges because they usually advertise themselves way more than decentralized exchanges with things like trading contests, promotions like reduced fees and so on. Centralized exchanges also typically boast more useful features than most decentralized exchanges and a boatload of guides and usually decently fast customer support, not to mention a lot of them are just way more newbie-friendly in terms of their interfaces, though DEXes have started catching up here. A lot of decentralized exchanges also have pretty poor liquidity at the moment stemming from a lack of people using them which loops right back to my first point.
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
Obviously it will increase if traders started to move to DEX.
Well because we have this notion that CEX is safe for trading that's why it is still the preferred choice of most traders, specially if you're a newbie, you will start your journey with CEX like Binance and the rest of the top tier exchanges.
As for the stolen funds, it's really hard to cope with that as hackers are everywhere. And we have the old adage, not your keys not your coins, so better not put all your funds in an exchanges.
People will not switch from CEX to DEX. This will not happen because decentralized exchanges are not for everyone. they are not convenient for traders. they are not comfortable to trade. DEX will always be popular only for a particular market audience
true what you say,I also agree, because DEX is not designed easily for traders, especially novice traders,
they will prefer CEX because it is easier and more comfortable, even though the risk is greater, because when an exchanger gets a hacker attack, it is possible that our funds will also be lost.
and in the end CEX or DEX will both continue to exist because market demand never runs out.
I like both markets like the decentralized or central markets because both markets are containers for buying and selling so we can use both where our tokens can be bought and sold, but it all depends on which one we want to use because all also have their own level of comfort.
People will not switch from CEX to DEX. This will not happen because decentralized exchanges are not for everyone. they are not convenient for traders. they are not comfortable to trade. DEX will always be popular only for a particular market audience
precisely dex is too idealistic with less attractive uses, many traders don't like the obligation to use gas, prefer coins that are automatically deducted as fees and for other transaction needs. Whatever level of complexity is given to cex, it will make many traders choose to adapt and not switch to other platforms. Some people who turn suddenly will eventually have the same thought.
Scam cases have become more frequent among decentralized exchanges. The unpleasant situation with IDEX has undermined the credibility of these exchanges. It seems to me that people will soon prefer centralized exchanges.
Obviously it will and that's a dream come true for most because we want dex to overcome this market and that's why there's should be more awareness that we're doing for them. But the reality stands currently that the mass likes the convenience that CEXs have to offer.
And that's the reason why we are still seeing a lot of dex have a very low volume.
It's like two opposite sides, there are pluses and there are minuses of each, right? Dex with more maximum service, consider it more "official" so that many people choose and trade there so that the volume increases, conversely even though cex is assumed to have stronger security but is not very desirable, that's how the market accepts it. So we have to make good use of both. Quality Dex like Bianance Dex, can also be the best solution for trading. And that's the reason why we are still seeing a lot of dex have a very low volume.
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
Obviously it will and that's a dream come true for most because we want dex to overcome this market and that's why there's should be more awareness that we're doing for them. But the reality stands currently that the mass likes the convenience that CEXs have to offer.And that's the reason why we are still seeing a lot of dex have a very low volume.
People will not switch from CEX to DEX. This will not happen because decentralized exchanges are not for everyone. they are not convenient for traders. they are not comfortable to trade. DEX will always be popular only for a particular market audience
of course DEX will have bigger liquidity and volume if CEX traders/ investors move to DEX.
But why hasnt it happened until now? moreover, we already know that there are MANY hacked CEX.
I have some reasons why:
1 DEX has low speed transaction
2 DEX is lack of feature (future, margin, stop limit, etc)
3 DEX has absolutely bad GUI
4 even DEX already hacked (looking at bancor)
So, dont be wonder why people still stick to CEX, DEX hasnt given better option in this case.
But why hasnt it happened until now? moreover, we already know that there are MANY hacked CEX.
I have some reasons why:
1 DEX has low speed transaction
2 DEX is lack of feature (future, margin, stop limit, etc)
3 DEX has absolutely bad GUI
4 even DEX already hacked (looking at bancor)
So, dont be wonder why people still stick to CEX, DEX hasnt given better option in this case.
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
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.
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.
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.
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
That's not an easy task to do. most people are using the centralized crypto exchange for the long time already, and It wasn't easy to till people to leave and stop using a centralized exchange in favor of using decentralized exchange. Dex is good but it needs time to accept it with everybody. for the meantime just simply use those trustworthy bearing Centralized exchange for your trading needs to avoid losing of funds.
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?
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?
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.
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
to be honest with you, i dont ever think people will leave centralized exchanges of decentralized exchanges. i personally dont like decentralized exchanges and i believe it has more disadvantage than centralized exchanges
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
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