Topic: Now let’s talk about CEX or DEX - page 2. (Read 192 times)
Obviously, CEXs have far more liquidity than DEXs but are more disastrous when exploited. Central limit order books (CLOBS) are simply far more capital efficient than automated market makers(AMMs, which DEXs like Uniswap use).
Both have their own advantages and disadvantages. If I want to buy a bigger amount of Crypto, I will go with a CEX. It has less fee as compared to the slippage on DEX and also the chance of the transaction getting failed. On the Ethereum layer, one transaction of this type can cost 40-50 bucks. If I want to pay somewhere using Crypto, that also I can do with Binance and most of the companies have started using Binance Pay, which allows instant payments on Crypto Network without paying any fee.
DEX can be used for trades on-chain and when you want to invest in a project which isn't listed on CEX as of now.
DEX can be used for trades on-chain and when you want to invest in a project which isn't listed on CEX as of now.
Does either of them have good liquidity?
On DEX:
On 1inch BSC chain, you can swap 1 000 000$ on BTC/USDT trading pair with only 0.23% slippage. 10 000 000$ with 4% slippage.
On 1inch ETH chain, you can swap 100 000 000$ on ETH/USDT trading pair with 3.7% slippage, 1 000 000$ with 0.18% slippage.
On CEX:
On binance spot you can buy 6 000 000$ worth of bitcoin with only 1% slippage.
I don't think any of us need more liquidity (and we're talking about a single trade here, buying/selling in smaller chunks would have a significantly smaller impact on the price)
Which platform do we think is more reputable and have good track record of security? Does either of them have good liquidity?
Dex is the best,as it gives you high level of privacy. Unlike Cex that is not private and needs KYC for you to use it. Cex only have am advantage for traders because they have so many cryptocurrency and you can convert it to your local currency,and I think that these are the main reasons why people are using Cex. Cex has so many disadvantages like,users can be tracked by the government, it relies on third party for transactions and the they can easily sell out your information to whoever pays for it. We have some good Dex like bisq and Agora Desk,you can try it out. Big Cex has more liquidity than Dex because some small Cex depends on the big ones by keeping their funds with the big ones. 
Which platform do we think is more reputable and have good track record of security? Does either of them have good liquidity?
You'd have to move the thread to altcoin discussion. Should be more appropriate given that it's about DEX.
Not true. You have always been able to trade Bitcoin using a DEX... Uniswap and all them altcoin-swapping platforms don't lay claim to being the first DEXes around, you know. They may have popularised liquidity pool style AMMs but certainly weren't the first, nor the only ones.
They're not even half as decentralised as p2p exchanges like Bisq. Non-custodial is probably the only aspect most DEXes can claim accurately.
Which platform do we think is more reputable and have good track record of security? Does either of them have good liquidity?
First let's ask yourselves why you did not search?Because with searching, you will get enough answers for the basic questions and won't have to ask them here. You can ask after doing your due diligent research and got some ideas. You can describe what you understood, what you did not and what you are confusing. Your topic is purely questioning without any signal that you already did your research.
CEXs usually have higher trading volume than DEXs but not all CEXs have higher trading volume than DEXs.
I’m terms of security and reputation it will always be the Dex since unlike cex it does not have a central body controlling it. Meaning users funds won’t be confiscated by the exchange whenever an unusual activity is detected.
If you’re the type that takes privacy and security seriously then you probably would go with Dex, I would love to believe that the main reason why a lot of people still use cex is because of the features that they offer and still pretty much easy to navigate which usually draws the attention of newbies.
In all Dex has more security and privacy than Cex.
If you wish to learn more then check out this link
If you’re the type that takes privacy and security seriously then you probably would go with Dex, I would love to believe that the main reason why a lot of people still use cex is because of the features that they offer and still pretty much easy to navigate which usually draws the attention of newbies.
In all Dex has more security and privacy than Cex.
If you wish to learn more then check out this link
Which platform do we think is more reputable and have good track record of security? Does either of them have good liquidity?
You'd have to move the thread to altcoin discussion. Should be more appropriate given that it's about DEX.
For DEX, I recommend popular ones like Uniswap since their code has been fully audited (this doesn't mean it's hack-proof btw). CEX is not recommended except you need quick on/off ramps fiat services which most CEX offer out of the box. For DEX recommendations, Popular ones like Uniswap, 1inch, etc should do just fine.
Which platform do we think is more reputable and have good track record of security? Does either of them have good liquidity?
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