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Topic: Please Support Decentralized Crypto Exchanges - page 2. (Read 332 times)

newbie
Activity: 182
Merit: 0
I am not agree with him because why we shouldn’t trust with our coins because this coin like bitcoin gives us proper value and giving us many benefits but some cases some government apply tax on coins but it’s not fare based on this in online they can’t apply any taxes but there may be some reasons that not mean you shouldn’t trust on coins it’s your problem not all of us.  Shocked Sad
newbie
Activity: 238
Merit: 0
I think giving your information to the government will not effect you much until you are not making a huge profit from bitcoin and I think you should not worry about this. But if you are earning enough and taxes are being imposed on you what you can do is divide it among your group as you mentioned that you have one. Then you alone will not have to take the burden.
jr. member
Activity: 364
Merit: 3
GIGZI - INDEPENDENT WEALTH MANAGEMENT
A lot must happen, before people will trust Decentralized Crypto exchanges. This will take a lot of marketing and reputable people giving these exchanges good reviews, before they will become more popular than Centralized Crypto exchanges. A lot of these Decentralized Crypto exchanges do not have insurance to cover people's losses, when they get hacked.

Where do you take your complaints when you lose money on a Decentralized Crypto exchange? Most of these Decentralized Crypto exchanges are 100% anonymous, so you have no recourse when things goes wrong.

If it will be in a reality then we support this decentralized crypto exchanges, if ever there will be cases that your account or money will be hacked then , that is the big problem of the exvhanges , then they will loose their reputation and trust from people , so this decentralized crypto exchanges must have mitigation in cases that this might happen in the future in order to continue the business.
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
A lot must happen, before people will trust Decentralized Crypto exchanges. This will take a lot of marketing and reputable people giving these exchanges good reviews, before they will become more popular than Centralized Crypto exchanges. A lot of these Decentralized Crypto exchanges do not have insurance to cover people's losses, when they get hacked.

Where do you take your complaints when you lose money on a Decentralized Crypto exchange? Most of these Decentralized Crypto exchanges are 100% anonymous, so you have no recourse when things goes wrong.
jr. member
Activity: 328
Merit: 2
    Yes,we support decentralized crypto exchanges because this was a nice exchange which is anonymous. But we all know government don't stop to find a way to get what they want...So,much better if you want to continue to operate decentralized exchange i think you should talk to your group and tell them what government want to happen. If government ask for tax then pay for it,you and your group must decide to solve the problem than to have a big problem in the future.
sr. member
Activity: 854
Merit: 250
hey, please don't trust your coins with these popular exchanges. today my exchange handled my details to my government and i am totally unhappy about that, as i have a group involved and i will be paying heavy taxes as the government thinks i am the one who made that money, but the truth is it was split between the group.


if the government doesn't compensate on bitcoin going down, then it has no right to have the gains too.


Please support decentralized exchanges, it will make governments to stop shitting about crypto gains taxes and other takedown noticed.



SUpport Decentralized Exchanges
may it happen to you and your country, for now the government in my country has not legalized bitcoin as the currency that applies what may the government taxes even for transactions only the government forbid
hero member
Activity: 1232
Merit: 503
i dont know why people dont want pay taxes. your probably doing some shady things if you dont want to know your information being given you should be not worrying if your not doing shady things besides government already have your information they just need to get those money launderers. im thankful our government here in philippines is thinking not just giving ban because they cant tax it bitcoin is legalize here already.

i don't think anybody likes using these centralized exchanges which are pretty shady and risky to use, specially with all the scams that happened throughout history and all the money that they have stolen from us. but the problem is that using decentralized exchanges is much harder and it is not as fast either. on top of that they sometimes don't have the same volume so it may become harder to trade certain coins with lower volume, a big spread and a thin orderbook.
people just need to avoid these type of exchanges. people would not mind the service being fast if their crypto's is safe. i agree the volume is low thus the spread is big people just need to bear with it if they want to use decentralized exchange.
legendary
Activity: 1946
Merit: 1137
i don't think anybody likes using these centralized exchanges which are pretty shady and risky to use, specially with all the scams that happened throughout history and all the money that they have stolen from us. but the problem is that using decentralized exchanges is much harder and it is not as fast either. on top of that they sometimes don't have the same volume so it may become harder to trade certain coins with lower volume, a big spread and a thin orderbook.
newbie
Activity: 294
Merit: 0
If the government asking for taxes, I think there's nothing wrong about it. Even, it seems good to me as they are giving you the permission for exchange. There're many people who are doing it illegally as their government doesn't permit them to do so. However, taxes are for our own good. It helps the people of our country.
newbie
Activity: 238
Merit: 0
its just with time we will start seeing many decentralized , and you need to know that you government has the right to collect you information from the site as they are  one ruiing and has power of all.. .
newbie
Activity: 224
Merit: 0
hey, please don't trust your coins with these popular exchanges. today my exchange handled my details to my government and i am totally unhappy about that, as i have a group involved and i will be paying heavy taxes as the government thinks i am the one who made that money, but the truth is it was split between the group.


if the government doesn't compensate on bitcoin going down, then it has no right to have the gains too.


Please support decentralized exchanges, it will make governments to stop shitting about crypto gains taxes and other takedown noticed.



SUpport Decentralized Exchanges

decentralized exchanges are having many issues to be solved. i often see the exchanges not updating their order book.
one of the advantages of centralized exchange is the speed of transactions. look binance, it can do many transactions per second.
newbie
Activity: 257
Merit: 0
Bitcoin itself preaches Decentralization and that's why no single entity have control over it. It was a bad experience for you mate.  Though what your exchange did was a breach of agreement except it's otherwise stated in their terms and condition.

hey, please don't trust your coins with these popular exchanges. today my exchange handled my details to my government and i am totally unhappy about that, as i have a group involved and i will be paying heavy taxes as the government thinks i am the one who made that money, but the truth is it was split between the group.


if the government doesn't compensate on bitcoin going down, then it has no right to have the gains too.


Please support decentralized exchanges, it will make governments to stop shitting about crypto gains taxes and other takedown noticed.



SUpport Decentralized Exchanges
newbie
Activity: 238
Merit: 0
feeling very bad for you mate, they have no right to do this kinda thing, it's very unethical. we all support decentralized exchanges man, and we forever will be. thanks for leting us know we will be aware from now.
newbie
Activity: 27
Merit: 0
Yeah, that's a good idea Wink
full member
Activity: 238
Merit: 100
I fully support it. There is a number of good decentralized exchanges such as Forkdelta, Token.Store and IDEX where you can buy and sell with a low fee and almost independently on the third party.
newbie
Activity: 252
Merit: 0
Yes, I always support decentralization process because the data remain safe. But decentralization sometimes also creates problems if you use their domain. Moreover you should have informed the other members about the tax issue.
member
Activity: 504
Merit: 10
YOUC | John McAfee Supports
hey, please don't trust your coins with these popular exchanges. today my exchange handled my details to my government and i am totally unhappy about that, as i have a group involved and i will be paying heavy taxes as the government thinks i am the one who made that money, but the truth is it was split between the group.


if the government doesn't compensate on bitcoin going down, then it has no right to have the gains too.


Please support decentralized exchanges, it will make governments to stop shitting about crypto gains taxes and other takedown noticed.



SUpport Decentralized Exchanges

i am using decentralized exchange too. but unfortunately decentralized exchange is not very secure.
they have no security like 2fa, email confirmation, etc. unless they have better security, i think peoples will prefer to centralized one.
newbie
Activity: 308
Merit: 0
Take it easy. Make the bitcoin legal by paying tax. Well if the legislature requesting that you pay imposes then you can educate the gathering that the administration is asking you the expense and subdivide it to your gathering that way you won't be the just a single to bear it. In our nation our character and records were additionally submitted to the administration yet as long as we don't procure excessively btc the Anti-Money Laundering Authority won't worry about us and we won't be compelled to apply for a business allow and pay salary charges originating from the benefit we made in bitcoin.
newbie
Activity: 84
Merit: 0
That's true if government is being unfair with taxing cryptocurrency users and exchange couldn't keep user's data secure. But not only that, deposit/withdraw in centralized exchange sometimes is very slow and verification process is very slow.

Even so, people still centralized exchange rather than decentralized exchange since they don't want to bother set-up lots of things and the volume is simply too low for some users. But with Lightning Network (or other 2nd layer protocol), Atomic swap will be possible and more people would use this option in future Smiley

But in some countries there are some users who cannot verify their identity because of the lack of papers or accepted forms of identification, and maybe the others might be underaged. Some of the posts here make it look like they are. Hahaha.

At any rate, what we need is more information and educational materials about decentralized exchanges like BISQ. The lack of information might be the only deterrent for its use.

I want to support that's why I registered here.
legendary
Activity: 2898
Merit: 1823
That's true if government is being unfair with taxing cryptocurrency users and exchange couldn't keep user's data secure. But not only that, deposit/withdraw in centralized exchange sometimes is very slow and verification process is very slow.

Even so, people still centralized exchange rather than decentralized exchange since they don't want to bother set-up lots of things and the volume is simply too low for some users. But with Lightning Network (or other 2nd layer protocol), Atomic swap will be possible and more people would use this option in future Smiley

But in some countries there are some users who cannot verify their identity because of the lack of papers or accepted forms of identification, and maybe the others might be underaged. Some of the posts here make it look like they are. Hahaha.

At any rate, what we need is more information and educational materials about decentralized exchanges like BISQ. The lack of information might be the only deterrent for its use.
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