Topic: Which exchanges are better? DEX or CEX? (Read 214 times)
For me centralized is still the best i don't know but im not comfortable everytime i want to trade on dex im entering private keys.
In general I've had much better experiences with centralized exchanges. I've used IDEX a bit... but overall DEXs don't seem to be too user friendly. I made an accidental click on Etherdelta (was trying to copy and paste a price) and bought a bunch of a worthless coin instead of selling it.
For the average user there is no difference where to trade. It works quickly, you can quickly sell and buy, especially if you do not trade large amounts of assets.
You obviously don't know the difference between these two types exchanges, because if you knew you wouldn't say that. There is a huge difference for any user, average or otherwise. When a centralized exchange gets hacked or an inside job is pulled off, traders lose their money. With a genuinely decentralized exchange it is simply not possible as a decentralized exchange doesn't have private keys from their client's money, and therefore theft is not possible, at least not in the same way as it regularly happens with centralized ones, when all users are affected at once.
This is the main advantage of decentralized exchanges.
Obviously, both types of exchanges have their advantages and disadvantages. I like decentralized, but they have one big drawback - little liquidity. But while I have enough of it, I hold most of the tokens for a long time, I sell only the most unpromising.
Perhaps the fix for the many challenges people face when trading cryptocurrencies isn’t decentralized exchanges (DEXs). Although there are some die-hard believers out there, the fact of the matter is, DEXs aren’t yet sufficiently developed in a way to encourage mass adoption (e.g. mining is too slow, there are liquidity challenges, trading is manual, single orders can be expensive, front-running is a problem, etc…)
Theoretically decentralized exchanges are better, but in practice they are not yet so developed and familiar to users to become popular. Uncertainty frightens, therefore majority chooses centralized exchanges with the greatest degree of reliability.
I think the centralized exchange is still the best choice at present. For the following
- More than 90% of current transactions are on centralized exchanges
- Centralized exchanges have better security
- They offer more airdrops and more events for the user
- More than 90% of current transactions are on centralized exchanges
- Centralized exchanges have better security
- They offer more airdrops and more events for the user
i love DEX's because they show a real interest and volume for listed there projects, but of course CEX's with a good volumes and MM are better for projects listings.
Decentralized exchanges are the future.
Centralized exchanges failed so many times and I still do not understand why still people trust them and store here their coins..
Centralized exchanges failed so many times and I still do not understand why still people trust them and store here their coins..
Which exchanges are better - centralized or decentralized?
This question has been asked over and over, yet the answer is still "it depends". The latest difficulties in the market have made many tokens non-listed and in that case the DEX have proven to be the last and only resource for investors to recover.
However, any trader will tell you that he can only use de CEX because they need to perform hundreds of fast operations a day to make their living.
Which exchanges are better - centralized or decentralized? Which ones are better to trade? After all, now often break and steal funds from the wallets of exchanges.
As far as I know, there are no truly decentralized exchanges so far that would mimic or replicate all or at least some of the features that an advanced centralized exchange (for example, Bitfinex) enjoys. It is possible to design them, but building a decentralized exchange would not be rewarding as its developers wouldn't be able to profit by it as the very nature of such an exchange assumes the absence of a third party. But if there is no third party, there is no way to receive royalties. Apart from that, it requires a coordinated effort from the developing teams of every major coin out there but that's very unlikely. We don't even see a lot of agreement even between Bitcoin developers, not speaking of others.
I love centralised exchanges. Beucase i like to trust someone. For example i am fan of changpeng zhao and i feel happy and safe while using binance.
at the other point if we can think as dex is forkdelta. i cant feel myself safe definetly
. idex is a good example for trustable dex but i always prefer cexs.
at the other point if we can think as dex is forkdelta. i cant feel myself safe definetly
. idex is a good example for trustable dex but i always prefer cexs. Hi man! Please dont compare " you like somebody" and " you trust somebody". I think it is a big difference. If we can trust to the crypto exchange it has to be licensed exchange. Everything have to be legal. This is my opinion...
I love centralised exchanges. Beucase i like to trust someone. For example i am fan of changpeng zhao and i feel happy and safe while using binance.
at the other point if we can think as dex is forkdelta. i cant feel myself safe definetly. idex is a good example for trustable dex but i always prefer cexs.
at the other point if we can think as dex is forkdelta. i cant feel myself safe definetly
. idex is a good example for trustable dex but i always prefer cexs.
I have started to use DEX exchange a year ago. It was not easy for first time after centralized exchanges. They improve UX of interface so it will be more user friendly. The main advantage of DEX in my point of view - you own the private key from your account on Dex exchange.
I actually prefer centralized exchanges to decentralized exchanges. I will just argue out a point and the point is that its very easy to make silly mistake on decentralized exchanges when it comes to buying, selling and withdrawal. Centralized exchanges on the other hand is user friendly and not difficult to use so it will be rare to make mistake as regards buying, selling and withdrawal on centralized exchanges.
In general I've had much better experiences with centralized exchanges. I've used IDEX a bit... but overall DEXs don't seem to be too user friendly. I made an accidental click on Etherdelta (was trying to copy and paste a price) and bought a bunch of a worthless coin instead of selling it.
For the average user there is no difference where to trade. It works quickly, you can quickly sell and buy, especially if you do not trade large amounts of assets.
I watched the Etherdelta, far below the ICO, if the coin is not on a big exchange. This is only good for those who want to buy coins on the cheap to hold.
I find the UX to be better with centralized exchanges... however they seem to be magnets for big hacks.
There are no safe place when the hacker attacks, even some of the famous exchanges already encounter it. For example " Binance Hack Issue this year 2018 ( https://support.binance.com/hc/en-us/articles/360001547431-Summary-of-the-Phishing-and-Attempted-Stealing-Incident-on-Binance ) Based on this article : https://www.ccn.com/731-million-stolen-from-crypto-exchanges-in-2018-can-hacks-be-prevented/
How Can Exchange Hacks be Prevented?
Japan and South Korea, two countries that experienced the largest security breaches in 2018, have already started to implement strict regulatory policies to establish industry standards regarding cryptocurrency exchange security.
The government of South Korea has chosen to regulate cryptocurrency exchange as banks, providing local financial agencies the authority to monitor and oversee crypto exchanges.
With stricter regulations and consistent monitoring of the security systems implemented by exchanges, authorities of Japan and South Korea expect the magnitude of security breaches in the cryptocurrency sector to decline over time.
Which exchanges are better - centralized or decentralized? Which ones are better to trade? After all, now often break and steal funds from the wallets of exchanges.
Decentralized exchanges are a lot safer to keep your coins on as you still maintain control over them. Not only will this help prevent losing your coins to hackers or dishonest owners but it also prevents your coins being used to your detriment. If your coins are on a centralized exchange there is nothing to prevent the exchange owner lending your coins to people who want to short sell them. Also since we have seen a rise in exchanges offering margin trading there is an increased danger that they could get this very wrong and bankrupt the exchange taking your coins with it. At the moment, there are very few people using DEX because of the difficulty of using, as well as the lack of liquidity and diversity. While the CEX is focused on security, I think it's a better choice.
A lot of pros and cons in both exchange sites and what matter here is our choice. So I made a choice by looking at the CMC to see what exchange sites are high on liquidity and when I find it easy to use and there's no kyc then I'm good to go. I don't stick to one sites as I trade different coins, btw.
I am not a fan of DEX because I have difficulty using it. Unlike CEX, that is more secured, easy to use and has technical support that will reply to your inquiries. Also, I have read a lot of hacking on DEX and rumors says that the hacking was done from one of their employees. Yes, it is etherdelta. Not sure why DEX is trying to keep their outdated platform. They should update and make it more user friendly.
I find the UX to be better with centralized exchanges... however they seem to be magnets for big hacks.
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