Topic: Which exchanges are better? DEX or CEX? - page 2. (Read 215 times)
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.
Decentralized Exchanges has been the most preferred by the community.
But as of the moment most of the exchanges are centralized exchanges and they are on the mainstream. Having experience for both type, I have no problem using them.
But as of the moment most of the exchanges are centralized exchanges and they are on the mainstream. Having experience for both type, I have no problem using them.
A well developed decentralized exchange should be the best, but there is currently none. If we talk about the best exchange to trade, the centralized exchange is the answer since it has a lot of liquidity. In term of security, DEX is one step ahead.
In no time we'll see the best DEX soon.
I am going for CEX because of it's liquidity and it is more secured when you trade there. There are a lot of centralized exchanges out there so my thinking is that they should improved their services and lessen transaction fees to lure more costumers and do business with them.
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.
Both have advantages and disadvantages but i lean towards DEX more because of it's anonymity and fast transaction if you ought to withdraw your funds. My main concern with DEX is the security feature of it's platform, if it would be address very soon then i think people will migrate towards their platform. 
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.
For security and that was actually true if the decentralized exchange site has been giving more than centralized exchange site but for liquidity and DEX can't compete with centralized exchange site and remember centralized exchange still leads the way just like binance and okex. they have made their own domination. 
A well developed decentralized exchange should be the best, but there is currently none. If we talk about the best exchange to trade, the centralized exchange is the answer since it has a lot of liquidity. In term of security, DEX is one step ahead.
If you are an ico or erc-20 token enthusiast then i am sure you will be a fan of decentralized exchanges as well, personally i like idex and forkdelta, on the other hand i have to accept the fact that centrqlized exchanges are advanced with really nice and easy user interface, my favorite cex is binance.
For a DEX you need to have more experience in IT and crypto due to the complicated setup. However, it will be the future as big investors will want a place with low trading fees. For now, CEX is working well and if there are any problems there is a support team who can help
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.
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.
Money are stolen from both DEX and CEX exchange, money were stolen severally from etherdelta that is an example of DEX where money was stolen, bithumb is also an example of CEX where money was also stolen none is 100% safe at this moment.
I think it depends what you generally looking for. I use waves DEX to make trade with less fee and they generally have huge difference between buy and sell orders, here you can get some profit. Bu as a disadvantage most of the dex markets have love volume, so you cant work with huge orders there. CEX where you can trade high trading volumes and generally low difference between sell and buy orders. I use both of them for different purposes.
Isn't DEX are less secure than CEX? Also, you may have faced problem while trading. WHo will take care of if you use DEX. I think CEX is better but as we are thinking a decentralized currency, DEX will be prioritized only if it get better features.
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.
DEX are far away better than the cex. DEX are not that simple to hack although there were also dex exchanges which were hacked in the past but the numbers are very less than the centralized exchanges
Basicaly for now we have 90% of crypto transactions on the centralized crypto exchanges. And we have a lot of fraud and hackers attacks on them. As per my mind future is for complex symbiosis solution. I mean CEX+DEX exchanges...
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.
Jump to: