Topic: Why DEX (Decentralized Exchange) still unpopular? - page 3. (Read 1365 times)
A very brilliant topic! To me seems most people never understand the relevance of Decentralized Exchange in Crypto trading . Its quite odd trading decentralized digital assets in a centralized exchange . I believe Decentralize exchangers will take total control in the future. There are some better Projects working towards developing better decentralized exchange which i feel will be of great advantage in Crypto industry. Saturn Black decentralized exchange is very promising though they never launched their platform but the feature of this platform is fantastic. Volentix as well willing to offer a super Decentralized Exchange . I believe in future Decentralized exchangers will take control.
Hi all traders!
Why you always using Centralized Exchange to trade Decentralized Asset?
Too many 'hacked' news or maybe "hacked by internal" at 2019, Cryptopia, Binance, Huobi, Etc.
Why traders still using Centralized Exchange?
Centralized Exchange
+ Huge Volume
+ Fast CS Response
- Less security
- Not your keys, not your coins
- Paid to list
Binance has launch Binance DEX but still have low volume and pair only for BNB (not BTC)
Why you always using Centralized Exchange to trade Decentralized Asset?
Too many 'hacked' news or maybe "hacked by internal" at 2019, Cryptopia, Binance, Huobi, Etc.
Why traders still using Centralized Exchange?
Centralized Exchange
+ Huge Volume
+ Fast CS Response
- Less security
- Not your keys, not your coins
- Paid to list
Binance has launch Binance DEX but still have low volume and pair only for BNB (not BTC)
because its more safety and profit.
i guess u really understand about it.
about why pair always only on BNB its normal since we know they launched their dex on their blockchain self.
i just think it will be hard to input btc on their DEX system.
As I know in order to identify the user binance DEX looks up the user's IP address and uses cookies, so on this basis binance can decide whether the user can trade on the exchange or not. What kind of decentralization are you talking about?
Maybe Centralized Exchange is more user friendly to use it.
Then,sometimes the price of coin in the decentralize exchange is very bad than on the centralized exchange.
Well centralized exchange is more friendly because there exist the customer support whereas most of DEX runs autonomously and usually the support comes from the community itself, but when people get used to the mechanism there's basically no different to centralized exchange in term of conveniences. Then,sometimes the price of coin in the decentralize exchange is very bad than on the centralized exchange.
I think one of the reasons why DEX's are still unpopular today is that is has suffered from the ill effects brought out by too much competition. The fact that many DEX's have surfaced in a short period of time only resulted for them to have low volume and low activity, which most of them has also low price for their listed tokens as compared to centralized exchanges. I also think this is is one of the reasons why most traders would often prefer centralized exchanges over DEX's.
Competitions and popularity, most dex still not getting supports where centralized exchange already caters, traders still using centralizedsince volumes and daily activities is more active inside known exchange, unlike dex where mostly new projects are being available.
Hi all traders!
Why you always using Centralized Exchange to trade Decentralized Asset?
Too many 'hacked' news or maybe "hacked by internal" at 2019, Cryptopia, Binance, Huobi, Etc.
Why traders still using Centralized Exchange?
Centralized Exchange
+ Huge Volume
+ Fast CS Response
- Less security
- Not your keys, not your coins
- Paid to list
Binance has launch Binance DEX but still have low volume and pair only for BNB (not BTC)
Well i believe people are still feel centralized exchange are suitable and good enough as long as its safe and couldnt be hacked. I do also think people still afraid to login with their own private key and many of them dont understand how decentralized exchange works.Why you always using Centralized Exchange to trade Decentralized Asset?
Too many 'hacked' news or maybe "hacked by internal" at 2019, Cryptopia, Binance, Huobi, Etc.
Why traders still using Centralized Exchange?
Centralized Exchange
+ Huge Volume
+ Fast CS Response
- Less security
- Not your keys, not your coins
- Paid to list
Binance has launch Binance DEX but still have low volume and pair only for BNB (not BTC)
Hi all traders!
Why you always using Centralized Exchange to trade Decentralized Asset?
Too many 'hacked' news or maybe "hacked by internal" at 2019, Cryptopia, Binance, Huobi, Etc.
Why traders still using Centralized Exchange?
Centralized Exchange
+ Huge Volume
+ Fast CS Response
- Less security
- Not your keys, not your coins
- Paid to list
Binance has launch Binance DEX but still have low volume and pair only for BNB (not BTC)
Well i believe people are still feel centralized exchange are suitable and good enough as long as its safe and couldnt be hacked. I do also think people still afraid to login with their own private key and many of them dont understand how decentralized exchange works. Why you always using Centralized Exchange to trade Decentralized Asset?
Too many 'hacked' news or maybe "hacked by internal" at 2019, Cryptopia, Binance, Huobi, Etc.
Why traders still using Centralized Exchange?
Centralized Exchange
+ Huge Volume
+ Fast CS Response
- Less security
- Not your keys, not your coins
- Paid to list
Binance has launch Binance DEX but still have low volume and pair only for BNB (not BTC)
Hi all traders!
Why you always using Centralized Exchange to trade Decentralized Asset?
Too many 'hacked' news or maybe "hacked by internal" at 2019, Cryptopia, Binance, Huobi, Etc.
Why traders still using Centralized Exchange?
Centralized Exchange
+ Huge Volume
+ Fast CS Response
- Less security
- Not your keys, not your coins
- Paid to list
Binance has launch Binance DEX but still have low volume and pair only for BNB (not BTC)
Because actually the traders does not care about the decentralize application, they just think about the price of cryptocurrencies and how they can get money in cryptocurrencies fast, even some of people don't know about the benefits of decentralize application dapps on trading cryptocurrencies.Why you always using Centralized Exchange to trade Decentralized Asset?
Too many 'hacked' news or maybe "hacked by internal" at 2019, Cryptopia, Binance, Huobi, Etc.
Why traders still using Centralized Exchange?
Centralized Exchange
+ Huge Volume
+ Fast CS Response
- Less security
- Not your keys, not your coins
- Paid to list
Binance has launch Binance DEX but still have low volume and pair only for BNB (not BTC)
If Binance DEX have a high volume trading, i promise if that DEX exchange will on top like Binance Centralized.
Hi all traders!
Why you always using Centralized Exchange to trade Decentralized Asset?
Too many 'hacked' news or maybe "hacked by internal" at 2019, Cryptopia, Binance, Huobi, Etc.
Why traders still using Centralized Exchange?
Centralized Exchange
+ Huge Volume
+ Fast CS Response
- Less security
- Not your keys, not your coins
- Paid to list
Binance has launch Binance DEX but still have low volume and pair only for BNB (not BTC)
Because actually the traders does not care about the decentralize application, they just think about the price of cryptocurrencies and how they can get money in cryptocurrencies fast, even some of people don't know about the benefits of decentralize application dapps on trading cryptocurrencies.Why you always using Centralized Exchange to trade Decentralized Asset?
Too many 'hacked' news or maybe "hacked by internal" at 2019, Cryptopia, Binance, Huobi, Etc.
Why traders still using Centralized Exchange?
Centralized Exchange
+ Huge Volume
+ Fast CS Response
- Less security
- Not your keys, not your coins
- Paid to list
Binance has launch Binance DEX but still have low volume and pair only for BNB (not BTC)
The Binance DEX is not a true DEX sadly. Sorry to burst your bubble. It's operated by 20 nodes ALL contolled by Binance themselves. You call that decentralized?
Binance just wants to be first, since they have a HUGE advantage since their user base is SO huge.
There are other options out there if you want to use a REAL DEX, that is 100% decentralized, and not controlled by anybody. BlockNET, and I believe Bitshares is working on a great solution as far as I know.
The DEX that I look forward to the most and with several reasons is the Stakenet DEX though. Reason is, they will have lightning transactions on top of the DEX. (And if you're a huge fan of tech like I am, it's a no brainer). With lightning transactions, and a DEX run entirely by masternodes who HOSTS the blockchains, the DEX will be as fast to use as any centralized solution out there.
The biggest issue currently is liquidity. That's the MAIN reason people stay far away from any decentralized solutions. Well, if you look at Stakenets DEX Aggregator, they want to combine multiple DEX's into one, which adds a ton of liquidity.
Their DEX hasn't been launched yet, so for my trades I currently play around with the BlockNET DEX.
Maybe Centralized Exchange is more user friendly to use it.
Then,sometimes the price of coin in the decentralize exchange is very bad than on the centralized exchange.
Then,sometimes the price of coin in the decentralize exchange is very bad than on the centralized exchange.
I believe volume is the biggest factor, on top of the many shortcoming on DEX that resulted from being a decentralised application doesn't actually matter for me, I don't need promotions, IEO, supports, a comprehensive UI with necessary functions is more than enough. Waves dex is really good except it have too many useless assets and limited volume.
In my opinion, decentralised exchanges are much better and bringing the security of your funds on the whole new level. The only problem is the lack of major coins, because every DEX is combined with a specific altcoin.
I think one of the reasons why DEX's are still unpopular today is that is has suffered from the ill effects brought out by too much competition. The fact that many DEX's have surfaced in a short period of time only resulted for them to have low volume and low activity, which most of them has also low price for their listed tokens as compared to centralized exchanges. I also think this is is one of the reasons why most traders would often prefer centralized exchanges over DEX's.
Not sure that Binance DEX can be better security than Binance. And also I see what users need most is a large volume exchange with lots of coins so they can be easily invested
Dex platforms need more volume they are expanding so in due time they will get back good number of users and decent trading volume so we should give time for Dex to get popularize
The true show time of decentralized exchanges is yet to come. Centralized exchanges serve a bit different purpose than DEXs. I personally have high hopes in IDEX and their dev team.
Hi all traders!
Why you always using Centralized Exchange to trade Decentralized Asset?
Too many 'hacked' news or maybe "hacked by internal" at 2019, Cryptopia, Binance, Huobi, Etc.
Why traders still using Centralized Exchange?
Centralized Exchange
+ Huge Volume
+ Fast CS Response
- Less security
- Not your keys, not your coins
- Paid to list
Binance has launch Binance DEX but still have low volume and pair only for BNB (not BTC)
Because actually the traders does not care about the decentralize application, they just think about the price of cryptocurrencies and how they can get money in cryptocurrencies fast, even some of people don't know about the benefits of decentralize application dapps on trading cryptocurrencies.Why you always using Centralized Exchange to trade Decentralized Asset?
Too many 'hacked' news or maybe "hacked by internal" at 2019, Cryptopia, Binance, Huobi, Etc.
Why traders still using Centralized Exchange?
Centralized Exchange
+ Huge Volume
+ Fast CS Response
- Less security
- Not your keys, not your coins
- Paid to list
Binance has launch Binance DEX but still have low volume and pair only for BNB (not BTC)
Cryptocurrency is like a whim. The people follow other people blindly. If a coin rises vertically in price, other people will follow the people without trying to understand how price of the coin has increased. So is the case with exchanges centralized or decentralized. People are using extensively some popular exchanges like binance, coinbase, bitbtc etc without trying to know what is decentralized exchange is and what benefits one can get from it.
And if there are no trading volumes then what's the point of using DEX? In this issue you can use the term "historically". People follow people; new projects do not tend to listing on DEX's (not to mention the fact that there are very few real DEX's); in this case, quality does not go into quantity, unfortunately.
Hi all traders!
Why you always using Centralized Exchange to trade Decentralized Asset?
Too many 'hacked' news or maybe "hacked by internal" at 2019, Cryptopia, Binance, Huobi, Etc.
Why traders still using Centralized Exchange?
Centralized Exchange
+ Huge Volume
+ Fast CS Response
- Less security
- Not your keys, not your coins
- Paid to list
Binance has launch Binance DEX but still have low volume and pair only for BNB (not BTC)
Because actually the traders does not care about the decentralize application, they just think about the price of cryptocurrencies and how they can get money in cryptocurrencies fast, even some of people don't know about the benefits of decentralize application dapps on trading cryptocurrencies. Why you always using Centralized Exchange to trade Decentralized Asset?
Too many 'hacked' news or maybe "hacked by internal" at 2019, Cryptopia, Binance, Huobi, Etc.
Why traders still using Centralized Exchange?
Centralized Exchange
+ Huge Volume
+ Fast CS Response
- Less security
- Not your keys, not your coins
- Paid to list
Binance has launch Binance DEX but still have low volume and pair only for BNB (not BTC)
Cryptocurrency is like a whim. The people follow other people blindly. If a coin rises vertically in price, other people will follow the people without trying to understand how price of the coin has increased. So is the case with exchanges centralized or decentralized. People are using extensively some popular exchanges like binance, coinbase, bitbtc etc without trying to know what is decentralized exchange is and what benefits one can get from it.
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