Why DEX (Decentralized Exchange) still unpopular? - page 9.

CLywaTeLb

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Quote from: VanDeinsberg12 on June 10, 2019, 04:13:14 AM

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The fact that the centralized exchange will always be more preferable. When you wanna create an order and that will be a little bit difficult compared with centralized exchange site. People are still using centralized exchange site caused by it's so easy to use it. that's why dex still unpopular among the traders.

Below your post was already mentioned IDEX. This exchange combines the qualities of decentralized and ordinary exchange. If the problem of cross-blockchain transactions is solved ergonomically, then exchanges such as IDEX will be the best crypto exchanges.

jagaban

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Quote from: Red-Apple on June 10, 2019, 03:43:34 AM

Quote from: ikicha on June 10, 2019, 03:20:52 AM

Binance has launch Binance DEX but still have low volume and pair only for BNB (not BTC)

nothing about what Binance has launched under the false name of DEX is decentralized. in fact it is 100% centralized in everything except the name of it.
that is why people are reluctant to go near it since if anybody is seeking decentralization they would go for actual decentralized exchanges not a fake one that a centralized company creates.

I tend to agree with you. Despite the fact that Binance is the biggest crypto exchange, there are skepticism surrounding its newly launched decentralized exchange because many believe it is actually centralized. Does this mean there is a lack of trust in Binance?

rjp55

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Dex can't carry a big volume of transactions. Even if you check idex which is hybrid not fully decentralized is getting stuck when big volume happens. I wonder how will binance dex will perform.

mindrust

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DEX's has no shillers. On paper everything about DEX is superb to C-Ex's but people like to join the promotion campaigns which Cex's make. (like bringing people as their referrals)

There is another problem, I've tried 2 dex's till now. 1-Cryptobridge, 2-Bisq.

Both of them are on the bit slower side compared to the centralized exchanges.

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Quote from: khiholangkang on June 10, 2019, 05:36:00 AM

Quote from: ikicha on June 10, 2019, 03:20:52 AM

Binance has launch Binance DEX but still have low volume and pair only for BNB (not BTC)

It is only natural that Binance Dex is still a small number of users because every coin / token that you want to register there must use the Binance Chain, and also the pair there will only be a BNB there will be no BTC pair

That could just be starting point for binance, after some time, they would have to attract more traders and just dont depend on loyal traders. A lot of DEX sites everywhere and most uses BTC or ETH. They atleast accept these after some time.

khiholangkang

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Quote from: ikicha on June 10, 2019, 03:20:52 AM

Binance has launch Binance DEX but still have low volume and pair only for BNB (not BTC)

It is only natural that Binance Dex is still a small number of users because every coin / token that you want to register there must use the Binance Chain, and also the pair there will only be a BNB there will be no BTC pair

mardaed

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I think because of centralized exchange there will be a liquidity unlike dexexchanges. But dont say its not popular because if you know IDEX, this dex exchange is better than other centralized exchange.

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DEX like EtherDelta, ForkDelta, etc. more often used as a sale or purchase of coins, but not for trading. Centralized exchanges are better suited for professional trading, because they have several advantages: high trading volumes, the ability to trade not only ERC20 tokens, leverage, stop loss and other advantages.

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Quote from: mu_enrico on June 10, 2019, 04:06:40 AM

Because there is no such thing as a decentralized exchange (at least to date), for example, Etherdelta/Forkdelta/IDEX has smart contract issuers (centralized party). Binance chain also has Binance corp as the token issuer.

I think it is better to solve this problem using a non-custodial wallet exchange mechanism, where users' fund are really #SAFU, doesn't matter whether the exchange is centralized or not.

I agree with the sentiment that DEXs are currently cumbersome and not at all true DEXs when you dig down into it.

But there is such a thing as a truly decentralized exchange, it is called Block DX (https://blocknet.co/block-dx/). Its just not widely pushed at the moment as you need to have full wallets of the assets you want to trade (soon to change with release of a decentralized lite-multi wallet powered by the Blocknet Protocol). Good liquidity on some LTC pairs as the chain is quick and easy to sync. Check out the "DEX" comparisons at the bottom of this article. https://blocknet.co/the-evolution-of-the-decentralized-exchange-a-brief-history/

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People just want something simple and convenient. DEX usually tend to looks complicated in the eyes of normal people, I mean you need to insert it and that while in centralied exchange you are guided although that's not true, DEX is as simple as centralized exchange, even better usually DEX that's not under big exchanges doesn't require you to submit your KYC so more security for that.

VanDeinsberg12

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Quote from: ikicha on June 10, 2019, 03:20:52 AM

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)

The fact that the centralized exchange will always be more preferable. When you wanna create an order and that will be a little bit difficult compared with centralized exchange site. People are still using centralized exchange site caused by it's so easy to use it. that's why dex still unpopular among the traders.

mu_enrico

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Because there is no such thing as a decentralized exchange (at least to date), for example, Etherdelta/Forkdelta/IDEX has smart contract issuers (centralized party). Binance chain also has Binance corp as the token issuer.

I think it is better to solve this problem using a non-custodial wallet exchange mechanism, where users' fund are really #SAFU, doesn't matter whether the exchange is centralized or not.

chichidori

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Because most of them caters only to erc20 tokens and most of the token that are being sold on dex are worth close to nothing.

kurcalas

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Quote from: ikicha on June 10, 2019, 03:20:52 AM

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)

It's all about people's habits. People still do not fully understand the logic of crypto beings. We didn't see how important decentralization was. But I think the time will come.

BTW, the DEXs we're talking about are not semi-DEXs like Bancor. I'm talking exchanges that are completely decentralized.

Red-Apple

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Quote from: ikicha on June 10, 2019, 03:20:52 AM

Binance has launch Binance DEX but still have low volume and pair only for BNB (not BTC)

nothing about what Binance has launched under the false name of DEX is decentralized. in fact it is 100% centralized in everything except the name of it.
that is why people are reluctant to go near it since if anybody is seeking decentralization they would go for actual decentralized exchanges not a fake one that a centralized company creates.

ikicha

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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)

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