Topic: why there is so much fuss about decentralized exchanges - page 2. (Read 648 times)
Security of assets and most importantly personal data as decentralized exchanges don't ask for KYC. These are the reason why I think most people always prefer it over centralized exchanges.
Recently I came across an article about the future of decentralized exchanges and how they are going to transform the centralized exchanges. One thing that clearly mentioned is that decentralized exchanges are secure and impossible (kind of) to hack as no central entity is running/controlling them. However, I heard about the security breach of Bancor and waves DEX. So what's the point of decentralized exchanges if they are still being hacked 
I think Decentralized exchanges will be the future because people dont have to provide KYC. Perhaps DEX like cryptobridge need KYC for US Customer but its only for US but not for many country
I think the reason why people are anxious of the development of decentralized exchanges is the ability of people being in control of their own private keys. For instance in case where a decentralized exchange is hacked and i have logged out of the platform my wallet would not be hacked but with centralized exchanges once the platform is hacked anybody who has any funds on their platform also loses money unless the thieves decide to go for BTC and leave the altcoins.
Decentralization of exchanges is a fraud. Any developer of the project can hack the exchange. This is not complicated.
All this is done solely in order for people to actually work with excellent decentralization. She is the fruit of our work with you. I see that there are real opportunities for people to use cryptocurrencies exactly for this.
Recently I came across an article about the future of decentralized exchanges and how they are going to transform the centralized exchanges. One thing that clearly mentioned is that decentralized exchanges are secure and impossible (kind of) to hack as no central entity is running/controlling them. However, I heard about the security breach of Bancor and waves DEX. So what's the point of decentralized exchanges if they are still being hacked
They are discussed still as soon as with these decentralized exchanges we will be anonymous. However, not of them can be trusted. The best ones are Bitshares, Etherdelta
The decentralized exchange is a p2p system, and no system is not vulnerable in terms of security. The purpose of decentralization of exchange is that there are no centralized rules in transactions, they all use decentralized systems but when the system is hacked all will be possible
I also believe DEX will be more popular in the future. However it is true that Decentralize Exchange can still be hacked, their features their website etc can't still be hacked. What can't be hacked is the account and transaction since it is directly taken from ghe ethereum network, so basically as long as the Ethereum network can't be hacked the transactiona and account in DEX is infulnerable.
I dont think that most of the people around the world would thinking if decentralized exchange is the future, since there are so many lacks about it.
But for the best transaction to consider, decentralize exchange should be implemented. Also, there are less fuss in decentralize exchange as banks and third parties have nothing they can do to make an effect on it. They will going to focus on centralized platform, who knows if they intend to manipulate the money there.
Recently I came across an article about the future of decentralized exchanges and how they are going to transform the centralized exchanges. One thing that clearly mentioned is that decentralized exchanges are secure and impossible (kind of) to hack as no central entity is running/controlling them. However, I heard about the security breach of Bancor and waves DEX. So what's the point of decentralized exchanges if they are still being hacked
Definitely, we will soon see a safe DEX with user-friendly interface and solid speed, which will be a real popular without necessity KYC. Maybe such DEX will be Nash or Binance DEX. p.s. Waves actually not true DEX.
it will never be Binance DEX because despite what they are calling it, their new platform is FAR from being actually decentralized. and something like that will never succeed or be able to compete with actual decentralized exchanges.
there already are better decentralized exchanges, they are just small and since they are new the projects aren't mature enough so people aren't willing to trust their money with them YET but this won't stay like this forever.
Recently I came across an article about the future of decentralized exchanges and how they are going to transform the centralized exchanges. One thing that clearly mentioned is that decentralized exchanges are secure and impossible (kind of) to hack as no central entity is running/controlling them. However, I heard about the security breach of Bancor and waves DEX. So what's the point of decentralized exchanges if they are still being hacked
Definitely, we will soon see a safe DEX with user-friendly interface and solid speed, which will be a real popular without necessity KYC. Maybe such DEX will be Nash or Binance DEX. p.s. Waves actually not true DEX.
Decentralized Exchange is a place where we don't need to give our identity. All are personal. We access our own wallets, without exchangers. DEX only bridges transactions made by traders.
I think everyone knows that. but it's a bit risky when we use our personal wallet to enter into an exchange. where they also keep the key to enter our wallet. it will have a bad impact if there is an error made by the platform developer. we can lose the assets we have in the wallet immediately. 
Recently I came across an article about the future of decentralized exchanges and how they are going to transform the centralized exchanges. One thing that clearly mentioned is that decentralized exchanges are secure and impossible (kind of) to hack as no central entity is running/controlling them. However, I heard about the security breach of Bancor and waves DEX. So what's the point of decentralized exchanges if they are still being hacked
We are just at the beginning of DEX development so there are some issues in the past but now there is nothing to accuse DEX as bad in near future Binance are also going to paunch their decentralized exchange which may impact great on the usage of decentralized exchange among traders. 
DEXs are all the rage because that's exactly what blockchain is built for.
From the very beginning, crypto was meant to be a way to perform direct p2p transactions.
So all of the centralized exchanges have actually been counter intuitive to crypto.
It actually amazes me that dexs haven't become more mainstream earlier.
We have been paying all of these fees, dealing with kyc and withdrawal restrictions and hacking risks.
why are we accepting this?
Because people just want convenience.
They aren't willing to seek out people for a direct trade.
But now that really good dexs are popping up, hopefully, all of these centralized exchanges will fade away.
From the very beginning, crypto was meant to be a way to perform direct p2p transactions.
So all of the centralized exchanges have actually been counter intuitive to crypto.
It actually amazes me that dexs haven't become more mainstream earlier.
We have been paying all of these fees, dealing with kyc and withdrawal restrictions and hacking risks.
why are we accepting this?
Because people just want convenience.
They aren't willing to seek out people for a direct trade.
But now that really good dexs are popping up, hopefully, all of these centralized exchanges will fade away.
P2P is *probably* the wave of the future. Too many so called exchanges are getting hacked
Unfortunately people use exchanges as a wallet, that's one of the main issues is leaving your coins in someone else's security. And well....kyc.
Unfortunately people use exchanges as a wallet, that's one of the main issues is leaving your coins in someone else's security. And well....kyc.
Decentralized Exchange is a place where we don't need to give our identity. All are personal. We access our own wallets, without exchangers. DEX only bridges transactions made by traders.
The famous SWIFT will be replaced with blockchain technology for sure.
Banks are willing to change to the new technology as they see it`s benefits.
Banks are willing to change to the new technology as they see it`s benefits.
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Using decentralized exchanges means that you are owner of your funds not the exchanges.
They do not ask for KYC as well. Decentralized exchanges are still not used widely because
they are not user friendly and usually no customer service there and also having low volume
compared to big, centralized exchanges.
Using decentralized exchanges means that you are owner of your funds not the exchanges.
They do not ask for KYC as well. Decentralized exchanges are still not used widely because
they are not user friendly and usually no customer service there and also having low volume
compared to big, centralized exchanges.
Any exchange can be hacked and all traders can be deceived by the developers of the decentralized exchange. The meaning of the name I do not see as such exchanges very much and they are all decentralized.
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