So much fuss about decentralised exchange because they will never ask for your KYC, they dont care to know your identity but the exchange which happen to be centralized or pseudo-decentralized will rip you off with your identity.
I always prefer exchanges like etherdelta and idex which ask for no compliance. Say Yes to such exchanges and in coming future the demands for such exchanges will surely grow exponentially.
Topic: why there is so much fuss about decentralized exchanges - page 3. (Read 648 times)
Decentralized exchanges are more secure than most if not all centralized exchanges, because you are incharge of your funds etc. Decentralized exchanges require no KYC and is open to all and sundry unlike centralized exchanges. Also, centralized exchanges are also getting hacked, how many have been hacked so far? So what is needed is just improvement.
I think the advantages of decentralized exchanges is the new project can list the token with more easier. Different with centralized exchanges, listing in DEX is more cheaper and sometimes free charge and centralized exchanges always requiring huge listing fee and not many project can afford it.
indeed it is true of the costs to be registered in a decentralized exchange cheaper there are even some that are free. but such exchanges are not chosen and trusted by investors. most of those who register in small exchanges are only project scams and don't intend to develop their projects.
I think one of the reasons why people want decentralized exchange is because they want to be able to control their funds and also it will be hard to get hacked because the wallets involved are controlled by individual.
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 the advantages of decentralized exchanges is the new project can list the token with more easier. Different with centralized exchanges, listing in DEX is more cheaper and sometimes free charge and centralized exchanges always requiring huge listing fee and not many project can afford it.
Actually the ultimate decentralized exchange doesn't even need a web page, its the kind you could do directly from wallet to wallet. So far this is only possible with coins supporting Segwit or equivalent, for example Bitcoin and Litecoin.
The "lite" variation which everyone knows, is the type where people remain in control of their coins, by either giving them the private keys or letting them use their own wallets in the platform.
And then there is Bisq, which is like a decentralized version of Localbitcoins. This is of course fine for pair matching, but once fiat is involved, you are surrendering any privacy. I guess if you stick to crypto, it should do the trick.
The "lite" variation which everyone knows, is the type where people remain in control of their coins, by either giving them the private keys or letting them use their own wallets in the platform.
And then there is Bisq, which is like a decentralized version of Localbitcoins. This is of course fine for pair matching, but once fiat is involved, you are surrendering any privacy. I guess if you stick to crypto, it should do the trick.
I don't think theres any exchange that is impossible u ọ hack. We hope to see more security in exchanges both cntarlised and decentralized.
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
The perpetual hacks In centralized exchanges make decentralized exchange look so good. I am not a fan of Dex because of its poor user interface and operability but then, security is more important than UI but I hope Dex can be remodelled to phase out the insecure CEX exchanges
Decentralized exchanges embrace one of the most important principles on which crypto was build on: anonymity and freedom connected with it. Sure, centralized are all right in its own way, but it is great that everyone has an option which services will he use. Decentralized exchanges are goals of hackers as well, but they are still exchanges. That means if you are holding your assets there, you are voluntarily giving anyone a chance to steal it through some kind of bug (which, trust me, is definitely there). They should be used as a short journey connected with a rapid exchange of coins and cashing out to your wallet. Digital sphere will never be perfect. Therefore, we have to minimize risk of losing what belongs to us. Holding it on account without having private keys in your hand is like waving with a white flag. It takes little to no effort to make it way harder for any kind of attack 
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. Decentralized exchanges still can be hacked as we could experience it with EtherDelta in 2017. The point with decentralized exchanges is that you hold your private keys and do not giving it to the exchange as you are doing it with centralized exchanges. You are not owning your funds there.
If you are careless possibility being hacked still there, but in such form why decentralized being introduced the security is with you, private keysis really important and it will be your assurance holding your assets, decentralized will be embrace for sure it's got to be known for much better
and safer trading experienced.
I think that decentralized exchanges should have a positive impact on the market so populization will give the market a large flow of investment and for the fact that there will not be such a level of control as now.
Perhaps this should be due to the fact that today there is a really very large number of centralization in the market, which today should not be at all. You understand that now too many people do not understand this difference and this is very bad.
Having control of private keys is always safe.
I have traded on quite a couple of decentralized exchanges and I think they are very easy to trade on. Some people also feel safe having their own private keys of their own account when trading other than trusting it into the hands of centralized exchanges that get hacked frequently.
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
Where did you hear about security breach in Bancor and Wavesdex ? i like to know more.
So far what i know, the hacking cases were happened in centralized exchange only.
Decentralized exchange like Forkdelta is nearly impossible to hack just by knowing the eth wallet of Forkdelta.
Except it is an inside job i think.
Decentralized exchanges still can be hacked as we could experience it with EtherDelta in 2017. The point with decentralized exchanges is that you hold your private keys and do not giving it to the exchange as you are doing it with centralized exchanges. You are not owning your funds there.
I want decentralized exchanges because my state has onerous regulations on crypto currencies and threatens exchanges around the globe causing them to close accounts for people in my state. I've had at least half a dozen accounts closed for no reason other than my location. Even a lot of decentralized ones block IPs from my state, but you can use a VPN. With no central authority to threaten and no central authority to close your account, decentralized exchanges sound good.
Decentralized exchange is an island of security and anonymity in the crypto market, resistance to financial slavery!
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
Decentralized exchange might be the future if something is being created to solve the current problem we are facing, because they are so many flaws in a decentralized exchange currently and I don't think anyone have been able to solve the problem fully. Though if there can a set of company that will come up with a very good idea to solve the flaws that we are having in the decentralized exchange, then I can boldly say that decentralized exchange is the future of exchanges.
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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
The meaning of decentralized exchanges is only one-they are not controlled by one firm.This is exactly what is needed for cryptocurrency.By and large, centralized exchanges are ordinary banks,with only one difference that they use cryptocurrencies instead of fiat money. I don't think that the decentralized exchanges will always be secure because nothing in this world can be 100% secure. There could be a hole or bugs that could be used by the hacker to penetrate and steal the assets.
But it will be interesting if we have centralized and decentralized exchanges so we can choose on where exchanges we can trade and I think that will be good too for us because we can make a bigger profit from both exchanges.
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