Topic: Will DEX's ever get the liquidity and volume of Centralized Exchanges today? (Read 442 times)
November 07, 2019, 01:56:40 PM
I always liked decentralized exchanges, but the trading volume on these exchanges is too small. If DEX become popular in 2020 then this will be the best year for me. In my opinion, decentralized exchanges are much better than centralized ones.
November 06, 2019, 01:04:44 PM
I hope so, because unfortunately the main disadvantage of a decentralised exchange is the lack of trading volume and amount of trading pairs. However, there are no decentralised exchanges left at all, after IDEX implemented KYC process.
November 06, 2019, 01:02:16 PM
Yeah, that's a question I keep asking myself these days. There's so many DEX projects, some of them not even being "Real DEX's" like the Binance "DEX". I've been wondering if another bull run could trigger a huge influx of new users towards these projects, since you don't need to own an account to use them.
Remember Q4 of 2017, when you couldn't even open a Binance account since they got too many registrations at once? With the recent influx of new trading options, some of the volume could be moved towards decentralized solutions such as Blocknet, just to name a project.
Another thing worth speculating on, is people seem to HATE KYC like the plague. Imagine all the rich and wealthy people, like celebs, and people with big time careers, they might not even want to risk disclosing what they hold should a centralized exchange be compromised, which makes DEX's the best solution.
Could 2020 be the year of DEX's? Just a thought...
We may need more exchange hacks to convince people to start using Decentralized exchange platforms,but lot of people facing issues on DEX while doing trading that is why they are happy with paying the fee and getting their prompt service until they were trusted and making profits from those centralized trading platforms. Remember Q4 of 2017, when you couldn't even open a Binance account since they got too many registrations at once? With the recent influx of new trading options, some of the volume could be moved towards decentralized solutions such as Blocknet, just to name a project.
Another thing worth speculating on, is people seem to HATE KYC like the plague. Imagine all the rich and wealthy people, like celebs, and people with big time careers, they might not even want to risk disclosing what they hold should a centralized exchange be compromised, which makes DEX's the best solution.
Could 2020 be the year of DEX's? Just a thought...
November 06, 2019, 12:30:29 PM
That is a very big and though question, but the simple answer is that it all depend on us and depends on our collective effort. It was collectively we decided to encourage some of these centralized exchanges by depositing our money with them, this is the same way that we need to also collectively choose a dex exchange that we can even concentrate on and even try first to see how effect and how wonderful they are and I think that cryptocurrency market would have even grown much more than this.
If we had all started using dex exchange, and you know that dex exchanged are even quite more secured than centralized exchange, but these top exchanges has already bewitched us through the hype they usually create for their exchange platform.
If we had all started using dex exchange, and you know that dex exchanged are even quite more secured than centralized exchange, but these top exchanges has already bewitched us through the hype they usually create for their exchange platform.
November 03, 2019, 10:49:56 AM
Dex exchange makes it easy for everyone to make token and trade transactions without requiring KYC.
Of the several DEX exchanges https://www.dapp.com/search/Exchange there are many options we can choose, trading volumes such as IDEX exchanges are good, but now it requires KYC to trade on those exchanges, I will wait for the exchange A new DEX which has good trading volume like BinanceDex in 2020.
Of the several DEX exchanges https://www.dapp.com/search/Exchange there are many options we can choose, trading volumes such as IDEX exchanges are good, but now it requires KYC to trade on those exchanges, I will wait for the exchange A new DEX which has good trading volume like BinanceDex in 2020.
just when you thought they will one day have a big volume, they are already asking documents from us. this is the exactly the opposite of what we expect from DEX. no other option for crypto users CEX and DEX are asking mandatory KYC, one good thing about DEX though is security over the CEX. that's the only advantage why you will still consider DEx.
November 03, 2019, 05:45:38 AM
Dex exchange makes it easy for everyone to make token and trade transactions without requiring KYC.
Of the several DEX exchanges https://www.dapp.com/search/Exchange there are many options we can choose, trading volumes such as IDEX exchanges are good, but now it requires KYC to trade on those exchanges, I will wait for the exchange A new DEX which has good trading volume like BinanceDex in 2020.
Of the several DEX exchanges https://www.dapp.com/search/Exchange there are many options we can choose, trading volumes such as IDEX exchanges are good, but now it requires KYC to trade on those exchanges, I will wait for the exchange A new DEX which has good trading volume like BinanceDex in 2020.
November 03, 2019, 04:25:31 AM
I think with enough volume any exchange can get a lot. Now, we know how DEX could make money as well, they could have their own token and we know how that token could be utilized and make money as well so basically dex could work super well all we need is someone with money (or brains) to pull it of.
All you need to do is create one token and a dex tied to it, with that dex people will be trading many many different coins and pairs, make it so that people could trade all coins with each other instead of just btc or usdt pairs, the thing is they would be paying the exchange with dex token that they created, now the team that created would have a certain amount of it but the more you people you refer and trades the more token you get as affiliate so it can get super big as well.
All you need to do is create one token and a dex tied to it, with that dex people will be trading many many different coins and pairs, make it so that people could trade all coins with each other instead of just btc or usdt pairs, the thing is they would be paying the exchange with dex token that they created, now the team that created would have a certain amount of it but the more you people you refer and trades the more token you get as affiliate so it can get super big as well.
November 02, 2019, 12:35:10 PM
If we do not follow the trend then this will never happen. DEXs now have some problems like that they are not user friendly or they are pretty slow, but this it's just a matter of time before everything is solved.
Why we should completely migrate from CEX to DEX? Because you are the owner of your cryptocurrencies and thus, the probability that the exchange will block your cryptocurrencies is zero.
Why we should completely migrate from CEX to DEX? Because you are the owner of your cryptocurrencies and thus, the probability that the exchange will block your cryptocurrencies is zero.
November 02, 2019, 12:04:23 PM
That's not going to happen, centralized exchange remains the top choice, including me, But sometimes i was using DEX too for hunting Bounty tokens from Bounty people that selling obviously low! before they hit on any centralized exchange. and for long time already that i was using DEX, except Binance DEX that pretty attractive volume compare to the older DEX.
November 02, 2019, 11:43:03 AM
The key difference between centralized and decentralized exchanges is ownership. In the case of centralized exchanges, they operate very similarly to banks. Centralized exchanges charge a % of every transaction, making the overall cost of trading crypto much higher than stocks. Decentralized exchanges on the other hand operate very similar to the “per-trade” fee structure we are used to, but in the form of gas. So definitely DeX will get more liquidity.
November 02, 2019, 11:38:49 AM
one day that might be. but for now I don't think DEX will get it. DEX is currently only as a substitute, and is not really needed. big coins are still comfortable being in CEX. to be able to get liquidatas from CEX, first DEX must support top ranking coins, they have the opportunity to get trading volume from CEX users. if only relying on coins from a new project, I thought it would only be a dump.
November 02, 2019, 11:27:33 AM
yes maybe that will happen, dex will get trading volume from CEX users who are disappointed with the regulation. but DEX is still not able to replace or become the main choice. CEX is still needed, because there are a number of things that DEX still cannot complete. many think that in the future DEX will become popular. yes I think this statement is not entirely wrong. but have you ever thought if the CEX exchange would release a DEX version, like binance which launched binanceDEX. or a hybrid exchange based on the large exchange that exists today.
November 02, 2019, 11:22:19 AM
if they start asking for KYC we may not have any option but to stick on centralized exchange. people wouldn't be seeing it useful anymore. old users in bitshares where starting to look the otherway round after they learned the mandatory KYC. we were expecting DEX to remain untouched by government but there we are seeing announcements. right now the only reason people trade there is when the coin is only listed to them nothing more but a dumping ground.
November 02, 2019, 11:08:45 AM
Yeah, that's a question I keep asking myself these days. There's so many DEX projects, some of them not even being "Real DEX's" like the Binance "DEX". I've been wondering if another bull run could trigger a huge influx of new users towards these projects, since you don't need to own an account to use them.
Remember Q4 of 2017, when you couldn't even open a Binance account since they got too many registrations at once? With the recent influx of new trading options, some of the volume could be moved towards decentralized solutions such as Blocknet, just to name a project.
Another thing worth speculating on, is people seem to HATE KYC like the plague. Imagine all the rich and wealthy people, like celebs, and people with big time careers, they might not even want to risk disclosing what they hold should a centralized exchange be compromised, which makes DEX's the best solution.
Could 2020 be the year of DEX's? Just a thought...
I think for now its still impossible, if we take into consideration, some DEX are still thriving but some are Dead in terms of volume, that's why users are not happy with it. if you are into trading volume was very important to make the trading works, comparing to centralized exchange volume was great thats why despite of many security issues and regulation including KYC still CEX was getting much users compare to DEX. Remember Q4 of 2017, when you couldn't even open a Binance account since they got too many registrations at once? With the recent influx of new trading options, some of the volume could be moved towards decentralized solutions such as Blocknet, just to name a project.
Another thing worth speculating on, is people seem to HATE KYC like the plague. Imagine all the rich and wealthy people, like celebs, and people with big time careers, they might not even want to risk disclosing what they hold should a centralized exchange be compromised, which makes DEX's the best solution.
Could 2020 be the year of DEX's? Just a thought...
November 01, 2019, 11:23:04 PM
Depending on the conditions at 2020 later, whether the ordinary market will be closing a lot of their projects like Coinexchange which closes their exchange because it's not already interesting in it.
It can make DEX a solution to move from the market. The KYC is also a specter for the dreaded community to be dissociable by the market. So, in conclusion, it can be more popular DEX than the usual market.
It can make DEX a solution to move from the market. The KYC is also a specter for the dreaded community to be dissociable by the market. So, in conclusion, it can be more popular DEX than the usual market.
November 01, 2019, 10:16:01 PM
I know DEX is a very good exchange for crypto development but it still needs to be developed. some people I heard complained about the DEX exchange they lost assets there.
DEX might not be able to compete with CEX for 2020 because the SEC doesn't allow if exchanging without KYC is certainly difficult.
DEX might not be able to compete with CEX for 2020 because the SEC doesn't allow if exchanging without KYC is certainly difficult.
November 01, 2019, 10:14:19 PM
I doubt it. Centralized exchanges are getting stronger day by day. They got the volume, they got the trading pairs, they got the coins, they got the bulk of traders, and they got the nods of the government regulating agencies. I prefer decentralized exchanges over centralized ones but then liquidity as well as coins listed for trading are more important right now. But I hope the DEXes will put up a much better competition against the centralized exchanges.
November 01, 2019, 10:02:13 PM
I've been seeing people talking about DEX now, maybe there's a possibily with that. But let's take into account why people still use centralized exchange. People want convenient and easy access, centralized exchanges provides that. I think with DEX, you need to download a software in order to use it or input your own private key for access just like those eth DEX.
November 01, 2019, 09:00:30 PM
DEX is a very good thing in crypto, I hope they will succeed one day. Definitely this won't happen without a good a long bull run. Now the volumes there are pathetic 
November 01, 2019, 11:10:44 AM
in the near future, I don't think that will be possible. even if people who hate kyc start using DEX it's still difficult. CEX is still needed, despite many unwelcome things like KYC, and security issues. but that is still acceptable to everyone. but one day maybe that will happen, maybe when everyone is fed up with CEX and all the rules.
November 01, 2019, 11:10:30 AM
But the problem is that CEX has really dominated that market for so long that it's hard to see DEX even comes close to let's say Binance as far as volume is concern.
We all know that it's really better to trade with DEX, however, the marketing strategy of CEX is too much for DEX to overcome. I know that there's a lot of DEX around, but they didn't get the attention it needed, sad but true and crypto trades specially newbies tends to believed that CEX is more safe with all the mandated KYC, Lol.
We all know that it's really better to trade with DEX, however, the marketing strategy of CEX is too much for DEX to overcome. I know that there's a lot of DEX around, but they didn't get the attention it needed, sad but true and crypto trades specially newbies tends to believed that CEX is more safe with all the mandated KYC, Lol.
November 01, 2019, 11:00:02 AM
DEX might be popular someday, but for this year it is still held by CEX. maybe those who hate KYC can still compromise, because without KYC users can still use CEX, even though they have some drawbacks such as smaller withdrawal limits, higher fees and so on. so for now DEX might just be used as a substitute, the main thing remains CEX. but if CEX changes the rules like requiring all kyc without tolerance, maybe a new DEX will be the first.
November 01, 2019, 07:52:22 AM
dex is the future of exchange
and maybe in the future Dex will surpass the liquidity and volume on centralized exchange in this day, i believe that
and maybe in the future Dex will surpass the liquidity and volume on centralized exchange in this day, i believe that
Basically in terms of exchanges, Centralized are more secured that's why people keep on trusting it. In my opinion, DEX is also performing well, it is just in the matter of volume of trades that makes it different from centralized exchanges.
here are some known, and performing DEX in the market.
https://hackernoon.com/top-10-decentralized-crypto-exchanges-for-a-successful-proofofkeys-in-2019-478dc38cff7a
Centralized exchange have built trust form its users which is why people keep using it even though they knew that CEX are attractive for hackers as long as they continue to secure their platform then I guess people will not shift to DEX given that it has low trading volume and have poor user-interface.
November 01, 2019, 06:47:30 AM
~snip~
But lately I could see several good DEX coming up, this is a good sign for future DEX and there is no doubt 2020 there will be something better coming up.
This sounds good, can you give u recommendation what DEX platform is good to use, I am very grateful if you give the link, because for now I only use idex and forkdelta.But lately I could see several good DEX coming up, this is a good sign for future DEX and there is no doubt 2020 there will be something better coming up.
Here is the list of the DEX;
1. https://idex.market
2. https://paradex.io/
3. https://0x.org
4. https://www.bancor.network/
5. https://client.wavesplatform.com/
6. https://radarrelay.com/
7. https://bisq.network/
8. https://x.vite.net
9. https://www.stellarx.com/
10. https://trontrade.io/
I am just giving you the DEX that I know, there are more than this out there.
November 01, 2019, 06:05:32 AM
If we will see right marketing dex will be able to enter top 20-30 of exchanges, i guess. They just need more time to grow
November 01, 2019, 05:58:43 AM
Yeah, that's a question I keep asking myself these days. There's so many DEX projects, some of them not even being "Real DEX's" like the Binance "DEX". I've been wondering if another bull run could trigger a huge influx of new users towards these projects, since you don't need to own an account to use them.
Remember Q4 of 2017, when you couldn't even open a Binance account since they got too many registrations at once? With the recent influx of new trading options, some of the volume could be moved towards decentralized solutions such as Blocknet, just to name a project.
Another thing worth speculating on, is people seem to HATE KYC like the plague. Imagine all the rich and wealthy people, like celebs, and people with big time careers, they might not even want to risk disclosing what they hold should a centralized exchange be compromised, which makes DEX's the best solution.
Could 2020 be the year of DEX's? Just a thought...
Remember Q4 of 2017, when you couldn't even open a Binance account since they got too many registrations at once? With the recent influx of new trading options, some of the volume could be moved towards decentralized solutions such as Blocknet, just to name a project.
Another thing worth speculating on, is people seem to HATE KYC like the plague. Imagine all the rich and wealthy people, like celebs, and people with big time careers, they might not even want to risk disclosing what they hold should a centralized exchange be compromised, which makes DEX's the best solution.
Could 2020 be the year of DEX's? Just a thought...
DEX are currently catching up. They are known for their privacy and lack of a middle man that can intervene. People are realizing they are even faster and cheaper than Centralized exchange. The only thing they are lacking is volume and adoption.
There are cases of DEX being blocked by some ISPs which could easily be circumvented with a VPN.
November 01, 2019, 05:55:53 AM
~snip~
But lately I could see several good DEX coming up, this is a good sign for future DEX and there is no doubt 2020 there will be something better coming up.
This sounds good, can you give u recommendation what DEX platform is good to use, I am very grateful if you give the link, because for now I only use idex and forkdelta.But lately I could see several good DEX coming up, this is a good sign for future DEX and there is no doubt 2020 there will be something better coming up.
Yes it will be helpful if we get to know the decent DEX as I have tried IDEX once and that's all I am done with decentralized exchanges as it's too complicated and I don't think DEX will ever match the growth of centralized exchange unless they invest a huge amount of money to fix all the issues like latency, support, user interface to attract more users which will help them to improve the volume and liquidity but I don't see any decentralized exchanges heading towards the right direction as of now.
November 01, 2019, 05:47:46 AM
~snip~
But lately I could see several good DEX coming up, this is a good sign for future DEX and there is no doubt 2020 there will be something better coming up.
This sounds good, can you give u recommendation what DEX platform is good to use, I am very grateful if you give the link, because for now I only use idex and forkdelta. But lately I could see several good DEX coming up, this is a good sign for future DEX and there is no doubt 2020 there will be something better coming up.
November 01, 2019, 05:38:49 AM
Another thing worth speculating on, is people seem to HATE KYC like the plague. Imagine all the rich and wealthy people, like celebs, and people with big time careers, they might not even want to risk disclosing what they hold should a centralized exchange be compromised, which makes DEX's the best solution.
Apparently, there are more people who care less about their privacy right now. With several DEX's already forcing KYC for trades bigger than minimum like IDEX, I don't think these rich people will also be attracted to using them.Quote
Could 2020 be the year of DEX's?
I would love to, but not yet. November 01, 2019, 05:08:02 AM
DEX should get a decent volume if the platform serves its customer as good as Centralized Exchange, there are many problems that happened with DEX causing people to avoid their platform. Such as High latency of network server, website not responsive, and complexity to execute the orders. Liquidity will come if the users feel comfortable using the platform, this is the biggest problem DEX has right now. It is complicated to use compared with Centralized exchange.
But lately I could see several good DEX coming up, this is a good sign for future DEX and there is no doubt 2020 there will be something better coming up.
But lately I could see several good DEX coming up, this is a good sign for future DEX and there is no doubt 2020 there will be something better coming up.
November 01, 2019, 05:02:19 AM
dex is the future of exchange
and maybe in the future Dex will surpass the liquidity and volume on centralized exchange in this day, i believe that
and maybe in the future Dex will surpass the liquidity and volume on centralized exchange in this day, i believe that
Basically in terms of exchanges, Centralized are more secured that's why people keep on trusting it. In my opinion, DEX is also performing well, it is just in the matter of volume of trades that makes it different from centralized exchanges.
here are some known, and performing DEX in the market.
https://hackernoon.com/top-10-decentralized-crypto-exchanges-for-a-successful-proofofkeys-in-2019-478dc38cff7a
November 01, 2019, 04:51:51 AM
Nobody knows. Personally I like both, DEX or CEX. But I don't like CEX which requires KYC to be able to withdraw assets, it's better to use Google's 2FA as a security reason.
On the other hand, the giant Binance also had its DEX. I think DEX will start to rise around the middle or end of 2020 if CEX assumes a continuous hack later. Lets the wind blow.
On the other hand, the giant Binance also had its DEX. I think DEX will start to rise around the middle or end of 2020 if CEX assumes a continuous hack later. Lets the wind blow.
November 01, 2019, 03:45:14 AM
I don't think the liquidity in decentralised exchange would ever surpass that if centralised exchanges, it's a sad fact that even new centralised exchanges would just sprout up overnight and the volume would exceed that of an old decentralised exchange in no time, people feel better trading in a centralised exchange although this shouldn't be the case at all cost nsidering the fact that the commodity being traded is a decentralised currency.
November 01, 2019, 03:09:14 AM
Yeah, that's a question I keep asking myself these days. There's so many DEX projects, some of them not even being "Real DEX's" like the Binance "DEX". I've been wondering if another bull run could trigger a huge influx of new users towards these projects, since you don't need to own an account to use them.
Remember Q4 of 2017, when you couldn't even open a Binance account since they got too many registrations at once? With the recent influx of new trading options, some of the volume could be moved towards decentralized solutions such as Blocknet, just to name a project.
Another thing worth speculating on, is people seem to HATE KYC like the plague. Imagine all the rich and wealthy people, like celebs, and people with big time careers, they might not even want to risk disclosing what they hold should a centralized exchange be compromised, which makes DEX's the best solution.
Could 2020 be the year of DEX's? Just a thought...
If there is nothing special about DEX next year, I do not think so. The latest status of DEX is very good, the useful ones are not as few as before. But there is still no interest. I think the lack of trust prevents them, and it is strange that anyone is looking for things centralized in the decentralized system. You can at least try it out with a small amount. The most strange is that money is more valuable than identity.Remember Q4 of 2017, when you couldn't even open a Binance account since they got too many registrations at once? With the recent influx of new trading options, some of the volume could be moved towards decentralized solutions such as Blocknet, just to name a project.
Another thing worth speculating on, is people seem to HATE KYC like the plague. Imagine all the rich and wealthy people, like celebs, and people with big time careers, they might not even want to risk disclosing what they hold should a centralized exchange be compromised, which makes DEX's the best solution.
Could 2020 be the year of DEX's? Just a thought...
November 01, 2019, 02:47:44 AM
Yeah, that's a question I keep asking myself these days. There's so many DEX projects, some of them not even being "Real DEX's" like the Binance "DEX". I've been wondering if another bull run could trigger a huge influx of new users towards these projects, since you don't need to own an account to use them.
Remember Q4 of 2017, when you couldn't even open a Binance account since they got too many registrations at once? With the recent influx of new trading options, some of the volume could be moved towards decentralized solutions such as Blocknet, just to name a project.
Another thing worth speculating on, is people seem to HATE KYC like the plague. Imagine all the rich and wealthy people, like celebs, and people with big time careers, they might not even want to risk disclosing what they hold should a centralized exchange be compromised, which makes DEX's the best solution.
Could 2020 be the year of DEX's? Just a thought...
2020 could not be a year for dex especially for anonymous DEX. have you seen that some DEXs have forced the users to comply with the regulation especially to verify their account to be verified the account? You are putting a huge expectation to the DEX but the fact that the regulator still can control the DEX. remember DEX is not a native application that builds in the blockchain that can be operated automatically without needed maintenance. Remember Q4 of 2017, when you couldn't even open a Binance account since they got too many registrations at once? With the recent influx of new trading options, some of the volume could be moved towards decentralized solutions such as Blocknet, just to name a project.
Another thing worth speculating on, is people seem to HATE KYC like the plague. Imagine all the rich and wealthy people, like celebs, and people with big time careers, they might not even want to risk disclosing what they hold should a centralized exchange be compromised, which makes DEX's the best solution.
Could 2020 be the year of DEX's? Just a thought...
I know you are promoting blocknet but that depends on where the territory of dex based on. If that dex was already made inside of the US territory and that means that dex must comply with SEC regulation. idex is also making KYC as a mandatory for any users.
Dex is not the best solution. The fact people are still wanna following the rules to complete the verification process.
October 31, 2019, 05:41:22 PM
I don't know. Only time can tell. If DEX will have good Liquidity. There so many problems of DEXes that need to improve. Only few pair, Liquidity, no direct Exchange to fiat and no stop loss function. This should be improve so people can enjoy the true benefit of Decentralized Exchange. People seek for centralized Exchange no matter what. It's because centralized does offer the DEX can't offer. And the biggest risk in DEX is the government. DEXes will be a vulnerable Target of the government because it breaks policies. Crackdowns more likely to happen once it booms.
October 31, 2019, 05:38:24 PM
Yes people hate KYC but when it comes to dealing with huge amount of money they don't mind to do the verification, most of them are hating KYC because the uncertainty whether the other party can be trusted or not and if it's a popular exchange that demands the KYC usually they don't mind. Most of the time as I've seen one of factor that makes DEX lacking liquidity is probably the fact that it's kinda complicated to use for some people. Despite offering more security and didn't demand something like KYC people still finds centralized exchange a lot more convenient than DEX but it seems 2020 the DEX will turn the table I'll be waiting aswell.
I really hope all crypto enthusiasts switch over to DEX but there are so many limitations which need amendment. Many people (especially those with much funds) will prefer to do the KYC on reputable exchanges with huge volumes rather than wasting their time on DEX with very poor volume comparatively. We keep saying DEX are secure, but people do not only look at security before choosing an exchange, they consider other factors. October 31, 2019, 05:31:34 PM
Yeah, that's a question I keep asking myself these days. There's so many DEX projects, some of them not even being "Real DEX's" like the Binance "DEX". I've been wondering if another bull run could trigger a huge influx of new users towards these projects, since you don't need to own an account to use them.
Remember Q4 of 2017, when you couldn't even open a Binance account since they got too many registrations at once? With the recent influx of new trading options, some of the volume could be moved towards decentralized solutions such as Blocknet, just to name a project.
Another thing worth speculating on, is people seem to HATE KYC like the plague. Imagine all the rich and wealthy people, like celebs, and people with big time careers, they might not even want to risk disclosing what they hold should a centralized exchange be compromised, which makes DEX's the best solution.
Could 2020 be the year of DEX's? Just a thought...
Remember Q4 of 2017, when you couldn't even open a Binance account since they got too many registrations at once? With the recent influx of new trading options, some of the volume could be moved towards decentralized solutions such as Blocknet, just to name a project.
Another thing worth speculating on, is people seem to HATE KYC like the plague. Imagine all the rich and wealthy people, like celebs, and people with big time careers, they might not even want to risk disclosing what they hold should a centralized exchange be compromised, which makes DEX's the best solution.
Could 2020 be the year of DEX's? Just a thought...
In my opinion, the huge success of the DEX will depend solely on two factors which are: A huge bull run and excessive governmental and political influence on the cryptocurrency sector.
Whenever the cryptocurrency sector experience a bull run, there will be lot of new people trooping in to gain from the fortunes of cryptocurrency which will definitely brings about more regristration and excessive volume that will be way above the scalability capacity of centralized exchanges which will cause many of them to lock up new account registration and ses going on frequent maintenance just to increase their bandwidth. This way, people will be left with no other choice than to adopt the use of DEX.
And also, with the rate at which certain governmemtal parastatals such as US SEC are trying to get hold on cryptocurrency sector by imposing proper registration and identification for USA base cryptocurrency firm, very soon the cryptocurrency sector will be demanding a serious vetting, then people will have no choice than to use more of DEX and other decentralized wallets.
October 31, 2019, 05:27:28 PM
Yes people hate KYC but when it comes to dealing with huge amount of money they don't mind to do the verification, most of them are hating KYC because the uncertainty whether the other party can be trusted or not and if it's a popular exchange that demands the KYC usually they don't mind. Most of the time as I've seen one of factor that makes DEX lacking liquidity is probably the fact that it's kinda complicated to use for some people. Despite offering more security and didn't demand something like KYC people still finds centralized exchange a lot more convenient than DEX but it seems 2020 the DEX will turn the table I'll be waiting aswell.
October 31, 2019, 05:22:26 PM
Yeah, that's a question I keep asking myself these days. There's so many DEX projects, some of them not even being "Real DEX's" like the Binance "DEX". I've been wondering if another bull run could trigger a huge influx of new users towards these projects, since you don't need to own an account to use them.
Remember Q4 of 2017, when you couldn't even open a Binance account since they got too many registrations at once? With the recent influx of new trading options, some of the volume could be moved towards decentralized solutions such as Blocknet, just to name a project.
Another thing worth speculating on, is people seem to HATE KYC like the plague. Imagine all the rich and wealthy people, like celebs, and people with big time careers, they might not even want to risk disclosing what they hold should a centralized exchange be compromised, which makes DEX's the best solution.
Could 2020 be the year of DEX's? Just a thought...
The major setback with decentralized exchanges is low trading volume, poor speed of operation, poor user interface including other drawbacks. Sometimes I just wonder if some so called DEX are truly decentralized, imagine a DEX requesting to create an account using email, what for? Decentralized exchanges still have a long way to go in order to fully compete with centralized exchanges. Remember Q4 of 2017, when you couldn't even open a Binance account since they got too many registrations at once? With the recent influx of new trading options, some of the volume could be moved towards decentralized solutions such as Blocknet, just to name a project.
Another thing worth speculating on, is people seem to HATE KYC like the plague. Imagine all the rich and wealthy people, like celebs, and people with big time careers, they might not even want to risk disclosing what they hold should a centralized exchange be compromised, which makes DEX's the best solution.
Could 2020 be the year of DEX's? Just a thought...
October 31, 2019, 04:59:56 PM
Yeah, that's a question I keep asking myself these days. There's so many DEX projects, some of them not even being "Real DEX's" like the Binance "DEX". I've been wondering if another bull run could trigger a huge influx of new users towards these projects, since you don't need to own an account to use them.
Remember Q4 of 2017, when you couldn't even open a Binance account since they got too many registrations at once? With the recent influx of new trading options, some of the volume could be moved towards decentralized solutions such as Blocknet, just to name a project.
Another thing worth speculating on, is people seem to HATE KYC like the plague. Imagine all the rich and wealthy people, like celebs, and people with big time careers, they might not even want to risk disclosing what they hold should a centralized exchange be compromised, which makes DEX's the best solution.
Could 2020 be the year of DEX's? Just a thought...
I understand that the original idea for Blockchain and Bitcoin was for everything to originally be decentralized putting the financial power back into the hands of the people, but many of the DEX's are very sketchy and any investor should be weary of depositing their funds into them in fear of not getting them back. I had a real bad experience with TopBtc exchange a while back but after days of refuting my claim I recieved my money back.Remember Q4 of 2017, when you couldn't even open a Binance account since they got too many registrations at once? With the recent influx of new trading options, some of the volume could be moved towards decentralized solutions such as Blocknet, just to name a project.
Another thing worth speculating on, is people seem to HATE KYC like the plague. Imagine all the rich and wealthy people, like celebs, and people with big time careers, they might not even want to risk disclosing what they hold should a centralized exchange be compromised, which makes DEX's the best solution.
Could 2020 be the year of DEX's? Just a thought...
I think whales are also more prone to market manipulation from these smaller DEX's, I feel a little safer with a partially centralized exchange but not completely centralized.
October 31, 2019, 04:58:55 PM
It's a chicken and egg thing. People will only join DEX's if there is already existing liquidity, but because nobody will take the first step and everyone is waiting for everyone else, there isn't any liquidity.
Whereas centralised exchanges try to inject liquidity themselves in order to attract members to their exchanges.
Also: there are too many DEX's. People need to settle on just one or two and make them work.
Whereas centralised exchanges try to inject liquidity themselves in order to attract members to their exchanges.
Also: there are too many DEX's. People need to settle on just one or two and make them work.
October 31, 2019, 04:54:11 PM
Maybe?
We don't know but things like that could happen when there's a major influx of new investors and users coming in. We came to that point already so it might happen and those who don't like to get into KYC might even be fine with Binance's limited account for non KYC verified accounts.
We don't know but things like that could happen when there's a major influx of new investors and users coming in. We came to that point already so it might happen and those who don't like to get into KYC might even be fine with Binance's limited account for non KYC verified accounts.
October 31, 2019, 04:29:08 PM
If by next year, there is so much awareness about decentralized exchanges, particularly the advantages it has over centralized exchanges, not minding its shortcomings. If more people should get to know about this and if they agree with it, then it will happen as proposed.
October 31, 2019, 04:23:26 PM
dex is the future of exchange
and maybe in the future Dex will surpass the liquidity and volume on centralized exchange in this day, i believe that
and maybe in the future Dex will surpass the liquidity and volume on centralized exchange in this day, i believe that
October 31, 2019, 04:14:13 PM
Yeah, that's a question I keep asking myself these days. There's so many DEX projects, some of them not even being "Real DEX's" like the Binance "DEX". I've been wondering if another bull run could trigger a huge influx of new users towards these projects, since you don't need to own an account to use them.
Remember Q4 of 2017, when you couldn't even open a Binance account since they got too many registrations at once? With the recent influx of new trading options, some of the volume could be moved towards decentralized solutions such as Blocknet, just to name a project.
Another thing worth speculating on, is people seem to HATE KYC like the plague. Imagine all the rich and wealthy people, like celebs, and people with big time careers, they might not even want to risk disclosing what they hold should a centralized exchange be compromised, which makes DEX's the best solution.
Could 2020 be the year of DEX's? Just a thought...
Remember Q4 of 2017, when you couldn't even open a Binance account since they got too many registrations at once? With the recent influx of new trading options, some of the volume could be moved towards decentralized solutions such as Blocknet, just to name a project.
Another thing worth speculating on, is people seem to HATE KYC like the plague. Imagine all the rich and wealthy people, like celebs, and people with big time careers, they might not even want to risk disclosing what they hold should a centralized exchange be compromised, which makes DEX's the best solution.
Could 2020 be the year of DEX's? Just a thought...
Its the upcoming 2020 hype term, we have one every year, stablecoins this year, "DEX's" in 2020
of course yes, most of them wont really be DEX's, as they will still rely on centralized services to middle man, as most of them always have..
real dex's like Bisq, have been around for years, but they are not very user friendly, and we knew that
What will be interesting is if some kind of second layer thing will be developed that can make them ACT more like centralized Dex's, while maintaining TRUE dex status, p2p , wallet to wallet.
(something that will give them speed and liquidity). Is that something that "imesh" can/will be used for? hmmm
October 31, 2019, 03:07:43 PM
Liquidity pool will solve it as some DEX had been planing as well. Its however not close to happening yet. The number of DEX kept increasing over time. WAVES DEX was one of the oldest but still doesn't have much volume to it but I think they are diverting it all to Tidex which I suppose its also their own project.
I too see DEXes likely becoming more popular in the future as regulations around crypto as a whole increases and more and more exchanges start to require more and more extensive KYC in the future. It might not be this year that we see 'em becoming bigger even if another major bull run comes around as a few major exchanges like Binance still allow users who don't submit KYC to trade, but I expect even Binance might start to ask all users for KYC sometime in the future.
I don't see binance dex to be asking for KYC one day, but the dex I think is just a ploy to lure more users to them who prefer not submitting IDs.
October 31, 2019, 02:54:34 PM
I too see DEXes likely becoming more popular in the future as regulations around crypto as a whole increases and more and more exchanges start to require more and more extensive KYC in the future. It might not be this year that we see 'em becoming bigger even if another major bull run comes around as a few major exchanges like Binance still allow users who don't submit KYC to trade, but I expect even Binance might start to ask all users for KYC sometime in the future.
October 31, 2019, 02:24:21 PM
I'm thinking the same this is why I'm buying as much dex coins as I can like waves , stakenet , blocknet. All 3 projects have HUGE chances for 2020 to make a major spike in price as their development is highly active and also the roadmap points into this direction. Personally I like Stakenet and Blocknet much more than Waves because Waves have 0 marketing ideas in my opinion , no wonder why the community blames the project and the price won't even recover as we see Waves under 10k satoshi ...which is super sad to see.
October 31, 2019, 02:17:41 PM
Yeah, that's a question I keep asking myself these days. There's so many DEX projects, some of them not even being "Real DEX's" like the Binance "DEX". I've been wondering if another bull run could trigger a huge influx of new users towards these projects, since you don't need to own an account to use them.
Remember Q4 of 2017, when you couldn't even open a Binance account since they got too many registrations at once? With the recent influx of new trading options, some of the volume could be moved towards decentralized solutions such as Blocknet, just to name a project.
Another thing worth speculating on, is people seem to HATE KYC like the plague. Imagine all the rich and wealthy people, like celebs, and people with big time careers, they might not even want to risk disclosing what they hold should a centralized exchange be compromised, which makes DEX's the best solution.
Could 2020 be the year of DEX's? Just a thought...
Remember Q4 of 2017, when you couldn't even open a Binance account since they got too many registrations at once? With the recent influx of new trading options, some of the volume could be moved towards decentralized solutions such as Blocknet, just to name a project.
Another thing worth speculating on, is people seem to HATE KYC like the plague. Imagine all the rich and wealthy people, like celebs, and people with big time careers, they might not even want to risk disclosing what they hold should a centralized exchange be compromised, which makes DEX's the best solution.
Could 2020 be the year of DEX's? Just a thought...
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