(Yes or NO) The 2020s belong to DEXs - page 11.

nightflightcourt

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Quote from: Utoy101 on March 16, 2020, 05:20:33 PM

Quote from: nightflightcourt on October 21, 2019, 11:48:56 PM

Why would anyone ever want to keep using centralized exchanges, especially when their volume becomes irrelevant?

Why would anyone voluntarily send their funds to a wallet on a vulnerable exchange where they don't own the keys and their funds could be frozen at the drop of a hat?

I think the days of centralized figureheads acting as gatekeepers are numbered.

When it comes to cryptocurrency exchange, i don't think decentralized exchange will take the lead any time soon. In as much as decentralized exchange gives the consensual power to traders, they ain't immune to hack and breaches entirely. Records have DEX that have been breach many times too. Due to flexibility and wide range of functionality being provided by centralized exchanges for effective crypto trading, they have gather lots of userbase and large volumes and liquidity over the years, from where the entire crypto market stands, i dont see DEX beating that

Stakenet's approach of using MNs and Lightning is decently airtight and straightforward. I believe it will redefine how DEXs are seen.

Quote from: Lanatsa on March 16, 2020, 05:42:31 PM

When it comes to liquidity or volume then nothing beats out CEX out of the throne and as i said earlier this do particularly connects with fiat transactions which isnt present on dex ones.
Thats why even we know that these centralized exchangers doesnt offer out full access on our wallets but the main need of a certain trader is on this place thats why
its no surprise that they will surely stick to this.

There is a solution for DEXs that will greatly beef up their liquidity and let them match or even exceed the volume a CEX can handle.

Denreal

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Quote from: Lanatsa on March 16, 2020, 05:42:31 PM

Quote from: TopT3ns on March 15, 2020, 06:03:56 PM

Quote from: letyouearn on March 15, 2020, 05:57:00 PM

Not all the people prefer decentralisation, as I see. Many of them would like to use centralised services like banks or brokers etc. They don't want to control their accounts and funds by themselves. For example hundreds of people are losing their private keys and doesn't understand that MEW support can't help them in this case

well, I totally agree with what you say because right now there are a lot of decentralized wallets that have a lot of problems, I won't use that method, it's better if I use another wallet storage method that I think can be safer like a hardware wallet that I can store and control. fully.

Its not really that much complicated to understand when it comes to basics.Talking about decentralized wallets? its no different when you do own one which you do able to posses its keys for you to access funds.
It might be nothing usual for some newbies or in short not user friendly but it isnt really that hard to understand.The main thing i do saw why people do prefer centralized exchangers over dex ones is because they
can deal up with fiat tx not like on dex which is purely on crypto to crypto thats why we dont have any choice but to rely on cex ones due to this reason.

This is more reason centralized exchanges will continue to be relevant. Yes, DEXes may find a place of its own relevance, but it is limited.
Then talking about you possessing a private key to a decentralized wallet. What do you think should be said about what happened to FolkDelta before its death. Well, that notwithstanding, irrespective of whatever might have happened to some of the few DEXes, I think the best security still lies there.

Lanatsa

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Quote from: TopT3ns on March 15, 2020, 06:03:56 PM

Quote from: letyouearn on March 15, 2020, 05:57:00 PM

Not all the people prefer decentralisation, as I see. Many of them would like to use centralised services like banks or brokers etc. They don't want to control their accounts and funds by themselves. For example hundreds of people are losing their private keys and doesn't understand that MEW support can't help them in this case

well, I totally agree with what you say because right now there are a lot of decentralized wallets that have a lot of problems, I won't use that method, it's better if I use another wallet storage method that I think can be safer like a hardware wallet that I can store and control. fully.

Its not really that much complicated to understand when it comes to basics.Talking about decentralized wallets? its no different when you do own one which you do able to posses its keys for you to access funds.
It might be nothing usual for some newbies or in short not user friendly but it isnt really that hard to understand.The main thing i do saw why people do prefer centralized exchangers over dex ones is because they
can deal up with fiat tx not like on dex which is purely on crypto to crypto thats why we dont have any choice but to rely on cex ones due to this reason.

Quote from: Utoy101 on March 16, 2020, 05:20:33 PM

Quote from: nightflightcourt on October 21, 2019, 11:48:56 PM

Why would anyone ever want to keep using centralized exchanges, especially when their volume becomes irrelevant?

Why would anyone voluntarily send their funds to a wallet on a vulnerable exchange where they don't own the keys and their funds could be frozen at the drop of a hat?

I think the days of centralized figureheads acting as gatekeepers are numbered.

When it comes to cryptocurrency exchange, i don't think decentralized exchange will take the lead any time soon. In as much as decentralized exchange gives the consensual power to traders, they ain't immune to hack and breaches entirely. Records have DEX that have been breach many times too. Due to flexibility and wide range of functionality being provided by centralized exchanges for effective crypto trading, they have gather lots of userbase and large volumes and liquidity over the years, from where the entire crypto market stands, i dont see DEX beating that

When it comes to liquidity or volume then nothing beats out CEX out of the throne and as i said earlier this do particularly connects with fiat transactions which isnt present on dex ones.
Thats why even we know that these centralized exchangers doesnt offer out full access on our wallets but the main need of a certain trader is on this place thats why
its no surprise that they will surely stick to this.

Utoy101

member

Activity: 368

Merit: 11

Quote from: nightflightcourt on October 21, 2019, 11:48:56 PM

Why would anyone ever want to keep using centralized exchanges, especially when their volume becomes irrelevant?

Why would anyone voluntarily send their funds to a wallet on a vulnerable exchange where they don't own the keys and their funds could be frozen at the drop of a hat?

I think the days of centralized figureheads acting as gatekeepers are numbered.

When it comes to cryptocurrency exchange, i don't think decentralized exchange will take the lead any time soon. In as much as decentralized exchange gives the consensual power to traders, they ain't immune to hack and breaches entirely. Records have DEX that have been breach many times too. Due to flexibility and wide range of functionality being provided by centralized exchanges for effective crypto trading, they have gather lots of userbase and large volumes and liquidity over the years, from where the entire crypto market stands, i dont see DEX beating that

timmmers

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I am thinking if crypto survive this disaster and if yes, then there will not be a place for many cprytocurrencies, so decentralized exchanges would be useful. Especially, when you can trade only assets on the one blockchain. Ethereum DEX - only for ERC-20 tokens, Binance DEX only for BEP-20 tokens. Roll Eyes

nightflightcourt

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DEXs and DeFi should only become more relevant as they could greatly enhance what people can do from home.

TopT3ns

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#SWGT CERTIK Audited

Quote from: letyouearn on March 15, 2020, 05:57:00 PM

Not all the people prefer decentralisation, as I see. Many of them would like to use centralised services like banks or brokers etc. They don't want to control their accounts and funds by themselves. For example hundreds of people are losing their private keys and doesn't understand that MEW support can't help them in this case

well, I totally agree with what you say because right now there are a lot of decentralized wallets that have a lot of problems, I won't use that method, it's better if I use another wallet storage method that I think can be safer like a hardware wallet that I can store and control. fully.

letyouearn

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Not all the people prefer decentralisation, as I see. Many of them would like to use centralised services like banks or brokers etc. They don't want to control their accounts and funds by themselves. For example hundreds of people are losing their private keys and doesn't understand that MEW support can't help them in this case

nightflightcourt

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Activity: 322

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If a DEX had really high volume
And you just had to send crypto to a wallet (no kyc or registering)
Would you use that DEX?

milesfull

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DEXs still have too low volume unfortunately

prof7bit

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https://youengine.io/

Quote from: BayAngelo on March 14, 2020, 05:53:50 AM

i prefer the CEX because they are simple and easy to use and interact with. i don't like the Dex because they charges on everything that happens on the platform. from depositing to withdrawing involves charges. the interface of the cex are very friendly and easy to understand. the DEX requires a lot of practise before you master the usages. i have loose lot of tokens to the DEX.

I agree with you completely regarding DEX. But you need to strive for a complete transition to the principles of trading on DEX. I still do not like the very low level of liquidity for these types of exchanges.

BayAngelo

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i prefer the CEX because they are simple and easy to use and interact with. i don't like the Dex because they charges on everything that happens on the platform. from depositing to withdrawing involves charges. the interface of the cex are very friendly and easy to understand. the DEX requires a lot of practise before you master the usages. i have loose lot of tokens to the DEX.

Chuky92

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Quote from: nightflightcourt on October 21, 2019, 11:48:56 PM

When up-and-coming DEXs become more convenient than Binance...

Projects like:

Stakenet
Komodo Atomic DEX
Nash
Blocknet
Bisq
Switcheo
Loopring
IDEX
WAVES
Bithumb
...And many more...

Why would anyone ever want to keep using centralized exchanges, especially when their volume becomes irrelevant?

Why would anyone voluntarily send their funds to a wallet on a vulnerable exchange where they don't own the keys and their funds could be frozen at the drop of a hat?

I think the days of centralized figureheads acting as gatekeepers are numbered.

Although I only know and have used just a few number of DEXs here, but I won't fail to say that DEXs is still way behind starting with the prominent issue which is low volume especially when it is compared to centralized exchanges. It is totally true that Decentralized exchanges gives more sense of security but crypto users are willing to trade that security for high volume on centralized exchanges, that is to show how important it is. Therefore in my own understanding, DEXs needs to do more to gain the attention of more users starting with volume and maybe user interface.

cahbagus555

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Centralized exchangers in my opinion will still continue to be in demand and be used by investors. Liquidity factors and large transaction volumes attract investors and this is different from DEX which sometimes has a bid and ask price spread that is too wide, making it difficult for investors to get the best price.

slaman29

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Livecasino, 20% cashback, no fuss payouts.

Quote from: royalfestus on March 11, 2020, 05:01:37 PM

CEX is doing very well as expected with most but investors seek a better adoption of DEX. The removal of anonymity by some DEX had been discouraging on use but the security is still attractive to some users. The obvious ability to contain wash trading to the minimal encourage the use of data both coin and exchanges. I desire the adoption of IEO on decentralized exchanges, where anonymity is still allowed to encourage investors that still insist on keeping there presence confidential in the space.

I'm not sure investors or speculators really care to be honest. Everyone I know who isn't a real crypto user (as in, they only hold and never actually use crypto like p2p), they actually even prefer to use CEX. They want someone to talk to when something goes wrong. They actually WANT to trust a company. Binance and all the CEXs, not some platform they don't get. Sad but true.

jessyj48

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Everyone is claiming that DeX are more secured than centralized exchanges but it feels the same to me, haven't you guys heard about few DEXs that got hacked?

nightflightcourt

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Quote from: Greatchu on March 12, 2020, 04:58:07 AM

Once upon a time forkdelta used to be the best, I was able to sell some tokens on forkdelta and they are never listed anywhere else, it's a shame that the exchange is never the same any more, now it's more like a dead exchange with no volumes

Hey Greatchu, XSN will have full ETH token support soon Grin

nightflightcourt

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Quote from: Marckolind on March 12, 2020, 02:42:24 PM

Stakenet will be the superior one to all of them once they release their Lightning DEX.

Here's a pic of it.

Agreed. From my interactions with the greater crypto community, a lot of people don't seem to realize how capable DEXs are.

Marckolind

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Stakenet will be the superior one to all of them once they release their Lightning DEX.

Here's a pic of it.

Greatchu

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Once upon a time forkdelta used to be the best, I was able to sell some tokens on forkdelta and they are never listed anywhere else, it's a shame that the exchange is never the same any more, now it's more like a dead exchange with no volumes

Topic: (Yes or NO) The 2020s belong to DEXs - page 11. (Read 5566 times)