(Yes or NO) The 2020s belong to DEXs - page 12.

Fesatmas

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Quote from: Goodvalony on March 12, 2020, 04:13:28 AM

people are familiar with CEX and it is quite easy to use. different from Dex that required sharing your private key to an unknown/known websites. i personally prefer CEX to Dex because i think my private keys are not save with the DEX. the centralized exchanges charges for trading and i think that is the only charges avaliable on the cex while Dex charges for each activity that occur on the platform. from transfer of token to trading.

True, the average large investor now uses CEX as their investment or trade because there is very safe compared to DEX in my opinion, often a decentralized exchange of many scams or undercover sites making it difficult to imagine if our private key to the hands of others is really dangerous for me .
CEX is a safe exchange with data stored according to the rules there so I think CEX will be more and more interested.

Goodvalony

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people are familiar with CEX and it is quite easy to use. different from Dex that required sharing your private key to an unknown/known websites. i personally prefer CEX to Dex because i think my private keys are not save with the DEX. the centralized exchanges charges for trading and i think that is the only charges avaliable on the cex while Dex charges for each activity that occur on the platform. from transfer of token to trading.

DarkDays

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Obviously not.

The vast majority of decentralized exchange platforms are clunky messes. Have you ever actually tried to trade regularly on a DEX? It's an absolute nightmare.

Unless professional traders can be provided with the liquidity and advanced order types they have come to expect from centralized platforms, then there's no chance they're going to make the switch.

Think about it, even some of the largest centralized exchanges can't even keep up with the sudden burst in demand sometimes, DEX's will get absolutely ruined during these times.

Not even close to seeing a real mainstream DEX yet.

zulfi125

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DEXs are more secure than centralised exchanges, but traders and investors not using more due to low volume, low price and low buyers and prefer centralized due to fast conversion and the significant amount can make a good profit then the small volume of altcoins. So I think DEXs are using 10% by users, but 90% of users are using centralized exchanges.

royalfestus

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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.

nightflightcourt

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So many in crypto appear to be more skeptical of privacy coins and DEXs than the government is.
Monero is legal in the US. Bitcoin tumblers are legal there too unless, apparently, you directly advertise money laundering services to everyone on AlphaBay and the deep web like Helix did. Governments pull 180s on their stance every 2 seconds. They don't want to promote it and harm their fiat currency but they don't want to crack down on it and get left behind by the rest of the world if it really does become a burgeoning industry.

How would they even begin to crack down on a purely decentralized exchange that couldn't possibly exist as a registered business that no one owns? Punishing whoever gets caught? Utilizing propaganda to trick the masses into thinking crypto is a den of thieves and vipers? The only leverage that governments have here is the type that will backfire on them miserably. Maybe not immediately, but inevitably.

We may see potentially bad regulation in various pockets of the world. India already banned it and unbanned it. China has at least 5 times. Gradually, I think they will admit defeat and warm up.

masterrex

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My answer is NO, decentralized exchange platforms are still behind on the most centralized exchange platforms that currently exist today, in almost aspect like in terms of volume and number of users, I don't know why most of the big traders are not using DEX and instead, they continue to use the centralized exchange like Binance, BitMex, Okex, etc. But I believe that traders need more time to adopt the Decentralized exchange but not in 2020.

shinratensei_

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Quote from: nikacoin_main on March 04, 2020, 02:31:41 PM

Nika is the first exchange that is 100% decentralized but acts as a centralized exchange. It is the only exchange capable of solving the liquidity crisis for all small ethereum tokens.

https://nikacoin.github.io/home/#/exchange/0xf7F14205898b2b8bC008148E591B1060BE7a50Fb

Come take a look and trade here.

It's not the first dex who acts like centralized exchange site. Binance dex is the first one who is operating very similarly to the centralized exchange site. If you are making a comparison between both of this dex and you will know the difference. Even binance dex that was having very big popularity is having really small volume right now.
nika doesn't have volume and kyber is the only ethereum dex is solving this problem and you must know the differences.
There was only one exchange site who has been getting more and more volume and that's only kyber dex.

bitcoin-shark

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yes 2020 will definitely be the year of the dex I use forkdelta and bithumb in combination with binance and I am very happy, I would take off idex from the list of dex since it now requires kyc I would say that it is a hybrid exchange...

nikacoin_main

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Nika is the first exchange that is 100% decentralized but acts as a centralized exchange. It is the only exchange capable of solving the liquidity crisis for all small ethereum tokens.

https://nikacoin.github.io/home/#/exchange/0xf7F14205898b2b8bC008148E591B1060BE7a50Fb

Come take a look and trade here.

strunberg

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2020 will be the moment for centralized exchanges. investors start buying cryptocurrency here, mostly in centralized exchanges it have good coins. meanwhile in dex exchanges only contain smart contract projects like token in eth platform. buying coins that have own blockchain more promising in future than buying token. i am sure capitalization in centralized exc will growth sharply.

tabas

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Still not.
I like dex but like the majority sentiment, the volume is very low and it can't sustain the traders need. But in all summary, DEXs are good until they become semi-centralized. Undecided

If you know what I mean.

oscarftw

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Quote from: nightflightcourt on October 22, 2019, 12:48:56 AM

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.

For low transaction fee decentralized exchange could frozen you favorite tokens, I faced this problem I'm Idex exchange. Dex can't popular because of rest of the coin. Centralized is secure and trust even after hack they refund your money as did Binance. For this reason users voluntarily send their fund to centralized exchange. Limited belong to Dex this year.

irixo10

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Quote from: nightflightcourt on October 22, 2019, 12:48:56 AM

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.

Nice suggestions, but I tend to differ, I think 2020 belongs to the exchanges who are willing to work for it, the exchanges which are willing to improve on their services, features etc. Whether decentralized exchanges or centralized exchanges the matter is, let there is convenient and reliable exchanges which can satisfy users needs be Ir trading or otherwise. Am not saying decentralized exchanges shouldn't be considered but let there be improvements which will make trading worth it; look out how centralized exchanges are improving, let decentralized exchanges do same and there will be a healthy competition.

Pamadar

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Quote from: bittick on February 24, 2020, 08:57:20 PM

Quote from: FLHippy on February 24, 2020, 03:45:28 PM

More and more regulations come plus exchanges are pushed to require KYC from every customer which requires a lot of work and that is connected with high costs to maintain it. So I believe that DEX could reduce these costs.

Dex will be playing an important role in this case but not so many exchange sites have declared since last year to give responsibility to the users to complete KYC verification Dex can avoid the regulation but that will help you in short time to pending the regulation for the identity collection by exchange site.

Still with trust concerned, Dex might help if they can maintained the numbers of users that will support them and use them for liquidity, most of the time traders are continuously support Centralized exchange even there's KYC requirements to ensure the volumes and trading activities are enough to facilitate.
It's still a question whether changes will take place within the principles and believes by the traders choosing between this kinds of exchange business.

bittick

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Quote from: FLHippy on February 24, 2020, 03:45:28 PM

More and more regulations come plus exchanges are pushed to require KYC from every customer which requires a lot of work and that is connected with high costs to maintain it. So I believe that DEX could reduce these costs.

Dex will be playing an important role in this case but not so many exchange sites have declared since last year to give responsibility to the users to complete KYC verification Dex can avoid the regulation but that will help you in short time to pending the regulation for the identity collection by exchange site.

jerrison

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Quote from: nightflightcourt on October 22, 2019, 12:48:56 AM

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.

I think loads of DEX are coming up, not really because they exist in their different blockchains but there is a campaign for more of decentralization in the exchange business. People consider this a way of breaking out of the centralized exchanges and also make money from the process. Again, people are tired of the stress attached to KYC and also not comfortable with the fact that their data/information keeps flying everywhere.

Jeremy Franklin

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Quote from: nightflightcourt on October 22, 2019, 12:48:56 AM

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.

I doubt that its the time of the DEXs yet. Binance is still superior and many people favoring Binance over a DEX, which is stupid on the one hand since a DEX is much safer then a centralized exchange like Binance. I personally prefer to trade on DEXs like IDEX or Bithumb. I hope many more people will follow.

FLHippy

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More and more regulations come plus exchanges are pushed to require KYC from every customer which requires a lot of work and that is connected with high costs to maintain it. So I believe that DEX could reduce these costs.

Wh00re

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Quote from: Thomas-s on February 18, 2020, 03:47:08 AM

Quote from: bitcoinst on February 17, 2020, 05:38:58 PM

I think no. I would like to say that 2020 will belong to decentralized exchanges, but look at what is happening in the world.
The cryptocurrency is gradually becoming regulated, anonymous coins are being removed from various kinds of crypto exchanges.
I doubt that a decentralized exchange will be greatly developed because most of the capital of people is stored on centralized exchanges, and so far it will be so.

decentralized exchanges are extremely inconvenient to use and they do not have as much trading volume as normal traders need. centralized exchanges seized power in this market. they have a very big influence and they will never give up their piece of the pie. decentralized exchanges will be used only by a very small number of people.

And you believe the market will be like this forever? Don't kid yourself. Once DEX's get's up the same speed as CEX's, you'll see a HUGE amount of people switching for obvious reasons (safety), once liquidity builds up, there is no looking back really.

I see Blocknet as the industry leader still, first DEX to hit the markets.

Topic: (Yes or NO) The 2020s belong to DEXs - page 12. (Read 5546 times)