(Yes or NO) The 2020s belong to DEXs - page 13.

nikacoin_main

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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.

I half-way agree. We created a DEX that acts like a a centralized exchange but there's just so much regulatory pressure on cryptocurrency. And even our DEX, however advanced it is still has a way to go.

strunberg

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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.

in cryptocurrency market expansion which is need more high liquidity, centralized exchanges will be solution for it. moreover as you said, bitcoin and crypto started regulated in many countries so investors shall not worry about their money or identity. except they use legal money that used for money laundying. decentralized exchanges just be an alternative while coins not listed yet in centralized market that have high trading volume.

Shallow

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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.

From all these decentralized exchanges you listed I think the mostly used is Idex, I stand to be corrected; the reason is because Idex have good volume when compared to others. Most projects tends to start from Idex before moving up to other centralized exchanges, why? Because even the project in question is after volume too. So that is to say, volume matters in exchanges. Secondly, yes centralized exchanges aren't good with fund security but that can be curtailed by keeping funds outside the exchange. Lastly am supporting the fact that centralized exchanges are better and therefore we don't need decentralized exchanges, No, my point Is, decentralized exchanges needs more improvement.

Thomas-s

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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.

bitcoinst

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SmartFi - EARN, LEND & TRADE

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.

matchi2011

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Quote from: tranduong123 on February 17, 2020, 05:32:41 AM

I think the answer is no, until now I haven't found a reason to stop using centralized exchanges and switch to DEX. It seems that DEX lovers have exaggerated the risks of CEXs, and for me the top centralized exchanges are still very safe.

CEX still have more trust than DEX traders still willing to provide KYC when using CEX as they are willing to store money even in a huge amount
they are relying with how the securities from the exchange teams will take care of their assets.
There's no accurate reports that DEX already overrun CEX both volumes and participants.

tranduong123

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I think the answer is no, until now I haven't found a reason to stop using centralized exchanges and switch to DEX. It seems that DEX lovers have exaggerated the risks of CEXs, and for me the top centralized exchanges are still very safe.

tiang_tower

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Quote from: moonblocks on February 16, 2020, 11:15:49 PM

There's plenty of DEX's to choose from when trading and Binance and Forkdelta are two of the most popular but they still predominantly remain low in liquidity however this may change if more KYC/AML is put into place at the centralized exchanges

Yes, for the DEX exchange that is often used by many people is Binancedex and Forkdelta, because both are equally easy to understand and run by everyone, but regarding security I think it is still safer than Binancedex than Forkdelta.

thesmallgod

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When DEX has liquidity issue and we are still having many projects developing DEX to add to an already existing projects. This is very funny and I do not think DEX could be in any way better than the CEX platforms. I understand people are always fearful of losing their coin on exchange platform due to attack but if we consider reliability, you will agree with me that CEX is better. CEX even give alternatives because not all of them is good but I have not seen any DEX that does not have liquidity issue even the old ones like etherdelta are not left out.

pikkie

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well, I think the place where the exchange is still standing is IDEX and that place of exchange also has very little trading volume, so I think the place of exchange with the decentralized exchange platform is not used much anymore.

moonblocks

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3... 2... 1... Launch!

There's plenty of DEX's to choose from when trading and Binance and Forkdelta are two of the most popular but they still predominantly remain low in liquidity however this may change if more KYC/AML is put into place at the centralized exchanges

aemma

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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.

It will really take a while before Decentralized Exchanges or Dexs overtakes centralized exchanges. Just compare the volumes in both types of exchanges, you will see the difference is so huge. Also compare the speed of the platform, you will also notice the difference, trading tools too aren't to be left out among others. All these are what makes the centralized exchanges better than the other type. Nevertheless, in terms of security, Dexs always leads the way, as it proves to more secure. Therefore it is right to say, for Dexs to overtake centralized exchanges they need to work on various things which are very important.

Botnake

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There's a lot of projects as you posted it on OP but they haven't proven anything yet,.. true some of them were good during the bull run but they struggle after the bull run so it's hard to say this year belongs to them when aren't seeing any signs yet that they'll be big.

We can hope but we can't guarantee, real talk.

Youghoor

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Quote from: glendall on October 22, 2019, 12:59:13 AM

the reason for your question is because the centralization exchange (cex) first appeared before the Decentralization Exchange (dex), if if first the DEX appeared first I am sure many people would prefer DEX over CEX now,
if DEX is already many and famous then I'm sure many people will switch to DEX later.

It's all a matter of time you know when Decentralized Exchanges take over Centralized Exchanges. The reasons are pretty simple you know, the fees that are being charged by most CEX are way too high. Also, you have to submit proof of identity and all of that but with DEX you don't do any of these yet you get to make your transactions smooth and swift.

nikacoin_main

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We just launched our new DEX, can have any ethereum token listed - https://nikacoin.github.io/home/#/exchange/0x6781a0f84c7e9e846dcb84a9a5bd49333067b104

Davian144

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Quote from: TanakabZX on February 14, 2020, 02:09:16 AM

The problem affecting dex is not even one, apart from lack of trading volumes all Dex sucks, their platform interface can be very confusing to use, I can very much tell you guys that I find it very hard to use dex to trade, the only thing dex did best is security of funds

Yes, it is very true, because I myself have experienced the same thing as you say, there are some DEX exchanges that I find difficult to understand when I use them, and safety issues must also be considered, because I have also experienced the loss of tokens on a DEX exchange.

istiak2277

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KUWA.ai

Dex is becoming very popular there is no doubt about it but it needs to go a long way still. A centralized exchange is still very much popular and they provide better service than dex but in case of security, dex is the best. I think people always not looking for only security they also look for service and support and i think that's where CEX beat DEX.

aioc

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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.

You have a good point but investors and traders are more accustomed to trading on a centralized exchange, if there is at least one decentralized exchange that has become popular people will start using these decentralized exchange, on centralized exchange, they cater to almost all coins with different algo as long as they have a listing fee.

shoreno

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Quote from: TanakabZX on February 14, 2020, 02:09:16 AM

The problem affecting dex is not even one, apart from lack of trading volumes all Dex sucks, their platform interface can be very confusing to use, I can very much tell you guys that I find it very hard to use dex to trade, the only thing dex did best is security of funds

but not all dex have a good trading volume and if im not mistaken trading volume also depend on the coin ? not all dex'es sucks but some are useful too like for example i used forkdelta and etherdelta before when the state of airdrops are still good because this is the only exchange that accepts ico tokens . ico tokens mainly stick on dex'es and rare to find or to be listed on centralized exchanges . being confuse is only at first , like me i was lost before on etherdelta but i dont give up about learning it and thankfully i now know how to trade there . you can too .

TanakabZX

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The problem affecting dex is not even one, apart from lack of trading volumes all Dex sucks, their platform interface can be very confusing to use, I can very much tell you guys that I find it very hard to use dex to trade, the only thing dex did best is security of funds

Topic: (Yes or NO) The 2020s belong to DEXs - page 13. (Read 5546 times)