Topic: (Yes or NO) The 2020s belong to DEXs - page 18. (Read 5564 times)

I will say NO to DEX for now or in 2020, there are many problems you may experience while using DEX at the moment one most obvious is speed like for example if you are trading at fd and attempting to buy on the current order book as I usually experienced I always got some error says that order was already taken etc,,order book not updated as we all know theres no blockchain for now that can process same with centralized exchange like Binance can process almost 1m orders/s its a long way to go before many users will eventually transfer into DEX.

Centralized exchanges are nothing but a joke. Why should I believe 3rd party with my assets? Stealing people's money is not uncommon, so are the hacks. And lastly KYC. Dont you think KYC is against whole crypto concept. You are not anonymous if you do the KYC. So yes, dex is the future.

every time there is some sort of restriction from the government or exchanges like KYC,... on centralized exchanges it pushes people towards the decentralized alternatives, also every time there is another big exchange scamming people it pushes people towards them but it works both ways. whenever there isn't that much things changing like these days, no big exchange pulling scams,... people start feeling falsely safe and forget about DEXes. which means development, innovation and progress slows down or sometimes even stops. and we are at that point and that makes 2020 nearly the same as this year. unless something big changes like Binance scam!

If a DEX can't survive regulation and institutes mandatory KYC at whim, it is in no way a true DEX.
A true DEX cannot be shut down.

For now, you're right. Maybe not by 2020, but 2022? 2024? It seems far away in the crypto sense of things, but it's not.
With what projects like Stakenet have been doing, volume and liquidity should not be a problem for too much longer.

Isn't that how Binance and several other exchanges came to be? First they were hungry upstarts that wanted a small portion of the market. Next thing you know, they're the dominant force in the market. What Stakenet and Nash are doing for cross-chain interoperability (no placeholders) and fiat on-ramps respectively will certainly help. It certainly won't be an immediate shift.
I agree that they will generate early hype as a concept sort of like dApp platforms did in 2017. Like dApps, I think decentralization has a bright future ahead and that it will win in the long run. No matter how efficient centralized solutions may be, they end up being vulnerable and prone to hacking and exploitation too much.

Agreed. The "decentralized branches" aren't even decentralized.
You'd love the progress that Stakenet and Komodo's Atomic DEX are making in terms of native atomic swaps.

Interesting perspective. The way you put it makes it similar to the relationship between Bitcoin and fiat. One cannot necessarily slaughter the other for the time being, so they coexist.

You really think 2020 will be the start of DEX hype?
When it comes to "hybrid" exchanges like IDEX/Binance DEX, it seems kind of pointless... Why bother.
I'm curious to see what McAfee DEX is supposed to be.

Fortunately, speed and lack of variety are only problems short-term. They should not be an issue in the near future.

Good points, but even you phrase it in a way that makes it seem like their days are numbered ("it will still be there for a good number of years")
What happens when Lightning gets to a point where it can provide even cheaper instant off-chain trades between BTC and numerous high volume coins like LTC and stablecoins? All with no central authority or limits imposed by the exchanges?

Present-day volume will soon be as irrelevant as 2015 CEX volume is. A greener market and ease-of-use will do wonders for DEXs.

EtherDelta isn't on that list.

I think fast, efficient, convenient, easy to use DEXs will sneak up on us all.

Agreed. Atomic DEX is great.

We still have to see that because it's too early I have experienced trading on both exchanges and I find trading on Decentralized Exchange much easier, I really don't like KYC so it's really my choice between the two but some of the coins I'm trading are not listed in DEX but if these Dex's can offer better security and easiness of use then we can expect traders to have it as one of their choices.

Yes. Well, they won't be creating a lot of it if the trend isn't going to be there one day. The financial crisis that finance gurus were talking about will probably the least of your worries when your funds are all in the DEX or in your personal wallet. I came across to a question in youtube video where centralize exchange may be affected when crisis actually happen. I have no idea how  

YES and NO! DEX will be better next year and i think they grow more! you forgot to add Binance Dex by the way!
They need to grow alot but for sure in the 2021 they are much ready by  that time!

The best decentralised exchange with real trading volume is Forkdelta, all others are partly centralised or manipulating trading volumes. Unfortunately, Forkdelta is the only reasonable choice for decentralised traders as for now.

There is a possibilty that decentralized exchange will boom next year because even top exchanges like Binance will launch their own DEX which means that users in Binance platform might switch into DEX and also we know that Binance is good at marketing so I'm pretty sure that their own DEX will be the hot topic next year.

It's a good thing to see more and more crypto enthusiasts getting to realise that DEX are the future exchanges we all need. The irony is that most decentralized exchanges lack decent trading volumes, and speed of operation is usually not cool compared to centralized exchanges. Decentralized exchanges need to improve in so many features, including user interface. It's a good thing that one can access most DEX via web 3 extensions like Metamask or via wallets like Trust wallet without necessarily directly inputing private keys or mnemonic phrase,  which makes it more secure comparatively. Let's see what the future brings, for now no one knows if 2020 will be the era for decentralized exchanges. By the way, I didn't know Bithumb has a DEX, I only know of the centralized exchange.

Binance already have decentralized exchange and there are some major exchanges following this dex trend aswell. from so long ago decentralized exchange always lacking the volume but with the help of all these major exchange to support dex hopefully it could atleast fill its weakness which is volume so that the community could further use dex for their trading. It's always irritating to see a decentralized exchcange that overall gives you advantage in security is being underrated just because it's either too complex for average joe or lacking the volume.

Probably because the global exchange like Binance or other exchange is more famous nowadays. So they still use the platform.
Maybe later in 2020 will happen a new trend where Dex is more widely used people than the market usually. As it's the trend of ICO to be a trend of IEO today.

Decentralized exchanges will likely get better in the future but I doubt they will replace centralized exchanges or have more users. As decentralized exchanges become better, centralized exchanges will probably get even better. Centralized platforms are easier to use.. most people will prefer the easiest platforms.

Stakenet is by far one of the most promising ones I've seen.

Speed: It's based on Lightning, so you'll be able to trade instantly/just as fast as any CEX.
Liquidiity/Volume: Their DEX Aggregator will combine DEX orderbooks together, which will benefit all existent DEX's and add a TON of liquidity to the DEX.

At some point I'm sure we'll see a shift, where people move away from the centralized solutions, and only use them whenever they want to "Cash Out".

Not just 2020, the future should belong to DEXs. The reality shows a different situation though. It seems that centralized exchanges are still ruling the market. How many are DEXs in the top exchanges? None actually. The current top exchanges are all centralized ones that require their customers to submit personal information for their KYC. DEXs should be promoting something aside from their very basic feature as decentralized.

Yes! I'm on the same boat with you mate as I believe that DEX will have a major jump in 2020 and also we can already see a part of the volume moving to dex no wonder why even Binance opened a "dex" even if its not a fully dex like blocknet or waves.

In my personal opinion , waves , blocknet and stakenet are about to bring huge surprises in 2020 for traders , holders and users of dex and their coins.

Centralized exchanges have several advantages over decentralized ones. The main advantage is the volume of trading. I think that someday the crypto community will begin to switch to decentralized exchanges, but so far we are not ready.

it is not about quantity of decentralized exchanges it is about their quality. so far 90% of the projects that are calling themselves "decentralized exchange" are created only to sell people a certain token they also create and raise funds to get rich because of it. and these exchanges don't have that much volume to begin with not to mention that they usually only support a limited number of coins mostly only the ethereum tokens not even altcoins!
so i don't think any kind of big transition from centralized to decentralized exchanges happening any time soon.

I agree with you! DEX came later, so, people picked the Centralized exchanges as it came first! But DEX will be more popular than Centralized exchange gradually! Because centralized exchange has many issues like the hacking problem, fake/bot volume, lack of liquidity, high listing and withdraw fee and so on. Where DEX is almost hacked free, not much fake trading volume like CEX and withdraw fee is near zero and token listed fee also reasonable.

Agreed. I also think Decentralised  can not overtake Centralized exchange. In my opinion Dex exchange is not frendly to use like Cex. And always people are finding Something which is user-friendly. But it is right that we need some Dex  also and sometime dex become very usefull.