Bitcoin Forum

What do you prefer :

Centralized exchanger like Bittrex,Poloniex, Binance,Kucoin and others
Or
Decentralized exchanger like Etherdelta, Idex, cryptobridge, and others

In my opinion, decentralized exchanger like Etherdelta is very high fees and very slow site load. But, it is safe for trading because you traded peer-to-peer.
Centralized exchanger is high potential scam with Hacked reason

Give me your oppinion

*Sorry for bad English


Adzino Oppinion



Main point is : We use cryptocurrency because we hate Centralized, but why we use Centralized Exchanger to save money? Why we use centralized to store decentralized money?



Top Cryptomarket Volume :
1. bitMEX ( Centralized Exchange )
2. Binance ( Centralized Exchange )
3. Okex ( Centralized Exchange )
4. Upbit ( Centralized Exchange )
5. Huobi ( Centralized Exchange )
6. Bitfinex ( Centralized Exchange )

PEOPLE USING CENTRALIZED EXCHANGE TO SAVE DECENTRALIZED MONEY, SO FUNNY

Personally, I consider decentralized exchanges to be much safer than centralized ones, but unfortunately it is impossible to lead  daytrading on decentralized exchanges now. They have very little liquidity for this.

Decentralized exchange fit perfectly with cryptocurrencies scene nature, which is its aimed to be anonymous and private. Recently, many centralized exchanges are getting stricter with personal identity verification, and that is really bad. So, The only solution is the decentralized exchanges, but the problem is we are lacking of promising decentralized exchanges. There are not too much a promising and good potential decentralized exchanges. I'm sure that is the reason why we are still relying on centralized exchanges.

Actually I really like the concept of decentralized exchange but because their volume tends to be a bit so I am forced to use the centralized exchange

I prefer DEX or Decentralizez Exchange because it wont require you any verification unlike these major exchagnes you need to send your ID and informations before you can fully use the exchange,giving us the risk of losing our privacy and our might be use to some identity theft!

decentralized more secure than centralized exchanges. the main reason is Private key with us. i am using decentralized exchanges like etherdelta, the inter face is quite abnormal but its easy to use. currently ED is compromised. i am using binance and kucoin for centralized exchanges. Most tokens specially ERC 20 tokens comes to ED.

I prefer centralized exchanges like bittrex, kucoin and binance over decentralized ones like etherdelta, actually decentralized exchanges can be better than centralized ones but centralized exchanges are better for now.

I prefer decentralis exchange, although it seems easier to price in the manipulation by traders, but we can feel safer, if a token or coin takes a long time to be listed on centralized exchange, in decentralized exchange we can set the token itself,

unfortunately centralized and decentralized exchanges are not comparable because thy are not offering the same thing. the offer "trading" basically but it is under a very different features. and that is why despite all the scams and huge risks of centralized exchanges that happen every day they are still very popular.

but the thing is we need to give decentralized exchanges a better chance. the more we use them and help with the development of them, even if it is simply reporting bugs, the better they will become. that is how an open source and decentralized system should work.

Decentralization
Systems consisting of a number of computers scattered at various locations connected by telecommunication means with each computer capable of performing similar processing independently, but can interact with each other in exchange of data.
Centralized
All data processing is performed by computers placed in a location intended to serve all users within the organization. Widely used by companies that do not have branches.
But I still feel risky if trading at ED ;D

To me, the nature of cryptocurrency is decentralization so decentralized exchanger would be more safe. However, centralized exchanger is faster in comparision with decentralized. Thus, based on your demand, you can choose the one which is more appropriate.

No matter what to choose if decentralized or centralized exchanger, the important thing is to save and not to share our important details for our account so that no bad will happened. But for me, I will choose decentralized exchanger because it is extremely important than centralized and has a good benefits like fast access, security, easy to use and transparent while centralized exchange have a one problem like When you use centralized exchange some cryptocurrencies like Bitcoin have been hacked because of very easy to access the account, while decentralized has own private key so this is better security to use.

Not sure about the security on etherdelta because basically you are storing your value on the etherdelta smartcontract and then if you are making any order and the smartcontract will try to execute by sending your transaction to the others who are selling or buying your token.

The best thing about the centralized exchange is it's user-friendly for everyone right now and no more.

yes it is currently very much a very good and very appropriate pertukarang to menukan some altcoin that we have, besides that also now altcoin very maintained exchange on that market.

Im not trusting etherdelta anymore because of hacking happen last december 2017 but we have no choose because most of my token are listed in that exchange site but I must prefer the centralized exchange site because it is easy to use and user friendly but we cannot say it is safe to use centralized exchange site.

I prefer both for different things, as you can't exchange fiat to crypto in a decentralized exchange. I use centralized exchanges to convert my Euros for Litecoin, then after the exchange is done, I transfer them to a decentralized exchange and buy whatever I want using Litecoin. I think it's hard to compare both, you can't trade without centralized exchanges. Also I believe Binance belongs in the list of decentralized exchanges, doesn't it?

case of etherdelta some time ago, DNS Hacked, API error, and many more, so what platform we can Trust?
Decentralized is safe because peer-to-peer transaction can be hacked.

The pros of centralized exchange are in my opinion markets with way better volume and the ability to get SEPA payments, while the pros of decentralized exchanges are the fact that you own the private keys so you don't have to worry about the exchange exit scamming/getting hacked and new tokens get listed almost instantly.

I use in pretty much equal measure both centralized and decentralized exchange but on centralized exchange I keep only funds that I am actively trading with.

We need to make liquidity on decentralized exchanges cause they are our only rescue boat for hacks.
But there is not much liquidty on these exchanges and cause of this people still continue to use centralized exhchanges.

Of course we all want decentralized exchange so we can assure that we have the full control of all our cryptocurrency, but the problem is there's a lot of disadvantage of trading in decentralized exchange compared on centralized one. Decentralized exchange have very low trading volumes/liquidity because it is not easy to use or its is not user friendly, the other reason is we cannot use decentralized exchange to sell our cryptocurrency for fiat/money because banks will not allow to use their service by a trading company that doesn't know the identity of their customers.

I like the idea of decentralised exchanges but for the moment they don't work well.  There are just too much coins on them and they work too slow.  Add to that that the volumes are often quite low and as a result they aren't been taken serious.  I hope that in the near future there will be good decentralised exchanges where you can trade freely.  They need to work on their user interfaces though.  I wonder how the comparison is between the two when it comes to security issues.

Decentralisation is necessary but not in every field. I like centralised exchanges more because of good support and good trading experience. Decentralised exchanges can also be hacked for example Etherdelta has been hacked for many times. Also Blockchain can't handle many transactions like centralised ones.

In my opinion, decentralized exchanges are much better than centralized because , they are the ones that control your private keys but in decentralized exchanges, its a peer to peer model.

Some set backs happening to decentralized exchanges are mostly not enough liquidity but certainly , it is the future I must say.

Centralised exchanges can come with different regulations and rules because they are the ones that control your private keys and that is risky I must say .

For now, we all use centralized because they have enough liquidity for now .

Definitely centralized exchange. I have used etherdelta in the past but their volume is way too low and it's little complicated to use it. If they can make user friendly interface I think people would lean towards decentralized much more.

No decentralised exchange has been hacked yet. Whereas pretty much all the centralised exchanges have experienced hacking apart from Kraken, Gemini and GDAX.

Users need to weigh up what is important to them - security or convenience and liquidity.

Looking at the posts, it probably all comes down to preferences. For me though, Decentralized seems to be a perfect fit for Crypto Currencies. Why? As I understand it, it gives control of trading to the users which gives more flexibility in terms of investing and trading. It's also virtually impossible for it to be manipulated by taxation.

Personally, i prefer centralised for now i would have gone for decentralized but they aren't reliable exchange ed fotr an example different attack on it the new ones are so crappy.

Decentralized exchanges has more security. We have the control of private key in decentralized exchanges. But they are not user friendly and has low volume. I think user friendliness of decentralized exchanges need to be improved. Then this will be more popular among crypto traders.

Let's talk honestly. We have been living with a centralized system for many years, probably it's time to try to live decentralized, I'm for trying decentralization. After all, thanks to decentralization, we can still change the world for the better

The idea of decentralization is very interesting and i completely support, for equality and cheap payments of almost zero rates, being able to vary from exchange to exchange, but it is an idea that still is much in the paper, we have many theories and explanations on, but in practice it still leaves to be desired, i believe that soon the market can be taken largely by decentralization. In relation to centralization, it has become an archaic system that needs to be analyzed and perhaps finalized, that is my opinion.

I prefer using DEX over centralized exchanges because DEX doesnt require and verification proces to be able to use the exchange while in centralized exchages you will need to pass yout IDs which is clearly opposing the decentralizaton of our community,satoshi created bitcoin he doesnt want people doing these centralized things,we are here to protect our privacy that is why i dont use these centralized exchanges.

I don't see any major problem for each exchange ,but there is some minor things about which are more safer centralized or decentralized exchange, according to you, you are prefer decentralized exchanges but i don't think it is more safer than centralized since every things on the internet are not safe except we control what we trust.

And how about fees?
I trying to using etherdelta some time ago, and fees is very higher, about $7 per trade. This is insane brother.
And i have error in trade about 5 times, and take a lot of fees

In my opinion both is good, i used both exchange decentralized and centralized. Even decentralized exchange also has risk to get hacked like Etherdelta last a few month. But for centralized exchange because we dont have full control with the private key make sure they has full regulation to keep the money safe and use all security feature.

I personally like decentralize exchange because you are in control of your own wallet. The only problem with decentralized exchange is it takes time to execute the order and not all altcoin are available in decentralized exchange one of the reason why we are forced to use a centralized exchange rather than a decentralized platform.

After rumors about the break-through of Etherdelta, I doubt the security of decentralized exchanges. In my opinion, you need to choose those exchanges where there is a large volume of trading and immediately withdraw the profit from there.

I am using Ehterdelta and Idex and being decentralized is one of the reason why i am utilizing these crypto exchange markets. As to exchange rate, Etherdelta really has  a high exchange rate but that is ok if you do big transactions.

i think the future is in decentralized exchanges , but there are to many problems right now with it . but the best scenario would be decentralized or else we need heavily regulated centralized exchanges. but i think we won't see good decentralized exchanges in the near future.

Centralized exchanges are developed while Decentralized exchanges are developing
Most exchanges I am now using is Centralized (Bittrex, Binance) but I prefer DEX and I hope Decentralized exchanges will be more popular in a near future

I prefer Centralized exchanger like Bittrex,Poloniex, Binance,Kucoin,etc.

I already used Bittrex,Binance and kucoin so far.
Those 3 are good sample of good centralzied exchangers.
the price in their market are quite good too.
i sold my tokens from there.
if you say centralized exchanger's disadvantage about its fee,of course, there is fee when we want to sell or do a transaction, nothing is free in my opinion.

Decentralized exchanger is the trend of the future, because with national regulation, the Centralized exchanger could face all sorts of problems.
But have to say, Centralized exchanger user experience better, because of the official has customer service.

personally i was preferring decentralized exchanges but there is no decentralized has exceeded my expectation yet and after what happen with etherdelta  and i my self lost some eth in the attack  but i am going with cetralized exchanges more and more like bittrex after they solved my problem and upgraded my account to enhanced account i didn't any harm from them untill now

centralized exchanger is much more secure than decentralized because there is third party has right to manage the whole system where decentralized exchanger has no third party involvment there is no authority which can have right to manage the supply and price of commodity listed over it.

for example. - I am taking an example of Bombay stock exchange India which is organized by SEBI which is govt. firm.
It is centralized firm.

I personally prefer decentralized, because for transactions may be more but more secure.
do not easily tempted by fast transactions but a scam.
the most important thing here is just what we want to be more comfortable. and do not be easily influenced by other people's persuasion

I prefer to prefer DEX. But even some are doing pretty good with speed, there is still liquidity problem, pair problem.
They are working on these problem with different approaches. Hope they can handle.

I suppose that we should choose decentralized exchange system bcz it is more reliable and secure. But you should choose it due to your aims and requirements.

for a popular exchanger, I am more recomended to centralized like Bittrex, Binance and HitBTC.
ccentralized exchangers dominate the market more than decentralized exchangers
but in terms of transparency, decentralized exchangers like EtherDelta are more transparent and easier to use

I prefer decentralized exchanges because centralized are getting regulated and forced to send transaction details to authorities.

There is a rumor that EU will accept a crypto law in 2018, forcing all exchanges to auto-send details about all trades and keep a register of all crypto-traders. Those problems are eliminated in decentralized exchanges.

Yeah i think the big problem is, Higher Fees and Slow transaction.
You can try etherdelta, very long transaction because we are waiting next block confirm to trade, this is boring

I will prefer to trade in decentralised exchanges too, because I don’t have to worry about exchanges closing down and run away with my money. Unfortunately, the volume and interface of decentralised exchanges are not as good as centralised exchanges.

Decentralized exchanges are not yet very popular. There is not a large volume of sales, so a large order to buy or sell immediately shows + - to the price. And this is not entirely true. I try not to keep money on centralized exchanges for a long time. Because I do not own them. They are somewhere on exchange. And even there is no evidence that they were mine. No contract or anything else.

Those are good points. Many negative sides on centralized side. But that liquidity thing is huge. It is hard to trade large volume on decentralized ones without huge price fluctuations.

Decentralized exchange is what we need for crypto currency trading since decentralization is the key feature of most of the crypto currencies. If the exchange is centralized, then it is more like storing and using your FIAT bank accounts. People use crypto currencies to avoid bank, then why would someone use centralized exchange?

OMG! Youre briliant thinking bro!
We use cryptocurrency because we hate Bank (Centralized), and... why?
Why we use Centralized Exchange??
We store your Billion Money to central like a central bank.

Not sure about that, the fact that all of the money goes to the crypto through use centralized system such as bank and wire transaction or even debit card transaction to buy some cryptos. Not all of people are trying to avoid centralized system because crypto still pegged with centralized system at least you can see the fact about how centralized exchange still become a trend rather than decentralized exchange site itself.

I prefer decentralized exchange like Eidoo because of its hybrid security level system, it said Eidoo exchange combines positive features of both centralized and decentralized exchanges,  https://medium.com/eidoo/eidoo-exchange-to-solve-scalability-and-security-b107ecfa62f3
First part ready in less than a month with trading between ETH vs ERC20 tokens and decentralized (ready for the end of Q3 with trading vs BTC).
Centralized exchange is vulnerable in hacking attack- can be violated by third parties and often has technical problem.

People are using centralized exchanges because decentralized exchanges is not being run by anyone,it means if the exchange has problems there will be no one to fix it,unlike to centralized exchanges there will people who can fix those system problems that occured in the exchanges,we need real people for the security of the exchange.

I think that everyone has already understood that centralized exchanges will not be able to survive in the next few years, after decentralized exchanges appear, because now there are a lot of rumors that the exchanges are forming fake bitcoins in their purses, which are displayed on the charts.

For ordinary people, of course, the best decentralized exchanges as there is less risk of losing money, but they are very uncomfortable because people choose centralized because they are comfortable and volume in them hundreds of times larger

Realistic answer
Maybe for future, we need Decentralized exchanger to save coin and for trading ( peer to peer ). And someone can fix if exchanger had a problem. Maybe opensoure code? Or anything idea