Bitcoin Forum

Hi all traders!
Why you always using Centralized Exchange to trade Decentralized Asset?
Too many 'hacked' news or maybe "hacked by internal" at 2019, Cryptopia, Binance, Huobi, Etc.

Why traders still using Centralized Exchange?


Centralized Exchange

+ Huge Volume
+ Fast CS Response

- Less security
- Not your keys, not your coins
- Paid to list


Binance has launch Binance DEX but still have low volume and pair only for BNB (not BTC)

nothing about what Binance has launched under the false name of DEX is decentralized. in fact it is 100% centralized in everything except the name of it.
that is why people are reluctant to go near it since if anybody is seeking decentralization they would go for actual decentralized exchanges not a fake one that a centralized company creates.

It's all about people's habits. People still do not fully understand the logic of crypto beings. We didn't see how important decentralization was. But I think the time will come.

BTW, the DEXs we're talking about are not semi-DEXs like Bancor. I'm talking exchanges that are completely decentralized.

Because most of them caters only to erc20 tokens and most of the token that are being sold on dex are worth close to nothing.

Because there is no such thing as a decentralized exchange (at least to date), for example, Etherdelta/Forkdelta/IDEX has smart contract issuers (centralized party). Binance chain also has Binance corp as the token issuer.

I think it is better to solve this problem using a non-custodial wallet exchange mechanism, where users' fund are really #SAFU, doesn't matter whether the exchange is centralized or not.

The fact that the centralized exchange will always be more preferable. When you wanna create an order and that will be a little bit difficult compared with centralized exchange site. People are still using centralized exchange site caused by it's so easy to use it. that's why dex still unpopular among the traders.

People just want something simple and convenient. DEX usually tend to looks complicated in the eyes of normal people, I mean you need to insert it and that while in centralied exchange you are guided although that's not true, DEX is as simple as centralized exchange, even better usually DEX that's not under big exchanges doesn't require you to submit your KYC so more security for that.

I agree with the sentiment that DEXs are currently cumbersome and not at all true DEXs when you dig down into it.

But there is such a thing as a truly decentralized exchange, it is called Block DX (https://blocknet.co/block-dx/). Its just not widely pushed at the moment as you need to have full wallets of the assets you want to trade (soon to change with release of a decentralized lite-multi wallet powered by the Blocknet Protocol). Good liquidity on some LTC pairs as the chain is quick and easy to sync. Check out the "DEX" comparisons at the bottom of this article. https://blocknet.co/the-evolution-of-the-decentralized-exchange-a-brief-history/

DEX like EtherDelta, ForkDelta, etc.  more often used as a sale or purchase of coins, but not for trading.  Centralized exchanges are better suited for professional trading, because they have several advantages: high trading volumes, the ability to trade not only ERC20 tokens, leverage, stop loss and other advantages.

I think because of centralized exchange there will be a liquidity unlike dexexchanges. But dont say its not popular because if you know IDEX, this dex exchange is better than other centralized exchange.

It is only natural that Binance Dex is still a small number of users because every coin / token that you want to register there must use the Binance Chain, and also the pair there will only be a BNB there will be no BTC pair

That could just be starting point for binance, after some time, they would have to attract more traders and just dont depend on loyal traders. A lot of DEX sites everywhere and most uses BTC or ETH. They atleast accept these after some time.

 DEX's has no shillers. On paper everything about DEX is superb to C-Ex's but people like to join the promotion campaigns which Cex's make. (like bringing people as their referrals)

There is another problem, I've tried 2 dex's till now. 1-Cryptobridge, 2-Bisq.

Both of them are on the bit slower side compared to the centralized exchanges.

Dex can't carry a big volume of transactions. Even if you check idex which is hybrid not fully decentralized is getting stuck when big volume happens. I wonder how will binance dex will perform.

I tend to agree with you. Despite the fact that Binance is the biggest crypto exchange, there are skepticism surrounding its newly launched decentralized exchange because many believe it is actually centralized. Does this mean there is a lack of trust in Binance?

Below your post was already mentioned IDEX. This exchange combines the qualities of decentralized and ordinary exchange. If the problem of cross-blockchain transactions is solved ergonomically, then exchanges such as IDEX will be the best crypto exchanges.

By now, decentralized exchanges contain more potential risks than centralized exchanges. Users of decentralized exchanges have to secure their private keys of their accounts very carefully. They need to have enough knowledge and skills to do this, and when they lose their private keys, there is no way to get them back with decentralized exchanges. That is contrasting with centralized exchanges, where users can send support tickets with bunches of proofs, like emails, past trading history, current balance of their account, and so on to get their accounts back. Maybe in the future, when decentralized exchanges become more matured, people might use them more and such DEX might dominate centralized exchanges.

I think most of people dont use them because there are actually no good dex, just look at delta or Idex, they are slow and non-userfriendly at all, people are scary of those things. DEX idea is cool actually, we need a good sponsored DEX, with good investitions to make really good and comfortable for using product. Binance has a great experience of making centralized exchange, maybe CZ create a good DEX, will see!

So I just went on that page, as far as I understand, this is a quite old project that has many codebases from other projects. https://docs.blocknet.co/project/introduction/#codebase-history

At a glance, it looks like BitShares. It would be difficult for Blocknet to compete in this DEX "industry," considering so many similar blockchain projects currently being developed to tackle this problem.

By the way, just like others have mentioned, DEX currently cannot be used as high-frequency trading (HFT) platform.

The fact is that the first main reason for not popularity of decentralized exchanges is their safety, that many traders simply do not trust such exchanges, there are also problems with trading volumes and this is also an important issue.

Personally, l'm no fan of decentralised exchanges at all. So many issues with many of them actually.. Ranging from slowness in operations,  issues of price almost dragging into halves of the original worth  cos many users have tagged them to be dumping grounds amidst many other.

It won't be long we will be using DEX though. There are DEX projects that are certainly going to be on the mainstream when they can add coins of different blockchain like DASH, LTC, EOS, ETH, TRX and all others.  With that, its not just the ERC or the TRX tokens are gong to be added. Somehow dex are safer than centralized exchange because users doesn't have to create accounts.

Centralised exchanges where first created a long while before the creation of decentralized exchanges. People have already gotten used to centralised exchanges. Nevertheless this isn't the only reason to use centralized exchanges instead of decentralised exchanges. I think some of other reasons might be.
- Decentralized exchanges are more difficult to use than centralized exchanges.
- You can easily loose your funds on decentralized exchanges.
- Centralised exchanges are more automated than decentralized exchanges.
- Bot trading is better to be used on centralised exchanges than decentralized exchanges.

you right, centralized exchange have a good feature and that's why DEX exchange not have good enthusiast like Centralized Exchange.
Binance DEX just have a pair with BNB because this exchange is still young.
it is need more more time to grow to be a big campain like Binance.
i believe this Binance Dex will have good potential in the future.

This is one issue, most erc20 tokens are not worth anything and I do not plan to hold any of them anytime soon, but another huge issue is the volume of decentralized exchanges, in centralized exchanges you can trade almost any amount without any trouble but in a decentralized exchange if you plan to sell an amount as low as a few hundreds of dollars you could find that there is no liquidity at all, however I really believe this could change in the future with atomic swaps but it will take time until people become comfortable usign this new technology.

yes that point is right.
for now trader still user centralized exchange because profit and trade volume is big in there but they forget if centralized exchange is have less security system.
Binance DEX is have a low volume because that exchange is still young.

I think people are comfortable with centralized exchange.  People tends to stay where they feel comfortable.  Besides if something went wrong, people have some support to help them in centralized exchange, and people tends to choose the situation where they can find someone to  share  responsibility regarding their assets.  

DEX has low liquidity when compared to what we have on CEX. Again using Dex is quite difficult for beginners where CEX is easier to use and understand by any new user. If Dex can improve on their liquidity and add Btc pairs with USDT pairs, people will stasrt trooping there as well.

Because crypto is relatively a new concept and spent time learning exchanges, now it comes a new one more complicated and it just need time to adapt.

Look for example a Switch.ag (http://Switch.ag) and their Dex version Switchdex.ag (http://Switchdex.ag) the non dex version still gets more volume than the dex but the dex is growing over time so its just a matter of time id say

People used to use centralized exchange and that's why many are still using it. When we use an exchange it's likely that we don't want to jump into another exchange because we are satisfied with them. I see that many are also using DEXs and even I, I have used it before but I still prefer to get into centralized ones.

DEXs are going to be very popular in the future, because people are sick of news about another exchange hack. The main reason is that there are not so much trading pairs and a DEX are selling only one type of tokens, ERC-20, EOS or NEP-5.

I think that despite all the advantages people will still prefer CEX because we all are used to live in banking system era, we all want to solve our problems through support and always looking for something big where we are able to store our money.
DEXes are underground things for Bounty hunters or speculators.

The people in the market of cryptocurrencies are not afraid at all to try new technologies, so I do not really think that being comfortable with centralized exchanges is the problem, the problem is that decentralized exchanges are still not as good as we want them and so only those that are completely determined to not use centralized exchanges are using them, which is somewhat similar to what happened at the beginning when bitcoin was created in which only those that really believed in the technology were holding it.

that is right, i think like that too because we can take a huge progit we forget about safe.
you know almost all people in trader think high risk = high profit.
so how if your not get a profit, i am always be a trade safer that mean i just look listed coin and aproved exchange.
i am not really like daily trader.

i was expecting the DEX of binance will be different and will attract more users to trade there but was disappointed after all the news. binance team is considerably good at what they are doing, things may chance one day. binance sort of claiming the rightful authority in crypto, they didn't said that themselves but people believe them whenever they do something like the delisting of the BSV

dex may be used pone day when finally people realizes that the safety of their coins matters the most.

A person's habits when he is comfortable in one place so he will continue to be in that place until there are some problems come and finally he hates the place. As well as with an exchange, the decentralized exchange has not been crowded by several users because I think this is a new platform, there are still many people who don't know this place of trading. In addition about promotional issues, the centralized exchange will try to provide several benefits features for its users and this has not happened in a decentralized exchange, but this will not last long, soon the decentralized exchange will be crowded by many users.

I still don't think I will ever like any dex exchanges since they always ruin values of tokens and one more thing ,its a home for erc20 tokens only ,I don't know why though ,I haven't seen a single one with better volume

DEX is just beginning to gain popularity. The project still needs a lot of time to gather its audience. In general, this exchange will be successful and will soon become popular. So I like this project.

my thoughts so too. Binance chain i think will be their biggest weapon to make their DEX fully working with huge volume everyday. more tokens will move to Binance chain if they eventually add those tokens for free. just think about how many coins today that isn't listed on any market. but if these tokens start moving out from ether network or EOS to BNB chain, they'd be automatically be on exchange and all they do is just redistribute/swap coins to holders.

Dex requiring advance knowladge about coin mechanism, i think people just too scare to deal with dex because it need access to wallet key

The real decentralized exchanges that i know, are all for trading eth and its tokens only.

Are there any other dex exchanges where you can trade bitcoin and other cryptocurrencies with their own blockchains? If they exist could someone post them?

I would like to give a try.

Most obvious reasons include complexity, user unfriendly interface, slow transactions, overall sluggish exchange plus poor compliance are some of the things that keep most of the people away from dexes but im sure some advanced dexes will be launched soon to cover this gap and in efficiencies.

well you can only trade in dex using there token like ETH for eth token
some trader is using bitcoin and other coin to trade and there are not much trade order to trade with
also dex is so slow and laggy but if there will be some advanced dex to be lauched someday maybe it can become popular.

this is due to the demand of the exchange! lets not be blind of what we are having. iti is still on what we can hve...
i have been there done that and waves token willl be there so lets not expect for a while

One of the reason why most people are still using centralized exchanges is because they have user-friendly interface, that is, orders can be executed easily and host of others. Another reason is, they are faster and have high volume when compared with Decentralized exchanges.
But in terms of security, Decentralized exchanges are far better as it follows the true ideology of blockchain. So I think, if there will be Decentralized exchanges with user friendly interface, it will stand a better chance of challenging most centralized exchanges because no matter what, funds security can't be taken for granted.

For me, the main challenge in using decentralized exchange is low volume, also they are notorious for listing a lot of shitcoins since there are no stiff requirement for listing. Dex does have a lot of advantages but the space need to grow, at the moment it  is more of a dumping ground for shitcoins

You said that decentralized exchange give fast response? Have you ever tried it? Decentralized exchanges based on ethereum are killing the network. Website are loading too long.  ::)

This may be caused by the fact that most decentralized exchanges are not attractive. Most of them are not useful.
But, we also have mistakes in this regard. We have all sanctified Binance, and we just worship it.

Some people still find it difficult to risk our own wallet to use on the DEX Exchange, even though some currently use metamask extensions for security and also if you want to sell or buy, the process is more complicated. besides that prices are also far worse than centralized exchange and sometimes have poor support.

I think because DEX exchange is usually for ERC20 tokens support not all coins are available there and DEX exchange also low support team to assist your problem, not like a centralized one. For me, I don't care if it is DEX or centralized exchange as long as I can trust the site and have positive feedback to their customer not having a bunch of complaints.

There are so many DEX exchanges, and they do not only provide supports for ERC20 tokens, but also for lots of altcoins, including Proof of Stake / Masternode coins. For example, you can find lots of PoS/MN coins on Crypto Bridge. The main reason why DEXes are not popular by now is fear of security and supports. Crypto investors, especially someone whom don't have enough knowledge and experience tend to stay away from DEX. They don't want to get troubles in case they need exchange's supports. Another reason is by using DEX, users have to secure their private key / seeds themselves. Such DEXes don't support users to get their private keys / seeds back.

Yes right, as far as I know DEX is an exchange that is specifically for the Erc20 Ethereum smart contract for trading before the main Token enters the global market, and so far the DEX exchange site is very safe.

stablecoin is the only they need. binance may really be able to do that. there are coins are starting to migrate into the binance chain because of this. i'm just not sure if BNB token is also in the dex, this might change soon there are dex that i have been waiting for its development like the weidex (for erc token) they do have a token there which is for the trading fees as well.

There are many things that makes it difficult for people to switch to DEX.
People are used to Regular exchange and it's interface. DEX have a learning curve. The operation is slow. The fees are higher. There are several steps to convert from one coin to another as DEX mostly are based on a single currency. And with a lot of phising sites in action, DEX are more unsecure than Central exchanges.
DEX mostly needs a computer while people also do trade with smarthphones.

DEX hasn't worked out many of the problems. They are still in developing phase. You can use them as a trail but they can't be a tool for regular traders. Not at least at current times.
They can't have another pair as they only work with the base currency whose wallet the user are opening. So we'd need a cross blockchain automated wallet to have multiple pairs on single dex.

Decentralized exchange works as a escrow on peer to peer trade. So inspite of double conversion, it would better let users put any pair on exchange and do it when matched. For fees, users should have a exchange specific token on their wallet which would be deducted on matching.
Currenty the Decentralized exchanges are doing multiple conversion to make a simple trade happen.

It will take awhile to catch on, but DEXs are the future.
In fact, that is what crypto is all about.
From the beginning it was a way for p2p transactions to take place.
A way for people to directly do business and interact with each other without the need of a middleman or central agency.

Also, when people catch on to the security of a dex, then centralized exchanges will be a thing of the past.
Overall, dexs are cheaper, faster, and more secure.
Who wouldn't want that?

But for now, I think people don't have a fundamental understanding of it.
And oftentimes, it takes a while for people to truly catch on.

they follow technological developments and market desires. because the market considers the decentralization exchange to be easier and more convenient to use, therefore the more people do trade there, it makes a number of new decentralized exchanges also be created.

it seems to me that time will pass and users will gradually migrate to DEX exchanges, there are more trading volumes on centralized exchanges and everyone is used to it and does not want to give it up, because DEX exchanges for most are something new and unknown.

More convenient but in terms of security, it's not secured as centralized exchange.
I mean, based on my experience using decentralized exchange where you have to put your private key to trade, I thin that step alone is very risky.

I like to try a new style for decentralized exchange which we can created username and password and I just don't know if its possible.

I also don't want to over think things, the fact that less people are using it now, that says they are not safe to use.
Compared to the volume of centralized exchange, the volume for decentralized exchange is just 1 to 2 percent.

i agree with you, this is just the habbit from traders who just use centralized exchange for so on and on.
this condition maybe sometimes will change because when DEX exchange more bigger and more trade volume it will make trader move to DEX.
just my preditcoin.

Trading on a dex exchange is the slowest type of exchanging your coin as it may remain in order forever unlike a centralized one. Moreover, there are many decentralized exchanges and some of them have very poor user interfaces which makes everything complicated to the new user unlike centralized exchanges that have user friendly interfaces.

I think traders don't care, or even don't know the pros and cons of using a centralized or decentralized trading platform. their only goal is to make a lot profit, as long as the trading platform is fully responsible for the deposited funds, they trust and that is enough for them.
traders will prefer to use a trusted exchange no matter which system are used, rather than using scam exchanges because there are lots of scams exchange out there.

i agree with yours, DEX exchange not have a big volume trade every day.
same like Binance DEX until now just still low volume trade on it, i don't know how Binance DEX will perform next time but i think if it Binance that mean it is seuccess.
i think people here is same like me when you hear Binance the first think you have is success.
i just hope it.

I'm personally very confused at DEX not continuing trading there, too many insider played are rarely fully played by traders so IMO also maybe PPL think the same as me so it won't be popular.

i am not sure that this is the only reason but in my opinion, centralized exchanges manipulates and increases the volume of the coins in their platforms. and since there is no owner of decentralized exchanges, volumes are very low.

even Binance launch Decentralized exchange still make dex era not make trader interest, like you explain above DEX platform is have low volume trade that's why people still comfortable with Centralized exchange than DEX

Low volume is the primary reason why DEX are still unpopular amog the traders because people want their trade to be completed instantly so they are going for the centralized exchange even if there are chances of hacking are there.

But in future it will change when people prefer security over the volume.

Because this is a general internship exchange and there are many shit-coins listed here. Many people do not use exchange platforms like Dex because it is not accessible. It is only a listing option for Tokens after the project ends. Investors think that top exchange options are always preferred, so they believe that DEX should not choose.

Stakenet (XSN) are aiming to fix these issues with their upcoming DEX which utilises Lightning Network and their one click Lightning Swap solution.

The DEX will run straight from their Multi-Currency Lightning Wallet so no need to move your assets anywhere and the entire DEX is hosted on their Masternode Network. All trading fees earned by the DEX are paid back to the Masternode owners running the DEX too. Their Lightning Swap tech means trades are instant so will have the speed of a CEX while ensuring the security of a DEX, they also have built in privacy options like TOR.

Stakenet have 2 plans to ensure liquidity first up is the DEX Aggregator which will provide portals into other DEXs to ensure the best liquidity and rates can be found in one place.

The second which I believe is the killer feature is that due to the nature of their wallet and the Lightning Swap tech they have also built in Cross-Chain payment tech. What this means is that any asset they support can be used as payment for another asset. So for example if a retailer accepts BTC then you can pay that retailer in any asset supported by their Multi-Currency Lightning Wallet and during payment the asset will be instantly converted to BTC for the retailer. This suddenly gives all these assets a great new use case of being used as payments at an ever growing list of retailers worldwide and which project wouldn't want that. As such Stakenet are forming partnerships with assets that they list so that those projects nudge their communities to use Stakenets DEX over any other exchange out there which will provide the liquidity needed for the instant cross-chain swaps.

With Stakenet DEX there is no KYC, no accounts, no geo-blocking, no waiting for deposits, no withdrawal limits, no converting assets into arbitrary tokens, no problems. Just straight P2P trading, instantly without the hassle. They are also working on something they are calling Cold Exchanging, which is trading directly from hardware devices like Trezor and Ledger.

When presented with that why would you use anything else?

Stakenet DEX is just one area they are working on, though it is also near release hence the focus on it but it's defs worth checking out the other stuff they have going on too.

I think most traders don't think about security until their funds are stolen. But at the same time, as you said, decentralized exchanges scare them off with a small volume of trading. I think that decentralized exchanges are still ahead and with the growth of the number of such platforms, competition will begin to increase, the volume of trading will increase and professional traders will come.

Back when Etherdelta was still the top DEX, many people who tried it find ED as ugly, slow, and complicated. I think many still have that notion even though a lot of the DEX's today have improved in terms of UI and speed.

Yes, besides that, in the decentralized exchange, the pair is not for all of the cryptocurrency, but it's only for the tokens although some decentralized exchange has the btc-token, altcoin-token. But still the popularity of decentralized exchange cannot compete with the centralized exchange, and people still prefer to trade in the centralized exchanges. Maybe if the decentralized exchange can add more pair for btc and altcoin and not just for the tokens, people will try to use it, and I think people will like to trade in the decentralized exchanges.

Inability to restore access, For example, due to lack of a KYC process and the ability to cancel a transaction in the event of a broken passwords or loss of a private key, the user cannot recover his or her data and return the assets. Chargeback and refund procedures are incompatible with a distributed registry. Users who have committed an operation by mistake or have lost control over their keys are not able to recover their access.

The biggest problem is volume. None of existing DEX could provide high volume. That's it. Imagine if you are a big whale, for sure volume is the main factor and on DEX volume is small even for me

It seems to me that in order to open a decentralized exchange, we need serious investments. And who will finance the maintenance of stable operation of the exchange? Therefore, such exchanges are not popular.

Centralised exchanges are more trust for trading but we many countries are supporting for Blockchain technology, each has its own advantages and disadvantages. Still, people who are in crypto are actively trading in decentralised exchanges.

that is right DEX exchange is always under point and decentralized exchange is always use to trade.
we can look the biggest exchange cryptocurrency like Binance, Houbi and other big exchange is Decentralized exchange with high volume trading everyday for almost all coin in there.
so, how about Binance DEX. i think Binance DEX is same like DEX exchange other not have a good enthusiast like Binance.

We as a decentralized exchange are waiting too for new the update and people to realize that security is above the speed! But yeah, active traders who want to trade digital assets in seconds can't rely on DEXes because we can't give them this speed for now. But with the new update on Ethereum, I think the things will be on whole another level. Another fact is the DEX community is much lower than before and also crypto market cap is much lower than in 2017 and 2018 and there are not many traders as before.

Issue is that people are used to old exchanges and speed is slow for dex. Dex exchanges still lack behind in popularity and their media coverage is very little compare to nondex. If a centralized exchange comes with dex, I would highly doubt their legitimacy.

As I observed in the market, most of the top exchange are centralized based system, like binance, kucoin, Idax, Okex, Houbi and more.

And maybe the reason why DEX was unpopular it is because centralized exchange are much more safer compare to DEX.

The main reason is we don't really know how the dex exchanges can be fully secure, I mean we know they claim it to be but we are not educated on the subject.

I mean I can create and exchange tomorrow and claim that my exchange is the best at both security and fast or I can say cheapest and whatever but without a proof nobody will believe me which is why I honestly think that dex exchanges have a superiority in something over non-dex exchanges but people are not educated about it enough, if they provide some proof and they do marketing on the basis of that truth then they could get a lot more famous.

Marketing is something dex places never do, for example casinos that are totally dex never talk about their dex part neither, they talk about how it is possible to make money as the gambler but not the dex part. Basically the simple answer is the lack of marketing in those exchanges.

As you know in previously only idex was good volume and now idex also not have good volume due to little slow trading but Binance DEX can grow in future .

Maybe just give it a time guys. Binance can always pull of new strategy to make things work. Nobody even expected the success if IEOs and everyone thought that STOs are going to fill the cryptocurrency craze again  but Binance did differently  and everybody copied their style. So once the Binance's dex became successful, more and more dex will exist like mushrooms.

You cannot guaranty if Dex ( Decentralized Exchange) is 100% secure compare to centralized exchange site. But theres some decentralized exchange site that have a good volume also one reason why its not popular because the altcoin you will trade in that exchange site is based on erc token but this time Binance open a Dex with have some good project listing.

Has binance dex already become successful? I still do not see a huge number of users who use this decentralized exchange

Actually, DEX Is More Secure, Since The Source Code is Open Source (This Is Sort Of Double Edged Sword Tho). And The User Funds Are Not Stored By The DEX. Incase Of Robbery, Only Funds That Held By The DEX Will Be Lost, Not Entirely(Unlike Their Centralized Counterpart)

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Isn't Binance Is Fully Transitioning Into DEX (Binance & Binance DEX Is Same)?

Definitely many dex exchanges will grow many times in the future, but now it’s all just ideas and users are not ready to use such exchanges.

I believe that the majority of traders use centralized platforms because they have large volumes of trades, which of course attracts everyone. On the other hand, you correctly noted that at the same level as this advantage, there are also bad factors, namely, frequent hacks, stranded volumes and the possibility of losing your crypto assets. It also seems strange to me, for the crypto sphere itself is famous for its decentralization and anonymity, as well as security. But we see a completely different picture, which causes a lot of controversy.

One reason from me is the volume trading value is too lower than the centralized exchange. Because centralized exchange has a high liquidity so you can sell your coin and other people will buy your token as soon as possible. but in decentralized exchange will be more secure because the transaction is use the peer to peer modes (P2P).

DEX is very simple but its to low volume, I use more centralized exchange likes Binance and OKEX.  I think DEX is only the last choice to sell tokens, but to buy tokens at low prices DEX is reliable.

DEXes are born after CEXes. When DEXes are completed and matured, CEXes take a majority of market share already. One more reason is that, people are too familiar with centralization and need time to get used to with decentralization. In my opinion, DEXes are the ultimate destinations of crypto. Sooner or later, Binance DEX or IDEX, Fork Delta...will replace Binance, Okex or Kucoin.

yeah im still wonder because blockchain create to make all decentralized.
but in fact is different, and the reason centralized is more better then decen, we can see if some coin already finish ico and the price in decentralized market like forkdelta is crazy, for example you buy coin with 1$ and then someone put the price in order buy with 0,0001$  ;D

Dex is popular but I see the UI to be most of the challenges people are facing to easily trade on but and its also stick to the blockchain coin which many find difficult to swap when the alts are all in dump mode and why people prefer the centralized exchange which can easily be swap with btc or usdt for save mode .

this is the reason why people not interest to trade in DEX than Centralized exchanger, because trade volume is one important factor that can make trading ecosystem running normally like Centralized exchange, people don't want to wait their order too long

Decentralization exchanges are a bit complicated.. difficult to understand.. a minor mistake might make you loose all of your funds.. and decentralized exchanges are also vulnerable to hackers

Centralized Exchanges have liquidity than dexes. and many people prefer Centralized exchanges over decentralized ones.  But there are good Decentralized exchanges also there like IDEX. People still use it the same as the centralized exchanges.

Look into WAVES DEX !

Decentralized exchanges still have a lot of improvement to implement in order to attract more traders. The few existing ones are doing quite well and people that use them definitely can understand their effectiveness and deficiency. I have not try a DEX, but from the reports of DEX users, developers need to come up with more improved platform, user friendly with fast order completion.

Binance "decentralized exchange" is not really decentralized. I read they restrict countries on the exchange. The "decentralize" tag  is very misleading. I'll likely never use the exchange. Who knows what else will be introduced on the exchange under the cover of decentralization? KYC maybe? And then the corruption of the concept of decentralization will spread..
It doesn't even qualify as semi decentralized exchange in my pinion

Humans likes things being easy, convenient and fast, and these are some of the features decentralized exchanges lacks; that is, the UI of most decentralized exchanges aren't user friendly and/or attractive when compared with most centralized exchanges.
Also, the volume in centralized exchanges are far greater than that in DEX.
So I think, these are some of the limitations in DEX which keeps users a bay, that is to say should there be any DEX which will offer users ease of use and convinence, they will surely go for it, as there is also high security in DEX.

It's not as though decentralized exchanges are not yet popular, many of us use them but centralized exchanges still have an edge over them. Talking about user interface, swiftness of operation, trading volume and liquidity, decentralized exchanges still have a long way to go. That's the reason why many crypto enthusiasts still prefer to trade on centralized exchanges like Binance, Okex, Kucoin, Bitfinex, Bittrex etc even with the risk of hack involved. I believe very soon things will take proper shape for decentralized exchanges, it's just a matter of time. I'm yet to see a DEX which has comparative features to CEX.

dex volume is low and using dex is someimes very risky and also you cant use bot in dex trading so you cant generate huge volume or liquid for a token.thats why dex user is low but dex exchange is future :)

Bisq have $1.4m volume. Someone seems to use it :)

It will definitely take some time more before we can begin to see so much volume one decentralized exchanges. One of the reason i have always preferred DEXes, is because of the real volume on them. Centralized exchanges most times use bot, which might make trading a little difficult for newbies. Also, most DEXes are to work on their interface and make it more advanced.

Most reason why DEX unpopular because the volume not big compare centralized exchangers. With big volume, the price could rising and more liquidity. Investor must be looking for liquidity and most centralized exchangers provide it, perhaps that why people prefer choosing centralized exchangers

DEXs are still make up a small portion of the total volume of digital currency trading; however, they are gaining in popularity. If you are with centralized exchange, a higher level of responsibility is always needed to safeguard your own assets.

th problem in liquidity form DEX is serious that's why people are not interest trying to trading in Decentralized exchange than Central Exchange.
low volume maybe and most sites are slow when accessed

I use DEX several times, in my opinion the  cause is low trade volume and some of DEX exchange has a very slow performance in trade.

Waves DEX started new demo trading competition for increasing the popularity and the Waves developers fixed reported issues on the Waves DEX. It will be a big competition and decentralised platforms will be a future. Binance dex is also a nice alternative for using it for the traidng limited altcoins.

Maybe because the centralized exchange is faster than decentralized one.
I am using forkdelta as my decentralized exchange, and sometimes the order book can freezing.
For traders, it is good to using centralized exchange to trading quickly. But for the holders who want to sell or buy coin only and not trading, using DEX is good.

DEX will be popular if he can present a BTC pair
Now DEX only has one pair, it can't deliver multi pairs like those in centralized exchanges, that's what traders want and that's why DEX isn't popular yet

people trust the centralized exchange more than the decentralized exchange is because of its better features. Just imagine with Bittrex or Binance (which is a giant two centralized exchange) can allow users to make transactions anonymously and also can buy coins easily because of the help of developers ...
different from EtherDelta, which is one of the decentralized exchanges which in my opinion is not enough to be used as a medium of trading by professional traders because the transaction speed of EtherDelta is not satisfactory

But i like Dex. It can be manage wd well than centralized exchange. But i like cex also. For example binance, indodax from my country😁. I like all exchange. Except small or new exchange

I am still using centralized exchangers because when make transaction, its very fast execution and more liquidity. Big exchangers like binance give assurance to their members that their funds are safe and i think exchangers will always improve their security

Most exchanger, centralized or decentralized using bitcoin as main pairs in their platform because bitcoin is main cryptocurrency. I think DEX still not popular yet because transction volume still low, but i think DEX will be popular in near future because centralized exchangers always have issue with regulation

Cryptocurrency is like a whim. The people follow other people blindly. If a coin rises vertically in price, other people will follow the people without trying to understand how price of the coin has increased. So is the case with exchanges centralized or decentralized. People are using extensively some popular exchanges like binance, coinbase, bitbtc etc without trying to know what is decentralized exchange is and what benefits one can get from it.

Because actually the traders does not care about the decentralize application, they just think about the price of cryptocurrencies and how they can get money in cryptocurrencies fast, even some of people don't know about the benefits of decentralize application dapps on trading cryptocurrencies.

And if there are no trading volumes then what's the point of using DEX? In this issue you can use the term "historically". People follow people; new projects do not tend to listing on DEX's (not to mention the fact that there are very few real DEX's); in this case, quality does not go into quantity, unfortunately.

binance dex will changes everything about decentralized market.its volume growth smoothly and if many projects migrate in bnb chain , centralized exchanges with low volume will replaced.

The true show time of decentralized exchanges is yet to come. Centralized exchanges serve a bit different purpose than DEXs. I personally have high hopes in IDEX and their dev team.

Dex platforms need more volume they are expanding  so in due time they will get back good number of users and decent trading volume so we should give time for Dex to get popularize

Not sure that Binance DEX can be better security than Binance. And also I see what users need most is a large volume exchange with lots of coins so they can be easily invested

I think one of the reasons why DEX's are still unpopular today is that is has suffered from the ill effects brought out by too much competition. The fact that many DEX's have surfaced in a short period of time only resulted for them to have low volume and low activity, which most of them has also low price for their listed tokens as compared to centralized exchanges. I also think this is  is one of the reasons why most traders would often prefer centralized exchanges over DEX's.

In my opinion, decentralised exchanges are much better and bringing the security of your funds on the whole new level. The only problem is the lack of major coins, because every DEX is combined with a specific altcoin.

I believe volume is the biggest factor, on top of the many shortcoming on DEX that resulted from being a decentralised application doesn't actually matter for me, I don't need promotions, IEO, supports, a comprehensive UI with necessary functions is more than enough. Waves dex is really good except it have too many useless assets and limited volume.

Maybe Centralized Exchange is more user friendly to use it.
Then,sometimes the price of coin in the decentralize exchange is very bad than on the centralized exchange.

The Binance DEX is not a true DEX sadly. Sorry to burst your bubble. It's operated by 20 nodes ALL contolled by Binance themselves. You call that decentralized?  ???

Binance just wants to be first, since they have a HUGE advantage since their user base is SO huge.

There are other options out there if you want to use a REAL DEX, that is 100% decentralized, and not controlled by anybody. BlockNET, and I believe Bitshares is working on a great solution as far as I know.

The DEX that I look forward to the most and with several reasons is the Stakenet DEX though. Reason is, they will have lightning transactions on top of the DEX. (And if you're a huge fan of tech like I am, it's a no brainer). With lightning transactions, and a DEX run entirely by masternodes who HOSTS the blockchains, the DEX will be as fast to use as any centralized solution out there.

The biggest issue currently is liquidity. That's the MAIN reason people stay far away from any decentralized solutions. Well, if you look at Stakenets DEX Aggregator, they want to combine multiple DEX's into one, which adds a ton of liquidity.
Their DEX hasn't been launched yet, so for my trades I currently play around with the BlockNET DEX.  :)

You right, trader is never think if that is centralized or decentralized exchange, they all just need to see a high volume trading every day.
If Binance DEX have a high volume trading, i promise if that DEX exchange will on top like Binance Centralized.

Well i believe people are still feel centralized exchange are suitable and good enough as long as its safe and couldnt be hacked. I do also think people still afraid to login with their own private key and many of them dont understand how decentralized exchange works.

You are totally right, after some hacks of the myetherwallet which is based on blockchain people believes the decentralised services, we need more time for adoption.

Competitions and popularity, most dex still not getting supports where centralized exchange already caters, traders still using centralized
since volumes and daily activities is more active inside known exchange, unlike dex where mostly new projects are being available.

Well centralized exchange is more friendly because there exist the customer support whereas most of DEX runs autonomously and usually the support comes from the community itself, but when people get used to the mechanism there's basically no different to centralized exchange in term of conveniences.

As I know in order to identify the user binance DEX looks up the user's IP address and uses cookies, so on this basis binance can decide whether the user can trade on the exchange or not. What kind of decentralization are you talking about?

because its more safety and profit.
i guess u really understand about it.
about why pair always only on BNB its normal since we know they launched their dex on their blockchain self.
i just think it will be hard to input btc on their DEX system.

A very brilliant topic! To me seems most people never understand the relevance of Decentralized Exchange in Crypto trading . Its quite odd trading decentralized digital assets in a centralized exchange . I believe Decentralize exchangers will take total control in the future. There are some better Projects working towards developing better decentralized exchange which i feel will be of great advantage in Crypto industry.  Saturn Black decentralized exchange is very promising though they never launched their platform but the feature of this platform is fantastic. Volentix as well willing to offer a super Decentralized Exchange . I believe in future Decentralized exchangers will take control.

I now majorly use decentralized exchange but I hate Forkdelta, as executed orders are not immediately cleared like cleared like centralized exchange and Idex, thereby giving a false hope. I love decentralized, I control my key and no one tells me when to withdraw my money.

Thats the point, centralized exchange has customer support.
Whereas, decentralized exchange has not it.So, the trader will comfortable when he face the problem on the exchange, customer support will help them.

If centralized exchange was the best, why is Binance still coming up with their own DEX exchange, that is if it will really be proven to be DEX exchange because I do not trust any platform coming from the know people to be fully a decentralize one as they claim.Anything that relies on third party control cannot be fully relied on, though people will have someone to hold responsible in the case where something goes wrong.

Centralized exchanges has so many problems that only DEX will appear to solve it, and one of the greatest advantage of DEX is that it is much more safe from hacking, which is the main edge it has over centralized ones.

You can check out our DEX - weiDex Exchange :))

DEX will surely make a big change over the exchange services. As of now it is just the beginning, from my understanding when Binance DEX gets launched we'll see more listings and the same will make traders move towards DEX. When it is DEX we can't question if some security breach takes place as the user himself is responsible for the funds.

as trader works on decision to release with use of customs with personal strategics, more on reference as releasing parts of possession with the resource to goes as fine with limit on numbers to complete within the range of terms as the entrance on timelines.

I don't think Binance is launching a real decentralized exchange.

I agreed with you, it is just a way CZ boosted Binance coin and the popularity of Binance in crypto world. If community ask for DEX, Binance can provide it, that is the main purpose of CZ. He want to demonstrate that Binance is very adaptable to hot trends, and demands of crypto community. Indirectly, he also want to spread the strong dedication (with continuous initiatives) to help Binance maintains its first position among crypto exchange. In my opinion, if Vitalik is a pure technical experts, Charlie Lee is a two-faced man, CZ is a very smart, flexible and adaptable CEO.

This seems to be right, decentralized exchanges are yet to offer the functionality of a centralized exchanges and as such people are reluctant to use them, but their time will come and when a DEX finally becomes as good as a centralized exchange you will begin to see a huge amount of traders use them, this is why binance is creating their own DEX they know it is the future and they want to be there to get those profits, this shows their long term thinking and it is one reason of why it is one of the most successful exchanges in the world.

Etherdelta is not trusted anymore, people are now migrate in Forkdelta, why most people DEX ED/FD because many failed project are tradable here and people just want throw the shittoken and trade them just for pay the fee

Many Dex exchanges from each Dapp platform like ethereum and Tron but they only support tokens that are on the Dapp network of each platform, there are already many new ideas about DEX exchanges that support BTC but they still have low trading volumes such as the DX Exchange and DEEX.
Exchange is decentralized faster because all controls are in each user and I think there will be a DEX exchange that supports all Dapp platforms someday.

the speed for accessing some website are important, but for now many Dex are improve to fix and make their website faster for people.
but actually people needed from Dex is trading volume, when some Dex have big volume, people don't want make their order and pending too long in market like Dex market usually

I dont think that DEXs unpopular! I think it will be popular more and more every day! A lot of projects and exchanges selling users data and it is big problem unfortunately

The number reason, I think, is that most dexes are not user friendly.
Secondly, the requirement of one's private keys makes it difficult to trust dexes becuase in case the site is hacked, the attacker gets their private keys and access to their coins which was not even planned to be sold on that exchange.
With centralized exchanges, you only send coins that you want to sell to the exchange which makes it a better option.

The popular ones are centralized like Binance, Bittrex but there is no single reason to talk about mainstream decentralization. The anonymity offers are not popular for today's needs but it will change in a timely manner. Following the decisions of governments will not let the decentralized markets to spread.

Decentralized exchanges will not remain without traders, many bounty hunters just need such as (Forkdelta, Etherdelta) there is an opportunity to sell tokens without waiting for them to go to the centralized exchange if this happens at all, and indeed such an option is possible.

I will still choose CEX over DEX at any time, I will prefer to use a system where I can know those who are operating the system and can hold any of them responsible if anything goes wrong with my trade, I understand that DEX exchange gives us the full freedom to trade or coins directly without the involvement of third party transaction, which is what really stands for the purpose of crypto, but if anything goes wrong in DEX, there is no one to complain to, so I will prefer CEX exchanges like Binance, which I am sure is reputable and will never scam people. The only feature I like about DEX is that it is hard to hack a DEX exchange.

It is clearly that centralized exchanges (un-scam ones, of course) provide better supports for customers than decentralized exchanges. And, if something bad occurs, scam exits for example, there are chances to see some serious legal activities from local authorities to help customers to get their funds (part of their funds) back. For decentralized exchanges, chances get funds back are so small, very small. However, naturally we always need competitors to build up stronger and healthier crypto market.

by using CEX of course we can save more time when we want trying to trade because in Centralized exchange waiting for make transaction in market is not longer than we use DEX, because in CEX volume trade is to high than DEX, and for myself i'm still prefer to used CEX

For me personally, it is more convenient to use decentralized exchanges, as there is a convenient interface and a lot of shopping pairs, but I am storing funds on my wallet, not on the exchange.

Its mostly about the volume that we want. There is less in DEX, you can't dump all the  altcoins you have if the  only buy orders are worth just 2 ETH while you have about 25ETH worth of altcoins. Liquidity is always an issue in the new centralize exchange. For traders, they know where to put their money on and if DEX doesn't pair tokens/coins to BTC, it will have less volume no matter what.

With the whole customer support services centralized exchange provides, is it all of them that do respond to all issues, I have seen many people complain how these people treat them and ignore their messages when they send any, there are some people that has had issues unresolved for months, which few exchanges that are reputable are the ones giving attention to their customers, so why should one really be crazy over this, the only issue most people do have is either their money get hung over the air, or they get hacked which I think you may not have any of these issues in a DEX exchange, CEX might be popular now, but DEX is really the best.

Simply because DEX is still not popular because it is not focused on companies and organizations. Since they cannot earn a lot of centralized exchange, currently only Binance is giving new ideas to make DEX (their) will have large volumes and users in the future.

Everything can be hacked, even decentralised exchanges. The only one that really cares about the security of their users are guys from IDEX exchange, because the launched a POS mechanism to bring the security on the next level.

But as you can see the binance dex is not comparable with its centralized exchange site consider about binance dex has 200x less volume compared with binance centralized exchange site.
We can get various features from binance centralized exchange site and that looks more attractive than dex.

who told you that. for newbies or layzy guys, who can not try to understand, dex are unpopular. for example forkdelta is comfortable for buy cheap.

But, DEX exchange also has dangerous of hack, like phising hack.
For example , Traders can get trapped on the phising web of DEX. They input the private key, then they lost all assets.

I am using some of them actively like IDEX or forkdelta (etherdelta). I think the most important reason is their unfriendly user interface. It is not easy to use them. That's why their volume is not big.

If in a binance a decentralized exchange will have the necessary pairs, you can go there with pleasure, I would not mind that everything would be in my smartphone on a cold wallet. Keeping just on the exchanges you take off just responsibility for your assets, but safety is also lost. Controversial issue.

Clarify for me, I can not replenish the balance binance dex token ERC-20 ?

To me it seems most people understand the safety of DEX but the fact remain there is no liquidity in all these decentralized exchanges . Centralized exchanges is risky but most of them always have enough liquid for smooth trading and the traders always cherish an exchange with surplus liquidity.

I would like to add this to the list of Decentralized exchange that has good potential in the market I agree that Decentralized Exchange should have a place in our industry because we are in a decentralized industry

https://steemit.com/bitcoin/@hatu/switch-is-a-dex-that-s-actually-decentralized

This greatly has to do with the perception of dex by a lot of people. Most people view the complexities of DEX and believe it will be much easier and better staying on Centralized exchanges than moving operations to Decentralized Exchanges. Initially, i never liked DEXs however, having tried them, I can confirm, they are much simpler and fluid to use than centralized exchanges.

This is largely a matter of habits. Many traders already trust large, well-known exchanges and are in no hurry to change their preferences. DEX is much inferior to them in terms of trading volumes.

The problem of decentralized exchanges is a terrible interface. Look at EtherDelta - it’s just impossible to work there. With the advent of IDEX, positive changes began, and now, when binance launched its decentralized exchange, we can safely say that this trend is developing! Let's see how CUBIEX grows in price, which conducts IDO on a decentralized binance exchange!

Because Decentralize Exchange it's low volume, and not safe. I am use Decentralized Exchange only for buy some coins because sometimes its very cheap.

Decentralised exchanges tend to lack most of the features and speed of centralised exchanges, decentralised exchanges still has a long way to go before it can be considered an equal to centralised exchanges, the only upside about using decentralised exchanges is that you control your funds at all times.

You would like to hear the reason? Because they are slow, they are slow as a speed of transactions on the chain where they are created.
In the past another reason was that DEXs weren´t user friendly.

Decentralized exchanges are of low popularity due to low trading volumes. In this situation, they strongly lose to centralized exchanges. That is why so few people trade on them.

The most popular DEX at the moment is Binance DEX and it is quite popular, but it only operates with tokens on Binance Chain, so not all coins can be traded there. Trading volume is also low if to compare with Centralized Binance.