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Economy => Trading Discussion => Topic started by: btcholder on February 19, 2020, 04:48:33 PM



Title: Why not decentralized exchange..?
Post by: btcholder on February 19, 2020, 04:48:33 PM
In my opinion decentralized is one of the great reason that people love or apriciate bitcoin. I know there is many things too but its not about that or bitcoin. I am not too much experience able person in crypto world but with all my little experience i understand that people want a good project which is decentralized. But my question is then why we don't accept properly decentralized exchange..?

There is many point that people should trade in decentralized exchange. But what is the problem that every time decentralized exchange failed to stand up..? Was it us who don't show much interest about it or it's the outhority who didn't provide to us properly..? Is there any chance that decentralized exchange will stand up..?  

Please share your thoughts.  


Title: Re: Why not decentralized exchange..?
Post by: iamaruf on February 19, 2020, 06:09:07 PM
maximum decentralized exchanger is difficult to understand for newbie.in my personal opinion Decentralized exchanger take time to load, user interface and take and it's not easy to make a trade for newbie.if newbie don't know how to use decentralized exchanger then they have risk to loss his money,First time I alost few bucks in etherdelta and few days ago I saw a comment where one trader telling that he lost his money in binance dex.though this is not exchanger fault,That was my fault.


Title: Re: Why not decentralized exchange..?
Post by: ikicha on February 19, 2020, 09:13:41 PM
If we comparing centralized & decentralized exchange both of them have their own ability, but the reason why centralized always more get attention from decentralized exchange because the volume it self. Decentralized exchange have a small volume if we compare with centralized exchange, also not everyone want really get a fully control of their asset maybe a bit lazy. Centralized exchange also have a good UI Design, went decentralized more bit complicated about the platform than centralized exchange.


Title: Re: Why not decentralized exchange..?
Post by: leowonderful on February 19, 2020, 10:45:56 PM
Decentralized exchanges just aren't very viable in my eyes at the moment because most of them lack in either volume, number of pairs or both. Most of the decentralized exchanges that I've seen over the last few years have greatly improved on the UI side of things to the point that they're decently accessible for even newer traders, and they usually do not take significantly more time to load than centralized exchanges do, but they're just not up to par with more centralized exchanges at the moment even though I do support them.

I could certainly see decentralized exchanges becoming more popular in the future when KYC likely becomes more and more strict and more platforms begin requiring KYC that currently don't, however.


Title: Re: Why not decentralized exchange..?
Post by: GreatArkansas on February 19, 2020, 11:41:05 PM
Also, people different taste. Even though we all know that using decentralized exchange is much better, but for them is that is still sucks, like they have something in centralized exchange that decentralized exchange don't have.
Especially those non-techy or people just want to trade at all and earn some money or stack some satoshis.


Title: Re: Why not decentralized exchange..?
Post by: The Cryptovator on February 20, 2020, 06:58:31 AM
I assume tradres are unable to find their favourite pairs on decentralize exchange. There is some advantage and disadvantages. Like some are not mobile friendly, everyone isn't full time traders so they can't use PC always. Also some people like to trade via apps. Like Binance centralized exchange, their exchange is mobile friendly and have apps. That's why it's quite easy to use and its understandable for everyone. Also not too much volume on decentralize exchange. You need to wait with patience for buy/sell. I think that's why decentralized exchanges can't stand till now. Hope something will happen future with decentralize exchange. Perhaps they should develop with advance features.


Title: Re: Why not decentralized exchange..?
Post by: Strongkored on February 20, 2020, 08:01:12 AM
I feel that the speed of transactions is sometimes the reason I rarely use DEX, some of the DEX I use are not mobile friendly which sometimes I still need to monitor orders via mobile phone when I cannot access via PC or laptop.
With many improvement DEX will soon be the first choice or at least be on par with CEX.


Title: Re: Why not decentralized exchange..?
Post by: panganib999 on February 20, 2020, 08:26:56 AM
I think it is about control in my view. Many investors don't like to be so isolated from their investment that they won't have some control. Centralized exchanges also have achieved volume because of the investors already there so they keep growing.

Because that's the only way the governmeny benefits our cryptocurrency. They can't get taxes from that that's why they are making fees higher in the exchange during transactions and we have nothing to do about it. Centralized exchanges are the only way they think of because they know that cryptocurrency will really improve the economy of a country. Most especially those bitcoin users, the fees are high so they tend to just store it and use it for a larger transactions. Decentralized exchange is someway possible because there are countries that really adopted cryptocurrency. There's something wrong with the government who really want to focus the benefits of crypto to them, still people are unable to utilize or manipulate cryptocurrency freely.


Title: Re: Why not decentralized exchange..?
Post by: xvids on February 20, 2020, 09:54:48 AM
Both decentralized and centralized exchange have their own advantages.
But I really like the decentralized platform since it doesn't need any personal informations to completely use their platform and it doesn't have any limits.


Title: Re: Why not decentralized exchange..?
Post by: Janation on February 20, 2020, 10:23:13 AM
A lot of people will be favoring it but there is a problem.

Despite the demand for them wanting a decentralized exchange, investors and traders still go to popular exchanges because of the fact that a lot of cryptocurrencies can be traded their and be sold quickly. You can't just go to an exchange that still did not build up popularity for that site, and you never know how long will be your sell queued up in there.


Title: Re: Why not decentralized exchange..?
Post by: Natalim on February 20, 2020, 10:41:19 AM
IIRC, CZ once said that Decentralized Exchange is the future, but look at their DEX, it's not competitive with the Centralized exchange and they can't even provide a real DEX since Binance DEX is not a real Decentralized exchange.

As of now, I can only say that people trust more the centralized exchanges than DEXs.


Title: Re: Why not decentralized exchange..?
Post by: Bttzed03 on February 20, 2020, 10:48:56 AM
Why not DEX? Inconvenient for most users and don't have enough volume for active traders.



maximum decentralized exchanger is difficult to understand for newbie.in my personal opinion Decentralized exchanger take time to load, user interface and take and it's not easy to make a trade for newbie.if newbie don't know how to use decentralized exchanger then they have risk to loss his money,First time I alost few bucks in etherdelta and few days ago I saw a comment where one trader telling that he lost his money in binance dex.though this is not exchanger fault,That was my fault.
It's not the decentralized exchanges' fault if users do not learn how to use the exchange first before trading there. DEXs maybe slower to load and have less appealing UI but if that's the price to pay to keep your privacy and anonymity, then it should be worth it to use. The problem with people having issues with using DEX other than volume is that they simply want convenience that CEXs brings. They become impatient to understand how a DEX works.

I was once a newbie but I took the time to learn how to trade on ED, FD, IDEX, and BDEX that's why I never lost funds.


Title: Re: Why not decentralized exchange..?
Post by: Reid on February 20, 2020, 03:02:05 PM
Listing, volume and a lot more is needed to be considered here.

The problem before was volume actually. Let us use etherdelta as one example.
Volume of buyers before are really weak and how could you trade with that?
The only pairing I see is any ERC20 token against ETH.
So if no one with buy using Ethereum then what will happen? With that people will tend to look for something better.
An exchange where their ERC20 token could be paired even with Bitcoin or USDT.
That's what happened.


Title: Re: Why not decentralized exchange..?
Post by: mk4 on February 20, 2020, 03:32:23 PM
These exchanges aren't really "decentralized" regardless if they call themselves one. The fact that a company runs the servers and the exchange in general makes it automatically not decentralized. They're non-custodial at best.

As for the non-custodial exchanges a.k.a. "DEXs", custodial exchanges are still far better and easier to use than these "DEXs" hence why usage is still really low.


Title: Re: Why not decentralized exchange..?
Post by: abel1337 on February 20, 2020, 03:52:16 PM
These exchanges aren't really "decentralized" regardless if they call themselves one. The fact that a company runs the servers and the exchange in general makes it automatically not decentralized. They're non-custodial at best.

As for the non-custodial exchanges a.k.a. "DEXs", custodial exchanges are still far better and easier to use than these "DEXs" hence why usage is still really low.
Right and we are attached to using the self-called decentralized exchange because of the good service they make, In my experience, between a truly decentralized exchange and centralized exchange that we are familiar with and have comfort using it, I have really just use the centralized exchange. I have a good experience in it and got no problem with years of trading.

I didn't really have the experience of having trouble using the truly decentralized exchange but I don't know why I keep coming back into my favorite exchange. Good experience with it maybe?


Title: Re: Why not decentralized exchange..?
Post by: ReiMomo on February 20, 2020, 04:20:01 PM
A large number of pairs coins to trade in centralized exchanges will remain traders choosing on it. Decentralized is not easy for the newbie so it is not advisable for them because they might get an error when executing in trading. Another reason is those centralized exchanges are also has a large number of volume per coin and easy to trade.

You can read more details here, https://bitcointalk.org/index.php?topic=2906237.0.


Title: Re: Why not decentralized exchange..?
Post by: el kaka22 on February 20, 2020, 06:17:54 PM
I am assuming the volume, whenever this topic comes up I always say the same thing, it is the volume. Sure the quality of the decentralized exchanges play a big role as well and that is one of the leading reasons why it also doesn't have a good volume too so pick which one you want.

People do not go to decentralized exchanges because they have lesser quality than the centralized exchanges they are already using, convincing people to move from the place they have been using and move into the place that they are not using is a very hard task already, convincing them to go to a place with low volume and bad UI and so forth is even harder. Which in return comes back as low volume and that alone also makes people stay away from the exchange without any other reason required.


Title: Re: Why not decentralized exchange..?
Post by: bittraffic on February 20, 2020, 06:34:47 PM


I guess is because there is no such thing as decentralize exchange at all. Many will claim but you'd come to realized it when there is actually the need for admin even with forkdelta or the blocknet which many believe to be the best DEX. I think Defi will help the dex improve its volume though.

What is more decentralize is when we exchange coins here in the forum particularly in this section (https://bitcointalk.org/index.php?board=53.0).


Title: Re: Why not decentralized exchange..?
Post by: nelson4lov on February 20, 2020, 09:31:25 PM
But what is the problem that every time decentralized exchange failed to stand up..?

Decentralized exchanges have always been lacking essential requirement which are good volumes and great pairs. Dex lack volume. That's a big problem. Even big dex like that of Binance get less than $10M of daily trading volume. Even small centralized exchanges  hit  such volumes easily. Some people may ask, why are volumes important? Volumes determine the strength of a market. To understand better,  small volumes == weak market. High volume == strong market.

Even trends needs volume to keep moving in that direction. And that's something that Decentralized exchanges do not have. I'm not even mentioning the fact tgat some decentralized exchanges have been asking for KYC details.


Title: Re: Why not decentralized exchange..?
Post by: mk4 on February 21, 2020, 03:17:54 AM
I didn't really have the experience of having trouble using the truly decentralized exchange but I don't know why I keep coming back into my favorite exchange. Good experience with it maybe?

You didn't have any trouble with using truly decentralized exchanges because, well, simply because truly decentralized exchanges doesn't really exist as of yet. :P


Title: Re: Why not decentralized exchange..?
Post by: michellee on February 21, 2020, 05:53:58 AM
But my question is then why we don't accept properly decentralized exchange..?

There is many point that people should trade in decentralized exchange. But what is the problem that every time decentralized exchange failed to stand up..? Was it us who don't show much interest about it or it's the outhority who didn't provide to us properly..? Is there any chance that decentralized exchange will stand up..?  

Please share your thoughts.  

People accept decentralized exchange, and we can see that some decentralized exchange have trade volume although if we compare with the centralized exchange, the volume is not too big. But I think people still like to trade in the centralized exchange because the list of the coins is big, and they can trade with many options. But I think the decentralized exchange can stand up and grow if they can give better services like what people get in the centralized exchange.


Title: Re: Why not decentralized exchange..?
Post by: TheUltraElite on February 21, 2020, 12:25:12 PM
But my question is then why we don't accept properly decentralized exchange..?
The main problem is with trust. You will trust an exchange who is transparent and even if they force KYC on you, but they are operating from your country, at least you have a legal position on them to sue in case they ever turn to scam. But then what about those DEXs that scammed? Did they ever end up paying the money they owed to their users?

Of course people should not store coins on exchanges for long duration, still a part of the fault lies on the exchange owners. The exchange was made to faciliate trading and the people who go scammed on that exit - possibly the "zeroday" ones are the worst to suffer.

Now we have seen prosecutions on CEX owners but maybe not everyone of them will become like Mtgox still, they are trusted by traditionally most people than DEXs.


Title: Re: Why not decentralized exchange..?
Post by: Ridwan Fauzi on February 21, 2020, 02:59:38 PM
I don't know which one is more secure between centralized and decentralized exchange.

Because it is the point that should be considered by many user. I have heard some information about an centralized exchange has returned the money for those user who have stolen because the exchange has hacked.

Which is mean, there will be many users who will be more interested to use centralized exchange instead of decentralized exchange. And as far as I know they just a few decentralized exchange and it is volume is far from centralized exchsnge.


Title: Re: Why not decentralized exchange..?
Post by: Meowth05 on February 21, 2020, 03:43:19 PM
Honestly, decentralized exchanges have better security to store our funds compared to centralized exchanges as there's no centralized server that can be targeted by hackers. However, as I have read it is too early for decentralized exchanges to be implemented and needed a lot of development. The things that hinder decentralized to enter the mainstream because of liquidity: liquidity comes down to how easily you can enter and exit a trade. Next is leverage in which decentralized exchanges were at disadvantages. And lastly, is the user experience, trading in decentralized exchanges offers a fewer trading option which gives different experience especially on newcomers.


Title: Re: Why not decentralized exchange..?
Post by: DoublerHunter on February 21, 2020, 06:38:56 PM
~snip~
liquidity comes down to how easily you can enter and exit a trade.
^ Definitely right, this is the most important of crypto exchange when most traders looking more profit which is easiest and fastest gaining profit. Liquidity and also with a good high volume of exchanges that makes traders boost their profit and decentralized missed that opportunity. Eventually, DEX's are fewer pairs of coins to trade unlike, CEX's you can choose different coins that have the potential to gain profit.


Title: Re: Why not decentralized exchange..?
Post by: iv4n on February 21, 2020, 07:12:43 PM
One day decentralized exchanges will be the first choice, but not now, and not anytime soon. Take a look around, many people invest in centralized exchanges and their centralized coins, this trend last for some time and will not end soon. When this trend ends we can expect decentralized exchanges to become popular, not before that. When will that happen? Well again we should take a look what's happening around, and here on crypto forum many people are still not familiar with what is decentralization, what is DEX, what is DAO and DeFi, when here on forum many people don't understand this terms how can we expect from people outside crypto community to know this stuff?


Title: Re: Why not decentralized exchange..?
Post by: pragna on February 22, 2020, 04:04:44 AM
Both decentralized and centralized exchange have their own advantages.
But I really like the decentralized platform since it doesn't need any personal informations to completely use their platform and it doesn't have any limits.

Yes, this is very important that i think always. In decentralized platform i need not personal information that maximum centralized platform use now a days. Many centralized exchanges that has limits of transaction for personal information and this is very problematic. Problem is there are less decentralized exchanges in market so that we can not exchange as like we do.


Title: Re: Why not decentralized exchange..?
Post by: bitgolden on February 22, 2020, 06:42:57 AM
Decentralized exchanges are good, but I think it’s meant for people that are well experienced in cryptocurrency trading. The interface and how it’s built is usually not easy for most of the newbies to understand, and that’s why they tend to make use of centralized exchanges. And something else that you should know is that they lack the level of protection one might have when making use of exchanges like Coinbase.

When it comes to Coinbase which is also a centralized exchanges, they carry out the process themselves and traders are always safe and there wouldn’t be anyone complaining they got scammed. If a newbie should start with DEX they are likely to make a mistakes.


Title: Re: Why not decentralized exchange..?
Post by: BlacksmithCorporation on February 22, 2020, 02:27:11 PM
Decentralized exchanges are good, but I think it’s meant for people that are well experienced in cryptocurrency trading. The interface and how it’s built is usually not easy for most of the newbies to understand, and that’s why they tend to make use of centralized exchanges. And something else that you should know is that they lack the level of protection one might have when making use of exchanges like Coinbase.

When it comes to Coinbase which is also a centralized exchanges, they carry out the process themselves and traders are always safe and there wouldn’t be anyone complaining they got scammed. If a newbie should start with DEX they are likely to make a mistakes.
The problem is not entirely the use because decentralized exchanges are getting better and easier to use, and I find myself not too difficult to use a decentralized exchange. I don't regularly use decentralized exchanges because they lack functionality and liquidity.


Title: Re: Why not decentralized exchange..?
Post by: RealMalatesta on February 22, 2020, 05:01:23 PM
Binance gets less than 10 million dollars of volume is a great way of saying binance is making over 2-3 thousand dollars profit PER DAY, and we all know they are making much more than with all other stuff that goes on with that website, they are probably making above 10 even 20 thousand dollars in profit every single day and that is why they are more popular than any other decentralized exchange out there.

Plus, binance literally made their own DEX which I still think it is not fully DEX and combination of centralized and decentralized, but even with that out of question, decentralized exchange they created didn't get all that much volume. Why? Because people do not really want to use it, as long as there is no community behind any DEX, we will not see any successful one.


Title: Re: Why not decentralized exchange..?
Post by: pixie85 on February 22, 2020, 10:17:10 PM
I can think of a number of points why not DEX:
-harder to use
-less popular
-smaller volume, bigger delay between trades
-you rarely know who really operates them so many people will chose a known operator that claims to have insurrance from some anonymouse person



Title: Re: Why not decentralized exchange..?
Post by: dunfida on February 22, 2020, 11:44:52 PM
Binance gets less than 10 million dollars of volume is a great way of saying binance is making over 2-3 thousand dollars profit PER DAY, and we all know they are making much more than with all other stuff that goes on with that website, they are probably making above 10 even 20 thousand dollars in profit every single day and that is why they are more popular than any other decentralized exchange out there.

Plus, binance literally made their own DEX which I still think it is not fully DEX and combination of centralized and decentralized, but even with that out of question, decentralized exchange they created didn't get all that much volume. Why? Because people do not really want to use it, as long as there is no community behind any DEX, we will not see any successful one.
It all matters with peoples choice and we have seen on how decentralized exchanges do perform in terms of user counts.
I agree on what other said about the reason why people doesnt like to use these platforms because of the lacking of fiat features.
Dex cant offer such thing thats why we can see the difference when it comes to demand.

We have seen some few good Decentralized exchanges though but still not really the same with exchanges that we do know today.


Title: Re: Why not decentralized exchange..?
Post by: Twentyonepaylots on February 22, 2020, 11:48:40 PM
Binance gets less than 10 million dollars of volume is a great way of saying binance is making over 2-3 thousand dollars profit PER DAY, and we all know they are making much more than with all other stuff that goes on with that website, they are probably making above 10 even 20 thousand dollars in profit every single day and that is why they are more popular than any other decentralized exchange out there.

Plus, binance literally made their own DEX which I still think it is not fully DEX and combination of centralized and decentralized, but even with that out of question, decentralized exchange they created didn't get all that much volume. Why? Because people do not really want to use it, as long as there is no community behind any DEX, we will not see any successful one.
So at this point it's basically the people's preference that stops DEXs from being massively adopted. And it's no fault of the people. Personally, I don't see any point of using DEXs as of now when compared to CEXs, they fall short on many things. They're slow, Low volumes, higher chances of bugs and issues and if someone from their development team decides to mess things up and get away with all of our money, we wouldn't know who did it and so we are just going to lose our hard-earned monies. So using CEXs for now is great as it does the job and more. Unless they up their game, I won't change from CEXs to DEXs


Title: Re: Why not decentralized exchange..?
Post by: Hypnosis00 on February 23, 2020, 03:17:52 AM
The most common issues that people usually put claims into DEX is because of its safety and security assurance. They are quite low in terms of market volume, price, and traders but we can't deny that these exchanges still become valuable in crypto. But obviously people become more aggressive to adopt and use centralized that may a reason why DEX become obsolete in the future.


Title: Re: Why not decentralized exchange..?
Post by: pooya87 on February 23, 2020, 05:39:59 AM
in my opinion the main reason is that we still haven't seen a truly decentralized exchange that is designed with a very strong backend and is free of bugs.
a truly decentralized exchange is where there is absolutely no middle man and traders trade in a peer to peer manner hence there is no trading fees and as a result the developer won't make any money. this means a truly decentralized exchange would be an open source project without any profit that needs lots of efforts.
so in the end we either see half ass decentralized exchanges where there is still some sort of centralization and you have to pay them fees or poorly designed ones that are not yet mature.
that means DEXes get lower volume so less people go there since it has low volume and that means CEXes remain dominance and have higher volume so more people go there because of the higher volume. it is like a chain of events that won't change unless something in this chain breaks. like when one of these big CEXes scams people.


Title: Re: Why not decentralized exchange..?
Post by: Janation on February 23, 2020, 06:25:41 AM
Both decentralized and centralized exchange have their own advantages.
But I really like the decentralized platform since it doesn't need any personal informations to completely use their platform and it doesn't have any limits.

Yes, this is very important that i think always. In decentralized platform i need not personal information that maximum centralized platform use now a days. Many centralized exchanges that has limits of transaction for personal information and this is very problematic. Problem is there are less decentralized exchanges in market so that we can not exchange as like we do.

I think there are also a lot of them but the problem is that the common exchanges are still used.

With a lot users always visiting to trade, that will be the usual go-to of other traders as well. The one that already raised their name in the community. As decentralized exchanges is also popular, the volume there is not that much unlike popular and common exchanges.


Title: Re: Why not decentralized exchange..?
Post by: Kelvinid on February 23, 2020, 10:23:40 AM
The reason might be like this;
1. Being a professional trader, it is most important to look for a secured exchanger and huge market volume but sadly, DEX couldn't make it really satisfied them. That is why they have to shift into a Centralized one.

2. Casual traders or bounty participants will absolutely sell their coins to any exchanges that their tokens are listed and most of them are listed in Centralize market. And having no option but to use this either rather than to wait that their token will be listed into the other exchanges.


Title: Re: Why not decentralized exchange..?
Post by: Dart18 on February 23, 2020, 02:26:02 PM
The fall of it happened when the features became better from a centralized exchange.
Also, the offer of security and so much more.
When people begun to switch from it, a lot had followed leaving DEX without volume.

So, I guess we should be asking ourselves. Will they even come back from using DEX or they feel like they are at peace now with the new ones?


Title: Re: Why not decentralized exchange..?
Post by: Saisher on February 23, 2020, 03:16:09 PM
I support decentralized exchange because all coins are on equal terms here, it does not exorbitant fees and it's an even playing fields for all the coins in the market those are already in the market and those that are just coming up, I guess we need education because so many newbies do not know how to trade on Decentralized exchange.


Title: Re: Why not decentralized exchange..?
Post by: XCANA on February 23, 2020, 03:53:02 PM
I support decentralized exchange because all coins are on equal terms here, it does not exorbitant fees and it's an even playing fields for all the coins in the market those are already in the market and those that are just coming up, I guess we need education because so many newbies do not know how to trade on Decentralized exchange.

The only problem i found to be reason why many have choose to go centralized instead decentralized is; their user interface are more likely to be odd or not attractive to traders while stay on the exchange. They are slow in loads during accessibility but not found in centralized. They are not user friendly as newbies found difficulties in accessing these exchange.


Title: Re: Why not decentralized exchange..?
Post by: btcholder on February 23, 2020, 04:31:57 PM
I read most of your post and here some points that maximum person think those are the main reasons for decentralized exchange failed to stand up every time.  

- Don't have enough volume for active traders.
- Not mobile friendly.
- Speed of transactions.
- Problem with liquidity.
- Not too much popular than centralized exchange.
- Trust issue.
- Take time to load.
- UI Design.
- Difficult to understand for newbie traders.
- Control of their asset maybe a bit lazy. ;D
 

I guess developers should working on those point if they want to improve decentralized exchange platform for the future. For me specially top five points (marked by red color) are too much important to create an advance decentralized exchange for traders.


Title: Re: Why not decentralized exchange..?
Post by: enhu on February 23, 2020, 04:43:51 PM
I read most of your post and here some points that maximum person think those are the main reasons for decentralized exchange failed to stand up every time.  

- Don't have enough volume for active traders.
- Not mobile friendly.
- Speed of transactions.
- Problem with liquidity.
- Not too much popular than centralized exchange.
- Trust issue.
- Take time to load.
- UI Design.
- Difficult to understand for newbie traders.
- Control of their asset maybe a bit lazy. ;D
 

I guess developers should working on those point if they want to improve decentralized exchange platform for the future. For me specially top five points (marked by red color) are too much important to create an advance decentralized exchange for traders.

Low Volume is more is probably the biggest. I'm willing to use different DEX as I do from TRXmarket to NEWdex to etherdelta, its just that even if you combined all the volme is not enough to match one centralize exchange. There seem to have more users today with blocknet which I think this might just be the first that many will be using.  Been using waves DEX since 2017 but gradually stopped too but will probably do with blocknet serious volume will be accumulated.



Title: Re: Why not decentralized exchange..?
Post by: Findingnemo on February 23, 2020, 06:34:16 PM
In my opinion decentralized is one of the great reason that people love or apriciate bitcoin. I know there is many things too but its not about that or bitcoin. I am not too much experience able person in crypto world but with all my little experience i understand that people want a good project which is decentralized. But my question is then why we don't accept properly decentralized exchange..?

There is many point that people should trade in decentralized exchange. But what is the problem that every time decentralized exchange failed to stand up..? Was it us who don't show much interest about it or it's the outhority who didn't provide to us properly..? Is there any chance that decentralized exchange will stand up..?  

Please share your thoughts.  
But many of the decentralized exchanges are not really decentralized exchanges they were just pseudo DEX that is why in the past we had experienced hacks on DEX which made the trustability to be lowered by the traders so new DEX are not getting enough trading volume to get increased liquidity rate.


Title: Re: Why not decentralized exchange..?
Post by: Dart18 on February 24, 2020, 01:00:19 PM
I read most of your post and here some points that maximum person think those are the main reasons for decentralized exchange failed to stand up every time.  

- Don't have enough volume for active traders.
- Not mobile friendly.
- Speed of transactions.
- Problem with liquidity.
- Not too much popular than centralized exchange.
- Trust issue.
- Take time to load.
- UI Design.
- Difficult to understand for newbie traders.
- Control of their asset maybe a bit lazy. ;D
 

I guess developers should working on those point if they want to improve decentralized exchange platform for the future. For me specially top five points (marked by red color) are too much important to create an advance decentralized exchange for traders.

Low Volume is more is probably the biggest. I'm willing to use different DEX as I do from TRXmarket to NEWdex to etherdelta, its just that even if you combined all the volme is not enough to match one centralize exchange. There seem to have more users today with blocknet which I think this might just be the first that many will be using.  Been using waves DEX since 2017 but gradually stopped too but will probably do with blocknet serious volume will be accumulated.


Yes, your orders will be freaking stuck for a long time.
Who want that?
What choice will you have afterwards?
Of course it is just to go with the flow. Join them in transferring to a centralized exchange rather than waiting there for someone to buy or sell your orders. Also, I see traders who are playing with the price.
Making small orders just so to look like it has a great value or a decreased one.


Title: Re: Why not decentralized exchange..?
Post by: AniviaBtc on February 24, 2020, 03:42:24 PM
I think it is about control in my view. Many investors don't like to be so isolated from their investment that they won't have some control. Centralized exchanges also have achieved volume because of the investors already there so they keep growing.

Because that's the only way the governmeny benefits our cryptocurrency. They can't get taxes from that that's why they are making fees higher in the exchange during transactions and we have nothing to do about it. Centralized exchanges are the only way they think of because they know that cryptocurrency will really improve the economy of a country. Most especially those bitcoin users, the fees are high so they tend to just store it and use it for a larger transactions. Decentralized exchange is someway possible because there are countries that really adopted cryptocurrency. There's something wrong with the government who really want to focus the benefits of crypto to them, still people are unable to utilize or manipulate cryptocurrency freely.

It is more reliable to use DEX but the problem is that the volume is low compared to Centralized Exchange. It think the government just abused the Exchanges so that the economy have something to bring. Even the government wants to implement cryptocurrency but they are not promoting it so it is nonsense. If they really want to benefit the crypto they should help us promoting it in the exchange let there be a decentralized exchange also for those who needs privacy in investing money. 


Title: Re: Why not decentralized exchange..?
Post by: FanEagle on February 24, 2020, 05:33:31 PM
Probably the rate of collapse of decentralized exchanges higher than centralized exchanges. If you notice, even centralized exchanges are getting hacked or exiting by scamming traders money. So, failure of exchanges are happening everywhere not because of decentralized.

Comparatively, the centralized exchanges are new to our crypto community and we are not getting big business people to serve us  in the form of decentralized exchanges and this could be the reason why we are having frequent failure of the decentralized exchanges. As far as I am concerned, after the big success of ethereum and its smart contract features, we started to be having decentralized exchanges.

So, we do not need to worry about frequent failures of decentralized exchanges because it will take time for building some highly reputed decentralized exchanges to serve us for long periods like how coinbase is is doing for years and another good example is bittrex.


Title: Re: Why not decentralized exchange..?
Post by: carlfebz2 on February 24, 2020, 05:49:02 PM
I read most of your post and here some points that maximum person think those are the main reasons for decentralized exchange failed to stand up every time.  

- Don't have enough volume for active traders.
- Not mobile friendly.
- Speed of transactions.
- Problem with liquidity.
- Not too much popular than centralized exchange.
- Trust issue.
- Take time to load.
- UI Design.
- Difficult to understand for newbie traders.
- Control of their asset maybe a bit lazy. ;D
 

I guess developers should working on those point if they want to improve decentralized exchange platform for the future. For me specially top five points (marked by red color) are too much important to create an advance decentralized exchange for traders.

Low Volume is more is probably the biggest. I'm willing to use different DEX as I do from TRXmarket to NEWdex to etherdelta, its just that even if you combined all the volme is not enough to match one centralize exchange. There seem to have more users today with blocknet which I think this might just be the first that many will be using.  Been using waves DEX since 2017 but gradually stopped too but will probably do with blocknet serious volume will be accumulated.


Yes, your orders will be freaking stuck for a long time.
Who want that?
What choice will you have afterwards?
Of course it is just to go with the flow. Join them in transferring to a centralized exchange rather than waiting there for someone to buy or sell your orders. Also, I see traders who are playing with the price.
Making small orders just so to look like it has a great value or a decreased one.
Also the main thing why i dont prefer on using Dex yet i have experience on using wayback before on Etherdelta and some dex. Liquidity or volume would be the main
problem of yours- the lesser the volume/activity the longer the wait for you orders to be filled which do really sucks. On centralized exchange its still the same but it isnt
really that an issue yet you can see the activeness or the numbers of traders which are trading on a particular coins youve been trading so it isnt a problem.
Next is UI, it isnt really that friendly if i were to say.


Title: Re: Why not decentralized exchange..?
Post by: Baoo on February 24, 2020, 11:01:00 PM
There is a huge difference between centralized and decentralized exchanges, that's incomparable in my opinion, also it is too safe in order to use the centralized ones , also everything is easy to undertstand and unfortunately the opposite is true for the decentralized, the newbie who does not have a good knowledge for crytpo field will certainly face a lot of problems when he uses these exchanges,  every trader is searching for the best easy way to earn money  , centralized exchanges are always the best option for that.


Title: Re: Why not decentralized exchange..?
Post by: princerepon on February 25, 2020, 10:06:50 PM
Yes, your orders will be freaking stuck for a long time.
Who want that?
What choice will you have afterwards?
Of course it is just to go with the flow. Join them in transferring to a centralized exchange rather than waiting there for someone to buy or sell your orders. Also, I see traders who are playing with the price.
Making small orders just so to look like it has a great value or a decreased one.

You are 100% right about it. After i created an account in Binance DEX, i try to trade with some popular token like $ONE, $VRAB etc. But it's take so much time for one trade there. And of course lack of volume and trader was the main reason. That's why immediately i transfer my token to Binance CEX exchange. When i stared trade with $ONE there was only two exchange and that was Binance DEX and Binance CEX. That time this token have 1.2$M market cap (24th) and now it's 0$ (in DEX). So you can see why people choose CEX over DEX.


Title: Re: Why not decentralized exchange..?
Post by: dunfida on February 25, 2020, 10:33:11 PM
Yes, your orders will be freaking stuck for a long time.
Who want that?
What choice will you have afterwards?
Of course it is just to go with the flow. Join them in transferring to a centralized exchange rather than waiting there for someone to buy or sell your orders. Also, I see traders who are playing with the price.
Making small orders just so to look like it has a great value or a decreased one.

You are 100% right about it. After i created an account in Binance DEX, i try to trade with some popular token like $ONE, $VRAB etc. But it's take so much time for one trade there. And of course lack of volume and trader was the main reason. That's why immediately i transfer my token to Binance CEX exchange. When i stared trade with $ONE there was only two exchange and that was Binance DEX and Binance CEX. That time this token have 1.2$M market cap (24th) and now it's 0$ (in DEX). So you can see why people choose CEX over DEX.
Volatility difference can really be seen if you try to compare which signifies or proves out the demand between platforms. Dex is good for anonymity but if it do exchange or compromise volume then it wont turns out to be appealing for most traders.Said above that dex doesnt have fiat pairs which is one of the most important feature for an exchange to have yet we know on how much people do prefer on having fiat on every trade they do make.I understand on how someone do fight up for dex but we have see the result afte rhow many years this one been trying to be compared on.


Title: Re: Why not decentralized exchange..?
Post by: Stedsm on February 25, 2020, 10:48:16 PM
I don't see it to be an easy-going fight here because centralized exchanges have already taken over and majority of the bigger share of investors are allocated in centralized exchanges only because Dex lack a lot of features - attraction, looks, speed, no apps, volumes, volatility, less buyers, less users due to no knowledge or understanding of how to use, UI not so friendly, etc. There's a lot to be added to Dex, while we are talking about fiat, let me remind you of a Dex that allowed fiat too but didn't work as expected (I mean it didn't got users attracted to use it and even I was highly optimistic about it but it didn't work) - I'm talking about WavesDex if you remember, it had EUR, USD, RUR (and maybe more fiat currencies available but I'm known to these 3 only).


Title: Re: Why not decentralized exchange..?
Post by: ice098 on February 28, 2020, 09:14:17 PM
In my opinion decentralized is one of the great reason that people love or apriciate bitcoin. I know there is many things too but its not about that or bitcoin. I am not too much experience able person in crypto world but with all my little experience i understand that people want a good project which is decentralized. But my question is then why we don't accept properly decentralized exchange..?

There is many point that people should trade in decentralized exchange. But what is the problem that every time decentralized exchange failed to stand up..? Was it us who don't show much interest about it or it's the outhority who didn't provide to us properly..? Is there any chance that decentralized exchange will stand up..?  

Please share your thoughts.  

What I believed on decentralized exchange, is that they could stand up if there's a strong bonds between coins community and people who supports different contract. My personal experience with one of them like etherdelta was great and I haven't found any problems during that time. What's making it harder now was due to few transactions happening because of low trading volume for each listed crypto, and there's no progress yet on several eth contract tokens.


Title: Re: Why not decentralized exchange..?
Post by: nelson4lov on February 28, 2020, 10:53:21 PM
There is a huge difference between centralized and decentralized exchanges, that's incomparable in my opinion, also it is too safe in order to use the centralized ones , also everything is easy to undertstand and unfortunately the opposite is true for the decentralized, the newbie who does not have a good knowledge for crytpo field will certainly face a lot of problems when he uses these exchanges,  every trader is searching for the best easy way to earn money  , centralized exchanges are always the best option for that.

Exactly. Centralized exchanges have good UI&UX and they're are very easy to get started. Decentralized exchanges aren't newbie friendly as everything has to be taken care of by the user including security of their digital assets, the markets they're actively trading.  One other problem with decentralized exchanges is that they lack volume and volume is one of the decisive  for trading the markets. When there's no volume, the markets hardly make moves. That's why most traders opt for centralized exchanges despite the fact that they're are leaving their funds in someone's custody.


Title: Re: Why not decentralized exchange..?
Post by: Yamifoud on February 28, 2020, 10:57:10 PM
I assume tradres are unable to find their favourite pairs on decentralize exchange.
A usual thing to happen and I experience this.

And the bad thing about DEX, they could only offer less price compare to CEX and that is also a reason why most traders are ignoring DEX. In fact, the growing number of centralizing exchanges will indicate that they are having more market demand in which traders have found it more trading pairs with huge market volume and giving them a chance to gain high. Living in this situation, it will drag traders to use CEX instead of having DEX.

 


Title: Re: Why not decentralized exchange..?
Post by: hirngespenst on March 01, 2020, 08:41:09 PM
I think decentralized exchange has less profit for the developers, so, they don't spend much time to build it like a centralized exchange! You see CEX has a better interface, faster and their customer support is great where in every DEX all of these things are missing. Maybe it is we who can change this scenario. CEX is not safe enough, in every year, many of them face hackings, but DEX has less hack issue. So, if we convert into DEC and start trading there regularly, then I believe DEX will overcome the centralized exchange's value and popularity, which is a need in the crypto market!


Title: Re: Why not decentralized exchange..?
Post by: Yatsan on March 03, 2020, 07:44:48 AM
It's really simple, centralized exchange volume is competitive and fun to trade, the UI is easy to understand and the website itself is fast. I think almost all of the traders want to trade at the biggest exchange which they can maximize their scalping and profit. DEX is complicated for begginers and I think for everyone, the volume is low and it's slow, so why pick something like that, if there's a CEX that is faster and have a bigger volume.


Title: Re: Why not decentralized exchange..?
Post by: justdimin on March 03, 2020, 12:41:40 PM
The "idea" of decentralized exchanges are actually awesome. If we could have a proper one I am sure it would be amazing but the reality is the simple fact that none that we have is providing that perfect situation for us. If there was a decentralized exchange that has everything a decentralized exchange should have existed I am sure that people would flock to it.

Look at binance for example, they created a "dex" of their own but we all know that it is definitely not a full on dex and that is why people are not using it all that much, it had a huge hype when it started and people realized how centralized it is and stopped it as well. So all we need is one great dex and we will get a huge hype to it as well.


Title: Re: Why not decentralized exchange..?
Post by: CryptoYar on March 07, 2020, 07:34:45 AM
Is there any chance that decentralized exchange will stand up..?   
This is the simple answer:
decentralized is a little difficult to use, while centralized is easy to use. I think this is the only reason for which there is not much volume.
You know how important the user interface is


Title: Re: Why not decentralized exchange..?
Post by: Hippocrypto on March 07, 2020, 02:30:33 PM
Is there any chance that decentralized exchange will stand up..?   
This is the simple answer:
decentralized is a little difficult to use, while centralized is easy to use. I think this is the only reason for which there is not much volume.
You know how important the user interface is

It will only be a difficult thing for decentralized exchange if you don't have enough knowledge over the system it has. User interface can be familiarize as long as you're willing to learn without any hassle. That's why you have to see to it that your asset is listed on any of those sites, because if there's no other  exchange catering this type of services.


Title: Re: Why not decentralized exchange..?
Post by: jostorres on March 07, 2020, 04:54:26 PM
I think the only reason not to have a decentralized exchange is that it would not be under the control of anyone in exchange Not everyone can act like this. If it goes completely under the control of the government, a centralized exchange is much better and easier than decentralized exchange Concentration exchanges will gain a lot of popularity as they try to stop it through various hype.
There are some countries who have started showing a significant growth towards cryptocurrency trading including Germany, Korea, India, etc and these countries would only permit centralized exchanges to allow their citizens to trade. This might be a reason why most of the people feel reliable with these centralized exchanges. If we spot some of the most reputable exchanges running for long time than we could see that those are centralized exchanges.

Decentralized exchanges are usually left on the lowest part of the list because they do posses some of the disadvantages. Exchange is a most important part for our trading career and I think we should never trust any random exchange only because it is decentralized. Instead sticking with centralized exchanges would at least keep our funds in safe hands.


Title: Re: Why not decentralized exchange..?
Post by: wozzek23 on March 07, 2020, 08:00:20 PM
There are some decentralized exchanges in the markets but why we do not use them maximum times is because of the low volume and low liquidity rate. We traders always want quick trades which can only be fulfilled with high liquidity exchanges which are mostly been provided by the centralized exchanges.

Most of the decentralized exchanges have minimum amount of traders which would never keep the order books filled. I would love to use a decentralized exchange if it fulfills my requirements but until now I have seen none of such exchange. We also need security about holding our funds and centralized exchanges gives us that security.


Title: Re: Why not decentralized exchange..?
Post by: semobo on March 10, 2020, 11:24:54 AM
Only people who doesn't bother about quick price changes are using decentralized exchange because the liquidity is very low compared to any centralized exchanges so one who wants to make money from the small price movements will always go with an exchange where there is enough trading orders available.

But someday this will change when people lost turst on centralized exchange,until keep using DEX and get familiar with the UI.


Title: Re: Why not decentralized exchange..?
Post by: ScamViruS on March 10, 2020, 12:22:15 PM
The main problem with decentralised exchanges is that there is not enough volume. Most decentralised exchanges are a bit difficult to use, which causes many problems for newbie.

Centralized exchanges have huge volume and are easy to use. There are many exchange have mobile apps. Which easily attracts everyone.


Title: Re: Why not decentralized exchange..?
Post by: Ucy on March 10, 2020, 02:49:54 PM
There are some decentralized exchanges in the markets but why we do not use them maximum times is because of the low volume and low liquidity rate. We traders always want quick trades which can only be fulfilled with high liquidity exchanges which are mostly been provided by the centralized exchanges.

Most of the decentralized exchanges have minimum amount of traders which would never keep the order books filled. I would love to use a decentralized exchange if it fulfills my requirements but until now I have seen none of such exchange. We also need security about holding our funds and centralized exchanges gives us that security.
There are a couple of decentralized exchanges that seem to have handled the Liquidity problem fairly well.... and it appears to be working. There are few other possible solutions to the problem that no one have tried as far as I can tell. One of them is probably too radical that some might find a bit hard to accept.


Title: Re: Why not decentralized exchange..?
Post by: enhu on March 10, 2020, 03:43:23 PM
I read most of your post and here some points that maximum person think those are the main reasons for decentralized exchange failed to stand up every time.  

- Don't have enough volume for active traders.
- Not mobile friendly.
- Speed of transactions.
- Problem with liquidity.
- Not too much popular than centralized exchange.
- Trust issue.
- Take time to load.
- UI Design.
- Difficult to understand for newbie traders.
- Control of their asset maybe a bit lazy. ;D
 

I guess developers should working on those point if they want to improve decentralized exchange platform for the future. For me specially top five points (marked by red color) are too much important to create an advance decentralized exchange for traders.

Low Volume is more is probably the biggest. I'm willing to use different DEX as I do from TRXmarket to NEWdex to etherdelta, its just that even if you combined all the volme is not enough to match one centralize exchange. There seem to have more users today with blocknet which I think this might just be the first that many will be using.  Been using waves DEX since 2017 but gradually stopped too but will probably do with blocknet serious volume will be accumulated.


Yes, your orders will be freaking stuck for a long time.
Who want that?
What choice will you have afterwards?
Of course it is just to go with the flow. Join them in transferring to a centralized exchange rather than waiting there for someone to buy or sell your orders. Also, I see traders who are playing with the price.
Making small orders just so to look like it has a great value or a decreased one.
Also the main thing why i dont prefer on using Dex yet i have experience on using wayback before on Etherdelta and some dex. Liquidity or volume would be the main
problem of yours- the lesser the volume/activity the longer the wait for you orders to be filled which do really sucks. On centralized exchange its still the same but it isnt
really that an issue yet you can see the activeness or the numbers of traders which are trading on a particular coins youve been trading so it isnt a problem.
Next is UI, it isnt really that friendly if i were to say.

Etherdelta and forkdelta has a bad GUI, it took hours before I got use to it.  There was a time that I got some tokens to sell and its just them that listed this token which I got from bounty campaign. I expect the price to be higher but buy orders weren't really enough. Orders where traders will just buy 1 token for 0.0002ETH and few buy orders down is where someone wanna buy 0.00000001ETH per token.  Good thing its P2p


Title: Re: Why not decentralized exchange..?
Post by: rexxarofmoknathal on March 10, 2020, 03:49:35 PM
Decentralised exchanges do exist but despite they are not popular among traders because the transaction time is not quick at all, and imagine for a second that you want to buy/sell at a specific time while the market is still favourable, having low transaction speed/rate would therefore be a problem because by the time the order gets executed the market might have changed. One factor regulating or determining how fast these transactions happed is the low volume available on these exchanges which again comes back to there not being many users. The way I see it, this is a circularised problem


Title: Re: Why not decentralized exchange..?
Post by: matchi2011 on March 10, 2020, 03:55:21 PM
Decentralised exchanges do exist but despite they are not popular among traders because the transaction time is not quick at all, and imagine for a second that you want to buy/sell at a specific time while the market is still favourable, having low transaction speed/rate would therefore be a problem because by the time the order gets executed the market might have changed. One factor regulating or determining how fast these transactions happed is the low volume available on these exchanges which again comes back to there not being many users. The way I see it, this is a circularised problem
That's the point, the timetable for the transaction being executed, it takes time to get traders to jumped in and start buying or selling assets. You have to wait for sometime before you get results from your position. Unlike centralized exchange where more people are dealing with thier investment.


Title: Re: Why not decentralized exchange..?
Post by: travwill on March 10, 2020, 08:52:45 PM
I think the only reason not to have a decentralized exchange is that it would not be under the control of anyone in exchange Not everyone can act like this. If it goes completely under the control of the government, a centralized exchange is much better and easier than decentralized exchange Concentration exchanges will gain a lot of popularity as they try to stop it through various hype.

Centralized exchanges, as a rule, are processes of private businesses, and not state structures. Of course, any private business, if necessary, will be obliged to obey state structures and suspend its activities, which greatly increases the risks of using centralized exchanges without registration or registered in a country with a difficult status of cryptocurrencies.


Title: Re: Why not decentralized exchange..?
Post by: TheUltraElite on March 21, 2020, 06:04:20 AM
decentralized is a little difficult to use, while centralized is easy to use. I think this is the only reason for which there is not much volume.
Usage difficulty is again subjective. Some advanced users are comfortable with the tits bits and like to use every option to vary their trades for the sake of experimentation. Though every UI seems difficult at the first time use, it grows on you with time.

Quote
You know how important the user interface is
Even with a poor interface a CEX can be run easily. BTCAlpha is a mediocre design exchange but it is enough to do the trades while going to Etherdelta for the first time will be hectic for the trader. These things get better with usage from that person and not important when comparing CEX with DEX. The bigger question is the trust issue of DEXs and shutting down of DEX on exit scams - what happens to the money which was on site's wallets then?


Title: Re: Why not decentralized exchange..?
Post by: lu.cipher on March 31, 2020, 12:42:30 AM
Think DEX are useful only to change good altcoin with low fees but most of them don’t have lot of trading volume, so there are cons and pros for every system but i wish in future we can use only decentralized exchange bevause with them we have the right control on the coins


Title: Re: Why not decentralized exchange..?
Post by: TheGreatPython on April 03, 2020, 03:20:35 PM
Speed is actually not as big of a problem as people may think, the biggest problem right now looks like the liquidity and the volume.

When you are in an exchange that is decentralized and the whole volume is 200 bucks, why are you even there? Nobody would want something like that and people eventually move towards something more crowded. Think about it on a centralized exchange the volume would be 600k of the same coin and there is about a 10 million dollars in orders total, same coin has like 2k volume and 50k orders in total at the dapp one, why would you prefer the dex version?

This is literally the only reason why dex doesn't work. How could it work? A dex would be created with millions of dollars in marketing would actually solve this, that way you can have more known and trusted website.


Title: Re: Why not decentralized exchange..?
Post by: akram143 on April 03, 2020, 08:48:03 PM
People have a question in their mind how an exchange can be truly decentralized because they need someone to create the site and run them and many dexs are not completely decentralized since in the past we had witnessed many hacks on DEX as well.So people trust a centralized one which got more volume and security.


Title: Re: Why not decentralized exchange..?
Post by: CryptopreneurBrainboss on April 03, 2020, 10:14:09 PM
To answer your question directly, I don't think we have had any true decentralized exchange that doesn't have feature of centralized operation so you don't have to blame the commuywhwn we reject this exchanges popping up every now and then. We want decentralized exchange that are actually decentralized and not centralized piece of shit claiming to be decentralized.

If you observe carefully, over the last 3years, many exchanges have succeeded in deceiving many newbies into thinking they're actually using a decentralized system and suddenly get slammed with different limit associated with centralized exchanges like their geographical region getting banned or KYC verification to access their funds etc. When a system is truely decentralized, it won't require any third party system to function effectively. Lets not deceive ourselves if we truly want the best for the industry.


Title: Re: Why not decentralized exchange..?
Post by: kakonhat on April 04, 2020, 11:50:02 AM
There is a mane problem to use a centralized exchange is KYC verification. One the other hand we could face a problem at any time about an account issue. Such as, I faced a problem when my Gmail account was disabled by Google. To proof me the centralized took almost one month time. However, I always like to trade in a decentralized exchange if possible. But We can't see any popular decentralized exchange according the volume which we we can in a centralized exchange.


Title: Re: Why not decentralized exchange..?
Post by: Sadlife on April 04, 2020, 12:03:05 PM
Probably most decentralize exchange fails in comparison with a centralize one because it lacks it features and convenience and mostly has tons of feature like withdrawal and deposits and most insecure and vulnerable to attacks. In fact and i've seen decentralize exchange becoming a target by hackers and mostly news in cointelegraph.


Title: Re: Why not decentralized exchange..?
Post by: South Park on April 04, 2020, 03:44:00 PM
Probably most decentralize exchange fails in comparison with a centralize one because it lacks it features and convenience and mostly has tons of feature like withdrawal and deposits and most insecure and vulnerable to attacks. In fact and i've seen decentralize exchange becoming a target by hackers and mostly news in cointelegraph.
That is without a doubt one of the most important reasons, the moment we have a decentralized exchange with most of the features and ease of use that centralized exchanges have then that DEX will see a lot of users coming to its platform, but another issue is the lack of volume, if we compare the volume of a centralized exchange and a decentralized exchange there is a huge difference and any trader that has a decent amount of capital cannot really use a DEX even if he wants to do it.


Title: Re: Why not decentralized exchange..?
Post by: buwaytress on April 05, 2020, 07:12:23 AM
Lets not deceive ourselves if we truly want the best for the industry.

Truth is, and I know because I've asked. The less people actually use Bitcoin, the less people actually believe in Bitcoin and the more they see crypto as a purely speculatory asset, the less they actually want things to be decentralized.

People still want to be protected. They want to be comforted. They want to go to bed at night thinking that some big corporate or state entity is benevolent and takes care of their funds for them. And how not to be comforted especially in times of crisis when states start handing out care packages and stimulus money?

Sad, but true. CEX will be their preferred way for a long, long time.


Title: Re: Why not decentralized exchange..?
Post by: Negotiation on April 05, 2020, 07:56:09 AM
Think DEX are useful only to change good altcoin with low fees but most of them don’t have lot of trading volume, so there are cons and pros for every system but i wish in future we can use only decentralized exchange bevause with them we have the right control on the coins


They can control the coin properly but these currencies lose their place as currency prices fall In my opinion the decentralized exchange site is good. They are not under anybody's control However because of the low price of coins decentralization is not exchanged.


Title: Re: Why not decentralized exchange..?
Post by: Polar91 on April 05, 2020, 08:50:53 AM
In my opinion decentralized is one of the great reason that people love or apriciate bitcoin. I know there is many things too but its not about that or bitcoin. I am not too much experience able person in crypto world but with all my little experience i understand that people want a good project which is decentralized. But my question is then why we don't accept properly decentralized exchange..?

There is many point that people should trade in decentralized exchange. But what is the problem that every time decentralized exchange failed to stand up..? Was it us who don't show much interest about it or it's the outhority who didn't provide to us properly..? Is there any chance that decentralized exchange will stand up..?  

Please share your thoughts.  
I think the main reason why almost all of traders including whales is because of the convenience and services that centealized exchanges give to its users. They kinda prefer to pay more for someone's service as it doesn't make much difference.

The other reason is that the infrastructures of decentralized exchange isn't doesn't satisfy it's users very well. Some users also consider it complicated to used though.


Title: Re: Why not decentralized exchange..?
Post by: Wh00re on April 07, 2020, 03:00:49 PM
DEX's are way safer to use in any aspect, but takes time to get used to. The advantage is you don't need to send your money anywhere, at least not if you trade through the BLOCK DX Exchange. Soon their Litewallet will be ready, meaning you can trade without syncing chains on your own, which will be way more user friendly for everyone.

There's more info on the DEX itself right here for anyone interested: https://blockdx.com/


Title: Re: Why not decentralized exchange..?
Post by: LbtalkL on April 07, 2020, 11:44:35 PM
Yeah, I notice that also, majority of the people I know including myself wants decentralization but most of us used centralized exchanges, Maybe because centralized exchanges have more coins listed on it with more volume and easy to trade and gain profit at a fast pace, orders are executed immediately unlike on DEX sometimes your orders are stock in there for hours. The only thing which I think is good about DEX is, it is safer because the funds are just stored on our wallet.


Title: Re: Why not decentralized exchange..?
Post by: RealMalatesta on April 10, 2020, 12:42:02 PM
The owners of decentralized exchanges don’t put much effort in promoting their songs, I don’t know if it’s because they are not benefiting much or what, but centralized exchanges are always hell serious with promoting their sites and lots of people, especially newbies, are likely to come across their sites and make use of it.

Another thing that I think is causing Centralized exchanges to be gaining popularity is their ease of use; Coinbase is one of the easiest any one can use in trading cryptocurrency of their choice. It’s not as difficult as when you’re using a decentralized exchange.


Title: Re: Why not decentralized exchange..?
Post by: Yatsan on April 10, 2020, 03:46:53 PM
Yeah, I notice that also, majority of the people I know including myself wants decentralization but most of us used centralized exchanges, Maybe because centralized exchanges have more coins listed on it with more volume and easy to trade and gain profit at a fast pace, orders are executed immediately unlike on DEX sometimes your orders are stock in there for hours. The only thing which I think is good about DEX is, it is safer because the funds are just stored on our wallet.
As for me that is using centralized exchanges more often, I notice how quick the transaction is, the higher liquidity of assets and the volume trade is so much more compare to decentralized ones, perhaps that's the edge of having centralized ones. But one thing is bothering me, centralized exchanges are being handle by the CEO of the exchange and his groups so if it happens that they are screwed then the consequences will be faced by us, the clients. So guys like me better to read the policy and agreements. However I've never encounter any failures yet so I'mma stick with using it.


Title: Re: Why not decentralized exchange..?
Post by: CHENIEN on April 11, 2020, 12:40:30 PM
many trading companies are satisfying to use to a certain kind of centralize and decentralize exchange especially on authorize market. Centralize is commonly using fiat-to-crypto currency as cash in and cash out, this trading platform is more on a challenge and need a large number of traders with potential to attract buyer and seller and decentralize is commonly use peer to peer challenge to exchange as digital cash payment.


Title: Re: Why not decentralized exchange..?
Post by: Oilacris on April 11, 2020, 08:51:22 PM
Yeah, I notice that also, majority of the people I know including myself wants decentralization but most of us used centralized exchanges, Maybe because centralized exchanges have more coins listed on it with more volume and easy to trade and gain profit at a fast pace, orders are executed immediately unlike on DEX sometimes your orders are stock in there for hours. The only thing which I think is good about DEX is, it is safer because the funds are just stored on our wallet.

Everything is very simple.
Centralized exchanges provide significantly more options than their decentralized counterparts.
That is why most are prepared to put up with security issues in exchange for expanded trading opportunities.
Right! Decentralization is what most preferred but not all features are available thats why people do end up on using centralized one in spite of
the risk attached with it and thats why we do see a few decentralized platforms and this market had been dominated by custodial platforms.
Im not saying they arent good but people do able to see the features which would really be useful into their trading thats why
they do neglect out the difference or simply the risk.


Title: Re: Why not decentralized exchange..?
Post by: Mrengage on April 11, 2020, 10:41:12 PM
I think as we advanced in the crypto world today we get to know more and more definitely I believe a change will come someday in that aspect of the decentralized exchange. And secondly, A decentralized exchange (DEX) is a cryptocurrency exchange that operates in a decentralized way, i.e., without a central authority. Decentralized exchanges allow peer-to-peer trading of cryptocurrencies. Because users do not need to transfer their assets to the exchange, decentralized exchanges reduce the risk of theft from the hacking of exchanges. But with all of this, things change over time and fade away.


Title: Re: Why not decentralized exchange..?
Post by: Kelvinid on April 11, 2020, 11:04:02 PM
Because users do not need to transfer their assets to the exchange, decentralized exchanges reduce the risk of theft from the hacking of exchanges. But with all of this, things change over time and fade away.
Who makes the transfer? Isn't magic or anything...
Its either DEX or CEX exchanges never give such assurance. The risk of losing our account is not also because of them but of course, ourselves who manage it. A reason why a lot of traders are using CEX than having DEX is not only about the security reason but it is all about the price and market volume which CEX has it more than DEX. And this thing is a big consideration that being a trader must have to look by.


Title: Re: Why not decentralized exchange..?
Post by: hulla on April 12, 2020, 10:29:43 PM
Because users do not need to transfer their assets to the exchange, decentralized exchanges reduce the risk of theft from the hacking of exchanges. But with all of this, things change over time and fade away.
Who makes the transfer? Isn't magic or anything...
DEX exchange sites have no access to users funds, private keys and the trading activities are done on the Ethereum blockchain while the exchange site works just like Escrow services between the buyer/seller.

Its either DEX or CEX exchanges never give such assurance. The risk of losing our account is not also because of them but of course, ourselves who manage it.
As you said, the whole secure level of wallet of wallet depend on the wallet owner.

A reason why a lot of traders are using CEX than having DEX is not only about the security reason but it is all about the price and market volume which CEX has it more than DEX. And this thing is a big consideration that being a trader must have to look by.
You're right because almost all DEX lack liquidity, volume and a good price but it the best place to buy token/coin at best bottom price in the market.


Title: Re: Why not decentralized exchange..?
Post by: pankaj1234 on April 13, 2020, 05:24:09 AM
In my opinion decentralized exchanges are much more popular amongst trader then centralized exchange because no one can control over them. Deposit and withdrawal are instant. Main thing is using this platforms traders fund are safe. people hold their private key or memonic to use these exchanges. DEX exchange sites have no access to users funds, private keys and the trading activities are done on the Ethereum blockchain while the exchange site works just like Escrow services between the buyer/seller.
So in my point of view decentralized exchanges are best improvement in Cryptocurrencies world


Title: Re: Why not decentralized exchange..?
Post by: FanEagle on April 13, 2020, 08:10:09 AM
In my opinion decentralized exchanges are much more popular amongst trader then centralized exchange because no one can control over them. Deposit and withdrawal are instant. Main thing is using this platforms traders fund are safe. people hold their private key or memonic to use these exchanges.
No. I still prefer trading on centralized exchanges. Unlike you have mentioned, the decentralized exchanges are not fully operating in decentralized manner and operators still have control over our funds. I agree that deposit and withdraw are instant but there is no proven facts to assume about the security of our funds to be safer because we have seen lots of hacking happen in decentralized exchanges as well.

DEX exchange sites have no access to users funds, private keys and the trading activities are done on the Ethereum blockchain while the exchange site works just like Escrow services between the buyer/seller.
You're sounding like P2P kind of transactions are happening in decentralized exchanges but actually the seller/buyer needs to transfer the funds to exchange's addy before the happening of execution of orders. It means the decentralized exchanges will take over the control of our funds before the actual business to be happening. I agree this is kind of escrow services but this is how centralized exchanges are working for years.

in my point of view decentralized exchanges are best improvement in Cryptocurrencies world
Decentralized exchanges are invention after dapps. If there is no such platform like ethereum for providing smart contract things, then we cannot think about having decentralized exchanges.


Title: Re: Why not decentralized exchange..?
Post by: sheenshane on April 13, 2020, 11:59:20 AM
In my opinion decentralized exchanges are much more popular amongst trader then centralized exchange because no one can control over them. Deposit and withdrawal are instant. Main thing is using this platforms traders fund are safe. people hold their private key or memonic to use these exchanges.
No. I still prefer trading on centralized exchanges...
We are the same taste!
I also prefer the centralized crypto exchange because you can easily trade in any pair of coins. Yes, that is greater higher liquidity. An exchange that a high volume of trade per coins can also make fast trades to have quick transactions and fast of making a profit.

A decentralized exchange is good but I won't recommend this to all newbies. There are many crucial steps in the decentralized exchange that should newbies know first.

I've stated before to another thread about my insight of DEX and CEX.
Here is my short insight between them.
Decentralize:
  • Not recommendable to newbies
  • Low liquidity
  • Anonymous/Anonymity
  • You have a full control of your fund

Centralized:
  • Easy to use by newbies and has advance feature
  • Good in terms of Liquidity
  • They are the third party between traders and they are controlling your fund, not you
  • Collecting your personal identities and should pass KYC

Now, you think which better for you.


Title: Re: Why not decentralized exchange..?
Post by: Natalim on April 13, 2020, 12:06:27 PM
@sheenshane, I think  I like the feature of the decentralized exchange as we are in control of our funds, the only problem is that it has less liquidity and traders cant enjoy trading the assets with high volume. I believe if there are popular DEX in the future they will prefer using it as they can enjoy the what crypto is all bout, anonymity and you own the coins you trade, that's better for me.


Title: Re: Why not decentralized exchange..?
Post by: desticy on April 20, 2020, 11:17:25 PM
In my opinion, many posts have already been written on the topic of decentralized exchanges, most of which are devoted to the problems that are currently present in this environment.
As you know, the biggest of the problems with this type of exchange is the problem with liquidity, as well as speed.

Of course, I understand that such exchanges are the safest, but the difficulty lies in the fact that the user must not be mistaken when choosing a site so as not to get to the phishing link of the clone site.

Due to the fact that detailed exchanges can ask for private keys or a wallet connection separately, all this increases the complexity of interacting with the DEX exchange for ordinary users who do not want additional and time-consuming to understand all the intricacies of the system.


Title: Re: Why not decentralized exchange..?
Post by: enhu on April 21, 2020, 07:46:36 AM
In my opinion, many posts have already been written on the topic of decentralized exchanges, most of which are devoted to the problems that are currently present in this environment.
As you know, the biggest of the problems with this type of exchange is the problem with liquidity, as well as speed.

Of course, I understand that such exchanges are the safest, but the difficulty lies in the fact that the user must not be mistaken when choosing a site so as not to get to the phishing link of the clone site.

Due to the fact that detailed exchanges can ask for private keys or a wallet connection separately, all this increases the complexity of interacting with the DEX exchange for ordinary users who do not want additional and time-consuming to understand all the intricacies of the system.


Hard to learn when you are used to centralized. P2P just isn't the kind of market for some especially if you have to buy CPU and RAM.
I'm starting to like some decentralized exchanges after finding some tokens that have potentials, its just the liquidity that makes it less attractive.

The expectation that collateralized stablecoins will improve that liquidity in decentralized exchanges is high but there is just more controversy going on in Defi.


Title: Re: Why not decentralized exchange..?
Post by: TheUltraElite on April 28, 2020, 06:37:47 AM
Rather, it all comes down to the issue of risks.
Risks are there in both. Both can get hacked. CEX is more prone to extort your KYC at one time. DEX is more prone to shutting down and exit scamming. Which path do you want to take? Rather a local CEX of your country which follow legal bindings - give them your KYC and use it at ease with local currency than getting your money in limbo with no authorities to report it to?
 
Quote
If it is likely that deposits will be equal to 50% for each, many of them must pay a deposit even a small amount.
There is no discrepancy of deposits on either of CEX or DEX, individual sites may vary but I dont think any of the exchanges have any deposit fee as caution money or so. Did I miss out on your point?

Quote
However, now everyone believes that the probability of breaking into large exchanges is less than 1%.
You mean getting hacked? This probability is always there and the only way to prevent it is to stop using the exchanges which is practically not possible. What is practically possible to not store coins on exchanges for long duration.


Title: Re: Why not decentralized exchange..?
Post by: enhu on April 28, 2020, 06:50:04 AM
Rather, it all comes down to the issue of risks.
Risks are there in both. Both can get hacked. CEX is more prone to extort your KYC at one time. DEX is more prone to shutting down and exit scamming. Which path do you want to take? Rather a local CEX of your country which follow legal bindings - give them your KYC and use it at ease with local currency than getting your money in limbo with no authorities to report it to?
 
Quote
If it is likely that deposits will be equal to 50% for each, many of them must pay a deposit even a small amount.
There is no discrepancy of deposits on either of CEX or DEX, individual sites may vary but I dont think any of the exchanges have any deposit fee as caution money or so. Did I miss out on your point?

Quote
However, now everyone believes that the probability of breaking into large exchanges is less than 1%.
You mean getting hacked? This probability is always there and the only way to prevent it is to stop using the exchanges which is practically not possible. What is practically possible to not store coins on exchanges for long duration.

DEX shutting down isn't much of a risk if traders will b using the noncustodial wallets, all the tokens stay in the wallet, the problem with DEX is the liquidity pool. But they are up to fast-forward the development of stablecoins and pool, the working DEX in TRX and EOS are almost competing already like what we had in the early days of BTC.

Some risks are in the 3rd party wallets for example the browser extensions like the metamasks or the EOS and tron browser wallets, they could be compromised upon downloading.


Title: Re: Why not decentralized exchange..?
Post by: Shallow on May 25, 2020, 08:19:46 PM
In my opinion decentralized is one of the great reason that people love or apriciate bitcoin. I know there is many things too but its not about that or bitcoin. I am not too much experience able person in crypto world but with all my little experience i understand that people want a good project which is decentralized. But my question is then why we don't accept properly decentralized exchange..?

There is many point that people should trade in decentralized exchange. But what is the problem that every time decentralized exchange failed to stand up..? Was it us who don't show much interest about it or it's the outhority who didn't provide to us properly..? Is there any chance that decentralized exchange will stand up..?  

Please share your thoughts.  

First and foremost the major reason why most people don't trade or use Decentralized Exchanges (DEX) frequently is because of volume and nothing more, and this is where centralized exchanges have upper hand. That is to say, if decentralized exchanges can solve this issue of volume and maybe make it more user friendly, more people will be attracted. Also it is not us but the authorities (creators of the Dex) because if the right thing is being done there is no reason why most people won't use it. Lastly, I believe as the crypto space is still growing, there will come a time when decentralized exchanges will be enhanced and be highly used since there is little to no funds security challenges associated with them.


Title: Re: Why not decentralized exchange..?
Post by: Piston on May 26, 2020, 03:21:22 AM
The real market of decentralized exchange is an exchange market that does not rely on a third-party service to hold the customer's funds. Instead, trades occur directly between users through is automated process of the exchange. Decentralized exchanges allow peer to peer trading of cryptocurrencies.


Title: Re: Why not decentralized exchange..?
Post by: Lorence.xD on May 26, 2020, 03:35:59 AM
First and foremost the major reason why most people don't trade or use Decentralized Exchanges (DEX) frequently is because of volume and nothing more, and this is where centralized exchanges have upper hand. That is to say, if decentralized exchanges can solve this issue of volume and maybe make it more user friendly, more people will be attracted. Also it is not us but the authorities (creators of the Dex) because if the right thing is being done there is no reason why most people won't use it. Lastly, I believe as the crypto space is still growing, there will come a time when decentralized exchanges will be enhanced and be highly used since there is little to no funds security challenges associated with them.
If decentralized exchange solved their problem with volumes, wouldn't it mean that they become centralized? I am curious because I want to know more and I am still learning more about something, in my opinion, having a decentralized exchange wouldn't make things any better, there is security on centralized and they are monitored by an authority. I agree that the crypto space is growing but there is something imminent threat that is affecting technology as a whole, and that is that the current computing power is slowly going on a plateau which means that an advancements in anything related to computing and technology is in peril, good thing about it though is people are aware of this and are making progress with quantum computing.


Title: Re: Why not decentralized exchange..?
Post by: Lizzylove1 on May 27, 2020, 03:53:44 PM
People need to be taught how decentralized exchange works, it's not the conventional system an average person is use to. Some friends who entered Crypto before me are scared of using Dex and hence I help them to buy and sell when the perticular token is not available on Cex. Another shortfall of Dex is the low liquidity issue.


Title: Re: Why not decentralized exchange..?
Post by: enhu on May 27, 2020, 07:41:06 PM
People need to be taught how decentralized exchange works, it's not the conventional system an average person is use to. Some friends who entered Crypto before me are scared of using Dex and hence I help them to buy and sell when the perticular token is not available on Cex. Another shortfall of Dex is the low liquidity issue.

The p2p market by its nature will really make it difficult for anyone to use. Its the same situation to people who will sold their tokens with low volume in the centralize exchange, they will also find it difficult to profit for he has to pick several orders down to low ballers who are there to only ripp token holders.


Title: Re: Why not decentralized exchange..?
Post by: Zemomtum on May 27, 2020, 11:53:55 PM
Decentralized exchanges are still lacking volume and those in existence are struggling as compared to the centralized one.


Title: Re: Why not decentralized exchange..?
Post by: Negotiation on May 28, 2020, 03:16:17 AM
Supports peer trading on decentralized exchanges in which case many are not able to understand it And centralization is not a choice when it comes to making cash in transactions. But there are many problems with trading on dex, most of the tokens are stuck here and many people do not use it because of the KYC exchange rate is low Crypto exchanges use many complex methods index and liquidity causes problems.


Title: Re: Why not decentralized exchange..?
Post by: hv_ on May 28, 2020, 08:57:12 AM
things must be legal compliant - show how that s possible with a dex

no go, you just getting fcked by criminals


Title: Re: Why not decentralized exchange..?
Post by: JAndelin on May 30, 2020, 12:34:26 AM
The closest thing I've seen to a "decentralized exchange" is the CoinLock platform, which was recently launched.  It is peer-to-peer trading, so that are no exchange fees.  I've been trading on it about a week, and I'm very impressed.  The address is coinlock.com


Title: Re: Why not decentralized exchange..?
Post by: lobo13hf on May 30, 2020, 02:09:38 AM
Decentralized exchanges are still lacking volume and those in existence are struggling as compared to the centralized one.
The trend has already reversed and some dex have been getting more and more demand and liquidity. People have already started to stick into the decentralized exchange site. Everyone needs to forget about binance dex as it's only selling gimmick to be the truly dex.

This time CEX is not always become the main choice.


Title: Re: Why not decentralized exchange..?
Post by: cabron on May 30, 2020, 03:29:33 AM
Decentralized exchanges are still lacking volume and those in existence are struggling as compared to the centralized one.
The trend has already reversed and some dex have been getting more and more demand and liquidity. People have already started to stick into the decentralized exchange site. Everyone needs to forget about binance dex as it's only selling gimmick to be the truly dex.

This time CEX is not always become the main choice.

There is more to DEX today because people are now worried about their privacy, they now realized submitting KYC data to CEX is the worse mistake they did. And the whales are also worried about their wealth gonna be checked by the government so they now being to login on DEX. This is where platforms like TRON, ONT, WAVES, WAX, EOS, and etc will start gaining interest from investors too.


Title: Re: Why not decentralized exchange..?
Post by: TheUltraElite on June 15, 2020, 10:38:28 AM
Another shortfall of Dex is the low liquidity issue.
What about the trust issue? For a CEX at least you have a legal ground to fight for in case they turn to scam. But for a DEX, whom are you going to hunt for? The owners are anonymous and there is not country from where the DEX is registered. I dont know if things have changed about DEXes nowadays since I dont trade on them much but if it is still like that then the risk is there.

Because the crypto exchange system is completely unregulated just like crypto itself, we can see exorbitant listing fees (like Binance did), sudden exit scam of exchanges and so on.

But the thing is people want to buy and so these exchanges thrive. It is definitely a wild west type of thing.


Title: Re: Why not decentralized exchange..?
Post by: roman100 on June 15, 2020, 04:04:28 PM
Decentralized exchange is an exchange market that does not rely on a third-party service to hold the customer's funds. decentralized exchange can be had administrative functions such as the ability to freeze tokens and upgrade the smart contracts that make the exchange work.


Title: Re: Why not decentralized exchange..?
Post by: judaspriest on June 15, 2020, 04:10:13 PM
Decentralized exchange doesn't seem to be able to dominate the market yet, even though there is Binance Dex I think that step is not enough, and maybe in the next few years decentralized exchange will become popular


Title: Re: Why not decentralized exchange..?
Post by: tbterryboy on June 15, 2020, 05:07:26 PM
There are good decentralized exchanges and they are still standing strong, though centralized exchanges are gaining more attention than the DEX do. LocalBitcoin is a decentralized exchange, same thing with Paxful and some others I can’t remember their name.

A lot of people, especially the newbies are don’t make use of decentralized exchanges because they are not friendly to noobs, they always find it difficult to get the hang of it. And as time goes on, these people will then get used to centralized exchanges and switching to a decentralized exchange will be a difficult thing for them to do.

And if you compare centralized exchanges to DEX, the centralized ones are always better in lots of ways, including in features they have to offer in securities, storage, etc. That’s why a lot of people tend to prefer them than DEX.


Title: Re: Why not decentralized exchange..?
Post by: carlfebz2 on June 15, 2020, 08:06:40 PM
Another shortfall of Dex is the low liquidity issue.
What about the trust issue? For a CEX at least you have a legal ground to fight for in case they turn to scam. But for a DEX, whom are you going to hunt for? The owners are anonymous and there is not country from where the DEX is registered. I dont know if things have changed about DEXes nowadays since I dont trade on them much but if it is still like that then the risk is there.

Because the crypto exchange system is completely unregulated just like crypto itself, we can see exorbitant listing fees (like Binance did), sudden exit scam of exchanges and so on.

But the thing is people want to buy and so these exchanges thrive. It is definitely a wild west type of thing.


You got the point but doesnt mean that Centralized ones would be able for us to trace out easily if they turned out to be a scam even if their owners had been known but at least theres a slight chance
for some recovery but i do still remember on what happened on Quadriga too thats why theres always a risk involved into this kind of situation.

The difference about DEX nowadays is really basing on up liquidity/volume.They are really on that big gap between Cex ones this is why people do really choose up because they can able to
deal with Fiat transactions neither inbound or outbound.

We love decentralization but on for this matter then its really hard to resist on what Centralized exchanged do give out.


Title: Re: Why not decentralized exchange..?
Post by: milandres0207 on June 16, 2020, 02:22:50 AM
I had been here in cryptocurrency for a couple of years. I always said too that it is much better to use a decentralized exchange rather than the exchange where it is not DEX. But I noticed for myself, that even I always mentioned every time I do a trade I always used exchange that is not DEX. Where I ate what I always mentioned, I hope you get my point in this one.


Title: Re: Why not decentralized exchange..?
Post by: LeGaulois on June 16, 2020, 04:07:16 PM
...

Sorry to break your belief but LocalBitcoin is not decentralized. You confuse because it's a P2P marketplace. Now ask yourself the following questions? Who owns the servers, who take decisions? who can freeze your account and confiscate your bitcoins? who can vote? To all those questions you can reply, "at least not me/us"
How can it be decentralization when only one side has the power

Now in terms of security, since you think CEXs are safer than DEXs: How many CEXs got hacked and how many DEXs got?
CEXs are more vulnerable to hacking, especially since the majority lacks of fundamental securities

...

Nobody asked the definition of a decentralized exchange here.

...

Yes sure, when people will realize what it's like to let governments regulate this industry, accept KYC, pay taxes, and be restricted from using it...
They will look for an alternative by using a decentralized exchange while staying under the radars


Title: Re: Why not decentralized exchange..?
Post by: rathaha10 on June 16, 2020, 10:16:47 PM
In my opinion decentralized is one of the great reason that people love or apriciate bitcoin. I know there is many things too but its not about that or bitcoin. I am not too much experience able person in crypto world but with all my little experience i understand that people want a good project which is decentralized. But my question is then why we don't accept properly decentralized exchange..?

There is many point that people should trade in decentralized exchange. But what is the problem that every time decentralized exchange failed to stand up..? Was it us who don't show much interest about it or it's the outhority who didn't provide to us properly..? Is there any chance that decentralized exchange will stand up..?  

Please share your thoughts.  

No doubt, going by the vision of decentralization behind cryptocurrency and blockchain, it is a fact that decentralized exchanges are the idea exchanges for the entire crypto exchange, however various decentralized exchanges how seen breeds lots of deficit and inefficiencies from low trading volume and liquidity to lack of proper security, flexibility and limited trading pairs


Title: Re: Why not decentralized exchange..?
Post by: hv_ on June 18, 2020, 03:14:37 PM
What exactly is really 'decentral' ?  What hype is run with that ...


Title: Re: Why not decentralized exchange..?
Post by: Natalim on June 18, 2020, 11:15:43 PM
What exactly is really 'decentral' ?  What hype is run with that ...

My own definition of decentralized exchange is that any coin be present in the exchange and traders does not need to comply with KYC requirement, so we can trade anonymous unlike in centralized exchange where we are like bank clients. Unfortunately, things has change, with the government regulation, slowly the anonymity idea is not that attractive anymore, so some exchange even if DEX as introduce but not really a DEX in reality, good example is Binance DEX where some countries based on IP address are not allowed to access the site.


Title: Re: Why not decentralized exchange..?
Post by: hv_ on June 19, 2020, 05:37:07 PM
What exactly is really 'decentral' ?  What hype is run with that ...

My own definition of decentralized exchange is that any coin be present in the exchange and traders does not need to comply with KYC requirement, so we can trade anonymous unlike in centralized exchange where we are like bank clients. Unfortunately, things has change, with the government regulation, slowly the anonymity idea is not that attractive anymore, so some exchange even if DEX as introduce but not really a DEX in reality, good example is Binance DEX where some countries based on IP address are not allowed to access the site.

If you accept coins from anonymous you ll never can proof real ownership and help more criminals than you might hope it helps anyhow for your own privacy


Title: Re: Why not decentralized exchange..?
Post by: Assface16678 on June 20, 2020, 10:26:19 AM
I think this may cause a lot of trouble if the exchange must be decentralized because there are a lot of things may happen let us take a look

Front end
If there are some bugs may happen on the front end like the inappropriate labels and text on the field it may cause a lot of trouble to the users and mistakes on the program

Back end
If the database is decentralized no one will manage to fix the bugs happens on the control panels and most of the function may cause a lot of bugs, errors, and server time error on the system which is not good if you are a user wants to make a transaction or pulling out your money on it

Those are the commons you can face if there is no someone maintain the information, data, UX / UI and other functions of the exchanges.


Title: Re: Why not decentralized exchange..?
Post by: TheUltraElite on July 05, 2020, 04:49:59 AM
for some recovery but i do still remember on what happened on Quadriga too thats why theres always a risk involved into this kind of situation.
What happened with QuadriCEX is one of a kind. I am sure that a similar method was being followed in other exchanges too but after that incident they probably changed their systems.

Quote
The difference about DEX nowadays is really basing on up liquidity/volume.They are really on that big gap between Cex ones this is why people do really choose up because they can able to deal with Fiat transactions neither inbound or outbound.
Both Liquidity and trust are important IMO. Its more a speculation at this stage because we have not see any more development of a new kind in the exchanges sector but we have seen what people use mostly and that is CEXes that their currency supports.

Quote
We love decentralization but on for this matter then its really hard to resist on what Centralized exchanged do give out.
For exchanging, truly decentralization is probably a myth.


Title: Re: Why not decentralized exchange..?
Post by: taunitsed on January 14, 2021, 09:28:26 PM
i think the real successful future for decentralized exchanges in coming now. i also strongly believe in dex, and the reason why they weren't successful is because of unreadiness technical and fintech tools for them. but now i'm looking for nice dex projects and try to get their tokens


Title: Re: Why not decentralized exchange..?
Post by: Shasha80 on January 14, 2021, 10:26:34 PM
Based on my experience using decentralized exchanges, usually the available pairs are limited. Likewise, the number of tokens available is
still small compared to centralized exchanges. Even the features of decentralized exchanges are incomplete, and the display is less user friendly.
Usually traders want to monitor the movement of tokens they have at any time, unfortunately the decentralized exchanges don't have a mobile app
yet. Then the most important thing is that decentralized exchanges cannot cashout to bank accounts, this is also the reason why I am more
comfortable using centralized exchanges.


Title: Re: Why not decentralized exchange..?
Post by: dunfida on January 14, 2021, 10:40:31 PM
i think the real successful future for decentralized exchanges in coming now. i also strongly believe in dex, and the reason why they weren't successful is because of unreadiness technical and fintech tools for them. but now i'm looking for nice dex projects and try to get their tokens
Its not that but rather on completely dealing with fiat to crypto or crypto to fiat transactions this is the main reason on why DEX arent really getting that much of traction or interest
but somehow their existence is what we do prefer for but there are really services which people do really still rely into this one thats why dex market isnt really
getting on what we do anticipate on.Just let it be and as long there were users of this marketplaces we could really still have an option on which one
would be used, it will really be according into our needs and preference.


Title: Re: Why not decentralized exchange..?
Post by: imstillthebest on January 14, 2021, 11:09:27 PM
Based on my experience using decentralized exchanges, usually the available pairs are limited. Likewise, the number of tokens available is
still small compared to centralized exchanges. Even the features of decentralized exchanges are incomplete, and the display is less user friendly.
Usually traders want to monitor the movement of tokens they have at any time, unfortunately the decentralized exchanges don't have a mobile app
yet. Then the most important thing is that decentralized exchanges cannot cashout to bank accounts, this is also the reason why I am more
comfortable using centralized exchanges.
i agree that most dexes are harder to understand because i also use alot of dexes before but if i now understand harder dexes completly,  others can too .
its only a matter of hardwork and not being lazy to learn but i did not know that there are many lacks or lackings that decentralize exchange have aside from its a bit hard to use but thanks for bringing them all up and i thought before that dexes are a home for the tokens and altcoins but is that true that theres so many tokens and alts lack on all dexes ?.


Title: Re: Why not decentralized exchange..?
Post by: Renampun on January 15, 2021, 10:10:38 PM
I comment based on my experience...
As an active trading person, I don't like decentralized exchanges, the reason I don't have much is all because the features displayed are not as complete as CEX, and also the trading volume is not as big as CEX.


Title: Re: Why not decentralized exchange..?
Post by: Ryker1 on January 15, 2021, 11:11:43 PM
I comment based on my experience...
As an active trading person, I don't like decentralized exchanges, the reason I don't have much is all because the features displayed are not as complete as CEX, and also the trading volume is not as big as CEX.
Well, perhaps you mean is decentralized exchange has limited coins to trade not just like CEXs. That is right, the main factor that people choose a centralized exchange because of the liquidity and trading volume, it has wide users that for sure your order will immediately be done in just a couple of minutes or even hours, not like decentralized will perhaps take days. Another is the support, it is easy to rich out the support of the centralized exchange in just a matter of minutes.


Title: Re: Why not decentralized exchange..?
Post by: taunitsed on January 15, 2021, 11:12:47 PM
i think the real successful future for decentralized exchanges in coming now. i also strongly believe in dex, and the reason why they weren't successful is because of unreadiness technical and fintech tools for them. but now i'm looking for nice dex projects and try to get their tokens
this is what i also think about. defi is cool concept and dex projects with good business model likely to be successful... i also look for dex with some options for liquidity providers
in this case you can check xsigma project - they are interesting and as i know the offer good returns for LPs


Title: Re: Why not decentralized exchange..?
Post by: enhu on January 16, 2021, 05:19:10 PM


Uniswap had so much volume compare to a regular dex, I think its just the start. Eventually more and more people are going to take arms against centralizization and banking system.  KYC and privacy will push them to move to dex and swapping platform, time will come.


Title: Re: Why not decentralized exchange..?
Post by: bL4nkcode on January 16, 2021, 05:33:58 PM
Most experienced users only uses DEX, too much complexity and most of them aren't newbie-friendly together with few volumes, then the result is obvious.

Even the too hype binance dex isn't used by many. I checked uniswap and so far the volume there is good and well enough to process in minutes or hours, only if it's easy to use, though there are times for learning.


Title: Re: Why not decentralized exchange..?
Post by: maldini on January 17, 2021, 02:34:39 PM
The greater part of the decentralized trades that I've seen throughout the most recent couple of years have incredibly enhanced the UI side of things to the point that they're fairly available for even more current brokers. In the event that they truly need to profit the crypto they should help us advancing it in the trade let there be a decentralized trade likewise for the individuals who needs security in putting away cash.


Title: Re: Why not decentralized exchange..?
Post by: Alexmagn84 on January 17, 2021, 04:37:50 PM
Binance unified trade, their trade is versatile inviting and have applications. That is the reason it's very simple to utilize and its justifiable for everybody. Likewise not all that much volume on decentralize trade. I couldn't want anything more than to utilize a decentralized trade in the event that it satisfies my necessities yet as of recently I have seen none of such trade.


Title: Re: Why not decentralized exchange..?
Post by: darewaller on January 17, 2021, 06:51:02 PM
Decentralized exchanges are growing to be more than just exchanges and that is what will make them a lot bigger than any other centralized exchange out there in the world. Right now people can actually deal with pancakeswap type of places and not only they can exchange their money there, they can also make money there as well.

Think about it, on centralized exchange you give your money to someone and they use it to make a lot of money and they just allow you to trade and that's it, on decentralized exchanges you do not give ownership of your money to someone and you just end up using that money to make money from other stuff like staking and all. This is why I think it is obvious that centralized exchanges will take over for sure, it is not going to be very quick and it is not going to be easy but they will definitely become much bigger in the future.


Title: Re: Why not decentralized exchange..?
Post by: death69 on January 17, 2021, 07:18:29 PM
Based on my experience using decentralized exchanges, usually the available pairs are limited. Likewise, the number of tokens available is
still small compared to centralized exchanges. Even the features of decentralized exchanges are incomplete, and the display is less user friendly.
Usually traders want to monitor the movement of tokens they have at any time, unfortunately the decentralized exchanges don't have a mobile app
yet. Then the most important thing is that decentralized exchanges cannot cashout to bank accounts, this is also the reason why I am more
comfortable using centralized exchanges.
i agree that most dexes are harder to understand because i also use alot of dexes before but if i now understand harder dexes completly,  others can too .
its only a matter of hardwork and not being lazy to learn but i did not know that there are many lacks or lackings that decentralize exchange have aside from its a bit hard to use but thanks for bringing them all up and i thought before that dexes are a home for the tokens and altcoins but is that true that theres so many tokens and alts lack on all dexes ?.
That is the matter. Not many people willing to spend their time to obtain knowledge of decentralized exchange. There are too many new features which they have never seen before cause of being a part of a centralized system for so long. At least there are still people like us who agree to spend time and efforts to understand how it works and how to process a transaction without providing any KYC or personal identities.


Title: Re: Why not decentralized exchange..?
Post by: coiner-88 on January 18, 2021, 02:10:21 PM
Decentralized trade have a little volume on the off chance that we contrast and unified trade, additionally not every person need truly deal with their resource possibly somewhat apathetic. Decentralized trade is someway conceivable in light of the fact that there are nations that truly received cryptographic money.


Title: Re: Why not decentralized exchange..?
Post by: Lanuf on January 27, 2021, 04:49:48 PM
In my opinion decentralized is one of the great reason that people love or apriciate bitcoin. I know there is many things too but its not about that or bitcoin. I am not too much experience able person in crypto world but with all my little experience i understand that people want a good project which is decentralized. But my question is then why we don't accept properly decentralized exchange..?

There is many point that people should trade in decentralized exchange. But what is the problem that every time decentralized exchange failed to stand up..? Was it us who don't show much interest about it or it's the outhority who didn't provide to us properly..? Is there any chance that decentralized exchange will stand up..?  

Please share your thoughts.  

Both in the past and in the present, there have been quite a few stolen or scam exchanges. Although I am also a newbie in this area, but the advantage of decentralized exchange is obvious to me. From the user's point of view, the security of my funds is of greatest interest to me. I want to believe that in DEX no one will be able to access to my funds except me.

P.S. I saw an article here Custodial vs. Decentralized Exchanges (https://techbullion.com/custodial-vs-decentralized-exchanges-whats-the-difference/), perhaps in it you will find answers to your questions.


Title: Re: Why not decentralized exchange..?
Post by: monatana on January 27, 2021, 05:11:01 PM
Lots of decentralized exchanges survive, but many individuals also use decentralized exchanges to commit contract address fraud


Title: Re: Why not decentralized exchange..?
Post by: wxxyrqa on January 27, 2021, 05:43:39 PM
At least as of today, I do not have a lot of cryptocurrency capital to worry about the possible attention of the regulatory or tax authorities of my state. Based on this, I am afraid of centralized exchanges, because decentralized exchanges, such as uniswap, have very high fees and this is not very suitable for me. But my choice falls only on the most secure and reputable ones such as Binance.