Bitcoin Forum

Cryptocurrency trading is the most popular investment method in the current market. There are many trading platforms for crypto trading. Such as Binance, Kucoin, Bittrex, Poloniex etc. Among them I trade Binance trading platform, Binance is currently one of the best centralized trading platforms for cryptocurrency trading,
For example, the centralized trading platform is Binance, Kucoin
And decentralized trading platforms are Nash, Ether Delta, Binance DEX, Idex
Now I want to know which decentralized trading platform is better than Cryptocurrency trading platform or decentralized trading platform, which means which centralized and decentralized trading platform can be more secure.

The first paragraph was great but the last one where it is more important gets confusing.

You already mentioned exchanges which are centralized and decentralized.
Why not just pick there?
Binance as one of the trusted centralized exchange.
Then, Idex for me as most trusted decentralized exchange but its limited with Ethereum and altcoins which are mostly ERC20.
Another problem is the volume.

A little bit confusing in regards into your last question on which one is secure.Overall i dont really much trusting up on storing up my coins or in terms of security specially on centralized exchangers.
If you do mind of about safety then we do know that Dex's would really have the advantage but we know that volume/liquidity isnt really that great compared to centralized ones.

Dex dont have the feature on dealing up with fiat to crypto or crypto to fiat transactions this is why its already anticipated to have this kind of result or difference among the two but atleast
we do already have some options to take and its just a matter of choice but remember on the risk involved when storing or trusting up these platforms.

Binance is currently the best when it comes to Cex but for Dex i dont really mind that much since its been a while that i do lastly make use of this.

Binance DEX and IDEX are not entirely decentralized exchange platform.

Worrying about the hack? both of them are prone to be attacked if they won't keep their security as tight as always. In the past, several hacks from cex and dex were made so both of it can be an apple to the eye of hackers if they won't maintain regular updates with their security. But as for Binance, I'm sure they've learned from the recent hack happened to them.

I will try to rephrase it;

1) which decentralized trading platform is better than Cryptocurrency trading platform (you mean centralized?) - NONE.

2) which decentralized trading platform is better than decentralized trading platform (maybe the best DEX?)-  BISQ PLATFORM.

3) which centralized and decentralized trading platform can be more secure (you mean, who has the better security?) - of course, DEX that's why it called DEX in the first place. But those popular centralized also have good security although still prone to hack even by less chance.

Binance DEX for me will not work as a 100% decentralized exchange in the future.

hahaha, this is the most confusing part you ask...

---

Binance Dex, IDEX, Uniswap and Bancor are DEXs with very good security levels for me. while for CEX; Binance, Kucoin, AND Huobi are very safe in my opinion.

In Decentralized exchange(DEX) we consider it is safe and more secure, the same as Centralized exchange(CEX) but in CEX it varies on the reputation they had. Reputable CEX is considered as safe as of now but doesn't store your fund for a long term purpose.

But the difference is the liquidity in both of them, it means volume the chances you will earn profit and that is the difference between CEX and DEX.

Here is the thread that explain your the difference between the DEX and the CEX and you can choose which exchange better for you.
List of Decentralized/Centralized Exchanges (https://bitcointalk.org/index.php?topic=2906237)

Most volumes shown in other exchanges has no legit information, some of them are boot and not a realtime trading graph. That's unfair to most traders, because every project needs people to cooperate with the progress of each and every coin. Without any actual participation, I think every investors won't build trust on a certain project. Trading platform is very important, well popularity wise is also the main key to achieve it.

Right now, of all of DEXs I'd prefer Uniswap but for sure there will be next in line for this DEXs that'll will emerge. Though there's a surge of DEXs by now I think CEXs are still be the one to be stand atop, with volume of course even for few more years.

DEXs are the future exchanges but can we really get that when these exchanges are really getting good money from this industry? I think not, these business minded people will not be gone for good considering how much profit they can get for it.

Uniswap is the top volume DEX right now but the expensive transaction fee and slow order confirmation is killing all the traders on Uniswap. This is the common disadvantage of DEX because all transaction is on chain which force them to wait for transaction confirmation before the order execute compared to CEX that all transaction is instant with a minimum transaction without price slippage. The only advantage of DEX right is they are fully decentralized but soon it will be left behind again once there issue on speed and fee didn't sold just like what happened on ETH momentum when they can't handle the Cryptokitty volume. They should do the transaction off-chain so that it will be fast and cheap while still being decentralized. Maybe ETH v2.0 is the key for this concern.

I'm not really sure if Binance DEX is truly decentralized though,  The problem with DEX is that they lack liquidity as compare to CEX that's why more traders still used CEX despite that high risk of "not your keys, not your coin' paradigm. Again, there's no such thing as "more secure" in crypto, everyone has been a target, from CEX->DEX. It's just how you practice your security hygiene that will make you less vulnerable to such hacks.

 It's a bit vague to understand your question here but correct me if I'm wrong.
 Are you asking if which of those two are more secured? Whether centralized or decentralized exchange trading platforms?
 
 If so, when it comes to securing your KYC, decentralized exchange can handle that one since kyc is not necessary and not to worry about your identity, etc.
 
 But i saw some keypoints comparison from this website (https://www.google.com/search?q=centralized+exchange&client=ms-android-asus-tpin&prmd=inmv&sxsrf=ALeKk02gp3Xpp0okSaJWMvdAcAPBma11lw:1598334343075&source=lnms&tbm=isch&sa=X&ved=2ahUKEwjz44C207XrAhW5IqYKHXKoATcQ_AUoAXoECBEQAQ#imgrc=A20E3kKAY3InQM).
 
 

---

https://i.ibb.co/khZ2JKT/images-1.jpg
 
 Hope it somehow satisfied your question.

my vote is too for binance, most user friendly and their customer support is awesome

The use of decentralized platforms is more about privacy than being more secure. It is true that we cannot properly compare the security of centralized and decentralized platforms, but in general, central platforms are safer.

If you are looking for privacy, decentralized platforms are the solution, but privacy has a price. As the trading volumes are not high, there are not so many currencies, and you cannot achieve the same profits that are achieved on the central platforms.
Therefore, the purpose of use is what determines the right type for you.

if you ask a secure platform all the platforms you mention are safe and the KYC process.

Now you can make your choice to use it, Binance, Bittrex, Poloniex, and Kucoin, all of these platforms are used by members here, now it's your turn to choose, everything is safe.
You have the freedom to use it.

It is difficult to answer because the answer will vary as we might use many exchanges. When we choose the exchanges, what we need is convenient and comfortable to trade in those exchanges. No matter if that is CEX or DEX, if we really like those exchanges, we will follow every step they want, including filling the KYC, which most of us avoided. Binance will be the choice for most people, whether they do KYC or not, because binance has good security and always try to protect their members.

But besides Binance, we have many other exchanges that we like, and we choose that exchange because we can trade without any problem, we like the exchange, and we think that the exchange is simple and easy to use for us.

I think you are a bit confused about centralized and decentralized trading platform without emphasis, I will suggest you learn the difference by reading this detail article https://hackernoon.com/cex-vs-dex-which-crypto-exchange-model-is-best-1dfcf80f4221 Binance you mentioned is a centralized platform and according to CMC, it is rated as the best trading platform based on daily volume and active traders. Decentralized platforms include etherscan index, uniswap Bancor. Etc. From experience I enjoyed trading erc20 token on etherscan but most of them have low liquidity and transaction fee are too high

To be honest well reputed Centralized crypto trading platforms are better than decentralized trading platforms.
Decentralized trading platforms are good in terms of security but lack other aspects such as liquidity and support.
Binance is the best centralized exchange and Bisq is the better one in decentralized exchanges.

I agree with you, though centralized exchange needs to provide KYC if happened that you are using huge amount of
investments.


Volumes and liquidity is where the traders are after, they are more actions inside CEX in terms of movements and that's
the advantages of reputable CEX exchange.
They have lots of participants both investors and traders are supporting the platforms knowing that they can execute
whatever trading practice they've got.


No question about binance as most of us are satisfied with how this exchange performed.

I don't think the centralised platforms are more safer, and more about privacy. Everyone of them will require you to pass KYC and then there is the threat of hackings. But there are exchanges like Binance that are SAFU protected.


The only thing with decentralised platform are only minority traders are using it, resulting in a very low volume. So the flow or exchange are going to be very slow because it doesn't have that liquidity in the first place.

ProBit Exchange has 2 platforms, ProBit Global and ProBit Korea. While users can use either platform, it is safe & easy  :)

Probit Global: www.probit.com

Probit Korea: www.probit.kr

That's the problem in most DEXs, the liquidity. But have you heard of Uniswap? This is a decentralized one and right now they are popular particularly with DeFi projects. But one should be careful in trading because there are a lot of crap tokens being traded at the moment. With respect to CEX, Binance of course no doubt is one reputable exchange. But don't confine yourself with Binance only, there are other medium exchanges that are also reputable, where you can find other alts or tokens being traded at in which you can't find in BNB.

I don't know if OP does really have a concern for creating this thread. A typical bounty hunter that rarely post a not bounty-related post.

Somehow, I think he already has an idea about exchanges: https://bitcointalk.org/index.php?topic=631891.msg55046472#msg55046472

Centralized or decentralized, we have different preferences on what to use.

But you already stated in your post that Binance is the best exchange, so why then do you still ask which of the Exchanges you have mentioned is the best?

When it comes to Centralized exchanges, I didn’t see you mention Coinbase and that’s like one of the biggest centralized exchanges there is in the market, although I might say that Binance bigger than it because they have a bigger trade volume, but Coinbase has an interface that is easier to understand and everything about it is easy and simple. Then as for decentralized exchanges, Binance DEX is a good choice to go with, compared with the rest you have mentioned.

Trading is profitable and convenient with the Amarkets broker, it has a fairly good platform and comfortable trading conditions.

I think what you mentioned above has been very good everything on crypto exchanges, because I have seen and I have experienced visiting Binance, Poloniex and Bittrex exchanges I think the volume on this exchange looks really good compared to other exchanges. So in my opinion there is no exchange that is better than some of the exchanges that I mentioned above, because it has been proven very clearly safe and there are no obstacles there. This is just my experience.

Centralized trading platform is more secured than Decentralized .You can get huge volume on centralized market on the other hand the volume is too low on Decentralized exchanges .I always use Centralized exchange to trade .So i think you should use Centralized exchange .

Decentralised exchanges are more secured, simply because you hold your keys and as long you hold your keys you have the coins. About one thing you are right, decentralised exchanges are slower, but it's because of the volume, lower volume means less trades. Centralized exchanges are faster, with more promotions, they have popularity, higher volume, simply said they are more popular. It's like that now, but we can discuss about the future and will it stay like this, or decentralised exchanges can come closer to centralized exchanges in terms of volume.

Too much confusing at the last part you want to find out a decentralized trading platform?

No this is impossible so who is the one will manage on this kind of business and monitor all of the things that happen on the trading platform.

Yes, we have the decentralized coin which is the bitcoin other than that most of the coins are now centralized also this is the cons of the other coin.

If you are trying to look for a decentralized exchange or platform good luck for your journey. I will vote right now for a centralized platform.

Yes Exchanger I have some ideas about the site but I'm hesitant so I made the post so I can get a good idea with everyone's opinion

I love it here, dude didn't made any sense on his question, nobody fully understood what he was asking, after that people just assumed what he wanted to ask, someone responded depending on what they understood and everyone following that just answered like that and that's it, we have now a page full of people responding to what they understood and not the real thing, everyone could be answering wrong.

If you really ask me dude probably wanted to ask centralized and dex and wanted to see which one is better and which one is more secure, the same old question of "would you trade on cex or dex" which is not really shocking, because dex is getting a lot more attention these days, but I still think places like Binance is much much better, they are just too ahead of the curve for the Dex ones to reach them.

lol so true  . I understand his first few words but not the last one  . Good thing you are here and you translated what he was trying to say  . This is helpful to other users that don't easily get what he mean  . To answer if which one  is better I think that would depend to a trader , he can't say cex is the best when he never used cex or he use dex the most   . They shouldn't be shy and tell the truth ,nothing wrong on dex and they are infact getting stronger now .

I think centralized and decentralized is not main factor in trading factor is which exchanges has strong security and fast trading. You see binance exchanges was hacked some days ago but hacker haven't stolen traders token and their deposit, withdrew system also very fast so easily men going to trade there. But IDEX also good exchange but they fail to carry their goodwill as when they started their business as exchanges. so everything depends on some good factor others is nothing actually.

thanks.

There are MANY crypto trading platforms in the market! each one has its own distinctive features! For me, I consider ProBit Exchange to be the best trading platform!

At the moment I used IDEX, then next to these is UNISWAP because as far as I noticed many of the good feedback I saw was the community-supported UNISWAP, although most exchange that is on top listed in the market always centralized platform exchange like kucoin, Binance, Houbi and Bibox or Okex.

uniswap has strong community behind them, uniswap hype now in best condition ever . in every minute i see new project listing here and investors trying to find gem from uniswap. and finally we see many new token pumped many times. if compare with another cex exchanges, uniswap provide important feature while Defi be a trend. they could liquidty which is make investors give more trust.

The OP actually doesn't need to be confused about which one is the best, because Binance is the most appropriate choice for trading. Binance is fully featured and is very popular right now and is the largest exchange with the most coins listed on Binance.

Decentralized exchanges are safer because we have full access to our wallets, but the transaction speeds provided are very slow compared to exchange platforms like Binance.

You mean the execution of trading orders as transaction speed?

Trading volumes of decentralized exchanges are no where near to binance or even shady exchanges that is why we need to have patience if we want to trade risk free but the main problem of complete DEX is conversion on different blockchains.

I think what AakZaki mean is the transaction since as far as I know when you do trades in some decentralized exchange, you need to pay a transaction fee to the network and the network will create a transaction for that trade of yours, and if the network got too high traffic, then for sure the transaction fee is kinda huge compare to some centralized exchange that is very low transaction fees.

Lol I thought I was drunk after reading your whole paragrahp haha. But if I'm right, that your question is which platform is secured - ""is it centralized or decentralized?"". Then the answer is simple, it depends on the platform itself. All of the platform you've mentioned are pretty much legit as they've gained huge respect and reputation from a lot of traders and its clients. But in centralized or decentralized aspect, well a platform that wasn't controlled is pretty much safer. Would you entrust your money on a trading platform which that trades can be manipulated by the platform itself?

I should choose into CEX over DEX, why? traders never just look into security matters coz we can make it on our own without fully relied on the exchanges platform. What we after are the liquidity and huge market volume which it courage more traders and investors to come, unlike the thing we saw in DEX.

But of course, we should look into the most reliable exchanges. Name is very important, people will choose a certain exchange either it is DEX or CEX as long as it can be trusted. The thing we need when it comes into trading is why we can make good profit from it because in general, hacking could be an issue but if we care enough and never keeps funds on the exchanges, we don't need to worry.

true as GreatArkansas said. Trading using a decentralized exchange requires transaction fees to the network and the network will make the trade transactions for you. When network traffic is as dense as the Ethereum network is today, the process will take longer and the costs of trading will be greater. Just imagine, ethereum fees can reach $ 30 in one transaction. it's just crazy for one transaction.

There have been lots of articles and topics review the best cryto trading platforms, and as you said in the opening post choosing cryto
trading is an important thing. Choosing the wrong trading platforms can be dangerous, because we can lose capital that we have. So
always choose trading platforms that are popular and trusted. For centralized trading platforms I usually use Binance, KuCoin and Okex.
As for the decentralized trading platforms I usually use Binance DEX and Nash.

For me, I will always choose ProBit Exchange  8)
It's really got me comfortable which is not hard at all and so much easy and SAFE!! that's why I always choose it.
Also, you can check their two platforms, ProBit Global and ProBit Korea.

Probit Global: www.probit.com

Probit Korea: www.probit.kr
 

I guess I am not the only one that was confused by that question you asked there. I’m going to answer by taking the question from different directions, so first of all if what you were trying to ask is whether there is any other such thing as decentralized exchange apart from crypto, then the answer is none, cryptocurrency is the only place where you will see decentralization, others are centralized. Then if your question is whether there is a better exchange than the one you mentioned that you’re using (Binance), then the answer is kind of yes and no, it all depends on what you’re looking for.

Every exchange has features that might be better than another, but mainly Binance and Coinbase seem to be taking the number one position.

Let's start in order.
Centralized exchanges are company-operated platforms that mediate the trading process.
Decentralized exchanges (DEX) are designed so that there is no third party intermediary between the parties to the transaction. The DEX does not make order matching against the order book, but directly brings together those traders who place buy and sell orders.
In order to decide which of these exchanges suits you best, you need to analyze the existing cryptocurrency exchanges, as well as read reviews. Here  (https://cryptogeek.info/en/compare)are also tools for comparing cryptocurrency exchanges, which clearly show the pros and mons of a particular exchange. There is one of these tools here, choose from the list those exchanges that interest you and get a visual comparison.

I am trading on cointral.com. they have very useful platform and too many cryprocurrency pair.


https://cointral.com/

If you have any interest in trading or investing there is no denying that cryptocurrency trading is the most popular investment approach in the current market crypto-currencies such as bitcoin ethereum litecoin and possibly others have attracted investors so you can choose binance or Kucoin. Many reliable platforms for trading even if it is wrong easier to correct the negative effects later.

I prefer to choose a centralized exchange instead of a decentralized exchange, even if it needs me to fill KYC.
I have a bad experience with the decentralized exchange in the past, and I don't want to have another bad experience when I traded.
Binance is one of the best exchanges, but binance offers an option for their members to skip the KYC verification if they don't want.
But we need to have satisfied with 2 bitcoin limitation for the withdrawal.
But every person will have their option where they want to trade, whether in centralized exchanges or decentralized exchanges.

Centralized exchanges are a thing from the past, they get hacked or the wallets go into maintenance for long time like Yobit,
The best is DEX like Uniswap or Sushiswap, connect your metamask wallet and exchange your coins, if your problem is that you want to trade BTC and is not possible with metamask then you need to know that there is WBTC Wrapped Bitcoin and holding or trading BTC is now possible on the Ethereum Blockchain.

I also prefer to do trade in centralized exchange as long as the support is actively responding into any queries, It’s better to have some support to contact with something happened unknowingly, As long as the coin Im trading is available in Binance or Kucoin I will just use that with other exchange Im familiar with. I only try to use decentralized exchange sometimes but more often with decentralized exchanged.

I am as same as you. Binance is my first trading platform. I make trade in this platform from my joining in crypto trading. At present, I also like to make trade in KuCoin trading platform. There are some the other platforms which are popular for trading but these two platforms are the best to me.

When it comes to which ones are actually the best, I would say that the best is what you’re going to find in centralized exchanges because they seem to be putting in extra effort in making things good for their users and they always have all these interfaces that looks more better and easy to understand than the DEX.

Decentralized exchanges are also doing great and if you take your time to go through them you will get to like them as well. As for good DEX exchanges to make use of, Bisq is a popular decentralized exchange, and another one is Binance DEX. Lastly you should check out 0x Protocol.

Honestly CEX and DEX provides different stuff if you ask me. Usually Cex provides you with a place to trade all the known regular coins that we have been trading for years, that is not something lacking in DEX because they do have that too but the volume is not comparable at all, binance and all that has a huuuuuge difference between DEX ones.

However DEX also offers new stuff, from coins to tokens to everything they have something new and that is why they are so valuable, which is why I believe they are quite important. Not saying they should be better or worse, both of them serve different stuff and whatever you need you can go with them. However I do not believe they compete with each other, they are not trying to get the same customer to begin with.

I think best is to check out some solid ranking site and go with the most liquid and solid one. Maybe that helps: https://liquidary.com/exchanges/ (https://liquidary.com/exchanges/)

The question is you "want to learn which decentralized trading platform is better than cryptocurrency trading platform or decentralized trading platform" I mean the question in itself is wrong already, there is really nothing to answer. How could a decentralized trading platform be better than decentralized trading platform, they are literally same words there, they are the same thing, there is no better than itself thing out there? You already named the decentralized trading platforms that are good, binance Dex is pretty good, go with that? I mean you can't just expect people to understand the question when you ask for the same thing. You basically said "A has B and C, X also has Y and Z so which X is better than A or X?" Which makes no sense as you can see from that analogy.

You're absolutely right: cryptocurrency trading is still popular. And I think it will be popular for many more years. And to make it more interesting, I'm trying a new platform. Now I'm using Changelly Pro to find out all the pros and cons of this exchange.

Yes, Binance is pretty good and offers almost all options other exchange offer too, but an exchange I would maybe recommend is crypto.com as they have been doing pretty good lately and while I have not traded there but I have heard from friends that they are pretty cool and they also have their own coin that ranks high in the coinmarketcap values so maybe worth trying.

I have not used decentralized exchanges yet but there would be more fees associated I believe and I am not sure how that markets works because if there is no centralization how do they manage orders for buy/sell and how to withdrawals and deposits works? Sounds exciting but my theory says don't fix something that is not broken so I don't see a reason to switch from Binance.

Well, for me the best thing is DEX, especially for what they lack in requesting information from the Exchange, KYC among others, but I recommend the service of centralized exchanges, especially Binance, they are very responsible when requesting support before any problem.

There are several that trade could trust binance was the most since it has the most volume and you can buy with the cheapest fee regardless of how big the amount you are trading. When you try it on Uniswap you'd be spending an amount upon buying tokens worth 10ETH. Although Uniswap is a DEX, its a good exchange but will prefer to see the order book like the dydx.

WBTC is a good decentralized exchange solution to attract those who like to trade BTC. But this does not solve the problem of high fees that exist on decentralized exchanges. I won't pay $ 40-60 per transaction if I can do it almost for free on centralized exchanges.

This is the regular drawback of DEX in light of the fact that all exchange is on bind which constrain them to hang tight for exchange affirmation before the request execute contrasted with CEX that all exchange is moment with a base exchange without value slippage. Binance will be the decision for the vast majority, regardless of whether they do KYC or not, on the grounds that binance has great security and consistently attempt to ensure their individuals. I have encountered visiting Binance, Poloniex and Bittrex trades I think the volume on this trade looks great contrasted with different trades. So as I would like to think there is no trade that is superior to a portion of the trades that I referenced above, on the grounds that it has been demonstrated plainly protected and there are no snags there. This is only my experience.

I could get your point. DEX basically promotes the decentralized notion so that you could be certain that your money doesn't get stolen, there were tons of exchanges in the past that got "hacked" or whatever and many people lost their money there, tons of people who wanted to keep trading that no longer has money, we are talking about combined hundreds of millions of dollars gone because of those exchanges which was a big issue.

Dex tries to eliminate that, they try to make sure that with their exchange there is no way you could lose all your money, since it is decentralized your money will be safe. Would you believe that or not? That is something all depending on you and not the exchange, I do not believe them and don't use them but that is the whole idea, no longer getting scammed by exchanges.

You can use Binance dex as they are handled by known reputable team, while with the hypes of UniSwap more interest showed up
from traders who wanted to take their opportunities.

It's still depends from how you percept and how you do your research correctly to find the right platform to use.

I think the trust placed on Binance should be reduce as a result of their recent development of chasing after volumes instead of protecting their customers. Many traders rely on Binance as they tend to trade coins listed on the platform believing that since Binance has early stated, 'they carryout proper investigating before listing any project on their exchange' therefore all project listed on the exchange most have gone through thorough screening and won't end up been a scam.

But if you have been following the news recently, the founder of one of the just listed tokens months back performed and exit scam and went away with millions of dollars although there are recent reports of the funds been returned but that won't have much impact since the demage has already been done.

The response from Binance CEO to this development made things worst as they openly declare they only list project this days as a result of volume and not missing the hype to other exchange, a popular example was the Uniswap tokens that got listed just hours after launching.

That's true and while decentralized exchanges are good and maybe the future of trading but really as a trader I really love how Binance works because I mean at Dex we are responsible for any mistake we might make plus the high fees on trading.

AS a day trader I really love trading with centralized exchanges like binance because I have to sell and buy various coins all day and the lower the trading fees the more is my revenue and look I support all the Defi and Dex projects out there but as long as trading goes, I will always pick the exchange that gives me maximum profits and the fees are low while also providing security to my funds.

Fees on dex will probably get lower, right now it is more like a "hit and run" type of job where they want to make as much money as possible and they want to promote that as much as possible which does cost quite a bit. However at the end of the day we are talking about something that is not sustainable, so it will definitely get lower.

The only reason why I believe dex can't be the future of exchanges is the fact that I am using binance and I literally have no reason to not use it at all, I am not saying dex is bad or anything, they could be as good as it gets but why would I want to use dex when I am already happy with the place I use, what reason is there to switch it out of nowhere? Obviously Binance has to be bankrupted or closed or something for me to give it up.

Currently, my answer is Changelly Pro. It's quite modern and has a number of helpful trading features. Recommend to try.

Think you for sharing this stuff. It will be interesting to try it. However, I trust the oldest and more reliable platforms, which I know for years. Trading is a risky business, and I simply do not want to lose here making a mistake when choosing the wrong place to do it.

 
Is you talking about this cryptocurrency trading platform https://cryptototem.com/changelly-review/? We can try, of course. But what functions does this exchange have? What is its modernity? Can you explain? And what useful trading functions does it have that others don't?


I have the same feelings when it comes to a new exchanges. Older platforms inspire more confidence.

Wunderbit allows to add the account of most largest crypto exchanges and then to trade on it, both manually and automatically, incl. bots.
Copy-trading is also available with over active 1300 bots.
https://trading.wunderbit.co/en

🔥 Black Friday Sale

Get -30% discount on 3-months PRO plan!

It’s here — the biggest sale on a trader’s calendar. Don’t miss this.

https://trading.wunderbit.co/en/trader/subscription/pricing?tab=subscription-pricing&period=3.months

🎄 Christmas Sale – Get 30% Off on 3-months Pro subscription

https://trading.wunderbit.co/en/trader/subscription/pricing?tab=subscription-pricing&period=3.months

Agree with the older sites are more reliable and the risk to exchange these sites is much less Binance is much better in the old site crypto market is very old and very popular as an exchange site from the beginning. There is no problem for the exchange and traders exchange safely for many years.

Isn't that Kucoin was hacked recently? Perhaps, they've recovered it early, right?
I definitely agreed that Binance was one of the good centralized exchange so far, However, in my case,
the platform that I most often used to trade in was Bitforex, Probit and bithumb global, these 3 exchange
at the moment are the platform where I have crypto assets and gained weekly whether in Bitcoin, USD, and ETH.

Binance is the best centralized trading platform.
I never tried any De-Centralized trading platforms

Wunderbit Trading is proud to announce the integration of a cryptocurrency derivatives exchange - BitMEX.

Traders of BitMEX can now enjoy features of Wunderbit Trading:

• Copy-trading
• Trading bots
• Crypto trading automation
• Futures spread trading terminal
• DCA bots

BitMEX exchange

BitMEX is the world’s most advanced peer-to-peer crypto-products trading platform, supported by best-in-class API, and giving knowledge, confidence, and precision to hundreds of thousands of traders, transacting the equivalent of billions of USD every day.

The core benefits of Bitmex are:

• High security
• Outstanding trading fees (Maker -0.025% | Taker 0.075%)
• Very high liquidity, especially for the XTB / USD pair.

How to build a trading bot for BitMEX

Register with Wunderbit Trading
1. Connect BitMEX API
2. Build your bot using TradingView script
3. Send your Tradingview Alerts to Wunderbit Trading and they will be automatically executed on the BitMEX exchange

In the next couple of weeks, Wunderbit will introduce free Trading Bots available on BitMEX.

Wunderbit Trading: https://trading.wunderbit.co/en

Wunderbit Trading is proud to announce the integration of a cryptocurrency exchange - Huobi.

https://journal.wunderbit.co/en/news/article/copy-trading-and-trading-bots-on-huobi

Decentralized exchange is becoming more popular than it was before!  One of the reason for this increase in popularity is the success of uniswap on ethereum network!  Uniswap is adjudge to be a very secure and promising Dex!  There are other dexes on ethereum with passion for development and growth.  1inch, Idex are few of some of these dexes!

Trust wallet has Dapps which gives you access to uniswap and pancake swap. Seems to be a good setup and much secure than any centralize exchange.

I think binance will be best and secure among all of them because i'm familiar with binance and i'm trading since two years and having in great profit till yet, as it's verification very tough and users didn't get entry without verification, so it is a plus point of binance i think, i'm also happy for trading in binance, so it would be a better choice as well.

Binance exchange is one of the most trusted centralized Cryptocurrency exchange!  The platform has been functioning properly since it's inception!  The biggest trade in bitcoin and altcoin is happening on binance exchange daily.  Binance have also forked ethereum chain to launch it's own chain and this have given birth to pancakeswap decentralized exchange! And there is a lots of educational material about defi,  Dallas,  Dao and other decentralized services offer by the exchange!

Op i can understand your pain.
But glad that toy have great information regarding the exchanges.
My question is that if there are already good centralised exchanges there, then why to choose for decentralised one?
Use Binance as it’s the best and Trusted.
You can go for Idex but it’s not recommended.
Hope this helps you OP.

Mostly i'm trading in centralized platform like Binance because they are more secured and day by day they are adding more security to it in the forms of best verification that are not easily has access to opened by anyone. So, its verification and security are tough. That's why i preferred it to you.

The Binance you said you’re making use of also has a P2P platform for those that are looking for such. On their website you’re going to see an option for you to go p2p, and this is completely decentralized, you make the decisions for yourself by choosing who you want to trade with and which payment method you want to make use of. So, Binance is already a platform that covers centralized trading and decentralized trading, if that’s the platform you prefer to make use of. Binance P2P is mainly what I make use of and I also make use of Paxful which is also a P2P trading platform.

As crypto trading is growing day by day and it is also a source of getting more profit every day or even after some time. But there is situation that there have some loss too, many people are thinking that trading is very easy but once they entered the market they lose their most of the money in it without knowing anything.

Well enabling 2fa will surely have a good security feature that you can sure your account will not hack but what if the exchange itself gets a hack that will be the problem here. Binance was hacked once and I hope they learn from that mistakes and avoid compromising again from the hackers. But I believe still Binance is a good centralized exchange among others and that is perhaps the reason they are the number choice of most traders because also the season of their promise that your fund has SAFU by them. However, DEXs exchange is good but the trading volume is very low it will hard to make a profit in a short period of time.

I think you are bothering too much. In my opinion, a centralized exchange and a decentralized exchange can be subject to different attacks. Because of this, you can lose your funds. Therefore, I just keep my coins in cold wallets and only in exceptional cases resort to cryptocurrency exchanges. A list of good cryptocurrency exchanges can be viewed here https://cryptogeek.info/en/exchanges, I hope there are real reviews on this site.

I have almost used all the exchanges there is.  But most of them i liked binance and kucoin both of them have great user interface and anyone can use it.  If they see nay videos on youtube

Despite the regulatory crack down, Binance remains one of the most popular centralized exchanges! Regular traders prefer it...


To me it feels that there's no point using decentralized exchanges which are less stress-tested, limits you on the number of coins and most importantly volume.
For particular alts, you can't dump or buy if volume isn't there which is super irritating. But we all have our own needs...

As a cryptocurrency trading platform, there are many exchanges in which you can choose by understanding the security and benefits. In my opinion Binance Exchange is very important as a trading platform. Below are some of the popular exchanges as trading platforms.

Binance exchange
Kucoin
Gate Io
Ftx
Bilaxy
Uniswap

That is unreasonable to most dealers, in light of the fact that each task needs individuals to help out the advancement of every single coin. With no real cooperation, I figure each financial backer will not form trust on a specific undertaking. The lone benefit of DEX right is they are completely decentralized yet soon it will be left behind again once there issue on speed and charge didn't sold actually like what occurred on ETH energy when they can't deal with the Crypticity volume.

One argument I've read was that as long as the platform has CEO, it wouldn't be 100% decentralize because the CEO could still be approached by authorities and coins in the exchange can be confiscated by the government. If this is the case then we really have a hard time seeing which DEX could be a real DEX and can be trusted. I'm so far confident in trading while our coins are in the wallet though,

Honestly, it is not about which trading platform you use these days because most of them look like each other. Binance is great, that is my cex go to place and probably a million other people as well, it is obvious and nobody disputes that, I can't say if it is the best one or not but I can say that it is definitely the most used one without a doubt.

Dex is uni and cake as well, those two are huge and everyone knows them, it is definitely one of the best as well, you can use binance in order to move money around between the three of them, and using metamask as my wallet for it as well. When you combine all of this together, you end up with basically making as much profit as possible and use only the ones that everyone else uses. I just like popularity, when one place is used by more people than any other place, that usually means a big thing for me.

I do not think so ,  Becuase in the centralized exchanges you have not control your fund because they didn’t not provide seed or key but decentralized exchanges you have access to control your funds and also you don’t necessary to Kyc.

I also like decentralized exchanges because I can be safe as long as I have a capital wallet merchants avoid kyc sites in order to trade more kyc scams. Binance is much better for trading platforms investing here is easy and without a doubt you can make a profit and save there is no fear of losing funds.

I do not know if you remember it, but in 2017 just when the bullish trend occurred, everything came out of Bitfinex, of course it is worth highlighting the whole problem with tether, but mostly both the bullish and "Shorts" scenarios were from Bitfinex, currently there are some Very good exchanges, among them one of the best or perhaps the best is Binance, also due to the trading volume they handle.

Some exchanges such as DEX, Biswap among others are also widely used today, but despite the fact that many exchanges, or most require KYC, operators prefer to have to go through these requirements just to guarantee the safety of their funds, which, is For this reason, Binance is still at the top.

Yeah. If I need to use a Decentralized exchange, I like to use the Trust wallet Dapps function. I feel safe there, But for trading there I created some other account when my funds are only for trade. Not for store altcoin.


Nowadays Decentralized exchanges are more popular. But a few years ago it was not so popular. Because at Decentralized exchange there was not enough volume, liquidity,order book, etc. So people like to use Centralized exchanges like Binance, Kucoin. I have no problem with KYC. With the help of KYC, I get some extra facilities at Centralized exchange. Also, Binance now offers SAFU, So my funds are safe there.

It’s only centralized exchanges that are requesting for KYC. It’s just like Binance, it’s centralized, and at some point you will be required to fully verify your identity before you can trade to a certain amount. That’s the same thing with Coinbase, you will have to verify yourself and you will also have to submit your picture to them to prove that you’re the one on your ID. But, that’s not how a decentralized exchange works, in decentralized it exchanges you don’t have to give your information, and the trade is P2P. Both CEX and DEX has their advantages and disadvantages, and whatever works best for you, you just stick to it.

There are lots of Crypto currency trading platforms but look for the one who have good reviews and expert traders.

Yeah, too many of crypto platforms. Well, where do u propose to look? Do u have suggestions? It seems to me that u urself dont know where to look. But I know, for ur luck.

I quote:
Best Crypto Exchanges: The list of cryptocurrency exchanges includes detailed reviews and additional information about trading platforms and bitcoin marketplaces that customers can explore before deciding to use them. Users can easily find and select the biggest digital currency exchanges with expert reviews, 24-hour volume, deposit methods, total coins, locations, trading/withdrawal fees, and more. The guys at crypto totem (https://finance.yahoo.com/news/cryptototem-reveals-newly-reformed-sections-151500047.html) created this unique opportunity to help people make better decisions for trading strategies.

No thanks needed  ;).

in the last few days it's been very difficult to trade in Binance, constantly log out and I'm also seeing that it seems that the trade fee has increased or is it just my impression? and with this history of binance being targeted by all governments or at least being targeted by some governments it has become even harder to trust binance, binance is also being tough on the KYC issue, I predict tough times for exchanges

Mostly I believe on binance due to its strong security system, and its own easy system for the beginners that they always want to trade on binance and I'm also trade in it having its best features. Then it can also be easy for the people who are using or trading in binance, it will be helpful as well.

You can see reviews from the same users like you on crypto totem (https://www.marketwatch.com/press-release/cryptototem-brings-you-the-best-crypto-analytics-report-2021-08-10). It seems to me that this will allow you to get the most truthful information at first hand. Perhaps among the many crypto platforms reviews you will also find the opinion of expert traders. But what I'm absolutely sure of is that there will be information about most of the cryptocurrency exchanges.

Binance is indeed the most popular exchange, in addition to satisfying features, Binance's responsibility to its customers is also very good. binance is willing to replace hacked customer funds, making this exchange even bigger. On the other hand, the BSC network is also very helpful with low fees and transaction speed

yeah i agree because binance has a lot of features when it comes trading, that's why i love using this platform especially when it comes their partners such banks and etc because here in our country we can easily covert crypto in easy steps.. There's a p2p as well which very smooth and safe, and you know if i need cash i always used that feature and it very fast. That's why for me passing kcy is worth it in binance because i can totally enjoy whats stuff within. Very useful for short..

The P2P feature is what I often use to transfer funds more easily, practically there are also other features that make people like it more but Binance is still a favorite and for me the funds are hacked then Binance may have insured so that's the full responsibility of the platform do.
Withdrawing with multiple banks is a good thing, meaning they are leveraging this partnership a lot more to reach users from different countries which Binance might make easy.

There are many cryptographic money applications accessible for  Android and many website and many can help with procuring exchanging and overseeing computerized resources Cryptocurrency trade applications are the most famous type of crypto application, yet numerous different applications can enhance a trade application. Some applications, as BlockFi let you procure automated revenue from your digital money From loaning stages to trades and portfolio supervisors there are a lot of uses that each fan ought to have on their platform

Binance is one of the best platforms to do trading and has the best security forms for people worldwide, the only thing I did not like about Binance is that they had a small mishap with users from Colombia, who subjected them to swear to a review of their funds due to a policy of other countries of wanting to investigate them, then this already indicates to me that Binance collaborates with police from any country to investigate others, even being police from other countries which was completely illegal and a lack of respect, then this type of thing is what makes us think that sometimes the funds are better kept in our wallets.

There are many centralized and Decentralized cryptocurrency trading platform in market. I suggest you to use B
inance and Kucoin for a centralized trading because these are the most famous and trusted trading platform in market. In Decentralized, I recommend you to use Pancake swap and uniswap these two are full secure and also trusted.

  - In my observation, due to the incident that occurred in FTX, most communities here in the cryptocurrency have had a lack of trust in centralized exchanges and seem to want to return to decentralized exchange site platforms.

In my view, it is normal for other crypto enthusiasts to feel this way, but for those who are deep in crypto and have a lot of experience, there is of course still trust in centralized and decentralized platforms.

And for me, in the centralized platform, the one that can be trusted is Binance, Houbi, Gate.io, Bitforex, Kucoin, and Digifinex, while on Dex, Quickswap, Uniswap, Pancakeswap, Biswap, and Apeswap.

Well, to tell the truth, the best thing is to have our money on decentralized platforms, it's not bad, we already have the experience of FTX, which was something very terrible and strong for the people who lived through it, I don't want anyone to have their money stolen because Many people have a hard time getting it so that an exchange comes and takes it away just because there is a particular Exchange that wants to have all the power, so the best thing is to have our coins in decentralized exchanges and manage everything with private keys, for me it is the best, I have many friends who no longer trust any exchange, no one wants to lose their money.

Debating on either Centralized or decentralized exchanges to use for trading is simply not the best thing to do at the moment, instead we shouldn't be running to and fro, because if an exchange will fail, there's nothing that will stop it from dumping. So the best alternative available is to make proper research on the top centralized and decentralized exchanges to use and be fully assured about their strong security wall. FTX incidence is a big lesson to some traders and some are victims while some have learnt from it. Everyone have there view on the centralized exchanges that are save for trading, Binance ranked top on the list of the centralized exchange to use because it's highly covered with strong backups moderators. While for decentralized exchange, I'm going for pancakesswap because it's very essential and popular, people use it highly in trust wallet.

Yes, Binance's trending systems have been very difficult for the past few days. Trading is now more difficult than ever before it was not so difficult to trade on Binance. Even now nothing can be done without KYC in Binance. Their security systems are currently the most powerful. Further security rules may need to be followed to trade on Binance.

Yep that's right, There will be always one that wants to do monopoly on a certain industry and it's a bad thing whether what industry it may be. Decentralized exchange will always be the go to but now we need a better decentralized exchange that has something revolutionary like a multichain features other than bridging since it gives a convenience to the user and would most likely prefer it. But yeah I strongly believe that there are still more users of a centralized exchange vs a decentralized exchange today. Let's hope that on the next bull market, The trend will change since centralized companies now are becoming worst after so many incidents of being bankrupt and mismanagement, People are losing their money.

Speaking of monopoly, I think binance is the monopoly of crypto due to its reputation. This crypto exchange is currently the biggest of them all. They have done partnerships from big brands in different fields and they already acquired the biggest crypto data site which was coinmarketcap. They also owned trustwallet. What else they will acquire next?

I think another crypto exchange because they fail on their FTX proposal just because FTX isn't trusthworthy and they are afraid that this will affect their reputation. Btw I like the suggestion you throw there about how we can improve the decentralized exchange. Maybe that is one of the things the people are looking for, before they want to use it more.

Decentralized will always be the best, for me Binance is a very good Exchange, it handles large volumes, it is a model excahge for any point of comparison or with another, what I do not like about Binance is that it easily reveals our data and anything to which governments, and it reveals any type of transaction, which I don't like, because then why do we have bitcoin, or cryptocurrencies, these things should not be revealed to governments, banks or strong entities that are police-type, because I have seen how they block Sometimes to users for reasons of investigations that do not even have to do with them, but because they have a suspicion of fraud or something.