Bitcoin Forum

Hi everyone
As you may know some exchanges ban some people because of their country or their states or some legal circumstances
Now some coins explain decentralized exchanges that claim they are completely decentralize and no limit in legal or state condition
completely no need for verification and no ban everyone.
one of the biggest one and more important of them is Waves, that claims they have a decentralized exchange with the fastest transactions until now.
1)what do you know about decentralized exchanges?
2)do you think they can replace of traditional exchanges?
3)how do you see the future of decentralized exchanges?

Waves decentralized exchange (DEX) is a strong feature and a big part of their platform. I like the UI, its low fees are tempting, being decentralized really really rocks, and the beta version is even better than the previous ones.

They just need to:

- Do some marketing. Their exchange has more volume than before, but it needs much more volume before it can compete with big exchanges like binance.
- Add some more coins and gateways. Right now many alts don't exist there and it mostly consists of waves tokens ...
- Be extremely careful with their security. We don't need something like etherdelta to happen with waves.

If these happen, waves dex will flourish!  :)

While sending your funds to centralized exchange technicaly the administration of this exchange have access to your money, some people think that spmeone can just grab their money and run away. While on decentralized exchanges stuff technicaly don't have such possibilities because private keys are not stored on their servers and people exchange their funds directly P2P with the other users.
Decentralized exchanges supposed to be more secure but for example Etherdelta was "hacked" not so long ago which makes me think that decentralization is not the solution for all problems. If the exchange staff pay necessary attention to cyber security then centralized exchanges gona be fine.

Basically its just that you have access to your private keys while in Binance for example you don't have control over the wallets.

I believe that decentralized exchanges will be important in the future.  Waves and Ether Delta are popular examples.  But decentralized exchanges have one fundamental weakness, and this is where Fiat meets cryptocurrencies.  Currently there is no way to buy cryptocurrencies with Fiat in a decentralized way.  Until this happens, the cryptocurrency market will be at the mercy of governments.

Decentralised exchanges are platforms whome administrators don't have access to your funds and data ( as any other things that are decentralised , there is not a third party between the buyer and the seller )
Read this article (https://www.cryptocompare.com/exchanges/guides/what-is-a-decentralized-exchange/) , it's really useful.
They may .
Bright

There are still some problems with decentralised exchanges:
-low volume,
-high fees to pay smart contracts in ethereum. Bitshares is cheap and fast but there are no possibilities to create complex smart contracts,
-need more knowledge to start trading for newcomers than in centralised exchanges.

But overall I believe in this in the long term and using many of them already. They will be much more popular especially with technologies for scalabitily of ethereum like plasma or sharding.

In my opinion decentralized exchanges will not last too much because so many governments are taking their positions in order to regulate the crypto markets and if they do this there won`t be too much space for them

Decentralized exchange in my opinion is mean exchange which the private key we own by self so we have full control with our money in that account. But currently decentralized exchange has lower volume than centralized exchange and for newbie trader think more complicated to trade here. And also only available some token to trade based in 1 blockchain only.

Decentralization is a system in which overall decision-making is left to the users of the system and the absence of any individual who can impose his will on other individuals without the consent of the majority of system users.
When the Bitcoin protocol is decentralized, third party services such as Bitcoin exchange, Bitcoin wallet software, or other software that ultimately enable people to manage bitcoins and run centrally or decentralized.
this technology is a very good innovation, I think this technology will not be able to replace traditional exchanges but can only accompany it.
and I think seeing a good potential now, will be a supporting factor that this technology is more advanced and favored by many people.

it's important for me as a user to know how much governments and others know about me
that's critical for security and tax
if decentralized exchanges make better exchanges and format then I certainly prefer them to traditional exchanges.

Decentralization is good!
But we can write anything and be completely sure of the truth, we can not.

This is the main disadvantage.
Today, the exchange is good, and tomorrow he will say send all the documents, otherwise we will block the account with all the money.
And it is impossible to fight against this.

A 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 (peer to peer) through an automated process. This system can be achieved by creating proxy tokens (crypto assets that represent a certain fiat or crypto currency) or assets (that can represent shares in a company for example) or through a decentralized multi-signature escrow system, among other solutions that are currently being developed.

This system contrasts with the current centralized model in which users deposit their funds and the exchange issues an IOU that can be freely traded on the platform. When a user asks to withdraw his funds, these are converted back into the cryptocurrency they represent and sent to their owner.

Here is some decentralized exchanges: OpenLedger Dex (https://coinpedia.org/decentralized-exchange/openledger-dex/), Waves Decentralized Exchange (https://coinpedia.org/decentralized-exchange/waves-dex/), Stellar DEX (https://coinpedia.org/decentralized-exchange/stellar-dex-guide/)

Decentralized exchanges are exchanges on which the money you own is held only by you. Decentralized exchange is not supported by anyone and your funds are always safe.

A 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 (peer to peer) through an automated process. This system can be achieved by creating proxy tokens (crypto assets that represent a certain fiat or crypto currency) or assets (that can represent shares in a company for example) or through a decentralized multi-signature escrow system, among other solutions that are currently being developed.
And we can trade for more ERC20 Token, Neo Nep5

Decentralized exchanges aim to improve the liquidity of crypto-assets more transparent and secure than the centralized counterparts present in the market today.., providing security to its users more freedom to make every transaction without failing the system with a third / centralized person to facilitate easy and secure transactions with complete self-control.,, excellent innovation for the future and the highest level of security,., all the security within you no one else holds it...

Hello,

A 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 (peer to peer) through an automated process.

There are some benefits of this decentralized exchange.

The most obvious benefit to using a decentralized exchange over a centralized one is their "trustless" nature. You are not required to trust the security or honesty of the exchange since the funds are held by you in your personal wallet and not by a third party.

Another advantage to the decentralized model is the privacy it provides. Users are not required to disclose their personal details to anyone, except if the exchange method involves bank transfers, in which case your identity is revealed only to the person that is selling or buying from you.

Thank you all.

Hi, a decentralized exchange is a new way to change cryptocurrency. You will need no third party to interfere in this process. That's why it's safe, fast and easy for the users.
Moreover, you will avoid a lot of security checks. Only with money transfers

Decentralized exchange are exchanges that transacts a p2p basis in which a user can directly trade their coins to other user without the use of a third party exchanger. In other words, your funds are much safer in decentralized than those of a centralized exchange.

As you know there are 5000 exchange at the moment - more than 70% are illigal. Who knows when does it close or  will be forced toclose ;)

As second you know centralized exchange is always not secure. When somewhere is concentrate lots funds ... there is always will to still it ( you know what i mean)

So in my opinion  I thing decentralizes exchange is posible between crypto-crypto.
If you going to exchange it into fiat you need pay fees, get through kyc and pay taxes - goverment will not give an opportunity to leave some spher without their glance

So, what is the best way to withdraw fiat now?

iknow one p2p exchanger where you can exchange into fiat - rates tied to coinmarket cap and no fees
anyway it is paymentsystem - not withdrow - as i told you above - where withdrow thera goverment and taxes

Which one?

StreamDesk is decentralized p2p platform which allows users to exchange crypto/fiat directly between seller and buyer, quickly, simply and safely. You can try it now!  https://streamdesk.io/

Or watch on the video https://www.youtube.com/watch?v=RmE0BIV-ODc

There are many concepts of "decentralized" exchange and all have advantages and disadvantages: some use limited master nodes or proof-of-stake instead of proof of work.

hello how are you?
How do you go about it? Multi-level business is very gut-wrenched by bad guys, and the profits from high-level business you can earn more from your participation in many chapters. Different business processes

They can't replace centralized exchanges and they can't be good alternative in the short term but in the long term projects like oax will be very strong competitors for centralized exchanges.

Decentralized exchange is a market that does not rely on any third party services to hold funds unlike centralized exchanges.It occurs directly peer to peer transaction.In decentralized system the cryptocurrency is represented by some proxy and when user ask to withdraw his funds,than these are converted back to cyptocurrency.It certainly reduces the risk of hacking and cheating.

Decentralized exchange is simply  an exchange that does not rely on third party service, the centralized exchange  is widely popular now but the benefit of using decentralized exchange is their trustless nature and the privacy it provides,

If you are considering some exchanges who can give you good time to let them sell bitcoin for you at low prices, this isn’t satisfactory and realty. You have to become so strongly minded that you only chose best thing out of different options. Don’t comprise on things, this life isn’t for comprising. You have chances so opt for that one that is more interesting to you at any level.

A 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 (peer to peer) through an automated process. This system can be achieved by creating proxy tokens (crypto assets that represent a certain fiat or crypto currency) or assets (that can represent shares in a company for example) or through a decentralized multi-signature escrow system, among other solutions that are currently being developed.

There are many that suggest we should switch to Decentralized Exchanges,
I'm still studying the pros and cons of Decentralized Exchanges so I can't say
there are far greater than Centralized Exchanges, but there are many altcoins
that are only available on Decentralized Exchanges.

I believe decentralized exchanges (DEXes) are going to be a significant competitor to traditional crypto exchanges in the future primarily because of the need for verification on most trading platforms. I'm sure most traders here have had to verify yourselves at one point or another and you know how long and tedious of a process this is compared to the old days, when exchanges didn't require KYC and all.

That alone is a huge pro of DEXes, but at this point in time I have noticed most DEXes are slightly too complicated for someone starting out in crypto to use- the use of a DEX requires much more technical knowledge than with a traditional exchange, and I feel that's one minor thing holding DEXes back. There's so much untapped potential in DEXes that can be unlocked with just a little bit of tweaking.

I'm already afraid of what awaits traders in the near future. Almost all new trading platforms will be dangerous, because due to the slightest mistake you can lose your money. at least for today there are still such exchanges as binance, IDEX and the like, where it is not necessary to provide personal data without fail.

I'm a big supporter of decentralized exchanges.  They should have good warning notifications for misplaced offers though.  I've seen some fatal mistakes on etherdelta before where people would pay 20 eth for a fraction of a coin because they mixed up the fields for entering price and quantity.

It is very difficult to implement a quick exchange on such exchanges, technologies and the blockchain itself are not very suitable.

A 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 (peer to peer) through an automated process.

give examples of decentralized exchanges and those that include non-decentralized exchanges so that new people can compare their exchanges, which are more appropriate to use

The decentralized trading platform is where many transactions take place and investors and sellers are able to accomplish their goals. If there is a guarantee and security for investors' accounts, I think the decentralized floor will develop very strongly.