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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Yasya on February 06, 2019, 02:23:48 PM



Title: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on February 06, 2019, 02:23:48 PM
Decentralization regards as one of the main advantages of the crypto world. Decentralization is the process of distribution of powers in decision-making without the participation of a centralized body. The lack of control makes the cryptocurrency attractive within many market players. Nevertheless, decentralization has its weaknesses and many institutions tend to develop rules and regulations to have control under important processes. These points are actual among cryptocurrency exchanges as well.

Most of the transactions at cryptocurrency exchanges proceed at centralized trading platforms. The centralized cryptocurrency exchanges are regulated by the definite company or person. The companies control all operation proceeded at cryptocurrency exchanges. The centralized cryptocurrency exchanges are the third party which connects sellers and buyers. The main profit of the centralized exchanges is getting by the commission of the transactions made by the users.

The centralized cryptocurrency exchanges store personal information about the users. This fact makes them very attractive to the hacker attacks. Also, most governments develop the regulations of cryptocurrency exchanges which require users to pass the verification process according to AML/KYC procedure. Such rules go against anonymity as the main principle of cryptocurrency. That’s why many users regard the verification as an inconvenient way of cryptocurrency trading.

As centralized cryptocurrency exchanges are controlled by the definite company the traders should accept the user agreement before the registration. Such agreements can create not very cleared conditions to their users. Some cryptocurrency exchanges, for example, have the right to block the user’s account without any warning if it is suspected of laundering money, receiving money from illegal activities and so on.

Centralized cryptocurrency exchanges provide good opportunities for the beginners. They provide users with a range of additional functions such as analytical materials, margin trading, stop loss, lending, etc. That’s why centralized cryptocurrency exchanges create attractive conditions for those who start trading.

Decentralized cryptocurrency exchanges work on the basis of smart contracts and can operate autonomously. That’s why the trading operations are conducted independently. There is no any intermediary, so the sellers and the buyers trade directly with each other. The decentralized cryptocurrency exchanges enable to store and to manage funds by users themselves. This fact makes decentralized cryptocurrency exchanges more reliable as they are less attractive for hackers attacks and quicker compared with the centralized exchanges, where the verification process can take a long period of time.

The technical support of decentralized cryptocurrency exchanges is more complicated. That’s why such exchanges need the high-experienced developers who can launch appropriate dApps. Also, the functionality of decentralized cryptocurrency exchanges is still limited and not so user-friendly.

Decentralized cryptocurrency exchanges enable to exchange one cryptocurrency to another anonymously. But if the user wants to exchange the fiat money then he should pass the verification at most of the decentralized exchanges. One more advantage of such platforms is that the users' accounts can’t be blocked by anybody. If the exchange is unexpectedly closed or its team is arrested, users will be able to withdraw funds, as they are stored in the blockchain.

Decentralized cryptocurrency exchanges give the opportunity to trade ICO tokens easier and faster. Centralized platforms require a higher degree of technical development before they can safely integrate a new token into their sites.

Decentralized exchanges have become popular recently, nevertheless, they have some significant disadvantages. One of them is the possibility of trading only tokens belonging to the platform. For example, decentralized exchanges based on Ethereum can only offer Ethereum network tokens. Also, there is a low trading volume at decentralized platforms because of limited functionality.
   
So what kind of cryptocurrency is better? The choice of each user depends on its demands and necessities. The centralized for sure is good platforms for newbies as they provide a trader with a range of user-friendly functionality. The experienced users can combine the trading at two types of platforms depending on the kind of operation. To our mind, the decentralized cryptocurrency exchanges maintain the main features of cryptocurrency and blockchain. That’s why they are more reliable, transparent and anonymous. Nevertheless, the world tends to regulate cryptocurrency operations so that the decentralized cryptocurrency exchange may have various barriers in their development in future.

Thanks a lot for all your comments. So there are different points of view.

The decentralized cryptocurrency exchanges regard as the new era of the exchanges. They are not controlled by a definite company and the users' funds are stored at their personal wallets. That’s why decentralized cryptocurrency exchanges provide the confidence and protection to the traders. There are a number of disadvantages in the functionality of decentralized exchanges compared with the centralized one.

I hope there will appear many DEXes in next few years with good volumes, performance and usability. Solutions that we have today are not that popular mostly due to their interfaces and slowness. But instead they have a lot of very important features such as security and many others.

of course decentralized was better, in term's of security DEXs have more point than centralized exchange.
when we use centralized exchange we entrust our money to them so if there are server down or exchange getting hacked you can imagine that all of our money in their exchange will also gone.
it's different compared to DEXs because orders and information routed in a peer-to-peer protocol.
but sadly mostly DEXs now still have to improve in their UI, because it's still confuse many people that new to DEXs.

Other opinions stated that the future belongs to the hybrid cryptocurrency exchanges. A key feature of hybrid exchanges is the parallel operation of centralized and decentralized systems.

Now there are hybrid exchanges. I think the future belongs to them. For example, at the development stage, the qurrex project.

But there are still many barriers to the development of hybrid exchanges.

Hybrid exchange are still new and we have few of them. The bearish market period does not give opportunity to determine the success rate of the hybrid exchange, none on the list high volume exchanges. Asides the security role and platform for large number of coins, the exchange will still have to compete for high volume trade and fiat exchange.  

So, the best way of protection is decentralization. That's why decentralized cryptocurrency exchanges are more secure. The lack of functionality of decentralized exchanges and the low level of protection of centralized exchanges have created the concept of hybrid cryptocurrency exchanges that can be a very perspective compromise in the future.



Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Minecache on February 06, 2019, 02:58:33 PM
I hope there will appear many DEXes in next few years with good volumes, performance and usability. Solutions that we have today are not that popular mostly due to their interfaces and slowness. But instead they have a lot of very important features such as security and many others.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: bolshojkush on February 06, 2019, 03:06:36 PM
Now there are hybrid exchanges. I think the future belongs to them. For example, at the development stage, the qurrex project.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: trudovik on February 06, 2019, 03:19:25 PM
My opinion definitely tends to ensure that all the same I see that decentralized exchanges should take their place among the fully-meaning cryptocurrency exchanges. In any case, I see that there is a sense in decentralization.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Reid on February 06, 2019, 03:25:07 PM
I hope there will appear many DEXes in next few years with good volumes, performance and usability. Solutions that we have today are not that popular mostly due to their interfaces and slowness. But instead they have a lot of very important features such as security and many others.

Have the same hopes. Volume is really the main problem.
At start, they have good volumes but once the trades becomes longer it slows down. No more buyers but more of sellers. Only those who retained are trying to make profit out of short changes.

Will it still be possible or are we hoping for nothing?
As of now it looks like we are being colonized by this centralized exchanges.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: royalfestus on February 06, 2019, 03:29:45 PM
Now there are hybrid exchanges. I think the future belongs to them. For example, at the development stage, the qurrex project.
Hybrid exchange are still new and we have few of them. The bearish market period does not give opportunity to determine the success rate of the hybrid exchange, none on the list high volume exchanges. Asides the security role and platform for large number of coins, the exchange will still have to compete for high volume trade and fiat exchange.  


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: kaito. on February 06, 2019, 03:44:52 PM
of course decentralized was better, in term's of security DEXs have more point than centralized exchange.
when we use centralized exchange we entrust our money to them so if there are server down or exchange getting hacked you can imagine that all of our money in their exchange will also gone.
it's different compared to DEXs because orders and information routed in a peer-to-peer protocol.
but sadly mostly DEXs now still have to improve in their UI, because it's still confuse many people that new to DEXs.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: StatesManG on February 06, 2019, 03:47:38 PM
At a point I can't say which is better anymore in times of trading fee. Some centralized and decentralized exchanges trading fees are alarming which kept me in a state of confusion


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: enhu on February 06, 2019, 05:13:59 PM


Though I prefer to trade with DEX because of anonymity. No IDs to pass is truly a market paradaise. DEX however is not really helping to make the prices of new tokens to rise up. A seasoned ICO investor will lose a big money out from his capital if a DEX doesn't announce when they would list a new token,i ts going to be terrible for an ICO investor. There is going to be someone who is first at dumping their stash at DEX.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: kingzpro on February 06, 2019, 05:20:51 PM
I do support the decentralized exchanges but to be honest most of them still have terrible user interfaces so most people and traders stillfind it confusing and complicated to trade at decentralized exchanges and that has also resulted in money loss due to wrong understamding of orders at decentralized exchanges so they definitely need a friendly interface.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: semobo on February 06, 2019, 05:25:46 PM
They have their own benefit so you need to pick what kind of exchange you are going to start trading based on your preference,if you are going to trade a lot and you will be doing very often then decentralised exchanges may nit have enough volume to complete your trade so it should be centralized best for you,or you will trade less and more concerned about security then decentralized exchanges are best for you.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: izanagi narukami on February 06, 2019, 05:29:47 PM
Everything have their own advantage and disadvantage so overall it's depend on the user whenever they choose based on their need.
Decentralized means that no one control it but we must understand, every new policy must supervise under the government because without their regulation, there will be no demand for them !


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Bttzed03 on February 06, 2019, 05:29:58 PM
~snip~

Will it still be possible or are we hoping for nothing?
As of now it looks like we are being colonized by this centralized exchanges.

To be fair, even some centralized exchanges have less volume now as compared before. Only the big ones are still able to maintain decent volumes. It's probably the effect of the current market situation.  


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: aprilnot on February 06, 2019, 05:30:52 PM
all have their advantages and disadvantages. I prefer to use both. if you want to find an exchange that has centralized high volume is the right choice. but if you want security DEX is a good choice.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on February 08, 2019, 01:24:31 PM
Decentralization is the main principle of blockchain technology. This is the most important and unique characteristic of cryptocurrencies that is confessed since the appearance of Bitcoin. Decentralization enables to get away from centralized control and distinguishes cryptocurrency from unsecured government money. This is the main principle of security and privacy. So why are the vast majority of cryptocurrencies traded on centralized exchanges, if this concept is so important for the fundamentals of crypto-ecosystems?

What are the advantages of centralized cryptocurrency exchanges? They are obvious. Centralized exchanges are generally user-friendly and provide high liquidity for Bitcoin and most altcoins. Many people are afraid of the idea of ​​taking the first steps in cryptocurrencies. The media is full of horrific stories about ICO fraud and illegal transactions on the darknet. Therefore, when it comes to trading in cryptocurrencies, it is not surprising that most users automatically choose the easiest option, because beginners do not have experience in trading even fiat currency, not to mention cryptocurrency. In general, large centralized exchanges make it easy to trade cryptocurrencies and rarely face liquidity problems. Unfortunately, this cannot be said about the first generation decentralized exchanges (DEX). You could wait for the execution of the order for several hours or a week there. But, despite these advantages, centralized cryptocurrency exchanges are terribly imperfect. In addition to the fact that it is impossible to trade anonymously on them, they require that you trust your funds to third parties, and as a result, an attractive asset is created that makes centralized exchanges as the main goal for hackers. To be honest, often the funds are attractive for the owners of the exchanges themselves. In recent years, cybercriminals have stolen more than a billion dollars from centralized exchanges. In my opinion, the advantages of centralized exchanges do not outweigh these two disadvantages which are lack of anonymity and the possibility of theft of your funds.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: bittick on February 08, 2019, 01:38:31 PM
~snip~

Will it still be possible or are we hoping for nothing?
As of now it looks like we are being colonized by this centralized exchanges.

To be fair, even some centralized exchanges have less volume now as compared before. Only the big ones are still able to maintain decent volumes. It's probably the effect of the current market situation. 
That's indeed and you can see that how the volume of stable coin has been growing a lot. That means a lot of people are keeping their money on the stable crypto rather than use it to trade in the market. Tether was having a non sense marketcap.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Buntel168 on February 08, 2019, 01:50:16 PM
I hope there will appear many DEXes in next few years with good volumes, performance and usability. Solutions that we have today are not that popular mostly due to their interfaces and slowness. But instead they have a lot of very important features such as security and many others.
I hope too, very easy to use decentralized exchange besides it is also very safe because the private key is only held by the user.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on February 11, 2019, 01:04:05 PM
The main problem of centralized cryptocurrency exchanges is security. The list of mass hacks is constantly growing, and the victims are always users. We have already witnessed the first major hacking of the year when Cryptopia lost 16 million dollars in Ethereum and ERC20 coins. The problem is that this is not an isolated case. Here is a small reminder of some others. In 2014, Bitcoin was stolen from Mt. Gox, while two years later Bitcoins for $ 72 million were missing from Bitfinex. These are two widely reported events. But there were many others.

A recent example of the Canadian platform QuadrigaCX, when the 30-year-old owner of the exchange Gerald Cotten went to India, where he died suddenly, and 12 days before his death, left a will in his wife's name. This case should make you think about the fate of your funds on centralized exchanges. Now no one will return $ 137 million to users of the cryptocurrency exchange. Private keys to the wallets of the exchange died along with its owner. Do not be surprised if soon we will see the movement of funds from these "dead" wallets. Centralized exchanges force users to transfer their funds to a third party, so the intermediary is always following the trading operations. This fact not only contradicts the fundamental principle of cryptocurrency but also makes users cryptocurrencies vulnerable to theft. As history has shown, when there are not enough security measures on the stock exchange to protect users, the theft of funds is happening. A centralized exchange requires only one mistake in order to endanger the security of each user. DEX solve this problem head-on. They eliminate security problems that interfere the centralized exchanges, allowing users to trade safely in a peer-to-peer network (P2P). There are no intermediaries, and traders never issue cryptocurrencies with their wallets. Assets are not stored on the exchange, so there is no way to steal them.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: sensay on February 11, 2019, 01:14:48 PM
99% of cryptocurrency transactions are still carried out through centralized exchanges, but this trend should change in the coming years. Switching to decentralized exchanges is necessary so that users of cryptocurrency can fully utilize their potential in harmonious interaction with blockchain.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Phonexy on February 11, 2019, 02:09:54 PM
I personally prefer centralised exchanges, they are very easy to use and although I am a blockchain enthusiast and love everything built on blockchain, I tend to dislike decentralised exchanges, trading on centralised exchanges is very fast and fees are very low.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: thefoex on February 11, 2019, 04:59:38 PM
I think both have their advantages and disadvantages. so there are no good and bad, all complementary. DEX and CEX, both are needed for the market. I use both types of exchange and I like both.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Ispep on February 11, 2019, 05:06:02 PM
It's all depends on customers choice and the use cases of the particular exchange,the both are good and I make use of centralized exchanges for some reasons.
And by the way decentralized exchanges are just coming up and are not yet as widely used as centralized ones
The major point to consider when choosing an exchange is security,and centralized exchanges provide them sufficiently


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: beerlover on February 11, 2019, 05:18:45 PM
In decentralized exchanges, I need to do extra transactions hence I need to pay extra gas whereas in centralized exchanges just a only one transaction is enough to start my trade. But, basically centralized exchanges are against why we are having crypto currency. Moreover, we are still depending on a third party even in the name of decentralized exchanges. Even for decentralized exchanges, the platform is being provided by a third-party and at the time of actual transaction we need to depend on that third party to finish off a trade.

I do believe the actual decentralized the way of exchange will be trading within our friends and relatives and with known forum members. I believe this will be the future and what we are having in the name of centralized or decentralized exchanges may get vanished over the time.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on February 12, 2019, 02:35:12 PM
Confidentiality is a basic human right, but centralized cryptocurrency exchanges do not support it under the pressure of regulators. Users must provide the exchange with their personal data, including a scan of their passport, home address, and personal photo with a passport in their hands. All information about users and their transactions, not only is stored on the stock exchange but also is transmitted to the tax authorities of those countries that are parties of the agreement Basel III. The list of countries which sign Basel III contains 121 states. Any person who has administrative access to the cryptocurrency exchange can identify anyone who sends and receives payments. These trade data can be easily stolen by hackers and sold to anyone, as well as can be used in other unethical or criminal activities. The first wave of decentralized exchanges, although not perfect, provided a greater degree of confidentiality. The absence of the registration process or centralized management meant that the users' personal data was not saved or transferred to anyone. At the same time, the P2P protocol eliminates the possibility of theft of funds or personal data. Decentralized exchanges solve the key problems that centralized exchanges suffer from, but they are far from ideal and need to be improved.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: zhekinsp on February 12, 2019, 02:44:22 PM
Until now centralised exchanges are most preferable exchanges by the traders so it could be the best if a regular trader but in security of your funds centralised exchanges are highly not recommended.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on February 13, 2019, 07:43:15 PM
The next generations of DEX platforms need to develop solutions to the problems that have constrained their predecessors. First, the main problem is liquidity. Users should know that if they want to buy or sell some currency, then at the other end there will always be someone who is willing to trade with them.

Finally, it is very important that decentralized cryptocurrency exchanges offer a simple and convenient user interface. Earlier DEX was a platform developed by experienced users for other experienced users. If decentralized exchanges want to develop, then they should make a user-friendly interface even for beginners that will be no worse than Binance or Bittrex.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Olayinka225 on February 14, 2019, 10:55:18 AM
As for me, I think I will go by centralized exchanges, but as a project manager, I will go with DEX. Some dex transaction fee is alarming dito to some centralized exchanges as well. But all the same DEX exchanges sometimes curb early dumpers from bounty hunters.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: LD2164 on February 14, 2019, 11:45:34 AM
The next generations of DEX platforms need to develop solutions to the problems that have constrained their predecessors. First, the main problem is liquidity. Users should know that if they want to buy or sell some currency, then at the other end there will always be someone who is willing to trade with them.

Finally, it is very important that decentralized cryptocurrency exchanges offer a simple and convenient user interface. Earlier DEX was a platform developed by experienced users for other experienced users. If decentralized exchanges want to develop, then they should make a user-friendly interface even for beginners that will be no worse than Binance or Bittrex.


The Blocknet has already solved both these issues. First by making its decentralized orderbook available over API, so that exchanges can share liquidity. Second by putting development into an application that looks/feels enough like a traditional CEX with an automated installation/setup process.

Also the fees are currently really low. I think takers are paying a set 0.015 Block for a trade right now.

Come try BlockDX on Blocknet. Links are in my sig


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: thaliaand on February 14, 2019, 12:41:13 PM
Both has its plus and minus. DEX and CEX have their own advantages and disadvantages, but also depends on the exchange itself in term of providing a convenience platform for trading. There are some hybrid exchange outhere now, so, I think users will have more option to decide in which exchange to trade.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on February 14, 2019, 04:55:45 PM
And the most important aspect of centralized exchanges in their present form is that they cause direct irreversible damage to cryptocurrency. Their main business for them now is Altcoin Casino. Their acts focus on the quick increase of certain altcoins cost, manipulation of the course, cutting clients, when suddenly the asset goes down unpredictably, smashing feet and mowing down deposits of gullible traders. Centralized exchanges open OTC platforms in order to put pressure on the price of assets, create visibility of nonexistent bids and offers. Such DEX platforms created by centralized exchanges is a mockery of the idea of ​​free cryptocurrencies. That is why Vitaly Buterin wished them to burn in hell.

As long as people trade on centralized exchanges, we will expect a fair bitcoin exchange rate for a very long time.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: caffu chino on February 14, 2019, 05:05:46 PM
both are good, depending on what you want to look for. if you are looking for a large volume CEX is the choice. but if you want DEX security the right choice.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: SaRmY on February 14, 2019, 05:11:57 PM
I can not choose for myself one exchange. Since they often perform completely different tasks for me. And sometimes my trading is much more successful on decentralized exchangers.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: justdimin on February 14, 2019, 05:18:51 PM
I can not choose for myself one exchange. Since they often perform completely different tasks for me. And sometimes my trading is much more successful on decentralized exchangers.
Successful in what sense ? Your orders get executed in more quicker time in decentralized exchanges ? I am sorry, I am not getting your point. So far I have used only centralized exchanges and I do hear the centralized exchanges are only for trading tokens. But, I'm not sure how you will be successful with your token trading compared to coins trading in centralized exchanges. Is there anything more that you have missed out to add here ?

I am familiar with centralized exchanges, even exchange hacking are happening more frequently, I am sure I am well aware of how to protect myself. My choice is centralized exchanges.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: trade2winnn on February 14, 2019, 05:25:36 PM
It is difficult to say in moments when there is hacking,and hackers,maybe even better than Central,because it can block accounts,but decentralized and gives more freedom,many can not afraid that their accounts of what happened,or project managers powerout,but the human factor is also not necessary to exclude the greed of people


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: timmmers on February 14, 2019, 05:38:14 PM
Vitalik Buterin said one day, that centralized exchanges will burn in the hell. I think that he knows what he is talking about. Thanks to centralized exchanges so many coins were stolen, so many IDs were abused by hackers and many more bad things were done by CEX.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: bitcoin-shark on February 14, 2019, 07:42:13 PM
on a personal level i prefer decentralized exchanges that can not be controlled, influenced by anyone, hybrid exchanges i do not like them at all, centralized exchanges could be good for beginners as long as the kyc is optional and not mandatory...


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: smoolae on February 14, 2019, 07:58:35 PM
Personally, it is like this:
Decentralized exchanges are usually built for some certain protocol (ERC20, Stellar, NEO) and are not compatible over different coins. But decentralization is the securest way to have the exchange, shutting down is impossible.
Centralized exchanges are comfortable to use and their UI is nicer and easier to use. 


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: nikola22 on February 14, 2019, 08:04:00 PM
centralized cryptocurrency exchanges are much better than decentralized at this moment of time. and trading volumes prove this statement.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: StarofBTC on February 14, 2019, 09:52:35 PM
on a personal level i prefer decentralized exchanges that can not be controlled, influenced by anyone, hybrid exchanges i do not like them at all, centralized exchanges could be good for beginners as long as the kyc is optional and not mandatory...
I heard few decentralized exchanges also started enforcing KYC. What we are calling as decentralized exchange is not purely a decentralized platform for ensuring all the freedom and concepts of decentralization but the part of having control on our privatekey alone made many people to believe into those exchanges as decentralized one.

I also personally like decentralized exchanges but I guess the chances of hacking and locking out funds or stealing privatekey of our deposit addy are still possible with currently available decentralized exchanges too.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: H1N1 on February 15, 2019, 07:05:00 AM
Centralized exchange is better in speed because the transaction is live on the central database.
But usually you will need to submit KYC when you want to withdraw a quite amount of coins.
In centralized exchange, you will be able to trading your coins for other coins e.g EOS/BTC, while the decentralized exchange cannot.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: biznes35 on February 15, 2019, 07:42:06 AM
Today I prefer centralized cryptocurrency exchanges. Since there is no such dynamics and very often such exchanges offer their tokens which also grow in price.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: michellee on February 15, 2019, 08:26:18 AM
Every system, decentralized and centralized has different advantages. We cannot say decentralized is better than centralized because the purposes of that system will be not the same. I don't mind to trade in the centralized or decentralized cryptocurrency exchanges, as long as I feel comfortable to stay and trade and I don't have any problem in that site. The problem with centralized is the customer data can get hacked, and that is a job for the exchanges to protect their user. Meanwhile, we don't have to send the document in the decentralized exchange, but we don't have many options to trade because the coins are only for tokens and not altcoin.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: malekbaba on February 15, 2019, 08:39:48 AM
Security and privacy, 2 major benefit of decentralized exchange. In DEX, the process of transaction is peer to peer. Means between 2 parties and funds remain in escrow till the end of deal and both parties get fund after the closing of deal.
Your wallet is not yours unless you secure the private key. DEX is getting popularity. Centralized exchange is against cryptography.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: muslol67 on February 15, 2019, 08:56:53 AM
If we look at the real story of the crypto money, it's one of the biggest features that it has to be decentralized. After bitcoin, centralized or half-decentralized crypto coins also appeared, but this cannot change the actual event.

The same goes for Blockchain. The fact that the book that records a transaction is decentralized can make it safe and reliable.

DEXs should definitely be preferred if we look at the subject from this perspective. But I'm not sure yet the market is ready for it! DEXs should become more preferable. Unfortunately, people are not ready for this. CEXs are preferred because they are more popular.

With the spread of DEX,

1) Market entry exit barriers and controls are eliminated.
2) KYC problems are eliminated.
3) Transparency increases.
4) The coins with the trade of blockchain and crypto money can reach their real value.
5) Manipulation and speculation is reduced.
6) ... I think we can increase this too much ...

NOTE: In some non-virtuous subjects, use may also increase. It may not be an obstacle for malicious use.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: talkbitcoin on February 15, 2019, 10:18:59 AM
Centralized exchange is against cryptography.

it has nothing to do with cryptography to be for it or against it.

centralized exchanges are simply special services that you have the option to use because they offer certain benefits that decentralized exchanges don't.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Felipeo on February 15, 2019, 02:51:57 PM
Its up to you which function you like about an exchange. For me I always like fully  decentralised exchange cause in most of the decentralised exchange which don't access my fund. So I use exchange like switcheo  idex some other decentralised exchange based in EPs and trim. But the problem with decentralised exchange is the trading volume. They don't have much trading volume in decentralised exchange and a lot of scams on it. For some coin i have to use centralised exchange like binance  kicking bitter. That's it. But in centralised exchange the security is doubtable.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on February 16, 2019, 06:34:02 PM
We need decentralized platforms with a convenient interface and good liquidity. But this sector is not attractive for big money yet as it is unprofitable for them. They will better create a dozen more projects like TRON or GRIN, parasitizing on the community's natural desire for decentralization and anonymity. If each user realized that he needed to withdraw all the funds from the centralized exchanges and at least half of them did so, then there would not be enough liquidity to withdraw all the cryptocurrency to cold wallets.  If you do not trade every day, withdraw your funds from centralized exchanges, otherwise, you will lose them sooner or later.



Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on February 18, 2019, 06:59:14 PM
The security of CEX is very fragile

A hacker ExploitDOT is trying to sell data from users of the leading Bitcoin exchanges (Bittrex, Poloniex, Bitfinex and Binance), which they provided as part of the KYC procedure. It is noteworthy that a pack of hundreds of identity cards costs only $ 10, according to CCN.

As the newspaper notes, ExploitDOT places its offers on the dark-marketplace Dread. Moreover, an independent cybersecurity researcher, who wished to remain anonymous, allegedly managed to get the real data of three users of the Binance exchange, pretending to be a buyer.

ExploitDOT even offers documents in bulk: up to $ 1 per 1000 copies, if the buyer places an order from 25 thousand.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: romero121 on February 18, 2019, 07:17:05 PM
Centralized cryptocurrency exchanges were more popular among the cryptocurrency users. Risk is also high with these exchanges, these exchanges have got the large trading volumes. This easily grabs the attention of crypto people compared to the decentralized exchanges which has got very small trading volume with larger trading pairs and listed tokens.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: joybella on February 20, 2019, 05:02:14 AM
For a couple of reasons, CEX is better. Every exchange gets hacked one way or the other one can be phished but CEX offers more liquidity and great UI.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: george_hured on February 20, 2019, 05:14:16 PM
Today, for some reason, it is customary to speak positively about decentralized cryptocurrencies. I think that today it is not just that and I’ll probably give more opportunities to this particular cryptocurrency exchange.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: prtty2gal2 on February 20, 2019, 08:33:20 PM
I will go for decentralized exchange because i always love to be anonymous when carrying out transactions especially financial transactions. Apart from being anonymous, decentralized exchange is better than using centralized exchange in terms of security, in the past years, we have seen how centralized exchange has lost a lot of its users money due to failure in good security of the exchange.

I will advise everyone to use decentralized exchange, but if you must use centralized exchange, make sure you send money to external wallet after trade.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: SistaFista on February 21, 2019, 02:08:31 AM
I think centralized cryptocurrency exchange is better than decentralized one because it is more responsive.
But some peoples prefer to using decentralized exchange to remain anonymous because usually in centralized exchange, you will need
to submit your identity data to withdraw some amounts of coins or tokens there.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Weeker on February 21, 2019, 03:57:08 AM
For a decentralized currency, the sense is most likely more precisely in such exchanges. Many now even refuse to identify in the projects.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Entei on February 21, 2019, 04:47:25 AM
I think the exchangeable exchanges are very promising although there is still no 100% in this definition. It's sad to see that only exchanges with big players add their favorite projects causing many to have prices that are not justifiable by their values. It's a market that is warming up and every month we see more discussions on the subject. Governments already have problems dealing with centralized exchanges, what will happen when there is 100% DEX in your proposal?


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on February 22, 2019, 02:49:11 PM
Binance DEX is decentralized or not?

Interesting post is here https://bitcointalk.org/index.php?topic=5112978.msg49862651#msg49862651


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: ujinice on February 23, 2019, 01:19:37 PM
If decentralized exchanges had similar functionality and interface as centralized exchanges, then they would not have flaws. But unfortunately, decentralized exchanges are very slow, they have an unfriendly interface and lack of functionality.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: r_delossa on February 23, 2019, 04:27:47 PM
This is a very difficult question and this depends on what you want to have by an exchange. If it is important for you to have control over your funds, you need to chose decentralised exchanges, but if you need a lot of trading pairs, you should enter Binance or Okex.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Felipeo on February 23, 2019, 05:36:46 PM
Its depends on you that what you want in a exchange platform. For me I don't like to give access of my coins to others so I always like to use decentralised one. For me. And security is also a matter for me that's why  decentralised is the most best kind of exchange for me. But i also face many kind of problem in centralised exchange the main problem is volume of the coin in most of the cases there is very low volume and its fine to buy for dex for its very hard sometimes to sell in dex. That's why I have to use centralised exchange sometimes.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on February 25, 2019, 02:10:56 PM
Will Mt.Gox relaunch?

Everybody is aware of the history of Mt.Gox cryptocurrency exchange. Nowadays Brok Pierce is running a project Gox Rising. The aim of the project is to relaunch the cryptocurrency exchange and to pay damages to the creditors. So the main points of Gox Rising are:

  • Restore brand of the cryptocurrency exchange
  • Get domain
  • Make all payments and the entire financial structure of the exchange transparent. Pay not at the rate of $ 400 for Bitcoin how it was set by the court but at the rate of the current situation
  • If there is no money left, then past creditors will receive income from the future operation of the exchange, and thus debts will be repaid.

Also, Brok Pierce claims he bought 12% of McCaleb's share, although this is nowhere confirmed.

Such a case can create a positive influence on the future of the crypto world and restore the confidence to cryptocurrency.

But can the project be implemented? What do you think?


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: accounting 181293 on February 25, 2019, 02:27:05 PM
depending on my needs, I personally use CEX more. centralized exchange (CEX) I like more because it has a large trading volume and there are many choices of types of coins that can be traded. but sometimes only using DEX for a number of tokens that I got from bounty campaign, DEX is used because there is no official market for the token.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on February 26, 2019, 01:39:16 PM
How much does listing at Binance DEX cost?

Now the cost of issuing an asset is 1000 BNB, and its listing is 2000 BNB. Since each individual user is allowed to register up to 20 addresses in order to receive 200 BNBs in a test network for each of them. One account at the main exchange is enough to accumulate a sufficient number of tokens and perform the indicated actions independently.

To release assets, users should use the Binance Chain command line interface, where they can set parameters such as the name of the token, the amount of emission, the possibility of additional emission, as well as burn and freeze the tokens.

To list the issued asset, the user must enter the appropriate command and specify the cryptocurrency, then make a deposit of the required size and wait for the approval of the proposal by the validators.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: jan.nicolas on February 26, 2019, 02:28:10 PM
Decentralized exchange is certainly much better than any centralized product. which you can meet on the market today, because today there are very big opportunities to manipulate prices through centralized services.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: joshv06 on February 26, 2019, 02:56:33 PM
Today I prefer centralized cryptocurrency exchanges. Since there is no such dynamics and very often such exchanges offer their tokens which also grow in price.
Quote
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Its not about in which you trade either it is centralized or decentralized, the problem with the centralized is it can be hacked anytime also your data's. where as decentralized system is open I am saying you that this is better think before investing because its your hardearned money. we also need to have a look on the development.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: CopMom on February 26, 2019, 03:20:56 PM
IMO, I believe that DEX is much better than centralized exchange because everyone can ensure that their identity can be safe cause they don't have to verify account on exchange to be able to trade on DEX while they have to do that on centralized exchange. But at the moment, number of DEX is too little and almost DEX are very terrible.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: sulis sudibyo on February 26, 2019, 03:31:41 PM
I prefer centralized exchange. because this type of exchange has a large trading volume. different from decentralization exchanges that rarely have large volumes.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: chocopapaya on February 26, 2019, 03:42:08 PM
I would say that it is important to have both.
Since each has its advantages and disadvantages, more options is always going to be better.
We as humans would ideally like to have one "best" service that we use.
But the reality is that a variety is always better.
And even having a lot of the same kind of thing is good to, because that competition pushes companies to have better products.

In the case of exchanges, I only use centralized when I need to do high volume trades.
Outside of that, I see no need for it.
Blockchain tech was meant to be peer to peer, so it fits the decentralized model nicely.
In fact, whenever possible, I just skip exchanges and just trade directly with someone.
I find buys through bitcointalk marketplace or sites like localbitcoins or localcoinswap.
I use an escrow to keep from being scammed.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: xuv500 on February 26, 2019, 05:17:05 PM
Well, I personally think its up to the users few are comfortable with centralized and few are comfortable with decentralized but all we need to focus is on safety of our assets where I feel decentralized is safer than centralized because all your data's might be hacked oneday.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: TrevorS on February 26, 2019, 05:43:27 PM
With decentralization, you yourself are the owner of your funds, and all responsibility lies with you. With centralization all the way around, while you have no guarantees. The choice is yours.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: abstractednerve on February 26, 2019, 11:56:01 PM
Decentralized exchanges are better because it obeys to the crypto's nature! But there is no crowd in Decentralized exchanges. All those centralized exchanges have huge volume but DEX has very low! Every year, big centralized exchanges have been hacking or scamming but still, people keep using it! The decentralized exchange is free and open for everyone to use, and there are no obstacles to trade, withdraw your assets. But in centralized, you have to go through a KYC procedure and therefore your money anytime can be hacked or compromised from the exchange. So, we need to move on to DEX and I hope within two years people will realize it and DEX will have good volume.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: fuer44 on February 27, 2019, 12:01:53 AM
I prefer a centralized model, because I think an exchanger must be managed by an individual or a team, not the user himself.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: suzanne5223 on February 27, 2019, 12:49:54 AM
I prefer centralized exchange. because this type of exchange has a large trading volume. different from decentralization exchanges that rarely have large volumes.
Centralized exchange site will always have the largest trade volume than decentralized because the government/senior regulators can meddling into exchange affairs and what the government want is to be able to control cryoto currency market. But, decentralized exchange are the exchange that protect the legacy of crypto currency birth.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: johnleo on February 27, 2019, 08:14:22 AM
I think currently centralized exchange is better then decentralized exchange because they already got the trust from crypto lovers and we already considered the top cex is the good one. DEX is new player in the crypto market and many new coin can be easily available in their market meanwhile to cex usually review  the new coin before available in their market.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Anonylz on February 27, 2019, 08:26:55 AM
As much as i know both cex and dex plays a significant role in the crypto market, but for now i would stick to the centralized exchange because some of them they have really gain much ground, and not every crypto enthusiast know how to operate dex by the way, between most cex have such cool and easy to use interface that suite both experience and inexperience traders, almost everyone in crypto community wants to see their token listed on Binance even though it's centralized exchange.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on February 27, 2019, 03:00:22 PM
NEO plans to launch DEX

NEO co-founder Fabio Canesin at Neo DevCon 2019 announced the launch date for the Nash decentralized cryptocurrency exchange. Canesin and the rest of the Nash team are ready to submit to the community an application that includes all the features of the DEX.

Prior to the immediate launch, the NEO community was asked to test the software in order to identify all potential bugs and vulnerabilities. According to sources, the launch of the beta version of Nash is scheduled for March 31.

According to the team, the Nash exchange is designed to eliminate all the problems of centralized cryptocurrency exchanges. In this case, Nash is not a simple DEX. Canesin himself describes it as a "financial platform for the economy of the future."


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on February 28, 2019, 02:37:46 PM
Switcheo decentralized cryptocurrency exchange launches its own over-the-counter platform

The project promises that the use of its existing smart contracts on the Ethereum and NEO blockchains will allow users to carry out transactions without counterparty risks and with extremely low commissions. The public beta test of Switcheo OTC starts on March 4th.

To attract traders to the new OTC platform, Switcheo will provide an opportunity for commission-free trading during the first month. In the future, users will be able to use SWTH tokens to get discounts on commissions.

Initially, Switcheo OTC will support a limited set of tokens and will not allow the exchange of assets issued on different blockchains. After upgrading the NEO V3 to the OTC platform, all compatible ERC20 and NEP5 tokens will be issued, including even those that are not in the main order book.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: raptorez on February 28, 2019, 02:41:10 PM
For some reason, it is considered that today there is a very large number of possible manipulations in a centralized space. But today, there are methods of struggle for this. It is for this purpose that the choice is made in favor of centralization.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Tipstar on February 28, 2019, 03:14:02 PM
The only reason why the centralized exchanges are already existing is dex are in their early stages now. Their UI not user friendly, no proper knowledge to users and the users using them are very low. The privacy issues and security issues are enough for centralized exchanges to be dumped for good.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: tokenrecord on March 01, 2019, 10:20:11 AM
Will Mt.Gox relaunch?

Everybody is aware of the history of Mt.Gox cryptocurrency exchange. Nowadays Brok Pierce is running a project Gox Rising. The aim of the project is to relaunch the cryptocurrency exchange and to pay damages to the creditors. So the main points of Gox Rising are:

  • Restore brand of the cryptocurrency exchange
  • Get domain
  • Make all payments and the entire financial structure of the exchange transparent. Pay not at the rate of $ 400 for Bitcoin how it was set by the court but at the rate of the current situation
  • If there is no money left, then past creditors will receive income from the future operation of the exchange, and thus debts will be repaid.

Also, Brok Pierce claims he bought 12% of McCaleb's share, although this is nowhere confirmed.

Such a case can create a positive influence on the future of the crypto world and restore the confidence to cryptocurrency.

But can the project be implemented? What do you think?

Thanks for the info. I merit this post.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on March 01, 2019, 03:16:19 PM
Will Mt.Gox relaunch?

Everybody is aware of the history of Mt.Gox cryptocurrency exchange. Nowadays Brok Pierce is running a project Gox Rising. The aim of the project is to relaunch the cryptocurrency exchange and to pay damages to the creditors. So the main points of Gox Rising are:

  • Restore brand of the cryptocurrency exchange
  • Get domain
  • Make all payments and the entire financial structure of the exchange transparent. Pay not at the rate of $ 400 for Bitcoin how it was set by the court but at the rate of the current situation
  • If there is no money left, then past creditors will receive income from the future operation of the exchange, and thus debts will be repaid.

Also, Brok Pierce claims he bought 12% of McCaleb's share, although this is nowhere confirmed.

Such a case can create a positive influence on the future of the crypto world and restore the confidence to cryptocurrency.

But can the project be implemented? What do you think?

Thanks for the info. I merit this post.

Thanks a lot!:)


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on March 01, 2019, 10:26:56 PM
BINANCE DEX CONDUCTING COMPETITION FOR TRADERS

Binance cryptocurrency exchange announced the launch of a contest for traders who want to test the capabilities of its new decentralized trading platform. The prize fund of the tournament is 10,000 BNB.

Any user of the main Binance site, who has at least 1 BNB, is allowed to participate in a simulated trading contest. Each Binance.com account that qualifies for the contest will be able to register a maximum of 20 Binance Chain addresses and will receive 200 BNB test tokens for each of them before the tournament starts.

The competition itself starts on March 7 at 8:00 UTC (the time until which registration should be completed), and consists of two parts.

The first part is a contest for the most healthy volatility of tokens that users can issue at the Binance Chain test network and applies only to token / BNB pairs. The starting price of each issued token should be 1 BNB, while there are no restrictions on their emission.

The winner of this competition will receive 3000 real BNB tokens, runner-up - 2000 BNB, third place –1000 BNB.

The second competition is designed to determine the winner by the absolute profit derives the from trading activity. The winner will receive 1000 BNB, the second place will receive  700 BNB, third place will receive 300 BNB. Additionally, 1,000 BNBs will be distributed among users taking 4-10 and 11-20 places.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: sandra_x on March 01, 2019, 10:32:09 PM
Ideally, decentralized exchanges are nice especially as it relates to privacy and censorship.But there are currently not very effective and do raise some legitimacu concerns as regard trading stolen tokens .Centralized exchanges do present a single point of failute as they can be hacked or shut down by the government. btce-e.com is an example.some of my funds are still trapped there


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: VanDeinsberg12 on March 01, 2019, 10:45:44 PM
Ideally, decentralized exchanges are nice especially as it relates to privacy and censorship.But there are currently not very effective and do raise some legitimacu concerns as regard trading stolen tokens .Centralized exchanges do present a single point of failute as they can be hacked or shut down by the government. btce-e.com is an example.some of my funds are still trapped there
The disadvantages of decentralized exchange does pays off with the privacy and money safety we get.
It is always better to get rather slow and clunky exchanges but our money is safe than rocket fast exchange but has the risk of losing money


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: abake on March 01, 2019, 10:58:05 PM
Nice write up. Let me air my view on this topic. I appreciate the ideology behind decentralized exchanges but the fact remains that the ones operational are not up to standard when compared to top centralized exchanges. Liquidity is always a setback in decentralized exchanges, user interface and speed of operation too. Usually the trading volumes on DEX are crappie, because many people do not really buy the idea of importing private keys or mnemonic and few use web3 extensions like metamask or hardware wallets. Looking forward to a day when DEX will be top notch. Well, I appreciate the development and trading volumes so far on IDEX.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on March 04, 2019, 01:39:38 PM
TOKENSALE FETCH.AI LASTED 22 SECONDS AND COLLECTED $ 6 MILLION

According to the post of head of the Binance CZ on Twitter, only 2,758 users from 19,860 were able to buy new tokens. The cost of the FET token was about $ 0.08. The cryptocurrency community quite strongly criticized the Binance cryptocurrency exchange for such a fast crowdsale, in which the overwhelming number of applicants could not take part. Users assumed that among users who bought tokens were only bots, the Fetch.AI team, as well as the Binance management.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Thanasis on March 04, 2019, 01:55:09 PM
When there is something like legit decentralized exchange it needs to be considered as best but currently not any DEXs can we say it is best compared to CEX so we can use centralized exchange when they got trusted by lot of people.But for storing purpose no exchange is better only the wallets with private keys needs to be used.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: D3m1r4wanti on March 04, 2019, 02:21:42 PM
Now there are hybrid exchanges. I think the future belongs to them. For example, at the development stage, the qurrex project.
hybrid exchanges this means combining two systems, namely the Decentralized system and a centralized cryptocurrency exchange system.
I don't know much about projects like this. I believe that this will be an excellent new breakthrough for the future of crypto exchange in the world.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on March 05, 2019, 03:31:25 PM
What are the next campaigns of Binance DEX?

Today CZ promised to announce the next campaign on the Binance Launchpad. He also said that at the current stage, the platform plans to conduct 1-2 campaigns per month, but does not have a clear schedule, instead of attracting interesting projects as they are discovered.

According to CZ, his company-issued BNB token currently has a higher practical value than most existing digital assets. Binance intends to continue to expand the list of partners that allow the use of BNB in ​their services.

In addition, BNB will become the Binance Chain blockchain's own token and the Binance DEX exchange. CZ said that eight relatively large projects had already agreed to transfer their tokens from Ethereum to Binance Chain in order to take advantage of the new blockchain, but did not clarify their names.

The rate of BNB increased by 15%.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Nivelir on March 05, 2019, 03:55:54 PM
Support for decentralization today is undoubtedly one of the most correct positions of our community, because decentralization today must be implemented everywhere. This is our future. That it will be ahead.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on March 07, 2019, 05:56:10 PM
The share of the Binance cryptocurrency exchange in the market increased to 52%

In the new research of the company Diar, Binance cryptocurrency exchange secures the status of a leading trading platform. Not so long ago, the volume of transactions at the Binance platform amounted to 52% of all transactions made with cryptocurrencies.

According to experts, the Binance cryptocurrency exchange is strengthening its position in the market not only by constantly improving the performance of the trading system but also by the recent launch of its own blockchain and decentralized Binance DEX platform.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on March 10, 2019, 06:52:35 PM
DEX Ethinex migrates to the new version of the platform

The decentralized version of the Bitfinex exchange moves to a new version of the 0x protocol, traders will be able to deal there from March 13th. Before this all current pending orders at the Etfinex exchange will have to be closed, the transfer will not affect deposits, as they are always in the clients' wallets.

Changes to the new protocol will make it possible to secure clients more with the help of additional signatures functionality, expand the number of different types of orders, improve visualization when working through MetaMask.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Jadz on March 10, 2019, 08:07:42 PM
I belive in DEX and expect interesting development : ViteX, Nash.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on March 11, 2019, 04:48:59 PM
Binance Exchange for eight hours will be spent on technical work

The leading cryptocurrency exchange Binance informed about upcoming technical works on the platform, which are expected to last about 8 hours.

The cryptocurrency exchange will go into maintenance on Tuesday, March 12, at 02:00 UTC.

At this time, accepting deposits, withdrawing funds and trading will be suspended, and deposits that will not be credited to users' accounts before the start of work will be received after their completion.

Also, the exchange noted that 8 hours is the estimated time, which may change in the process.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: proTECH77 on March 11, 2019, 05:02:28 PM
Support for decentralization today is undoubtedly one of the most correct positions of our community, because decentralization today must be implemented everywhere. This is our future. That it will be ahead.

As an experienced trader i prefer to trade on a decentralized exchange often than to trade on centralized typed, reasons be that my privacy is more worth to me than the profits claimed to be make on a centralized exchange. Freedom, transparency and anonymity is my first priority when choosing an exchange to trade in, "if not decentralize it wouldn't be centralized".   


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: valek.bruno on March 11, 2019, 05:04:05 PM
I began to notice that this question began to concern people more and more and it is very cool that more and more people are beginning to ask this question. Most importantly, we don’t need to forget that we are here for decentralization.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on March 12, 2019, 03:14:52 PM
If you are interested in starting the cryptocurrency exchange business, we are ready to help!

You can write to me here or in the telegram @YasyaICO


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Utuhikan on March 12, 2019, 03:36:21 PM
I think that crypto currencies are better when in a decentralized system. When this crypto currency is systemized centrally, it is no different from a fiat currency. I prefer if this crypto currency is in a decentralized system so that I can control my own coins. Therefore, it is natural that the government hates decentralization because the government cannot provide overall control of the crypto currency. Decentralization remains a good choice for crypto currencies and hopefully there are no problems with this decentralized system.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on March 13, 2019, 03:53:20 PM
Following the Binance Launchpad, 5 exchanges immediately announced the launch of ICO / IEO through their platforms:

1) Bitmax already had one ICO
2) Bittrex will hold the first Initial Exchange Offering on March 15
3) Kucoin launches Spotlight
4) Launchpad Huobi will have a special name - Huobi Prime
5) OKEX is planning the Launchpad


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: dicaprio on March 13, 2019, 03:56:12 PM
Centralized exchanges have a very strange feature to communicate with each other and regulate prices in the market. I think that many people already understand this process and many understand that the exchange is only for the regulation of prices on the cryptocurrency exchange.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: shadowduck on March 13, 2019, 04:04:22 PM
Centralized exchanges have a very strange feature to communicate with each other and regulate prices in the market. I think that many people already understand this process and many understand that the exchange is only for the regulation of prices on the cryptocurrency exchange.
centralized exchanges should not be trusted. it is important to understand that they do absolutely everything for their own purposes but not for users


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: cudora on March 13, 2019, 04:09:18 PM
I am sure that decentralised exchanges are better for me. I like the fact that I still have full control over my funds, even by trading, what you cannot expect on a centralised exchange. But such exchanges like Binance are offering much more token pairs to trade.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: vanya.pronin.1983 on March 13, 2019, 04:15:28 PM
It depends on what you like on an exchange. Decentralised and centralised exchanges have their own advantages and disadvantages and everybody decides for himself what should he get by trading on an exchange.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on March 14, 2019, 04:05:38 PM
The token exchange becomes simple and free with the help of Bancor Wallet

Bancor decentralized network launched a wallet for exchanging one token for another. A feature of this technological improvement is that the tokens are exchanged within the same network, even despite the fact that they are issued on different blockchains. Another important detail is that Bancor Wallet does not store private keys to cryptocurrencies, what centralized cryptocurrency exchanges do. At the moment, an exchange is available between tokens that are issued on the Ethereum and EOS blockchains.

Bancor Wallet is based on the BancorX protocol, recently launched by the company, which is the “language” of exchanging one cryptocurrency for another without the need to set up an account at a cryptocurrency exchange. In the future, such a solution can seriously hit cryptocurrency exchange businesses that earn billions of dollars on commissions charged when exchanging digital assets for others. Bancor Wallet has no commissions at all, and the transactions themselves are carried out instantly. Gradually, all 9,700 cryptocurrency pairs in which transactions are conducted will be transferred to the new technological solution. It is important that it becomes possible to transfer one token to another regardless of whether there are potential buyers and sellers of such assets as the exchange is carried out automatically. In addition, Bancor Wallet users have the opportunity to have access to all decentralized applications without leaving the wallet interface.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on March 15, 2019, 02:55:50 PM
Bittrex has suffered huge loss of reputation

Bittrex attempted to replicate the success of the Binance Launchpad by launching the IEO platform — the initial ICO token placement, carefully selected by the cryptocurrency exchange experts, suffered a colossal collapse. Potential investors who have already replenished accounts to participate in the first crowdsale RAID escaped from scam.

Fifteen minutes before the start of the ICO, it became known that Bittrex had selected a dummy project for the initial placement or could become an accomplice to outright fraud.

RAID is a blockchain focused on the gaming industry. Players get a decentralized protection of gaming items and content, the possibility of selling them, and smart contracts allow to create applications that collect and analyze game statistics or other useful options.

Investor interest in the RAID project was due to the partnership with OP.GG, which owns and collects information from virtual platforms: League of Legends, BattleUns PlayerUnknown, Overwatch and eSport. Literally 15 minutes before the start of the crowdsale, the company stated that its plans were not to transfer the data to the blockchain, so any speculation on this topic is fake.

Bittrex urgently canceled ICO, apologizing to investors, shifting responsibility to RAID and OP.GG. Apparently the cryptocurrency exchange has not fully understood the idea of ​​creating IEO, which consists in guaranteeing the ongoing crowdsales, that is, a thorough preliminary verification of startups.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: raptorez on March 15, 2019, 05:55:35 PM
This is no longer a standoff. I can confidently make a choice in favor of decentralization, because a person is subject to a great temptation to have dominance, that is, these are probably natural instincts that cannot be stifled.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Mmesooma1 on March 15, 2019, 06:01:46 PM
Decentralized exchanges are better for buyer because you can pick trades from specific sellers irrespective of last sale price. I like idex alot. The only shortfall for me concerning Dex exchanges is low volume


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: ajdar.muxin.79 on March 15, 2019, 08:20:17 PM
Decentralised exchanges are much better, because I have more trust in them. Nobody knows if you are going to get your funds back from an exchange because technically you do not have access to your funds anymore.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Ditlycel on March 15, 2019, 09:44:49 PM
Of course I like those and other exchanges, of Course I would use decentralized exchanges, as they are easier to trade , but due to the fact that little liquidity to use them very difficult, on this course I trade on centralized exchanges like bittrex


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: dearbesz1219 on March 15, 2019, 09:47:36 PM
I use decentralized exchanges mainly due to privacy and security. You can´t never trust centralized excanges.
For example now, I deposited to Bitmart money and I can´t withdraw them before doing KYC!  ::)


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: mrdeposit on March 15, 2019, 09:53:17 PM
Centralized exchanges have a very strange feature to communicate with each other and regulate prices in the market. I think that many people already understand this process and many understand that the exchange is only for the regulation of prices on the cryptocurrency exchange.
centralized exchanges should not be trusted. it is important to understand that they do absolutely everything for their own purposes but not for users
We can say that they manage exchange as they wish. Because keeping private keys or freezing money does not mean that they are trustless. These rules are notified when you register. Also, if these rules do not satisfy you, try the appropriate one.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: bestiya on March 15, 2019, 10:17:22 PM
Is not to say that some kind of crypto exchange is better or worse. Each of them was created to solve their problems. If you are worried about the safety of your personal data and anonymity - trade on decentralized exchanges. In any case, before trading on any crypto exchange, read the news and customer reviews about it.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: marilynmanson21 on March 15, 2019, 10:26:19 PM
I prefer centralized exchange rather than decentralize exchange, because decentralized has low liquidity in my opinion, just like IDEX.
But yeah i know that it has it's own advantages, i choose centralized exchange because it's secure, and I also use it as my own wallet.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Gabali126 on March 15, 2019, 10:50:57 PM
Both have their advantages and disadvantages. Decentralized exchange is mainly good when you don't want a trace to your wealth or trading activities. But it is sometimes difficult to work with and has fewer orders.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: asriloni on March 15, 2019, 11:06:18 PM
Centralized exchanges have a very strange feature to communicate with each other and regulate prices in the market. I think that many people already understand this process and many understand that the exchange is only for the regulation of prices on the cryptocurrency exchange.
centralized exchanges should not be trusted. it is important to understand that they do absolutely everything for their own purposes but not for users
quadriqacx has become the real proof about how bad it is, centralized exchange site was controlling anything and they never think about the users. But binance is a little bit better than any other centralized exchange site outta here.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Flezy on March 15, 2019, 11:12:58 PM
For me, decentralized exchanges is better, it gives me the idea or sense that I am in control of whatever am doing on the exchange, rather than a centralized exchange that will place a withdrawal or set conditions unfavourable to a certian few


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Cashi on March 15, 2019, 11:59:12 PM
I prefer secured and established exchanges over hyped exchanges. There are so many exchanges manipulating their volume to attract more traders and that's not beneficial for us users. Only one thing is worse, it's if the exchange is scam and stole peoples money. Or unsecure exchanges not caring about security because also security causes costs.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: aemma on March 16, 2019, 12:04:32 AM
From my own experience, decentralized exchanges are better. This is because, there are no many rules, just trade withdraw etc. But same can't be said about centralized exchanges.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: CryptoTech_ on March 16, 2019, 01:21:30 AM
I prefer decentralized because the system is very easy, does not require registration does not require a third person and most importantly does not need KYC, just waiting for time I think many people will move to the decentralized exchange because of some of the conveniences that I just mentioned


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Frequency on March 16, 2019, 09:45:29 PM
I think the first real DEX which will attracked volume and will have a great UI will be NASH.IO

Just take a minute to look at the co founder Fabio about why this is a real DEX also opensourcing sdk and api to developers best thing I saw in a long time, and yes I get the same feeling as I did in 2012 when first learning about Bitcoin...  ;)

https://youtu.be/Lz5g1VG5xAs

#trustyourselves do your own research!!!


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Leah38 on March 16, 2019, 10:21:51 PM
When I was just started learning as a trader, I use centralized exchanges. But as months followed I discovered these decentralized exchanges and it was easier to trade there. Some of the disadvantage I see on some decentralized exchange is there's a minimum trade needed. Some dont even have volume.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on March 18, 2019, 05:23:11 PM
SOUTH-KOREAN PROBIT CRYPTOORGE HOLDS IEO FOR FIVE SECONDS

In South Korea, the ProBit cryptocurrency exchange conducted the IEO of the LINIX project in five seconds. At the same time, investors bought all LINIX project tokens (2,625,000 LNX) at a price of $ 0.02.

The cryptocurrency exchange also announced the second stage of a tokensale, during which the organizers planned to sell 5,500,000 LNX at the same price.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on March 19, 2019, 05:07:15 PM
Former head of Mt.Gox Mark Karpeles sentenced to 2.5 years in prison

On March 15, 2019 the Tokyo District Court declared guilty of falsification of the statements of Mark Karpeles, the former CEO of the closed Mt.Gox exchange.

His trial began in July 2017. Interestingly, he was not accused of concealing income. He had to go to jail for 2.5 years, instead of the previous decision, in which he received 4 years in prison. However, according to a new court decision, Karpeles is set free, with a suspended sentence.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: jan.nicolas on March 19, 2019, 06:12:32 PM
It becomes incomprehensible to me why many people begin to forget the whole meaning of cryptocurrency and the whole idea of ​​decentralization. I think that today many people should understand that it is the decentralization that should attract people and that it should be rewarded today.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on March 20, 2019, 05:55:12 PM
If you are interested in starting the cryptocurrency exchange business, we are ready to help!

You can write to me here or in the telegram @YasyaICO


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: go4crypto on March 20, 2019, 05:58:49 PM
While decentralized exchanges are better for the safety of your coins, centralized exchanges are lot easier to use and have much lower trading fees. You could use both.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Emmy92 on March 20, 2019, 06:18:59 PM
Both offers different types of experience to users. Centralized exchanges offers a user-friendly interface which makes trading easy while decentralized exchanges offers optimum securtiy of users funds. But for me, I will go for decentralized exchanges any time any day.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Impaler on March 20, 2019, 06:29:03 PM
I always prefer decentralised exchange over centralised one. Cause I don't like to give the access of my wallet to other exchange. That's why I like decentralised one. But there is a lots of problem in decentralised exchange the main problem is volume. In most of the coins there is almost no volume. The txn  rate is also very low. So may be I like decentralised one but everyone have to use centralised cause there is less scam, more volume easy to take care of first fund.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: aemma on March 20, 2019, 07:19:01 PM
The truth is funds security matters a lot and can't be traded for anything, this is the main reason why I always prefer decentralized exchanges as it gives me the feeling that I am safe and secured while trading.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: mv1986 on March 20, 2019, 09:06:23 PM
The truth is funds security matters a lot and can't be traded for anything, this is the main reason why I always prefer decentralized exchanges as it gives me the feeling that I am safe and secured while trading.

If you put in the required effort to keep your funds safe on your own then yes, but if you aren't well equipped with security knowledge yourself centralized exchanges with regulation are fine.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: levvv on March 21, 2019, 02:44:26 AM
I prefer centralized exchange because it is faster than decentralized exchange.
But the disadvantage of centralized exchange is, your coins are stored in exchange wallet, not your own wallet.
The best security for storing your coins is by using your own wallet. So, i just using exchange wallet only for buying or selling.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: george_hured on March 21, 2019, 06:06:05 PM
To answer this question, you and I need to understand that history has already shown us the use of centralization in human history. I see that now there are real opportunities for the use of decentralization. I see that there are a number of people who accept this, but there are very few of us.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: mv1986 on March 21, 2019, 06:07:15 PM
I prefer centralized exchange because it is faster than decentralized exchange.
But the disadvantage of centralized exchange is, your coins are stored in exchange wallet, not your own wallet.
The best security for storing your coins is by using your own wallet. So, i just using exchange wallet only for buying or selling.

That's what people say who never lost funds on a centralized exchange. Once that happens to you you will see the importance of having both possibilities for trading.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on March 25, 2019, 03:34:58 PM
KUCOIN CRYPTOCURRENCY EXCHANGE ANNOUNCED CONDUCTING THE FIRST IEO ON ITS OWN KUCOIN SPOTLIGHT PLATFORM

Representatives of KuCoin cryptocurrency exchange shared information regarding the first IEO on their KuCoin Spotlight platform.

While the exchange has not published the details of the upcoming crowdsale. As previously reported, the distribution of tokens will be conducted in the order of receipt of applications from verified users. The sale will be carried out for its own digital currency exchange KCS.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Frequency on March 26, 2019, 09:25:25 AM
DEX being slow will soon be history with nash.io going live for public somewere June or July and add BTC pairs Q4 2019
Now think about Nash’s value proposition in relation to these CEX exchanges:

Regulatory Complians Check
Performans                Check
Secure non custodian Check
Fiat on/off ramps       Check
International             Check

BETA launch on 31 March so Open your NASH account its by invite only:

https://nash.io/referrals?code=kukTp3


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on March 26, 2019, 02:58:06 PM
OKEx cryptocurrency exchange will launch a decentralized trading platform on the OKCHain blockchain

Currently, the OKChain blockchain is in the final stages of development. According to the company, the launch of the test network is scheduled for June this year. After the network becomes stable enough, OKB’s own token will be transferred to it, which will later be used to pay commissions, as well as in its own decentralized network applications.

However, the most important purpose of OKChain is to launch the OKDEx decentralized exchange, on which pre-sales will be created using the OKB token.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Iyeman on March 26, 2019, 03:28:41 PM
The truth is funds security matters a lot and can't be traded for anything, this is the main reason why I always prefer decentralized exchanges as it gives me the feeling that I am safe and secured while trading.

If you put in the required effort to keep your funds safe on your own then yes, but if you aren't well equipped with security knowledge yourself centralized exchanges with regulation are fine.
It does not give you a lot of guarantee about how many exchange sites have called themselves as regulated exchange site but when they got hacked and they never try to pay back the users money. cryptopia is an example about how bad it is.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Uju4real on March 26, 2019, 04:24:48 PM
For me decentralized is it, I like my anonymity a great but the issue is that most people find using the decentralized confusing and at such most losses their coins


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on March 27, 2019, 01:31:31 PM
Kraken creates a division to ensure the security of a cryptocurrency ecosystem

In the light of various incidents with the hacking of trading platforms and other services, Kraken intends to take a series of measures aimed at improving the security of its product and the cryptocurrency ecosystem as a whole.

As a primary measure to increase security, Kraken introduced mandatory two-factor authentication for the accounts of all its users. The option has been available since September 2013, but until recently it was activated voluntarily.

The Kraken Security Labs division will be formed on the basis of the exchange, whose task will be to increase the security of the entire cryptocurrency ecosystem by checking the vulnerability of third-party products, such as hardware, software wallets, etc.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on March 28, 2019, 04:51:56 PM
Huobi unveiled the statistics of the first IEO on the Huobi Prime platform

The Huobi cryptocurrency exchange shared some statistical data regarding the IEO of the TOP Network project on its Huobi Prime platform.

In total, 3,764 users could take part in the campaign, sharing between themselves 1.5 billion TOP tokens during three sales rounds, the first of which ended in 7 seconds, the second - in 5, the third - in 7. In total, about 130 000 people tried to acquire tokens.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Cellerex on March 28, 2019, 05:49:19 PM
I think it's hard to say which kind of exchanges is better. For decentralized exchanges, a plus is their reliability and security, and for centralized exchanges, a plus is speed and convenience. I think that in the future a direct exchange of cryptocurrencies will be made through the gateway, and not through exchanges as it is now. But it will not be soon. In the meantime, I advise everyone not to waste time and invest in promising coins such as Tera Smart Money or Sound Money Coin!


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: arpon11 on March 28, 2019, 06:02:24 PM
I personally prefer centralised exchanges, they are very easy to use and although I am a blockchain enthusiast and love everything built on blockchain, I tend to dislike decentralised exchanges, trading on centralised exchanges is very fast and fees are very low.
I do prefer decentralising exchange because you have the control of your passkey and that is what is most important in blockchain technology and decentralized system compared to the third party system and the centralized exchange.  However,  because of the ways majority of the centralized exchanges like : poloniex,  bittrex, binance, cryptopia and hitbtc has performed we tent to like centralized exchanges more than the decentralising one.  In centralized exchanges our fund is not safe and it can be easily been manipulated but decentralized one help in safeguard our funds.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Petchant on March 28, 2019, 06:28:15 PM
For now, centralized exchange is better because of the issues of volume and interoperability. If decentralized exchange cab solved those two issues then centralized exchange will lose value because many will prefer an exchange platform that they have full control over their activities and funds.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: De_nis on March 28, 2019, 07:47:35 PM
The classic crypto market should be decentralized, but this is dangerous for the global predictor and the global financial system, so we see KYC in almost every exchange.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Pecunia non olet on March 28, 2019, 07:52:56 PM
Vitalik Buterin said that centralized exchanges will die in hell, I have same opinion about that, many hacked centralized exchanges caused a lot of problems in crypto industry plus these problems were spread around the whole world thanks to mass media (that means that people are afraid of having cryptocurrencies).


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on March 29, 2019, 12:20:03 PM
Everex cryptocurrency per day increased by 258%

The capitalization of the coin exceeded $ 24 million, it took 146 place in the ranking of the largest in this indicator of digital money

For 1 day, the average market price of the Everex (EVX) token has risen by 258.21%, now it is $ 1.08. The coin began to grow after the project developers in their twitter account announced that they received permission from US regulators to perform domestic and international cryptocurrency transactions.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Correlll on March 29, 2019, 12:22:06 PM
If you are a trader with big amount of crypto, you won't need a decentralised exchange because the trading volumes are really low, the only one that can provide such a trading volume is IDEX, but only ERC-20 tokens are listed there.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: cryptolidus on March 29, 2019, 11:02:43 PM
I would like to say DEX-es are better but in reality they are not user friendly and with low liquidity. Hopefully it
will change in the future and DEX-es will be more used with better user experience.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: bakermaker123 on March 31, 2019, 03:42:05 PM
Both DEX and Centralized exchanges are fine for me as long as the transaction fee of it is low. I just want to trade my token and in trading, I always minimized every cost that I take. That's why I loved this exchanged on my signature , you should check it sometimes. (Cat Exchange)


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Nwankwobtt on March 31, 2019, 03:50:40 PM
Idex is one of my best exchanges. I like decentralized exchanges because its safe. I am privy to my private keys and its teach to transaction on unlike the centralized exchanges that charge as much as 3 dollars for withdrawals


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Capt00 on March 31, 2019, 03:58:45 PM
Idex is one of my best exchanges. I like decentralized exchanges because its safe. I am privy to my private keys and its teach to transaction on unlike the centralized exchanges that charge as much as 3 dollars for withdrawals
But mostly decentralized exchange like Idex is only ethereum base/pairs only. A decentralized exchange is good but I don't know if you have a problem who will assist you there. What about a semi-decentralized exchange, like Binance. You can pass KYC if you withdraw more than the limit 2 BTC but if less than that you are exempted of KYC. Both decentralized and centralized exchange have pros and cons so you can definitely choose which better.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on April 01, 2019, 02:42:13 PM
Bithumb cryptocurrency exchange hacked for the third time

Last weekend, the South Korean cryptocurrency exchange Bithumb reported that it had been a cyber attack for the third time in the last two years. The first Bithumb hacking occurred in July 2017, and then an unknown amount of Bitcoin and Ethereum (for several million dollars) was stolen from the accounts of the exchange. The second hack occurred in the summer of 2018, and attackers kidnapped about $ 31,000,000 in cryptocurrency (mainly Ripple).

Now, representatives of the exchange reported that on Friday, March 29, 2019, anomalous activity was recorded on the company's hot wallet, moreover, insiders were suspected of facilitating this attack. The statement also emphasizes that the incident affected only the hot wallet of the exchange and the means of Bithumb itself, while the cryptocurrency of users on a cold wallet was safe. Specific amounts and any details of what happened in the official statement have not yet been disclosed, citing an investigation that has not yet been completed. Bithumb has already notified the law enforcement agencies.



Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: e@symode on April 01, 2019, 02:46:41 PM
I do not think that there will be people who have made a choice in favor of centralized systems, although probably if this is the case, then people have something to do with these centralized exchanges.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on April 02, 2019, 01:42:11 PM
Gate.io plans to launch a decentralized exchange by the end of the year

By the end of 2019, Gate.io cryptocurrency exchange plans to distribute the internal token of GateChain’s own blockchain, as well as launch a decentralized exchange. The project roadmap is published on the official site of the platform.

With the help of the GT token, users will be able to pay transaction fees and listing on DEX, to attract investments on the Gate.io platform. Miners will receive a token as a reward.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: dicaprio on April 02, 2019, 03:51:13 PM
There is a big difference and those who really understand it choose decentralization. Today, decentralization can be used in many cases in addition to exchanges. I think that many already understand this.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Adriano2010 on April 02, 2019, 03:58:55 PM
I think we need both, some of them can still be not so secured and can lost coins if someone attack them, but i like both, i used etherdela in past and Binance, i still use now Binance. There are difference between, but Binance was faster.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Pamadar on April 02, 2019, 04:24:36 PM
Idex is one of my best exchanges. I like decentralized exchanges because its safe. I am privy to my private keys and its teach to transaction on unlike the centralized exchanges that charge as much as 3 dollars for withdrawals
But mostly decentralized exchange like Idex is only ethereum base/pairs only. A decentralized exchange is good but I don't know if you have a problem who will assist you there. What about a semi-decentralized exchange, like Binance. You can pass KYC if you withdraw more than the limit 2 BTC but if less than that you are exempted of KYC. Both decentralized and centralized exchange have pros and cons so you can definitely choose which better.
It would be for the traders where they are comfortable to deal with, since there's a lots of options around this market, there's positive and negative
opinions from each traders, it can only be conclude by the end users itself and choice which platform is the one that will let them practice and execute
there trades.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: wenwen on April 02, 2019, 05:15:47 PM
I think centralized cryptocurrencies are not quite exactly what cryptocurrency are supposed to be. You can call me a crypto-traditionalist but I think that the main feature of crypto is anonymity, and centralized crypto with it's KYC system is refuses this feature.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on April 03, 2019, 10:55:55 AM
Huobi has updated the rules for IEO after the rapid campaign of TOR Network

The Huobi Cryptocurrency Exchange, based on user feedback, changed the rules for conducting IEO on its Huobi Prime platform.

Now users who have had a minimum of 500 HT within the previous 30 days, or a larger amount of funds during a shorter period, can take part in the campaign.

New rules for Huobi Prime will increase the number of successful transactions in the rush that accompanied the tokensale.

The next IEO is scheduled for April 16th.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: valek.bruno on April 03, 2019, 01:27:21 PM
The same can be said not only about the exchanges. Today there is a need to talk only about decentralization, because it is decentralization that is a way out of our human corruption, it is such a link that can really improve the situation.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on April 04, 2019, 12:54:41 PM
The launch of Binance DEX can take place in April

The launch of the main network of the Binance DEX decentralized exchange can take place as early as this month. This was announced by CEO Binance Changphen Zhao during his speech at the Deconomy conference.

He also added that the next cryptocurrency exchange will be launched in April with the support of Fiat Binance Singapore, the beta testing of which began last fall.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: D1jay on April 04, 2019, 01:19:49 PM
The launch of Binance DEX can take place in April

The launch of the main network of the Binance DEX decentralized exchange can take place as early as this month. This was announced by CEO Binance Changphen Zhao during his speech at the Deconomy conference.

He also added that the next cryptocurrency exchange will be launched in April with the support of Fiat Binance Singapore, the beta testing of which began last fall.

if Binance lunch their Dex, then i will probably start using one again with the hope that there ui will be alot better than the rest of the dex we have around, i have only trade on idex and was not too complicated ;D but most dex just makes trading or normal buying appear to be difficult because of their look and design, i always feel comfortable transacting on centralized exchange 8) so i will be looking forward to binance dex and what it has to offer.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: WatchMaker on April 04, 2019, 02:26:12 PM
For me, I think centralized exchanges are cheaper, better and more safer compared to decentralized ones. Centralized exchanges are the ones that normally have a strong team of managerial staffs, a good security team that upgrades and monitor the exchange servers and system applications, while decentralized exchanges has fewer staffs, most of them works remotely with very few coins to trade.   


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Dennicex on April 04, 2019, 02:28:02 PM
For me, I think centralized exchanges are cheaper, better and more safer compared to decentralized ones. Centralized exchanges are the ones that normally have a strong team of managerial staffs, a good security team that upgrades and monitor the exchange servers and system applications, while decentralized exchanges has fewer staffs, most of them works remotely with very few coins to trade.   
Centralized exchange is faster and more convenient but not safer. Only decentralized exchanges can provide users with a guarantee of the safety of funds being exchanged.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: CryptoCoinArbitrage on April 04, 2019, 11:37:17 PM
Crypto is about decentralization and the classical exchanges are centralized and hold your private keys and
practically they are owning your funds like banks do. On the other side decentralized exchanges are not used as they are still not user friendly and not trusted as there is no customer service there who to complain if something goes wrong.

 


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Kang Bahar on April 05, 2019, 04:12:58 AM
Between both, of course, DEX is better than the CEX.
- We can trade anonymously without having to go through the KYC procedures such as centralized exchange like Bittrex, Indodax, etc.
- And we can buy and sell coins or tokens without a minimum amount.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: VAGR on April 05, 2019, 10:27:02 AM
Between both, of course, DEX is better than the CEX.
- We can trade anonymously without having to go through the KYC procedures such as centralized exchange like Bittrex, Indodax, etc.
- And we can buy and sell coins or tokens without a minimum amount.
I also support the opinion that decentralized exchanges are closer in spirit to a cryptocurrency society. Any attempts to limit and control interfere with a free society.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: laredo7mm on April 05, 2019, 10:31:39 AM
Now centralized exchanges remain an option even though it is actually better decentralized, but it really depends on the people who choose it, the risk is also great in the exchange


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: TastyChillySauce00 on April 05, 2019, 10:40:59 AM
Now centralized exchanges remain an option even though it is actually better decentralized, but it really depends on the people who choose it, the risk is also great in the exchange
The centralized is still a prioritized exchanges for many because it's more convenient when it comes to speed, functionality and simplicity although decentralized exchange is more secure, people still think that they are only saving their money in centralized exchange for temporary anyway.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on April 05, 2019, 12:20:53 PM
COINBASE EXCHANGE HAS INSURED ITS OWN CRITICAL CARDS FOR HACKING

Representatives of the Coinbase cryptocurrency exchange said that the company has an agreement with an insurance broker covering the theft of cryptocurrencies from hot wallets in the amount of $ 255 million.

Coinbase vice-president said that insurance services for hot wallets are much more expensive since the likelihood of hacking such stores is much higher.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on April 05, 2019, 12:24:06 PM
The launch of Binance DEX can take place in April

The launch of the main network of the Binance DEX decentralized exchange can take place as early as this month. This was announced by CEO Binance Changphen Zhao during his speech at the Deconomy conference.

He also added that the next cryptocurrency exchange will be launched in April with the support of Fiat Binance Singapore, the beta testing of which began last fall.

if Binance lunch their Dex, then i will probably start using one again with the hope that there ui will be alot better than the rest of the dex we have around, i have only trade on idex and was not too complicated ;D but most dex just makes trading or normal buying appear to be difficult because of their look and design, i always feel comfortable transacting on centralized exchange 8) so i will be looking forward to binance dex and what it has to offer.

You can read an interesting topic about Binance DEX here https://bitcointalk.org/index.php?topic=5112978.0


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: trudovik on April 05, 2019, 12:30:08 PM
These are very controversial concepts, because lately many people have already started asking themselves a reasonable question, what is decentralization and how does it work today, for example, in BTC.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: cribusen on April 05, 2019, 02:33:56 PM
It always depends on you and your preferences. If you would like to have an exchange with the biggest amount of trading pairs and volume, you are welcome to use centralised exchanges, if you prefer anonymity, decentralised exchanges are best for you.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: crenfrosck on April 06, 2019, 09:50:30 PM
I am in favour of decentralized. At this point, anonymity is what I demand from those companies: and only decentralized ones, basically ”not owned” are those which can fulfill my desires. Filling orders and minding my own business without any intervention from the government: that's what I like ;D! On the other hand, institutional investors have no other possibility than centralized and licensed exchanges, so they play their role as well. It stands on your own goals: do I want privacy or probably less risky and more non-tech friendly environment? That is up to you.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: marks1976 on April 06, 2019, 10:42:27 PM
These are very controversial concepts, because lately many people have already started asking themselves a reasonable question, what is decentralization and how does it work today, for example, in BTC.
Not so many exchange sites are truly decentralized exchange site. I should remind you there was a lot of dex are not having a good system and it can make the funds become centralized too. BTC in the different case if you are tried to create a comparison with it


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Frequency on April 08, 2019, 08:50:13 AM
I am very excited...I'm starting BETA testing 14April of the NASH.io fintech platform which includes a DEX and many many more future crypto fintech products.

They claim the UI/UX speed of a CEX build in a DEX, so lets see if the team (CoZ NEO) can provide the first real DEX as they promised.

Also they will be the FIRST DEX with fiat on-off ramps and the First DEX with BTC pairs end of this year,

Very important for me is they are embracing regulatory compliance so not on some vage tax-avoiding Island like most CEX including Binance to avoid laws. For example their NEX token is a registered STO in Europe and they already have money transmitter licenses in most US states.
With this regulatory path they could take a whole new fintech sector including stockmarkets ect.ect.

Last but not least if your knowledge goes furter then just reading and talking .. for our Devs they will provide open source SDK packages and API´s for developers to interact with their matching engine and gain more volume and liquidity giving high volume traders eccess to their new build protocols.  #trustyourselves #DoYourOwnResearch



Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Dennicex on April 08, 2019, 09:13:06 AM
I vote for decentralized exchanges with both hands. It seems to me that they are safer and more honest. I do not see anything inconvenient to use the DEX. They are slow, but if you are not a professional trader, but simply want to buy or sell a coin, then this is not a problem. I literally yesterday bought a Sound Money Coin coin on ForkDelta - everything is convenient and simple. No KYC, no expectations and experiences.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on April 08, 2019, 12:42:46 PM
COINPULSE CRYPTOCURRENCY EXCHANGE STOPS TRADE OPERATIONS FOR AN UNCERTAIN TIME

Panamanian cryptocurrency exchange called CoinPulse announced the suspension of trading for an indefinite period due to problems with liquidity.

Users will be able to withdraw their assets from the site until February 7.

At the moment, CoinPulse management is looking for investors who want to buy an exchange.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: masterrex on April 08, 2019, 02:14:49 PM
I think im still choose the centralized exchange, Because in terms of volume decentralized exchange (DEX) is cannot compete with the centralized one,  i want to used DEX but the hindrance is the volume its very important for traders in order to gain more profit. DEX must innovate more to catch up the Centralized Exchange.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: JayCue on April 08, 2019, 03:26:51 PM
I prefer to use decentralized exchanges because of the anonymity that they give to their users. You don't have to worry if somebody is stalking on you because your transactions are fully anonymous. That's the very first feature that centralized exchanges can't give to their users.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: Yasya on April 09, 2019, 08:34:19 AM
In the test Binance Chain passed hard fork

Binance cryptocurrency exchange announced the successful completion of the hard fork in the test network of its blockchain Binance Chain.

The changes compared to the previous version include the update of the key components of the Tendermint consensus mechanism, the optimization of the validator's workflow management and the performance improvements.

Recently, CZ reported that the main network Binance DEX can be launched before the end of this month.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: dobolspeed3 on April 09, 2019, 08:38:01 AM
I prefer to use decentralized exchanges because of the anonymity that they give to their users. You don't have to worry if somebody is stalking on you because your transactions are fully anonymous. That's the very first feature that centralized exchanges can't give to their users.
What you are doing is good, maybe in the future I will do that. Trying to use a decentralized exchange. I seem to be very interested in what you say that using the decentralized anonymity exchange they give to their users, Thank you for the information.


Title: Re: Decentralized vs centralized cryptocurrency exchanges, which one is better?
Post by: anatolij.shishkin on April 09, 2019, 08:41:25 AM
But how is it anonymous. If you have at least once in your life gone through a confirmation of identity on the stock exchange, all of your transactions can already be safely traced. Because all transactions have an open list.