I do not think that it is generally the right tool. I believe that this is a tool that was created to cheat people. avoid participation in IEO in which you need to buy exchange tokens
I agree with that. This is pump and dump scheme of the exchange's token. Everyone should be able to buy IEO tokens with BTC, ETH, etc. |
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Do you believe in IEOs nowadays more than ICOs back in 2017 ?
What you mean believed? On my perspective, I like IEO in terms of profiting but this isnt guaranteed of the greatness of the project. For sure they are legit and have funds to get listed on big exchanges but it is not mean that they have a good or interesting project. ICOs still have chance since the people who are really into crypto will understand if the project has a future or not. IEO is good if youre plan is to made profits. Well said! Our team is on the same page. However, most of the people are hyped by the IEO wave... It is exactly the same as ICO by technical point of view, but Exchange takes part of the cake that should go for the core team and development of the project... |
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Yes IEO is safer than ICO, if not for the scammers plauging ICO IEO will never exist today, investors are tired of ICO and it's affecting even boy to hunters as well so IEO should be able to fix or limit scam rates,
Yeah it is true. The exchanges are taking the DD process and only legit teams and products are offered to the audience, at least it should be like this  The Problem is that CEX have a lot of control over the token sale process and this could lead to corruption or high prices for IEO on a good exchange. |
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Do you believe in IEOs nowadays more than ICOs back in 2017 ?
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The concept of a decentralised exchange is obviously good, and it takes away the counter party risk that traders have to deal with every time they deposit funds into an exchange. Especially in this day and age where KYC can be used as a legal reason to hold people's funds.
However, the integration of different coins and trading pairs over different platforms, especially in regards to the integration of fiat currency is still uncertain with decentralised exchanges.
Perhaps a protocol can be developed in the future that allows this to happen, but I think that people currently are still not fully comfortable with all aspects of a decentralised one yet. They instinctively still want support and fear that they won't get that with a decentralised system, and often the spreads on decentralised exchanges are just too high and there is a general lack of liquidity. I'd definitely be willing to use one in the future though, if these problems can be solved.
It is very early still and people are not ready for pure decentralization. We hope that in the next years, with more and more education and different blockchain tools, everyone will start using DApps seamlessly, like the way people started using internet applications. |
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In addition to the above, I would say that many trading pairs are non existent on the DEXs. This is very unfortunate, because sometimes I would use the DEX despite the high fees, despite not having enough trading volume, or despite the unfavorable prices. What I like with the DEXs is that they have no verification and preserve your privacy to a certain extent. IMO, privacy trumps over all the other advantages of the CEXs. Of course if you trade for a living or you trade often, then you have no choice but to use the CEXs. Hopefully things will shift in direction of the DEXs in the future. We need decentralization with the exchanges too not just with the cryptocurrencies.
I fully agree with you. Now we have decentralized assets, but we trade them in centralized manner. This is completely wrong. Its like having a submarine and trying to fly with it in the sky. We believe that with the further development of blockchain technology, we will have fast and scalable blockchains, then no one will have a single reason to use CEX. |
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Hello guys, I was wondering what exchange do you use CEXs or DEXs? If CEXs why don't you start using DEXs ? Leave your opinion. In the same time check our platform and give us a feedback. It will be highly appreciated ->> https://weidex.market/ |
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Anywhere that has centralised hosting and domain is not a dex as far as I'm concerned. I seem to recall Etherdelta having plenty of problems with hackers hijacking them. I'll wait for exchanges that happen bua atomic swaps and on blockchains themselves before making use of them regularly.
I agree, but you need good UI/UX in order to have the mass user on your dex. If that is not needed anyone can use the terminal. We are building desktop and mobile version, so our users will be able to use the app on their own devices. The other solution is IPFS, but there you have some limitations. |
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Currently, centralized exchanges. Simply due to the reason that centralized exchanges has better overall liquidity, and they tend to work better and smoother(compared to the dexs I've used in the past). But of course I still got my eyes on decentralized exchanges. Though I really don't have that much of a problem with centralized exchanges as I withdraw immediately after every trade anyway.
When you withdraw every time after trade, you should be paying high taxes. Usually CEXes charge you at every withdraw... If we have faster, scalable and cross-chain DEXes with good liquidity, then we won't need CEXes any more, I can't wait During that time you could try https://weidex.market and give us your feedback, it will be highly appreciated. |
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If I have an easy access to a trusted DEX, I would really consider using such platforms due to fast and easy swaps, though liquidity would be an issue since most traders and the big guns are still playing in the field of centralized exchanges. If there'd be a hit DEX, with huge actual volumes and a fluid platform, together with a smooth UI/UX, I'd definitely get my hands on it and trade there regularly. Centralized exchanges would still be the king of exchanges for the next few years if no one would build a promising DEX platform.
I agree with you. The biggest problems with the DEXes are poor UI/UX, speed and interoperability, but this will be fixed soon |
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It really doesn't matter whether its decentralized or not, what matters is if the exchange has a lot of users on it and tokens are traded with high volume. Right now I don't see any DEX that has good volume.
If your team find out that Weidex would have this problem before your IEO, would you still do your IEO?
We will see what will happen with the IEO... For us the most important have always been the technology.We want to build functional multichain exchange and a whole DApp ecosystem, because this is what people need right now - easy, seamless, secure way to interact with the blockchain. |
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For security purposes, people may choose DEX, but it still depends on how the DEX manage to make its users as for ease of use, as lots of DEX are horrible of of UI and UX. Also the availability of coins to trade and open source to verify its codes.
While the reputation always vary for using centralize exchange, as its lot of risk while storing your funds there.
Storing funds on centralized system is always a concern. Last year more than 1 billion dollars were stolen. This is just how human nature works - when you have a lot of funds, you get greedy or someone in your company internally could broke the system. With decentralized and non-custodial systems this is impossible! |
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Hello, guys I've been wondering about what most of the people prefer - centralized or decentralized exchange? Why ? Leave your opinion below please. I prefer you posting this in the right right forum section I did. Thanks. |
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weiDex is a fully featured decentralized exchange. It guarantees the maximum standard of security, transperanacy and open source logic. The main idea behind DEX is the removal of third party intermediaries. With weiDex, users will enjoy a plethora of extra features not found on other exchanges such as multiple order fulfilment, Bull/Bear Bomb, Crumb Cleaner, high reward referral system airdrops, and our favourite, cross-chain transactions for Ethereum and other Smart Contract platforms and cross-chain atomic swaps. Benefits: Secure, Transperant, Airdrops Features: Cross-chain Atomic Swaps(Transactions between Ethereum and other Smart Contract platforms), Token with functional utility, Bear/Bull Bumb, Crumb Cleaner weiDex advantages over centralized exchanges: - User has full control of their assets - Blockchain level security - No user information or details required - Fully transparent - No withdraw/deposit limits - No new user sign up restrictions - Hosting of ICO’s weiDex advantages over decentralized exchanges: - Multiple order fulfilment (orders get charged only once no matter how many transactions it takes to be filled) - Cheaper fees - Free trades for all users during high trade volume times - Referral system (get 20% of your referee’s trading fees) - Cross-chain transactions between Ethereum and other smart contract platforms - “Bear Bomb” and “Bull Bomb” features – Users can convert all their Altcoins to Ether or WDX (weiDex token) with a simple press of a button! Press the button again and reconvert your Ether or WDX back to its original token distribution! Learn more and try out --> https://weidex.market/
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Hello, guys I've been wondering about what most of the people prefer - centralized or decentralized exchange? Why ? Do you think DEX is the future mainstream exchange platform? Leave your opinion below please. In the same time check our platform and give a feedback --> https://weidex.market/ |
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Hello, guys I've been wondering about what most of the people prefer - centralized or decentralized exchange? Why ? Leave your opinion below please. I don't think this is a currency exchange topic. You are asking for a discussion and in my best knowledge it will better be in the Service Discussion board. Service Discussion: https://bitcointalk.org/index.php?board=85.0To answer your question, I would prefer decentralized exchange but problem is that not yet we have seen a good decentralized exchange that can compete with the existing centralized exchanges we have. And I am not sure how we can improve it. I hope some day someone will figure it out. Obviously, I personally will not like to depend on a centralized system. This is the whole concept of Bitcoin. Yeah, I am familiar with the problems about DEX but I think it is more safety and it is better to use it because the user has full control of their assets, no user information or details required, fully transparent etc. Anyway I think it is going to be the mainstream exchange of cryptocurrencies in the future. Thanks for you opinion. I appreciate it! And sorry for writing in the wrong topic. If you want, check our platform --> https://weidex.market/ and give a feedback. |
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Hello, guys I've been wondering about what most of the people prefer - centralized or decentralized exchange? Why ? Leave your opinion below please. |
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weiDex is a fully featured decentralized exchange. It guarantees the maximum standard of security, transperanacy and open source logic. The main idea behind DEX is the removal of third party intermediaries. With weiDex, users will enjoy a plethora of extra features not found on other exchanges such as multiple order fulfilment, Bull/Bear Bomb, Crumb Cleaner, high reward referral system airdrops, and our favourite, cross-chain transactions for Ethereum and other Smart Contract platforms and cross-chain atomic swaps. Benefits: Secure, Transperant, Airdrops Features: Cross-chain Atomic Swaps(Transactions between Ethereum and other Smart Contract platforms), Token with functional utility, Bear/Bull Bumb, Crumb Cleaner weiDex advantages over centralized exchanges: - User has full control of their assets - Blockchain level security - No user information or details required - Fully transparent - No withdraw/deposit limits - No new user sign up restrictions - Hosting of ICO’s weiDex advantages over decentralized exchanges: - Multiple order fulfilment (orders get charged only once no matter how many transactions it takes to be filled) - Cheaper fees - Free trades for all users during high trade volume times - Referral system (get 20% of your referee’s trading fees) - Cross-chain transactions between Ethereum and other smart contract platforms - “Bear Bomb” and “Bull Bomb” features – Users can convert all their Altcoins to Ether or WDX (weiDex token) with a simple press of a button! Press the button again and reconvert your Ether or WDX back to its original token distribution! Learn more and try out --> https://weidex.market/ |
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weiDex is a fully featured decentralized exchange. It guarantees the maximum standard of security, transperanacy and open source logic. The main idea behind DEX is the removal of third party intermediaries. With weiDex, users will enjoy a plethora of extra features not found on other exchanges such as multiple order fulfilment, Bull/Bear Bomb, Crumb Cleaner, high reward referral system airdrops, and our favourite, cross-chain transactions for Ethereum and other Smart Contract platforms and cross-chain atomic swaps.
Benefits: Secure, Transperant, Airdrops
Features: Cross-chain Atomic Swaps(Transactions between Ethereum and other Smart Contract platforms), Token with functional utility, Bear/Bull Bumb, Crumb Cleaner
weiDex advantages over centralized exchanges:
- User has full control of their assets
- Blockchain level security
- No user information or details required
- Fully transparent
- No withdraw/deposit limits
- No new user sign up restrictions
- Hosting of ICO’s
weiDex advantages over decentralized exchanges:
- Multiple order fulfilment (orders get charged only once no matter how many transactions it takes to be filled)
- Cheaper fees
- Free trades for all users during high trade volume times
- Referral system (get 20% of your referee’s trading fees)
- Cross-chain transactions between Ethereum and other smart contract platforms
- “Bear Bomb” and “Bull Bomb” features – Users can convert all their Altcoins to Ether or WDX (weiDex token) with a simple press of a button! Press the button again and reconvert your Ether or WDX back to its original token distribution!
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