CEX Vs DEX ?

[joniboini]

hmm .. I don't think so. Because many sharks don't even think about IDAX going to scam in the future when this is an exchange with hundreds of millions of volumes every day. Even if the sharks are full of experience, they will be able to escape this trap? I don't believe in any other team now, they can all become a dust when they no longer care about the project or the business they run. I still hold the view about taking DEXs future of many.

Sharks? What do you mean? Why not dolphin?

What does IDAX have to do with this? There is no mention of IDAX on the post you replied. I'll make it simpler then. DEX security needs to be tested more and more, to make sure they can be called 'safer' than CEX. That's because CEX, in general, have a lot more attacks compared to DEX.

Anyway, doesn't matter which one is safer if you can't trade here. The best choice is to use a platform that's suitable for you and never rely your asset safety on third-party.

[deisik]

So with many incidents happening at CEX, will there be more people trading in DEX in 2020? Although trading at DEX costs more, it is safer for us and we do not need to make any KYC.

Their only difference is their name. I would like to remind you that even DEXs can freeze your funds these days. If so, I would rather use CEX instead. At least in short-term trade, the centralized ones are more useful. I do not know, maybe some of the rules are obstacles to creating complete free and useful DEXs. But I think we have such freedom or I misunderstood everything

This would be an ugly and very misleading use of the term

Up to a point where we can say it is deliberately being used to deceive traders who are not familiar with the idea behind a decentralized exchange. With DEX there is no "exchange" in the way we usually think of it, and that's why people get fooled. Technically, your desktop wallet is that exchange, while trades occur on the blockchain itself. In this way, it is impossible to freeze your funds unless the whole blockchain gets frozen (and hell turns to ice)

To make things better and trades faster, it can be beneficial to use a third-party service as a proxy to that blockchain exchange, and which would still count as a decentralized exchange proper. But if it can freeze or outright steal your money, it is not a decentralized exchange, and there is no viable reason to think or believe you are dealing with one, no matter what they claim to the contrary. Simply put, they are lying to you, they are not decentralized

[avatar_kiyoshi]

So with many incidents happening at CEX, will there be more people trading in DEX in 2020? Although trading at DEX costs more, it is safer for us and we do not need to make any KYC.

Their only difference is their name. I would like to remind you that even DEXs can freeze your funds these days. If so, I would rather use CEX instead. At least in short-term trade, the centralized ones are more useful. I do not know, maybe some of the rules are obstacles to creating complete free and useful DEXs. But I think we have such freedom or I misunderstood everything.

The DEX that you know is actually CEX which implies a decentralized exchange.
Such model exchanges have mushroomed in this world by bringing the name of DEX to attract the interest of many people.
What I see, the "pure" DEX is lack of trading volume, it's due to lack of promotion and advertising, but the ecosystem is better than CEX.

[pawanjain]

The debate between between CEX and DEX has been going on from so long. It's quite obvious that people have have different point of views on the both.
It's just a matter of priority now. Some people choose liquidity over security and privacy and so they choose CEX over DEX and vice versa.

[Hippocrypto]

The debate between between CEX and DEX has been going on from so long. It's quite obvious that people have have different point of views on the both.
It's just a matter of priority now. Some people choose liquidity over security and privacy and so they choose CEX over DEX and vice versa.

Let's always see to it that the both sides will be fair in terms of profit and safety of everyone's asset. DEX over CEX is a very serious rivalry of exchanges, so we must respect the decisions of everybody who prefers which of the two would they thought safe enough and trusted. Both of them has commendable feedback from many people, so it really depends on everybody's opinion.

[aysg76]

The debate between between CEX and DEX has been going on from so long. It's quite obvious that people have have different point of views on the both.
It's just a matter of priority now. Some people choose liquidity over security and privacy and so they choose CEX over DEX and vice versa.

The main problem with DEX is the complexity in the way they operate. First you have to import wallet through private keys which is not common among all crypto investors. Some investors have never used HD wallets so using DEX is wholly new concept for them.
Second the way orders are executed on DEX is not comfortable for all traders and all coins. I haven't used DEX in last 1 year or so but when I used to sell my coins on DEX, the orders only get executed when someone buy the entire order. Whereas in case of CEX, buyer can clear the partial order. So your order can be cleared by more than one buyer but in case of DEX, only one buyer have to clear your entire order. I don't know if any decentralized exchange has solved this problem but this is the major reason why I prefer CEX over Dex.

[milewilda]

The debate between between CEX and DEX has been going on from so long. It's quite obvious that people have have different point of views on the both.
It's just a matter of priority now. Some people choose liquidity over security and privacy and so they choose CEX over DEX and vice versa.

The main problem with DEX is the complexity in the way they operate. First you have to import wallet through private keys which is not common among all crypto investors. Some investors have never used HD wallets so using DEX is wholly new concept for them.
Second the way orders are executed on DEX is not comfortable for all traders and all coins. I haven't used DEX in last 1 year or so but when I used to sell my coins on DEX, the orders only get executed when someone buy the entire order. Whereas in case of CEX, buyer can clear the partial order. So your order can be cleared by more than one buyer but in case of DEX, only one buyer have to clear your entire order. I don't know if any decentralized exchange has solved this problem but this is the major reason why I prefer CEX over Dex.

Talking about that main problem youve say, then im partly agree with that one where its too hassle on making up a trade yet you would need to import your wallet before you would able to proceed.

Next, on the order you have been talking then it just really the same on CEX, they've been automatically filled out once buyers or seller do tend to made an order.
CEX had much more volume than DEX even though majority does like anonymity and decentralized but they do end up on using cex ones.