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Author Topic: Will DEX's ever get the liquidity and volume of Centralized Exchanges today?  (Read 439 times)
ra_pl
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November 02, 2019, 04:43:03 PM
 #41

The key difference between centralized and decentralized exchanges is ownership. In the case of centralized exchanges, they operate very similarly to banks. Centralized exchanges charge a % of every transaction, making the overall cost of trading crypto much higher than stocks. Decentralized exchanges on the other hand operate very similar to the “per-trade” fee structure we are used to, but in the form of gas. So definitely  DeX will get more liquidity.
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November 02, 2019, 05:04:23 PM
 #42

That's not going to happen, centralized exchange remains the top choice, including me, But sometimes i was using DEX too for hunting Bounty tokens from Bounty people that selling obviously low! before they hit on any centralized exchange. and for long time already that i was using DEX, except Binance DEX that pretty attractive volume compare to the older DEX.
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November 02, 2019, 05:35:10 PM
 #43

If we do not follow the trend then this will never happen. DEXs now have some problems like that they are not user friendly or they are pretty slow, but this it's just a matter of time before everything is solved.
Why we should completely migrate from CEX to DEX? Because you are the owner of your cryptocurrencies and thus, the probability that the exchange will block your cryptocurrencies is zero.  Cool


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November 03, 2019, 09:25:31 AM
 #44

I think with enough volume any exchange can get a lot. Now, we know how DEX could make money as well, they could have their own token and we know how that token could be utilized and make money as well so basically dex could work super well all we need is someone with money (or brains) to pull it of.

All you need to do is create one token and a dex tied to it, with that dex people will be trading many many different coins and pairs, make it so that people could trade all coins with each other instead of just btc or usdt pairs, the thing is they would be paying the exchange with dex token that they created, now the team that created would have a certain amount of it but the more you people you refer and trades the more token you get as affiliate so it can get super big as well.

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November 03, 2019, 10:45:38 AM
 #45

Dex exchange makes it easy for everyone to make token and trade transactions without requiring KYC.
Of the several DEX exchanges https://www.dapp.com/search/Exchange there are many options we can choose, trading volumes such as IDEX exchanges are good, but now it requires KYC to trade on those exchanges, I will wait for the exchange A new DEX which has good trading volume like BinanceDex in 2020.

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November 03, 2019, 03:49:56 PM
 #46

Dex exchange makes it easy for everyone to make token and trade transactions without requiring KYC.
Of the several DEX exchanges https://www.dapp.com/search/Exchange there are many options we can choose, trading volumes such as IDEX exchanges are good, but now it requires KYC to trade on those exchanges, I will wait for the exchange A new DEX which has good trading volume like BinanceDex in 2020.

just when you thought they will one day have a big volume, they are already asking documents from us. this is the exactly the opposite of what we expect from DEX. no other option for crypto users CEX and DEX are asking mandatory KYC, one good thing about DEX though is security over the CEX.  that's the only advantage why you will still consider DEx.

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November 06, 2019, 05:30:29 PM
 #47

That is a very big and though question, but the simple answer is that it all depend on us and depends on our collective effort. It was collectively we decided to encourage some of these centralized exchanges by depositing our money with them, this is the same way that we need to also collectively choose a dex exchange that we can even concentrate on and even try first to see how effect and how wonderful they are and I think that cryptocurrency market would have even grown much more than this.

If we had all started using dex exchange, and you know that dex exchanged are even quite more secured than centralized exchange, but these top exchanges has already bewitched us through the hype they usually create for their exchange platform.
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November 06, 2019, 06:02:16 PM
 #48

Yeah, that's a question I keep asking myself these days. There's so many DEX projects, some of them not even being "Real DEX's" like the Binance "DEX". I've been wondering if another bull run could trigger a huge influx of new users towards these projects, since you don't need to own an account to use them.

Remember Q4 of 2017, when you couldn't even open a Binance account since they got too many registrations at once? With the recent influx of new trading options, some of the volume could be moved towards decentralized solutions such as Blocknet, just to name a project.

Another thing worth speculating on, is people seem to HATE KYC like the plague. Imagine all the rich and wealthy people, like celebs, and people with big time careers, they might not even want to risk disclosing what they hold should a centralized exchange be compromised, which makes DEX's the best solution.

Could 2020 be the year of DEX's? Just a thought... Grin
We may need more exchange hacks to convince people to start using Decentralized exchange platforms,but lot of people facing issues on DEX while doing trading that is why they are happy with paying the fee and getting their prompt service until they were trusted and making profits from those centralized trading platforms.
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November 06, 2019, 06:04:44 PM
 #49

I hope so, because unfortunately the main disadvantage of a decentralised exchange is the lack of trading volume and amount of trading pairs. However, there are no decentralised exchanges left at all, after IDEX implemented KYC process.

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November 07, 2019, 06:56:40 PM
 #50

I always liked decentralized exchanges, but the trading volume on these exchanges is too small. If DEX become popular in 2020 then this will be the best year for me. In my opinion, decentralized exchanges are much better than centralized ones.

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