Coincado (OP)
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May 05, 2018, 12:21:00 PM |
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More and more Decentralized Exchanges are popping up, but are they really what they are hyped up to be? https://www.youtube.com/watch?v=d-xA7p9NbdII think the concept is great, but at the moment they are really hard to use because of constant downtimes especially on IDEX and EtherDelta. What are your thoughts on this? |
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monalia
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May 05, 2018, 01:04:33 PM |
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I think Centralised exchanges are more convenient to trade but peoples are looking to decentralised exchanges because centralised exchanges are supporting to government but decentralised exchanges are supporting to consumer so you should decide know which one is better to you.
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npredtorch
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May 05, 2018, 02:03:33 PM |
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What was said on the video are true. So far, the current lineup of decentralized exchanges aren't good enough to handle the people's interest and demand.
I've personally both tried IDEX & Etherdelta and the experience wasn't good compare to a centralized exchanges like Binance. (Note: Etherdelta = worst)
Factors that contribute on my judgment was the high fees, dependability and availability of coin/token.
As of now, sorry but a centralized exchange remains as the best choice.
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lushlife
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May 05, 2018, 02:20:51 PM |
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arpon11
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May 05, 2018, 02:24:04 PM |
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From the look on things people and traders tent to make used of the centralized exchange and have more trust on them more than a decentralized exchange. Most of the coins and tokens that are lunch in the decentralized exchange like etherdalter always get dumped and until those coins are listed on other exchange that are centralized there are not going to come up in price. I prefer centralized exchange than decentralized one.
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Pilotone
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"SIMPLE SHOPPING AND SAFE PAY"
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May 19, 2018, 01:43:29 PM |
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I will say in person from myself that the decentralized exchange for me is a priority, because it is aimed at supporting the consumer!
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Granit0
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May 19, 2018, 01:49:25 PM |
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Centralization will lead to a complete monopoly of the big players. To the same situation as now in the forex market. But centralization will also lead to the development of tools, that ensure trade security.
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Tankdestroyer
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May 19, 2018, 02:39:37 PM |
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What are your thoughts on this?
I think centralized exchanges are still better because it is more convenient to use most of the time. The only hassle people get when using them is KYC (in some centralized exchange). If decentralized exchanges were to develop further though, I think they would be a lot better because it will also let users who do big volumes of trade to exchange their coins and at the same time, keeping their anonymity, without the need of disclosing their identity to some exchanges. |
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Awesomus Maximus
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May 19, 2018, 02:46:01 PM |
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It may very well be that centralized exchanges are currently better. But as their name suggest, they lead to centralization, which is the exact opposite of what cryptocurrencies are. Fore decentralized cryptocurrencies there should be decentralized exchanges. They will only get better in time. I believe one day we will only have decentralized exchanges.
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squatz1
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May 19, 2018, 03:52:03 PM |
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Without a doubt decentralized is the best, but the problem with decentralized is the fact that someone has to develop a system that neither party is able to screw. Which when you think about it, with all of the money on the line when it comes to trading crypto, that system is going to have to be BUILT WELL for the ability to do trading on it. I do think that people don't trust the fact that they're doing to have to work p2p when they can just work with a company that is regulated -- As people feel more trusted when they're working with a trusted name.
With the trust factor, I think I'd rather use centralized reputable exchanges until we have good decentralized ones.
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trumper
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May 19, 2018, 04:27:28 PM |
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No doubt decentralized exchanges are much better than centralized exchanges but decentralized ones also are not perfect, personally oax is the most well designed dex project, its demo looks great.
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sheenshane
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Cashback 15%
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May 19, 2018, 04:28:17 PM |
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Every trader have a different perception of which exchange site they are comfortable to use, I personally prefer to use centralized exchange site compared to decentralized which centralized are easy to use and reachable support team if you have some trouble to their site(besides those shitty exchange site)they can have quick response for your issues.
I use IDEX it is a decentralized exchange, I use this site recently but I'm afraid to my wallet because you give them your private key which is I don't like.
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erickkyut
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May 19, 2018, 05:08:13 PM |
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Bitcoin is already decentralized. I want exchanges to be centralized. If the coin and exhange site are both decentralized, who are we going to sue if we will get scam? I want exchange to be centralized so that we can complain to the support team if there are some problems with our account and we know who to blame if the site will shut down
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Svelto
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May 19, 2018, 05:54:14 PM |
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As of now, I have better experience trading in centralised exchanges. I find centralised exchanges tend to be faster, have customer support when I have problems and better liquidity. While, decentralised exchanges such as fork delta has lower volumes.
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FrueGreads
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May 19, 2018, 07:07:22 PM |
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More and more Decentralized Exchanges are popping up, but are they really what they are hyped up to be? https://www.youtube.com/watch?v=d-xA7p9NbdII think the concept is great, but at the moment they are really hard to use because of constant downtimes especially on IDEX and EtherDelta. What are your thoughts on this? I think it will take a while before they can become a real option for traders, and I'm not even talking about professional traders, or institutional investors. I'm actually talking about normal daily traders that need a fast platform in order to process a lot of orders daily. They are simply to slow, and if sometimes it's a nightmare just to sell some tokens, it would be nearly impossible to try to scalp the market. For professional and institutional investors a lot of other issues come into place, like liquidity and security. Decentralized exchanges have a great concept, but they need to evolve a lot, in order to stop being just a place for users to buy or simply dump some tokens. |
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BartS
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May 19, 2018, 09:41:41 PM |
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More and more Decentralized Exchanges are popping up, but are they really what they are hyped up to be? https://www.youtube.com/watch?v=d-xA7p9NbdII think the concept is great, but at the moment they are really hard to use because of constant downtimes especially on IDEX and EtherDelta. What are your thoughts on this? Centralized exchanges are more convenient and easy to use than their decentralized counter parts, but the big problem of centralized exchanges is that governments are concentrating in them to try to regulate the market of cryptocurrencies, we must remember that every single point of centralization is going to be a point of failure that governments are going to try to exploit so not only need we need a decentralized currency like bitcoin we also need decentralized exchanges so we can convert our coins without being subject to government surveillance. |
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Dreamchaser21
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May 19, 2018, 09:59:35 PM |
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As of now, I have better experience trading in centralised exchanges. I find centralised exchanges tend to be faster, have customer support when I have problems and better liquidity. While, decentralised exchanges such as fork delta has lower volumes.
Sames experience with a centralized exchange. Actually its just depend on the coin you are trading with because the coin may vary a small difference on price but its almost the same so if you are trading with a decentralized exchange the only difference is the services that you can get from exchanges. |
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MasterNodes.Cash
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May 22, 2018, 12:26:03 PM |
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I use both. I trade on centralized exchanges, but also stalk decentralized ones every day to pick up undervalued gems before they hit bigger centralized exchanges and their price soars. Centralized exchanges are more user-friendly, have more volume and better support.
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DaMut
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May 22, 2018, 01:08:22 PM |
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of course it should be decentralized exchange.
whenever you are using this kind of exchanges,you do not need to worry about your sensitive document or some stuff like that because they do not require their costumers to do this or verify their account.in my perspective,decetralized exchanges are like a traditional markets.
we put our 'goods' for sale and wait for the buyer comin in.
unlike centralized exchanges,in there we need to do a lot of thing such as verify account and many things(until now,in some exchange i have been waiting for more than 1 month just for verify it).
the only problem that happened and disadvantage with those decentralized exchanges were down time,most of them have a bad time with their system and slow load.
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sureshotcoin
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May 30, 2018, 06:36:39 PM |
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Binance is the only decentralized exchange in making with all the legalities so i prefer Binance exchange
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