Centralized vs Decentralized Exchanges - Which ones are better?

[Coincado]

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-xA7p9NbdI

I 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?

[1714988333]

1714988333

[1714988333]

1714988333

[monalia]

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.

[npredtorch]

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.

[lushlife]

Good day sir, you might want to check this article about decentralized and centralized exchange
https://www.newsbtc.com/2018/03/23/centralized-vs-decentralized-cryptocurrency-exchanges-vulnerability-trading-platforms/

[arpon11]

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.

[Pilotone]

I will say in person from myself that the decentralized exchange for me is a priority, because it is aimed at supporting the consumer!

[Granit0]

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.

[Tankdestroyer]

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.

[Awesomus Maximus]

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.

[squatz1]

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.

[trumper]

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.

[sheenshane]

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.

[erickkyut]

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

[Svelto]

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.

[FrueGreads]

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-xA7p9NbdI

I 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.

[BartS]

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-xA7p9NbdI

I 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.

[Dreamchaser21]

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.

[MasterNodes.Cash]

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.

[DaMut]

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.

[sureshotcoin]

Binance is the only decentralized exchange in making with all the legalities so i prefer Binance exchange

[Colt22]

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-xA7p9NbdI

I 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?

decentralized exchanges are a good idea as it is considered as more better by the crypto community but as there is not much trade volume on these exchanges so people are doing their trade much on these centralized exchanges.
Whenever if the crowd on these decentralized exchanges increased and the volume of the trades on these exchanges reached to a favorable value then people will rush to that exchanges and will like to trade there.

[Superzpay]

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-xA7p9NbdI

I 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?

decentralized exchanges are a good idea as it is considered as more better by the crypto community but as there is not much trade volume on these exchanges so people are doing their trade much on these centralized exchanges.
Whenever if the crowd on these decentralized exchanges increased and the volume of the trades on these exchanges reached to a favorable value then people will rush to that exchanges and will like to trade there.

Yes all the issue from there is because of the low volume of trade. When the trade volume on these exchanges will increase then  no one will have any problem to do trade on these decentralized exchanges but they will like more these exchanges.
Many people are saying about different problems from these decentralized exchanges but in actual there is no any issue on these exchanges but only a crowd is required if the crowd will come then no one will claim for any issue.

[cryptobluemoon]

coinbase is centralized exchange and binance is decentralized exchange but bitcoin and blockchain is governed by a decentralized exchange then there wont be central authority in holding the assets

[mboileau]

The decentralized and centralized systems are only differentiated by one factor and that is the factor of the distribution of information when talking about the centralized platform's information is retained by a singular source whereas distributed when you talk about decentralized

[crazy_elky]

coinbase is centralized exchange and binance is decentralized exchange but bitcoin and blockchain is governed by a decentralized exchange then there wont be central authority in holding the assets

why do you say binance is decentralized? it's totally centralized as the most of other exchanges now. decentralized exchange is etherdelta for example

[Pursuer]

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-xA7p9NbdI

I 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?

decentralized exchanges are a good idea as it is considered as more better by the crypto community but as there is not much trade volume on these exchanges so people are doing their trade much on these centralized exchanges.
Whenever if the crowd on these decentralized exchanges increased and the volume of the trades on these exchanges reached to a favorable value then people will rush to that exchanges and will like to trade there.

Yes all the issue from there is because of the low volume of trade. When the trade volume on these exchanges will increase then  no one will have any problem to do trade on these decentralized exchanges but they will like more these exchanges.
Many people are saying about different problems from these decentralized exchanges but in actual there is no any issue on these exchanges but only a crowd is required if the crowd will come then no one will claim for any issue.

it is not all the issues. the low volume is certainly one of the biggest ones but there are other issues that is preventing people from using decentralized exchanges. one of the biggest one in my opinion is the fact that they are not as user friendly as the centralized exchanges, they are not as fast and easy to use and not all coins can be found on these platforms sometimes.
we still have a lot of improvements to make before we can start using them for good.

[Davido1174]

Centralized exchanges are good exchanges in my opinion. They have bigger volume and a lot of tokens are listed on centralized exchanges like binance but decentralized exchanges are the future as its more convenient to use in my opinion, no kycs, no login passwords. These are the reasons why I like decentralized exchanges more than the centralized ones

[hurriebra49]

The centralized exchange are those which are controlled by the central banks and the decentralized exchanges re usually base in the blockchain network and are used in the cryptocurrency environment where there is n supreme authority

[DreamProphecy]

DEXes are better if they are good programmed, in other situation both aren't too good solution

[hirngespenst]

For security, safety Centralized exchanges are better than decentralized. But the decentralized exchange has anonymity opportunity and you can trade any coin without listing! Decentralized exchanges are profitable for traders than centralized. I regular using Forkdelta and Etherdelta exchanges and I am very happy with my profits. Here most of the coin has a low price!

So, both are very important for the crypto world. Personally I will choose decentralized exchanges.

[richcorner100]

I prefer to use centralized exchange like Binance and others because has very cheap trading fee compare decentralized exchange like Idex. Also centralized exchanges listed more potential coins with high trading volume. Centralized exchange also has many feature like stop limit order for stop loss and more product like  trading competition and give away.

[farosa]

Decentralized exchanges are more beneficial for crypto traders. We know that crypto currencies can be used without the need for a middle man. But in centralized exchanges they can even use our money like they want. Already the middle man is forgotten. In my opinion we have to give superiority to decentralized exchanges.

[Blackpanther399]

In the meantime, centralized exchanges are very good to trade with and it does not lag but I believe the future is in decentralized exchanges. Decentralized exchanges does not require you to do kyc. You just insert your private keys or use metamask as well to use it

[pawanjain]

I really like the idea/concept behind decentralized exchanges but the fact that they are not so efficient still keeps me away from it. There are still some issues like less volume, no support, less liquidity, availability etc... which a decentralized exchange should think of before being launched. So centralized exchanges are better until the issues of decentralized exchanges are rectified.

[trecore4]

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-xA7p9NbdI

I 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?

Always choosing the centralised one because they are very much reliable and can give us big protection against the hacks and frauds. The decentralised exchangers are just too public and anyone can any coins over there to scam us and we will never know our money got stolen in the form of crypto coins. Mostly they are scamming new ICO's also which are not tolerating this as the ICO money gets carried away due to pump and dump activities that are live on the decentralised exchanger. Centralised one also has more coin volume and thus better for the trades. 

[newinbtc]

I like concept of Decentralized Exchanges as they do not require  intermediaries for their operation.They are not working on the basis of buy or sell orders instead this exchange match  the people behind those buy and sell orders. Example I want to buy 0.5 btc from exchange , exchange will find 0.5 btc deal inform seller and deal done. In this way different people different selling price of bitcoins. Competition rises and we got benefit from sellers of bitcoins. the drawback is in these exchange day time trading volume is very less as compare to other type of exchange.

[rayk]

Nothing can be better just as it is decentralized, decentralized exchanges are the future but they are still in early stage, but oax is very promising project I find it exceptional in the decentralized exchange ecosystem, you should check their medium channel: https://medium.com/@OAX_Foundation

[freezzeer]

In these decentralized world,We have to focus on decentralized entities.

[Koadharber]

I like concept of Decentralized Exchanges as they do not require  intermediaries for their operation.They are not working on the basis of buy or sell orders instead this exchange match  the people behind those buy and sell orders. Example I want to buy 0.5 btc from exchange , exchange will find 0.5 btc deal inform seller and deal done. In this way different people different selling price of bitcoins. Competition rises and we got benefit from sellers of bitcoins. the drawback is in these exchange day time trading volume is very less as compare to other type of exchange.

You do mean about typical exchangers like LBC  but if we do compare into centralized exchange like Bittrex and others then it would really just be the same. The differences on DEX is that theres no such restrictions unlike on centralized ones.Just import keys then you are good to go no matter how big volumes you would trade up theres no such kyc or limits but the sad thing is that when it comes to volume. Centralized ones would really have that thing.

[Mjadon15]

With centralized exchanges, intermediaries such as companies act as middle men in order to facilitate trading on their platform. In exchange for providing this service, intermediaries collect trading fees. In essence, centralized exchanges often act as the first point of contact for newcomers that are interested in trading cryptocurrency.

While,

One of the more attractive features of cryptocurrency is that it cannot be controlled by any central entity(decentralization).  On peer-to-peer systems such as the Bitcoin network, the transfer of value does not require the involvement of central authority, because transactions are validated by a distributed group of miners that exist on the network.

[reflector]

Centralized may be good one for the people who believes government and regulations on exchange are better and at the same time we need to wait for all rules to follow to exchange even a shit coin. I don't think it will work better.

I need to go with decentralised exchange only because no KYC and no worries to deal with the traders there. It will be easy access to the people whoever want to use.

[minime0105]

With centralized exchanges, intermediaries such as companies act as middle men in order to facilitate trading on their platform. In exchange for providing this service, intermediaries collect trading fees. In essence, centralized exchanges often act as the first point of contact for newcomers that are interested in trading cryptocurrency.

While,

One of the more attractive features of cryptocurrency is that it cannot be controlled by any central entity(decentralization).  On peer-to-peer systems such as the Bitcoin network, the transfer of value does not require the involvement of central authority, because transactions are validated by a distributed group of miners that exist on the network.

Precisely my point. There are, of course, different pros and cons to either exchange but ultimately it depends on what you're trying to do and decide on what are the best measures to achieve that because some exchanges are better at say fee price but not turnaround etc.

[BitHodler]

First, the interface are friendly, platforms are easy to use and the fees are minimal. Unlike decentralised exchanges that are difficult to use and the fess are outrageous.

Not sure which decentralized exchange you have used and what exactly you traded there, but fees from crypto to crypto trades are pretty low mostly and relatively easy to conduct in case the trade confirms quickly.

I know that fiat to crypto trades do come with pretty high fees, but this directly is against decentralization since you're using a centralized (mostly expensive) payment service to complete the trade.

I don't think we'll ever be able to trade fiat to crypto in a truly decentralized manner. The only viable alternative is USDT, but you still need to cash out through Tether in order to end up with fiat, which not many people want to do.

[iamwagner]

Decentralized exchanges are way better for me.  I love the fact no one is in charge of my funds.  It seems to be the fairest and most clean way to do almost any type of business.  Cut the middle man right out. 

[otundebis]

Both decentralized and centralized exchange have there advantages and disadvantages.  Decentralized exchange volume can be very low and prices might not be set up or improve on.  Centralized exchange safe guide investors from ridiculous pricing and create good volume and liquidity for cryptocurrency trading!

[hiru65]

Those are the two types of exchange. Centralized is the market which control by a central authority. For and example when we do any transaction we have to submit it for them and they will do our transaction. But in the case of decentralized it is directly transact. When we submit you will buy directly no one helps to transact those. The main disadvantage of decentralize is it is tend to hacked in most of the time.

[coffigayo]

Yes, a decentralized system is information stored by one source when distributed. But there are also coins that are only traded on a decentralized exchange, so I put an end to all these inconveniences. Also, there are situations where at one time operating through decentralized exchanges turned out to be very profitable.

[deus030518]

Centralized Exchanges
Pros: Each centralized trading platform is providing a wider diversity of services, but takes away  a certain freedom at the same time, it can be viewed as positive and negative future. Centralized Bitcoin exchanges hold the cryptocurrencies in custody to make it easier to trade them.
Cons: For many people, convenience and cost are strong enough benefits to justify the continued use of centralized exchanges, but there are also risks involved. The largest risk, and one that many have highlighted in recent times, is the chance your cryptocurrency will be confiscated or compromised. Even if the centralized exchange doesn’t act in explicit bad faith, their entire network is set up like a honeypot that just serves to motivate hackers.

[okocrypto]

Just to clear your doubt, compare the successes and reputation recorded by popular decentralised exchanges such as Idex and EtherDelta and that recorded by centralised exchanges such as Binance and OkeX and am sure you will know which is better. Decentralised exchanges are sometimes boring to use and always a good option for nefarious activities unlike centralised exchanges where this happens but not at an alarming rate. 

[wuvdoll]

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-xA7p9NbdI

I 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?

Honestly it is not about one is better than the other, they both have their own good parts and bad parts. A decentralized exchange like shapeshift will allow you to keep your coins on your own wallet and this is a lot better for security reasons but you will have to have your own wallet on your pc or somewhere which creates added work flow and you can't use bots or whatever on stuff like that.

However, on centralized places you are basically trusting the exchanges with your coins and they keep it for you but you do not own the seed of your wallet which means you are basically not the owner of your coins, you are just at the hands of that exchange however it is easy to just simply buy and sell directly which makes it faster. So it depends, one is good on security, the other is good on fast and ease of use.

[tailwate07]

Decentralized exchanges are way better for me.  I love the fact no one is in charge of my funds.  It seems to be the fairest and most clean way to do almost any type of business.  Cut the middle man right out. 

You need to understand the fact that those decentralized exchanges also being operated by some middleman. Still, I agree with you that decentralized exchanges are far better than other exchanges. But unfortunately I'm not finding all my preferred are coins are being listed out in decentralized exchanges. That is the reason I'm still going for centralized exchanges.

[Coin_trader]

I have tried some exchanges, both centralized and decentralized and in my point of views, they are both having their advantages and disadvantages. Etherdelta for example needs to have ETH balance before you make a deposit and before making a trade which is unnecessary for me, Binance and some other centralized exchanges are easy to use but needed so much actions to be eligible to use their platform like e-mail verification, KYC (some) and some other actions that might be necessary to protect your funds. But as for me, I go for the centralized exchanges.

[pant-79]

Of course, work on decentralized exchanges has a number of features. There are certain difficulties that one has to face. But on centralized exchanges, too, not everything is as smooth. When working on them, too, there are certain moments. So if the coins that interest me are traded on centralized exchanges, then I'm bidding exactly there. But there are also a coins that are traded only on decentralized exchanges, so I endure all the inconvenience. Also, there are situations when at some point to conduct an operation through a decentralized exchange it turns out to be very profitable, then, of course, I risk and spend the purchase or sale there.

[Mahanton]

Of course, work on decentralized exchanges has a number of features. There are certain difficulties that one has to face. But on centralized exchanges, too, not everything is as smooth. When working on them, too, there are certain moments. So if the coins that interest me are traded on centralized exchanges, then I'm bidding exactly there. But there are also a coins that are traded only on decentralized exchanges, so I endure all the inconvenience. Also, there are situations when at some point to conduct an operation through a decentralized exchange it turns out to be very profitable, then, of course, I risk and spend the purchase or sale there.

The convenience or inconvenience I do experience between DEX and Centralized exchanger in on the KYC or verification procedure and this is why some people do love to use up DEX due to that reason but eventually as you say there are coins which are only being traded on DEX where you don't really have any choice but to sell it on. Centralized exchange is more convenient on my part but there would really be some disadvantage which is somehow expected.

[checkmatesir]

Centralized may be good one for the people who believes government and regulations on exchange are better and at the same time we need to wait for all rules to follow to exchange even a shit coin. I don't think it will work better.

I need to go with decentralised exchange only because no KYC and no worries to deal with the traders there. It will be easy access to the people whoever want to use.

All centralized exchanges are not having any big advantage compared to decentralized exchanges in my experience. For me, KYC is a big headache. I am into crypto world because I prefer to stay anonymous whereas these centralized exchanges are killing the basic concept of crypto currencies. In deep thinking, I am not finding any big advantages from centralized exchanges compared to decentralized exchanges.

[manggis97]

In my opinion centralized exchange is more user than decentralized, we can see now the top 10 exchange according to daily trading volume is all centralized exchange.  Many trader chooce centralized exchange because some reason,  like cheap fee transaction,  they has full feature ( buy and sell order with instant,  stop limit) , many option of coins, and lower spread. 

[Pattart]

Centralized may be good one for the people who believes government and regulations on exchange are better and at the same time we need to wait for all rules to follow to exchange even a shit coin. I don't think it will work better.

I need to go with decentralised exchange only because no KYC and no worries to deal with the traders there. It will be easy access to the people whoever want to use.

Some people might like exchange centralization because it has clear rules and support that helps, and some people might like decentralized exchanges because they are more freedom. but I myself don't know which exchanges are centralized and decentralized? can you give me example where does desentralized exchange?

[terencio]

I really like using decentralized exchanges now and appreciate the platform more because the transaction fee is less, kyc is not needed and very easy to withdraw but the problem it has less volume compare to centralized exchanges.

[Sawadekub]

I think that for an advanced trader, the use of centralized and decentralized exchanges is a necessity. While centralized exchanges provide only a limited number of trading pairs (in particular, those currencies that have already gained popularity and have been on the market for a relatively long time), decentralized exchanges provide access to new tokens that are not being traded anywhere. And this is a great opportunity to earn. And if you need to endure some inconvenience and spend a little time in order to figure it out, then I am sure that it is worth it.

[kickdapa]

Though I liked Decentralized Exchanges once, but now I feel comfortable in the centralized exchange. It is safer exchange than Decentralized. Decentralized exchanges have many issues. If you face any problem or if your coins stuck in exchanges or anything else then no one will help you on time. But In centralized exchanges, you will find instant help. Though Idex is very different decentralized exchange and that's why idex is the best.
Centralized exchanges take high withdraw fees but they are licensed and your coins will be safe there if you enable strong security. We need both types of exchanges to trade our coins. Because many coin only list on Decentralized exchanges and centralized exchanges doesn't list all coins!

[CryptoCoinArbitrage]

I am using decentralized exchanges for trading as they list coins  I cannot find elsewhere. They are hacked sometimes, not user
friendly,  having  low volume and very bad support. Centralize exchanges are more safe ( the good ones offering refunding if hack happens ) .
Binance is opening a decentralized exchange as well, hardly waiting to see how it will look like.

[Nellayar]

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.

However, most of the successful ICO that listed on dex are meant to be dumped. They are dumping by unknown people who controls the price. When it listed on centralized exchange, price goes upward and the coin becomes stable. This is the reality of new coins listed on exchange and I don't why it happens.

[kaventt5]

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-xA7p9NbdI

I 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?

Well, I consider them just like a better version of centralized exchanges. I agree, the concept is good enough, but I haven't used DEXs, so I have nothing to say here. Probably, in the future, I'll try. Though at the moment, I'm satisfied with CEX (https://cex.io/), as all my favorite coins are placed there, and the payment options are fine.

[Metall303]

Centralized exchanges combine trading volume, information about clients ' accounts, funds and positions. This is very convenient for users who can easily log into their account with an email and password, but in this case, exchanges become an attractive target for hackers who can steal funds or personal information of account holders.

[tanxpresisit514]

I am using decentralized exchanges for trading as they list coins  I cannot find elsewhere. They are hacked sometimes, not user
friendly,  having  low volume and very bad support. Centralize exchanges are more safe ( the good ones offering refunding if hack happens ) .
Binance is opening a decentralized exchange as well, hardly waiting to see how it will look like.

Decentralization is better, because all transactions are more open, meaning they can be monitored because the server is not centralized. If centralization can occur data manipulation or prices that are very detrimental to the users. Therefore, many countries, especially developing countries, still apply centralization in everything, including trade.

[StarofBTC]

I am using decentralized exchanges for trading as they list coins  I cannot find elsewhere. They are hacked sometimes, not user
friendly,  having  low volume and very bad support. Centralize exchanges are more safe ( the good ones offering refunding if hack happens ) .
Binance is opening a decentralized exchange as well, hardly waiting to see how it will look like.

Decentralization is better, because all transactions are more open, meaning they can be monitored because the server is not centralized. If centralization can occur data manipulation or prices that are very detrimental to the users. Therefore, many countries, especially developing countries, still apply centralization in everything, including trade.

There is actually no doubt that decentralization is better, but these days it just seems that most decentralized exchanges are not getting it right. For most part of it, we have seen a lot of laggy issues, low liquidity when compared to centralized exchanges and then some serious breach in security that has affected user’s funds.

Also, recently there is a thing about some of them like Idex, making plans to turn to a hybrid exchange or thereabout by enforcing KYC. For a decentralized exchange? I really wonder!

[liuqi]

I am using decentralized exchanges for trading as they list coins  I cannot find elsewhere. They are hacked sometimes, not user
friendly,  having  low volume and very bad support. Centralize exchanges are more safe ( the good ones offering refunding if hack happens ) .
Binance is opening a decentralized exchange as well, hardly waiting to see how it will look like.

Decentralization is better, because all transactions are more open, meaning they can be monitored because the server is not centralized. If centralization can occur data manipulation or prices that are very detrimental to the users. Therefore, many countries, especially developing countries, still apply centralization in everything, including trade.

Centralised exchanges are more secure trading platform. Because everyone expecting promising platform so most of the decentralized exchanges are not convenient to survive in trading so I recommend Centralised platform. Nowadays all are move to decentralized cryptocurrency so we are all looking for some centralised exchanges.

[jonhn772]

I mostly like Decentralized exchange. Cause in my opinion it is the best secure for our fund than centralized exchange.

[User365]

Decentralized of course! 

I mean the point of crypto is to be decentralized??
If this is a serious question please get more into crypto.

[LeGaulois]

I am using decentralized exchanges for trading as they list coins  I cannot find elsewhere. They are hacked sometimes, not user
friendly,  having  low volume and very bad support. Centralize exchanges are more safe ( the good ones offering refunding if hack happens ) .
Binance is opening a decentralized exchange as well, hardly waiting to see how it will look like.

Decentralization is better, because all transactions are more open, meaning they can be monitored because the server is not centralized. If centralization can occur data manipulation or prices that are very detrimental to the users. Therefore, many countries, especially developing countries, still apply centralization in everything, including trade.

Centralised exchanges are more secure trading platform. Because everyone expecting promising platform so most of the decentralized exchanges are not convenient to survive in trading so I recommend Centralised platform. Nowadays all are move to decentralized cryptocurrency so we are all looking for some centralised exchanges.

Regarding your point about security, I disagree with you. How many centralized exchanges have been hacked? And how many DEX? Got my point? With the decentralized, you have a full control over your coins which is not the case with others. DEXs are starting to be more popular recently and it has the demand to survive unlike what you think.

[proTECH77]

In my own opinion, decentralized exchanges are the best and better than the centralized ones.
Transparency is the rule of the day on decentralized exchange and transactions are open.
Anonymous transactions are done without any fear or doubt of tracking.
Freedom is guarantee for all and sundry....   

[stellgod]

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-xA7p9NbdI

I 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 the reason why people don’t usually go for centralized exchanges is because they are a being regulated by the government, but decentralized are either a bit regulated or not regulated at all. So people prefer things that are not being regulated by the government, maybe cause they don’t want the government to control their and maybe they are avoiding tax or so.

[Aivaryamal]

For decentralized exchanges with smart contracts is the future, because they are more reliable and save money in contrast to the centralized, bitter experience already exists(

[ninuplanste]

I am using decentralized exchanges for trading as they list coins  I cannot find elsewhere. They are hacked sometimes, not user
friendly,  having  low volume and very bad support. Centralize exchanges are more safe ( the good ones offering refunding if hack happens ) .
Binance is opening a decentralized exchange as well, hardly waiting to see how it will look like.

Decentralization is better, because all transactions are more open, meaning they can be monitored because the server is not centralized. If centralization can occur data manipulation or prices that are very detrimental to the users. Therefore, many countries, especially developing countries, still apply centralization in everything, including trade.

Yes this is very accurate, when an exchanger is decentralized people are able to monitor every transaction and there will be nothing hidden from them. But with centralized, you’re not able to monitor most things, though the good thing is that people won’t be a able to manipulate coins up and down, they might do it, but it won’t be easy as it should be when it’s on decentralized exchange.

[okala]

The decentralized exchange is far more better than centralized one and I believe that our coins are more safer in decentralized exchange trading than decentralized one. However we have already used to centralized systems and that is why traders and people are now used to centralized systems and exchange than centralized one. In reality and in future decentralized exchange will be use as a mode of exchange.

[Bitcotalk]

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-xA7p9NbdI

I 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 the reason why people don’t usually go for centralized exchanges is because they are a being regulated by the government, but decentralized are either a bit regulated or not regulated at all. So people prefer things that are not being regulated by the government, maybe cause they don’t want the government to control their and maybe they are avoiding tax or so.

Unfortunately now, even decentralized exchanges are beginning to switch to the hybrid side of things as we are seeing the government suing Etherdelta owner for not going with regulation plans and we see Idex of recent instigating the idea of regulation at all cost.

I would say times are changing, and unless we get to have a decentralized exchange that is not tied to anyone or a decentralized exchange with good features and volume when it comes to liquidity, before we can start thinking of people liking Decentralized exchanges. For now, irrespective of the regulations, centralized exchange still takes the lead.

[Lotermity91]

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-xA7p9NbdI

I 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?

That depends on you who is making of it. If you feel that what you need is a centralized exchange then you can go for it,but remember that they are the ones that are regulated but they seem to be more safe than the ones that are decentralized. The both has their advantage and disadvantage,there are features you might find in decentralized exchange but won’t find it in centralized .

[sinkfish]

centralize means surrender your freedom for securities.
decentralize means you got all the freedom but prone to market attack.

[hulla]

centralize means surrender your freedom for securities.
decentralize means you got all the freedom but prone to market attack.

Youre somehow right and not right because it not all decentralized exchange are prone to market attack. Besides, some centralized exchanges are also prone to market attack and the only advantage that the centralized exchange have over decentralized is that some of them offer crypto credit/debit card and fiat transaction either while decentralized usually offer crypto only transaction.

[dead_m92]

It doesnt matter how many decentralized exchanges there are, Idex and Forkdelta are the only ones in which i trust, because i do not need to register and the process of buying is very fast.

All the others dont seem to be relative to me, and i think that they are not to be trusted.

Maybe it is because i am a little bit sceptical about this, but i dont know

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-xA7p9NbdI

I 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?

[karnwillbit]

Centralized exchanges combine trading volume, information about clients ' accounts, funds and positions. This is very convenient for users who can easily log into their account with an email and password, but in this case, exchanges become an attractive target for hackers who can steal funds or personal information of account holders.

Exactly. What I prefer the decentralizes exchanges is that they are not prone to government intervention normally. This helps vanish the air of uncertainty in the business and you can easily invest in the asset without having to worry a lot about the future of your assets. However there are related risks as well which hinders one’s ability to make good money. Both of these have good and bad aspects in one way or the other.

[zarinalnr]

Of the decentralized exchangers, I trust Idex and Forkdelta. Nobody controls the deal, all straight. The possibility of hacking is a minus.

[Easzjohn]

Decentralised exchange might not have the necessary to match up with centralized exchange.  But in terms of having control over ones find decentralised exchange provides that

[calya]

between of them have their own advantages and distadvantages.we could not compare it peer to peer.but personally i am prefer decentralized exchanes, cause it doesnt need kyc to wd my money.

[cryptoblue77]

Many investors have been facing a lot of problems in Decentralized Exchanges, on the other hand Centralized Exchange such as Binance has been doing very good over the past one year and it has reached the top position.

[YoungMaster]

For me the centralized exchange is the best choice. well.. even if it is a bit inconvenient like doing KYC, phone confirmation, and sometimes e-mail confirmation, but that makes them more secure from the hackers that steals an account.

[bayu7adi]

both have advantages and disadvantages of each, but for the long term I prefer the centralized exchange with supervision and security guarantees from the international police
so when there is suspicious activity from the owner of a centralized exchanger, the police will act according to the applicable law, and as a suggestion only, if you want to transact in large quantities, above 50k USD, then you should start being careful, don't save 50k USD in the wallet exchanger, than you regret at the end

[apityeh71]

I don't use any Decentralized exchange because high fee of transactions and all of them does not provide feature of stop limit.  Beside that centralized exchange has more high trading volumes.

[Kasabus]

I don't use any Decentralized exchange because high fee of transactions and all of them does not provide feature of stop limit. 

Decentralized exchange has only limited features but they are good if you do not want to comply with the KYC requirement, some believe that decentralized exchange is the future of exchange, in fact CEO and Founder of Binance are developing their own exchange which is set to launch this year.
If they do not see any potential, they would not bother doing it and just focus on their very profitable trading site.

Beside that centralized exchange has more high trading volumes.

That's given as people trust more on centralized exchanges but if things will change in the future, we may see the opposite.

[tbossmitche]

This question appears to me like asking "Which is better between bread and rice?". Every individual will have his preference based on experience and reviews by other users. This is not to say that each type of exchange does not have it's own shortcomings. The question then becomes "Which of these disadvantages can I live with?".

I personally prefer to use centralized exchanges because they are easy to use and support team is readily available. I don't exactly like using decentralized exchanges because of disclosure of private keys.

[3core]

Centralized exchanges because they have more trading features, and makert volumes