Centralized vs Decentralized Exchanges - Which ones are better?

[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.

[1715162583]

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[1715162583]

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[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?