Centralized and Decentralized exchanges? Which one do you prefer?

[john2231]

I always vote to Decentralized exchanges but most of well-known exchanges right now is centralized and regulated exchange.

I don't trust centralized exchange right now unlike decentralized exchange you can have private key so you have full control to your own wallet.

[leea-1334]

Centralized exchanges for dumpers
Decentralized exchanges very strict for dumpers

I prefer both of them because they have their benefits,  as for the centralized exchange they have huge volume compared to the decentralized exchange,  decentralized exchange you have control over your account as compared to centralized exchange,  so they both have their own benefit I use both regularly

Same here . why choose one when you can choose both of them ?  I do airdrops and i recieve alot of token which can only be traded on decentralized exchanges  . im also a trader and investor , i mainly buy my coins at a centralized exchange because i find centralized exchange more easier and faster despite the security and privacy issue  .

Everybody can say what they prefer but at the end of the day,,, we will use exactly what meets our needs, no matter the pros and cons. Let me tell you if only 1 exchange could list the ICO token you invested in,,, that would be the exchange you are using. Which is another reason why I simply stopped using all these ICOs who can only get listed on low volume exchange with fake orderbooks.

[seoincorporation]

Centralized exchanges for dumpers
Decentralized exchanges very strict for dumpers

The thing here is; What happens if the exchange is scam?

If it's a centralized exchange scam, then we have someone to blame, and someone could go to jail while we get our money back.
If it's a decentralized exchange, then we can't blame anyone, and the money will just go and we can't do anything about it.

[rijaljun]

Centralized exchanges for dumpers
Decentralized exchanges very strict for dumpers

The thing here is; What happens if the exchange is scam?

If it's a centralized exchange scam, then we have someone to blame, and someone could go to jail while we get our money back.
If it's a decentralized exchange, then we can't blame anyone, and the money will just go and we can't do anything about it.

Is it possible to scam people through a decentralized exchanges? I think it's just a low possibility with no significant value. The reason why people rather to choose centralized exchanges is because the trade between users needs no transaction, and in the decentralized exchanges it's a must to create a blockchain transaction. Another reason, decentralized exchanges can't allow trade cross-chain and that's bad since people don't just trade tokens from a single platform like ethereum.

[Thanasis]

People trust centralized exchanges more than the decentralized exchange,because there is many issues happened with DEX and we will be having hard time to resolve the issue but in centralized exchange means we can contact support and can ask their help to know what can be done to resolve it.

[kriptomak]

and centralized and decentralized have their pros and cons, the center. something often began to be hacked lately. to withdraw the service sometimes makes such quirks, also commissions sometimes such that it makes no sense to trade.

[RapTarX]

Decentralized exchange is better because there's ni much hassle if account being locked or any kind of wrong activity from the authority unlike the centralized exchange. On the other hand, if you accidentally make any error, in centralized exchange you may sort it out but not possible in decentralized exchange.

[lovesybitz]

Centralized exchanges for dumpers
Decentralized exchanges very strict for dumpers

In the first place, Most of the top exchange in the market that are listed are centralized exchange.
All centralized exchange platform are requiring traders to submit their KYC while Decentralized exchange
is not asking any KYC to any of the their client users. But in my case, I preferred to trade on centralized
exchange, though I'm not saying DEX is not good.

[jessicalea]

Both solutions have their merits and demerits.

Decentralized exchanges don’t have an intermediary to hold users’ funds and are deemed more secure because they run on distributed nodes, ensuring that they are immune to hacks. Other benefits of this platform are anonymity and no trading fees.

On the other hand, Centralized exchanges have high liquidity and trading volumes, and offer better UI/UX. User accounts in CEX are insured, which means that the user will get their funds back in case of mishaps. It also allows users to exchange fiat currency for cryptocurrency and vice-versa.

These are some of the merits of CEX and DEX. It is completely up to you to choose the better solution for your online coin trading.

[Hughes_Ryan]

I always vote to Decentralized exchanges but most of well-known exchanges right now is centralized and regulated exchange.

I don't trust centralized exchange right now unlike decentralized exchange you can have private key so you have full control to your own wallet.

In exchange, I do not judge whether I prefer to focus on decentralized or more concentrated exchanges. The main problem is that our trade is safe and secure, including hedge funds. Both have their own strengths. The majority of decentralized floors were selected to create small exchange volumes before reaching the central exchange floor. If possible, I like Huobi (centralized), IDEX (Decentralized).

[ivanserfg]

that centralized that decentralized have their pros and cons. A cryptopia has recently deteriorated. Yes, and others have problems. On Ezerdelt, it is sometimes impossible to place orders on some instruments.

[stadus]

Both are good exchange, any exchange dumpers can do their thing.
More exchanges means more competition in the market, that would give better service for us traders.
The advantage of decentralize exchange is you can trade without KYC, but less secured since you need to input your private key.

[Malamok101]

Centralized exchanges for dumpers
Decentralized exchanges very strict for dumpers

Centralized is good for me unless they sell their tokens even it is low. Because decentralized exchange is waiting to buy your coin once you sell it. What if theres no buyers are willing to buy? You coin will stock and wait for so long also. If they don't like the price of it once you make a bid.

[Psynthax]

that centralized that decentralized have their pros and cons. A cryptopia has recently deteriorated. Yes, and others have problems. On Ezerdelt, it is sometimes impossible to place orders on some instruments.

DEX has more pros than cons, bancor was the only hacked case that happened with DEX (Caused by security breach or vulnerability) while CEX has so many hacked cases (Even the biggest one like MTgox)
Basically, this is not relevant to say DEX can be easily hacked.
CEX has proven itself so many times if that's having cons than pros. Almost all of the hacked cases that happened with Decentralized exchange site is not related to its hot wallet.

[diazepam666]

If we see the decentralized exchanges number of users are very less when we compare it with centralized exchanges.

For example you can compare the Binance(centralized) with WavesDEX(Decentralized), Binance has the big user base and great volume. I am not sure why all traders believe such centralized exchanges more than DEX exchanges.

[arpon11]

and centralized and decentralized have their pros and cons, the center. something often began to be hacked lately. to withdraw the service sometimes makes such quirks, also commissions sometimes such that it makes no sense to trade.

The decentralized exchange is better than the centralized one and because of the  type of mind we have built over time we tent to think in centralized system and that is why centralized exchange platforms is more adopted than the decentralized one. Though each of them has it disadvantages and advantage and I do like to buy the dumping tokens at the decentralized exchange and sell them when there are listed in a centralized exchange as the price is always high in centralized exchange because of volume.

[shoreno]

If we see the decentralized exchanges number of users are very less when we compare it with centralized exchanges.

not true at all . do you know the dex echange called ed and idex ? Both of these are verry popular and they cant become popular if they only have less registered users  .

For example you can compare the Binance(centralized) with WavesDEX(Decentralized), Binance has the big user base and great volume. I am not sure why all traders believe such centralized exchanges more than DEX exchanges.

Waves dex is not really popular but binance is a verry popular exchange so comparing both of them is not fair  .  you can compare binance to idex and ed , that will give you a good fight  .

Meanwhile i prefer both centralized and decentralized because not all coins can found on cex as well as on dex .

[carlfebz2]

For example you can compare the Binance(centralized) with WavesDEX(Decentralized), Binance has the big user base and great volume. I am not sure why all traders believe such centralized exchanges more than DEX exchanges.

Waves dex is not really popular but binance is a verry popular exchange so comparing both of them is not fair  .  you can compare binance to idex and ed , that will give you a good fight  .

Meanwhile i prefer both centralized and decentralized because not all coins can found on cex as well as on dex .

I dont see why it would be needed to compare a Centralized to Decentralized when it comes to popularity.Its clear as water that no one would able to beat up Binance in terms of volume and reputation.The difference can be seen on point and come to think that most DEX do trade off erc20 and only a few do trade up other tokens and even doing some crosschains.

[TopT3ns]

For example you can compare the Binance(centralized) with WavesDEX(Decentralized), Binance has the big user base and great volume. I am not sure why all traders believe such centralized exchanges more than DEX exchanges.

Waves dex is not really popular but binance is a verry popular exchange so comparing both of them is not fair  .  you can compare binance to idex and ed , that will give you a good fight  .

Meanwhile i prefer both centralized and decentralized because not all coins can found on cex as well as on dex .

I dont see why it would be needed to compare a Centralized to Decentralized when it comes to popularity.Its clear as water that no one would able to beat up Binance in terms of volume and reputation.The difference can be seen on point and come to think that most DEX do trade off erc20 and only a few do trade up other tokens and even doing some crosschains.

Maybe for compared, because in some trader's opinion, crypto space must fully decentralized. I have a friend who not like centralized exchange and always make comparation about it. For me personally, as long it secure i not really think about centralized or decentralized.

[batang_bitcoin]

If we see the decentralized exchanges number of users are very less when we compare it with centralized exchanges.

For example you can compare the Binance(centralized) with WavesDEX(Decentralized), Binance has the big user base and great volume. I am not sure why all traders believe such centralized exchanges more than DEX exchanges.

Where most of the traders are, other flocks will come to that majority and join them. It's about where majority is staying and what exchange they trust and everyone will just go with it to try and test if they really are good.

Meanwhile i prefer both centralized and decentralized because not all coins can found on cex as well as on dex .

A trader will have his preferred exchange base on his like and will go away from an exchange that he dislike. And another reason is with what you mentioned, it's true that most of the alts that the traders and investors hold can't be found on centralized ex.