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Author Topic: Centralized or Decentralized, which is the right choice for Crypto Exchanges?  (Read 55 times)
FXTradingPro
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August 06, 2018, 05:39:28 PM
 #1

Centralized or Decentralized has been a question that continues to be asked as we see greater scrutiny on crypto exchanges from the public and government regulators.

https://forexmarketslive.com/centralized-or-decentralized-which-is-the-right-choice-for-crypto-exchanges/
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August 06, 2018, 06:10:23 PM
 #2

DEXs will be a lot more used in 2 or 3 years. Currently, people don't see the advantages over the centralized ones or find difficult to use. There is the problem to trust as well to consider as people have more trust in centralized exchanges (tinking wrongly their coins/money is safe or insured)
Since cryptocurrencies are decentralized currencies it makes sense to use decentralized exchanges, otherwise it's useless to use decentralized currencies

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August 06, 2018, 06:13:37 PM
 #3

The future of decentralized versus centralized exchanges remains dynamic, and the advent of potential hybrid exchanges emerging for cryptocurrencies as blockchain technology is developed and is distributed may gain enthusiasts.

And the debate will continue to burn within cryptocurrency communities, and will certainly evolve as ‘big players’ vie for market share and the masses embrace the freedom to trade and use digital assets.
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August 06, 2018, 06:38:30 PM
 #4

If it's not decentralized we may as well go trade stocks.  The most important thing with cyrpto is decentralization and being anonymous.  Else we may as well use fiat and stock trading.  It seems most people want to give up their freedom by participating in KYC and Centralized exchanges. 
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August 06, 2018, 07:09:50 PM
 #5

Decentralized is "better" on paper, but the issue is volume. The 2 most important things in an exchange are volume and security. Unfortunately, all of the DEXs we have today are severely lacking in volume (and even security, just look at the whole etherdelta fiasco).

For the common person, decentralized exchanges may be the way to go in the future (given that volume rises), but for the big players such as institutions, hedge funds, etc, legality is SUPER important so they will go through a centralized exchange. KYC/AML might be a deal breaker for you, but for institutions it is a MUST to meet compliance standards
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August 06, 2018, 08:13:58 PM
 #6

This is a very important question, I am of the opinion that the exchange should be centralized and must be regulated by the governments and must be inspected periodically by the governments. Why I think so? Because the exchange moves a lot of money from other people. There are thousands of people who put a lot of money into an exchange, so it makes sense to demand that all exchange have a physical office so that people can complain when they have a problem. The exchange must have a phone number so people can complain when they have problems. the exchanges must have enough staff to guarantee a good customer service.

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August 07, 2018, 02:24:05 AM
 #7

Each has some advantages and disadvantages, for decentralized exchange offer better security because we own the private key so we have full control with our money. But decentralized exchanges has high trading fee, low trading volume and less features. Mostly trader chooced centralized exchanges because offer lowest trading fee, high liquidity and some more features like trading contest, airdrop program, trigger order etc.

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August 08, 2018, 03:59:05 PM
 #8

In my opinion, centralized exchanger is better than decentralized because the centralized have a good circulation and supported by owner coin/token. Different with decentralized, it's uncontrolled and have a many risks.

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August 08, 2018, 04:18:43 PM
 #9


I really don't like the idea of strict policies and terms that a centralized exchange is implementing but on a positive note, it's a must since we are not talking about cents here. Centralized exchanges are really good but the problem is, some exchanges are still shit in terms of service e.g hacked, breached, scam, unreflected balanced, missing deposits, poor customer support etc.

Decentralized exchange on the other hand is really a must used. In the first place, we are here in crypto so it obviously we need a decentralized exchanged. But the problem is, low volume at most of the cases even for a hype coin.

If only those lacking in both centralized and decentralized will somehow be changed then both will surely gave an advantage to us.

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August 08, 2018, 05:19:48 PM
 #10

Centralised exchanges are reduce the risk of trading but decentralised exchanges are more profitable and little risky one so peoples are choose the decentralised exchanges. My self I always supporting to centralised exchanges because promising platform is required on any platform so we should choose centralised crypto exchanges.

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August 08, 2018, 05:36:58 PM
 #11

I would say that both the types of exchanges have their own advantages and disadvantages. There is undoubtedly more security in a decentralized exchange but lack of volume can be an issue. Centralized exchanges can be hacked and if hacked can result in a greater loss for us. Centralized exchanges can easily manipulate the price of all the coins but a decentralized exchange is a tough place for price manipulation. If a choice had been given to me among the two, I would go for a centralized exchange which has a better brand name and a good team whom we can trust.














 

 

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August 08, 2018, 05:58:06 PM
 #12

It's depends but both are good types of exchanges and they both have there own reputation in markets like in decentralized idex.market is best exchange and oldest decentralized etherdelta.com is not good as them in current market.

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September 20, 2018, 01:04:35 AM
 #13

For now all exchange that i used is centralized , i been use this exchange since acouple years and untill now i never get any problem.  I know some centralized exchange was hacked but i have seen also decentralized exchange of Etherdelta been hacked too about 1 years ago, and also Bancor decentralized exchange also hacked a few month ago.  To minimize the risk of exchange is we should be use more than 1 exchanges. I hope decentralized and centralized exchange increase the level of security so no more hack in crypto exchanges.

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September 20, 2018, 01:16:57 AM
 #14

For now all exchange that i used is centralized , i been use this exchange since acouple years and untill now i never get any problem.  I know some centralized exchange was hacked but i have seen also decentralized exchange of Etherdelta been hacked too about 1 years ago, and also Bancor decentralized exchange also hacked a few month ago. 

Whether it's centralized or decentralized, one should always be careful when accessing those exchanges. There are so many phishers out there and when you think that you are already safe and be lax when doing trading or when you go to their site when searching google then you should carefully scrutinize if that is the right site. You should bookmark it always so that the next time you visit it, you don't need to search for it.

To minimize the risk of exchange is we should be use more than 1 exchanges. I hope decentralized and centralized exchange increase the level of security so no more hack in crypto exchanges.

Aside from using more than one exchange, you should also put only your funds in an exchange if you need it to be there always and take advantage of the opportunity of fluctuation. Otherwise if you are a long-term investor of the coin which may take years before you sell it then put it in your wallet wherein you are the only one who can access it. Being it there in the exchange has the higher risk of being hacked.














 

 

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September 20, 2018, 01:35:27 AM
 #15

Go for DEXs rather on centralized one that you wouldn't know who you involved with or should I say it's somehow manipulative kind of exchange. DEXs has more future in the crypto world and far it will overcome any CEXs in no time, mind me.

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