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Author Topic: will decentralised exchanges be the future ?  (Read 1941 times)
fredo123
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August 21, 2018, 01:30:10 PM
 #21

A decentralized trading platform can limit the risk of losing money to investors because the capital remains in your wallet, not your wallet. However, the limitation is that order matching and processing speed are not as fast as those of binance, bittrex.
Trading cryptocurrencies is a risky business, but there is no reason that traders should face risks other than those they are already willing to take. The blockchain community understand this problem and several entrepreneurs are taking it upon themselves to create what they believe will be the future of trading. Decentralized Exchanges. The central idea here is that traders should remain custodians of their funds.
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August 21, 2018, 01:54:48 PM
 #22

Have been searching for decentralised exchanges to trade on for security reasons after watching Andreas M. Antonopoulos - https://www.youtube.com/watch?v=hi_jaw0dT9M .
So far the Bitshares DEX has been the most liquid and what seems as truly p2p but other Ethereum based dexs are potentially good also. Will DEXs really be the future ? Or will centralised exchanges slowly become decentralised. 

Ya i think people will lose interest with centralized exchange that everytime can happen a hack or an "escape" from it's owner.
So using decentralized is more safe, but right now decentralized exchange only for eth based.
svetochka.yakovleva.93
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August 21, 2018, 02:41:24 PM
 #23

I very much hope that there will be a decentralized exchange and in general there will be a whole world crypto decentralized! if this happens, then people will have more confidence in the crypto market! there are already a lot of exchanges where the exchange is decentralized and they are very popular!
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August 21, 2018, 02:43:28 PM
 #24

It is a great platform of the future but I doubt that the government would not oppose the idea. The reason they are in for regulations and constricting the growth of exchanges is not because of fraud prevention per se, but rather control from the money inflows and outflows that they can tax hugely. With that said, they will try to get their hands on these decentralized exchanges if ever it got the attention it deserves. Even centralized exchanges could conspire against the rise of decentralized exchanges since it might urge traders to just do atomic swaps rather than deposit, wait, trade, and withdraw.

A decentralized exchange is a top-notch solution for trusting third-party intermediaries to take care of your funds. While it offers convenience and safety to the traders, the platform still is susceptible to hacks and whatnot, as it is with any other trading platform and software in general nowadays. Count also the general knowledge of the public about a decentralized exchange's complexity and government opposition and you'll have a hard time getting these out in the open with strong support.

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Micerker
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August 21, 2018, 02:48:35 PM
 #25

Any exchange is the best. The team of the exchange can protect everyone. Exchanges like IDEX, DDEX use other methods to limit the personal information of each customer. They are trying to create the best environment. Everything is best with users who requested anonymity for personal information.

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August 21, 2018, 02:50:01 PM
 #26

We cannot always conclude to what we expect and what we say.  There are some advantages and disadvantages by choosing exchanges. We have these exchanges that requires private key so that you can hold your informations privately and there are some exchanges that holds a huge amount of investment to the point that you don't have to worry. i always prefer exchanges decentralized or centralized  but has lot of users/members and big traders.


DrGuns4Hands
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August 21, 2018, 03:00:45 PM
 #27

In effect, small investors were dumping their investments with no profit but a loss; leaving bitcoin a decrease in its price which will affect the future ability of the currency. But it is the future of the exchanges and even if that happened to the marketl; it will still be the market of decentralization and it really is the best and secure way of exchanges. It is the point that every one of us is trying to make the best and the towards our own improvements and the development of technology enhance the future by this exchanges using computerized and advance technology. Thus, it will still be the future of exchange even if the market today is at its bearish.

Crypto Girl
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August 21, 2018, 03:26:52 PM
 #28

Decentralized exchange will be the future but right now there's only a few dex that's good to use. The problem with dex is right now there's only a little trading volume and there's no liquidity that makes trading harder, people complain about the expensive fees or dodgy action that centralized exchange does but they have a great trading volume and people will prefer it as they can trade easier and the ui is easy to use.

It's truly you'll be able to get what you've paid for so if you're using dex then you shouldn't demand for good service plus high liquidity. CEX have good liquidity pool because its team had doing some marketing strategy to attract more traders. And I guess these exchange sites will be the same as they were and nothing will change and besides no centralized site will be glad in switching to decentralized one. That's too absurd, I think.

I use this provider to trade Cryptos : Bitcoin Revolution
adnandanish102
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August 21, 2018, 03:31:25 PM
 #29

There are no chances of decentralization of cryptocurrency exchanges although, it can be greatly centralized in the future. However, if governments stood barriers in trading and exchanges then this can seriously affect the exchanges and can also result in the decentralization of exchanges very badly but the loses done by any of this unusual activity will be limited to a specific amount in case of any relief given to investors.
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August 21, 2018, 03:39:05 PM
 #30

If you look at new projects in crypto being developed now there are new decentralised exchanges being introduced every month, perhaps even several times per month. Only one needs to succeed but it has to be big like bittrex to get people to move across

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Olayinka225
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August 21, 2018, 07:33:02 PM
 #31

I think the whole exchange theocracy will definitely move to the Decentralized exchanges soon or sooner because Decentralized exchanges is really helping the survival of most coins even if they have mothing to deliver but at least it's helping them against unzealous dumprs mostly from airdrops or bounty
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August 21, 2018, 07:35:21 PM
 #32

Decentralized crypto exchanges have never been successful in some way until today. In fact, many promise great potential. But they did not get the necessary volume.



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August 21, 2018, 07:35:49 PM
 #33

With the hacking of centralized exchanges, I believe the decentralized exchanges would be the norm of the future! Though that being said nothing is 100% safe, hackers will still find loop holes to mess around with the latter type of exchanges as well. A rule of thumb would be NOT to keep your tokens/coins in any sort of exchange for too long.
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August 21, 2018, 07:42:00 PM
 #34

Decentralised exchanges will exist for the next time i guess.But there will come the regulation of the cryprocurrency market,it will be too much money in the whole game. I don´t think the goverments will allow that without takeing a big peace of cake for thair selfes
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August 21, 2018, 08:10:02 PM
 #35

Have been searching for decentralised exchanges to trade on for security reasons after watching Andreas M. Antonopoulos - https://www.youtube.com/watch?v=hi_jaw0dT9M .
So far the Bitshares DEX has been the most liquid and what seems as truly p2p but other Ethereum based dexs are potentially good also. Will DEXs really be the future ? Or will centralised exchanges slowly become decentralised. 
Probably in terms of decentralized Bitcoin it would be great to have something like this decentralized exchange. Because everytime when the exchange is centralised they will try to make their own profits instead of giving us the opportunity to have our.
KHodl (OP)
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August 23, 2018, 03:32:44 AM
 #36

What dex's is everyone trading on ? cons and pros?
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August 23, 2018, 04:15:13 AM
 #37

DEX should be the future, only problem is that CEX which have made a name for themselves in the space aren't interested in going that way. Seems everyone is giving into the wishes of regulators against the peoples.

Centralized exchanges only really exist because people use them. They also have no choice but to cooperate with regulators because of their business model. You can't blame them for the lack of decentralized exchanges, because they're only really catering to an existing demand -- there are already decentralized alternatives, and yet people go out of their way to use centralized ones.

If anything is to blame, it's the priorities of the majority crypto users, opting for convenience over decentralization. I don't think that's inherently a bad thing either because it's really just a matter of preference. At the end of the day, it's up to decentralized exchanges to up their game to be a more attractive option, not for centralized exchanges to embrace decentralization.

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August 23, 2018, 04:25:20 AM
 #38

In the future, the regulation of the country's crypto currency will only increase. At the same time, there will still remain states where the crypto currency will be banned or severely restricted in circulation. For such countries, decentralized exchanges and exchangers will be a good way out of the situation. On the other hand, whole islands with the circulation of decentralized crypto-currencies are already being created, including in traditional offshore zones. They will become a place where there will be decentralized exchangers even if the time of doing various operations with the crypto currency in them can be a little more, this will not be so significant.

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August 23, 2018, 04:59:36 AM
 #39

I do not think that the future will be decentralized exchanges for many reasons I will summarize:

 - New investors: Many newcomers do not care about decentralization, they only focus on profits and guaranteed trades, decentralized platforms do not provide this feature.
 - Current situation: So far the trading values of the central platforms are higher.[1]
 - Regulatory decisions: If any market regulation occurs, the central platforms will be preferred.
 - Problems when using those platforms.[2]

[1] Top 100 Cryptocurrency Exchanges By Trade Volume
[2] Localbitcoins.com is illegally holding my 9.3 bitcoin on "escrow" since may 2015

I disagree because all the reasons you mentioned are things that are affecting the situation right NOW not in the Future.

- in the future we are not considering the newcomers anymore because those that are already in are a lot and focusing on profit  doesn't concern centralized or decentralized exchanges. you can make profit regardless of the platform.
- that is it, "current" situation, not future situation.
- this can go both ways, imagine a very strict regulatory rules, unreasonable taxes, and centralized exchanges that are still being hacked. people will choose decentralized exchanges without hesitation.
- localbitcoins is not exactly a decentralized exchange though. in many ways it is centralized in my opinion.

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August 23, 2018, 05:44:12 AM
 #40

sure it can be the future of exchange where we can eliminate those centralized exchange that can manipulate exchange to their taste and make use of bot at times to deceive people.
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