DECENTRALIZED EXCHANGES: why we need decentralization?

[pavka]

I had experience working with the Bancor decentralized exchange. However, a few months ago, the exchange suffered from a hacker attack and I also had in connection with this financial loss, which has not yet been compensated.

[Osayo]

The decentralization exchanges are just doing one of the purposes for the existence of cryptocurrencies which is simply to put you directly in charge of your money. There are so many such as TokenStore, Idex, ForkDelta, EtherDelta, and so on.

[satosibtc1000]

In my opinion decentralized exchange is very easy to use and also they are anonymous to users. You don't need to provide personal data and don't even need to show your email.

[happyme1818]

We need decentralize exchange to fully control our cryptocurrency. Centralize exchange are like banks, they control our coins inside their platform. They also have the key to our cryptocurrency. If they decide not to an access with your account you can't do anything about it.

[airdagon]

I think, that decentralized security exchanges are safer and better. and hosting of decentralized exchanges is sent through nodes to nodes, I mean, that there is no risk of server downtime.

[khaled0111]

I usually trade on Ddexs because of low fees and they don't need any registration or ask for KYC.
Besides, all blockchain's applications should be decentralized, that's the purpose from creating this technology.

[bloodyvio]

until now there has been no pure decentralized exchange
IDEX recently banned IP from New York to access the exchange
how sad they say they are decentralized exchange but they can control who can access the exchange
we really need decentralized exchange so that the activities of users remain anonymous

[hulla]

I have created this post to discuss and comment generally about exchange decentralization



What are the benefits of  decentralized exchanges?



BTCDo you know any?



BTCHow has been your experience with them?



BTCWhat benefits / extras do they offer?



BTCHave you heard of some new exchanges projects that got your attention? and why?



Personally I made my research and read about one called BitHemoth, it is on its initial phase and what they are going to offer is quite unique, such as their own hardware wallet, and debit cards to use you assets without converting them to fiat first here I leave the links https://bithemoth.com/ https://youtu.be/gI2pGcuAaIY let me read your opinions

Firstly, decentralization was the tradition of cryptocurrency and blockchain as it was implemented by Satoshi in other to make everyone equal, give people liberation from the government power and errors but give the community the power to control crypto sphere.
Therefore, the benefit of decentralized exchange is to make their users anonymous instead of collecting some private information which could expose their users to hacker or online theft because we had an issues where the people in charge of customers data link and sold their customers information which we both know could back fire the data owner.

Have alot of exchanges and projects that caught my attention simply because they are fast with their services, have good customers support and they decentralized.

[gilangIDR]

I think that this will be very difficult to do, decentralizing exchange is impossible. This is because each exchange must have a different service.
Each exchange has its own interests and it is not easy to put together in a centralized system.

There must be support from all parties and that is a matter that needs struggle, maybe the opportunity is only 20 percent.

[suzanne5223]

Well, cryptocurrency and exchanges site are meant to decentralized because the reason behind cryptocurrency creation was to make people financial freedom, save us from the government failure and to give the world total liberation from the world economic problem. However, any exchange which are not decentralized are definitely trying to please the government instead of the crypto community which are the reason why they exist in the first place.
Nexybit is the exchange that got my attention because they are good, fast , decentralized and it the first revenue sharing exchange.

[H1N1]

I have created this post to discuss and comment generally about exchange decentralization



What are the benefits of  decentralized exchanges?



BTCDo you know any?



BTCHow has been your experience with them?



BTCWhat benefits / extras do they offer?



BTCHave you heard of some new exchanges projects that got your attention? and why?



Personally I made my research and read about one called BitHemoth, it is on its initial phase and what they are going to offer is quite unique, such as their own hardware wallet, and debit cards to use you assets without converting them to fiat first here I leave the links https://bithemoth.com/ https://youtu.be/gI2pGcuAaIY let me read your opinions

I think the benefit of decentralized exchange is the data statistic is real. For example the volume. It is hard to fabricating the volume in decentralized exchange with a fake volumes. And the decentralized exchange is not required for us to create account other than our wallet itself.

[fudster]

Decentralized exchange is what we really need for blockchain economy the problem however is that when it comes to decentralized exchange there are pretty much low volume from it to make the prices of these tokens go up. Traders prefer to stick on bigger exchanges that they can hit the floor when trading. There are several decentralized exchagne right now that aims to have big volumes, I think their success will help the economy of each tokens listed.

[wxa7115]

I have created this post to discuss and comment generally about exchange decentralization



What are the benefits of  decentralized exchanges?



BTCDo you know any?



BTCHow has been your experience with them?



BTCWhat benefits / extras do they offer?



BTCHave you heard of some new exchanges projects that got your attention? and why?



Personally I made my research and read about one called BitHemoth, it is on its initial phase and what they are going to offer is quite unique, such as their own hardware wallet, and debit cards to use you assets without converting them to fiat first here I leave the links https://bithemoth.com/ https://youtu.be/gI2pGcuAaIY let me read your opinions

Decentralized exchanges are the future and there are many reasons for that, to begin with you are the one that is always in control of your coins and not the exchange, this is something very important because as we know there have been many hacks in the past to exchanges and they could lose your coins and while losing your coins is already a terrible experience, losing your coins because of the mistake of someone else is even more devastating.

Another advantage of decentralized exchanges is that is going to be a lot harder for governments to regulate them so we can expect to keep our privacy in those exchanges for a very long time, but there are problems as well and one of those at the moment is the lack of volume in such exchanges.

[usekevin]

I have created this post to discuss and comment generally about exchange decentralization



What are the benefits of  decentralized exchanges?



BTCDo you know any?



BTCHow has been your experience with them?



BTCWhat benefits / extras do they offer?



BTCHave you heard of some new exchanges projects that got your attention? and why?



Personally I made my research and read about one called BitHemoth, it is on its initial phase and what they are going to offer is quite unique, such as their own hardware wallet, and debit cards to use you assets without converting them to fiat first here I leave the links https://bithemoth.com/ https://youtu.be/gI2pGcuAaIY let me read your opinions

Decentralized behaviour of bitcoin,made them sustained for 9 long years. If the bitcoin price is Centralized one ,then it value is controlled by the individual.We are investing our money.If it's centralised,the person having the power of control of bitcoin price.Will get your bitcoin,by reducing it price.And the new trader will sell their bitcoin due to panic.

[Olayinka225]

Really Decentralized exchanges is what we need. Why because?

This is going to cub or regulate the way people quickly dump most of their coins if not all almost immediately a particular coin is been listed.

[CryptoJedi1]

I believe a decentralized exchange will be free from fraud. The transaction fees are less compared to others. And people love the idea of decentralization.

[Jeroregan58]

Anything that is distributed or decentralized has huge benefits to offer. A decentralized system is usually fail proof. It also ensures robust security. This exchanges should gain popularity in upcoming days due to its decentralized nature.

[Eowiadia001]

We need decentralized exchanges because they are safe. Any person can participate in this and it will always be se secured. Also the charge is low.

[Galayviel02]

Decentralized exchanges are meant to protect the users involved in the transactions from unnecessary intrusions. It also helps in keeping privacy.

[Aiawyr11]

Decentralized exchanges offer more security and as it has no regulations to follow the government can't shut it down easily. But these exchanges are a bit harder to use for general users.