Decentralized vs centralized cryptocurrency exchanges, which one is better?

[biznes35]

Today I prefer centralized cryptocurrency exchanges. Since there is no such dynamics and very often such exchanges offer their tokens which also grow in price.

[michellee]

Every system, decentralized and centralized has different advantages. We cannot say decentralized is better than centralized because the purposes of that system will be not the same. I don't mind to trade in the centralized or decentralized cryptocurrency exchanges, as long as I feel comfortable to stay and trade and I don't have any problem in that site. The problem with centralized is the customer data can get hacked, and that is a job for the exchanges to protect their user. Meanwhile, we don't have to send the document in the decentralized exchange, but we don't have many options to trade because the coins are only for tokens and not altcoin.

[malekbaba]

Security and privacy, 2 major benefit of decentralized exchange. In DEX, the process of transaction is peer to peer. Means between 2 parties and funds remain in escrow till the end of deal and both parties get fund after the closing of deal.
Your wallet is not yours unless you secure the private key. DEX is getting popularity. Centralized exchange is against cryptography.

[muslol67]

If we look at the real story of the crypto money, it's one of the biggest features that it has to be decentralized. After bitcoin, centralized or half-decentralized crypto coins also appeared, but this cannot change the actual event.

The same goes for Blockchain. The fact that the book that records a transaction is decentralized can make it safe and reliable.

DEXs should definitely be preferred if we look at the subject from this perspective. But I'm not sure yet the market is ready for it! DEXs should become more preferable. Unfortunately, people are not ready for this. CEXs are preferred because they are more popular.

With the spread of DEX,

1) Market entry exit barriers and controls are eliminated.
2) KYC problems are eliminated.
3) Transparency increases.
4) The coins with the trade of blockchain and crypto money can reach their real value.
5) Manipulation and speculation is reduced.
6) ... I think we can increase this too much ...

NOTE: In some non-virtuous subjects, use may also increase. It may not be an obstacle for malicious use.

[talkbitcoin]

Centralized exchange is against cryptography.

it has nothing to do with cryptography to be for it or against it.

centralized exchanges are simply special services that you have the option to use because they offer certain benefits that decentralized exchanges don't.

[Felipeo]

Its up to you which function you like about an exchange. For me I always like fully  decentralised exchange cause in most of the decentralised exchange which don't access my fund. So I use exchange like switcheo  idex some other decentralised exchange based in EPs and trim. But the problem with decentralised exchange is the trading volume. They don't have much trading volume in decentralised exchange and a lot of scams on it. For some coin i have to use centralised exchange like binance  kicking bitter. That's it. But in centralised exchange the security is doubtable.

[Yasya]

We need decentralized platforms with a convenient interface and good liquidity. But this sector is not attractive for big money yet as it is unprofitable for them. They will better create a dozen more projects like TRON or GRIN, parasitizing on the community's natural desire for decentralization and anonymity. If each user realized that he needed to withdraw all the funds from the centralized exchanges and at least half of them did so, then there would not be enough liquidity to withdraw all the cryptocurrency to cold wallets.  If you do not trade every day, withdraw your funds from centralized exchanges, otherwise, you will lose them sooner or later.

[Yasya]

The security of CEX is very fragile

A hacker ExploitDOT is trying to sell data from users of the leading Bitcoin exchanges (Bittrex, Poloniex, Bitfinex and Binance), which they provided as part of the KYC procedure. It is noteworthy that a pack of hundreds of identity cards costs only $ 10, according to CCN.

As the newspaper notes, ExploitDOT places its offers on the dark-marketplace Dread. Moreover, an independent cybersecurity researcher, who wished to remain anonymous, allegedly managed to get the real data of three users of the Binance exchange, pretending to be a buyer.

ExploitDOT even offers documents in bulk: up to $ 1 per 1000 copies, if the buyer places an order from 25 thousand.

[romero121]

Centralized cryptocurrency exchanges were more popular among the cryptocurrency users. Risk is also high with these exchanges, these exchanges have got the large trading volumes. This easily grabs the attention of crypto people compared to the decentralized exchanges which has got very small trading volume with larger trading pairs and listed tokens.

[joybella]

For a couple of reasons, CEX is better. Every exchange gets hacked one way or the other one can be phished but CEX offers more liquidity and great UI.

[george_hured]

Today, for some reason, it is customary to speak positively about decentralized cryptocurrencies. I think that today it is not just that and I’ll probably give more opportunities to this particular cryptocurrency exchange.

[prtty2gal2]

I will go for decentralized exchange because i always love to be anonymous when carrying out transactions especially financial transactions. Apart from being anonymous, decentralized exchange is better than using centralized exchange in terms of security, in the past years, we have seen how centralized exchange has lost a lot of its users money due to failure in good security of the exchange.

I will advise everyone to use decentralized exchange, but if you must use centralized exchange, make sure you send money to external wallet after trade.

[SistaFista]

I think centralized cryptocurrency exchange is better than decentralized one because it is more responsive.
But some peoples prefer to using decentralized exchange to remain anonymous because usually in centralized exchange, you will need
to submit your identity data to withdraw some amounts of coins or tokens there.

[Weeker]

For a decentralized currency, the sense is most likely more precisely in such exchanges. Many now even refuse to identify in the projects.

[Entei]

I think the exchangeable exchanges are very promising although there is still no 100% in this definition. It's sad to see that only exchanges with big players add their favorite projects causing many to have prices that are not justifiable by their values. It's a market that is warming up and every month we see more discussions on the subject. Governments already have problems dealing with centralized exchanges, what will happen when there is 100% DEX in your proposal?

[Yasya]

Binance DEX is decentralized or not?

Interesting post is here https://bitcointalk.org/index.php?topic=5112978.msg49862651#msg49862651

[ujinice]

If decentralized exchanges had similar functionality and interface as centralized exchanges, then they would not have flaws. But unfortunately, decentralized exchanges are very slow, they have an unfriendly interface and lack of functionality.

[r_delossa]

This is a very difficult question and this depends on what you want to have by an exchange. If it is important for you to have control over your funds, you need to chose decentralised exchanges, but if you need a lot of trading pairs, you should enter Binance or Okex.

[Felipeo]

Its depends on you that what you want in a exchange platform. For me I don't like to give access of my coins to others so I always like to use decentralised one. For me. And security is also a matter for me that's why  decentralised is the most best kind of exchange for me. But i also face many kind of problem in centralised exchange the main problem is volume of the coin in most of the cases there is very low volume and its fine to buy for dex for its very hard sometimes to sell in dex. That's why I have to use centralised exchange sometimes.

[Yasya]

Will Mt.Gox relaunch?

Everybody is aware of the history of Mt.Gox cryptocurrency exchange. Nowadays Brok Pierce is running a project Gox Rising. The aim of the project is to relaunch the cryptocurrency exchange and to pay damages to the creditors. So the main points of Gox Rising are:

• Restore brand of the cryptocurrency exchange

• Get domain

• Make all payments and the entire financial structure of the exchange transparent. Pay not at the rate of $ 400 for Bitcoin how it was set by the court but at the rate of the current situation

• If there is no money left, then past creditors will receive income from the future operation of the exchange, and thus debts will be repaid.

Also, Brok Pierce claims he bought 12% of McCaleb's share, although this is nowhere confirmed.

Such a case can create a positive influence on the future of the crypto world and restore the confidence to cryptocurrency.

But can the project be implemented? What do you think?