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Author Topic: Decentralized vs centralized cryptocurrency exchanges, which one is better?  (Read 997 times)
shadowduck
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March 13, 2019, 04:04:22 PM
 #101

Centralized exchanges have a very strange feature to communicate with each other and regulate prices in the market. I think that many people already understand this process and many understand that the exchange is only for the regulation of prices on the cryptocurrency exchange.
centralized exchanges should not be trusted. it is important to understand that they do absolutely everything for their own purposes but not for users

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March 13, 2019, 04:09:18 PM
 #102

I am sure that decentralised exchanges are better for me. I like the fact that I still have full control over my funds, even by trading, what you cannot expect on a centralised exchange. But such exchanges like Binance are offering much more token pairs to trade.

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March 13, 2019, 04:15:28 PM
 #103

It depends on what you like on an exchange. Decentralised and centralised exchanges have their own advantages and disadvantages and everybody decides for himself what should he get by trading on an exchange.
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March 14, 2019, 04:05:38 PM
 #104

The token exchange becomes simple and free with the help of Bancor Wallet

Bancor decentralized network launched a wallet for exchanging one token for another. A feature of this technological improvement is that the tokens are exchanged within the same network, even despite the fact that they are issued on different blockchains. Another important detail is that Bancor Wallet does not store private keys to cryptocurrencies, what centralized cryptocurrency exchanges do. At the moment, an exchange is available between tokens that are issued on the Ethereum and EOS blockchains.

Bancor Wallet is based on the BancorX protocol, recently launched by the company, which is the “language” of exchanging one cryptocurrency for another without the need to set up an account at a cryptocurrency exchange. In the future, such a solution can seriously hit cryptocurrency exchange businesses that earn billions of dollars on commissions charged when exchanging digital assets for others. Bancor Wallet has no commissions at all, and the transactions themselves are carried out instantly. Gradually, all 9,700 cryptocurrency pairs in which transactions are conducted will be transferred to the new technological solution. It is important that it becomes possible to transfer one token to another regardless of whether there are potential buyers and sellers of such assets as the exchange is carried out automatically. In addition, Bancor Wallet users have the opportunity to have access to all decentralized applications without leaving the wallet interface.
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March 15, 2019, 02:55:50 PM
 #105

Bittrex has suffered huge loss of reputation

Bittrex attempted to replicate the success of the Binance Launchpad by launching the IEO platform — the initial ICO token placement, carefully selected by the cryptocurrency exchange experts, suffered a colossal collapse. Potential investors who have already replenished accounts to participate in the first crowdsale RAID escaped from scam.

Fifteen minutes before the start of the ICO, it became known that Bittrex had selected a dummy project for the initial placement or could become an accomplice to outright fraud.

RAID is a blockchain focused on the gaming industry. Players get a decentralized protection of gaming items and content, the possibility of selling them, and smart contracts allow to create applications that collect and analyze game statistics or other useful options.

Investor interest in the RAID project was due to the partnership with OP.GG, which owns and collects information from virtual platforms: League of Legends, BattleUns PlayerUnknown, Overwatch and eSport. Literally 15 minutes before the start of the crowdsale, the company stated that its plans were not to transfer the data to the blockchain, so any speculation on this topic is fake.

Bittrex urgently canceled ICO, apologizing to investors, shifting responsibility to RAID and OP.GG. Apparently the cryptocurrency exchange has not fully understood the idea of ​​creating IEO, which consists in guaranteeing the ongoing crowdsales, that is, a thorough preliminary verification of startups.
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March 15, 2019, 05:55:35 PM
 #106

This is no longer a standoff. I can confidently make a choice in favor of decentralization, because a person is subject to a great temptation to have dominance, that is, these are probably natural instincts that cannot be stifled.
Mmesooma1
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March 15, 2019, 06:01:46 PM
 #107

Decentralized exchanges are better for buyer because you can pick trades from specific sellers irrespective of last sale price. I like idex alot. The only shortfall for me concerning Dex exchanges is low volume

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March 15, 2019, 08:20:17 PM
 #108

Decentralised exchanges are much better, because I have more trust in them. Nobody knows if you are going to get your funds back from an exchange because technically you do not have access to your funds anymore.
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March 15, 2019, 09:44:49 PM
 #109

Of course I like those and other exchanges, of Course I would use decentralized exchanges, as they are easier to trade , but due to the fact that little liquidity to use them very difficult, on this course I trade on centralized exchanges like bittrex

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March 15, 2019, 09:47:36 PM
 #110

I use decentralized exchanges mainly due to privacy and security. You can´t never trust centralized excanges.
For example now, I deposited to Bitmart money and I can´t withdraw them before doing KYC!  Roll Eyes
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March 15, 2019, 09:53:17 PM
 #111

Centralized exchanges have a very strange feature to communicate with each other and regulate prices in the market. I think that many people already understand this process and many understand that the exchange is only for the regulation of prices on the cryptocurrency exchange.
centralized exchanges should not be trusted. it is important to understand that they do absolutely everything for their own purposes but not for users
We can say that they manage exchange as they wish. Because keeping private keys or freezing money does not mean that they are trustless. These rules are notified when you register. Also, if these rules do not satisfy you, try the appropriate one.

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bestiya
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March 15, 2019, 10:17:22 PM
 #112

Is not to say that some kind of crypto exchange is better or worse. Each of them was created to solve their problems. If you are worried about the safety of your personal data and anonymity - trade on decentralized exchanges. In any case, before trading on any crypto exchange, read the news and customer reviews about it.
marilynmanson21
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March 15, 2019, 10:26:19 PM
 #113

I prefer centralized exchange rather than decentralize exchange, because decentralized has low liquidity in my opinion, just like IDEX.
But yeah i know that it has it's own advantages, i choose centralized exchange because it's secure, and I also use it as my own wallet.

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Gabali126
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March 15, 2019, 10:50:57 PM
 #114

Both have their advantages and disadvantages. Decentralized exchange is mainly good when you don't want a trace to your wealth or trading activities. But it is sometimes difficult to work with and has fewer orders.

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March 15, 2019, 11:06:18 PM
 #115

Centralized exchanges have a very strange feature to communicate with each other and regulate prices in the market. I think that many people already understand this process and many understand that the exchange is only for the regulation of prices on the cryptocurrency exchange.
centralized exchanges should not be trusted. it is important to understand that they do absolutely everything for their own purposes but not for users
quadriqacx has become the real proof about how bad it is, centralized exchange site was controlling anything and they never think about the users. But binance is a little bit better than any other centralized exchange site outta here.

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March 15, 2019, 11:12:58 PM
 #116

For me, decentralized exchanges is better, it gives me the idea or sense that I am in control of whatever am doing on the exchange, rather than a centralized exchange that will place a withdrawal or set conditions unfavourable to a certian few
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March 15, 2019, 11:59:12 PM
 #117

I prefer secured and established exchanges over hyped exchanges. There are so many exchanges manipulating their volume to attract more traders and that's not beneficial for us users. Only one thing is worse, it's if the exchange is scam and stole peoples money. Or unsecure exchanges not caring about security because also security causes costs.

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March 16, 2019, 12:04:32 AM
 #118

From my own experience, decentralized exchanges are better. This is because, there are no many rules, just trade withdraw etc. But same can't be said about centralized exchanges.

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March 16, 2019, 01:21:30 AM
 #119

I prefer decentralized because the system is very easy, does not require registration does not require a third person and most importantly does not need KYC, just waiting for time I think many people will move to the decentralized exchange because of some of the conveniences that I just mentioned

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March 16, 2019, 09:45:29 PM
 #120

I think the first real DEX which will attracked volume and will have a great UI will be NASH.IO

Just take a minute to look at the co founder Fabio about why this is a real DEX also opensourcing sdk and api to developers best thing I saw in a long time, and yes I get the same feeling as I did in 2012 when first learning about Bitcoin...  Wink

https://youtu.be/Lz5g1VG5xAs

#trustyourselves do your own research!!!

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