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Author Topic: Decentralized vs centralized cryptocurrency exchanges, which one is better?  (Read 849 times)
Cellerex
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March 28, 2019, 05:49:19 PM
 #141

I think it's hard to say which kind of exchanges is better. For decentralized exchanges, a plus is their reliability and security, and for centralized exchanges, a plus is speed and convenience. I think that in the future a direct exchange of cryptocurrencies will be made through the gateway, and not through exchanges as it is now. But it will not be soon. In the meantime, I advise everyone not to waste time and invest in promising coins such as Tera Smart Money or Sound Money Coin!
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March 28, 2019, 06:02:24 PM
 #142

I personally prefer centralised exchanges, they are very easy to use and although I am a blockchain enthusiast and love everything built on blockchain, I tend to dislike decentralised exchanges, trading on centralised exchanges is very fast and fees are very low.
I do prefer decentralising exchange because you have the control of your passkey and that is what is most important in blockchain technology and decentralized system compared to the third party system and the centralized exchange.  However,  because of the ways majority of the centralized exchanges like : poloniex,  bittrex, binance, cryptopia and hitbtc has performed we tent to like centralized exchanges more than the decentralising one.  In centralized exchanges our fund is not safe and it can be easily been manipulated but decentralized one help in safeguard our funds.
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March 28, 2019, 06:28:15 PM
 #143

For now, centralized exchange is better because of the issues of volume and interoperability. If decentralized exchange cab solved those two issues then centralized exchange will lose value because many will prefer an exchange platform that they have full control over their activities and funds.

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March 28, 2019, 07:47:35 PM
 #144

The classic crypto market should be decentralized, but this is dangerous for the global predictor and the global financial system, so we see KYC in almost every exchange.
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March 28, 2019, 07:52:56 PM
 #145

Vitalik Buterin said that centralized exchanges will die in hell, I have same opinion about that, many hacked centralized exchanges caused a lot of problems in crypto industry plus these problems were spread around the whole world thanks to mass media (that means that people are afraid of having cryptocurrencies).

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March 29, 2019, 12:20:03 PM
 #146

Everex cryptocurrency per day increased by 258%

The capitalization of the coin exceeded $ 24 million, it took 146 place in the ranking of the largest in this indicator of digital money

For 1 day, the average market price of the Everex (EVX) token has risen by 258.21%, now it is $ 1.08. The coin began to grow after the project developers in their twitter account announced that they received permission from US regulators to perform domestic and international cryptocurrency transactions.
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March 29, 2019, 12:22:06 PM
 #147

If you are a trader with big amount of crypto, you won't need a decentralised exchange because the trading volumes are really low, the only one that can provide such a trading volume is IDEX, but only ERC-20 tokens are listed there.
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March 29, 2019, 11:02:43 PM
 #148

I would like to say DEX-es are better but in reality they are not user friendly and with low liquidity. Hopefully it
will change in the future and DEX-es will be more used with better user experience.

bakermaker123
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March 31, 2019, 03:42:05 PM
 #149

Both DEX and Centralized exchanges are fine for me as long as the transaction fee of it is low. I just want to trade my token and in trading, I always minimized every cost that I take. That's why I loved this exchanged on my signature , you should check it sometimes. (Cat Exchange)

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March 31, 2019, 03:50:40 PM
 #150

Idex is one of my best exchanges. I like decentralized exchanges because its safe. I am privy to my private keys and its teach to transaction on unlike the centralized exchanges that charge as much as 3 dollars for withdrawals

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March 31, 2019, 03:58:45 PM
 #151

Idex is one of my best exchanges. I like decentralized exchanges because its safe. I am privy to my private keys and its teach to transaction on unlike the centralized exchanges that charge as much as 3 dollars for withdrawals
But mostly decentralized exchange like Idex is only ethereum base/pairs only. A decentralized exchange is good but I don't know if you have a problem who will assist you there. What about a semi-decentralized exchange, like Binance. You can pass KYC if you withdraw more than the limit 2 BTC but if less than that you are exempted of KYC. Both decentralized and centralized exchange have pros and cons so you can definitely choose which better.

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April 01, 2019, 02:42:13 PM
 #152

Bithumb cryptocurrency exchange hacked for the third time

Last weekend, the South Korean cryptocurrency exchange Bithumb reported that it had been a cyber attack for the third time in the last two years. The first Bithumb hacking occurred in July 2017, and then an unknown amount of Bitcoin and Ethereum (for several million dollars) was stolen from the accounts of the exchange. The second hack occurred in the summer of 2018, and attackers kidnapped about $ 31,000,000 in cryptocurrency (mainly Ripple).

Now, representatives of the exchange reported that on Friday, March 29, 2019, anomalous activity was recorded on the company's hot wallet, moreover, insiders were suspected of facilitating this attack. The statement also emphasizes that the incident affected only the hot wallet of the exchange and the means of Bithumb itself, while the cryptocurrency of users on a cold wallet was safe. Specific amounts and any details of what happened in the official statement have not yet been disclosed, citing an investigation that has not yet been completed. Bithumb has already notified the law enforcement agencies.

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April 01, 2019, 02:46:41 PM
 #153

I do not think that there will be people who have made a choice in favor of centralized systems, although probably if this is the case, then people have something to do with these centralized exchanges.
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April 02, 2019, 01:42:11 PM
 #154

Gate.io plans to launch a decentralized exchange by the end of the year

By the end of 2019, Gate.io cryptocurrency exchange plans to distribute the internal token of GateChain’s own blockchain, as well as launch a decentralized exchange. The project roadmap is published on the official site of the platform.

With the help of the GT token, users will be able to pay transaction fees and listing on DEX, to attract investments on the Gate.io platform. Miners will receive a token as a reward.
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April 02, 2019, 03:51:13 PM
 #155

There is a big difference and those who really understand it choose decentralization. Today, decentralization can be used in many cases in addition to exchanges. I think that many already understand this.
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April 02, 2019, 03:58:55 PM
 #156

I think we need both, some of them can still be not so secured and can lost coins if someone attack them, but i like both, i used etherdela in past and Binance, i still use now Binance. There are difference between, but Binance was faster.

 
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April 02, 2019, 04:24:36 PM
 #157

Idex is one of my best exchanges. I like decentralized exchanges because its safe. I am privy to my private keys and its teach to transaction on unlike the centralized exchanges that charge as much as 3 dollars for withdrawals
But mostly decentralized exchange like Idex is only ethereum base/pairs only. A decentralized exchange is good but I don't know if you have a problem who will assist you there. What about a semi-decentralized exchange, like Binance. You can pass KYC if you withdraw more than the limit 2 BTC but if less than that you are exempted of KYC. Both decentralized and centralized exchange have pros and cons so you can definitely choose which better.
It would be for the traders where they are comfortable to deal with, since there's a lots of options around this market, there's positive and negative
opinions from each traders, it can only be conclude by the end users itself and choice which platform is the one that will let them practice and execute
there trades.

 
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April 02, 2019, 05:15:47 PM
 #158

I think centralized cryptocurrencies are not quite exactly what cryptocurrency are supposed to be. You can call me a crypto-traditionalist but I think that the main feature of crypto is anonymity, and centralized crypto with it's KYC system is refuses this feature.
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April 03, 2019, 10:55:55 AM
 #159

Huobi has updated the rules for IEO after the rapid campaign of TOR Network

The Huobi Cryptocurrency Exchange, based on user feedback, changed the rules for conducting IEO on its Huobi Prime platform.

Now users who have had a minimum of 500 HT within the previous 30 days, or a larger amount of funds during a shorter period, can take part in the campaign.

New rules for Huobi Prime will increase the number of successful transactions in the rush that accompanied the tokensale.

The next IEO is scheduled for April 16th.
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April 03, 2019, 01:27:21 PM
 #160

The same can be said not only about the exchanges. Today there is a need to talk only about decentralization, because it is decentralization that is a way out of our human corruption, it is such a link that can really improve the situation.

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