Decentralized vs centralized cryptocurrency exchanges, which one is better?

[D1jay]

The launch of Binance DEX can take place in April

The launch of the main network of the Binance DEX decentralized exchange can take place as early as this month. This was announced by CEO Binance Changphen Zhao during his speech at the Deconomy conference.

He also added that the next cryptocurrency exchange will be launched in April with the support of Fiat Binance Singapore, the beta testing of which began last fall.

if Binance lunch their Dex, then i will probably start using one again with the hope that there ui will be alot better than the rest of the dex we have around, i have only trade on idex and was not too complicated but most dex just makes trading or normal buying appear to be difficult because of their look and design, i always feel comfortable transacting on centralized exchange so i will be looking forward to binance dex and what it has to offer.

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[WatchMaker]

For me, I think centralized exchanges are cheaper, better and more safer compared to decentralized ones. Centralized exchanges are the ones that normally have a strong team of managerial staffs, a good security team that upgrades and monitor the exchange servers and system applications, while decentralized exchanges has fewer staffs, most of them works remotely with very few coins to trade.   

[Dennicex]

For me, I think centralized exchanges are cheaper, better and more safer compared to decentralized ones. Centralized exchanges are the ones that normally have a strong team of managerial staffs, a good security team that upgrades and monitor the exchange servers and system applications, while decentralized exchanges has fewer staffs, most of them works remotely with very few coins to trade.   

Centralized exchange is faster and more convenient but not safer. Only decentralized exchanges can provide users with a guarantee of the safety of funds being exchanged.

[CryptoCoinArbitrage]

Crypto is about decentralization and the classical exchanges are centralized and hold your private keys and
practically they are owning your funds like banks do. On the other side decentralized exchanges are not used as they are still not user friendly and not trusted as there is no customer service there who to complain if something goes wrong.

 

[Kang Bahar]

Between both, of course, DEX is better than the CEX.
- We can trade anonymously without having to go through the KYC procedures such as centralized exchange like Bittrex, Indodax, etc.
- And we can buy and sell coins or tokens without a minimum amount.

[VAGR]

Between both, of course, DEX is better than the CEX.
- We can trade anonymously without having to go through the KYC procedures such as centralized exchange like Bittrex, Indodax, etc.
- And we can buy and sell coins or tokens without a minimum amount.

I also support the opinion that decentralized exchanges are closer in spirit to a cryptocurrency society. Any attempts to limit and control interfere with a free society.

[laredo7mm]

Now centralized exchanges remain an option even though it is actually better decentralized, but it really depends on the people who choose it, the risk is also great in the exchange

[TastyChillySauce00]

Now centralized exchanges remain an option even though it is actually better decentralized, but it really depends on the people who choose it, the risk is also great in the exchange

The centralized is still a prioritized exchanges for many because it's more convenient when it comes to speed, functionality and simplicity although decentralized exchange is more secure, people still think that they are only saving their money in centralized exchange for temporary anyway.

[Yasya]

COINBASE EXCHANGE HAS INSURED ITS OWN CRITICAL CARDS FOR HACKING

Representatives of the Coinbase cryptocurrency exchange said that the company has an agreement with an insurance broker covering the theft of cryptocurrencies from hot wallets in the amount of $ 255 million.

Coinbase vice-president said that insurance services for hot wallets are much more expensive since the likelihood of hacking such stores is much higher.

[Yasya]

The launch of Binance DEX can take place in April

The launch of the main network of the Binance DEX decentralized exchange can take place as early as this month. This was announced by CEO Binance Changphen Zhao during his speech at the Deconomy conference.

He also added that the next cryptocurrency exchange will be launched in April with the support of Fiat Binance Singapore, the beta testing of which began last fall.

if Binance lunch their Dex, then i will probably start using one again with the hope that there ui will be alot better than the rest of the dex we have around, i have only trade on idex and was not too complicated but most dex just makes trading or normal buying appear to be difficult because of their look and design, i always feel comfortable transacting on centralized exchange so i will be looking forward to binance dex and what it has to offer.

You can read an interesting topic about Binance DEX here https://bitcointalk.org/index.php?topic=5112978.0

[trudovik]

These are very controversial concepts, because lately many people have already started asking themselves a reasonable question, what is decentralization and how does it work today, for example, in BTC.

[cribusen]

It always depends on you and your preferences. If you would like to have an exchange with the biggest amount of trading pairs and volume, you are welcome to use centralised exchanges, if you prefer anonymity, decentralised exchanges are best for you.

[crenfrosck]

I am in favour of decentralized. At this point, anonymity is what I demand from those companies: and only decentralized ones, basically ”not owned” are those which can fulfill my desires. Filling orders and minding my own business without any intervention from the government: that's what I like ! On the other hand, institutional investors have no other possibility than centralized and licensed exchanges, so they play their role as well. It stands on your own goals: do I want privacy or probably less risky and more non-tech friendly environment? That is up to you.

[marks1976]

These are very controversial concepts, because lately many people have already started asking themselves a reasonable question, what is decentralization and how does it work today, for example, in BTC.

Not so many exchange sites are truly decentralized exchange site. I should remind you there was a lot of dex are not having a good system and it can make the funds become centralized too. BTC in the different case if you are tried to create a comparison with it

[Frequency]

I am very excited...I'm starting BETA testing 14April of the NASH.io fintech platform which includes a DEX and many many more future crypto fintech products.

They claim the UI/UX speed of a CEX build in a DEX, so lets see if the team (CoZ NEO) can provide the first real DEX as they promised.

Also they will be the FIRST DEX with fiat on-off ramps and the First DEX with BTC pairs end of this year,

Very important for me is they are embracing regulatory compliance so not on some vage tax-avoiding Island like most CEX including Binance to avoid laws. For example their NEX token is a registered STO in Europe and they already have money transmitter licenses in most US states.
With this regulatory path they could take a whole new fintech sector including stockmarkets ect.ect.

Last but not least if your knowledge goes furter then just reading and talking .. for our Devs they will provide open source SDK packages and API´s for developers to interact with their matching engine and gain more volume and liquidity giving high volume traders eccess to their new build protocols.  #trustyourselves #DoYourOwnResearch

[Dennicex]

I vote for decentralized exchanges with both hands. It seems to me that they are safer and more honest. I do not see anything inconvenient to use the DEX. They are slow, but if you are not a professional trader, but simply want to buy or sell a coin, then this is not a problem. I literally yesterday bought a Sound Money Coin coin on ForkDelta - everything is convenient and simple. No KYC, no expectations and experiences.

[Yasya]

COINPULSE CRYPTOCURRENCY EXCHANGE STOPS TRADE OPERATIONS FOR AN UNCERTAIN TIME

Panamanian cryptocurrency exchange called CoinPulse announced the suspension of trading for an indefinite period due to problems with liquidity.

Users will be able to withdraw their assets from the site until February 7.

At the moment, CoinPulse management is looking for investors who want to buy an exchange.

[masterrex]

I think im still choose the centralized exchange, Because in terms of volume decentralized exchange (DEX) is cannot compete with the centralized one,  i want to used DEX but the hindrance is the volume its very important for traders in order to gain more profit. DEX must innovate more to catch up the Centralized Exchange.

[JayCue]

I prefer to use decentralized exchanges because of the anonymity that they give to their users. You don't have to worry if somebody is stalking on you because your transactions are fully anonymous. That's the very first feature that centralized exchanges can't give to their users.

[Yasya]

In the test Binance Chain passed hard fork

Binance cryptocurrency exchange announced the successful completion of the hard fork in the test network of its blockchain Binance Chain.

The changes compared to the previous version include the update of the key components of the Tendermint consensus mechanism, the optimization of the validator's workflow management and the performance improvements.

Recently, CZ reported that the main network Binance DEX can be launched before the end of this month.