Decentralized and centralized Exchanges

[fosco333]

Although I have been in this Cryptocurrency space for quite sometime now but I cannot tell without mincing words the difference between decentralized and centralized Exchanges.
Can anyone help out please.
What's the difference between the Decentralized and centralized Exchanges ?
Thanks

Centralized exchange means you need to create an account in exchange website.
Decentralized exchange won't need to create account. As long as you have wallet, you can trade using your wallet as exchange login.

[1714863262]

1714863262

[South Park]

Well I think everyone had mentioned the thing you should know. So now if you're thinking which is better to use, decentralized or centralized?

A lot of pros and cons when using these two. But personally, I'm torn with these as when you want a full security you'll go to centralized but with the privacy you definitely wanting to use dex. Hope one day these two features won't contradict to each other, rather to be use in an exchange site.

Right now the biggest issue with decentralized exchanges is the lack of volume, even popular trading pairs have almost no volume so if you are looking to exchange any amount of money that could be considered important then you will have problems exchanging your coins without moving the price in that exchange, however there is no doubt in my mind that decentralized exchanges are the future since we keep seeing hacks to centralized exchanges despite all the money they invest to secure the coins of their clients.

[sheenshane]

Right now the biggest issue with decentralized exchanges is the lack of volume,
snip-

That's the reason why people wanted on a centralized exchange or those who required personal data before you've used in trading, aside from that decentralized exchanges most likely didn't support on banks account. Decentralized exchange means there is no one who regulates the exchange and you are free to do anything with anonymous identity. In short, you will have more security and freedom in your exchange experience. In centralized exchange, you have to follow a lot of rules (including KYC) plus some extra charges may apply on each of your transactions.

[levyashin]

Right now the biggest issue with decentralized exchanges is the lack of volume,
snip-

That's the reason why people wanted on a centralized exchange or those who required personal data before you've used in trading, aside from that decentralized exchanges most likely didn't support on banks account. Decentralized exchange means there is no one who regulates the exchange and you are free to do anything with anonymous identity. In short, you will have more security and freedom in your exchange experience. In centralized exchange, you have to follow a lot of rules (including KYC) plus some extra charges may apply on each of your transactions.

Yes, using forkdelta, bancor or idex (haf decentralized) is way better than using even binance. But in decentralized exchanges, you can crash markets just with a couple of hundred dollars, while centralized can't crash with thousands. Also, decentralized exchanges can't process trade orders as centralized ones do.

[SistaFista]

Although I have been in this Cryptocurrency space for quite sometime now but I cannot tell without mincing words the difference between decentralized and centralized Exchanges.
Can anyone help out please.
What's the difference between the Decentralized and centralized Exchanges ?
Thanks

The difference about centralized and decentralized exchange is the deposit address.
In centralized exchange, you will need to deposit your coin to the unique address provided by the exchange.
But in decentralized exchange, we deposit our token to one same address, for example in idex, you can see the idex ETH address holds many tokens.