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Author Topic: What do you prefer - Centralized or Decentralized Exchange?  (Read 297 times)
weidex (OP)
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April 12, 2019, 06:58:25 AM
 #21

The concept of a decentralised exchange is obviously good, and it takes away the counter party risk that traders have to deal with every time they deposit funds into an exchange. Especially in this day and age where KYC can be used as a legal reason to hold people's funds.

However, the integration of different coins and trading pairs over different platforms, especially in regards to the integration of fiat currency is still uncertain with decentralised exchanges.

Perhaps a protocol can be developed in the future that allows this to happen, but I think that people currently are still not fully comfortable with all aspects of a decentralised one yet. They instinctively still want support and fear that they won't get that with a decentralised system, and often the spreads on decentralised exchanges are just too high and there is a general lack of liquidity. I'd definitely be willing to use one in the future though, if these problems can be solved.

It is very early still and people are not ready for  pure decentralization.
We hope that in the next years, with more and more education and different blockchain tools,
everyone will start using DApps seamlessly, like the way people started using internet applications.
ethereumhunter
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April 12, 2019, 01:50:32 PM
 #22

So far, I use centralized exchange, but in some time, I use decentralized exchange too. And if you have a reason to make a profit, then you should do with both centralized and decentralized exchange, but you need to choose the right exchanges. And when you already have the secure exchanges, then you can try to make a profit from various coins and don't limit yourself in one coin only because in the cryptocurrency, you have a big option to choose the right coins.

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April 13, 2019, 09:29:43 AM
 #23

In my case i mostly use dex or decentralized exchanges because im a bounty and an airdrop hunter not only on this forum but to also on other websites outside . this is why i recieve lots of tokens and altcoins . these coins are mainly listed on ed and fd that are known to be dex or decentralized exchange  .  its rare if i can find the coin on centralized exchanges like binance  but i cant deny the fact that i love using centralized exchange because they are more faster , less buggy/lag and most importantly the price of the coins have a higher sell price 
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