After Binance have been compromised.

[Zadicar]

And now what is your opinion about decentralized exchanges after this event? I think people will finally consider the DEXes more seriously. 

Nope! They wont still consider or do fully switch up with Dex's inspite of the hack or compromised of one of the best exchangers as of this day they wont still switch fully.
Good thing that Binance do still able to handle the situation but i really doubt that confidence even on the best current exchange would be lessen which is normal.Even I, do already have that kind
of doubts but still if you do just stick with the primary rule on never ever store your funds on exchange wallets then you shouldnt worry too much with these scenarios.

[btccrusher]

It was shocking to me, I had a deep respect for Binance about security. But they failed to keep it deserving. Not sure how their DEX could be secure, but we never should hold funds in an exchange wallet. This is another warning for people who prefer online wallets. Don't take risk of your valuable assets. I still support binance, stay safe.

[rijaljun]

And now what is your opinion about decentralized exchanges after this event? I think people will finally consider the DEXes more seriously. 

Decentralized exchange would be great but there is a possibility for creator to wrongly write a contract (only a little possibility). The bigger problem is to exchange coins cross-chain, it's gonna be hard to trade Bitcoin with other cryptocurrency though as they are in different blockchain.

[kickdapa]

People love to talk about decentralized exchanges but they are not curious to trade there. Because whenever a decentralized exchange comes, they always have low volume than centralized! Within 5 months, we have seen how centralized exchange like cryptopia, bithumb, binance, dragonex got hacked! And, the decentralized exchange has lack of hack fear. I really hope to see everyone starts trading in Dex than Cex!

[kickdapa]

And now what is your opinion about decentralized exchanges after this event? I think people will finally consider the DEXes more seriously. 

Decentralized exchange would be great but there is a possibility for creator to wrongly write a contract (only a little possibility). The bigger problem is to exchange coins cross-chain, it's gonna be hard to trade Bitcoin with other cryptocurrency though as they are in different blockchain.

We can't ignore the centralized exchange but at least people should trade altcoins in decentralized exchanges, it is a lot safer than centralized, isn't it? Decentralized exchanges should have bigger volume than now. Binance CEO said big exchange wallets are safer than hardware wallet, so store your coins there. What now? But still people don't bother, we always support centralized exchanges over DEX!

[Raymondavid47]

All this hacks are major threats in the crypto world and we need to attend to it urgently. It's now certain that's its not safe to store your funds on a centralised exchange. Individuals needs to equip themselves with hardware or paper wallet to be safe. You can also store your cryptocurrencies in wallet where you have the private key.

[Oceat]

The hack at Binance is a big blow to the crypto industry since most people like myself believed that Binance exchange was secured and could not be hacked. Yeah and i also think it's high time we really look in the development of Decentralized Exchanges.

I think so since it doesn't really affect the price of Bitcoin after the incident but just wondering if the hacker could take a lot of crypto on their exchanges. What would they do to cover up those lost cryptocurrencies from their customers? If you think about decentralized exchanges they can't stand alone because it's a lot more hassle than you think especially if there's fiat involve.

[rodel caling]

And now what is your opinion about decentralized exchanges after this event? I think people will finally consider the DEXes more seriously.  

DEXes are obviously more of an ideal, but thus far decentralized exchanges either lack user-friendliness or volume. I believe scaling solutions will be a prerequisite for their success. For example, OmiseGo is working on Plasma. EtherDelta and IDEX aren't bad, but they are not good enough just yet.

Yeah I agree with you yes IDEX aren't bad and also not good enough as of now, but is good for long term hold for sure in the near future they follow to the top rating coins in the market cap.

[X-ray]

And now what is your opinion about decentralized exchanges after this event? I think people will finally consider the DEXes more seriously. 

Not sure about that because people are only moving towards another exchange site or even not. Look at the market and we can try to take a look at the daily trade volume because it has represented the volume and demand. It looks like there was on a lot of increase in the demand of DEX . that means if people are not considering it as alternative way to trade.
People are still putting their focus on centralized exchange site.

[pixie85]

The hack at Binance is a big blow to the crypto industry since most people like myself believed that Binance exchange was secured and could not be hacked. Yeah and i also think it's high time we really look in the development of Decentralized Exchanges.

It's not a big blow and the price is showing it by going up instead of down. It's a big blow to Binance but crypto remains unaffected. There's a chance the money is lost and there was no hack but an attempt to move the coins to a segwit address. If this is true Bitcoin became even more scarce and more valuable.

Decentralized exchanges aren't popular yet but they will be. The risk is too high and even the biggest exchanges can be hacked there's no safe way to exchange if this includes giving away your keys.

[SistaFista]

And now what is your opinion about decentralized exchanges after this event? I think people will finally consider the DEXes more seriously. 

I think Decentralized exchange won't guarantee that your coin will be safe if you using it.
Phishing in DEX website is still possible to happening, so both centralized and decentralized exchange still not safe 100%.
Binance hack case is the worst hacking case in this year i guess.

[alan2here]

All this hacks are major threats in the crypto world and we need to attend to it urgently. It's now certain that's its not safe to store your funds on a centralised exchange. Individuals needs to equip themselves with hardware or paper wallet to be safe. You can also store your cryptocurrencies in wallet where you have the private key.

This is the biggest attack this year and Binance is too subjective in security. I believe that after this case is over, Binance will have more security processes and we will be safer in this market. Now the deposit and withdrawal in Binance is postponed but it will be back soon in the next week so don't worry too much because Binance has a great support policy for everyone.

[thorRJ]

All this hacks are major threats in the crypto world and we need to attend to it urgently. It's now certain that's its not safe to store your funds on a centralised exchange. Individuals needs to equip themselves with hardware or paper wallet to be safe. You can also store your cryptocurrencies in wallet where you have the private key.

This is the biggest attack this year and Binance is too subjective in security. I believe that after this case is over, Binance will have more security processes and we will be safer in this market. Now the deposit and withdrawal in Binance is postponed but it will be back soon in the next week so don't worry too much because Binance has a great support policy for everyone.

It is no use for binance or another exchange to invest heavily in security, if the weakest link in the "user" process does not perform good practices for any kind of access.

The user should pay more attention to what he is accessing, keep his assets safe with anti virus and other means of protection and even with these and other protections can be at risk of attacks.

[Melo20]

But the fact that Binance can afford to take a mulligan doesn’t excuse what appears to be a devastatingly thorough hack. And it’s unclear whether the compromise of two-factor codes and API keys will have broader implications. Most of all, it’s the latest reminder that, for all the promise of cryptocurrency, it remains a Wild West for investors. If the price fluctuations don’t get you, a hacker, a fraud, or a scam is always just around the corner

[Fammosh82]

Binance traders generally will also be affected, both because they won’t be able to deposit or withdraw their digital money and because, the uncertainty of who exactly is participating in those markets could lead to some mayhem. “Hackers may still control certain user accounts and may use those to influence prices in the meantime,

[103deltafox]

Interms of security DEX are the best but when you talk about liquidity and trading volume centralised exchange are still the best. I think i will stick with centralized exchange till decentralized exchange increases in liquidity

[erikalui]

Both CEX and DEX have proved equally bad. Exchanges like Etherdelta have been hacked and after Binance, I don't think any exchange can manage to stay safe. Even an exchange like Coinbase is not safe as many users have claimed their accounts have been hacked. Even my country's local exchange has been hacked and because bitcoin transactions cannot be traced, it's not possible to track down the hacker. Has any of the hackers of these exchanges been found? The answer is No and they probably would never be found. 

[Labumi]

Interms of security DEX are the best but when you talk about liquidity and trading volume centralised exchange are still the best. I think i will stick with centralized exchange till decentralized exchange increases in liquidity

I think you should be able to find a place of exchange that has very high security and has a very high trading volume so that your trading can be more secure and comfortable, because if you trade in a quiet exchange place that will make your assets not grow.

[Callanta787]

DEXs are temporarily useless and not useful as there isn't a single volume available so for now its plain useless maybe in the near future we might actually see new changes

[puremage111]

https://www.blockchain.com/btc/tree/444776063

Well check this out
The coins is not able to move at least in this short period
But i believe the coins will eventually flow out when people are not taking notice of it

It did affect the market as binance is one of the top tier exchange and such incident happens create a bad impression for crypto market