Why DEX (Decentralized Exchange) still unpopular?

[damberg]

The true show time of decentralized exchanges is yet to come. Centralized exchanges serve a bit different purpose than DEXs. I personally have high hopes in IDEX and their dev team.

[automaticmoney]

Dex platforms need more volume they are expanding  so in due time they will get back good number of users and decent trading volume so we should give time for Dex to get popularize

[tins]

Not sure that Binance DEX can be better security than Binance. And also I see what users need most is a large volume exchange with lots of coins so they can be easily invested

[lobat999]

I think one of the reasons why DEX's are still unpopular today is that is has suffered from the ill effects brought out by too much competition. The fact that many DEX's have surfaced in a short period of time only resulted for them to have low volume and low activity, which most of them has also low price for their listed tokens as compared to centralized exchanges. I also think this is  is one of the reasons why most traders would often prefer centralized exchanges over DEX's.

[cribusen]

In my opinion, decentralised exchanges are much better and bringing the security of your funds on the whole new level. The only problem is the lack of major coins, because every DEX is combined with a specific altcoin.

[waynechong1995]

I believe volume is the biggest factor, on top of the many shortcoming on DEX that resulted from being a decentralised application doesn't actually matter for me, I don't need promotions, IEO, supports, a comprehensive UI with necessary functions is more than enough. Waves dex is really good except it have too many useless assets and limited volume.

[Zidan Bst]

Maybe Centralized Exchange is more user friendly to use it.
Then,sometimes the price of coin in the decentralize exchange is very bad than on the centralized exchange.

[Flux0z]

Hi all traders!
Why you always using Centralized Exchange to trade Decentralized Asset?
Too many 'hacked' news or maybe "hacked by internal" at 2019, Cryptopia, Binance, Huobi, Etc.

Why traders still using Centralized Exchange?


Centralized Exchange

+ Huge Volume
+ Fast CS Response

- Less security
- Not your keys, not your coins
- Paid to list


Binance has launch Binance DEX but still have low volume and pair only for BNB (not BTC)

Because actually the traders does not care about the decentralize application, they just think about the price of cryptocurrencies and how they can get money in cryptocurrencies fast, even some of people don't know about the benefits of decentralize application dapps on trading cryptocurrencies.

binance dex will changes everything about decentralized market.its volume growth smoothly and if many projects migrate in bnb chain , centralized exchanges with low volume will replaced.

The Binance DEX is not a true DEX sadly. Sorry to burst your bubble. It's operated by 20 nodes ALL contolled by Binance themselves. You call that decentralized? 

Binance just wants to be first, since they have a HUGE advantage since their user base is SO huge.

There are other options out there if you want to use a REAL DEX, that is 100% decentralized, and not controlled by anybody. BlockNET, and I believe Bitshares is working on a great solution as far as I know.

The DEX that I look forward to the most and with several reasons is the Stakenet DEX though. Reason is, they will have lightning transactions on top of the DEX. (And if you're a huge fan of tech like I am, it's a no brainer). With lightning transactions, and a DEX run entirely by masternodes who HOSTS the blockchains, the DEX will be as fast to use as any centralized solution out there.

The biggest issue currently is liquidity. That's the MAIN reason people stay far away from any decentralized solutions. Well, if you look at Stakenets DEX Aggregator, they want to combine multiple DEX's into one, which adds a ton of liquidity.
Their DEX hasn't been launched yet, so for my trades I currently play around with the BlockNET DEX. 

[Genkotsu]

Hi all traders!
Why you always using Centralized Exchange to trade Decentralized Asset?
Too many 'hacked' news or maybe "hacked by internal" at 2019, Cryptopia, Binance, Huobi, Etc.

Why traders still using Centralized Exchange?


Centralized Exchange

+ Huge Volume
+ Fast CS Response

- Less security
- Not your keys, not your coins
- Paid to list


Binance has launch Binance DEX but still have low volume and pair only for BNB (not BTC)

Because actually the traders does not care about the decentralize application, they just think about the price of cryptocurrencies and how they can get money in cryptocurrencies fast, even some of people don't know about the benefits of decentralize application dapps on trading cryptocurrencies.

You right, trader is never think if that is centralized or decentralized exchange, they all just need to see a high volume trading every day.
If Binance DEX have a high volume trading, i promise if that DEX exchange will on top like Binance Centralized.

[indrakusumaindra]

Hi all traders!
Why you always using Centralized Exchange to trade Decentralized Asset?
Too many 'hacked' news or maybe "hacked by internal" at 2019, Cryptopia, Binance, Huobi, Etc.

Why traders still using Centralized Exchange?


Centralized Exchange

+ Huge Volume
+ Fast CS Response

- Less security
- Not your keys, not your coins
- Paid to list


Binance has launch Binance DEX but still have low volume and pair only for BNB (not BTC)

Well i believe people are still feel centralized exchange are suitable and good enough as long as its safe and couldnt be hacked. I do also think people still afraid to login with their own private key and many of them dont understand how decentralized exchange works.

[novy]

Hi all traders!
Why you always using Centralized Exchange to trade Decentralized Asset?
Too many 'hacked' news or maybe "hacked by internal" at 2019, Cryptopia, Binance, Huobi, Etc.

Why traders still using Centralized Exchange?


Centralized Exchange

+ Huge Volume
+ Fast CS Response

- Less security
- Not your keys, not your coins
- Paid to list


Binance has launch Binance DEX but still have low volume and pair only for BNB (not BTC)

Well i believe people are still feel centralized exchange are suitable and good enough as long as its safe and couldnt be hacked. I do also think people still afraid to login with their own private key and many of them dont understand how decentralized exchange works.

You are totally right, after some hacks of the myetherwallet which is based on blockchain people believes the decentralised services, we need more time for adoption.

[joshy23]

I think one of the reasons why DEX's are still unpopular today is that is has suffered from the ill effects brought out by too much competition. The fact that many DEX's have surfaced in a short period of time only resulted for them to have low volume and low activity, which most of them has also low price for their listed tokens as compared to centralized exchanges. I also think this is  is one of the reasons why most traders would often prefer centralized exchanges over DEX's.

Competitions and popularity, most dex still not getting supports where centralized exchange already caters, traders still using centralized
since volumes and daily activities is more active inside known exchange, unlike dex where mostly new projects are being available.

[bittick]

Maybe Centralized Exchange is more user friendly to use it.
Then,sometimes the price of coin in the decentralize exchange is very bad than on the centralized exchange.

Well centralized exchange is more friendly because there exist the customer support whereas most of DEX runs autonomously and usually the support comes from the community itself, but when people get used to the mechanism there's basically no different to centralized exchange in term of conveniences.

[madfox11]

As I know in order to identify the user binance DEX looks up the user's IP address and uses cookies, so on this basis binance can decide whether the user can trade on the exchange or not. What kind of decentralization are you talking about?

[ashmodeus]

Hi all traders!
Why you always using Centralized Exchange to trade Decentralized Asset?
Too many 'hacked' news or maybe "hacked by internal" at 2019, Cryptopia, Binance, Huobi, Etc.

Why traders still using Centralized Exchange?


Centralized Exchange

+ Huge Volume
+ Fast CS Response

- Less security
- Not your keys, not your coins
- Paid to list


Binance has launch Binance DEX but still have low volume and pair only for BNB (not BTC)

because its more safety and profit.
i guess u really understand about it.
about why pair always only on BNB its normal since we know they launched their dex on their blockchain self.
i just think it will be hard to input btc on their DEX system.

[lohladex]

A very brilliant topic! To me seems most people never understand the relevance of Decentralized Exchange in Crypto trading . Its quite odd trading decentralized digital assets in a centralized exchange . I believe Decentralize exchangers will take total control in the future. There are some better Projects working towards developing better decentralized exchange which i feel will be of great advantage in Crypto industry.  Saturn Black decentralized exchange is very promising though they never launched their platform but the feature of this platform is fantastic. Volentix as well willing to offer a super Decentralized Exchange . I believe in future Decentralized exchangers will take control.

[omone1]

I now majorly use decentralized exchange but I hate Forkdelta, as executed orders are not immediately cleared like cleared like centralized exchange and Idex, thereby giving a false hope. I love decentralized, I control my key and no one tells me when to withdraw my money.

[Zidan Bst]

Well centralized exchange is more friendly because there exist the customer support whereas most of DEX runs autonomously and usually the support comes from the community itself, but when people get used to the mechanism there's basically no different to centralized exchange in term of conveniences.

Thats the point, centralized exchange has customer support.
Whereas, decentralized exchange has not it.So, the trader will comfortable when he face the problem on the exchange, customer support will help them.

[sana54210]

Because Centralized Exchange is more easy to use than decentralized exchange,IMO.
Then, centralized exchange is more trusted for trading.

If centralized exchange was the best, why is Binance still coming up with their own DEX exchange, that is if it will really be proven to be DEX exchange because I do not trust any platform coming from the know people to be fully a decentralize one as they claim.Anything that relies on third party control cannot be fully relied on, though people will have someone to hold responsible in the case where something goes wrong.

Centralized exchanges has so many problems that only DEX will appear to solve it, and one of the greatest advantage of DEX is that it is much more safe from hacking, which is the main edge it has over centralized ones.

[weidex]

I now majorly use decentralized exchange but I hate Forkdelta, as executed orders are not immediately cleared like a centralized exchange and Idex, thereby giving false hope. I love decentralized, I control my key and no one tells me when to withdraw my money.

You can check out our DEX - weiDex Exchange )