Why DEX (Decentralized Exchange) still unpopular?

[Vaskiy]

DEX will surely make a big change over the exchange services. As of now it is just the beginning, from my understanding when Binance DEX gets launched we'll see more listings and the same will make traders move towards DEX. When it is DEX we can't question if some security breach takes place as the user himself is responsible for the funds.

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[max6575]

as trader works on decision to release with use of customs with personal strategics, more on reference as releasing parts of possession with the resource to goes as fine with limit on numbers to complete within the range of terms as the entrance on timelines.

[weidex]

DEX will surely make a big change over the exchange services. As of now it is just the beginning, from my understanding when Binance DEX gets launched we'll see more listings and the same will make traders move towards DEX. When it is DEX we can't question if some security breach takes place as the user himself is responsible for the funds.

I don't think Binance is launching a real decentralized exchange.

[motienvolam]

I don't think Binance is launching a real decentralized exchange.

I agreed with you, it is just a way CZ boosted Binance coin and the popularity of Binance in crypto world. If community ask for DEX, Binance can provide it, that is the main purpose of CZ. He want to demonstrate that Binance is very adaptable to hot trends, and demands of crypto community. Indirectly, he also want to spread the strong dedication (with continuous initiatives) to help Binance maintains its first position among crypto exchange. In my opinion, if Vitalik is a pure technical experts, Charlie Lee is a two-faced man, CZ is a very smart, flexible and adaptable CEO.

[South Park]

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.

This seems to be right, decentralized exchanges are yet to offer the functionality of a centralized exchanges and as such people are reluctant to use them, but their time will come and when a DEX finally becomes as good as a centralized exchange you will begin to see a huge amount of traders use them, this is why binance is creating their own DEX they know it is the future and they want to be there to get those profits, this shows their long term thinking and it is one reason of why it is one of the most successful exchanges in the world.

[Backupnime]

Back when Etherdelta was still the top DEX, many people who tried it find ED as ugly, slow, and complicated. I think many still have that notion even though a lot of the DEX's today have improved in terms of UI and speed.

Etherdelta is not trusted anymore, people are now migrate in Forkdelta, why most people DEX ED/FD because many failed project are tradable here and people just want throw the shittoken and trade them just for pay the fee

[llecrf]

Many Dex exchanges from each Dapp platform like ethereum and Tron but they only support tokens that are on the Dapp network of each platform, there are already many new ideas about DEX exchanges that support BTC but they still have low trading volumes such as the DX Exchange and DEEX.
Exchange is decentralized faster because all controls are in each user and I think there will be a DEX exchange that supports all Dapp platforms someday.

[Inu.Guren]

Maybe because the centralized exchange is faster than decentralized one.
I am using forkdelta as my decentralized exchange, and sometimes the order book can freezing.
For traders, it is good to using centralized exchange to trading quickly. But for the holders who want to sell or buy coin only and not trading, using DEX is good.

the speed for accessing some website are important, but for now many Dex are improve to fix and make their website faster for people.
but actually people needed from Dex is trading volume, when some Dex have big volume, people don't want make their order and pending too long in market like Dex market usually

[JuliaJi]

I dont think that DEXs unpopular! I think it will be popular more and more every day! A lot of projects and exchanges selling users data and it is big problem unfortunately

[sieemma]

The number reason, I think, is that most dexes are not user friendly.
Secondly, the requirement of one's private keys makes it difficult to trust dexes becuase in case the site is hacked, the attacker gets their private keys and access to their coins which was not even planned to be sold on that exchange.
With centralized exchanges, you only send coins that you want to sell to the exchange which makes it a better option.

[seleme]

I dont think that DEXs unpopular! I think it will be popular more and more every day! A lot of projects and exchanges selling users data and it is big problem unfortunately

The popular ones are centralized like Binance, Bittrex but there is no single reason to talk about mainstream decentralization. The anonymity offers are not popular for today's needs but it will change in a timely manner. Following the decisions of governments will not let the decentralized markets to spread.

[Zdraste16]

Decentralized exchanges will not remain without traders, many bounty hunters just need such as (Forkdelta, Etherdelta) there is an opportunity to sell tokens without waiting for them to go to the centralized exchange if this happens at all, and indeed such an option is possible.

[Emitdama]

But i like Dex. It can be manage wd well than centralized exchange. But i like cex also. For example binance, indodax from my country😁. I like all exchange. Except small or new exchange

I will still choose CEX over DEX at any time, I will prefer to use a system where I can know those who are operating the system and can hold any of them responsible if anything goes wrong with my trade, I understand that DEX exchange gives us the full freedom to trade or coins directly without the involvement of third party transaction, which is what really stands for the purpose of crypto, but if anything goes wrong in DEX, there is no one to complain to, so I will prefer CEX exchanges like Binance, which I am sure is reputable and will never scam people. The only feature I like about DEX is that it is hard to hack a DEX exchange.

[Sellman]

I will still choose CEX over DEX at any time, I will prefer to use a system where I can know those who are operating the system and can hold any of them responsible if anything goes wrong with my trade, I understand that DEX exchange gives us the full freedom to trade or coins directly without the involvement of third party transaction, which is what really stands for the purpose of crypto, but if anything goes wrong in DEX, there is no one to complain to, so I will prefer CEX exchanges like Binance, which I am sure is reputable and will never scam people. The only feature I like about DEX is that it is hard to hack a DEX exchange.

It is clearly that centralized exchanges (un-scam ones, of course) provide better supports for customers than decentralized exchanges. And, if something bad occurs, scam exits for example, there are chances to see some serious legal activities from local authorities to help customers to get their funds (part of their funds) back. For decentralized exchanges, chances get funds back are so small, very small. However, naturally we always need competitors to build up stronger and healthier crypto market.

[Backupnime]

I will still choose CEX over DEX at any time, I will prefer to use a system where I can know those who are operating the system and can hold any of them responsible if anything goes wrong with my trade, I understand that DEX exchange gives us the full freedom to trade or coins directly without the involvement of third party transaction, which is what really stands for the purpose of crypto, but if anything goes wrong in DEX, there is no one to complain to, so I will prefer CEX exchanges like Binance, which I am sure is reputable and will never scam people. The only feature I like about DEX is that it is hard to hack a DEX exchange.

by using CEX of course we can save more time when we want trying to trade because in Centralized exchange waiting for make transaction in market is not longer than we use DEX, because in CEX volume trade is to high than DEX, and for myself i'm still prefer to used CEX

[pishite]

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)

For me personally, it is more convenient to use decentralized exchanges, as there is a convenient interface and a lot of shopping pairs, but I am storing funds on my wallet, not on the exchange.

[cabron]

Its mostly about the volume that we want. There is less in DEX, you can't dump all the  altcoins you have if the  only buy orders are worth just 2 ETH while you have about 25ETH worth of altcoins. Liquidity is always an issue in the new centralize exchange. For traders, they know where to put their money on and if DEX doesn't pair tokens/coins to BTC, it will have less volume no matter what.

[kevpantof]

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.

With the whole customer support services centralized exchange provides, is it all of them that do respond to all issues, I have seen many people complain how these people treat them and ignore their messages when they send any, there are some people that has had issues unresolved for months, which few exchanges that are reputable are the ones giving attention to their customers, so why should one really be crazy over this, the only issue most people do have is either their money get hung over the air, or they get hacked which I think you may not have any of these issues in a DEX exchange, CEX might be popular now, but DEX is really the best.

[Mikcik]

Simply because DEX is still not popular because it is not focused on companies and organizations. Since they cannot earn a lot of centralized exchange, currently only Binance is giving new ideas to make DEX (their) will have large volumes and users in the future.

[chriseasan]

Everything can be hacked, even decentralised exchanges. The only one that really cares about the security of their users are guys from IDEX exchange, because the launched a POS mechanism to bring the security on the next level.