Centralized exchanges vs Decentralized exchanges

[wack slacker]

I still prefer to focus on trading because it is faster and more convenient. Decentralized transactions are slower and more complex.
The centralized exchanges have better business models and better trading volumes. It is liquidity for assets and I am confident that people will choose focused trading.

[voltesbit777]

DEX for me was very convenient to use and no hassle and we don't need to worry in terms of withdrawal limits compare to Centralized exchange were it needs KYC for us to increase our daily withdrawal limits. But in terms of having a great volume in the market centralized always prevails on this concepts I can't deny and no doubt about that and centralized always on top of the exchange.

[TheClownSong]

   Centralized exchanges are trading platforms that function like traditional brokerage or stock markets,
transactions are being controlled by the owners of the exchange. On centralized exchanges users do not have access to their
private keys. They are managed by one central body which makes them vulnerable to hacker attacks.

   Decentralized exchanges DEX is trading platform that operates without central authority. They are
utilizing blockchain technology. Decentralized cryptocurrency exchanges have been designed in order to protect funds from being
stolen, users have control over their funds.

   -Currently, on the cryptocurrency market, about 99% of transactions are being handled on centralized exchanges.
   -DEX have high level of privacy, transactions are anonymous.
   -Centralized exchanges have higher liquidity and higher trade volume compared with DEX.
   -Centralized exchanges allow users to exchange fiat for crypto-currency and vice versa. DEX only accepts payments
in crypto-currencies.
   

In my opinion, the centralized exchanger or decentralized exchanger is actually not an issue, as long as we keep our coins in our own wallet. If it is related to transaction volume, I think centralized exchangers are superior to Decentralized exchangers and this is good for a project because it provides large liquidity for investors.

[romero121]

   Centralized exchanges are trading platforms that function like traditional brokerage or stock markets,
transactions are being controlled by the owners of the exchange. On centralized exchanges users do not have access to their
private keys. They are managed by one central body which makes them vulnerable to hacker attacks.

   Decentralized exchanges DEX is trading platform that operates without central authority. They are
utilizing blockchain technology. Decentralized cryptocurrency exchanges have been designed in order to protect funds from being
stolen, users have control over their funds.

   -Currently, on the cryptocurrency market, about 99% of transactions are being handled on centralized exchanges.
   -DEX have high level of privacy, transactions are anonymous.
   -Centralized exchanges have higher liquidity and higher trade volume compared with DEX.
   -Centralized exchanges allow users to exchange fiat for crypto-currency and vice versa. DEX only accepts payments
in crypto-currencies.
   

In my opinion, the centralized exchanger or decentralized exchanger is actually not an issue, as long as we keep our coins in our own wallet. If it is related to transaction volume, I think centralized exchangers are superior to Decentralized exchangers and this is good for a project because it provides large liquidity for investors.

Whether the exchange is centralized or decentralized doesn't matter when you keep your holdings into your own wallet is a right thing, but trade can't be executed within minutes if you've opened a buy or sell order for a specific price. This could happen in a short or takes time. As of now for liquidity, trade support and for various other security reasons I prefer centralized exchange.

Even with decentralized exchange errors will occur which will cause funds to get frozen. Nothing can be done until the error gets rectified. With centralized exchange, it is taken responsible by the exchange authority for the funds. Think of the hack that took place with Binance, it took responsibility for the funds and gave from its reserve to the users.

[confreslamp]

Decentralised exchanges are better for people that are trying to stay anonymous and do not want to share their rights for funds, but this trend is actually dying off, because IDEX requires KYC right now, so I do not see any reason to trade on decentralised exchanges anymore.

[SirLancelot]

decentralized exchanges are safe tan centralized but decentralized exchanges has less options, also centralized exchanges more fast in orders

That is basically what is still given the centralized exchanges upper hands in the market, because if you look at it, we are actually supposed to be operating fully under a decentralized exchange, but ever since the introduction of Centralized exchanges, people has been more keen about them because Centralized exchanges have seen the lapse of DEX exchanges and that is what they built on to gain the attention of traders and investors, but things can still turnaround.

We already have new DEX exchanges that are being developed right now, such as OKEX I think and Binance, and I am sure that they will all look into these lapses too and fix it in their own DEX exchange. I believe that one say, DEX will become more popular than CEX. For Binance to ave also considered DEX, it shows that they believe more in DEX too.

[m.rifki]

I use both. like binance dex  and binance exchange. I like trading on both types of platforms. as long as we see opportunities for profit, there is no problem whether it's centralized exchange or decentralized exchange.

[Alohadanc3]

I always like the decentralised exchange over Centralised one.  Cause in decentralised on Exchanges you don't have to give your asset to any other party. That's the best part. But we all who love decentralised Exchanges have to use centralised Exchanges to some reason. Th main reason is volume. In centralised one the volume of the most coins are very low. Also sometimes you have to pay some extra bucks cause less liquidity. The choice is also limited in some places. But overall decentralised are better for me.

[fosco333]

The centralized exchange usually faster than decentralized one, so most peoples prefer using centralized exchange.
But centralized exchange volume can be manipulated by the owner or users of the exchange with bot trading or wash trading.
Just using top exchange only for your safety, because it will be better than using other exchanges you don't know yet.

[max6575]

with different feature on offers as available option with the service of exchange trader might collects of returns on work with the arbitrage as occupying use with evaluation to put on pairs and request with closing terms on position with difference on excess.

[Fundamentals Of]

I prefer to use Decentralized Exchanges of course. But then I also have to consider the volume, availability of trading pairs, etc. I have used Decentralized Exchanges before but right now I am normally trading in centralized exchanges. Moreover, IDEX has already ceased to function as a Decentralized Exchange. It used to be my topmost DEX choice. Unfortunately, they are now asking for KYC.

[marks1976]

which is my question, why are there many people in this forum who like the DEX exchange but the highest volume of trade so far is on the CEX exchange?

it caused by they are not feeling good with the liquidity volume in dex and they need more volume and CEX is the only solution because they have no choice consider about the big dex like binance chain has only up to 10 million dollars. A lot of people like dex but the liquidity is the main problem why majority of them refuses to use dex as their exchange site to convert their value.

[Alluro]

The centralized exchanges need KYC and those exchanges have limits. The next thing is users funds are not safe in the centralized exchanges. Because users private keys own by the exchanges. I think most users like to go with decentralized exchanges that's why. The decentralized exchanges volumes are low right now. I think it will be changed in the future. Because most users will go with decentralized exchanges.

[letyouearn]

Centralized exchanges sometimes give your more opportunities to earn by creating pumps and manipulations with listed coins... But Decentralized exchanges are our future - that's a fact

[alexforneus]

DEX is a futute of the whole industry in my opinion. Crypto is designed to be decentralized

[Bezobraznike]

DEX is a futute of the whole industry in my opinion. Crypto is designed to be decentralized

   CEX dominance is more pronounced. When we can expect DEX to come closer to CEX in every term? In couple years? Or DEX
needs much more time for that?
   Many people agree that DEX is the future, we can expect big changes in the future on this field. Just it looks like DEX progress
is very slow, they still can`t attract people in the way CEX are doing that.
   Is it the lack of good marketing or something else? Why DEX is so far behind CEX, where is the problem?

[Impaler]

I always like decentralized exchange over centralized one. Cause you don't have compromise your asset to others security. But in decentralized exchange there are some problems like low volume, hard to use( harder than centralized one) , no mobile app(most of them). I liked decentralized but for this problems I have to use centralized too.

[Nekoma2018]

   Centralized exchanges are trading platforms that function like traditional brokerage or stock markets,
transactions are being controlled by the owners of the exchange. On centralized exchanges users do not have access to their
private keys. They are managed by one central body which makes them vulnerable to hacker attacks.

   Decentralized exchanges DEX is trading platform that operates without central authority. They are
utilizing blockchain technology. Decentralized cryptocurrency exchanges have been designed in order to protect funds from being
stolen, users have control over their funds.

   -Currently, on the cryptocurrency market, about 99% of transactions are being handled on centralized exchanges.
   -DEX have high level of privacy, transactions are anonymous.
   -Centralized exchanges have higher liquidity and higher trade volume compared with DEX.
   -Centralized exchanges allow users to exchange fiat for crypto-currency and vice versa. DEX only accepts payments
in crypto-currencies.
   

I'll always go for decentralized exchanges to centralize exchange anytime anywhere, .... but the issue with decentralized exchanges is that the user interface isnt smooth enough for just anybody to use it

[Lhaine]

DEX will always the most preferred exchange but that requires huge works to be done as well. In a centralized exchange, I can easily deposit the und, trade, and withdraw but in DEX, I need to log in with my keys which is sometimes not much secured, you know once key is gone to another hand, they can easily steal your balance.

Wrong, centralized exchange site still become the most preffered exchange site. Dex is not so safe when you are logging with your privatekey. Cex and Dex have its own weakness. No need to mention but Cex still a winner from the popularity.

Definitely i agree with your compliment. Highest percentage of the exchanges are centralized in crypto industry. That's why people are using them because many people were not feel comport to using decentralised exchanges. In DEX first of all you have to put private key to trade or sell something. It’s big a matter we think because here involved your wallet security. But in CEX you can't trade without complete KYC, this is disadvantage of CEX.                            

if you are affraid of wallet security you can create a new one then transfer your funds that you want to sell to new wallet then after use that to open IDEX and trade.

[altcoinEra]

Where can I buy GRAM? Sorry for a kinda an off top, but I got tired of searching for advice. Maybe an alternative exchange, something like this