Decentralized or Centralized Trading?

[Techspace0029]

I have experienced a lot in trading Exchanges. While I have seen some steps.

There are some disadvantages of Centralized exchange.
- 1: We can't say that the real amount of BTC or USD is real or not we can't even say in Binance that the traffic and volume are legit or not.
- 2: The authority of all transactions is in the hand of Admins (Means they can easily lock our account if we have more value in our account. We have seen a lot of cases like that.

In that case, I prefer to go for Decentralized Exchanges. Because everything is in our hands even the transaction and we can see the real amount of traffic and real volume so I guess Decentralized is much better.

But I am facing one more issue there are no features. I have seen one project MeterQubes they are providing more services and features in Decentralized Exchange. So I guess this is the right time for Decentralized Exchanges to take a position in a market.

Here is the video of MeterQubes. I would like to know a suggestion about the community what they are saying about it?
Here is the video: https://www.youtube.com/watch?v=pZpW__JOM0Y

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[LeGaulois]

There are some disadvantages of Centralized exchange.
- 1: We can't say that the real amount of BTC or USD is real or not we can't even say in Binance that the traffic and volume are legit or not.
- 2: The authority of all transactions is in the hand of Admins (Means they can easily lock our account if we have more value in our account. We have seen a lot of cases like that.

- 1: You can, published researches can be found on this matter. We have even seen a consortium created for precisely this reason of transparency (and other reasons, of course). There is also the case of platforms that agree to be audited.

- 2: They can kick you out for anything, no matter the amount, but there are also external points, your assets could also disappear with a hack, from their side as well your, fake CEO death, company shut down,...

But I am facing one more issue there are no features. I have seen one project MeterQubes they are providing more services and features in Decentralized Exchange. So I guess this is the right time for Decentralized Exchanges to take a position in a market.

Decentralized exchanges are still something primitive, and currently, it does not meet a distinct demand. The low volume generated and the lack of features don't make DEXs attractive either. That's why it's not something common/popular yet. Maybe in a few years, I hope it will be the case when people will realize how finally KYC bullshits are annoying.

[dark08]

For so many years in trading industry I prefered to used centralized exchange site because its easy to understand the features of centralized compare to decentralized but I agree to your statement this two have a disadvantages and advantages function.

[bcoinseliot]

I also prefer Decentralized exchanges.

[juperos]

Decentralized transactions are expensive fees and it's quite risky, because no one can guarantee our transactions. furthermore, trading in decentralized exchanges will not be as good as centralized exchanges.
Another important thing is that no DEX has stoploss yet, so trading there needs a lot of courage!

[Kotone]

Decentralized is okay but, to be safe centralized exchange is the trading platform I prefer. I dont mind KYC, cause Im not a huge trader and will definitely do trading below their KYC level activation. Everything is synchronize and well managed in a centralized exchange. But I must admit, dex is as flexible as it is, as Ive been using etherdelta (Forkdelta now) in some of my coins got from airdrop and bounty.

[ethereumhunter]

We have a different experience in trading, and if you prefer to go with decentralized, then you can continue to use them. But I still prefer to use centralized exchange because, in that exchange, I can see they have many coins to trade, and I can pick one or more coins to try to analyze so I can make money. I know that means I need to follow their rule and I am okay with that.

[binhvo1505]

if it was me, I would still choose centralized trading. because there, there are big exchanges like Binance, Huobi, Okex always have stoploss function. That's the function I need most in exchanges, I'm not too concerned about fees, the security of my assets is the best.
Therefore, I never choose to trade in decentralized transactions, it's too complicated and dangerous!

[freedomgo]

Decentralized is okay but, to be safe centralized exchange is the trading platform I prefer. I dont mind KYC, cause Im not a huge trader and will definitely do trading below their KYC level activation. Everything is synchronize and well managed in a centralized exchange. But I must admit, dex is as flexible as it is, as Ive been using etherdelta (Forkdelta now) in some of my coins got from airdrop and bounty.

For me, I used both, I don't have to choose as both of them are useful.
However, when it comes to risking big money, I'd rather trust big exchanges which are normally centralized exchanges.

There are a lot of decentralized exchange in the market also but I haven't seen any exchange which has at least 100 million usd in trading volume, compared to centralized where they can reached even more than 1 billion 24 hours trading volume, like Binance and houbi. With that said, we already know that people in the space trust more centralized exchange compared to decentralized exchange.

[moneyball]

well we all know that the DEX is more secure then the centralized exchange(you have your private keys on the DEX) but if you are new to crypto the easyest way is to start with a centralized exchange

[princerepon]

[-snip-]

Now days people more attractive decentralized than centralized. People want to be a free from others. But in my opinion in some points centralized is more secure than decentralized. I don't think centralized platform is a thread for trading. Of course they are annoying for sometimes but they have to right do something to protect their platform though.

[nreal]

Current decentralized exchanges face issues such as being difficult to use with newbies, lacking in powerful features (what I don't like about decentralized exchanges is charting and lack of stoplimit orders), blocks The transaction volume is too small. Even Binance DEX trading volume is very low.

[semobo]

Both has pros and cons while using it but as far now CEX doing better comparitively with DEX so people who trade often will pick centralized exchanges but they should understand the risk of trading on it and also their KYC policies sucks sometimes.

[Google+]

I think the two types of places of exchange there is no problem for trading that is certain if you want to create a place of exchange must have a very high security system and as much as possible to remain careful when trading, secure the assets you have.

[romero121]

Decentralized and centralized exchanges have their own advantages and disadvantages. From my experience centralized exchanges at present were serving good than the decentralized exchanges. I state this because if we encounter some issue we can request the support team and get the issues sorted.

With decentralized exchanges we are responsible for everything happening through the exchange. In future decentralized exchanges will be much preferred by the users, and right now most of the decentralized exchanges have low volumes which isn't good for trading.

[Julian ogan]

From my experience centralized exchanges at present were serving good than the decentralized exchanges. I state this because if we encounter some issue we can request the support team and get the issues sorted.

With decentralized exchanges we are responsible for everything happening through the exchange. In future decentralized exchanges will be much preferred by the users, and right now most of the decentralized exchanges have low volumes which isn't good for trading.

I don't think so your statement is correct here. If we face any issue with the exchange, even decentralized exchanges help in getting the issue resolved. Unless, if the issue is not with our wallet. From exchanging a coin till we receive in our wallet, DEXs are responsible for that. After it is sent to our wallet, it is our responsibility to secure our coins.


>> In my opinion, Trading on decentralized exchanges are more secure than Centralized exchanges. On Centralized exchanges, you will not have control over your funds. There will some third parties involved in it. If the exchange gets hacked then your funds will be lost. The best example for this is Mt.Gox where Bitcoins were stolen because of its poor security.
On decentralized exchanges, there is no third party involved. You can directly buy and sell your coins. You will have control over your funds.

[vintages]

But I am facing one more issue there are no features. I have seen one project MeterQubes they are providing more services and features in Decentralized Exchange. So I guess this is the right time for Decentralized Exchanges to take a position in a market.

Here is the video of MeterQubes. I would like to know a suggestion about the community what they are saying about it?
Here is the video: https://www.youtube.com/watch?v=pZpW__JOM0Y

I guess it can't have everything.
One of the lacking of exchanges whether centralized or decentralized is that they don't have all the features àn investor will want.
So it's best to choose the top priority which is been able to control your funds without external party or third party.

[audaciousbeing]

Its as if when the discussion is about exchanges, the discussion is mostly limited to centralized and decentralized whereas there is a third option which is the peer to peer site such as localbitcoin and paxful. In those platforms, there is no issue of maybe the volumes are real or the price of bitcoin is what is really applicable. You get to trade with individuals, you set your prices and you see various prices from others. There is also a review to be left on traders that have distinguished themselves and the unique thing is, there is an inbuilt escrow that seeks to ensure all parties fulfills their own part of the contract in addition to the availability of moderators to come into the matter if things are not done the right way. For me, this supersede whether decentralized exchange or centralized exchange platforms.

[michellee]

Each exchange will have advantage and disadvantage. The decentralized exchange will be a freedom for the user to manage their funds directly while in a centralized exchange, we need the third party to control. So that depends on the user itself, which exchange he wants to use. If he prefers a decentralized exchange, then he can do that while the other people prefer to use the centralized exchange. Every people will have their option on where they want to trade, and maybe some of them prefer both exchanges.

[jamesndungu1]

Decentralization, in this case basically means having full control over your own money. Introducing this concept to trading is a game-changer as it means there is elimination of all the unnecessary intermediaries involved in modern trade. Transaction fees are also greatly reduced in this scenario not forgetting the swiftness involved in the processing of transactions. Decentralized trading helps one save money and time which is what everyone wants while trading.