(Yes or NO) The 2020s belong to DEXs

[nightflightcourt]

Many centralized exchanges has a good volume that's why many are staying on their side and as for the other DEX, many of them too doesn't have a good volume so that's why traders are wanting to get into those centralized exchanges with volume which their coins are listed.
Binance is a centralized exchange and they've built the confidence from the people and the incident that happened of them with hacking, they've refunded those who are affected but not every exchange can do this.

What if Binance suffers another hack that's worse than the last one they had and they can't pay everyone back?

The decision to trade on a decentralized or centralized exchange depends on you and your investment needs. With the current conditions of a decentralized exchange, it is not possible to say that one is "better" than the other. New entrants, for example, will struggle with inhospitable users and lack of customer support from DEXs while experienced blockchain investors who prefer not to trade on a centralized exchange because of security concerns prefer decentralized alternatives.

What if there was a DEX that you could download like an app and it was really easy to use?

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[gensol]

Centralized exchanges has the liquidity every trader craves for. Also, there's the flexibility of trade against different pairs of choice to any trader which isn't found in Dex. I prefer CEX to Dex.

[Drai]

Out of all those exchanges you mentioned, I only recognise the name of two exchanges there which is switchedo and Idex but even Idex has enforced KYC in their exchange, but I can mention 19 centralised exchanges and 80% of people reading this thread would recognise their names, the point I am trying to make is that centralised exchanges are still king and I don't see that changing anytime soon unless something really bad happens.

[SarangWallet]

~snip

I think if the exchange developer wants to freeze the assets that we have, then DEX with the Exchange can still do the same thing. Because DEX must also make a deposit before making an exchange. So, we use this exchange only based on the trusted in exchanges.

[henmark]

Decentralized exchanges are still the best of them all to use and the reason why we all keep our money in CEX or use them is still because of the irrelevant volume on dex exchanges, because no one wants to keep their fund in a place where they will not be able to get their transaction done fast and in a conducive way which is still the power that big centralized exchanges have over dex exchanges.

I sure believe that many people will be willing to use a decentralized exchange whom even have more secured platform than that of centralized exchange if they can have the volume that is needed for it. I wish that these dex exchanges that you listed here could actually try their possible best to just ensure that 2020 is really their year because enough is actually enough of these cex exchanges.

[nightflightcourt]

~snip

I think if the exchange developer wants to freeze the assets that we have, then DEX with the Exchange can still do the same thing. Because DEX must also make a deposit before making an exchange. So, we use this exchange only based on the trusted in exchanges.

Out of all those exchanges you mentioned, I only recognise the name of two exchanges there which is switchedo and Idex but even Idex has enforced KYC in their exchange, but I can mention 19 centralised exchanges and 80% of people reading this thread would recognise their names, the point I am trying to make is that centralised exchanges are still king and I don't see that changing anytime soon unless something really bad happens.

If a DEX has backdoors that some central authority can use to change infrastructural rules, it's not a true DEX
A true DEX, once launched, cannot be altered or shut down.

Decentralized exchanges are still the best of them all to use and the reason why we all keep our money in CEX or use them is still because of the irrelevant volume on dex exchanges, because no one wants to keep their fund in a place where they will not be able to get their transaction done fast and in a conducive way which is still the power that big centralized exchanges have over dex exchanges.

I sure believe that many people will be willing to use a decentralized exchange whom even have more secured platform than that of centralized exchange if they can have the volume that is needed for it. I wish that these dex exchanges that you listed here could actually try their possible best to just ensure that 2020 is really their year because enough is actually enough of these cex exchanges.

CEXs could win their fair share of battles, but DEXs will win the war. They already win in terms of privacy and security. Soon enough, volume and speed will be comparable enough to make them a real contender.
I strongly believe Stakenet has the best potential to redefine everything people have been saying about DEXs in this thread.

[Coin_trader]

-snip

Biggest DEX problems are
1. Lack of volume
2. Liquidity
3. Too low interest
4. Can be very annoying

Dex aren't showing good signs of interest yet but maybe in the future things can change drastically

Dex has no market makers since they are decentralized. Other centralized such as binance have a market makers to provide liquidity and volume to there exchange 24/7. Its impossible for a DEX to have a sustainable volume. Most probably. The majority of the volume of centralized exchange was fake so its not good to compared them to DEX.

[nightflightcourt]

-snip

Biggest DEX problems are
1. Lack of volume
2. Liquidity
3. Too low interest
4. Can be very annoying

Dex aren't showing good signs of interest yet but maybe in the future things can change drastically

Dex has no market makers since they are decentralized. Other centralized such as binance have a market makers to provide liquidity and volume to there exchange 24/7. Its impossible for a DEX to have a sustainable volume. Most probably. The majority of the volume of centralized exchange was fake so its not good to compared them to DEX.

If you think DEXs are slow, look at how fast Lighting Network atomic swaps are.
Here's Stakenet performing instant Lighting swaps between LTC/XSN on a pure, full-blooded DEX 
https://www.youtube.com/watch?v=yLq7xIjf_hc
It's really cool!

[kanayaTabitha]

It depends on the centralized exchange build the trust for the users, many centralized exchange problem is they can't build trust for their customer then people always thing the exchange manipulate volume, it can be down anytime and never comeback.
Centralized exchange should reduce people's stigma just because some of those centralized exchange doing bad. There are still some of them that is good and treat their customer good.
So i think, if centralized exchange want to survive they have to build loyal customers and make sure their service is good and keep the people money safe.

[fullhdpixel]

DEX is the future. For now it is rather difficult to compete with cetralized exchange. Because of their greater prestige, trading volume too, and most recently they added the IEO feature. This makes them increasingly used by crypto activists. Now, large exchanges have started to make a lot of new DEX. This is a sign that the DEX era will soon develop because it is safer, without fake volume, and also buyers and sellers are connected directly without a third party.

Still there's a lot of things to happen, yes DEX is the future, but we don't know what will happen, is people going to trust them and use their exchange or not, so it depends on the people's preference. Although, DEX is not good for me as they will list a lot of shitcoins there, it is just for their own so that they can earn even in shitcoins.

For dex to become the future, we are still the one to determine it and like you said here, it depends on the level of trust that we have for them. Actually, dex exchanges has been a trustworthy platform as we all know that it is even difficult for hackers to go through it, but because there is an ownership of centralized exchanges, they are using the hype they can create to actually step on dexes and diverting the attention of people from it, so people don’t even use dex exchanges or us to even try them first and see how they will perform.

The whole thing will start from us first, we should encourage dexes by visiting the platform to at least try one or two trades and transactions, if we can do that, I am sure that majority of us would love what we actually see, and by doing so too, they will gradually get the popularity and the volume that is needed to drive the exchange forward.

[Lauren Smith]

IDEX is not dex anymore. They ask KYC. Cheeky bastards. Their website is false and misleading. They have nothing to do with being decentralised yet they claim they are.

I agree that central exchanges have lost their legitimacy. All the so called EX exchanges that ask KYC and are central are the one that get hacked all the time it would seem.

I will stick to DEX as i always have and protect my privacy.

[Ken_terrance]

Dexs are not capable to be the leading exchanges in future because they lack liquidity and good volumes, Dexs exchanges are far from cex capabilities

[SarangWallet]

~snip

I think if the exchange developer wants to freeze the assets that we have, then DEX with the Exchange can still do the same thing. Because DEX must also make a deposit before making an exchange. So, we use this exchange only based on the trusted in exchanges.

If a DEX has backdoors that some central authority can use to change infrastructural rules, it's not a true DEX
A true DEX, once launched, cannot be altered or shut down.

When talking about the true DEX, there is no need to debate, of course what we are arguing about is not true DEX.

[bttmember]

I agree to the fact that Dexes will definitely dominate the crypto market provided the fact that they come up with easy and modern looking interface and fast transactions alongwith security if dexes do not come up with all these features i think next form of exchanges that can succeed big time would be instant swap exchanges.

[StephenieDuong]

I agree that DEX has lots of advantages to protect users, keep users use their own private key but there are lots of disadvantages of DEX. First, if DEX is hacked then who would protect you. Second, there are no trading volume on DEX and scam project can be listed easily. Third, i believe no government will approve a DEX exchange and this may lead to DEX exchange crash in the future. So, for these reasons, i am out for DEX.

[Stanlo]

When up-and-coming DEXs become more convenient than Binance...

Projects like:

Stakenet
Komodo Atomic DEX
Nash
Blocknet
Bisq
Switcheo
Loopring
IDEX
WAVES
Bithumb
...And many more...

Why would anyone ever want to keep using centralized exchanges, especially when their volume becomes irrelevant?

Why would anyone voluntarily send their funds to a wallet on a vulnerable exchange where they don't own the keys and their funds could be frozen at the drop of a hat?

I think the days of centralized figureheads acting as gatekeepers are numbered.

I doubt if switcheo is a dex because it works like changelly or shapeshift, to say the truth dex are not better than centralised exchange in some area like volume and liquidity, the only thing dex do best is security

[nightflightcourt]

When up-and-coming DEXs become more convenient than Binance...

Projects like:

Stakenet
Komodo Atomic DEX
Nash
Blocknet
Bisq
Switcheo
Loopring
IDEX
WAVES
Bithumb
...And many more...

Why would anyone ever want to keep using centralized exchanges, especially when their volume becomes irrelevant?

Why would anyone voluntarily send their funds to a wallet on a vulnerable exchange where they don't own the keys and their funds could be frozen at the drop of a hat?

I think the days of centralized figureheads acting as gatekeepers are numbered.

I doubt if switcheo is a dex because it works like changelly or shapeshift, to say the truth dex are not better than centralised exchange in some area like volume and liquidity, the only thing dex do best is security

Doesn't best security win in the long run though?

[cytpoway121]

When up-and-coming DEXs become more convenient than Binance...

Projects like:

Stakenet
Komodo Atomic DEX
Nash
Blocknet
Bisq
Switcheo
Loopring
IDEX
WAVES
Bithumb
...And many more...

Why would anyone ever want to keep using centralized exchanges, especially when their volume becomes irrelevant?

Why would anyone voluntarily send their funds to a wallet on a vulnerable exchange where they don't own the keys and their funds could be frozen at the drop of a hat?

I think the days of centralized figureheads acting as gatekeepers are numbered.

If this are the exchanges that want to rival the centralized exchanges, then 2020 is not the year.

Idex is now centralized /decentralized
While waves isn't dominant and frankly i prefer forkdelta to the other listed dexes.

[rdewilde]

When up-and-coming DEXs become more convenient than Binance...

Projects like:

Stakenet
Komodo Atomic DEX
Nash
Blocknet
Bisq
Switcheo
Loopring
IDEX
WAVES
Bithumb
...And many more...

Why would anyone ever want to keep using centralized exchanges, especially when their volume becomes irrelevant?

Why would anyone voluntarily send their funds to a wallet on a vulnerable exchange where they don't own the keys and their funds could be frozen at the drop of a hat?

I think the days of centralized figureheads acting as gatekeepers are numbered.

In as much as you said the truth, yet I think it will be difficult to achieve. Even with the vulnerability of centralized exchanges, more and more users keeps going for them, the big question is why? The answer is, centralized exchanges offer a more user-friendly system where it is easy to navigate etc. It also offer more trading tools unlike it's counterpart; in addition is, they have huge volume of which everyone knows that volume matter alot in any exchange. On the other hand, decentralized exchanges offer more security but lacks the features found in centralized exchanges. Therefore I think, until decentralized exchanges steps up their game they will still be lagging behind.

[Bonwin]

Common, it's 2020 already and I am yet to see any signal on whether DEXes have what it takes to take over. As far as I know, a lot of coins are mainly looking forward to listing on Centralized exchanges, except in a case where they are not ready for that. The urge to go for decentralized exchanges came then, because of the rate at which centralized exchanges were being hacked.

However, with time, which might not be now, DEXws will start getting the needed attention.