(Yes or NO) The 2020s belong to DEXs

[DarkDays]

Obviously not.

The vast majority of decentralized exchange platforms are clunky messes. Have you ever actually tried to trade regularly on a DEX? It's an absolute nightmare.

Unless professional traders can be provided with the liquidity and advanced order types they have come to expect from centralized platforms, then there's no chance they're going to make the switch.

Think about it, even some of the largest centralized exchanges can't even keep up with the sudden burst in demand sometimes, DEX's will get absolutely ruined during these times.

Not even close to seeing a real mainstream DEX yet.

[Goodvalony]

people are familiar with CEX and it is quite easy to use. different from Dex that required sharing your private key to an unknown/known websites. i personally prefer CEX to Dex because i think my private keys are not save with the DEX. the centralized exchanges charges for trading and i think that is the only charges avaliable on the cex while Dex charges for each activity that occur on the platform. from transfer of token to trading.   

[Fesatmas]

people are familiar with CEX and it is quite easy to use. different from Dex that required sharing your private key to an unknown/known websites. i personally prefer CEX to Dex because i think my private keys are not save with the DEX. the centralized exchanges charges for trading and i think that is the only charges avaliable on the cex while Dex charges for each activity that occur on the platform. from transfer of token to trading.   

True, the average large investor now uses CEX as their investment or trade because there is very safe compared to DEX in my opinion, often a decentralized exchange of many scams or undercover sites making it difficult to imagine if our private key to the hands of others is really dangerous for me .
CEX is a safe exchange with data stored according to the rules there so I think CEX will be more and more interested.

[Greatchu]

Once upon a time forkdelta used to be the best, I was able to sell some tokens on forkdelta and they are never listed anywhere else, it's a shame that the exchange is never the same any more, now it's more like a dead exchange with no volumes

[Marckolind]

Stakenet will be the superior one to all of them once they release their Lightning DEX.

Here's a pic of it.

[nightflightcourt]

Stakenet will be the superior one to all of them once they release their Lightning DEX.

Here's a pic of it.

Agreed. From my interactions with the greater crypto community, a lot of people don't seem to realize how capable DEXs are.

[nightflightcourt]

Once upon a time forkdelta used to be the best, I was able to sell some tokens on forkdelta and they are never listed anywhere else, it's a shame that the exchange is never the same any more, now it's more like a dead exchange with no volumes

Hey Greatchu, XSN will have full ETH token support soon 

[jessyj48]

Everyone is claiming that DeX are more secured than centralized exchanges but it feels the same to me, haven't you guys heard about few DEXs that got hacked?

[slaman29]

CEX is doing very well as expected with most but investors seek a better adoption of DEX. The removal of anonymity by some DEX had been discouraging on use but the security is still attractive to some users. The obvious ability to contain wash trading to the minimal encourage the use of data both coin and exchanges. I desire the adoption of IEO on decentralized exchanges, where anonymity is still allowed to encourage investors that still insist on keeping there presence confidential in the space.

I'm not sure investors or speculators really care to be honest. Everyone I know who isn't a real crypto user (as in, they only hold and never actually use crypto like p2p), they actually even prefer to use CEX. They want someone to talk to when something goes wrong. They actually WANT to trust a company. Binance and all the CEXs, not some platform they don't get. Sad but true.

[cahbagus555]

Centralized exchangers in my opinion will still continue to be in demand and be used by investors. Liquidity factors and large transaction volumes attract investors and this is different from DEX which sometimes has a bid and ask price spread that is too wide, making it difficult for investors to get the best price.

[Chuky92]

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.

Although I only know and have used just a few number of DEXs here, but I won't fail to say that DEXs is still way behind starting with the prominent issue which is low volume especially when it is compared to centralized exchanges. It is totally true that Decentralized exchanges gives more sense of security but crypto users are willing to trade that security for high volume on centralized exchanges, that is to show how important it is. Therefore in my own understanding, DEXs needs to do more to gain the attention of more users starting with volume and maybe user interface.

[BayAngelo]

i prefer the CEX because they are simple and easy to use and interact with. i don't like the Dex because they charges on everything that happens on the platform. from depositing to withdrawing involves charges.  the interface of the cex are very friendly and easy to understand. the DEX requires a lot of practise before you master the usages.  i have loose lot of tokens to the DEX.

[prof7bit]

i prefer the CEX because they are simple and easy to use and interact with. i don't like the Dex because they charges on everything that happens on the platform. from depositing to withdrawing involves charges.  the interface of the cex are very friendly and easy to understand. the DEX requires a lot of practise before you master the usages.  i have loose lot of tokens to the DEX.

I agree with you completely regarding DEX. But you need to strive for a complete transition to the principles of trading on DEX. I still do not like the very low level of liquidity for these types of exchanges.

[milesfull]

DEXs still have too low volume unfortunately

[nightflightcourt]

If a DEX had really high volume
And you just had to send crypto to a wallet (no kyc or registering)
Would you use that DEX?

[letyouearn]

Not all the people prefer decentralisation, as I see. Many of them would like to use centralised services like banks or brokers etc. They don't want to control their accounts and funds by themselves. For example hundreds of people are losing their private keys and doesn't understand that MEW support can't help them in this case

[TopT3ns]

Not all the people prefer decentralisation, as I see. Many of them would like to use centralised services like banks or brokers etc. They don't want to control their accounts and funds by themselves. For example hundreds of people are losing their private keys and doesn't understand that MEW support can't help them in this case

well, I totally agree with what you say because right now there are a lot of decentralized wallets that have a lot of problems, I won't use that method, it's better if I use another wallet storage method that I think can be safer like a hardware wallet that I can store and control. fully.

[nightflightcourt]

DEXs and DeFi should only become more relevant as they could greatly enhance what people can do from home.

[timmmers]

I am thinking if crypto survive this disaster and if yes, then there will not be a place for many cprytocurrencies, so decentralized exchanges would be useful. Especially, when you can trade only assets on the one blockchain. Ethereum DEX - only for ERC-20 tokens, Binance DEX only for BEP-20 tokens. 

[Utoy101]

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.

When it comes to cryptocurrency exchange, i don't think decentralized exchange will take the lead any time soon. In as much as decentralized exchange gives the consensual power to traders, they ain't immune to hack and breaches entirely. Records have DEX that have been breach many times too.  Due to flexibility and wide range of functionality being provided by centralized exchanges  for effective crypto trading, they have gather lots of userbase and large volumes and liquidity over the years, from where the entire crypto market stands, i dont see DEX beating that