Just a question

[nxnqauff]

Can someone pls answer this question? presently the problem of decentralized exchange is liquidity and enough volume, if people start leaving cex for dex will the volume increase ? if Yes then what is stopping people? because dex exchanges is the perfect answer to stolen fund on exchanges and exchange scam exits

I am very doubtful about people leaving centralized exchanges completely. I don't think regulatory will also allow such things in the future when regulations come in place for crypto.

[btcdie]

Someone prefers a central exchange and has a good reputation with a large volume, a decentralized exchange many people are still unsure of all this, it may become a bubble later because the private key is still on the service provider side and the message processing time requires time, only coins certain that can be exchanged. I feel more comfortable using CEX exchange, flexible, instant / fast exchange, and more secure from phishing (2Fa, password, Pin or the like).

[Google+]

Can someone pls answer this question? presently the problem of decentralized exchange is liquidity and enough volume, if people start leaving cex for dex will the volume increase ? if Yes then what is stopping people? because dex exchanges is the perfect answer to stolen fund on exchanges and exchange scam exits

I am very doubtful about people leaving centralized exchanges completely. I don't think regulatory will also allow such things in the future when regulations come in place for crypto.

indeed the centralization of the exchange made many people confused because there could still yield some profits while however the price and circulation of cryptocurrency could never be controlled, cryptocurrency would have a free circulation movement and could only move because of the influence of demand.

[fuer44]

because most of them have a bad user interface and their website is unresponsive(some of them even have a bad connection, refusing the user connections). I experienced it by myself.

just to open having to use vpn is a bad thing, yes i have experienced it too. I don't think it will last long because people won't use it anymore if it's difficult to access.

[crossabdd]

at the moment I personally don't really like the CEX exchange. but cex can be responsible for our funds. if it's stolen. while dex, 100% security is in yourself. so that if funds are lost, we cannot complain. other in my opinion is dex only provides 1 platform only, like forkdelta only provides coins based in ethereum. while cex has all platforms. this is what makes me still use cex exchange, rather than dex exchange.

[biddicoin]

of course DEX will have bigger liquidity and volume if CEX traders/ investors move to DEX.
But why hasnt it happened until now? moreover, we already know that there are MANY hacked CEX.

I have some reasons why:

1 DEX has low speed transaction

2 DEX is lack of feature (future, margin, stop limit, etc)

3 DEX has absolutely bad GUI

4 even DEX already hacked (looking at bancor)

So, dont be wonder why people still stick to CEX, DEX hasnt given better option in this case.

[Metall303]

People will not switch from CEX to DEX. This will not happen because decentralized exchanges are not for everyone. they are not convenient for traders. they are not comfortable to trade. DEX will always be popular only for a particular market audience

[batang_bitcoin]

Can someone pls answer this question? presently the problem of decentralized exchange is liquidity and enough volume, if people start leaving cex for dex will the volume increase ? if Yes then what is stopping people? because dex exchanges is the perfect answer to stolen fund on exchanges and exchange scam exits

Obviously it will and that's a dream come true for most because we want dex to overcome this market and that's why there's should be more awareness that we're doing for them. But the reality stands currently that the mass likes the convenience that CEXs have to offer.
And that's the reason why we are still seeing a lot of dex have a very low volume.

[xiboothrezi]

Obviously it will and that's a dream come true for most because we want dex to overcome this market and that's why there's should be more awareness that we're doing for them. But the reality stands currently that the mass likes the convenience that CEXs have to offer.
And that's the reason why we are still seeing a lot of dex have a very low volume.

It's like two opposite sides, there are pluses and there are minuses of each, right? Dex with more maximum service, consider it more "official" so that many people choose and trade there so that the volume increases, conversely even though cex is assumed to have stronger security but is not very desirable, that's how the market accepts it. So we have to make good use of both. Quality Dex like Bianance Dex, can also be the best solution for trading.

[Kiefner]

Scam cases have become more frequent among decentralized exchanges. The unpleasant situation with IDEX has undermined the credibility of these exchanges. It seems to me that people will soon prefer centralized exchanges.

[youdacapt]

People will not switch from CEX to DEX. This will not happen because decentralized exchanges are not for everyone. they are not convenient for traders. they are not comfortable to trade. DEX will always be popular only for a particular market audience

precisely dex is too idealistic with less attractive uses, many traders don't like the obligation to use gas, prefer coins that are automatically deducted as fees and for other transaction needs. Whatever level of complexity is given to cex, it will make many traders choose to adapt and not switch to other platforms. Some people who turn suddenly will eventually have the same thought.

[ameliana]

I like both markets like the decentralized or central markets because both markets are containers for buying and selling so we can use both where our tokens can be bought and sold, but it all depends on which one we want to use because all also have their own level of comfort.

[btc-facebook]

People will not switch from CEX to DEX. This will not happen because decentralized exchanges are not for everyone. they are not convenient for traders. they are not comfortable to trade. DEX will always be popular only for a particular market audience

true what you say,
I also agree, because DEX is not designed easily for traders, especially novice traders,
they will prefer CEX because it is easier and more comfortable, even though the risk is greater, because when an exchanger gets a hacker attack, it is possible that our funds will also be lost.
and in the end CEX or DEX will both continue to exist because market demand never runs out.

[Yaunfitda]

Can someone pls answer this question? presently the problem of decentralized exchange is liquidity and enough volume, if people start leaving cex for dex will the volume increase ? if Yes then what is stopping people? because dex exchanges is the perfect answer to stolen fund on exchanges and exchange scam exits

Obviously it will increase if traders started to move to DEX.

Well because we have this notion that CEX is safe for trading that's why it is still the preferred choice of most traders, specially if you're a newbie, you will start your journey with CEX like Binance and the rest of the top tier exchanges.

As for the stolen funds, it's really hard to cope with that as hackers are everywhere. And we have the old adage, not your keys not your coins, so better not put all your funds in an exchanges.

[leowonderful]

Most people new to cryptocurrency flock to centralized exchanges because they usually advertise themselves way more than decentralized exchanges with things like trading contests, promotions like reduced fees and so on. Centralized exchanges also typically boast more useful features than most decentralized exchanges and a boatload of guides and usually decently fast customer support, not to mention a lot of them are just way more newbie-friendly in terms of their interfaces, though DEXes have started catching up here. A lot of decentralized exchanges also have pretty poor liquidity at the moment stemming from a lack of people using them which loops right back to my first point.

[joshua123]

Can someone pls answer this question? presently the problem of decentralized exchange is liquidity and enough volume, if people start leaving cex for dex will the volume increase ? if Yes then what is stopping people? because dex exchanges is the perfect answer to stolen fund on exchanges and exchange scam exits

Not a solution I think. Some exchange or cex using this hacked incident to steal some funds from the users. Dex is nice but not all users are familiar with it and this process is sensitive not all community can easily adopt it maybe in time as people got introduced carefully with dex.

[DosManos]

i dont really know what it does not work out.. maybe because no one can give insurance like in centralized exchanges...
if something happens on binance they can refund and deal with the hack
if something happens with decentalized exchange (and there are attacks that can work like DNS attacks and others..)
no one can give insurance

[FireBallex]

My experience with DEX is not so good, full of one problem after the other, very sluggish too, it will be hard for people to stop using centralized exchanges because they perform better than DEXs

[Casdinyard]

Yes then what is stopping people?

Some are worried of wallet linking that could lead to lost of funds though some create new wallet dedicated for that exchange. While DEX don't have real time support that you can reach instantly whenever you got issues.

if something happens on binance they can refund and deal with the hack

Binance did have insurance and other reputed sites and so choosing those is somehow a relief.
Though to clarify, insurance just covered the entire site when it get hack and not just the individual account.

[DaMut]

just to open having to use vpn is a bad thing, yes i have experienced it too. I don't think it will last long because people won't use it anymore if it's difficult to access.

not really(technology will keep advancing, it might be the issue for now but it will not be in the future), even I think dex will be a new trend next year because of AMLD 5 compliance. many people do not like doing it including me, people will use this opportunity to create a dex and offer it to those people.