CEX Vs DEX ?

[drlukacs]

Recently I have seen many people whining about exchange fraud and some of them stopped working and took away all investor money. So in my head, I now have the thought that will 2020 be the trend of DEX?
I will give a brief summary of CEX and DEX. CEX stands for centralized exchange where all your money is managed by exchange, it has its own wallet system and money is transferred there.
DEX stands for a decentralized exchange, and there, you trade the number of coins in your wallet with someone else's wallet and there are absolutely no middlemen in between.
So with many incidents happening at CEX, will there be more people trading in DEX in 2020? Although trading at DEX costs more, it is safer for us and we do not need to make any KYC.

[TRONTON]

safe, but not too comfortable, people will think twice about using dex as a priority. Progress in 2020 depends on which market is more popular and pleases its users.

The reputation that comes from the problematic CEX will always be covered with better CEX and gives the best volume, users will only move their account to another CEX. I also monitor what happens with cryptobridge and idex. In the end, DEX will also lose their identity in decentralization because of 2 fundamental problems: 1. not being able to survive in exchange competition, 2. not being able to do much with strong regulatory pressure.

[drlukacs]

safe, but not too comfortable, people will think twice about using dex as a priority. Progress in 2020 depends on which market is more popular and pleases its users.

The reputation that comes from the problematic CEX will always be covered with better CEX and gives the best volume, users will only move their account to another CEX. I also monitor what happens with cryptobridge and idex. In the end, DEX will also lose their identity in decentralization because of 2 fundamental problems: 1. not being able to survive in exchange competition, 2. not being able to do much with strong regulatory pressure.

The problem is that centralized exchanges are under attack from hackers and many are fraudulent exchange exchanges. such as IDAX, it has stolen tens of thousands of BTC from customers and now IDAX's CEO has not been arrested yet. This shows that the legal loophole in the crypto market is too big, and scammers can easily spread. If you continue to have scams like this come to larger exchanges, you will move to DEXs? I know that volume is not as big as CEXs but it is safer, do you agree with me?

[joniboini]

I know that volume is not as big as CEXs but it is safer, do you agree with me?

It is still questionable for me. The 'safer' side of dexes might comes from a lack of sophisticated attack from the crackers. There's also different dexes here, but if we're talking about those with smart contract as the backbone, then if a bug is found they can theoritically attack every single possible token on the platform.

IMO centralized exchange is probably still going to be dominant, especially if players like Binance still exist and keep on-going. It will be the users own responsibility to choose which one is the best from them. And that's true with dex. Doesn't matter if it's a dex or cex, if you use a bad one then you might lose your money in one way or another.

[TRONTON]

The problem is that centralized exchanges are under attack from hackers and many are fraudulent exchange exchanges. such as IDAX, it has stolen tens of thousands of BTC from customers and now IDAX's CEO has not been arrested yet. This shows that the legal loophole in the crypto market is too big, and scammers can easily spread. If you continue to have scams like this come to larger exchanges, you will move to DEXs? I know that volume is not as big as CEXs but it is safer, do you agree with me?

I appreciate, absolutely not saying disagree. However, even though it always happens, it still makes the same/other CEX successfully attract more participants by strengthening a higher security system, for example, binance that is quickly recovering from a large hacking case that occurred in May.

many previous exchanges have not been spared from larger hacking cases, despite having a very fatal impact on reputation, the reaction to migrating to dex still remains insignificant.

reference: https://coinsutra.com/biggest-bitcoin-hacks/

[Orochimarukin]

Both have their advantages but these days, the pros of using a DEX surpasses it cons. DEXs now sport an easy to use interface and are becoming quite fast.

[Wexnident]

CEX provides security, DEX provides anonymity. Problem is, No matter how bad CEX is, or no matter how many exchanges get hacked, there would be some other company going to the stand. They would replace the said CEX which is bad, and be the good one. Rinse and repeat. CEX has the backing of a company so they could produce more and more and moreee and honestly, CEX provides a lot more chance that the business is going to do well. DEX on the other hand, is of the minority after all, and is used only at certain times, which makes it kinda like the 2nd option only, which defeats the purpose of most companies, to earn money.

There really aint any kind of safe service out there, It's just a matter of time when hackers hack exchanges, and its the exchanges job to prevent that and to improve their system for both the security and for the user.

[Kemarit]

Nah, I don't think that DEX will have success in 2020. Traders still prefer CEX in my opinion, even if we have so many hacks and many problems with some scam exchanges, specially mid-tier. Remember that most reputable exchanges run IEO, which will continue as the trend next year. Remember that we still have the block halving coming, and I think newbies will still favor to put their funds in CEX no matter what.

[gentlemand]

Are there are any truly decentralised exchanges out there?

Perhaps Bisq but I can't think of anything else. Binance can ban you and roll back your transactions so that's a definite no. Most of the others rely on a domain and hosting and that can be hijacked so you'll never be fully certain.

Until they're in wallet and on chain they'll always be questionable and so far the people who run them have not come across as premier league characters. There shouldn't be anyone running them beyond those who issue software for you to run.

[crossabdd]

in fact, a safe exchange is dex, because without intermediaries and personal managed wallet. but without cex, I think it is still difficult. especially about use of crypto. I think 2020 hasn't become trending for dex. except we all don't need government regulations. and crypto can be used in real world (for buying / selling items). as long as the government / country has not received crypto, cex will remain the first choice. because from cex, we can convert crypto into useful money in real life. other than that. DEX currently only runs on 1 platform. For Example, forkdelta only trades coins / tokens that run on ethereum network. so do BNB, TRX, WAVES, STR, etc. maybe we need dex which supports all platforms. making trading easier.

[Codex_HTML]

A mix of both is nice, but only if the CEX is reputable. I really appreciate a DEX that uses an intermediary wallet like a MEW or Scatter. This prevents the exchange from holding anyones money or from owning anyone's private keys. This also disables hackers from having a big- exchange cold wallet to hack from.

[zeze18]

Recently I have seen many people whining about exchange fraud and some of them stopped working and took away all investor money. So in my head, I now have the thought that will 2020 be the trend of DEX?
I will give a brief summary of CEX and DEX. CEX stands for centralized exchange where all your money is managed by exchange, it has its own wallet system and money is transferred there.
DEX stands for a decentralized exchange, and there, you trade the number of coins in your wallet with someone else's wallet and there are absolutely no middlemen in between.
So with many incidents happening at CEX, will there be more people trading in DEX in 2020? Although trading at DEX costs more, it is safer for us and we do not need to make any KYC.

I've been more comprtable using DEX since etherdelta from 2017 and i think it's better than CEX from the terms of the usability, it could connect to our wallet directly and it's much more safer but we have to careful and not recommended login in DEX using private key. But will it hype in 2020 ? i don't have any idea for that since most of biggest exchanges right now is CEX

[ReiMomo]

When it comes to security DEX is much better than CEX but when it comes to liquidity and volume I prefer on CEX like Binance. So which you prefer? Both are having pros and cons and I think I am favor with reputable CEX exchange to make more profit than DEX. I may advise if you are using exchange any of them don't leave money on the exchange, pull out once you did not on trade. Most traders now are on CEX but those reputable.

[topbitcoin]

I think as long no serious problem witth big exchanges, people will still use it. I mean, i am type of people like that. If there are no problem with big exchanges that i use, maybe i still use it. And DEX, not try much DEX beside IDEX. And i think CEX with their popularity since they are open, will still used by some traders so it wouldn't easily  replaced by DEX.

[panganib999]

A lot of people have a more positive opinion on DEX, since they basically remain anonymous with it. But in terms of being able to trade freely and securely, CEX beats DEX. The only issue with CEX is that they are unable to cope with hackers that attack their system, but once they do, it's pretty much impossible for funds to get stolen by then. Sadly, CEX requires KYC, which is to be honest, abhorred by most of us traders. Which is why DEX still stands as a good exchange compared to CEX, though CEX is much more widely used.

[Darooghe]

The main benefits using decentralized cryptocurrency exchanges over centralized ones are, there are no hidden middle man fee in decentralized system, you may have to pay miner fee but no hidden ones. also In decentralized cryptocurrency there is strict trading of cryptocurrency only, no involvement of credit card and other things. further less prone to hacking because namely it is decentralized and so no one is in control of it and there in no risk of point failure. these are some of the merit point I found decentralized cryptocurrency has over centralized ones.

[kolonel_x]

When it comes to security DEX is much better than CEX but when it comes to liquidity and volume I prefer on CEX like Binance. So which you prefer? Both are having pros and cons and I think I am favor with reputable CEX exchange to make more profit than DEX. I may advise if you are using exchange any of them don't leave money on the exchange, pull out once you did not on trade. Most traders now are on CEX but those reputable.

CEX Exchanges are now much in the interest of traders compared to IDEX in my opinion, DEX and CEX exchanges will always be there they have different benefits so this exchange is inevitable, many now prefer CEX because many tokens enter there actively in terms of large volumes and there is always an advantage over DEX which often mass discharges of coins.

[SummerBliss]

Recently I have seen many people whining about exchange fraud and some of them stopped working and took away all investor money. So in my head, I now have the thought that will 2020 be the trend of DEX?
I will give a brief summary of CEX and DEX. CEX stands for centralized exchange where all your money is managed by exchange, it has its own wallet system and money is transferred there.
DEX stands for a decentralized exchange, and there, you trade the number of coins in your wallet with someone else's wallet and there are absolutely no middlemen in between.
So with many incidents happening at CEX, will there be more people trading in DEX in 2020? Although trading at DEX costs more, it is safer for us and we do not need to make any KYC.

I don't have a very good experience with DEX. Most of the DEX don't have much volume and most of the trading is done using bots especially in tokens. Moreover I feel it's a quite cumbersome process to trade on DEX if you are a day trader you will have a hard time on such exchanges. If you are buying coins for investment then these exchanges are good otherwise DEX make no sense to me.

[Mahanton]

Are there are any truly decentralised exchanges out there?

Perhaps Bisq but I can't think of anything else. Binance can ban you and roll back your transactions so that's a definite no. Most of the others rely on a domain and hosting and that can be hijacked so you'll never be fully certain.

Until they're in wallet and on chain they'll always be questionable and so far the people who run them have not come across as premier league characters. There shouldn't be anyone running them beyond those who issue software for you to run.

I cant think of on another exchange when we do talk about Dex which my primary choice is Bisq and the rest are just masking out to be Dex
but have the tendency to become CEX just like on what IDEX did suddenly as king out kyc. 

The thing here about trends comparing Cex and Dex is that it isnt really get too much volume yet people would still always prefer on using up Cex
due to fiat and crypto options.

[ryzaadit]

But the fund still on DEX Exchange went we put an order.

You should make a deposit to the exchange if you put an order and need to wait until someone takes the order. Went the dex exchange got a breach from the hacker, all people who put an order to the dex exchange still get effected.