2bfree
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August 18, 2020, 08:52:58 PM |
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I hope they go out of business. I got my coins "frozen" for over 2 years on a big exchange that everyone loves because i comited a crime of traveling so it's for my protection. I had to do KYC which I did then web cam, then more nothing now they want me to show camera video of where I origianted first deposit and crap like that so they just want to steel my fund. I have google autenticator i can trade i have access i just cant remove they blocked it. I hope they bancrupt scum! I like dexes because of scum like this who want me to dance like a monkey on a camera to get my own bitcoin they stole.
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akram143
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August 20, 2020, 03:02:27 PM |
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Decentralized exchanges are not going to support trading on different blockchains so the usability is lot less than centralized exchanges, and security is supposed to be higher in DEX but in reality decentralized exchanges are also hacked and no one is going to take responsibility for that which is the reason why people trusting centralized exchanges where they have team to keep tracking all the security breaches.
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cosmofly
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August 20, 2020, 04:36:42 PM |
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This is just a short term boom. In fact, Dex existed at the same time as Cex many years ago but it has not exploded yet. Due to the emerging trend of Defi, many investors choose Uniswap to trade, it will be more convenient and in the right way that project owners want. In my opinion it is only about 3 months until the Dexs will be silent again and nothing great will happen, so do not expect too much on Dex, where transaction fees are high and inconvenient. it has never been an exchange in accordance with the criteria of the traders.
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Oilacris
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August 20, 2020, 09:20:00 PM |
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I hope they go out of business. I got my coins "frozen" for over 2 years on a big exchange that everyone loves because i comited a crime of traveling so it's for my protection. I had to do KYC which I did then web cam, then more nothing now they want me to show camera video of where I origianted first deposit and crap like that so they just want to steel my fund. I have google autenticator i can trade i have access i just cant remove they blocked it. I hope they bancrupt scum! I like dexes because of scum like this who want me to dance like a monkey on a camera to get my own bitcoin they stole.
You would really need to deal up with this kind of thing when you are using up centralized platform since they do have all the power and rights on their users funds and when they do neither saw a true problem or just trying to steal out funds then they would really be making these bullshit alibis. Decentralization is what we want but we cant deny that centralized platform does really have significance even though it isnt really that appealing for such having being controlled but people do need to make up some conversion to or from fiat which dex cant offer. These platforms will still exist but cant dominate Cex's in future.
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princerepon
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August 20, 2020, 09:20:31 PM |
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Dex still have lot of problem but i think dex is the future platform for trade. Past few weeks we saw how defi projects and dex exchanges doing great. Most of people don't know about Uniswap exchange few months ago but now this is one of the biggest dex exchange in crypto space. Many well known crypto genius even binance CEO told before that dex will be rule the crypto world in future and it seems that time already stared.
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Twinkledoe
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August 20, 2020, 09:24:28 PM |
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Dex still have lot of problem but i think dex is the future platform for trade. Past few weeks we saw how defi projects and dex exchanges doing great. Most of people don't know about Uniswap exchange few months ago but now this is one of the biggest dex exchange in crypto space. Many well known crypto genius even binance CEO told before that dex will be rule the crypto world in future and it seems that time already stared.
Don't trust too much about this Uniswap exchange. They may be doing good right now because of the DeFi hype but once dust settled, I don't think it will still be the same. I have the feeling that this exchange will be full of crap projects later on. As they can accept every project that wants to be listed and no filter whatsoever, the time will come that worthless tokens will pile up on top of another. I still believe that we need some criteria in this market, especially that scammers are everywhere in this industry. So I still vote for CEX.
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wxa7115
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August 21, 2020, 05:54:25 PM |
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wow, that is a very impressive volume, arguably the largest volume in DEXs ever. But let's look back, Uniswap has increased volume a lot based on the recent Defi trend and it is only a tool for investors to buy, in addition, the main activity of investors or whales is still in exchanges. I think this is just a temporary explosion of Uniswap and if the Defi trend ends then everything will be back to the beginning. so do not fomo on Dex, it will never replace Cex.
We do not really need that DEXs replace CEXs we need for them to become a viable alternative for those that want to trade with a decent amount of capital, some time ago I remember that I tried to buy bitcoin in one of those DEXs and the volume was so low that it was simply not worth my time, and I must say that I do not really have a lot of money to buy bitcoin, so it seems that things are changing and that is good. However as you say I really think that what it is happening is that people are getting too excited about this DeFi trend and this will be a problem because I do not see how this can be maintained over the long term and this means that a crash in the volume of DEXs is inevitable.
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gentlemand
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August 21, 2020, 06:10:25 PM |
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As far as I know they can leave domains after all they do have Apps for IOS and android just like bitsdaq and blocknet they can leave domains because they can be installed locally. Its hard for them to be located by users though if they won't have a webpage. The projects in the past run like this back in the days where only wallets are to be downloaded from megaupload links.
Going from a site to an app is just swapping one form of vulnerability and centralisation for another. There'll still be back ends that can be accessed and messed with. The natural place for this is on chain or baked into the reference wallet. No idea how easy or hard that is. Maybe not too sexy for marketing purposes though.
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abel1337
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August 21, 2020, 08:08:00 PM |
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Dex still have lot of problem but i think dex is the future platform for trade. Past few weeks we saw how defi projects and dex exchanges doing great. Most of people don't know about Uniswap exchange few months ago but now this is one of the biggest dex exchange in crypto space. Many well known crypto genius even binance CEO told before that dex will be rule the crypto world in future and it seems that time already stared.
Don't trust too much about this Uniswap exchange. They may be doing good right now because of the DeFi hype but once dust settled, I don't think it will still be the same. I have the feeling that this exchange will be full of crap projects later on. As they can accept every project that wants to be listed and no filter whatsoever, the time will come that worthless tokens will pile up on top of another. I still believe that we need some criteria in this market, especially that scammers are everywhere in this industry. So I still vote for CEX. I believe that this hype will eventually turn the events like what happened in dex hype from a couple of years ago also there's a very good chance that shit project will take advantage of this hype. I just hope that this hype will turn good for the whole crypto community and the whole crypto itself. For now we can just ride the trend and also take advantage of it as a trader, This can be a good opportunity for some of us.
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gbrendeh
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August 21, 2020, 09:45:57 PM |
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That will be the dream of most traders as the CEX collect much information from trader which is against the anonymity of the blockchain revolution.
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Strongkored
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August 22, 2020, 03:10:49 AM |
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Dex still have lot of problem but i think dex is the future platform for trade. Past few weeks we saw how defi projects and dex exchanges doing great. Most of people don't know about Uniswap exchange few months ago but now this is one of the biggest dex exchange in crypto space. Many well known crypto genius even binance CEO told before that dex will be rule the crypto world in future and it seems that time already stared.
Looks great because DeFi hype, prices go up significantly which definitely makes volume look high, not because it can provide new innovation to DEX, when DeFi starts to fade there will definitely be a decrease in volume before there are new projects types that being trend.
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leyton11
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August 22, 2020, 06:23:03 AM |
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It seems that the Defi trend is helping investors to understand the value of Dexs. I cannot predict anything but after the events of ICO investing through Dex will change the view of many people about Dex. This will be great for future Dex developers, as future ICO projects will raise capital through Dex channels and this is an opportunity for them. Hopefully there will be some Dex emerging after this Defi trend, our market will diversify.
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grizmoblust
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August 22, 2020, 03:56:09 PM |
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It seems that the Defi trend is helping investors to understand the value of Dexs. I cannot predict anything but after the events of ICO investing through Dex will change the view of many people about Dex. This will be great for future Dex developers, as future ICO projects will raise capital through Dex channels and this is an opportunity for them. Hopefully there will be some Dex emerging after this Defi trend, our market will diversify.
A lot of DEX have appeared in recent times and Uniswap can be seen as a decentralized exchange being targeted by many Defi projects. I believe DEX will dominate CEX soon someday but it will definitely take a lot of time. However, there are still some investors who prefer to trade at CEX as these exchanges have more ways of making money.
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bitgolden
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August 23, 2020, 05:28:35 PM |
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I believe that there are times when Dex and other stuff gets hyped and become bigger, and there are times the hype dies down and they are no longer interesting, same happens over and over again, eventually dex will grow a lot bigger, and I mean really a lot but that doesn't mean Cex are staying put neither, they are doing quite good for themselves.
Hopefully with over time people will be capable of actually making better decisions about which one they want to use not based on emotions but based on facts and that way they could at least know why they are getting into it. Just because there is some defi that you want to participate and it is on a dex doesn't mean that you are going to use Dex for the right reasons, that is using it for the defi and not for the exchange itself and a wrong reason.
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Johnyz
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August 23, 2020, 10:57:04 PM |
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That will be the dream of most traders as the CEX collect much information from trader which is against the anonymity of the blockchain revolution.
But until now DEX is not that good compare to CEX and despite KYC is being collected on KYC, users have no more choice but to comply or else they will not qualify to use the services of CEX. DEX has a chance to be on top, we just need a better developer so they can offer to us a greater service not unlike the DEX that we have right now where listing a token is super easy.
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Wawa2013
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August 23, 2020, 11:38:37 PM |
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What happened to Uniswap exchange is the effect of DeFi projects that are currently hype. But it is still too far to conclude that DEX will dominate CEX in the near future, because there are still many shortcomings that DEX currently has. So we give time to DEX develop even better. But I agree that someday DEX can beat CEX, but it will take a while.
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milewilda
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August 23, 2020, 11:54:23 PM |
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I believe that there are times when Dex and other stuff gets hyped and become bigger, and there are times the hype dies down and they are no longer interesting, same happens over and over again, eventually dex will grow a lot bigger, and I mean really a lot but that doesn't mean Cex are staying put neither, they are doing quite good for themselves.
Hopefully with over time people will be capable of actually making better decisions about which one they want to use not based on emotions but based on facts and that way they could at least know why they are getting into it. Just because there is some defi that you want to participate and it is on a dex doesn't mean that you are going to use Dex for the right reasons, that is using it for the defi and not for the exchange itself and a wrong reason.
There would always be a reason why people do consider other places and this do example out with the new DeFi hype. Dex is getting another recognition or attention which do really make its volume sore up but as mentioned that this hypes do eventually die down and would go to the casual stuff on where people do end up on using centralized platforms because they can able to switch up crypto to fiat which isnt or cant be made with decentralized platforms but having these Dex will really be a good choice for those people who do really give out importance when it comes to anonymity but to know the fact that centralized exchange doesnt necessarily for you to pass up Kyc.
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TheUltraElite
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September 01, 2020, 05:13:24 AM |
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Don't trust too much about this Uniswap exchange. They may be doing good right now because of the DeFi hype but once dust settled, I don't think it will still be the same. Uni had a good private funding. So it does not matter to them whether the DeFi season ends or not. They will make money, pay off their employees and investors and then back off once the dust settles. Point is that it is an exchange and you cannot say that an exchange is scam because they list these tokens, that is childish to do. I have the feeling that this exchange will be full of crap projects later on. Which exchange out there is not full of crap tokens? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) As they can accept every project that wants to be listed and no filter whatsoever, the time will come that worthless tokens will pile up on top of another. Etherdelta:ERC tokens = Uniswap:DeFi ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I still believe that we need some criteria in this market, especially that scammers are everywhere in this industry. So I still vote for CEX. That we can all agree on. But the point is that even after so many years of scams happening, we need to be careful to know where to put our money. That is what I feel should be given more stress. Scams are everywhere but to know which one is legit is tough. The simpler thing is to just buy bitcoin and hold that for mid-long term.
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mersal
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September 01, 2020, 07:05:45 PM |
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Every shitcoin is getting oversold in Uniswap due to defi so the volume also getting increasing day by day but soon there will be an end to this madness.The real decentralized exchanges are still lacking the volume and there is no way for them to dominate the volume of exchange like binance.
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cryptothreads
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September 03, 2020, 10:58:30 AM |
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Every shitcoin is getting oversold in Uniswap due to defi so the volume also getting increasing day by day but soon there will be an end to this madness.The real decentralized exchanges are still lacking the volume and there is no way for them to dominate the volume of exchange like binance.
Now a lot of coins are listed at Uniswap and are a new force in this market. As I know, recently Defi projects are attracting a lot of big investors and according to new data, the capitalization in Defi projects has reached $2 billion. This is a staggering number and I expect it to grow even higher over the next few months.
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