Cryptocurrency trading platform

[sajedul islam]

Cryptocurrency trading is the most popular investment method in the current market. There are many trading platforms for crypto trading. Such as Binance, Kucoin, Bittrex, Poloniex etc. Among them I trade Binance trading platform, Binance is currently one of the best centralized trading platforms for cryptocurrency trading,
For example, the centralized trading platform is Binance, Kucoin
And decentralized trading platforms are Nash, Ether Delta, Binance DEX, Idex
Now I want to know which decentralized trading platform is better than Cryptocurrency trading platform or decentralized trading platform, which means which centralized and decentralized trading platform can be more secure.

[danherbias07]

The first paragraph was great but the last one where it is more important gets confusing.

You already mentioned exchanges which are centralized and decentralized.
Why not just pick there?
Binance as one of the trusted centralized exchange.
Then, Idex for me as most trusted decentralized exchange but its limited with Ethereum and altcoins which are mostly ERC20.
Another problem is the volume.

[carlfebz2]

A little bit confusing in regards into your last question on which one is secure.Overall i dont really much trusting up on storing up my coins or in terms of security specially on centralized exchangers.
If you do mind of about safety then we do know that Dex's would really have the advantage but we know that volume/liquidity isnt really that great compared to centralized ones.

Dex dont have the feature on dealing up with fiat to crypto or crypto to fiat transactions this is why its already anticipated to have this kind of result or difference among the two but atleast
we do already have some options to take and its just a matter of choice but remember on the risk involved when storing or trusting up these platforms.

Binance is currently the best when it comes to Cex but for Dex i dont really mind that much since its been a while that i do lastly make use of this.

[jossiel]

Binance DEX and IDEX are not entirely decentralized exchange platform.

Cryptocurrency trading is the most popular investment method in the current market. There are many trading platforms for crypto trading. Such   which centralized and decentralized trading platform can be more secure.

Worrying about the hack? both of them are prone to be attacked if they won't keep their security as tight as always. In the past, several hacks from cex and dex were made so both of it can be an apple to the eye of hackers if they won't maintain regular updates with their security. But as for Binance, I'm sure they've learned from the recent hack happened to them.

[chaser15]

Now I want to know which decentralized trading platform is better than Cryptocurrency trading platform or decentralized trading platform, which means which centralized and decentralized trading platform can be more secure.

I will try to rephrase it;

1) which decentralized trading platform is better than Cryptocurrency trading platform (you mean centralized?) - NONE.

2) which decentralized trading platform is better than decentralized trading platform (maybe the best DEX?)-  BISQ PLATFORM.

3) which centralized and decentralized trading platform can be more secure (you mean, who has the better security?) - of course, DEX that's why it called DEX in the first place. But those popular centralized also have good security although still prone to hack even by less chance.

Binance DEX for me will not work as a 100% decentralized exchange in the future.

[Renampun]

Now I want to know which decentralized trading platform is better than Cryptocurrency trading platform or decentralized trading platform, which means which centralized and decentralized trading platform can be more secure. ?

hahaha, this is the most confusing part you ask...

Binance Dex, IDEX, Uniswap and Bancor are DEXs with very good security levels for me. while for CEX; Binance, Kucoin, AND Huobi are very safe in my opinion.

[sheenshane]

Now I want to know which decentralized trading platform is better than Cryptocurrency trading platform or decentralized trading platform, which means which centralized and decentralized trading platform can be more secure.

In Decentralized exchange(DEX) we consider it is safe and more secure, the same as Centralized exchange(CEX) but in CEX it varies on the reputation they had. Reputable CEX is considered as safe as of now but doesn't store your fund for a long term purpose.

But the difference is the liquidity in both of them, it means volume the chances you will earn profit and that is the difference between CEX and DEX.

Here is the thread that explain your the difference between the DEX and the CEX and you can choose which exchange better for you.
List of Decentralized/Centralized Exchanges

[senyorito123]

The first paragraph was great but the last one where it is more important gets confusing.

You already mentioned exchanges which are centralized and decentralized.
Why not just pick there?
Binance as one of the trusted centralized exchange.
Then, Idex for me as most trusted decentralized exchange but its limited with Ethereum and altcoins which are mostly ERC20.
Another problem is the volume.

Most volumes shown in other exchanges has no legit information, some of them are boot and not a realtime trading graph. That's unfair to most traders, because every project needs people to cooperate with the progress of each and every coin. Without any actual participation, I think every investors won't build trust on a certain project. Trading platform is very important, well popularity wise is also the main key to achieve it.

[rhomelmabini]

Right now, of all of DEXs I'd prefer Uniswap but for sure there will be next in line for this DEXs that'll will emerge. Though there's a surge of DEXs by now I think CEXs are still be the one to be stand atop, with volume of course even for few more years.

DEXs are the future exchanges but can we really get that when these exchanges are really getting good money from this industry? I think not, these business minded people will not be gone for good considering how much profit they can get for it.

[TGD]

Right now, of all of DEXs I'd prefer Uniswap but for sure there will be next in line for this DEXs that'll will emerge. Though there's a surge of DEXs by now I think CEXs are still be the one to be stand atop, with volume of course even for few more years.

Uniswap is the top volume DEX right now but the expensive transaction fee and slow order confirmation is killing all the traders on Uniswap. This is the common disadvantage of DEX because all transaction is on chain which force them to wait for transaction confirmation before the order execute compared to CEX that all transaction is instant with a minimum transaction without price slippage. The only advantage of DEX right is they are fully decentralized but soon it will be left behind again once there issue on speed and fee didn't sold just like what happened on ETH momentum when they can't handle the Cryptokitty volume. They should do the transaction off-chain so that it will be fast and cheap while still being decentralized. Maybe ETH v2.0 is the key for this concern.

[Yaunfitda]

I'm not really sure if Binance DEX is truly decentralized though,  The problem with DEX is that they lack liquidity as compare to CEX that's why more traders still used CEX despite that high risk of "not your keys, not your coin' paradigm. Again, there's no such thing as "more secure" in crypto, everyone has been a target, from CEX->DEX. It's just how you practice your security hygiene that will make you less vulnerable to such hacks.

[maxreish]

Now I want to know which decentralized trading platform is better than Cryptocurrency trading platform or decentralized trading platform, which means which centralized and decentralized trading platform can be more secure.
 

 It's a bit vague to understand your question here but correct me if I'm wrong.
 Are you asking if which of those two are more secured? Whether centralized or decentralized exchange trading platforms?
 
 If so, when it comes to securing your KYC, decentralized exchange can handle that one since kyc is not necessary and not to worry about your identity, etc.
 
 But i saw some keypoints comparison from this website.
 
 
 
 Hope it somehow satisfied your question.

[rajnish2470]

my vote is too for binance, most user friendly and their customer support is awesome

[hugeblack]

The use of decentralized platforms is more about privacy than being more secure. It is true that we cannot properly compare the security of centralized and decentralized platforms, but in general, central platforms are safer.

If you are looking for privacy, decentralized platforms are the solution, but privacy has a price. As the trading volumes are not high, there are not so many currencies, and you cannot achieve the same profits that are achieved on the central platforms.
Therefore, the purpose of use is what determines the right type for you.

[YOSHIE]

For example, the centralized trading platform is Binance, Kucoin
And decentralized trading platforms are Nash, Ether Delta, Binance DEX, Idex

which means which centralized and decentralized trading platform can be more secure.

if you ask a secure platform all the platforms you mention are safe and the KYC process.

Now you can make your choice to use it, Binance, Bittrex, Poloniex, and Kucoin, all of these platforms are used by members here, now it's your turn to choose, everything is safe.
You have the freedom to use it.

[maydna]

It is difficult to answer because the answer will vary as we might use many exchanges. When we choose the exchanges, what we need is convenient and comfortable to trade in those exchanges. No matter if that is CEX or DEX, if we really like those exchanges, we will follow every step they want, including filling the KYC, which most of us avoided. Binance will be the choice for most people, whether they do KYC or not, because binance has good security and always try to protect their members.

But besides Binance, we have many other exchanges that we like, and we choose that exchange because we can trade without any problem, we like the exchange, and we think that the exchange is simple and easy to use for us.

[thesmallgod]

I think you are a bit confused about centralized and decentralized trading platform without emphasis, I will suggest you learn the difference by reading this detail article https://hackernoon.com/cex-vs-dex-which-crypto-exchange-model-is-best-1dfcf80f4221 Binance you mentioned is a centralized platform and according to CMC, it is rated as the best trading platform based on daily volume and active traders. Decentralized platforms include etherscan index, uniswap Bancor. Etc. From experience I enjoyed trading erc20 token on etherscan but most of them have low liquidity and transaction fee are too high

[pawanjain]

To be honest well reputed Centralized crypto trading platforms are better than decentralized trading platforms.
Decentralized trading platforms are good in terms of security but lack other aspects such as liquidity and support.
Binance is the best centralized exchange and Bisq is the better one in decentralized exchanges.

[rodskee]

To be honest well reputed Centralized crypto trading platforms are better than decentralized trading platforms.

I agree with you, though centralized exchange needs to provide KYC if happened that you are using huge amount of
investments.

Decentralized trading platforms are good in terms of security but lack other aspects such as liquidity and support.

Volumes and liquidity is where the traders are after, they are more actions inside CEX in terms of movements and that's
the advantages of reputable CEX exchange.
They have lots of participants both investors and traders are supporting the platforms knowing that they can execute
whatever trading practice they've got.

Binance is the best centralized exchange and Bisq is the better one in decentralized exchanges.

No question about binance as most of us are satisfied with how this exchange performed.

[btc_angela]

The use of decentralized platforms is more about privacy than being more secure. It is true that we cannot properly compare the security of centralized and decentralized platforms, but in general, central platforms are safer.

I don't think the centralised platforms are more safer, and more about privacy. Everyone of them will require you to pass KYC and then there is the threat of hackings. But there are exchanges like Binance that are SAFU protected.

If you are looking for privacy, decentralized platforms are the solution, but privacy has a price. As the trading volumes are not high, there are not so many currencies, and you cannot achieve the same profits that are achieved on the central platforms.
Therefore, the purpose of use is what determines the right type for you.

The only thing with decentralised platform are only minority traders are using it, resulting in a very low volume. So the flow or exchange are going to be very slow because it doesn't have that liquidity in the first place.