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Author Topic: defi exch trading vs normal exch trading  (Read 324 times)
techptcl786
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September 02, 2020, 06:05:04 AM
 #1

whats the difference b/w normal exch trading & defi exch   trading ??
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September 02, 2020, 06:46:57 AM
Merited by The Pharmacist (1)
 #2

Was this posted in meta as an example of what to expect from an account that's more than 10 months old has nearly 300 posts and not a single merit.

Learn where to post your questions. Move this to Trading Discussion

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September 04, 2020, 11:19:17 AM
 #3

whats the difference b/w normal exch trading & defi exch   trading ??

try reading a little about the defi ecosystem yourself.
I see great promise for decentralized exchanges in the future. Real decentralized exchanges always have a code above the law.
No one can block or confiscate your funds, but read this:
https://bitcointalk.org/index.php?topic=5247581

Start with this topic, the main sites are written at the beginning, this is enough to get the necessary information
https://bitcointalk.org/index.php?topic=5198245.0

and be sure to read the book:

https://landing.coingecko.com/how-to-defi/

"How To DeFi
Decentralized Finance (DeFi) is fast disrupting the traditional financial sector. How To DeFi is a must-read book for anyone looking to understand DeFi. It is packed with simple explanations and step-by-step guides to help you understand and get started in this fast-developing ecosystem."


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September 04, 2020, 11:22:28 AM
Merited by nelson4lov (1)
 #4

In summary:

With custodial or "normal" exchange trading, you send over your funds to wallets these exchanges control. Making trades instantaneous, but leaving your funds more susceptible to hacks.

On the other hand, with non-custodial or "defi" exchange trading, you're going to use and connect your non-custodial wallet(e.g. Metamask, MEW, etc) to these non-custodial exchanges for you to be able to exchange your coins/tokens. Downside being you're going to make an on-chain transaction after every trade(which can be slow and costly, because fees), but with an advantage of putting your funds at less risk of hackings.

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September 04, 2020, 07:42:23 PM
 #5

The truth is.. I would have DeFi exchange if its supports margin trading and if the Transaction fees are not high. But for now, I prefer the normal exchange because its a little bit faster. I only know that with time, DeFi will lead although the DeFi exchange trading volume is currently higher than most Centralized exchange. But it's still new.
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September 05, 2020, 10:08:11 AM
 #6

DeFi exchange is not a really new term. Most of the times it refers to a dex with its own governance token, or none at all.

I only know that with time, DeFi will lead although the DeFi exchange trading volume is currently higher than most Centralized exchange. But it's still new.
That won't come if atomic swap is not widely supported. Most DeFi/decentralized exchanges lacks volume due to its limited usage. Uniswap is just rising in action due to the DeFi hype. Before, the volume is not that great compared to other dexes.

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September 23, 2020, 05:03:07 PM
 #7

The truth is.. I would have DeFi exchange if its supports margin trading and if the Transaction fees are not high. But for now, I prefer the normal exchange because its a little bit faster. I only know that with time, DeFi will lead although the DeFi exchange trading volume is currently higher than most Centralized exchange. But it's still new.
Decentralized exchange allows traders to trade any token available which is the reason why number of project on defi platform was increased and made the trading volume to reach the new high on decentralized exchanges.Anyway now people started to realize a bit about the defi hype but still people were in the dream of getting another airdrop like UNI by continuous usage of DExs.

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September 28, 2020, 01:41:57 AM
 #8

defi hypes a lot for now, so as for me, huge volumes helps to earn more. But still defi platfroms are too young and unstable, so i prefer to use traditional trading. besides, just cex.io just announced Defi platform and there will be a possibility to purchase defi tokens with fiat money
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September 28, 2020, 02:13:36 AM
 #9

besides, just cex.io just announced Defi platform and there will be a possibility to purchase defi tokens with fiat money

You can already purchase these "defi" tokens through a lot of centralized exchanges though. Wrapped Bitcoin(wBTC) and Uniswap(UNI) are some of these so called "defi" coins, and they already have fiat pairs on Bitfinex.

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September 28, 2020, 11:05:56 AM
 #10

defi hypes a lot for now, so as for me, huge volumes helps to earn more. But still defi platfroms are too young and unstable, so i prefer to use traditional trading. besides, just cex.io just announced Defi platform and there will be a possibility to purchase defi tokens with fiat money
yeah i also heard about that, just read somewhere that has cex.io 0% deposit fee for instant card buying crypto as a promo for defi platform running
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September 28, 2020, 11:46:55 AM
 #11

Good point here to say is that many people forget that these so called Defi exchanges are actually DEXs,,, no different. And many Defi are actually centralized companies whose smart contracts are not even truly open source. Many people are investing without not knowing what is going on and trusting companies.

No different from exchange trading except the promise of self custody.

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September 28, 2020, 04:31:10 PM
 #12

Good point here to say is that many people forget that these so called Defi exchanges are actually DEXs,,, no different. And many Defi are actually centralized companies whose smart contracts are not even truly open source. Many people are investing without not knowing what is going on and trusting companies.

No different from exchange trading except the promise of self custody.

Well, actually there is a difference between how trading happens on centralized exchanges and DeFi Exchanges.

Centralized Exchanges are always order-book based. There is no other mechanism for those to work except buyers placing buy orders and sellers placing sell orders and market getting matched somewhere between the two.

However, DEX (currently popularly called DeFi Exchanges) can be of two types. One order-book based, like IDEX. But it's second type of exchanges i.e. Liquidity based which are getting high traction lately. In liquidity-based exchanges, liquidity providers deposit two different Ethereum tokens at specified price which creates market pair of the two and now buyers can buy any of the two by sending the other to the Smart Contract. The exchange rate of the market pair depends upon which of the two getting more buyers. Liquidity Providers in return share the fees on every purchase.

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September 28, 2020, 04:43:48 PM
 #13

The difference is that with DEFI, its owned by the community that if you provide liquidity to any pair, you get to profit every time swapping occurs while on the normal exchanges relies on the number of traders willing to buy and sell in the platform and they are the only that will profit thru the trading fees.

In DEFI, the bigger the amount you are going to buy or sell, you will be on the priority order. Just some of the things I noticed there.




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September 28, 2020, 09:58:49 PM
 #14

In summary:

With custodial or "normal" exchange trading, you send over your funds to wallets these exchanges control. Making trades instantaneous, but leaving your funds more susceptible to hacks.

On the other hand, with non-custodial or "defi" exchange trading, you're going to use and connect your non-custodial wallet(e.g. Metamask, MEW, etc) to these non-custodial exchanges for you to be able to exchange your coins/tokens. Downside being you're going to make an on-chain transaction after every trade(which can be slow and costly, because fees), but with an advantage of putting your funds at less risk of hackings.
The explanation above is clear and simple to understand. If you wish to read further about DeFi and the related exchange platforms and how they differ from the rest you could do so here.

This is a well written article that I think rounds up several points new people need to be aware and understand about DeFi and how it fits to the rest of the crypto market.





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nelson4lov
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September 28, 2020, 10:25:32 PM
 #15

In summary:

With custodial or "normal" exchange trading, you send over your funds to wallets these exchanges control. Making trades instantaneous, but leaving your funds more susceptible to hacks.

This post by @mk4 pretty much sums everything up about trading on decentralized (or DeFi) exchanges and the centralized ones. It's worth noting that trading on DeFi exchanges (aka token swaps) offers more control to the user and puts the power back in the hands of the community. Most DeFi DEXs have governance to maje sure of that.

defi hypes a lot for now, so as for me, huge volumes helps to earn more. But still defi platfroms are too young and unstable, so i prefer to use traditional trading. besides, just cex.io just announced Defi platform and there will be a possibility to purchase defi tokens with fiat money

True that. DeFi is currently being hyped the same way ICOs were hyped back in 2017 and early 2018. So if it's a bubble, It'll eventually gets burst. I've seen some ridiculous APYs which I think won't be sustainable in the long run.


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September 28, 2020, 10:57:07 PM
 #16

The truth is.. I would have DeFi exchange if its supports margin trading and if the Transaction fees are not high. But for now, I prefer the normal exchange because its a little bit faster. I only know that with time, DeFi will lead although the DeFi exchange trading volume is currently higher than most Centralized exchange. But it's still new.

Few months back when I was actively keeping tabs on the DeFi ecosystem, I came across this project named bzx protocol it does have the margin trading feature but back then it was still in development phase so probably by now it must have been launched since news are the platform has fully relaunch although experiencing some bugs at the moment due to some flaw in the code resulting to hacking taking getting their hands on some funds although the insurance policy is keeping everyone finds safe.

In regards to the defi exchange questions, although their isn't much differences between the so called DeFi exchanges like Uniswap and DEXs (that's decentralized exchanges) since both are decentralized in nature but that if DeFi have others features that makes it very interested to trade with like the farming feature, providing of liquidity for the exchange and in return get some compensation etc. In general DeFi exchanges are an upgrade to the average dex we had existing.

The volumed of DeFi related exchanges can't be compared to that of your average dex. If there was any believe that the decentralized exchange can chase the centralized exchanges out of business, Uniswap and its like just strengthen that believe.

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September 29, 2020, 04:08:12 PM
 #17

Buying and selling to trade DeFi coins has a very big risk for asset loss, but on the other hand, you are very fast to get profit in a short time, not many people try their luck with brani taking that risk.

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September 29, 2020, 08:09:39 PM
 #18

Was this posted in meta as an example of what to expect from an account that's more than 10 months old has nearly 300 posts and not a single merit.
This thread's a bit old, but I missed it before and I would have thought what you wrote but probably wouldn't have expended the energy criticizing OP.  Looks like he never came back to discuss any of the replies...typical.

I don't know much about DeFi exchanges, but I've tried learning a little bit about what DeFi is and it still kind of perplexes me.  The way I see it is that it all comes down to lending, and there are all of these little twists to that basic premise that apparently make some people a lot of profit.  What I also know is that it's the hot new thing--and that makes me even more skeptical than I would normally be.  Most of us know the route ICOs took through the course of crypto history, and I'm afraid DeFi appears to be following that path.

Buying and selling to trade DeFi coins has a very big risk for asset loss, but on the other hand, you are very fast to get profit in a short time
Right, just like ICOs.  Be one of the first ones to sell your tokens and you might do well.  It's a big gamble, and I question whether DeFi actually performs anything useful. 

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September 30, 2020, 05:47:17 PM
 #19

whats the difference b/w normal exch trading & defi exch   trading ??

Defi is mostly a Decentralized exchange while other exchange use centralised . The difference the dex is you need to import your wallet to that exchange so you can start trading while in normal exchange you have provided address that you can use to deposit in that address before you can start trading .

Other things is regulation therec are centralised  exchange that are following governmenr rules If they found that you have malicious trade you need to verified your self by sending identification that they asked while in Dex they will not ask it .

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October 01, 2020, 02:19:08 AM
 #20

Learn about Impermanent Loss in context of DeFi, it is the underlying theory of how DeFi actually works.

Cex will always have better depth imho, as you can place orders in limit while Dex pools act as Market orders in liquidity pools, which depend on arbitrageurs to balance out any difference in price between Cex and Dex pools.

Hope this helps, if u r a noob who is happy complying to regulations and all, then go for Cexes.

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