centralized-vs-decentralized-exchange

[gina1980]

So first let’s talk about, what is a cryptocurrency exchange? A cryptocurrency exchange is an online platform where you can buy and sell cryptocurrencies using any type of currency. Please read the blog and share your opinion ...

So which one is better?

Compare to centralized exchanges, decentralized provides better security to its users. Decentralized exchanges charge less fee for using the service. The payments methods in a decentralized exchange are different as compared to centralized exchanges, as the user get the choice to pay in multiple.......

https://blog.coinbaazar.com/centralized-vs-decentralized-exchange/

[TalkStar]

So first let’s talk about, what is a cryptocurrency exchange? A cryptocurrency exchange is an online platform where you can buy and sell cryptocurrencies using any type of currency.

If i am not wrong then your are trying to drive some visitors on your site rather then looking for information and public opinions. I just checked you post history and interesting thing is that in most of your replies you are using the same website link.

For me you are creating this kinda topic on a regular basis just for marketing purpose of your website.  

[Upgrade00]

This thread would be better fit in the exchange subsection;
Marketplace > Service Discussion > Exchanges
Going through the article I think a bit more information could be added and some wrong ones corrected;

some of the features of Centralized exchange
1. Provides more feature than decentralized
2. Faster compared to decentralized
3. Very popular among traders

*'Provides more features than decentralized' is a bit vague, the author could have listed out some of the features offered on various exchanges for comparison as both types offer different unique services.
* There was also a conflict on speed of transactions, as is says under decentralized exchanges that: "The transactions are instant whereas on centralized it depends on buying and selling of people,"

If you're going to shill a website, a lot more work could be put in to make the articles more accurate and detailed.

[gina1980]

So first let’s talk about, what is a cryptocurrency exchange? A cryptocurrency exchange is an online platform where you can buy and sell cryptocurrencies using any type of currency. Please read the blog and share your opinion ...

https://blog.coinbaazar.com/centralized-vs-decentralized-exchange/

If i am not wrong then your are trying to drive some visitors on your site rather then looking for information and public opinions. I just checked you post history and interesting thing is that in most of your replies you are using the same website link.

For me you are opening this kinda topic on a regular basis just for marketing purpose of your website.   

 i read its blog and share with people , so we can share our knowledge with each other , this is for information , and its always good to be informed .

[Jawhead999]

Next time don't create a thread by just sharing the link, at least you gave some opinion about that article.

In addition, a decentralized exchange charges a very low fee for using the platform. Here are a few examples of decentralized exchanges Coinbaazar, Paxful, Localcryptos etc.

some of the features of decentralized exchange
No risk of hacks and other fraud
User has the control of the account
Very minimal charges
Require less personal information

Even though the DEXs charges a low fee, people are free to place the price order (which is make the price more higher than unusual). DEXs is very safe from getting hacked or attacked, but the problem is there're many scammer right there. You could see many people selling Bitcoin very cheap by using PayPal. Remember don't trade Bitcoin with Paypal directly since it's easy to reversed, unless he's trusted.

[gina1980]

Next time don't create a thread by just sharing the link, at least you gave some opinion about that article.

In addition, a decentralized exchange charges a very low fee for using the platform. Here are a few examples of decentralized exchanges Coinbaazar, Paxful, Localcryptos etc.

some of the features of decentralized exchange
No risk of hacks and other fraud
User has the control of the account
Very minimal charges
Require less personal information

Even though the DEXs charges a low fee, people are free to place the price order (which is make the price more higher than unusual). DEXs is very safe from getting hacked or attacked, but the problem is there're many scammer right there. You could see many people selling Bitcoin very cheap by using PayPal. Remember don't trade Bitcoin with Paypal directly since it's easy to reversed, unless he's trusted.

I can understand your point , but dex exchanges like  localcryptos, coinbaazar  and others are protected by escrow , and there is no boundation of releasing btc unless you are satisfied , there is always a chance to dispute trade , which can be further taken care...

[gina1980]

This thread would be better fit in the exchange subsection;
Marketplace > Service Discussion > Exchanges
Going through the article I think a bit more information could be added and some wrong ones corrected;

some of the features of Centralized exchange
1. Provides more feature than decentralized
2. Faster compared to decentralized
3. Very popular among traders

*'Provides more features than decentralized' is a bit vague, the author could have listed out some of the features offered on various exchanges for comparison as both types offer different unique services.
* There was also a conflict on speed of transactions, as is says under decentralized exchanges that: "The transactions are instant whereas on centralized it depends on buying and selling of people,"

If you're going to shill a website, a lot more work could be put in to make the articles more accurate and detailed.

why some guys like you are always negative , when something informative comes to you , there is a difference which you might understood correctly , let me explain , on dex the transactions are instant , which i got it as suppose you want to buy bitcoin through bank transafer , u just transfer money and the moment it reflects, the bitcoins are in ur wallet right away, ...thats why it said transactions are instant , same goes with other payment methods like gift card , flight tickets booking , mobile money etc.

[Wysi]

I appreciate your efforts to spread the knowledge across as this would be helpful for some newbie but at the same time please ensure it's in details, I don't care if you are driving traffic to your blog as long as it's helpful for others. I have checked your blogs and I would recommend you to add more details to the content apart from the basic differences.

[Quidat]

So first let’s talk about, what is a cryptocurrency exchange? A cryptocurrency exchange is an online platform where you can buy and sell cryptocurrencies using any type of currency.

If i am not wrong then your are trying to drive some visitors on your site rather then looking for information and public opinions. I just checked you post history and interesting thing is that in most of your replies you are using the same website link.

For me you are creating this kinda topic on a regular basis just for marketing purpose of your website.  

This is a forum in  the first place where anyone can post up neither advertising their own link or what.If you dont like his method of advertising then put him on ignore.
On topic about CEX vs DEX. We cant deny that DEX is what is majority been longing for but due to lack of fiat involvement then thats the main problem that you would need to face.
If we do try to look at on the current condition or popularity of DEX which is way lower than CEX one then i do see this as a main reason on why majority is been sticking
out with those centralized ones.Well its just understandable that we do need up conversions with fiat plus do able to make transactions neither depo or withdraw.

[seoincorporation]

After reading the article i was thinking about the pros about the decentralized one:

-Very minimal charges
-Require less personal information

If they charges for the transaction and ask personal information then they are not descentralized. Someone is getting a profit from the business and someone is saving data from the customers on a database, and for me that is not what descentralization means.

[sunsilk]

So which one is better?

The verdict depends to the trader or user. There will be instances that you will be mostly satisfied with centralized exchanges and there will be times that you won't. And vice versa for the decentralized exchanges.

The #1 feature of DEX based on that article says that there is "no hacks and frauds". I wouldn't say that there will be no hacks nor frauds, it's still possible even in DEXs. A hacker can exploit it once he founds a loophole.

[Harlot]

So first let’s talk about, what is a cryptocurrency exchange? A cryptocurrency exchange is an online platform where you can buy and sell cryptocurrencies using any type of currency. Please read the blog and share your opinion ...

https://blog.coinbaazar.com/centralized-vs-decentralized-exchange/

If i am not wrong then your are trying to drive some visitors on your site rather then looking for information and public opinions. I just checked you post history and interesting thing is that in most of your replies you are using the same website link.

For me you are opening this kinda topic on a regular basis just for marketing purpose of your website.   

 i read its blog and share with people , so we can share our knowledge with each other , this is for information , and its always good to be informed .

TalkStar has a point most of your recent posts are about coinbazaar. You even created a thread titled "Just Google COINBAAZAR.COM P2P EXCHANGE or put COINBAAZAR on google play store" and I think you are heavily promoting this website with the body of your thread. Aside from that your topic right now about centralized vs decentralized exchanges leads you to the conclusion about decentralized exchanges being better which coinbaazar is also a decentralized exchange. For me I'm leaning towards more that you are promoting the website rather than sharing knowledge as what you claim.

[gina1980]

So first let’s talk about, what is a cryptocurrency exchange? A cryptocurrency exchange is an online platform where you can buy and sell cryptocurrencies using any type of currency. Please read the blog and share your opinion ...

https://blog.coinbaazar.com/centralized-vs-decentralized-exchange/

If i am not wrong then your are trying to drive some visitors on your site rather then looking for information and public opinions. I just checked you post history and interesting thing is that in most of your replies you are using the same website link.

For me you are opening this kinda topic on a regular basis just for marketing purpose of your website.   

 i read its blog and share with people , so we can share our knowledge with each other , this is for information , and its always good to be informed .

TalkStar has a point most of your recent posts are about coinbazaar. You even created a thread titled "Just Google COINBAAZAR.COM P2P EXCHANGE or put COINBAAZAR on google play store" and I think you are heavily promoting this website with the body of your thread. Aside from that your topic right now about centralized vs decentralized exchanges leads you to the conclusion about decentralized exchanges being better which coinbaazar is also a decentralized exchange. For me I'm leaning towards more that you are promoting the website rather than sharing knowledge as what you claim.

check all my threads carefully , i read and share their blogs so people can get knowledge , if anyone of you can come across such blogs and share rather than just pointing fingers ....that will be good for community .,.,.moreover its a blog , not an offer for someone to use this or that exchange ,,,its just for information and sharing knowledge ...so people can have a better understanding ....

[stompix]

Besides the obvious shilling which would turn away everyone that thought of giving your exchange a try there is one thing that needs to be mentioned.

Your exchange is not a DEX. It's a centralized p2p exchange.

And two advantages you've mentioned are pure bs:

User has the control of the account

Which is a lie:

There are certain situations when Coinbaazar may need to suspend, limit or terminate your account

No risk of hacks and other fraud

Which is a second lie:

Coinbaazar makes no warranties of any kind, whether express or implied, in relation to the site or the services, including but not limited to, implied warranties of satisfactory quality, functionality, fitness for a particular purpose, non-infringement, compatibility, security, accuracy, condition or completeness, or any implied warranty arising from course of dealing or usage or trade.

[gina1980]

Besides the obvious shilling which would turn away everyone that thought of giving your exchange a try there is one thing that needs to be mentioned.

Your exchange is not a DEX. It's a centralized p2p exchange.

And two advantages you've mentioned are pure bs:

User has the control of the account

Which is a lie:

There are certain situations when Coinbaazar may need to suspend, limit or terminate your account

No risk of hacks and other fraud

Which is a second lie:

Coinbaazar makes no warranties of any kind, whether express or implied, in relation to the site or the services, including but not limited to, implied warranties of satisfactory quality, functionality, fitness for a particular purpose, non-infringement, compatibility, security, accuracy, condition or completeness, or any implied warranty arising from course of dealing or usage or trade.

are you alright , it happens with other exchanges as well like localcryptos and paxful also , please dont mention something which everyone know , u r not that clever , moreover most of p2p exchanges are dex

[stompix]

are you alright , it happens with other exchanges as well like localcryptos and paxful also , please dont mention something which everyone know , u r not that clever , moreover most of p2p exchanges are dex

I might not be clever but you're no genius either, just think one second if you are able to do it.

If tomorrow your hosting company or your domain registry cancel your hosting or your domain, will people still be able to use your "decentralized" service? No, of course, because the central point of it, the core has been shut down!
Localbitcoins is a p2p exchange, it's not a decentralized exchange.

A decentralized exchange is bisq, read, and learn:
https://bisq.network/faq/#how-bisq-different

[gina1980]

are you alright , it happens with other exchanges as well like localcryptos and paxful also , please dont mention something which everyone know , u r not that clever , moreover most of p2p exchanges are dex

I might not be clever but you're plain...
Just think one second if you are able to do it.

If tomorrow your hosting company or your domain registry cancel your hosting or your domain, will people still be able to use your "decentralized" service? No, of course, because the central point of it, the core has been shut down!
Localbitcoins is a p2p exchange, it's not a decentralized exchange.

A decentralized exchange is bisq, read, and learn:
https://bisq.network/faq/#how-bisq-different

Please check the difference in the blog ... thats what it is meant for , first of all stop referring my domain , just because i like this exchange and its blog,  doesnt really mean it belongs to me , moreover , we are not here to debate on what coinbaazar and bisq are ,  its a blog about centralized exchange vs decentralized exchange , its not only for pros , but also for beginners as mentioned by someone earlier ,,,,you need to get the intent of this blog , which is sharing knowledge

[Darker45]

So which one is better?

~snip~

The #1 feature of DEX based on that article says that there is "no hacks and frauds". I wouldn't say that there will be no hacks nor frauds, it's still possible even in DEXs. A hacker can exploit it once he founds a loophole.

History tells us that decentralized exchanges are not immune to hacks. So it is definitely not true that decentralized exchanges automatically mean there are no hack threats or even a possibility of successful hacks.

The once popular Etherdelta was a victim to a hack. If I'm not mistaken, even the decentralized exchange Bisq was also attacked by a hacker who got away with cryptocurrencies worth hundreds of dollars.

[sunsilk]

So which one is better?

~snip~

The #1 feature of DEX based on that article says that there is "no hacks and frauds". I wouldn't say that there will be no hacks nor frauds, it's still possible even in DEXs. A hacker can exploit it once he founds a loophole.

History tells us that decentralized exchanges are not immune to hacks. So it is definitely not true that decentralized exchanges automatically mean there are no hack threats or even a possibility of successful hacks.

The once popular Etherdelta was a victim to a hack. If I'm not mistaken, even the decentralized exchange Bisq was also attacked by a hacker who got away with cryptocurrencies worth hundreds of dollars.

But they need to clear that. They've made an article and says as if there's immunity for DEXs. It is true about Bisq, a hacker exploited the exchange but they've also fixed the issue.

News: Hacker Exploits Flaw in Decentralized Bitcoin Exchange Bisq to Steal $250K

[Renampun]

different interests then different answers...
I am actively trading and much more comfortable trading on CEX than DEX. CEX tends to have real-time volume whereas DEX does not. as a trader I prefer CEX.