DEX must take over

[Reid]

Binance is almost a DEX if you are not going thru KYC but the limit will be 2 BTC.
That's okay for me. But not everyone agrees with that.
You will need to abide by the law if you want to go further.

Issues like tax evasion and money laundering were why DEX's cannot be approved in different countries.
Which leads to just using CEX without a given option.
Consider the support also. When you create one without volume then it will not be populated.
I am using IDEX before but I need to switch if I want movement with my profits.

[Princejebs]

Decentralized exchanges need to take over centralized exchanges in the future, going fully decentralized is what makes more sense around crypto, centralized exchanges can be controlled by the law and government, I heard court is asking users data from centralized exchanges too, just imagine if all exchanges in crypto space are all DEXs, I know that DEX has its flaws too but it's safer than centralized exchanges

Do you have any link to back up your claim?
Why do you think many traders stick to centralized exchanges despite growth and trend of Dexes in 2020.
I can't speak generally for all centralized exchanges but I can assure you that binance has been one of the amazing exchange I use with their unique features.

• You can withdraw fiat from cex if you are verified, don't tell me you will keep holding tokens from wallet to wallet.You will definitely need to sell and hence you still need to be verify to exchange tokens to fiat even on p2p platform.
• Some incentives to keep the volumes coming such as trading competition for traders and holders. Decentralized exchanges don't have most of these features.

I think we can now conclude what has merit has it's ow Demerit.

[Greatchu]

I'm sure that centralized exchanges  will still have a place in crypto space for many years to come, it can't be denied that centralized exchanges have the highest liquidity and volumes this is one big problem for DEX, what DEX offers is security but lacks every other things, Centralized exchanges like binance are expanding their platform making crypto more easier to acquire around the world, right now binance exchange beat every single exchanges in crypto world.

[SirLancelot]

Decentralized exchanges need to take over centralized exchanges in the future, going fully decentralized is what makes more sense around crypto, centralized exchanges can be controlled by the law and government, I heard court is asking users data from centralized exchanges too, just imagine if all exchanges in crypto space are all DEXs, I know that DEX has its flaws too but it's safer than centralized exchanges

I do not think that they "must" take over. They could take over because they look like they are pretty good but the fee structure kills it for now. Uniswap for example is better than any other exchange I have ever seen yet when it comes to exchanging via uniswap you pay a lot of fee and that is why it may not get too much traction in the future.

Why it became huge was the liquidity providing, when a lot of bad coins or low level coins figured out a way to sell their coins and get out of it, people did that at first and got rid of all the useless coins they had, sometimes even for a loss because of the fees but they still wanted to get rid of it. That caused the initial launch to have a lot of volume, now it is much lower than that but still quite high. I assume if fee's could be managed, they can take over.

[tycsols]

Decentralized exchanges need to take over centralized exchanges in the future, going fully decentralized is what makes more sense around crypto, centralized exchanges can be controlled by the law and government, I heard court is asking users data from centralized exchanges too, just imagine if all exchanges in crypto space are all DEXs, I know that DEX has its flaws too but it's safer than centralized exchanges

Yes, dexdefinitely goes with the concept of the cryprocurrencies but to be honest i am in favor of a hybrid structure just because some people will exploit dexes and scam. Just like we have seen people raising funds for scam projects at uniswap and then rug pulling so truly decentralized system can carry its own disadvantages as well.

[cosmofly]

There are 2 options for us to evaluate Cex or Dex better. The question is can you afford the very high fees at Dex? In addition to the high cost, where the volume is also very low, the analysis also becomes very difficult.
Personally, I would choose Cex. Even though they hold the money of all of us we can still choose reputable exchanges so our assets are less risky, the choice is the Binance exchange.
They have an insurance fund to prevent when investors lose too much money, they can still compensate. Plus they have a lot of trading functionality and the fees are extremely low. They also opened a nationwide OTC service.
There is so much convenience in Binance, so why do we choose Dex for?

[thesmallgod]

You are only considering one side which is the issue of government regulations and secure of your wallet but you have failed to realized that DEX have low liquidity due to less traders. Many proclaimed DEX are not totally DEX and many of them require exorbitant transaction fee which make me prefer large CEX platform that tend to be better. My experience using etherdelta is the worst I've witnessed in crypto

[lunnatic]

DEX may be the future of our industry but for this they need even more users than now

DEX industry will continue to grow, this is the market front, and very safe,
look at Uniswap the only DEX that is able to compete with other exchanges,

[Silberman]

Decentralized exchanges need to take over centralized exchanges in the future, going fully decentralized is what makes more sense around crypto, centralized exchanges can be controlled by the law and government, I heard court is asking users data from centralized exchanges too, just imagine if all exchanges in crypto space are all DEXs, I know that DEX has its flaws too but it's safer than centralized exchanges

I think that most people in the forum will agree with your feelings about this topic, but people are not going to adopt decentralized exchanges just because of an ideology, and what better example of this than bitcoin, the growth in adoption that we are seeing from bitcoin coming from institutional investors is not coming from the ideology behind bitcoin, they are seeing that governments are printing a lot money and they are looking for a way to store their wealth and they are finding in bitcoin a good option to do it, they are being pragmatic about it, and if we want people to adopt decentralized exchanges then they need to become better than their centralized counterparts and until they do so very few people are going to use them.

[optimisticcm]

Decentralized exchanges need to take over centralized exchanges in the future, going fully decentralized is what makes more sense around crypto, centralized exchanges can be controlled by the law and government, I heard court is asking users data from centralized exchanges too, just imagine if all exchanges in crypto space are all DEXs, I know that DEX has its flaws too but it's safer than centralized exchanges

The fact of the matter is that dexes cannot be mass adopted till the time when they start offering better interface, better speed, better features, better opportunities and better volumes as compared to centralized exchanges so without these developments and requirements dex supremacy will remain a dream.

[24Kt]

Decentralized exchanges need to take over centralized exchanges in the future, going fully decentralized is what makes more sense around crypto, centralized exchanges can be controlled by the law and government, I heard court is asking users data from centralized exchanges too, just imagine if all exchanges in crypto space are all DEXs, I know that DEX has its flaws too but it's safer than centralized exchanges

The fact of the matter is that dexes cannot be mass adopted till the time when they start offering better interface, better speed, better features, better opportunities and better volumes as compared to centralized exchanges so without these developments and requirements dex supremacy will remain a dream.

Hard to maintain good liquidity as most DEXs have a lot of crap tokens. So once the pump and dump is over for that token, there will be no more trading volume afterwards. And the cycle goes on for every token listed. Very few quality projects can sustain their trading volume in DEX. And so dex can't compete with centralized exchanges, at least with CEX, if your coin is good and at the top, they can sustain their trading activity in longer basis.

[ekeh]

We are in the Era of technology, which really required changes, through upgrade decentralized cryptocurrency exchange platform into dex exchange for a higher version platform, with a high speed internet operating system for any given transaction.

[jossiel]

Decentralized exchanges need to take over centralized exchanges in the future, going fully decentralized is what makes more sense around crypto, centralized exchanges can be controlled by the law and government, I heard court is asking users data from centralized exchanges too, just imagine if all exchanges in crypto space are all DEXs, I know that DEX has its flaws too but it's safer than centralized exchanges

The court can ask anything if the business is established within its country range. And as usual for centralized exchanges, they'll give everything the court is asking to them and they need to provide it without questioning.

It can be related to investigation, theft, taxation and other personal matters.

DEXs are still not yet getting much attention. But as long as they'll remain and we have set of choices, we'll never know someday if the choice of the people will change and getting from CEXs to DEXs.

[Psynthax]

DEX may be the future of our industry but for this they need even more users than now

If they need more users than they are now, then the DEX developer should provide an even more attractive touch for everyone so that their users can easily increase from now onwards.

The problem of the dex is less attractive compared with the CEX. We can make a comparison between CEX and DEX. CEx was also offering various staking feature, launch pool, IEO launchpad and various things while dex was only offering some main features that also owned by the CEX. DEX needs a lot of improvements before it will take over the CEX's position.

[viananda2525]

Decentralized exchanges need to take over centralized exchanges in the future, going fully decentralized is what makes more sense around crypto, centralized exchanges can be controlled by the law and government, I heard court is asking users data from centralized exchanges too, just imagine if all exchanges in crypto space are all DEXs, I know that DEX has its flaws too but it's safer than centralized exchanges

uniswap now do this , and we wait another decentralized exchanges do the same thing with uniswap. the keys is feature and services, if centralized exchanges could provide this feature like decentralized exchanges, i am sure traders prefer use CEX . this limitation so far be obstacle for CEX to attract new user . but uniswap slowly could realized our hope,

[smyslov]

Decentralized exchanges need to take over centralized exchanges in the future, going fully decentralized is what makes more sense around crypto, centralized exchanges can be controlled by the law and government, I heard court is asking users data from centralized exchanges too, just imagine if all exchanges in crypto space are all DEXs, I know that DEX has its flaws too but it's safer than centralized exchanges

UNISWAP is now leading the way for decentralization just look on the volume so many users are now using UNISWAP, there are some risk trading on decentralized exchange and this is what newbies or first timers should know, there are also fake tokens on decentralized exchange this is something that newbies should be aware of.

Maybe in the future we'll have more decentralized exchange like UNISWAP.

[suzanne5223]

Decentralized exchanges need to take over centralized exchanges in the future, going fully decentralized is what makes more sense around crypto, centralized exchanges can be controlled by the law and government, I heard court is asking users data from centralized exchanges too, just imagine if all exchanges in crypto space are all DEXs, I know that DEX has its flaws too but it's safer than centralized exchanges

Is it completely understand that 90% of all cryptocurrency enthusiast and investors cherished their privacy which is the reason why I believe centralized exchange are the perfect exchange for the crypto community but the last time  I checked centralized exchanges are not providing satisfactory service.

[Shasha80]

I doubt DEX will succeed in replacing CEX, because DEX cannot cashout crypto to fiat. And there are still many people who are
comfortable trading on CEX platforms, because we can trade crypto with fiat pairing and the profits we get can be transferred
directly to your bank account. So it is better if DEX and CEX go together and complement each other.

[aditasetia123]

Decentralized exchanges need to take over centralized exchanges in the future, going fully decentralized is what makes more sense around crypto, centralized exchanges can be controlled by the law and government, I heard court is asking users data from centralized exchanges too, just imagine if all exchanges in crypto space are all DEXs, I know that DEX has its flaws too but it's safer than centralized exchanges

Is it completely understand that 90% of all cryptocurrency enthusiast and investors cherished their privacy which is the reason why I believe centralized exchange are the perfect exchange for the crypto community but the last time  I checked centralized exchanges are not providing satisfactory service.

and only decentralized could provide it, if we need privacy in our trading this is be option but we need another services which is not provided in cex maybe we will sacrifice our personal data when registering in dex. which is be more important for us ? privacy or features that support our trading activity?

[boltz]

Platforms like Blocknet , Komodo , Stakenet are already taking over slowly and steady over the market even if the price does not reflect it at the moment. People usually don't like the idea of doing KYC in order to deposit/withdraw coins and I find myself in this situation aswell where I stopped using CREX24 and other exchanges because I simply don't see the point of doing KYC just to trade my coins. The only centralized exchange I'm still using is Bittrex because it's old enough in order to trust it.