Both centralized exchanges and dex arent perfect

[RussianEnglishTranslation]

If a token has liquidity on an AMM like Uniswap it offers the best of both worlds, instant trades, liquidity, no KYC. The issue the industry is trying to get around right now is impermanent loss. If you provide liquidity to a pool you can lose money easily. Some pools are incentivized to reduce this risk, like MTA.

[montaga]

- No trading fees
- No brokers
- No liquidation fees
- No Deposit Fund

INCREDIBLE $0.01 TRADES!!!  

https://www.youtube.com/watch?v=hfC3oHPrg6g

[coin-investor]

Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?

I prefer decentralized exchange for the simple reason that we are safe trading here our vital information is safe and it conform to what Satoshi Nakamoto is preaching which is decentralization and anonymity, maybe in the future we will have 5 top decentralized exchange that can compete with the top centralized exchange in the industry, so traders will have a wide choice where they opted to trade.

[aemma]

Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?

We humans are not even perfect, therefore I think it is somehow justifiable not to expect a perfect system but however trying as much as we can to manage the situation or imperfect system while maintaining the highest form of security and due diligence we can think of. Also, there is something to know, and that is, although centralized exchanges are not secure they can still be used to achieve our aims, moreover most centralized exchanges are now supporting fiat currencies, which now gives people more opportunity to access cryptocurrencies. In the case of decentralized exchanges, although there is no good volume and so on, but it can also be leveraged on to achieve our trading aims, moreover you do not need to worry a lot about security be it in terms of users data or assets, which is of course the most important.
Therefore, what I can only suggest is, accept the imperfect system, make the best use of it and in each case, maintain the highest form of security because you are the only one responsible for it.

[Bitstar_coin]

Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?

Unfortunately no place else to run to, you can either accept and deal with the lapses of either of them or don't trade, even if you decide to go the p2p way that too is risky because you have no idea who you are dealing with and what they are capable of,
At the end users will have to weigh which option is much beneficial to them, to be honest I prefer to use the cex than the dex for the obvious reasons, regardless of the kyc process.

[mersal]

Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?

So the choice is yours whether you want security of your private details or just want to save maximum fees while trading cryptos. Well decentralized exchanges can gain more trading volume if people choose DEX to trade their funds than centralized exchanges but the fees factor may not get better when trading on DEX.

[New_order]

On CEX data can be breached and hacks can still take place, on DEX side it's not the same as there isn't any data to be compromised, users can trade tokens without any form of verifications, but CEX owns the majority of volumes and liquidity in whole crypto space and also good trading can only happen on CEX, so for security reasons it's better to choose DEX but for better trading experience CEX wins

[tyz]

Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?

I partly agree with you. Both have their advantages and disadvantages. However your mentioned disadvantages of decentralized exchanges are mostly because they are not used that often. If more user would use decentralized exchanges volume will increase of course and spreads will narrow down. The high trading fees are only an issue of some platforms which are mostly based on Ethereum, Waves-based decentralized exchanges for example do have relatively low fees. Also the lack of good interface does not hold for all decentralized exchanges.

[nightflightcourt]

Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?

what about atomic swap or a swap service like uniswap? the only problem should be on the fees but it has a very big daily trade volume, the user's data will not be exposed or never.
It's also much more safer compared with centralized exchange site. I remember some cex are feeling worried if uniswap can become a real competitor for cex.
There's also a thing that called atomic swap too.

BTC/ETH Lightning swaps and ETH 2 should make Stakenet DEX and Uniswap v3 serious contenders 

[lixer]

Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?

Yup, that’s accurate, both DEX and Centralized exchanges have their own advantages and disadvantages, they are all good in their own ways and bad in the other.

I think the reason why a lot of people are not making use of decentralized exchanges is because they are not aware of the kind of dangers they are exposed to while making use of them. Then there are some who are aware of these risks, but the reason they don’t want to use decentralized exchanges is because they can’t keep their keys safe, so they use CEX to avoid that responsibility. And possibly high fee is another thing.

[CashbackLover]

As if there is any choice left, you have to manage either one of the two and accepts their flaws, centralized exchanges seem to have the upper hand over DEX because they are the best for crypto traders, unlimited volumes and liquidity, this is why DEX is still lagging behind today

[Sebas.tian]

Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?

As you can see, both CEX and DEX have their own problems which i think are the ones that i think make up for the user. Obviously when you use a service you will always get asked to accept their rule. The problem i have is that i find it a bit inconvenient to use on DEX the fee is usually very high (uniswap).

They both have their unique problems and for me particularly i prefer to use the centralized cryptocurrency exchanges than the decentralized exchanges. One of them is their fees, which i seen very difficult for me to use the decentralized exchanged, although there are good side of these two, convenient and total freedom. Decentralization give absolutely freedom while centralization also give conveniences for those without privacy in mind.

[takngantuk]

CEX = KYC
DEX = no trading volume

which of the two is good?
I compromised more with CEX, because I had no problem with KYC. Maybe I have fear because my personal data is not safe. but as long as I choose an exchange with good safety and quality. I'm okay with KYC.

right now I don't really like DEX. especially with uniswap, i had a bad experience expecting this exchange. and after all the high transfer fees are also one of the reasons why I dislike DEX.

[istiak2277]

They both have their advantages and disadvantages. I would like to use CEX because they are fast, full of various features and services, heavy trading volume, and good customer support. But if you are concern about your account security and want to place this priority on the top then DEX is perfect for you. You just need to bear higher trading fees and slow trade execution.

[wxxyrqa]

Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?

As you can see, both CEX and DEX have their own problems which i think are the ones that i think make up for the user. Obviously when you use a service you will always get asked to accept their rule. The problem i have is that i find it a bit inconvenient to use on DEX the fee is usually very high (uniswap).

They both have their unique problems and for me particularly i prefer to use the centralized cryptocurrency exchanges than the decentralized exchanges. One of them is their fees, which i seen very difficult for me to use the decentralized exchanged, although there are good side of these two, convenient and total freedom. Decentralization give absolutely freedom while centralization also give conveniences for those without privacy in mind.

And nevertheless, the creation of decentralized cryptocurrency exchanges has a very good idea and real opportunities to translate their plans into reality, but I would not like the new Dex to follow the path of forkdelta and etherDelta, which practically destroyed themselves.

[krisnajsadrak]

Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?

but the most important thing from decentralized exchange is safer right ? because for me security is the most important thing in this industry
and we don't need to pass our KYC in dex right buddy ?

[pealr12]

CEX = KYC
DEX = no trading volume

which of the two is good?
I compromised more with CEX, because I had no problem with KYC. Maybe I have fear because my personal data is not safe. but as long as I choose an exchange with good safety and quality. I'm okay with KYC.

right now I don't really like DEX. especially with uniswap, i had a bad experience expecting this exchange. and after all the high transfer fees are also one of the reasons why I dislike DEX.

I think it is worst not to have a trading volume because you won't be able to sell or trade properly so I would rather have my kyc done and be able to trade with the right amount of volume, dex are good as decentralise exchange but the major problem is volume which is very important to trade, and yes I also don't like uniswap because of high transaction fee but it is the only dex with high volume as it is.

[sarmrakib]

Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?

I think it is more better to use Dex wallet where are my data will not be exposed but the fees is the fact here .I think it is better to use Dex it is not exactly that we can't find the volume on Dex plz go Uniswap you will find there huge amount of volume .

[FireBallex]

Both CEX and DEX have to work together to find the way forward, there is not point getting rid of one for another when they both have few disadvantages, look at binance team, they went ahead and build binance DEX, even if centralized exchanges are exposing data tomorrow due to SEC or the government asking for users data we can switch easily to binance DEX, I try respect binance CEO, he supports crypto with all his might

[optimisticcm]

Centralized exchanges can easily expose users data but they have the best platform for traders, highest volumes etc and on the other hand Decentralized exchanges have nothing to do with users data, pretty more safer than centralized exchanges but lacks good interface and also has high trading fee and of course lacks good volume, is there any where else to run to ?

Since there launch and massive adoption i have become a fan of decentralized instant swap platforms like uniswap. I just want them to list and trade any token without the need of liquidity like the traditional dexes allow or maybe uniswap as a company itself shouldprovide some liquidity for all new tokens or similar solutions should be there so everyone and every token becomes tradable.