Centralized Exchange And Decentralized Exchange

[Nyben]

Good evening Ladies and Gentle,
As an emerging cryptocurrency, which platform is the best to list on for the benefit of both developers and investors?

[uchegod-21]

For the benefit of developers?
Can you develop a centralised exchange on an open source code? I am not a pro, asking to know.

Generally, I am always comfortable with a project when I know that it isn't controlled by an individual or a group of people. I feel safer when it's decentralized.

[jackg]

Dexes are generally preferred for information about a project because they're more transparent and trackable (there have been allegations some centralised exchanges manipulate information on the volumes of coins traded).

Dexes have higher trading fees thougb when compared with cexes so it's best to list on as many places as possible (especially if it's developed to be used on ethereum).

[Yogee]

As an emerging cryptocurrency,

I thought you're also a dev that recently launched a token but the doesn't seem to be the case.

which platform is the best to list on for the benefit of both developers and investors?

You can list tokens on different "decentralized" exchanges without paying for listing fee unlike on many centralized exchanges. The problem is the trading fees as jackg mentioned but it shouldn't be a big problem on networks like BNB Chain and other Ethereum alternatives.

[Bitcoin_Arena]

The type of exchange you feel more comfortable with. Both have advantages and disavantages

Centralized exchange
Pros
1. High liquidity
2. Low trading fees

Cons
1. Can block user funds and demand for KYC
2. Some have very high listing fees
3. High withdrawal fees for some asses
4. Users could easily lose money if the exchange shuts down

Decentralized changes
Pros
1. Users have control of their funds
2. No KYC
3. No exaggerated withdrawal fees
4. No listing fees

Cons
1. Low liquidity and trading volumes
2. High trading fees due to high chain gas fees

[Piesel]

For the benefit of developers?
Can you develop a centralised exchange on an open source code? I am not a pro, asking to know.

Generally, I am always comfortable with a project when I know that it isn't controlled by an individual or a group of people. I feel safer when it's decentralized.

We are thinking in the same direction, I believe most investors will prefer a decentralized platform since it shows some level of trust and also points to the fact that nobody will be.in control of your investment and they're not held by third parties, both centralized and decentralized exchanges offer similar services but then the decentralized exchange will still witness higher patronage

[Dave1]

I think it's all about KYC and liquidity. Obviously, CEX will ask for you to do a KYC, but they have liquidity.

On the other hand, DEX, no documents to produce, pure P2P, and you have control of your coins as you have the PK.

So it's really just a matter of which one you prefer, and it's really very difficult to pick I would say. Others wanted to protect their privacy, but it's very very hard to trade on DEX.

[kaseygriffin]

Good evening Ladies and Gentle,
As an emerging cryptocurrency, which platform is the best to list on for the benefit of both developers and investors?

A good product from a developer will always attract potential investors, and it must be really useful and not through hype. And different exchanges should also be considered as a tool to see if users can easily access them, if only looking at the quality of ex to find opportunities, I find it very hype.
I see nowadays most projects are easily accessible to different exchanges, so if there is no good product, listing and pumping is only a short-term trend.

[terciduk123]

The type of exchange you feel more comfortable with. Both have advantages and disavantages

Centralized exchange
Pros
1. High liquidity
2. Low trading fees

Cons
1. Can block user funds and demand for KYC
2. Some have very high listing fees
3. High withdrawal fees for some asses
4. Users could easily lose money if the exchange shuts down

Decentralized changes
Pros
1. Users have control of their funds
2. No KYC
3. No exaggerated withdrawal fees
4. No listing fees

Cons
1. Low liquidity and trading volumes
2. High trading fees due to high chain gas fees

Add a little opinion, DEX is more transparent than CEX. because sometimes in a centralized exchange there is a lot of fake trading volume, especially in some unpopular exchanges. It is different from DEX, whose trading volume can be monitored for authenticity.

[bittraffic]

While there are more pros to DEX, there are fewer people using DEX.

We can compare all these to the list of dex and exchanges with just its volume.
CEX https://coinmarketcap.com/rankings/exchanges/ 
DEX https://coinmarketcap.com/rankings/exchanges/dex/

It may not just be transparency or security that are the most important for developers and investors to consider in trading and investing but the popularity of the project that will result in a high value. Many of the developers will prefer thier tokens to be listed on CEX like Binance which traders/investors are also going.

[fuguebtc]

It is not dependent on the centralized or decentralized exchange, but rather it is dependent on the reputation of the exchange on which the project is listed. If it is listed on the top exchanges, there is no doubt that it will prove to be a very promising project .

Nowadays, people tend to use centralized exchange more instead of DEX, CEX in my opinion is simple, easy to use and transaction fee is said to be much cheaper than DEX, but the problem with CEX is that we don't own our assets at all.

[bonyaserg]

From my personal experience, I can say that a decentralized exchange is better for me. And I can also say that a decentralized exchange is more in demand among many investors and also for a new cryptocurrency that will have a listing on a decentralized exchange. The decentralized exchange is very user-friendly.

[hichamito37]

Good evening Ladies and Gentle,
As an emerging cryptocurrency, which platform is the best to list on for the benefit of both developers and investors?

Centralized exchanges still dominate the market, for example a token listed on binance would be a potential token and its future is highly appreciated.

Decentralized exchanges are the solution for those who don't like centralization but it is not yet popular because it is more difficult to use and risky for inexperienced investors.

[Wexnident]

DEX would probably win in a general consensus since the release is open to the public, letting users themselves judge whether the exchange is worth it or not. Just that Centralized exchanges would probably offer a lot more QOL at the cost ofc of some things, such as KYC, which I think a LOT of people don't mind, or regardless if they DO mind, they'd still use it just because it'd probably be a lot easier on their part compared to using DEX. There's also the issue of fees which vary so take that into consideration as well when picking between two.

[Charles-Tim]

As an emerging cryptocurrency, which platform is the best to list on for the benefit of both developers and investors?

You will have an official noncustodial wallet or probably your coin is built on existing blockchain like ethereum blockchain, I think that is what that most matters. You can first list your coin on a decentralized exchange, but later, for more adoption, you will also have to list it on centralized exchanges. There have been many successful projects like that.

[trendcoin]

As a user, I prefer decentralized exchanges, but decentralized exchanges will not be easy for you to constantly generate volume. Your wallet movements can give you away. You can't washtrade. But you will not have such problems in centralized exchanges. You can easily do any kind of backdoor job. To reiterate, I as a user prefer decentralized exchanges...

[icalical]

Ideally, decentralized exchange should be popular among the people who like the decentralized stuff (crypto community), but decentralized exchange also means high gas fee, less promotion and bonuses, and this makes less people want to use decentralize exchange, which led to the other problem which is low volumes. So, if there is a solution for high gas fee it could solve half of the problem of decentralized exchange.

I personally mainly use Binance and Indodax (Indonesian Exchange), the only dex I used is PancakeSwap and thats like once in a month or two.

[Jawhead999]

Binance for investors, learn about Dexswap for developers. To save money will be safer in a central exchange. So far, Binance is the best, very suitable for investors who really want to keep assets ready to invest.

It's good to save more money since they charge less fees than decentralized exchange, but centralized exchange is never a safe place to hold your coins. Actually centralized exchange is the worst place to hold your coins including Binance or other top exchange.

while dexswap is a simple exchange but vulnerable to security, here we have to be careful with what is connected to our wallet, because it could be a virus to gain access to the wallet.

Not all DEX is actually DEX, I'd say those DEX which run beside BTC network is still centralized since it can be hacked.

[hd49728]

As a user, I prefer decentralized exchanges, but decentralized exchanges will not be easy for you to constantly generate volume. Your wallet movements can give you away. You can't washtrade. But you will not have such problems in centralized exchanges. You can easily do any kind of backdoor job. To reiterate, I as a user prefer decentralized exchanges...

Decentralized exchanges give you more freedom. You own keys of your coins but with decentralized exchanges, scams are more common with rug pulls. Scam teams can raise funds, add liquidity on DEX, and after they sell their team token, they make rug pulls to exit. You can not find them and your token will have zero value after a rug pull.

For centralized exchanges, you can have better trading volume and less risk of rug pull. However, one of worst things on centralized exchanges is you don't own keys of your coin. If a CEX exits, you lose your coin too.

DEX: rug pull.
CEX: scam exit.

And on CEX, you might lose your personal documents from KYC too.

[shinratensei_]

at the end of the day, everyone gonna use the centralized exchange since that's where the volumes are. the new coins are using dex because that's the only thing that's easy to get listed since these new coins usually have low volume.
but if they have the chance to get in the centralized exchange they'd definitely take the chance since most of the traders are there, and that's where the big trading volumes are.