Can DEX Replace CEX as the Future of Crypto Trading?

[dansus021]

Can DEX Replace CEX as the Future of Crypto Trading? My answer will be NO.

Because both of them has plus and minuses I know that a lot of people said that Centralized Exchange is bad and we don't have control over our money but in some government only Cex that can comply with government I mean as a "legal" exchange while Dex will not going to get the license because they are basically decentralized

Tho to country who ban bitcoin and there is no rule about crypto Decentralized Exchange will always be the number one exchange that comes to privacy and security.

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[wxa7115]

Why would anyone ever think Centralized exchange would replace decentralized exchange in the future. The only way I see that happening is if government takes over crypto-currency which I think would be impossible.

The advantages Decentralized exchange has over centralized exchange is much and I think the only reason anyone is using centralized exchange is due to the way they understand crypto-currency. An experienced person in the ecosystem would readily for decentralized exchange because of the privacy protection they can get from it over centralized exchanges

Decentralized exchanges are going to have some problems becoming as popular as centralized exchanges as they have a huge advantage when it comes to volume, market share, brand recognition and many other aspects, so even if the advantages of decentralized exchanges are obvious to us, this is not the case for the newbies which are just entering this market.

As more than anything what they are looking for is a platform which is easy to use and in which they can buy their coins for a minimal fee, and centralized exchanges excel at both of those aspects.

[slaman29]

It's got nothing to do with license, it's got nothing to do with self custody and safety etc. People honestly don't care or don't know about these things.

People want to have the easiest experience. Signing up in 1 step with Google. Recovery with email if necessary.

Nobody I know loves to open up a wallet, remember the seed phrase and then have the worry of keeping their own wallet safe which is absolutely what you need to do to use a DEX. Those using DEXs are like us, or are people who want to chase some kind of Defi dream.

Even among Bitcoin people, so few use DEX, including me. I still just use CEX to sell BTC as it's the easiest.

[tjtonmoy]

There are many decentralized exchanges available on the market and they are doing quite well. They have created a good reputation in the past few months. So while having them, what makes this one so unique and secure? What's your success rate and what have you achieved in the past? If you are unable to provide proof about them, no one will trust you just based on your words. This and that, this is what we do exceptional, this makes us special, cut the crap man. We just want something simple and user-friendly.

Something that gets the job done and does it easily. Nothing fancy that we need to learn about in order to use it. Just keep it simple. If you want to sell your thing, then make it something that people will buy based on its working ability, and not based on some random guy's opinion/word like this.

[armanda90]

I don't think with all trader are happy trade their assets with DEX than using CEX Exchange, do you know with how much fees transaction has top pay when using DEX as exchange for trading? I don't think worth for trader with short term trading and try earn profit in daily day have spent much fees transaction trough trading with DEX Exchange.

I think CEX exchange is better place for trading than DEX, not sure exactly with many new DEX exchange are launching every day but without one year announced about they close operation. So far, CEX exchange looks secure and easy for trading with feature limit order for selling or buying and looks DEX not available with this feature.

[teosanru]

DEX are slow, very slow infact when it comes to actual day trading or real time trading. This is one of the main reason why they have consistently failed till now and all other exchanges have been able to win the race. I think even fees one can manage if it's under 0.5% or the value of transaction but eventually pace is everything when it comes to trading, you need real AMM and actual trade happening around in exchanges, you want your market orders to always get executed, no one wants it just to become a reference order for AMM to put their bid/ ask around that amount.

[Fivestar4everMVP]

I should have known that all the energy put into setting this thread up was no other than just to promote a dex that is basically unknown and may not even be what it claims to be..

That aside, in as much as I love and prefer to carry out most of my trading activities on dexs due to the several challenges bothering cexs of since inception, for the sake of those who are not as learned and find it rather hard comprehending or understanding the intrics to trading successfully on dexs, I am of the opinion that cex and dex Co - exist, but I do hope dexs get bigger than how big cexs are currently and will be even in the future.

[@sriyan]

Yes. It is possible in the future. But the decentralized exchanges must handle the following problems

1. Liquidity Problem: DEX has lower liquidity than CEX. Liquidity is mandatory for trading.

2. Less User experience: CEX has more user-friendly interfaces rather than DEX.

3. Less Regulatory compliances: DEX has fewer regulatory safeguards than centralized exchanges. Because centralized exchanges are using the KYC process to protect the users.

[tbct_mt2]

Can DEX Replace CEX as the Future of Crypto Trading? My answer will be NO.

Because both of them has plus and minuses I know that a lot of people said that Centralized Exchange is bad and we don't have control over our money but in some government only Cex that can comply with government I mean as a "legal" exchange while Dex will not going to get the license because they are basically decentralized

Tho to country who ban bitcoin and there is no rule about crypto Decentralized Exchange will always be the number one exchange that comes to privacy and security.

Decentralized exchanges are like altcoins with doxed founders and developers. If they launch their projects publicly and reveal their identities, their decentralized exchanges are not decentralized. When governments want, they can arrest those developers and shut down those exchanges. So operating or not, it is very centralized on the founder team and core developer team and more important governments.

Only this is enough to say DEX will not replace CEX after many years in future. Governments will never let their citizens to use DEX and they lose their citizen income tax too and lose control on their citizen financial flows.

[palle11]

Why would anyone ever think Centralized exchange would replace decentralized exchange in the future. The only way I see that happening is if government takes over crypto-currency which I think would be impossible.

I don't think if government takes over cryptocurrency or cex exchanges that people will patronize it more than Dex. In fact it appears that Dex is not very much in use now or popular but if the government come up with policy to acquire cex then you will see more people living cex to patronize Dex, this is because of trust. Government is not trusted with the people, people already avoid KYC because of the believe that government could have them if they want so to have cex under government control directly, more people won't patronize cex. They would rather go with Dex if that happens.

[death69]

There are many decentralized exchanges available on the market and they are doing quite well. They have created a good reputation in the past few months. So while having them, what makes this one so unique and secure? What's your success rate and what have you achieved in the past? If you are unable to provide proof about them, no one will trust you just based on your words. This and that, this is what we do exceptional, this makes us special, cut the crap man. We just want something simple and user-friendly.

Something that gets the job done and does it easily. Nothing fancy that we need to learn about in order to use it. Just keep it simple. If you want to sell your thing, then make it something that people will buy based on its working ability, and not based on some random guy's opinion/word like this.

Isn't that the point of having rivals? It paves the way for the development of novel goods and services that address specific customer requirements. While putting the needs of the consumer first is important, we must not lose sight of the creativity these transactions represent.

Isn't it true that the parameters you raise - "unique" and "secure" - are what define the development and expansion of these transactions? They may improve the blockchain ecosystem by expanding the range of possible transactions and boosting safety. In today's quickly developing cryptosphere, simplicity is no guarantee of efficacy. Is it possible, then, that the majority does not share your desire for simplification?

[iBaba]

As far as I am aware, decentralised exchanges (DEX) have recently gained popularity as an alternative to centralised exchanges (CEX). While CEXs remain the most popular platform for trading cryptocurrencies, DEXs may provide you with a lot of benefits such as decentralisation, lower fees, security, and anonymity.

However, because of their simple and intuitive user interface, CEXs are often more user-friendly than DEXs. CEXs frequently provide a variety of tools and services that make it easier for consumers to purchase and trade cryptocurrency. DEXs, on the other hand, are more complicated and necessitate user interaction with smart contracts.

To top it all off, the MUFEX you referenced in your post, as industry leader, is simply a huge hoax!

[michellee]

DEXs could replace CEX as the future of trading when people don't like the features of CEX and don't want to do KYC verification anymore. People use CEX for convenience in trading and to avoid transaction fees for trading, while transaction fees in DEX are higher than CEX.

I felt this way when I tried a DEX that was ETH based a few years ago and spent a lot of ETH just on transaction fees. While using CEX, the transaction fees are very low and it helps me to store ETH for sale at the highest price.

But if CEX can still offer something similar to what users already get, they will still trade at CEX, even if they have to do KYC. People will be trading on the DEX for certain coins not listed on the CEX and it's okay if they have to pay higher transaction fees than CEX. The comfortable thing is the most wanted of people search.

[tjtonmoy]

Isn't that the point of having rivals? It paves the way for the development of novel goods and services that address specific customer requirements. While putting the needs of the consumer first is important, we must not lose sight of the creativity these transactions represent.

Isn't it true that the parameters you raise - "unique" and "secure" - are what define the development and expansion of these transactions? They may improve the blockchain ecosystem by expanding the range of possible transactions and boosting safety. In today's quickly developing cryptosphere, simplicity is no guarantee of efficacy. Is it possible, then, that the majority does not share your desire for simplification?

That's why we need proof, not talk. Although simplification is not the major key, because people learn things by using it over time. But to use it, we need trust. And for a platform like this, they need to build up trust first. No one will be willing to put their money into something in which they have no trust. I don't know how this will turn out to be. But if they manage to keep a good track record, people will use it.

Being decentralized also arise the question, of how far can it get and how good of a service it can provide. So I will wait for that day to come. Until then, I will stick to my statement. Also one more thing. Simple also makes things unique. Just keep what is necessary and easy to use. Something exceptional is a trend that people try out for a certain period of time, then move back to which is easy to use and understand. Don't get me wrong. If the "exceptional" one is understandable and not so complex, people will use it too.

[Johnyz]

As far as I am aware, decentralised exchanges (DEX) have recently gained popularity as an alternative to centralised exchanges (CEX). While CEXs remain the most popular platform for trading cryptocurrencies, DEXs may provide you with a lot of benefits such as decentralisation, lower fees, security, and anonymity.

There are good DEX and CEX but not all will stay within the competition.
We all want the anonymity given by DEX but the real question is its security though you are just using your personal wallet here, some site are still risky to deal with. CEX are talking about great volume and great fundamentals and that's why they remain as the top choice. Let's see if this two will continue to be the best option, maybe a new developer will introduce to us a new way of trading as part of the innovation with crypto. 

[dunfida]

Can DEX Replace CEX as the Future of Crypto Trading? My answer will be NO.

Because both of them has plus and minuses I know that a lot of people said that Centralized Exchange is bad and we don't have control over our money but in some government only Cex that can comply with government I mean as a "legal" exchange while Dex will not going to get the license because they are basically decentralized

Tho to country who ban bitcoin and there is no rule about crypto Decentralized Exchange will always be the number one exchange that comes to privacy and security.

Yes they do have their own disadvantages and advantages of their own on which it is really that hard to tell that DEX would overtake CEX.

Advantage of CEX
1. Conversion of fiat to crypto vice versa
2. Make direct trade on different pairs which DEX doesnt have
3. Features which would really be that making trading so easy
4. Easy to buy crypto using up fiat

Main disadvantage?
1. Custodial
2. Everything could be seen and traced
3. Its not your wallet
4. Prone to sudden regulation change

DEX is totally that preferred when it comes to anonymity and decentralization on which it would really be
that no question about this manner but people do still end up on making use of CEX on which we do understand on why but
we cant really blame them out.

[tvplus006]

...I felt this way when I tried a DEX that was ETH based a few years ago and spent a lot of ETH just on transaction fees. While using CEX, the transaction fees are very low and it helps me to store ETH for sale at the highest price...

I think everyone knows that transactions on the Ethereum network are the highest, so if you want to reduce your gas costs, you need to use L2 networks. So if you bought ETH, for example, on the Arbitrum Nova network, you would pay a commission that is possibly even lower than on CEX.

[gunhell16]

In short MUFEX is scam.

You're harsh dude, hehe ... but you're right in what you said, I just remembered recently when there was an issue with stablecoins on the centralized exchange platform, if that issue isn't really resolved, it's probably the investors who trust among stablecoins in centralized exchanges, it is possible to switch to decentralized or some may have switched and others still remained in centralized.

It's like if we look at it because if there's a problem with the centralized one, the DEX will catch it and if the DEX has a problem, the CEX will see it, It's that simple.

[Strongkored]

Both have their respective fans and the two cannot be compared because the presence of CEX and DEX is to complement cryptocurrency exchanges.
CEX will always be used for those who like speed and high trading volume, while DEX is used by traders who are more focused on security but trading volume and the slow development of DEX make traders also use CEX for transactions that cannot go through DEX, So it has its advantages and disadvantages.

[zahed]

I 've experienced in both of CEX and DEX, I realized that both of advantages and also some disadvantages. CEX is my favorite, i can trade with varieties of coins, which missing in DEX. CEX is too risky if exchange will get hacked and they can sell our personal documents, those will not happened in DEX.