We need Decentralized Exchanges ?

[Ahmeddominik 126]

On 11/25/2019 at 6:42 PM, Thekingcallme said:

Decentralized exchanges make you more protected and private and that's good but bad because it exploits criminals and outlaws

Thank you my friend for sharing the information and providing help

[Goody28 259]

On 11/8/2019 at 4:54 PM, Ajlovez7 said:

With increaseing craze of cryptocurreny Marketcap is also increaseing day by day. Many Exchanges have started creating monopoly in crypto market,like Binance,huobi, Bithumb etc. Also many Exchanges gets threats of hacking attempts by hackers. So Complete decentralization of Exchanges is really important in future.the users will be owner of there own  Wallet and will hold private key. Maybe this could benefit the users of cryptocurreny & community.

With your above analysis we can't do without these decentralized exchanges  we need it so the user would be in charge of their own wallet 

Edited February 5, 2020 by Goody28

[bitcoin-shark 1928]

in this phase of the market, decentralized exchanges are fundamental, they offer many advantages compared to classic7centralized exchanges such as. they do not require kyc, they have altcoin listings that are not found elsewhere, they have no price limits, everyone can put them up for sale at the price they want, they are not custodial, the altcoins always remain in our possession

[jacker 1095]

I prefer decentralized exchange over centralized exchanges. Although I know its double-sided nature, it's good to be free, comfortable, anonymous, as if you had your privacy. On the bad side, there are probably many bad guys using it to do illegal things and many criminals.

[teminalibug 309]

1 hour ago, Musbeerah said:

Yeah. We need decentralized currencies like BTC, ETH and the rest. They are actually valuable and can easily be accessed.

And can easily be used without worrying of your transactions been traced to you by anyone.

[Amirul Islam 382]

On 11/8/2019 at 9:54 PM, Ajlovez7 said:

With increaseing craze of cryptocurreny Marketcap is also increaseing day by day. Many Exchanges have started creating monopoly in crypto market,like Binance,huobi, Bithumb etc. Also many Exchanges gets threats of hacking attempts by hackers. So Complete decentralization of Exchanges is really important in future.the users will be owner of there own  Wallet and will hold private key. Maybe this could benefit the users of cryptocurreny & community.

In the market there are maximum centralised exchanger and also there is high chance to get it hack. Many of them trying to convert their exchange to decentralised platform. Because the hacking issue will decrease.

[Ayush Singh 1175]

I think its good to have more decentralized exchanges but it is also riskier the advantage of having decentralized exchanges is the regulation will be in the hand of users and will able to make high profits from it.

[BTC Future 3946]

I've used a lot of decentralized exchanges such as Forkdelta and Etheredelta in the past. Although from what I've heard etherdelta had a few problems in the past and lately it has lost most of the trading activity. 

In the core of it's usecase though DEX's seem to be the only proper way for exchanges to work. It is basically an automatic list service where you don't need to create an account, you can just login with metamask or other browser extension applications and do your trades. There are no rules or restrictions such as in centralized exchanges and no KYC involved.

[Amir YT 202]

On 11/8/2019 at 9:54 PM, Ajlovez7 said:

With increaseing craze of cryptocurreny Marketcap is also increaseing day by day. Many Exchanges have started creating monopoly in crypto market,like Binance,huobi, Bithumb etc. Also many Exchanges gets threats of hacking attempts by hackers. So Complete decentralization of Exchanges is really important in future.the users will be owner of there own  Wallet and will hold private key. Maybe this could benefit the users of cryptocurreny & community.

In the crypto market there are a lot of hackers. They can hack only centralized exchangers because these data on online. If we move to decentralized exchanges then it's will be quite hard for hackers. Because all data will safe.

[Captain Karim 0]

There are a lot of decentralized exchange platforms, but unfortunately currently there is little volume, and there is no liquidity that helps in trading.

[Razan alikac 1899]

Decentralization is a very good and wonderful feature .. and the negativity in it is that group of people who try to steal and work in fraud and cannot be punished or held accountable

[rekter 8129]

On 11/8/2019 at 5:54 PM, Ajlovez7 said:

With increaseing craze of cryptocurreny Marketcap is also increaseing day by day. Many Exchanges have started creating monopoly in crypto market,like Binance,huobi, Bithumb etc. Also many Exchanges gets threats of hacking attempts by hackers. So Complete decentralization of Exchanges is really important in future.the users will be owner of there own  Wallet and will hold private key. Maybe this could benefit the users of cryptocurreny & community.

I really doubt that they will ever hit the mainstream like centralized exchanges. I mean we have come a long way from the times when there were only shady exchanges.

[CryptoMaxim 3829]

On 25.11.2019 at 20:42, Thekingcallme said:

Decentralized exchanges make you more protected and private and that's good but bad because it exploits criminals and outlaws

This probably depends on what purpose a person uses cryptocurrencies for. It doesn't make much difference to me

[Shaza Ahmad 1682]

Until now I have not seen a successful decentralization exchange platform, they all suffer from lack of liquidity, slow performance and many other problems, but if we look to the distant future then if they are developed they will be the future.

[Trader21 1199]

On 3/25/2020 at 5:53 PM, Abraham0 said:

We need centralized exchange and decentralized exchange because some people don't want to buy crypto from centralized exchange for hiding there identity. So decentralized exchange will help them

Indeed, l agree with your opinion, in my view decentralized exchange will really help them also us. Instead of relying on centralized exchange people prefer only decentralized exchange mostly. 

[magd 5231]

One of the most important characteristics of cryptocurrencies is that they adopt a system of decentralization and in the event that companies start monopolizing currencies, they take cryptocurrencies towards centralization and eliminate the most important characteristic of cryptography, and then there will be significant losses

Edited March 31, 2020 by magd

[Lover840 0]

On 11/8/2019 at 9:24 PM, Ajlovez7 said:

With increaseing craze of cryptocurreny Marketcap is also increaseing day by day. Many Exchanges have started creating monopoly in crypto market,like Binance,huobi, Bithumb etc. Also many Exchanges gets threats of hacking attempts by hackers. So Complete decentralization of Exchanges is really important in future.the users will be owner of there own  Wallet and will hold private key. Maybe this could benefit the users of cryptocurreny & community.

Yes also this is the only reason many people work in cryptoworld. Because its fully decentralized and you can easily work anonymously no one else have any control over it so. 

[SuperCrypto 7193]

I suffer a lot from some platforms that claim to decentralize and request special documents and tighten the blockade on us as they refuse the correct documents every time for a different reason. In this way the platforms have become centralized and overbearing, strangling users and causing them to escape.

[Rafi61 45]

yes, it is constant that decentralized exchanges are the base of the cryptocurrency, as it is not newspaper for rule and broadcast banks to control, but it gives a lot of hackers to happen to wealthy from our not public relation every now and then
 

[Zezo 306]

Decentralization is necessary in this field to be available to everyone equally, but so far there is no good decentralization platform that you can work on.

[guatazoo 7150]

On 11/8/2019 at 6:54 PM, Ajlovez7 said:

With increaseing craze of cryptocurreny Marketcap is also increaseing day by day. Many Exchanges have started creating monopoly in crypto market,like Binance,huobi, Bithumb etc. Also many Exchanges gets threats of hacking attempts by hackers. So Complete decentralization of Exchanges is really important in future.the users will be owner of there own  Wallet and will hold private key. Maybe this could benefit the users of cryptocurreny & community.

So that do you think it will be more safe to use decentralized exchanges because you be owner of your own wallet? But you need to know that's kind of exchanges if you get hacked I think you cannot get any recovery of your money.

But in centralized exchange if they get hacked they will not consider that's hacking to affect users balance, but they will only go off line for a while and trying to recover hacked moneys.

[Upright 2688]

Basically there's been the creation of the DEX Version of the binance exchange, as most users still using the centralized version big the binance exchange but some have also opted to use the decentralized version of the binance so there are still some to be coming up 

[Amir Vao 341]

On 11/8/2019 at 9:54 PM, Ajlovez7 said:

With increaseing craze of cryptocurreny Marketcap is also increaseing day by day. Many Exchanges have started creating monopoly in crypto market,like Binance,huobi, Bithumb etc. Also many Exchanges gets threats of hacking attempts by hackers. So Complete decentralization of Exchanges is really important in future.the users will be owner of there own  Wallet and will hold private key. Maybe this could benefit the users of cryptocurreny & community.

For this time situation I can say that we need badly decentralised exchanger. Because many hackers are here to Stole our fund. It's too hard to hack decentralised platform.

[Rezort 846]

We actually need to see much bigger amount of decentralized exchanges in the future or right now because it would just allow for more users make money safer.

[MrGeany 297]

well there would be great platform i think that there are some sport betting decentralized platform which is claled betfair or somethin i don't recall exactly that that is exactly the same pricniple but only for sport betting. i think it would be great idea to start a platform with tradings. very good and profitable i think.