We need Decentralized Exchanges ?

[Whited35 15285]

Personally, I would like to prefer decentralized exchange platforms than that of centralized one. On the decentralized exchange platforms, we would have the more control and financial freedoms while performing any sort of tradings activities. 

[Treat1234 0]

Decentralized exchange is the major priority of cryptocurrency, but as things are getting out of hands, there is no hope for decentralization, people even prefer Centralized exchanges because it has more liquidity than decentralized exchange

[Omar Ommeish 4872]

Yes, decentralization protects us from many hackers because cryptocurrencies are decentralized and therefore transactions are not tracked through them.

[Honny143 13612]

Present we see so many centralized  exchange want to verify our identity through kyc, I don't understand crypto is decentralized then why we give our personal information, because they misuse our information so we need decentralized exchange our information also safe and hide.

[Wilmer Garcia 0]

If friend is very important this issue that you have created and I think that is what all exchanges should start implementing for the security of all is the best

[Virgil dijk 1431]

Yes I agree with you decentralized exchanges is the best, it's more secured, and it makes the owner of the wallet have full control of his wallet and funds in it.

[Zues 1069]

On 4/9/2020 at 11:00 PM, Anwyll Axel said:

Agreed with you. At this time crypto world only afford decentralized exchange because these are very much secure than centralized one. Decentralization is also the core concept of crypto technology.

Yes I think that you are right and I think that we need decentralized exchanges because there is no fees or tax to pay in that unlike the case in centralized factors that we need to pay extra fees for the transaction which is not good because it is lowering our earnings

[Zalaks007 543]

I strongly agree with you that yes we need decentralized exchange to make it transactions run smoothly and withdrawal faster than it is now.

[Ridam 7455]

Well the concept of complete Decentralized exchanges is really good thing but for now it's very difficult to be adopted too. And if it happens we can keep our private keys with us in exchange too which would be the best for security of our funds in it.

[Rahul11 292]

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.

Many of top central exchanges hacked. And for that many people lost their massive amount of funds. One of the exchanger is cryptopia. And now we need decentralized exchanges. Because it's too hard to hack.

[Iriswolfgang 200]

On 11/8/2019 at 11:54 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.

We need decentralized exchanges because we need to earn more here in cryptocurrency because the fees is getting decreased because we have no tax to pay unlike centralized exchanges that need to pay taxes and I hope that Many decentralized will be created

[BitcryptoHan 2557]

34 minutes ago, Iriswolfgang said:

We need decentralized exchanges because we need to earn more here in cryptocurrency because the fees is getting decreased

Decentralized exchanges charges more fee for transactions, and I have not used any centralized exchange with tax payment before. Or, have you used one?

[CryptoLover21 0]

Yes we need decentralized exchange. I think we peer to peer buy and sell coin in the decentralized exchanges. Even we can exchange any coin as per demand of the buyers.

[Raqeebzy 6456]

Decentralised exchanges might be preferable to CEX but also they do have their disadvantages; Decentralised exchange are not so easy to use especially for beginners, most of the time, they have low liquidity and slow (lagging) sometimes. 

Adopting private keys to store funds on DEX, I can't picture that happening but definitely it will get things more complicated if that happens.

[DreamStage 2105]

Well i don't think decentralized vs centralized is a topic that should be aimed in terms of exchanges.

 

Exchanges are just holding funds so that one investor can safely withdraw or buy at any time possible thus has to be centralized. Making it decentralized might also open security breachs where hackers can steal your hodl funds.

[iloveyobit 6599]

Yes, in terms of protection, we need decentralized platforms, but the work on them is very complicated, so I prefer the central platforms because they are easy to use and also the protection is good.

[BrolySSJ 7899]

I think that decentralizing an exchange will definitely be a good step in the fact of security and preventing further hacking, but i think that there will be a concern in the sense that the profits that the exchange sites will get from the trades being made will be significantly lower and therefore most of the exchange sites will either run at a loss or will have to limit their exchanges to a certain number of coins. I lithe idea though and think that there is good potential in moving exchanges to a decentralized platform.

[Jessica Karren 1242]

Yes decentralization is the core concept of blockchain and cryptocurrencies usage. It has many benefits over centralization like your funds can't be seized or tracked by authorities, the blockchain handles the trust factor without any interference of third part, it makes the whole process more private anonymous.

[TimopheyKa 3900]

I think this of course has its pros and cons, without this anywhere! But as they say, safety first! And a good protection of your site and wallet will be more relevant than its availability

[DDermf 14]

I believe that Yes in fact decentralization is now more important than ever when all payment systems give out information about users on demand

[Jromz 2158]

Decentralized exchanges seem to be an innovative and efficient alternative to centralized exchanges. I really like the concept behind decentralized exchanges, especially the fact that the price cannot be manipulated  for liquidation purposes as traditional exchanges do. Yet, they are still at a very early stage, and thus they can improve in many aspects, like including the type of orders that centralized exchanges offer. Also, there might be some weakness in the contracts that can be susceptible  to be hacked to get the funds.

[saeedbeeles 86]

In fact , Personally, i might prefer the decentralized exchange platforms over the centralized platforms. On decentralized exchange platforms, we'll have more control and financial freedoms while performing any quite trading activities.

[Onden 2098]

Decentralized exchanges are good but to use this type of exchange is not easy as we are used to using centralized exchanges. Decentralized exchange Not as easy to use as conventional exchange
This can be confusing for new users and I think it could be wrong for someone like me. Better to use centralized exchange as I find it easier to use.

[Goyaa 2414]

I don't think so, decentralized exchanges are very difficult for a beginner like me, I can't use them for the trades I'm currently doing. To use a decentralized exchange requires advanced experience. If you are a beginner, use a centralized exchange because it is easier to trade the cryptocurrencies we have.

[percare 3192]

I think the trend shows that decentralized exchanges will keep gaining population and more users but still the centralized exchanges are not losing them as customers. I don't know if there will be something different but right now defi has lost most of the appeal it had and everyone is back to the centralized.