Decentralized or centralized?

[Mdfoisal 14]

You can track transactions and find lost / stolen funds, and all of these currencies are in the current legal statusThere is such a facility and centralization

[Post Malone's 33]

Well,  i will choose both of this because I think centralize is riksy also especially in goverment taxes,  and also Centralize platform can freeze our assets. That's why it's good also to use decentralized but to hold our assets only in decentralized wallet.  Because DEX don't have much volume unlike centralized exchange 

[Amirul Islam 382]

On 12/6/2019 at 2:04 PM, Lubruselu said:

What's are the differences between of centralized and decentralized exchanges platforms.

Also which exchange do you guys are recommended to traders to use decentralized or centralized?.

I think there are differences between centralised and decentralized platform. We can't track even cancel any transaction on decentralized system. But we can do it on centralised system.

[suzuya 945]

I prefer decentralized system because It's more trustworthy than centralized, decentralized platforms are can not be manipulated by anyone or the government, unlike centralized it is likely controllable by the government. Also decentralized platforms doesn't need KYC verification, so our identity is really safe.

[Oxygen 1004]

On 12/6/2019 at 1:04 PM, Lubruselu said:

What's are the differences between of centralized and decentralized exchanges platforms.

Also which exchange do you guys are recommended to traders to use decentralized or centralized?.

Centralized exchanges are controlled by individuals or a group of persons. But decentralized exchanges are not controlled by any one. We are free to trade with anyone on decentralized exchanges. But the exchanges like binance and yobit are good to use as these are trusted one.

[babaji 1228]

Decentralised exchanges or centralised exchange makes no difference to me. On paper decentralised exchanges are better, but then when you compare with something like binance, there is literally no competition. 

As long as KYC is not implemented, I am in favor of that website, and frankly speaking with insurance provided by binance, there is no competition at all. 

[Eminoko 15]

Online the type Satoshi Nakamoto adopted which is not centralized. It is the best out of the two. It helps more than centralized ones. 

[avatarkiyoshi 270]

TBH, centralized exchange is more promising, especially those big exchange such as Binance, Bittrex. Decentralized exchange nowadays lack of volume because it's lack of interested. Those DEX should run promotion campaign to attract more people. Technically DEX more secure rather than CEX.

[hadi6t6 6]

In my case I am using a centralized conversion and I am very comfortable with this. However, I have to do some decentralized review to see what the differences are because I don't know how to say it.

[Badhon420 126]

That deference is without a doubt decentralized trading and DEX not necessarily great distance themself bill, and you be successful to have a very good great hazard these notably you ought to obtain one's own smartphone besides other. And even on centralize gold and silver coins is without a doubt possess as a result of great precious time many people.

[Amir YT 202]

On 12/6/2019 at 2:04 PM, Lubruselu said:

What's are the differences between of centralized and decentralized exchanges platforms.

Also which exchange do you guys are recommended to traders to use decentralized or centralized?.

In this time many project trying to move their platform to decentralized system. Because in the market there are many hackers who can easily hack centralized paltform. But in decentralized sytem it will be hard for hackers to stole our information.

[MCSGlegend 2210]

I always use a centralized exchange because in my opinion the owners are more concerned about the security of users ' accounts and their money.

[CryptoMaxim 3829]

If your assets do not have illegal actions then I do not see the difference between them Decentralized or centralized. The main thing is that the exchange should be honest.

[hangomao 15]

On 12/6/2019 at 8:50 PM, soupster said:

Centralized exchanges are controlled by one or more people who have access to all your funds and the basically run the whole exchange. While decentralised exchanges doesnt have anyone eho controls them they use blockchain system to work. Best Dex would be Binance dex while best centralised ex would be Binance again for me :D.

brother i will prefer both types of exchanges so it can be worth more good that if use centralized exchanges.

[Heroshema 0]

In the centeral platforms the trading orders is optimizing by the platform and in the wallet of the platform .. so if the owner lost the key of the wallet you will lose all your money

But in the uncenteral platform (called DEX) its P2P I mean you buy direct from the seller or sell for a buyer

I prefer the centeral platform

 

[Iamstrong 563]

I recommend using only centralized exchanges because in my opinion they are more careful about the security of their users.

[jekich.chan 1439]

The very idea of cryptocurrency consisted in its decentralization, that is, in complete anonymity, it is impossible to track the addresses and the inability to regulate cryptocurrency. Centralization is the exact opposite of decentralization, directly completed.

Edited March 1, 2020 by jekich.chan

[BarryHoward 112]

Decentralized exchanges are more secure and they do not require any third party to perform their operations, but I prefer centralized exchanges because it is easier to use and because it has more volume, for centralized exchanges I prefer Yobit.

[malik6314193 5449]

On 12/6/2019 at 1:04 PM, Lubruselu said:

What's are the differences between of centralized and decentralized exchanges platforms.

Also which exchange do you guys are recommended to traders to use decentralized or centralized?.

I don't know much about difference between centralized and decentralized. But i am using centralized exchange and i found it better. 

[Captain Karim 0]

Decentralized exchange platforms are characterized by safety and non-penetration, but they are slow and very low liquidity, while central exchange platforms are characterized by high liquidity and great speed as well, but they are vulnerable to penetration and loss of funds, so this topic is a little confusing.

[Gudameku 26]

centralized is when the power or authority come from one source especially central government control fiat money while when we talk about decentralized is when one have power to control the system like cryptocurrency its decentralized as no one can control it

[Zezo 306]

I see that the world is heading towards decentralization, and I prefer this, but so far there are no decentralized platforms that encourage you to work on it in terms of volume, number of currencies, and other things.

[MrGeany 297]

i think that centralized exchange platforms are better caus eif they will try to huurm you, you can easily identify your opponents and sue them in courts. but with decentralized platforms it will be really hard to find the person responsible for some actions, that affected you.

[Mcd0d0 5882]

Well for me, i will choose decentralized because you will be getting save some money in terms in transactions by not having some tax on it and you don't need to pay some extra from it.

[Whited35 15285]

The major difference between these two terms should be known first.I think, correct me if I am wrong, Centralized exchange sites are controlled by an owner but for the decentralized exchange platform, there will be no specific owners to control your entire crypto holdings.