Decentralized or centralized?

[Syedbesharat 5423]

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 have used centralised exchanges like Yobit, Binance, Coinbase and now gonna experience Binnace DeX for trading although I have good experience of centralised exchanges I wanna work at decentralised exchanges for brooding my horizon. The centralised exchanges are getting challenges from decentralised now a days and people using decentralised exchanges more. 

[Mansoor sumaan 29 0]

Basically there is a basic difference between centralised and decentralized platform to exchange your talk tokens.

Basically centralised platform means that the platform which is controlled by one or more persons which can manage your currencies and basically they can whole the exchange

While in the centralised platform no one can manage your currency.

[1qDan 478]

Today basically all exchanges are centralized, some more than others.

 

But speaking in general terms, centralization is essential for decentralized systems such as the one used by cryptocurrencies to be successful, since these are the ones that connect with the financial means that allow transforming digital assets into fiat money.

[wassim19 645]

There is a big difference between centralization and decentralization, as central exchanges are controlled by one person while decentralized stock exchanges do not have anyone controlling them, so I recommend decentralization is better because you will have more freedom

[Whited35 15285]

2 minutes ago, wassim19 said:

There is a big difference between centralization and decentralization, as central exchanges are controlled by one person while decentralized stock exchanges do not have anyone controlling them, so I recommend decentralization is better because you will have more freedom

I am spotting more talented newcomers on forum to generate the beautiful points like this. There are some demerits in Decentralized Exchanges(DEXes) too like low liquidity, community based support system, and once platform got upgraded to overlap the bugs, all associated members should upgrade to the latest version which may take quite long period to get the problem solved completely. 

[godislovefll 1880]

On 6/12/2019 at 4:04, Lubruselu said:

¿Cuáles son las diferencias entre las plataformas de intercambio centralizadas y descentralizadas?

Además, ¿qué intercambio se les recomienda a los comerciantes para usar descentralizado o centralizado?

It all depends on how you want to save your money, in decentralized platforms only you will have access to your money, and in centralized platforms there will be third parties who can access your money.

[yulitzacalvete 1366]

On 12/6/2019 at 4:04 AM, Lubruselu said:

¿Cuáles son las diferencias entre las plataformas de intercambio centralizadas y descentralizadas?

Además, ¿qué intercambio se les recomienda a los comerciantes para usar descentralizado o centralizado?

The centralized ones are less likely to be attacked by hackers, but it is still a personal decision to want to give your personal information to exchanges or any platform that requests it, all this at the discretion of each person.

[jappy 1129]

On 12/6/2019 at 4:04 AM, 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?.

The difference is very simple the truth, and if you exchange with centralized other people they will be able to access your money and if it is de-centralized only you will have access to your money.

[Abuhassan 89]

Decentralized exchange have no control over a third party person but your funds were operated due to how it was programmed while centralized exchange has a third party person who controls the system but decentralized exchange your funds will be at risk because once you loose your investment you can never tracked it again and that is the end unlike centralized exchange where you can report to the support group regarding any issues you encounter. I prefer the centralized exchange because it is safe and secure.

[cryptovlek 2597]

It is obvious that decentralized currencies are where the future is going for. If you ask anyone what he would prefer, having money he can only control, or having someone else in control and restrict him then the answer is only one decentralzation. When problems happen in economies you see why, lines of people gather at bank ATMs, money is losing the value as inflation appears, jobs are lost and more. With decentralized money the power is with us.

[Mella 3680]

I am think that decentralized is better because centralized can be corrupt. But I am read about some exchanges calling themselves DEX but they weren't and they cheated customers too. The DEX are come with high fees too so trade can be non profitable for day trader.

Edited December 6, 2020 by Mella

[M.bello 1015]

Hello everyone base on my own opinion I recommended centralized because it deal with the best exchanging site that has more profit than the other which is yobit and cryptotalk where you could be able to invest and earn huge amount of money to make a living in your daily basic

[annayks 2314]

Differences are that you don't need an account in DEX but you can trade with your wallet using a secondary service in your browser like Metamask. You can connect your wallet with metamask and connect metamask to the DEX to make trades of all tokens you have, if there is anyone interested in buying them.

[Zeshan Khalid 2577]

Both types of platforms have there advantages and disadvantages. Centralized exchanges enable us to sell our coins at any time but they take some commission in the form of trading fee from us. But in decentralized exchanges we can search for a buyer of our currency directly. But we have to find the buyer for ourselves.

[zhoutong 2188]

You have to learn for yourself. But you can't trade Bitcoin in decentralized exchanges, they are only for Ethereum. Perhaps in some more blockchains but I only know the Ethereum DEX. They are the same as centralized exchanges but you are trading without someone having control on your account.

[Zezo 306]

The decentralized platforms are definitely better, but they have not yet reached the required level in terms of liquidity and the number of listed currencies

[matias estigarribia 1605]

Centralized exchanges are controlled by individuals or financial entities and have access to our data and money.
Decentralized exchanges are totally the opposite of what I mentioned above.
It is in each one what type of platforms they choose to operate, but there is something more important than they are centralized or decentralized and that is the reputation of each exchange.

[abd1992 960]

I do not know exactly about the differences, but I do know that decentralized platforms are better in terms of security as no one can control your account or steal money from you.

[abdullah553 1981]

On 12/6/2019 at 10:04 AM, 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?.

Decentralized platforms are less penetrated than centralized platforms, and fraudsters cannot steal your money with them. They are much better, but less liquid.

[Alimhana930 1605]

There are many differences, including what is appropriate and what is not appropriate. Withdrawal fees differ, the mechanism of action differs, and recently the platforms for decentralization have been giving rewarding rewards to their users. For this matter, it attracted a large number of new users, but it is still the best central platforms, as in my opinion it is controlled by laws and working in it is more reassuring as any problem facing the trader or depositor can the platform help him and solve it.

[Abdulrahman3 1252]

Most expert traders always recommend using the decentralized stock exchange, because it is not subject to a specific authority that can change prices, but the central exchange is more secure, and everything has its pros and cons, and the decision is up to you.

[Simon London 1749]

Hello everyone, in my opinion, one of the most important differences is that in centralized exchanges, we must register on their platforms and in many cases we must do KYC, in the case of decentralized exchanges, no registration is necessary, We only have to connect to a certain waller, to be able to carry out our operations.

[AL SHAIMON 1293]

Centralization means there will be a third person who can check your transection. But decentralization is completely different it is peer to peer system. Only sender and receiver can see their transection. Bitcoin and other cryptocurrency based on decentralization system. So I think decentralization is much better than centralization. 

[koynayak 1923]

Decentralized exchangers can't be rules by some one but centralized exchanges are ruling with peoples. They all have benefits. I think best decentralized exchange is uniswap, it also a dangerious place because everyone can make token in that platfrom but if you use efficiently it's a nice exchange. I think binance is the most reliable centralized exchange.

[Rosarvx 965]

centralized exchange is under a company or a group of peoples who mange to earn revenue, decentralize system is the best and better than centralize system going by their qualities because control by government and tax free