Decentralized or centralized? - Page 6 - Crypto World - CryptoTalk.Org Jump to content
Lubruselu

Decentralized or centralized?

Recommended Posts

Decentralized exchanges require to pay sometimes large fees as for ethereum lately. This is not very profitable for small trades. Centralized have standard trading fees and don't cost a lot. I use centralized exchanges mostly for this reason.

  • +2 1

Share this post


Link to post
Share on other sites

I'm full with decentralized exchanges and I'm using Uniswap lately a lot to trade Defi projects listed there. I was using forkdelta too for erc20 tokens but this exchange and most ERC20 were not performing well. I like uniswap a lot and it helped us with an airdrop of 400 uni it given. This was a good bonus.

  • Useful or interesting 1
  • +1 1

Share this post


Link to post
Share on other sites

If you are talking about the trade exchanges inside of the digital space it should be decentralized since we are talking about privacy and security of the users as a protection for potential by passers trying to get accessed to their accounts. If I am going to weigh between the two, I would choose the decentralized since it is more secured than the other one because of the security that it has and protection that it provides to the users. I am not trusted to centralized sector since they have still access to the account of the people who are investing to them which is kind of frightening since they could somehow keep those assets that you have and they are controlled by government.

  • +1 1

Share this post


Link to post
Share on other sites

A centralized system has an easy or vulnerable vulnerability to collapse, whereas decentralized is a safe place because everyone has the right to see detailed recorded data

Share this post


Link to post
Share on other sites

Well decentralised platform is better than centralised platform. Because we can get full control of our assets. This is absolutely safe. We can find some reputed defi platform from interest . Coimparketcap . There we can get get interest whatever we will lend in that defi platform. No found centralised platform also good.  But because of hacking issue , defi platform provide us more safety. After all everyone has its own choice. I specially go for defi platform. 

  • +1 1

Share this post


Link to post
Share on other sites

Well centralized platform are those where you are wallet is not only yours. There if you buy or sell coin your coins is stored in the exchange's wallet until you withdraw but decentralized platform is completely your private space. It use blockchain technology. Many centralized exchange can be fraud so I recommend to choose decentralized exchange.

Share this post


Link to post
Share on other sites

I like yobit it a centralize exchange and have many feature for making profits and do business with then but i have see the history of the coins have some issues in other hand decentralize exchanges have their own advantages these you are alone and have everything on the front of you .

Share this post


Link to post
Share on other sites

Yes, I personally prefer decentralization because we feel comfortable there because it doesn’t focus on anything.

Share this post


Link to post
Share on other sites

The system must be secured since money is involved, so we need a decentralized system to lessen the hacking cases since we all know that it is hard to earn money, we didn't put so much effort on earning it just to disappear it in an instant because someone stole it. That is why I'm pro decentralized, it would gives insurance to the people that their money is secured.

Share this post


Link to post
Share on other sites

Decentralized exchanges allow you to join them using applications as metamask and they are not in control of your funds but the user is always. They allow you to sell or buy directly from another person without someone holding your coins and acting as a middle man. They are the best system I can think but maybe when fees are high you won't be able to trade small but have to go big only.

  • +3 1

Share this post


Link to post
Share on other sites

I think that after a while in crypto everyone agrees that using decentralized exchanges is better. But after we see the fees getting very high we maybe should return to centralized as we don't want to pay half of our profits to miners. I have not touched Uniswap for this reason and maybe I would have lost a lot of money too investing in some projects that exit scammed. I don't know how it went so good for so many but I don't feel I missed anything.

  • +3 1

Share this post


Link to post
Share on other sites
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?.

My friend in the forum, I recommend Yobit exchange. Now some may say it is centralized but what? Isn't it the best exchange that give us joy and happiness as most members here explained so well in their posts? Why someone needs a decentralized exchange to trade. We need Yobit and nothing else, I recommended Yobit to my friends, my family and some people that asked what I do when I don't study. I told them look for yobit online and start investing in your future.

  • +4 1

Share this post


Link to post
Share on other sites

I always recommend trading on the yobit platform because I consider it the easiest to handle. In a few minutes, you can register an account on the platform, deposit any small amount, and start trading easily without any complications. So yobit is an ideal platform for both beginners and professionals.

Share this post


Link to post
Share on other sites

Decentralized One of the numerous Trade websites, most of them tend to be IDex (etc) Trade website.

Centralized offers numerous Trade websites, among that is the actual Kucoin & Yobit (etc) Trade website.

I am usually suggest a Centralized trade website.

Share this post


Link to post
Share on other sites

In decentralized crypto exchange, the control of our account is totally in you hand, you are free to use it. 

But in centralized crypto exchange, most of our account is controlled by the third party who runs the exchange. 


 

                                                    BetFury                                                   

    🐥Twitter | 📩Telegram | 🎲 You play - We pay 🎲 | YouTube 🍿| Reddit  🕹

                                                  Free BTC 1 800 Satoshi every day                                                 

Share this post


Link to post
Share on other sites

Every one in the crypto market want the easiest system that they understand easily and work in it becasue not everyone understand the technical things and i think the centralized system is the best for us becasue that is so much simple and easy.

  • Useful or interesting 1
  • +1 1

                                                    BetFury                                                   

    🐥Twitter | 📩Telegram | 🎲 You play - We pay 🎲 | YouTube 🍿| Reddit  🕹

                                                  Free BTC 1 800 Satoshi every day                                                 

 

Share this post


Link to post
Share on other sites

Decentralized exchange makes no difference to me.  Good on paper decentralized exchanges, decentralized exchanges are not controlled by any.  Decentralized platforms cannot be manipulated by either or the government, so it is much better

  • -2 1

Share this post


Link to post
Share on other sites

in centralized exchanges there is a group of people have control over the funds and services but in the other side decentralized exchanges there is no direct control over funds available. They just have control over domain and hosting of service, they can have access to private keys or funds that you deposited for exchange.

  • Useful or interesting 2
  • +1 1

 

                                                    [url=

https://betfury.io/?r=5fb0201a9f7c5a3dd534eb75BetFury[/url]                                                   

🐥Twitter | 📩Telegram | 🎲 You play - We pay 🎲 | YouTube 🍿| Reddit  🕹

                                                    Free BTC 1 800 Satoshi every day                                                   

Share this post


Link to post
Share on other sites

If I could I will only use decentralized exchanges but there are some that do not support trading in coins I like and maybe they are used for ethereum tokens as I see it. I don't think these exchanges allow Bitcoin, Litecoin and other coins trading, this makes them lag behind centralized exchanges that have better options for trading.

  • +2 1

Share this post


Link to post
Share on other sites
On 9/28/2020 at 10:19 PM, Shaheer16 said:

In decentralized crypto exchange, the control of our account is totally in you hand, you are free to use it. 

But in centralized crypto exchange, most of our account is controlled by the third party who runs the exchange. 

Well, you are just explaining the the decentralized and centralized mate, this topic ask some question if which is better if decentralized or centralized, please next time try to understand the content before you proceed to make a post.

Share this post


Link to post
Share on other sites

What I know is that the difference is in the protection of crypto and who keeps all the cryptocurrencies in a centralized system is monitored, controlled and managed by the exchange company and this has some disadvantages since it is more prone to hacker attacks and lose crypto instead the decentralized system is managed on the web and everything is through the web and has better computer security

 

  • Useful or interesting 1

Share this post


Link to post
Share on other sites

The significant distinction between these two terms ought to be realized first.I think, right me in the event that I am off-base, Centralized trade locales are constrained by a proprietor yet for the decentralized trade stage, there will be no particular proprietors to control your whole crypto property.

Share this post


Link to post
Share on other sites

Decentralized exchanges are many like uniswap Idex and others. And there are many Centralized exchanges like binance and kucoin etc 

Share this post


Link to post
Share on other sites

A centralized system is control be a single person or even a group of individuals, and as such they will have access to your funds in terms of an exchange, whereas a decentralized exchange is not controlled by any one person and all of the prices will be dependent on the supply and demand of the coins that exist within that exchange. In my opinion, for safety the best is to go for a decentralized exchange in the crypto world, and the main reason that i say that is that there are a lot of scams that are out there and therefore if they have access to your funds it is quite worrying and they could steal your funds in the long run. 

  • Useful or interesting 1
  • +1 1

Looking to earn through posting on forums? Join Beermoneyforum where you can earn up to $12 daily for your posts! Follow this link to get started: https://www.beermoneyforum.com/?inv=126648

A simple, awesome faucet with payouts in BTC and TRX. Join now at https://moremoney.io/?ref=72749

Join this awesome forum for pay per post rewards: https://bizdustry.com/?referrer=5769

Share this post


Link to post
Share on other sites

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Topics

  • Сообщения

    • Уважаемые участники и гости форума! Спешим сообщить, что наш обменный пункт Cryptotims.com полностью верифицирован и добавлен в листинг мониторинга Exchangesumo  Благодарим администрацию  Еxchangesumo за оказанное доверие нашему сервису. Мы делаем всё чтобы обмены клиентов проходили максимально быстро и безопасно.   С уважением администрация Cryptotims.com        
    • 🔄 Обмен криптовалюты стал проще с Bitrezerv.com! Обменивайте Bitcoin, Litecoin, Ripple и другие популярные монеты без лишних шагов и верификации.   💱 Присоединяйтесь к нам сегодня!   #CryptoTrading #BitrezervAdvantages
    • Now there is an opportunity to earn NFT in a new project that is trying to create a multiverse; It will be a platform similar to Steam, where you can earn a lot in the early stages. Here is a photo from the game. If anyone is interested, write to me in telegram: @Freddie_mercat Or in a private message on the forum
    • 🎯 Напоминание:   📰  У нас есть телеграм канал.   В нём каждый вечер выходит подборка актуальных новостей за день.   💲Так же вы можете посмотреть актуальные тарифы и обменять криптовалюту на нашем сайте.   Если у вас возникнут дополнительные вопросы, не стесняйтесь обращаться в нашу службу поддержки.    
    • Не сильно много: 0.007 + 2 реварда. Цена на Doge нынче высокая. Может выпадет чего-то и покрупнее. Собирать не сложно и альтернативных кранов нет, поэтому захожу кликаю иногда. Ещё бы такой же по выдаче Шибы...
    • Уважаемые, пользователи! Нас добавили в мониторинг Pro-obmen.ru✅ Приглашаем Вас обменивать свои средства. В нашем сервисе — выгодный курс, много направлений и быстрый обмен.   Для постоянных клиентов и для клиентом миллионеров — у нас индивидуальные условия и предложения, подробнее уточняйте в Telegram.
    • Прекрасно. Дпвно вам не хватал аптос, хотя хайп вокруг него и прошёл давно, на на балике он есть, не у всех минималка небольшая, а у вас всегда божеский порог обмена, респект.
    • Tether сотрудничает с RAK DAO в продвижении обучения блокчейну и криптовалютам в ОАЭ Компания Tether, эмитент стабильной монеты USDT, подписала Меморандум о взаимопонимании (MoU) с RAK Digital Assets Oasis (RAK DAO), свободной экономической зоной в ОАЭ. Это партнерство направлено на интеграцию технологии блокчейн, упрощение платежей в криптовалюте и запуск образовательных инициатив в Рас-эль-Хайме. Сотрудничество позиционирует Рас-аль-Хайму, самый северный эмират ОАЭ, как потенциальный ведущий центр технологий и инноваций.   Паоло Ардуино, генеральный директор Tether, выразил гордость за партнерство, подчеркнув потенциал Рас-эль-Хаймы стать крупным центром цифровых активов. Самир Аль Ансари, генеральный директор RAK DAO, отметил, что это знаменует собой важную веху в стимулировании экономического роста и финансовой доступности за счет использования биткоина и других криптовалют.   В дополнение к этому партнерству, Tether недавно инвестировала 200 миллионов долларов в биотехнологическую компанию Blackrock Neurotech и объявила о финансировании CityPay.сервис ввода-вывода еще больше расширил свой инвестиционный портфель в секторе цифровой экономики.
    • Добавлены скидки при покупке аккаунтов гугл оптом от 100, 500 и 1000 штук, в зависимости от количества и типа товара будет разная скидка в среднем от 5 до 7%  
    • Уважаемые Пользователи! Доступны новые направления для обмена.    BAT (BAT) Waves (WAVES) Хотим напомнить, что Вы можете получить от нас небольшой бонус в размере 111 RUB  Что нужно сделать для его получения? 1. Совершить обмен на нашем сайте используя мониторинг BestChange. 2. Оставить отзыв на мониторинге BestChange указав номер заявки и почту, с которой создавали заявку. 3. Прислать нам в чат или на почту скриншот созданного отзыва. С наилучшими пожеланиями команда Galaxy-coin.cash.     
×
×
  • Create New...