Which is better, central or decentralized platforms

[Nezar 6646]

Choosing between them is not difficult, but it must be recognized that there are advantages and disadvantages to each of them within the crypto markets. In decentralized trading platforms, for example, the individual has greater capabilities and options to control the operations he performs within the crypto markets, as well as not informing any person or institution of the size of his trading for any reason. What distinguishes transactions in decentralized platforms is that they operate on the principle of peer-to-peer (B2P) and rely on algorithms and smart contracts to ensure the rights of both parties to complete the process of trading digital currencies.

But what defects decentralization platforms is the difficulty of use due to some simple technical requirements and the need for the trader to fully protect his private portfolio. It is completely the opposite in the central trading platforms as the platforms have all the data for any account they have and have access to your accounts, but one of its most important features is the provision of many features in trading such as (stop loss) and ease of use for the trader, but what is wrong with it is the high trading fees in Some platforms, and they are at risk because they are the target of penetration and espionage.

So what is your preferred platform?

Edited January 21, 2020 by Nezar

[Nezar 6646]

57 minutes ago, Safiqul islam said:

 يختار  بعض المتحمسين للتشفير منصات التداول اللامركزية ويفضلونها على المنصات المركزية لأنه يحمل السبب الرئيسي لوجود التقنيات (اللامركزية) بالإضافة إلى أنه يضمن أيضًا درجة أعلى من الخصوصية والأمان في العديد من الحالات. ما هي 100 تعليق. .؟

Why are you copying the posts of others? This is wrong, as it appeared to me that you are a beginner and new here. You must return to the forum rules and read and understand them well so that you can participate here. You must amend or delete your comment immediately

[pkrs 547]

Decentralised are not supported by any company and use blockchain technology. Centralized exchanges is the exchanges holded by private companies and provide wallets to store our Cryptocurrencies.

[Suhannewaz 241]

Centralization of authority ensures that the power to plan and make decisions is solely the responsibility of top management. Decentralization refers on the other hand to the dissemination of powers to middle and low level management by top management.

[neurolicious 445]

Decentralized tech isn't evolved enough to be suitable for global adoption. It's too slow, has no safety measures, if you do something wrong by accident, you cant backroll it, which is crucial for tech to be usable by society.

[Satishmolankar 1593]

Decentralized is better then central because it is all in you hand and it gives the phase of word and in central they don't give phase but that doesn't mean that it is bad that is also good but little bit decentralized better in security 

[Pritom Mondal 565]

Of the central or decentralized platforms, I think the decentralized platform is the best. Because the security of the decentralized platform is high.

[alexisfuentes 1908]

Hi Friends!

OP: I really don't know what you're trying to say.

It's really not about which one is better but what it is or what it means to be decentralized and centralized platforms.

 

To explain it simple:

Decentralized (DEX): you have control of your  assets, funds.

Centralized (CEX): You  NOT  do not have control of your assets, funds.

[Migo 7358]

9 hours ago, Nezar said:

Why are you copying the posts of others? This is wrong, as it appeared to me that you are a beginner and new here. You must return to the forum rules and read and understand them well so that you can participate here. You must amend or delete your comment immediately

Don't worry my friend, I already reported this member to the admins, and I think they will warn him soon enough, and about your topic I think there is not much differentes between them, anyway I can say that decentralized is better for me, it seems more secure 

[Jokeer 614]

13 hours ago, Safiqul islam said:

Some crypto enthusiasts choose decentralized trading platforms and prefer them over centralized platforms because it carries the main reason for the presence of (decentralized) technologies in addition to that it also guarantees a higher degree of privacy and security in many cases.  What are 100 comment. .?

Dear Safiqul islam, in this forum copying content from other users is not allowed here for that your account will be banned. As I see that you are doing copy paste so, next time don't do it otherwise I will give a report about you.

[Benjamin 7]

Well i will prefer to decentralized network because of this we are using bitcoin freely and also when it comes to transactions, there has no taxes to be paid for us because when we say decentralized network meaning no one can handle it so no one are putting some taxes there. Happy posting.

[Mcd0d0 5676]

i think there's no way for me to choose between that type of currencies because that two currency is useful too and kind of like what people looking for easiest way of transactions i think most of them will bet for decentralized currency because its light carry you just need a phones and just a one tap away.

[Oluwaseun 458]

I believe the reason for the creation of the Crypto asset is to have a decentralised platform. I personally love decentralised platforms this is because there would be no one to boss the system around and dictate how it moves and work. Decentralisation is perhaps the antidote to monopolistic ideology which has haunted the world for a long time now. Therefore I would go with a decentralised system instead and choose that as a good means.

[Great Commander 637]

Decentralized for maximum security and centralized for ensured transactions and verified negotiations from you and the company. 

[Upright 4595]

As of this years, people tend to like decentralized platforms but their most activities are on centralized, they are both good with minor flaws.

But I prefare the centralized for now

[Afrizal rahman 2419]

I think decentralized would be better but actually both are good. But if it is decentralized, we will regulate it ourselves without interference from third parties. I think it is also good that the government supports it all.

[Ummita 290]

For me I find decentralized exchange more secure than centralize exchange even when they don't have much difference between them.  

[Zeyazan 190]

In my opinion, centralized platforms are safer.

[Luciferludz 1363]

For me I think the centralized platforms is more better than the decentralized platforms, because you can see that's many of biggest platform like binance they are centralized

[MohammadMohsin 538]

I would always suggest decentralized exchanges. Cause these are way more secure than centralized exchanges. You gotta accept that. 

[rchres 380]

I prefer to used decentralized digital currency, Did you know that Bitcoin is decentralized means you can send it to peer to peer the bitcoins rather than centralised coins you didn't know if it safe or not. You can earn also into the volatility of coins in trading and holding your coins, Investing and joining campaigns to get free bitcoins.

[Razan alikac 1860]

Yobit has many advantages that are easy to use and has an investment box and a wide variety of currencies, withdrawals and deposits from banks.

[Ahmedabdallah12 142]

I like decentralized exchanges as my account won't be banned for any thing and it provide more privacy for my data

[Amirul Islam 360]

On 1/21/2020 at 4:42 PM, Nezar said:

Choosing between them is not difficult, but it must be recognized that there are advantages and disadvantages to each of them within the crypto markets. In decentralized trading platforms, for example, the individual has greater capabilities and options to control the operations he performs within the crypto markets, as well as not informing any person or institution of the size of his trading for any reason. What distinguishes transactions in decentralized platforms is that they operate on the principle of peer-to-peer (B2P) and rely on algorithms and smart contracts to ensure the rights of both parties to complete the process of trading digital currencies.

But what defects decentralization platforms is the difficulty of use due to some simple technical requirements and the need for the trader to fully protect his private portfolio. It is completely the opposite in the central trading platforms as the platforms have all the data for any account they have and have access to your accounts, but one of its most important features is the provision of many features in trading such as (stop loss) and ease of use for the trader, but what is wrong with it is the high trading fees in Some platforms, and they are at risk because they are the target of penetration and espionage.

So what is your preferred platform?

I think centralised is better than decentralised. Because we cannot track decentralised transaction but can centralised.

[Ayush Singh 1146]

According to me to have your own control with trading and exchanging decentralized platforms are good it gives you the opportunity to regulate your money accordingly and decentralized platforms like Cryptocurrency is in its peak and will increase more as it gives good earnings.