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Author Topic: Which exchange do you prefer centralized or decentralized  (Read 5912 times)

Offline Ferki

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Re: Which exchange do you prefer centralized or decentralized
« Reply #15 on: September 03, 2021, 06:12:33 PM »
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Re: Which exchange do you prefer centralized or decentralized
« Reply #15 on: September 03, 2021, 06:12:33 PM »

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Offline Orange89

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Re: Which exchange do you prefer centralized or decentralized
« Reply #16 on: September 05, 2021, 06:09:31 PM »
It fully depend upon the situation if i am using my token/coin more frequently then i prefer centralized exchange asked if i am looking for a long term holding then i am go with decentralised platform or if their are any reward or any particular such condition in it be go with decentralised platform

Offline vegasus

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Re: Which exchange do you prefer centralized or decentralized
« Reply #17 on: September 07, 2021, 11:52:10 PM »
Mostly if we are going to cash out our money to the bank, I must choose CEX because that is the one legal in my country. But DEX is also no problem as long as the exchanges are reputable and good.Moreover in DEX, we are not supposed to do KYC. So, we can really get good ideas of that privacy

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Re: Which exchange do you prefer centralized or decentralized
« Reply #18 on: September 23, 2021, 03:16:53 PM »
If i am left to advice on the exchange preference between DEX or CEX, i would go for the CEX because first i personally use centralise exchange e.g Binance and also CEX allows you to change crypto to fiat and fiat to crypto it also allows exchange staking and margin lending so i think CEX is good for me.

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Re: Which exchange do you prefer centralized or decentralized
« Reply #19 on: September 27, 2021, 05:19:46 PM »
It depends on your needs... if you already have crypto DEXs can be great, but if you need a fiat onramp or desire more complex trading instruments, then centralized exchanges would be the way to go.

I think crypto currency with decentralized platforms are better than centralized system on fiat.
But both have own needed and advantages..
Fiat money has been used for economic system of countries, So It is better in centralized system.
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Offline Michael.sol

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Re: Which exchange do you prefer centralized or decentralized
« Reply #20 on: October 01, 2021, 03:29:39 PM »
These things are purely dependent on you , personally i always trying to used decentralized exchange ( like uniswap and pancakeswap  ) . But their is big advantages on cex exchanges  (like binance , wazirx  ) is that we can able to set buy and sell orders  , we can able to do margin amd future trades . Personally i used binance  , wazirx , uniswap and pancakeswap :) .

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Re: Which exchange do you prefer centralized or decentralized
« Reply #21 on: October 05, 2021, 08:11:44 PM »
I personally haven't visited cex exchanges for a long time, I use DEX most often, everything is there, it's very simple and you don't need kyc, the main thing is to find a good dex exchange for yourself.I also like farm/betting on similar exchanges.
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Re: Which exchange do you prefer centralized or decentralized
« Reply #21 on: October 05, 2021, 08:11:44 PM »


Offline Luicci_Estraso

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Re: Which exchange do you prefer centralized or decentralized
« Reply #22 on: October 05, 2021, 08:42:14 PM »
I prefer decentralized and i usually use Uniswap because it allows me to invest on Polinate so early,Gate listed POLI token lately. Actually swap platform's allow investor's to big chance for making serious profits. I already 2x'd on Polinate and currently im buying at dip again. I believe the project and i never had any issues with Uniswap.

Offline jonathancool220

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Re: Which exchange do you prefer centralized or decentralized
« Reply #23 on: October 06, 2021, 03:16:14 AM »
I prefer trading on the Decentralized Exchange because this system is really very simple, fast and safe, we can keep our private keys.
But to be able to withdraw money to Fiat, we should use a Centralized Exchange, just like Binance.

This all depends on our position to choose something that is really needed between the two, namely Centralized and Decentralized Exchange.

Offline collinsjie

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Re: Which exchange do you prefer centralized or decentralized
« Reply #24 on: October 06, 2021, 09:08:09 AM »
I prefer the Binance centralised platform for so many reasons. It is well recognised and trustworthy. It is very good for P2P trading, Through P2P trading I can easily transfer money to my local bank account. I have been using the platform for a long and is a very good.
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Offline cryptopence

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Re: Which exchange do you prefer centralized or decentralized
« Reply #25 on: October 06, 2021, 10:56:07 AM »
Don’t forget about HEX (hybrid exchanges). They have the advantages of both types of exchanges.
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Re: Which exchange do you prefer centralized or decentralized
« Reply #26 on: October 07, 2021, 11:49:23 AM »
Which exchange is best between these two
Of course, a decentralized exchange is best, because cryptocurrency, whatever one may say, is prohibited almost everywhere, and in decentralized exchanges, verification is not needed, and so on, I consider them the future, once again I think no one wants to share their personal data and go through difficult, but really difficult verification by KYC.

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Re: Which exchange do you prefer centralized or decentralized
« Reply #27 on: October 07, 2021, 08:49:52 PM »
Of course, a decentralized exchange is best, because cryptocurrency, whatever one may say, is prohibited almost everywhere, and in decentralized exchanges, verification is not needed, and so on, I consider them the future, once again I think no one wants to share their personal data and go through difficult, but really difficult verification by KYC.
Both DEX and CEX have some advantages and disadvantages of their own. Not all centralized exchanges need kyc. There is no chance to make buy / sell order in DEX. As a result, in order to trade a token, you have to check the market again and again to see when the price of that token will increase or decrease. It's very annoying. But at CEX you can rest assured with buy / sell order.
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Re: Which exchange do you prefer centralized or decentralized
« Reply #28 on: October 08, 2021, 06:15:22 PM »
Which exchange is best between these two

of course decentralized mate, We all know decentralised will give  us profits from volatility of coins.
I think  Crypto is more suitable in decentralized market, But If the government will have own crypto on centralised market, I think It will be other choose for investors.
But I don't believe It will be  good coins.
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Re: Which exchange do you prefer centralized or decentralized
« Reply #29 on: October 08, 2021, 08:27:10 PM »
Centralized is actually much more practical and cheaper than decentralized. But it has only one drawback is KYC. Those who don't care about KYC, then there are no drawbacks. And for those who trade professionally, I think a decentralized exchange will not work.
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