Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Rajneesh Kumar on July 28, 2021, 12:30:15 PM
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Which exchange is best between these two
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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.
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Both are good enough if the exchange has well reputable and also trust. So far, I am using much Binance and also my local centralized exchange in the country. For, it is used to cash out into fiat. ALl exchanges in my country should be centralized and also registered under one of the government institutions. Without it, it can be considered illegal and not allowed to operate.
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I prefer to use CEX, especially Binance because I can easily trade with very cheap fee, only 0.1% instead of 0.3% + gas on UniSwap. Also security on Binance is better than on MetaMask.
Some features like Saving and Stake are also quite attractive to holders.
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As of now, I am sure that most of us here are using both types of exchanges. In terms of convenience, I have no problem with CEX and DEX. I am usually into Uniswap if the coin/token I want to buy or sell can be available in there. at the same, I also love Binance, Kucoin and even lesser know exchanges especially if they can be offering better rates. You see, we go where the wind is...
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I prefer Binance CEX because of its low transaction fees and 24/7 support in multiple languages. I like Saving on Binance because I can withdraw tokens and sell whenever I need, and Binance's app is constantly being updated to support users.
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It depends on the country's regulations.
More of the time DEX is the place to trade globally.
CEX required KYC and some doesn't want to proceed.
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I like both, Because I use both Exchange types.
But actually a centralized exchange is safer to use! But which one is better for us to use? ie which can benefit us.
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Centralized and Decentralize, have negative and positive side of both exchange but i think if you use most secure and trusted exchange, then centralized is best. Becouse Some days ago i lost my some usd from Decentralized wallet. And we are know that not have any reovery system on Decentralized exchange. So i want suggested you can use Centralized exchange.
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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.
Best Cryptocurrency Exchange (https://wazirx.com/)
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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.
Reasonable statement - it all depends on your needs. I cant but agree with this. Indeed, each user has individual needs. Sometimes it is difficult to choose from a very large variety of exchanges. Only information can help. Information about the features of each particular exchange. You can find useful info here Cryptototem website (https://money.yahoo.com/cryptototem-reveals-newly-reformed-sections-151500047.html) , for example and the dilemma, centralized or decentralizedwill stop tormenting you.
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Trading globally takes place more often on DEX.
Some do not want to proceed with CEX's KYC requirement.
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This is totally depends on your need , if you are a longterm holders then you can used dex wallet or exchange for stores your aseest . Sometimes cex exchanges are getting hacked and we are faced some problems at this time .
But there is a big advantage of cex exchanges as compared to dex , we can't do future , spot , order book , margin trading in dex exchange like uniswap .
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Both CEX and DEX are preferable for me. But i'll select DEX at first place rather than using CEX. Also, gas price is ridiculious at this moment, but it will come to previous position in near future. Also, CEX are great in terms of doing transections quickly with low fees except ethereum mainnet. ;D
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The reason why both CEX and DEX platforms are making a killing in the cryptocurrency market is because people prefer to use both and I sill have to see anybody here who got no account in both type of an exchange. Each got their own advantages, benefits and features that people love. So there is no reason to choose which...both are important and needed.
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Apeswap
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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
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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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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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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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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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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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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.
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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.
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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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Don’t forget about HEX (hybrid exchanges). They have the advantages of both types of exchanges.
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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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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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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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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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I use both, but CEX exchanges are my first choice. I like CEX exchanges because they have very good security, especially Gate exchange! I use Gate exchange to store any amount of Coins that I want, I also use Binance but still is not good in security like Gate exchange. I also like CEX exchanges because I am a day trader and a P2P trader so I need to trade while tracking some profit opportunities using the order books which I can not do that in a DEX exchange.
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I use both, but CEX exchanges are my first choice. I like CEX exchanges because they have very good security, especially Gate exchange! I use Gate exchange to store any amount of Coins that I want, I also use Binance but still is not good in security like Gate exchange. I also like CEX exchanges because I am a day trader and a P2P trader so I need to trade while tracking some profit opportunities using the order books which I can not do that in a DEX exchange.
CEX and DEX , both are good.
I see several people prefer in CEX and other members prefer in DEX.
I think ayou can use both for your transaction.
DEX, I have used it for my daily trading, and CEX for other investment.
Especially for withdraw, P2P.
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Which exchange is best between these two
Lately i spend roughly equal amounts of time between the two types of exchanges. There is still no way to do without p2p services in centralized exchanges and decentralized options are still poorly developed.
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Which exchange is best between these two
Lately i spend roughly equal amounts of time between the two types of exchanges. There is still no way to do without p2p services in centralized exchanges and decentralized options are still poorly developed.
I think you're right, CEX is better than DEX. I also have used P2P services in centralized exchange.
Because we all know DEX is still poorly development as you said.
But maybe at the next months, DEX will have good improve.
Hopefully it will be.
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I use mostly centralized exchanges. I'm just so used to it and they seem convenient and reliable to me.
Very rarely I use uniswap. For me, the most suitable exchange is binance
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Which exchange is best between these two
Lately i spend roughly equal amounts of time between the two types of exchanges. There is still no way to do without p2p services in centralized exchanges and decentralized options are still poorly developed.
I think you're right, CEX is better than DEX. I also have used P2P services in centralized exchange.
Because we all know DEX is still poorly development as you said.
But maybe at the next months, DEX will have good improve.
Hopefully it will be.
I meant that p2p in decentralized space is very poorly developed. For everything else i prefer to use decentralized exchanges.
It seems to me that the process of transition of the majority of users to dex has already started.
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I prefer decentralized!
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For me, both centralized or decentralized exchange as long it no needs to require KYC for the deposit and withdrawal.. and also the important of all is the lowest withdrawal fees. So far Binance and pancakeswap are the best exchanges for me.
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For me, both centralized or decentralized exchange as long it no needs to require KYC for the deposit and withdrawal.. and also the important of all is the lowest withdrawal fees. So far Binance and pancakeswap are the best exchanges for me.
You don't like KYC but you like Binance exchange. But if you want to trade crypto in Binance you have to do kyc compulsorily. Without kyc you can only withdraw your crypto. Can't trade. At least intermediate verification is required to trade in Binance.
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For me, both centralized or decentralized exchange as long it no needs to require KYC for the deposit and withdrawal.. and also the important of all is the lowest withdrawal fees. So far Binance and pancakeswap are the best exchanges for me.
You don't like KYC but you like Binance exchange. But if you want to trade crypto in Binance you have to do kyc compulsorily. Without kyc you can only withdraw your crypto. Can't trade. At least intermediate verification is required to trade in Binance.
Yes I use Binance exchange but it's not necessary for small time traders like me and it's not really big that I withdraw my cryptos.. so no need to require KYC.. Only those big whales who withdraws a big amount of cryptos.
Edit: I guess you are right, I recently logged in in the Binance exchange and it's already blocked the deposit so it's mandatory for all Binance users to do KYC even you are small time trader..
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Specifically, I don't see much difference. In a decentralized one, of course, it's a plus that you don't have to pay taxes, but in order to cash out a large amount, you will have to work hard. The biggest disadvantage of a decentralized exchange is that if you made a mistake with the wallet address, then no one will return your money to you.
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There are quite a number of Crypto exchanges today, both centralized and decentralized. But for me both exchanges have their respective advantages, I use both exchanges. however I only choose reputable and reputable exchanges that I use to trade.
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I prefer Decentralized Exchange because this market is very simple and very environmentally friendly for me who every day is always looking for oddities from the existing market prices or you can say I am looking for miracles from the unexpected from cryptocurrencies.
Usually this DEX always gives surprises as well as airdrop results from SWAP and it can be said to be very simple and easy like UNI.
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Actually both exchanges are good for different issues like when you use Dex the advantage is you don't give any taxes but the major disadvantage is if you any mistake to transaction then you never recover from it . One the other hand The liquidity at centralized exchanges is normally much better than the liquidity at decentralized exchanges.
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Which exchange is best between these two
Lately i spend roughly equal amounts of time between the two types of exchanges. There is still no way to do without p2p services in centralized exchanges and decentralized options are still poorly developed.
Both of these proposed options may be relevant at the moment. I think it is very correct to combine them and apply each at its own time. Then optimal conditions are formed in order to become successful in cryptocurrencies.
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Obviously most people would love dexes because of the privacy and security it affords its users. I think I prefer Biswap more than others. It's UI is easy on the eye and the transaction fees are even shared
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So far, I am comfortable with CEX, it is more secure. I have seen many DEX, I am not sure to trade my coins there because I guess it is not safe enough. While CEX, sometimes requires KYC, but they offer good service for us. Our coins also can be better to save there since they want to take responsibility if anything happens with our coins.
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So far, I am comfortable with CEX, it is more secure. I have seen many DEX, I am not sure to trade my coins there because I guess it is not safe enough. While CEX, sometimes requires KYC, but they offer good service for us. Our coins also can be better to save there since they want to take responsibility if anything happens with our coins.
If you said about secure, CEX is more safe.
I have used both, CEX and DEX .
I think they have own advantage.
If you prefer in CEX, you can use it and focus there.
But several investors didn't like to share their ID for KYC.
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Which exchange is best between these two
Uniswap and pancakeswap both Decentralized exchange but uniswap bep20 based Decentralized exchange and uniswap ERC 20 based Decentralized exchange. Both exchange have same procedure but unfortunately uniswap has more swapping fees ...
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I prefer decentralized exchanges for first stage investments. Subsequent projects, if listed on a centralized exchange, are greatly improved. Most large investors prefer decentralized exchanges. Such as Uniswap. At present its popularity is much higher. Because a lot of investors buy different tokens from here and hold them for a long time.
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Both centralized and decentralized exchanges are good but trading fees on centralized exchanges are slightly lower than decentralized exchanges. Moreover, decentralized security in centralized exchanges A little more than X.
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I prefer only centralized exchanges because decentralized exchanges need excessive Ethereum network fees. Uniswap decentralized exchange need huge amounts of Ethereum network fees. But Binance and Kucoin need simple withdraw fees.
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Centralized exchanges are the ones I use most often, although I also use decentralized exchanges. Both also give me a different experience, but I think I prefer a centralized exchange, because I think it is safer to use.
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It will depend on the reputation of the exchanges themselves. So far, I commonly use centralized and dex exchanges because they may not only depend on the centralization but also their features, services, and also reputation. I like using Tokocrypto, Binance, Bitmart and Bithumb
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from the beginning I knew cryptocurrency I knew many exchange places but until now I still like the Binance exchange because I see this exchange has a very high trading volume and of course can provide very good price movements.
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I like both, because I really need both. for newly released projects, usually they will open trades on DEX and after that they will open trades on CEX. So I think both will complement, to be honest DEX exchanges are not capable of making fiat money withdrawals therefore, all have their own advantages.
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Centralized exchanges rely on a private infrastructure to match supply and demand. In contrast, decentralized exchanges (DEXs) bring buyers and sellers together. Anyone can access them and trade without intermediaries. That's why I prefer (DEXs).
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In my opinion centralized exchange has certain advantage over the the Decentralized exchange, and these advantages will keep rising it's popularity higher. I think I prefer centralized exchange because it is where the big traders/holders are consistence in buying/selling, and plus moving digital assets from one place to another at any time and with lesser fees.
Although centralised exchanges are vulnerable up to a certain extent, they helped to bring cryptocurrency into the masses. It has also been essential in the formation of crypto markets that we see today
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I prefer a decentralized cryptocurrency exchange over a centralized one. This concerns the safety of your assets, thereby trying not to lose them. Today there are many exchanges that I offer to make a deposit and then withdraw funds. The cryptocurrency exchange never asks for a deposit.
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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
FOr bank, We wshould use CEX, I think CEX is better for withdraw to own currency.
But talking about big community as trader, Im think DEX is better.
Cex is safe for yor asset, but DEX will give us more advantages, KYC is no problem as long as the exchange is ver reputable,
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Which exchange is best between these two
Centralized and decentralised both exchanges are very good if exchanges have popularity and securities. Some exchanges decentralized cuts a lots of transactions fees which already victimed us .. uniswap and others ERC 20 based decentralized exchanges. But Binance smart chain based decentralized exchanges have a lower rate fees transaction that's very much easier to use.
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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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Which exchange is best between these two
Centralized and decentralised both exchanges are very good if exchanges have popularity and securities. Some exchanges decentralized cuts a lots of transactions fees which already victimed us .. uniswap and others ERC 20 based decentralized exchanges. But Binance smart chain based decentralized exchanges have a lower rate fees transaction that's very much easier to use.
If a person is well versed in the cryptocurrency world, then he will use the services of both centralized and decentralized exchanges. There are advantages everywhere and a person has the right to determine for himself the most profitable exchanges from the majority available on the cryptocurrency market.
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Both CEX and DEX are preferable for me. But i'll select DEX at first place rather than using CEX. Also, gas price is ridiculious at this moment, but it will come to previous position in near future. Also, CEX are great in terms of doing transections quickly with low fees except ethereum mainnet.
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Which exchange is best between these two
depending on my needs, if I have to use CEX then I will use it but if not, I'm currently active in CEX, it's just that what I choose is one that already has a good reputation like binance and FTX.
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Which exchange is best between these two
For now I most often used centralized though I I also used Decentralized but very seldom, and it is more faster for me to use centralized exchange when it comes to transfer my earnings here in cryptocurrency going to fiat currency. Just like example Binance was one of the useful platform for me especially for day trading as well something like that.
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DEX exchanges on the Ethereum blockchain have huge transaction fees. In addition, there is a commission to be paid for any action. It is also impossible to place a pending order on DEX. For me personally, CEX looks more attractive. But there is always a risk that the exchange will be hacked.
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it depends on what they are used for if it is to change crypto between them then decentralized exchanges are used, my favorite is pancakeswap, instead to go out in fiat we have to use a centralized exchange but now better, trusted ones all require kyc,my favorite is binance
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Which exchange is best between these two
Only pancakeswap Decentralized exchange and Binance centralised exchange very much favourite for me . But sometimes I prefer uniswap and kucoin exchange for trading coins.
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I currently prefer decentralized exchanges the most. Currently it is much more popular. I think most traders prefer decentralized exchanges. So decentralized exchange is important in the list of popularity nowadays. Documents are not required for the transaction. No problem with different documents. So it is everyone's favorite.
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In my opinion, it does not matter to me Centralized or Decentralized important thing is it should be reliable to trade on but you can not depend on only one of them because if you have coins that are only listed on the Centralized exchange then you have to use it if you want to sell it so it also depends whether you have coins of Centralize or Decentralize exchange.
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As far as I know, there are no centralized exchanges in the cryptocurrency market, but if you answer the question, then of course I prefer a centralized exchange, because I don't believe that decentralized exchanges really are.
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Trading globally takes place more often on DEX.
Some do not want to proceed with CEX's KYC requirement.
Some gigantic business man don't prefer to kyc . In cryptocurrencies accepted countries tax mandatory . If you want to trade on CEX then you must be included into TAX.
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In my opinion, it does not matter to me Centralized or Decentralized important thing is it should be reliable to trade on but you can not depend on only one of them because if you have coins that are only listed on the Centralized exchange then you have to use it if you want to sell it so it also depends whether you have coins of Centralize or Decentralize exchange.
Now all tokens that are traded on centralized exchanges are also traded on decentralized ones. Of course, there are much more commissions on DEX than on EVERYONE.
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Which exchange is best between these two
I think I like both, sometime I used decentralization , to trade my coins.
At several time I used centralization to wd my coins.
I think both are very useful.
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Which exchange is best between these two
IMO, I believe it depends on your purpose, and reasons why do you use that exchange, whether it is decentralized or centralized. and honestly speaking I am a long-time Binance exchange user and the purpose why Im using Binance is due to the large volume of trading and plenty of cryptocurrencies listed there but today it has changed when BSC become popular im always using a DEx nowadays for trading BSC tokens. and my personal choice is still the Centralized one.
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I use mostly centralized exchanges. I'm just so used to it and they seem convenient and reliable to me.
Very rarely I use uniswap. For me, the most suitable exchange is binance
Most of all, I prefer a decentralized exchange, since it does not particularly require QC to carry out verification on the exchange. In principle, there is no difference to pass KYC, if this is the case.
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Honestly, it makes no difference to me which cryptocurrency exchange to use, but for example, in the last few years I was prefering to use centralized exchanges because the gas price on the Ethereum blockchain has been growing already several years and it becomes almost impossible to trade on decentralized exchanges, and of course I am in favor of those cryptocurrency exchanges where you can trade without kyc.
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Honestly, it makes no difference to me which cryptocurrency exchange to use, but for example, in the last few years I was prefering to use centralized exchanges because the gas price on the Ethereum blockchain has been growing already several years and it becomes almost impossible to trade on decentralized exchanges, and of course I am in favor of those cryptocurrency exchanges where you can trade without kyc.
It is better to trade on decentralized exchanges, but then there is the question of withdrawing funds. Of course, I do it through a centralized exchange and most likely many people do it. The issues of centralization of cryptocurrencies are very serious and I think that over time there will be more centralized exchanges.
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I have never really had any problem trading on both types of cryptocurrency exchanges even though I noticed the fees for some decentralized exchange transactions. I would however say that I still use the centralized changes more because I think there are more fluid and with fewer fees too.
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depending on where the coins you have can be traded
I personally trade according to the direction the coin was first introduced in the exchange for new coins
for old coins i prefer to trade on dex
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For people who have been in Cryptocurrencies for a long time, surely they will have no problem where they will choose centralized exchanges as well as decentralized exchanges. Actually both of these exchanges are good, but sometimes the only problem is the trading fees. Because fees on decentralized exchanges for certain networks (e.g. Ethereum network) are very expensive. So I myself prefer to trade on a centralized exchange over a decentralized one.
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For me, there is no particular preference for trading. But recently, I prefer decentralized exchanges. I mainly traded on Binance, but since the mandatory KYC procedure, I have given up on this exchange. In principle, I do not want to go through this procedure. Moreover, the BSC blockchain provides excellent trading opportunities.
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Which exchange is best between these two
I always prefer CEX. I have an experienced that become hacked and different time on the past on etherdelta. So it is very clear me to say that CEX is more better than DEX. Its true that in recent times DEX are very popular than CEX but i think we can be Safe on CEX. I have used DEX in recent days never found any issue you guys can also use it until facing any issue.
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Both are okay. Decentralized or centralized does not a problem. It depends on our own will what we should choose to use for our trading, deposit and withdrawals activity. As long the exchange is safe, low transaction fee, audited, and secure no problem to use. We are after to security and affordable fees.
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Both are okay. Decentralized or centralized does not a problem. It depends on our own will what we should choose to use for our trading, deposit and withdrawals activity. As long the exchange is safe, low transaction fee, audited, and secure no problem to use. We are after to security and affordable fees.
You're right. Each user of the cryptocurrency market can choose for himself the most ideal way to earn money, as well as their subsequent withdrawal to fiat. And it's very wonderful that the market gives such opportunities for a flight of fancy. After all, we are all individual and the cryptocurrency market is ready to offer its own version for everyone.
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Personally i prefer DEX'es because you can't usually find new project on CEX's. For example I have investment on $LFW and i only could invest on DEX. GameFi's are so popular and as a chasing big profits,im always looking for DEX's first. LFW is one of the most promising one,i highly recommend if you like play2earn projects.
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If you look at the cost of gas for transactions of ether for decentralized exchanges, then the answer is obvious. If exchanging tokens on other blockchains, it certainly does not hurt so much. Besides, if you are engaged in trading, then decentralized exchanges are very inconvenient.
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I prefer both especially when i want to trade spot and ha ve no clear understanding of how the market works. I use centralized exchanges like binance, okex and bittrex while i used decentralised platforms on bsc and polygon. I will not use ethereum because of the fees.
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I prefer to use centralized exchanges now, especially top centralized exchanges. Centralized exchanges are easy to use and most of them have many crypto coins. While for decentralized exchanges, I think it is sometimes a bit difficult to use because we need to do some steps to connect our wallets. However, it is not something too difficult to learn, everyone can use it by taking time to learn it.
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Exchanges like Binance and Uniswap, pancakeswap being my choice, I will choose both exchanges because new tokens will always be listed on the Dex exchange, even though it costs a lot, but the amount of profit is also large, because some new tokens that have just completed the IDO will register on the exchange Dex by placing a number of Liqpool
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In all my needs, I think I would go with the centralized exchange. Why? Your tokens are still in your wallet all throughout the trade(theoretically) and there is a little bit if security
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Which exchange is best between these two
Binance and bitmart.
Binance is always be number one of exchange, the largest of market.
At bitmart I always do trading in new coins, I think It is more profitable If we can get good or potrnytial new coins tha listed in binance.