Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: emmybd on December 09, 2020, 08:46:04 PM
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DeFi is the short form of decentralized Finance. It's a system by which cryptocurrencies can be exchanged. On the other hand, CeFi is the short form of Centralized Finance. It's a service by which all orders are controlled by one central exchange.
In decentralized exchanges primary decisions are made by the organization. And in centralized exchanges primary decisions are made by the person who is at the top of the organization or by the top management. In decentralized exchanges most of the planning and strategy are set by the organization. On the other hand, in centralized exchanges most of the planning and strategy are set by the top management. In decentralized exchanges decision can be taken very fast but it takes some time to make a decision in centralized exchanges. For large sized organization decentralized exchanges are suitable and for small sized organization centralized exchanges are suitable. In decentralized exchanges employees feel highly motivated as they are also get opportunity to make decision but in centralized exchanges employees feel demotivated as they don't get opportunity to make any decision.
CeFi and DeFi both deliver a wide range of cryptocurrency. Both of them are popular in their own way.
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CEXes are still far ahead of DEXes bit DEXes are really catching up, the major hurdle for DEXes to cross is the speed if they can offer the speed of less than 5sec per transaction I think people will less go alot of things. Alos they need to scale down the trading fee, I believe this would happen with more users coming onboard.
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I love decentralized exchanges because it has much more security and yuo have full control on your money nothing to fear about. But centralized and decentralized exchanges have their own advantages and disadvantages.
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I think it's hard to say the two of them can work easily between DeFi and CeFi.
Centralized Finance is like the word the best choice for exchanges that require a gateway to the entrance to the real world, like the money coming in from Fiat.
Decentralized Finance is like the parent word for cryptocurrency finance because Bitcoin is still Decentralized Finance worldwide.
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Both have their disadvantages and advantage. In CEFI makers and takers make it easy for liquidity to be steady on the market but for defi liquidity is always not guaranteed. But defi is safer because you coin is with you.
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All the bad names for crypto, come from bad security, of centralized exchanges. If you want fast centralized transactions, VISA and MASTERCARD are fine. Why bother with crypto? Crypto is decentralized, and DEX are it's natural place.
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The most popular of the decentralized exchanges is Uniswap. Has been able to gain much more popularity nowadays. Plus this dex has its own tokens, made with the ETH platform. Much more popular. However, there are many exchanges between the centralized exchanges, which have gained popularity all over the world.
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Both these exchange types have their own advantages and disadvantages and moving forward I think we will see instant swaps and hybrid model will be the most preferred model in my opinion.
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Yeah, now is the era of DeFi and also Cefi. However, are they really only popular because of hype or they are really promising as new projects? if it has a relation with the dex or CEX exchanges, I think that DeFi will probably be in the decentralized exchanges. But in fact, some centralized exchanges also offer DeFi projects. Can Decentralized Finance be decentralized?
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The cryptocurrency marketplace is now a global force and has started to be diversified in a lot of ways and direction hence any platform decentralized or centralized can find its own targeted market as long as the platform is well-managed and is responding to the needs, wants and desires of its users. In the past, we saw the rise of centralized platforms, and we know now their advantages and disadvantages. In response to those perceived and real disadvantages, we realized that we need decentralized platforms to take its place. Bottomline is that this is all a matter of preference. Let the market win.
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When talking about decentralized exchanges those people have control over their asset store in the exchange wallet but Centralized exchange is where we see a lot of manipulation by the terms and police's that governs its use, but it's important to understand terms and services of both Decentralizes and Centralized although two of them have their own way of operations.
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I really agree with both Cefi and Defi, both of them have various types of coins respectively. Which we can freely choose as we like to invest there and adjust to our desires and abilities. This makes crypto more colorful.
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Decentralized exchange because it has a lot of security and you have complete control over your money so there is no need to worry. These two types of exchanges have their advantages and disadvantages and I think we will see an immediate exchange.
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Decentralized exchange because it has a lot of security and you have complete control over your money so there is no need to worry. These two types of exchanges have their advantages and disadvantages and I think we will see an immediate exchange.
Very well said. Having complete control of your money, outweighs the big liquidity of centralized exchanges.
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In addition, In terms of features, centralized crypto exchanges have the edge over decentralized ones. You can perform margin trading, use portfolio management tools, and use multiple advanced order types to trade better.
Decentralized crypto exchanges have quite limited types of orders and don’t offer margin trading (and similar features) to their customers. However, this feature may be added when more advanced decentralized platforms enter the market.
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In fact, both Cefi and Defi both have a big influence in crypto. There are many types of coins, both of which are very potential in crypto. And I also believe both of them are equally important and provide a special experience for the devotees. I also have the desire to be able to try investing in both.
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In decentralized exchanges primary decisions are made by the organization.
If an organization is in charge of making decisions of a platform then how it became decentralized? what you have said here is the concept of a centralized exchange. On the other hand, a decentralized platform is community-driven and its decisions are made by the community itself, not by any organization.
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Both centralized and decentralized exchange sites are good the centralized exchange site is under the control of the government and it is worthy of support everywhere but decentralized sites are not under the control of the government but have not been legalized everywhere. Decentralized sites are in high demand for online work but with the passage of time decentralized countries like decentralized will gain legitimacy and its circulation like the fiat currency will increase.
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Decentralized exchanges are very easy to use for crypto users who want to be anonymous, in contrast to centralized exchanges, for certain transactions require some personal data for KYC, DeFi and CeFi will be the choice of crypto investors and traders, whether they want full control over their crypto assets. own or require a third party on a centralized exchange platform.
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After many years, of promoting Linux and Open source software (since 1997), and crypto (since 2010), I came to a sad conclusion. The masses, do not want to take responsibility for their lives, so decentralization, will be suited, for a big minority.
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Binance, Kucoin, OKEx, houbi, probit, hotbit, MXC, bitmart, the best among the centralized exchanges. However, Uniswap is the best of the decentralized exchanges. So I think these occupy a lot of space in the market.
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Binance, Kucoin, OKEx, houbi, probit, hotbit, MXC, bitmart, the best among the centralized exchanges. However, Uniswap is the best of the decentralized exchanges. So I think these occupy a lot of space in the market.
Uniswap is full of the shit projects and because it's a decentralized exchange it's not very hard to list any project there and open a swapping pair. It's very easy to be scammed there if you do not know what you are doing. Lattice, Injective protocol, and loopring are some dex that is meant to do something really good.
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Some Decentralized exchanges: UNISwap, sushiswap, mooniswap, fordelta, idex , tokenjar, stex, etherflyer
Semi centralized: vindax, marcatox, P2Pb2b, whitebit, coinsbit, ...
Centralised exchange: Binance, Okex, Houbi, Kucoin, kraken, bitfinex, Bitforex, bittrex, coinbase pro, bithumb Global, bilaxy and others...
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Defi project is much better as the exchange came at the right time. Although the popularity of centralized and decentralized exchanges is much better. The popularity of centralized and decentralized will increase in the future because the future of cryptocurrency marketing will be much better no matter what the token is.
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Some Decentralized exchanges: UNISwap, sushiswap, mooniswap, fordelta, idex , tokenjar, stex, etherflyer
Semi centralized: vindax, marcatox, P2Pb2b, whitebit, coinsbit, ...
Centralised exchange: Binance, Okex, Houbi, Kucoin, kraken, bitfinex, Bitforex, bittrex, coinbase pro, bithumb Global, bilaxy and others...
Nowadays top rankings decentralised exchanges (Dex's) are top volumes actually I mean uniswap Which has no sell and buy orders. If enough liquidities pool having then you can buy and sell your products otherwise you can't.
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Both these exchange types have their own advantages and disadvantages and moving forward I think we will see instant swaps and hybrid model will be the most preferred model in my opinion.
Instant swapping based exchanges now becoming more and more popular but the main advantages that most of the projects recently turns into scams due to auto instantly swapping. Because it has no security to list and creating trading pairs.
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Centralised and decentralized exchange You have spoken very well about me. I didn't have much idea about this. I have learned a lot from reading your post.
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From centralised exchanges lists, I support and use binance, kucoin, bithumb, okex etc . centralised exchanges having more securities than the decentralised exchanges.