Decentralized and centralized

[Andri937]

The question is whether the decentralized exchange is lame or profitable? I got a good review on this matter https://this Url is blocked due to spam/en/blog/decentralized-exchanges-pros-and-cons. Actually, I think that decetrilized exchanges are getting popular and I don't know a good reason no to use them. But, maybe I missed something, is there other opinions or ideas?

[Altcoin1998$]

Decentralized and centralised exchange have a definite difference,, day by day decentralized exchange increases hugely but they don't have more popularity. Binance, OKEx, Houbi global, BIKI, gate.io, coinbene, kucoin etc centralised exchange ieo complete 100% in short time but decentralized exchange ieo not complete due to popularity.

[Leonardo]

I don't know a good reason no to use them. But, maybe I missed something, is there other opinions or ideas?

Not centralize exchanges, decentralized exchanges, are the real missing pieces of cryptocurrencies. With decentralize exchanges, you directly trade with other people from your fund. It's unlike when you trade on Binance or any other centralized exchanges, you have to deposit to Binance's wallets and that's the problem. Hack!! Your fund may disappear after one night because of hack. In fact, no one knows if it's internal hack or hack from outside.

[@chison]

Yes they are getting very popular. More innovation even coming into it. Like the INJECTIVE PROTOCOL DeX that is a 2nd layer DEX that can aggregate liquidity from other DEX

[ShadowInTheFog]

Dealing with DEX-es has become a treat recently, just take a peek at UniSwap volumes, its insane. But I totally get it and support it, polished UIs, speed, no need to register, no withdrawal limits etc. The amount of progress in this sector is huge, just remember the old Waves DEX from 2018, it was atrocious if comparing it with todays DEXes.

[auntyjmary]

The idea behind blockchain technology and cryptocurrencies lies in decentralization hence moving towards centralization implies shifting  away from the main agenda. I will always choose a decentralized exchange over a centralized one. To be on the safer side, I even store all my coins on a  decentralized wallet like that of atomicwallet.io, which is truly non-custodial.

[@chison]

Decentralised exchanges have advantage because of individuals having their fund with themselves. Exchange like INJECTIVE protocol is also built to be fully decentralised

[Gurujebs]

Traders will always prefer centralized exchange because of its centralized. That's where order book are been manipulated and regulate the market by the whales. You can't do that on a decentralized exchange like uniswap.
Decentralized exchanges are gaining popularity recently expecially with the Defi hype.

The utility tokens of decentralized exchange outperform centralized ones this year and with moderate volume. If Defi don't end up as Ico period, we will see more growth of decentralized exchanges.

[zulfi125]

Everyone likes centralized exchange because have different altcoins trading that is multi-blockchain coins, but in decentralized exchange, you can trade only those tokens that are related to specific blockchain

[Gurujebs]

Everyone likes centralized exchange because have different altcoins trading that is multi-blockchain coins, but in decentralized exchange, you can trade only those tokens that are related to specific blockchain

if you read the article posted by OP, you will understand that your reasons for comparing the two is not merit over Decentralized though its limited.
Decentralized exchanges can either be currency-centric or currency-neutral.

Some decentralized exchange (currency-centric) allows their users to trade using a single blockchain e.g Uniswap on Ethereum blockchain while some decentralized exchange gives their users freedom to trade other coins on different blockchain though, such decentralized exchanges are limited in number.