Why are decentralized exchanges better than centralized exchanges for crypto?

[Malenasanz]

Cryptocurrencies are getting high popularity since the witness of rise in bitcoin, altcoins values. The number of crypto traders is increasing along with growth of cryptocurrencies. Mostly, crypto traders' choice was decentralized exchange platforms rather than centralized exchange, since they offer tremendous advantages by cutting down the drawbacks in centralized exchanges.

Traditional centralized exchanges have downfalls as they hold single central server control. It has many loopholes for security and privacy risks. It makes the decentralized exchanges come into action.

Advantages of decentralized Exchanges are,
         
           

• Peer to peer crypto transfers
             High Speed transactions
             No middlemen intervention
            Reduced Transaction fees
            Enhanced Security protocols
            High Efficiency

These kinds of advantages have paved the way for the growth of decentralized exchanges. If you are interested in starting a new business in the crypto space, you may choose decentralized exchange platform development. It would help to facilitate lucrative deals and grab heaps of profits. Blockchain Firm is the right company to be partnered for this successful crypto journey. The experts could provide ideal solutions to drive remarkable business.

[raisajahan]

Decentralized exchange is one which is not manipulate by the particular group of people because it the price actually depend on buying and selling. One the other hand centralized exchange have the scope to manipulate any currency for that reason decentralized exchanges better than centralized exchanges for crypto.

[viki]

I think the biggest advantage of decentralized exchanges is that people can buy and sell freely, without any middlemen. This turns out to be much more profitable, and besides, no one can control such exchanges.

[Ghozrd]

Decentralized exchange is one which is not manipulate by the particular group of people because it the price actually depend on buying and selling. One the other hand centralized exchange have the scope to manipulate any currency for that reason decentralized exchanges better than centralized exchanges for crypto.

For trading maybe yes, but have you seen the rugpull of some of the new coins on the AMM/ Dex exchange?
All exchanges have risks and I think Dex is superior because there is no 3rd party but still have a lot of risks such as losing assets due to wrong login (fake web address) and other many things.

[yawar20]

Decentralised exchanges are so popular among crypto users and project developers because of there low transaction fee and advanced security protocols. Almost all new projects use decentralised exchanges now a days.

[Jaephoenix]

It is easy. Decentralized exchanges have done away with that lugubrious order book and there is relatively less liquidity than its centralized colleague. Each has its pros and cons. Depends on you. I prefer dexes to cexes

[TomPluz]

Decentralized exchanges will be dominating the crypto exchange market in the next few years and this is, of course, because of a lot of advantages we are seeing on matters of security, convenience and access. We know that most centralized exchanges are now implementing the burdensome KYC process so they can be compliant with governmental requirements for legitimacy. However, it does not mean that centralized exchanges will stop doing business as there will always be market for them and if I am operating a CEX I would also be putting up a DEX counterpart so people can have a choice.

[yurez]

I had a sad experience when the probit exchange blocked my withdrawal of coins for 3 months without explaining the reason. Therefore, of course, I am only for decentralized exchanges and for the lack of KYC.

[KaliLinux]

Decentralized exchange is one which is not manipulate by the particular group of people because it the price actually depend on buying and selling. One the other hand centralized exchange have the scope to manipulate any currency for that reason decentralized exchanges better than centralized exchanges for crypto.

I am just trying to get a clarification here, I believe too that, that is what DEX was supposed to be but is that really what it is? Aside from the none KYC for most DEX which is good, Say the price of Bitcoin or any other coin is been manipulated on one of the CEX by whales of whoever will the price of the same coin be different in the DEXs? Presently, Would you rather have an Ethereum transaction done on DEX or CEX?
Both have their advantage and Disadvantages and I use either base on the condition of my trade. 

[masterrex]

IMO, I think the only difference between decentralized and centralized exchange is the security of your data and funds since you will be the one that holds and controls it. unlike the centralized exchange which is a custodial one meaning they have full control of your funds. and they can freeze your funds anytime they want. Aside from that is also liquidity I believe that centralized Exchange has more liquidity compared to all DeX's. 

[Fenix]

However, the reality is that gradually the difference between decentralized and centralized exchanges will blur. States will increasingly influence cryptocurrency exchanges, and as a result, decentralized exchanges as such will simply disappear. Perhaps they will remain in some offshore zones, because the demand for them will remain. We are already seeing big and powerful decentralized exchanges like Binance suddenly starting to implement KYC and comply with government requirements, including sharing certain sensitive information about their customers. Unfortunately, this is an inevitable general trend...

[pelana vreo]

I've been using the DEX exchange since 2016, then in 2018 there were several New Dex including ForkDelta. Idex and Bancor became Dex who have the option of buying crypto using Visa, but some Dex have implemented a KYC system, then I switched to Uniswap exchange and still use Dex exchange.
Cex is actually good, but there are third parties, just like the bank and all control of the wallet does not belong to the user, because at Cex, we don't have the private key of the wallet that we own.

[MrSpasybo]

For me, DEX has more new tokens and new opportunities than CEX. Another advantage is that users own their crypto assets, do not need to use the services of CEX, they are not afraid of CEX regulations or actions: stop working, lock accounts...

[vegasus]

I don't think DEX is better than CEX, each of them has its own advantages and disadvantages. DEX has no KYC procedure, while CEX mostly requires KYC. But CEX has more features and many of them are popular exchanges. We need more features in crypto exchanges to optimize the chance for profits. Top CEX like Binance offers staking, trading competitions, and many other events, these we cannot find out in DEX.

[Speaker]

Dex does not have a kyc procedure... but if a country falls under sanctions, then the residents of that country may be restricted from using the platform. Decentralization is a myth)