What do you prefer - Centralized or Decentralized Exchange?

[Weidex]

Hello, guys

I've been wondering about what most of the people prefer - centralized or decentralized exchange? Why ?
Do you think DEX is the future mainstream exchange platform?

Leave your opinion below please. Smiley

In the same time check our platform and give a feedback --> https://weidex.market/

[Vlad96]

I think that the mix of centralized and decentralized exchanges is the best solution. We combine their best features in one place

[LanaFlame]

Definitely centralized. There are some reasons for that.

[Pod_Miners]

I think decentralized or else we can combine features of both.

[Vlad96]

Definitely centralized. There are some reasons for that.

And what are the reasons?

[LanaFlame]

Definitely centralized. There are some reasons for that.

And what are the reasons?

Trading volume is higher and of course, such exchanges are regulated by law which actually guarantees that at least they will be prosecuted if something goes wrong

[handycash]

I'll go for decentralized, maximum privacy and security. Well, the government will never allow it, that is the sad part.

[BenFormer]

In my opinion they are both have advantages.
I still mostly use centralized but in future would use only decentralized.

[karldark]

Well both have their advantages and short falls, personally I like the speed, support for numerous blockchains and user-friendliness of centralized exchanges. However, security on dex cannot be taken for granted. If a dex has the above features, I'd definitely start trading on it.

[CryptoWarrior]

Of course decentralization. This is the main meaning of crypto.

[Vlad96]

Definitely centralized. There are some reasons for that.

And what are the reasons?

Trading volume is higher and of course, such exchanges are regulated by law which actually guarantees that at least they will be prosecuted if something goes wrong

And what about privacy? For example, I don't like to pass KYC

[LanaFlame]

And what are the reasons?

Trading volume is higher and of course, such exchanges are regulated by law which actually guarantees that at least they will be prosecuted if something goes wrong

And what about privacy? For example, I don't like to pass KYC

I have nothing to cover actually and if you choose a good EU, for example, regulated exchange, then you can be sure they are under strict law and impossible to sell your private data.

[Snowmoon]

Both centralised and decentralised have their advantages and disadvantages. I'd go for the best qualities of both of them. Actually, I prefer centralised exchange since crypto trading is kinda risky and scammers are all over. So long as privacy is guaranteed and the broker is regulated, then centralised system is the best

[Vlad96]

Trading volume is higher and of course, such exchanges are regulated by law which actually guarantees that at least they will be prosecuted if something goes wrong

And what about privacy? For example, I don't like to pass KYC

I have nothing to cover actually and if you choose a good EU, for example, regulated exchange, then you can be sure they are under strict law and impossible to sell your private data.

You're right, but the problem is that we can not be sure that even well-regulated exchanges are safe. In any case, everyone chooses what they like.

[Andy11]

Centralized!

[LanaFlame]

And what about privacy? For example, I don't like to pass KYC

I have nothing to cover actually and if you choose a good EU, for example, regulated exchange, then you can be sure they are under strict law and impossible to sell your private data.

You're right, but the problem is that we can not be sure that even well-regulated exchanges are safe. In any case, everyone chooses what they like.

I hope the regulations are strict enough not to allow them to disobey the law

[LanaFlame]

I prefer Decentralised exchanges because of its privacy nature and security.
Secondly, alot of manipulation is been carried out on centralised exchanges

What manipulations do you mean?

[X-ray]

Definitely decentralized exchanges if only the liquidation is enough, it offer the best security although giving away the convenience and speed but I guess all that will be paid off, also combining decentralized exchange with privacy coin like veil is really a good combination, by that you have tighten your overall security.

[LanaFlame]

Definitely decentralized exchanges if only the liquidation is enough, it offer the best security although giving away the convenience and speed but I guess all that will be paid off, also combining decentralized exchange with privacy coin like veil is really a good combination, by that you have tighten your overall security.

Veil is the most promoted coin right now ahah Run into it everywhere

[LanaFlame]

Both centralised and decentralised have their advantages and disadvantages. I'd go for the best qualities of both of them. Actually, I prefer centralised exchange since crypto trading is kinda risky and scammers are all over. So long as privacy is guaranteed and the broker is regulated, then centralised system is the best

Is a broker the same as an exchange?

[LanaFlame]

And what about privacy? For example, I don't like to pass KYC

I have nothing to cover actually and if you choose a good EU, for example, regulated exchange, then you can be sure they are under strict law and impossible to sell your private data.

You're right, but the problem is that we can not be sure that even well-regulated exchanges are safe. In any case, everyone chooses what they like.

Well, that means you can not trust governments and laws as well which smells a kind of paranoia ahaha

[LanaFlame]

Centralized!

Why?

[Isu]

I think that this question is not so easy to answers as both centralized and decentralized exchanges have their positive and negative sides. So, as long as they are operational and functioning well, I and ok with both