Wouldn't decentralized model make the exchange really slow for it's users?
There is some lag as all your actions have to enter the Blockchain, it feels like an exchange that's running under heavy load, but we are talking a few seconds delay at most. It's a small price to pay
for being in control of your funds & not having to deal with withdrawal limits or giving up your personal information.
this is wrong. your funds are stored in centralized gateways and not in your hand. decentralized gateways are on the roadmap, but the team stopped completing their roadmap month ago. pls beware to see this exchange as a safe wallet
This is one of the concepts im struggling with as well, I have been playing around with this exchange for a couple months now off and on and I still can't really say that i understand it.
So if the gateways hold your coins do they have access to those private keys? Also confusing is the difference between local wallet and cloud wallet....there are like 4 different kind of keys in your account...almost like steem...i dont even know which ones i need to backup.
I will say that the staking and bonuses they are offering are pretty juicy right now, staking BCO is very profitable i think