Quote from: jaaeeeyyyy on July 13, 2018, 01:15:42 PM

Quote from: XCryptoFund on July 12, 2018, 09:19:31 AM

Hello guys, hope you are doing well

With the rise of ICOs and new projects working on Decentralized exchanges (DEX) and raising millions, I'm wondered how people in the crypto community perceive it and why a lot prefers DEX rather than centralized exchanges. Indeed we have seen many interesting projects with hype, such as IDEX, Waves or Stellar, and some looks really promising like NEONEX.

Decentralized Vs Centralized exchanges: Where do you stand? And why?

I bet on centralized exchanges because it has third party service to extra protect our funds even with more fees to pay. Decentralized exchanges are prone to hacker attacks since it has only a main system to hold their customer's funds. Centralized exchanges limits our move because they want their customer to be secure and no conflicts between the buyer and seller.

To be honest some decentralized exchanges like fork delta A.K.A etherdelta are abused by those pump and dump groups because you can manipulate and control your buy and sell order, for example you can manipulate to pump the price by buying your own sell orders with high price and this system are really abused by those greedy people(But I'm not telling all DEX are not good to use). I agree with you about Centralized exchangers, they are better than those decentralized exchangers in terms of security issues and gives you more assurance that your coins or tokens are safe in their platform. Cool