Post
Topic
Board Beginners & Help
Re: Are you tired of centralized cryptocurrency trading platforms?
by
rancidgash
on 09/10/2018, 10:37:10 UTC
Most crypto traders make use of centralized trading platforms, like Binance, Bitmex, Poloniex, Bittrex etc… The hype around these platforms made it appear to most guys in the cryptospace as the only available option, very small percentage of the crypto traders population have an idea on how decentralized trading platforms works.

Obviously centralized trading platforms are easy to use and all that! , but that’s not the best the technology can offer, I believe the future lies in decentralization, with that we can achieve “maximum” security. Personally i trade on a decentralized platform, because i got tired of the issues surrounding the centralized systems.

You say that centralised exchanges are easy to use.. Yep, they usually have nice dashboard and you can quickly learn how to use them.
However, there is a new, big problem. Governments require from centralized exchanges a very accurate user verification and control of financial flow. It is expensive and take a lot of time. It seems to me, that in a short time, users will prefer to use decentralized exchanges rather than wait for weeks to verify the documents, or pay still higher and higher fees.