Post
Topic
Board Beginners & Help
Re: Are you tired of centralized cryptocurrency trading platforms?
by
wuvdoll
on 11/10/2018, 08:47:21 UTC
very small percentage of the crypto traders population have an idea on how decentralized trading platforms works.

How can be so sure with this line? because most trader do use up centralized exchange doesnt mean they dont know how to use DEX? I dont think so, i do rather believe that most people do know how to use that if not then using dex arent really to technical even having an average knowledge on how crypto works will definitely get the idea on how to use up. I know how it feels on going contrary on how should crypto be but dealing with fiat transactions you wont really have any choice.
I agree, everyone uses centralized exchanges as they have normal trading volumes and everyone knows about decentralized exchanges.
The thing actually is that when it comes to user interface, when it comes to easy usage, decentralized cryptocurrency exchanges have not been able to get that into play yet and with that, it would always be hard to see liquidity in place when compared to centralized exchanges.

At this moment, we really cannot do much than embracing centralized exchanges for big volume traders, at least as long as they are compliant to a particular country's law and policies and you are somewhat covered as a user. I would not want to trade where I know to get out of a position will be difficult because of liquidity, would I ?