Post
Topic
Board Bitcoin Discussion
Re: Hacked Cryptocurrency Exchange Cryptopia Goes Into Liquidation
by
tyz
on 18/05/2019, 23:00:41 UTC
DEX is not a solution of that problem. While the exchange is decentralized, user and his funds are still centralized.

Why are funds centralized on decentralized exchanges? I doubt you understand how decentralized exchanges work. Exchanges like Cryptopia play the intermediary role between the buyer and the seller. (Real) DEXs allow to do a trade without intermediary and thus, there is no centralization.

I recommend to read this article https://coincentral.com/dex-decentralized-exchanges-explained/