I have experienced a lot in trading Exchanges. While I have seen some steps.
There are some disadvantages of Centralized exchange.
- 1: We can't say that the real amount of BTC or USD is real or not we can't even say in Binance that the traffic and volume are legit or not.
- 2: The authority of all transactions is in the hand of Admins (Means they can easily lock our account if we have more value in our account. We have seen a lot of cases like that.
In that case, I prefer to go for Decentralized Exchanges. Because everything is in our hands even the transaction and we can see the real amount of traffic and real volume so I guess Decentralized is much better.
But I am facing one more issue there are no features. I have seen one project MeterQubes they are providing more services and features in Decentralized Exchange. So I guess this is the right time for Decentralized Exchanges to take a position in a market.
Here is the video of MeterQubes. I would like to know a suggestion about the community what they are saying about it?
Here is the video:
https://www.youtube.com/watch?v=pZpW__JOM0Y