Quote from: enhu on November 14, 2019, 07:14:57 PM

Quote from: GucciBoy on November 14, 2019, 07:08:23 PM

Quote from: boris1044 on November 13, 2019, 07:40:08 PM

Quote from: GucciBoy on November 13, 2019, 07:09:22 PM

Quote from: Wintersoldier on November 13, 2019, 02:30:19 AM

Quote from: crazy-pilot on November 09, 2019, 05:56:34 PM

I really like decentralized exchanges and I hope that they will become popular in 2020. However, many people do not use decentralized exchanges due to trading volume.

honestly, it is not just the trading volume that I consider in choosing an exchange. I am also not certain to connect my wallet directly to the dex exchange, though I have the private key, the regulation, and convenience that a centralized exchange is what I want to consider. Most of the time, the volume in DEX is determined by traders, and it might not be the reason why people don't want to trade in DEX since the volume can be achieve if the crpyto do really is performing well in the market. It is the regulation that centralized exchange provides, despite of wallet security or also known as "not your keys, not your coins".

True! A friend of mine has traded on DEX's for a few months already, and otherwise used exchanges with no KYC. He's a very "private" person, told me NOT to tell anyone of our friends that he even owns any crypto.
There's a LOT of people who straight up AVOID exchanges with KYC, because they want to remain private. Makes sense, it's the reason BTC was created in the first place. It's nobodys business what you trade and hold.

Guess what? KYC/AML is coming to every exchange, be it a CEX or a DEX.

No it's not. What makes you even think that? A real DEX is not owned by anyone. Based on your logic, everyone of us would have to undergo KYC every time we access the internet, which isn't true at all. Use a prepaid phone, and jump on an open Wifi connection, and you're pretty much anonymous.

I think you need to do some research here buddy, as decentralized trading works just like when you download torrents. These transactions happens between users, and no one else.

Several DEX are owned by people just like Mcaffees and Ivanov, there is a possibility that they may ask KYC if government asks them to. The one DEX that might not really be compromised by government is blocknet since you can install the exchange itself. The problem with blocknet is that there isn't much coins listed to it, they don't even have ETH there.

A DEX is not owned by ANYONE. Jesus christ, does nobody here even understand what a REAL DEX is? A real DEX is DECENTRALIZED - Meaning NO one controls it. Sure you can "start/launch" it, but once you've done that, it's no longer in YOUR control. Any "DEX" claiming otherwise, is not a real DEX. Simple as that.

This means, that while the devs are asked to pull down their DEX nodes by the governments because it's "illegal", it doesn't make the DEX dissapear. It's the same as when they shut down ThePirateBay. Did torrents and file sharing die? NO!!!!

Not trying to offend anyone here, but it frustrates me that nobody seems to understand the bigger picture here!

Quote from: WalkerIVIV on November 14, 2019, 11:27:37 PM

Quote from: EmmaBen on November 14, 2019, 08:24:25 PM

It goes to show how huge crypto is becoming.. These exchanges keep raking on serious profits in fees and charges. No wonder a lot of prospective project developers are going into exchange developments. Truth is, this will get even bigger with more crypto adoption and recognition.

I ask you, how much DEX are getting huge volumes these days? compared with the centralized exchange site and DEX is charing a little fee caused by anytime you must pay to the blockchain and not with the developer of the dex. The majority of developers are going for centralized exchange site

What is your point? That's like arguing back in 2010, that BTC was useless, because it didn't have an exchange? Or claiming that Facebook would never succeed, because we had Myspace.. The crypto world is forever changing, and if you invest based on what's happening RIGHT NOW, contra what you believe will be BIG someday, you wont profit as much.

This is the same logic as saying: "Naah, Why would I buy BNB coins for $0.1. This exchange has NO VOLUME" Yet we've seen the price rise to $20+ since these guys listened to the crypto community.
Let me ask you a different question, WHY did Binance launch their OWN "DEX" ? Answer me that. Wink