Post
Topic
Board Altcoin Discussion
Re: (Yes or NO) The 2020s belong to DEXs
by
oscarftw
on 26/02/2020, 23:59:07 UTC
When up-and-coming DEXs become more convenient than Binance...

Projects like:

Stakenet
Komodo Atomic DEX
Nash
Blocknet
Bisq
Switcheo
Loopring
IDEX
WAVES
Bithumb
...And many more...

Why would anyone ever want to keep using centralized exchanges, especially when their volume becomes irrelevant?

Why would anyone voluntarily send their funds to a wallet on a vulnerable exchange where they don't own the keys and their funds could be frozen at the drop of a hat?

I think the days of centralized figureheads acting as gatekeepers are numbered.
For low transaction fee decentralized exchange could frozen you favorite tokens, I faced this problem I'm Idex exchange. Dex can't popular because of rest of the coin. Centralized is secure and trust even after hack they refund your money as did Binance. For this reason users voluntarily send their fund to centralized exchange. Limited belong to Dex this year.