Post
Topic
Board Trading Discussion
Re: Compliance exchange or decentralized exchange, which one do you prefer?
by
Coin919pro
on 10/04/2020, 08:03:20 UTC
There are more and more centralized exchanges, but less and less trust. Which one do you prefer between regulated compliance exchanges and decentralized exchanges?
How about waiting it out till there appears some regulation among crypto exchanges as what should be the average listing fees and the average listing time. We have seen exchanges cheat on ICO project owners, even if the latter are nothing but scams, asking for exorbitant sums of money for listing their coins. They have no chance but to move to a less known more suspicious exchange for allowing trading of their coin.

Decentralized exchanges do avoid this situation but the scams will never decrease. Since the owners of DEXs remain anonymous in most cases they are hard to track down without cybercrime support. Even then recovering the funds is something that nobody is capable of without bruteforcing the private key.

The legal aspects of usage and trading of crypto is what is needed next before anything can be done in this sector.

YES!Perhaps we need to understand whether these thousands of digital currencies are necessary before the exchange. There are only a handful of digital currencies that can show value.