Post
Topic
Board Speculation (Altcoins)
Re: Big money moving in next year, means greater demand for DEX projects?
by
LeoBTCGod
on 21/05/2020, 00:49:58 UTC
The idea that Privacy lovers can start using Dex exchanges more than any is highly possible but not all privacy coins will be delisted from Centralized exchanges, and again pray that this never happens, privacy coins are lagging presently and if eventually every single one of them get delisted from Centralized exchanges there will be problem, why? Dex has no good volume, bad experience overall, low Liquidity and Dex doesn't solve hacks

I see nothing wrong with delisting private coins from centralized exchanges. Any centralized exchange contradicts the ideology of private coins. I think it will be good if they are used for what they were created for - which means they will go past centralized exchanges and will be used directly by people.

That's true, but there aren't really that many people who transact between each other, so privacy orientated coins fits nicely on decentralized exchanges.

That is not the point here. Whether they do buy privacy coin or simply BTC alone. They need to be anonymous and skip KYC no matter what and if they stay in centralize exchange, they are required the mandatory submission to KYC/AML which in turn doesn't make them anonymous.

They can be anonymous buying just about any coins as long as they are in the DEX which is why they need to move out from CEX. And if all these takes place, the liquidity could improve to be enough for good trading volume.

That's pretty much what I meant. Anyone looking to get into privacy coins should do so on a DEX, and NOT a centralized exchange which can easily match your identity with your Monero address you use to withdraw to.

However, if you buy BTC on Coinbase, send it to your wallet. Open up the Blocknet DX platform, and exchange it for a privacy coin, nobody can track you down, since as soon as you exchange for another coin, you're trails are vanished pretty much.