Post
Topic
Board Altcoin Discussion
Re: How would crypto fare without centralized exchanges?
by
Bertyda
on 04/05/2022, 18:20:19 UTC

On centralize exchanges accounts of users can be blocked. Also there are hackers who hack centralize exchanges. That is why many people prefer to use DeFi. For DeFi security is important like this https://twitter.com/MissionDogeOne/status/1506922981636952066

It is very important to check the trading volumes on centralized exchanges, because liquidity is very important for cryptocurrency exchanges.
Also it is necessary to pay attention to the projects that cryptocurrency exchange offers for traders for profitable trade.

Because on cetralize exchangers accounts of many users are blocked for different purposes many people do not trust centralized exchanges and prefer to use a decentralized one.