Centralised Exchange VS Decentralized Exchange
Why these days big Exchanges are Running Like Crazy Mens Behind Opening Up a Decentralized Exchange ‼.
As of Now Most Big Exchanges Holding Centralized Platform and All of Them Wants to Go into a Decentralized Platform.
Here are the pros. And cons. Of Centralized & Decentralized Platform
Centralized Exchange
Pros.:
- Advanced features
- Easy to Use (not for all)
- Advanced Tools
- Liquidity
Cons.:
- Exchange Control Funds
- Personal Documents Require (for some features)
- Maybe Face with Downtime or Hacking Could Happen
- Not Anonymous
Decentralized Exchange
Pros.:
- User Control Their Own Funds
- Anonymous
- No Hack for Central Server or No Downtime
- No Trading Fees
- No Personal Documents to Apply
Cons.:
- Not Easy to Use (not for beginner)
- Basic Features
- Only if Your Computer Gets Hacked, You are doing say Bye Bye
That's the reason why big guys are running behind to open up a decentralized exchange
Here are some articles of exchanges that are going to open up decentralized exchange
ALTCoin.io is Really Good Decentralized Exchange
(http://bit.ly/2JdScpI)
Binance Announcement Here
(http://bit.ly/2J7LbuP)
Coinbase Announcement Here
(http://bit.ly/2kKgixX)
iDEX is Also One of the Good Decentralized Exchanges Out There
(http://bit.ly/2J4GEsN)
But Keep in Mind These Decentralized Exchanges are all ERC20 Based Exchanges, Means You Can only Trade Via ETH Pair as of Now.