Centralised Exchange VS Decentralized Exchange

in #cryptocurrency8 years ago

main-qimg-b27d1b8493d76664e5de8d54a31648a5.png

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.:

  1. Advanced features
  2. Easy to Use (not for all)
  3. Advanced Tools
  4. Liquidity

Cons.:

  1. Exchange Control Funds
  2. Personal Documents Require (for some features)
  3. Maybe Face with Downtime or Hacking Could Happen
  4. Not Anonymous

Decentralized Exchange

Pros.:

  1. User Control Their Own Funds
  2. Anonymous
  3. No Hack for Central Server or No Downtime
  4. No Trading Fees
  5. No Personal Documents to Apply

Cons.:

  1. Not Easy to Use (not for beginner)
  2. Basic Features
  3. 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.

images.jpeg

Coin Marketplace

STEEM 0.04
TRX 0.32
JST 0.090
BTC 62514.68
ETH 1760.52
USDT 1.00
SBD 0.39