Do you own or use cryptocurrencies? If yes how how long have you been into this space? If the answer is a long time, then you should know quite a lot of things by now. Things like how bitcoin was created in the year 2009 and started gaining attention from users all over the world . Nothing good comes easy as Rome was not built in a day, the same can be said for the crypto space. Cryptocurrencies over the years has had a hard time in finding its place when it comes to offchain transactions. But as the years went by things began to change, people began to trusts cryptocurrencies so well they could afford to invest a fortune into it. As money was being pumped into cryptocurrency the value of digital currencies began to rise reasonably, as they say, early birds enjoy the most, this is how the early investors earned huge amount of return of investments as the market value kept surging upwards. The bulls were so strong in the year 2017 and most coins and tokens go the Do you own or use cryptocurrencies? If yes how how long have you been into this space? If the answer is a long time, then you should know quite a lot of things by now. Things like how bitcoin was created in the year 2009 and started gaining attention from users all over the world . Nothing good comes easy as Rome was not built in a day, the same can be said for the crypto space. Cryptocurrencies over the years has had a hard time in finding its place when it comes to offchain transactions. But as the years went by things began to change, people began to trust cryptocurrencies so well they could afford to invest a fortune into it. As money was being pumped into cryptocurrency the value of digital currencies began to rise reasonably, as they say, early birds enjoy the most, this is how the early investors earned huge amount of return of investments as the market value kept surging upwards. The bulls were so strong in the year 2017 and most coins and tokens go the their various all time highs, bitcoin being the father of all coins and the most dominant coin in the market, hit its all time high at twenty thousand dollars. The year went buy and the hype began to reduce, and the truth is the level of adoption had not climbed high enough for the coins to be valued do high, and the year 2018 became the year of corrections as many projects had to prove their real level of adoption, worth and use to the people. It is without doubt that this projects would have never been traded without crypto exchange, and for this reason as well there are many crypto exchanges in existence, but only few are note worthy by users in the crypto space and those are the main exchanges used by traders. On the market right now, centralized exchange have most of the top spots when it comes to trade volume and amount of users. This is because decentralized exchanges failed to meet up with the level of trades needed by professional traders and day to day users/ holders of crypto assets. How would you prefer it? Trading on an exchange where you would have to wait hours or days before your order is filled, or an exchange where you will be able to trade in a jiffy? I am sure you will prefer the latter because no one loves stress, and lots of traders earn a living from trading crypto assets. Another truth is that for crypto assets to have a stable value, constant and regular trades have to go on so the force of demand and supply battle to move higher or lower. On most decentralized exchanges due to lack of volume the level of volatility of crypto assets listed there are so high and it has been noted that it volatility is bad if crypto is to become real successful off the chain. Now I believe you understand why centralized exchanges have been chosen over decentralized exchanges over the years , but centralized exchanges also have big disadvantages
REASON YOU WOULD NOT LIKE TO USE A CENTRALIZED EXCHANGE
• As the name implies, a centralized exchange is totally controlled by the owners, which means the assets of millions of users on a centralized exchange are in the hands of a few people or the team. This goes against the main essence of cryptocurrency which is complete decentralization, but as it turns out now that centralized exchanges have the funds needed they still enjoy the power for now
• Lowered security level when compared to decentralized exchanges
• Most are in forhuge profits and tend to reap off users on transactions fees and listing charges
These are few reasons why you may prefer not to use a centralized exchange,but is using a decentralized exchange without enough trading volume worth it? No it is not but have you heard about the deex exchange platform?
A decentralized exchange like no other, combining the advantages of decentralized exchanges and also have the remedy of the issue of low volume on decentralized exchange. The deex exchange is an exchange with vision and for this reason the exchange platform have the resources and strategies to make sure that the deex decentralized exchange possess enough volume to meet the wants and needs of crypto traders. The deex exchange possesses nice features and advantages that differentiates it from its pairs. Security is also a watchword for the deex exchange platform and its team, and for this reason the exchange possesses a remarkable security level which will ensure users are at peace with the exchange
In my next write up I will go deeper into the deex exchange platform and tell all that there needs to be told. Stay tuned to my channel Thanks for reading do come back for more on DEEX
WRITER'S INFO
NAME :- Chris Lovina
BTT USERNAME :- iykejunior