We're all about decentralization nowadays. And while that's a great thing, many people still don't know of some alternatives to centralized services that exists.
In this article, I will try to give as many alternatives to centralized services as I can. There may be a follow up to this post once I find even more services, so stay tuned!
The mantra of crypto is that the power usually given to only one person is split among everyone using the service. This means no government, no rule maker, and certainly no money printer.
However, although this mantra is still in place, many people prefer to use centralized versions of decentralized services, mostly because of the better features that come with those centralized services.
Well, in this post, I'll list a few good alternatives to centralised services, that look and feel almost as great as their centralised counterparts. Let's go!
Centralised Exchange: Binance.com
Decentralised alternatives: Binance DEX.
Binance DEX is basically a decentralised version of Binance. It doesn't have the billions of dollars of daily volume that the regular Binance has, but it's volume is very decent, and it looks nice. Its engine is also very fast, you don't need KYC to use it(duh, decentralised) and it is backed by the Binance development team, which is a pretty powerful team if I'm being honest. In addition, you have an extensive number or trading pairs and get auto matched by the engine. You also get very low trading fees, just like the regular exchange.
If you're not feeling Binance DEX, there's always Pancakswap, and a nice one I found with great liquidity and built in charts is SerumDEX.
Centralised Crypto to Fiat exchanges: Coinbase
Decentralised Crypto to fiat exchange: Changelly
Ok, so this was a very hard place to find an alternative, but I found one. It goes on to say that Changelly isn't really decentralised. However,the fact that you don't even need an account with them to withdraw to your bank is amazing, although the limit on withdrawals is pretty measly.
I believe that many users would be ok with the $1000 a day limit, and all you need is your bank account details. The only downside is that they only offer XRP, BTC, ETH, LTC and BCH as pairs. Bummer.
Centralised savings: BlockFi
Decentralised savings: BUSD pool on Pancakeswap
The BlockFi savings platform is a great savings platform that payts over 8% annyally on stablecoins. However, a great decentralized alternative to it is the BUSD pool on Pancakeswap that pays 47% a year, which is over 5x what BlockFi pays. In addition, you can take your money out from the pool at any time, and there's no punishment for withdrawing.
Pancakeswap pool just offers more freedom.
That's my list guys. Thanks for reading. If you have any other centralized services you use that are not mentioned here, leave them in a comment below and I'll find a decentralized alternative to match!
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