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thrive;21119 wrote:Vastextension;20852 wrote:You're not the only one that have this feelings toward centralized exchanges and I believe every Crypto enthusiasts often have concerns about centralized exchanges.
One of the many reason is because centralized exchanges operate as intermediaries and custodians of users funds.
This means that users have to trust the exchange with their assets and rely on them to execute transactions and maintain the security of their funds.
This lack of direct control over their own assets goes against the decentralized philosophy of cryptocurrencies.
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IyaJJJ;21120 wrote:thrive;21119 wrote:One of the many reason is because centralized exchanges operate as intermediaries and custodians of users funds.
This means that users have to trust the exchange with their assets and rely on them to execute transactions and maintain the security of their funds.
This lack of direct control over their own assets goes against the decentralized philosophy of cryptocurrencies.
Centralized exchanges have been targeted by hackers in the past, resulting in significant losses of funds for users.
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joanna;21121 wrote:IyaJJJ;21120 wrote:This means that users have to trust the exchange with their assets and rely on them to execute transactions and maintain the security of their funds.
This lack of direct control over their own assets goes against the decentralized philosophy of cryptocurrencies.
Centralized exchanges have been targeted by hackers in the past, resulting in significant losses of funds for users.
CEX have been a co existing for quite a long time now than the decentralized exchange and that has bring alot focus on the centralised exchange and moreover its has been one exchange that got multiple versions tons of advert due to it nature.
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Vastextension;21122 wrote:joanna;21121 wrote:This lack of direct control over their own assets goes against the decentralized philosophy of cryptocurrencies.
Centralized exchanges have been targeted by hackers in the past, resulting in significant losses of funds for users.
CEX have been a co existing for quite a long time now than the decentralized exchange and that has bring alot focus on the centralised exchange and moreover its has been one exchange that got multiple versions tons of advert due to it nature.
The vulnerability of the Centralized exchange are always threat and moreover the advert affiliated alot of brand that can easily flip back and flaws the Centralized exchange and fund.
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joanna;21121 wrote:IyaJJJ;21120 wrote:This means that users have to trust the exchange with their assets and rely on them to execute transactions and maintain the security of their funds.
This lack of direct control over their own assets goes against the decentralized philosophy of cryptocurrencies.
Centralized exchanges have been targeted by hackers in the past, resulting in significant losses of funds for users.
By storing a large amount of users' cryptocurrency holdings in a single location, they become attractive targets for cybercriminals.
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Vastextension;21122 wrote:joanna;21121 wrote:This lack of direct control over their own assets goes against the decentralized philosophy of cryptocurrencies.
Centralized exchanges have been targeted by hackers in the past, resulting in significant losses of funds for users.
By storing a large amount of users' cryptocurrency holdings in a single location, they become attractive targets for cybercriminals.
This creates concerns about the safety and security of funds held on centralized exchanges.
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thrive;21345 wrote:Vastextension;21122 wrote:Centralized exchanges have been targeted by hackers in the past, resulting in significant losses of funds for users.
By storing a large amount of users' cryptocurrency holdings in a single location, they become attractive targets for cybercriminals.
This creates concerns about the safety and security of funds held on centralized exchanges.
Centralized exchanges often require users to provide personal identification and undergo a Know Your Customer (KYC) process to comply with regulatory requirements.
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Vastextension;21346 wrote:thrive;21345 wrote:By storing a large amount of users' cryptocurrency holdings in a single location, they become attractive targets for cybercriminals.
This creates concerns about the safety and security of funds held on centralized exchanges.
Centralized exchanges often require users to provide personal identification and undergo a Know Your Customer (KYC) process to comply with regulatory requirements.
This can raise concerns among crypto enthusiasts who prioritize privacy as a fundamental principle of cryptocurrencies.
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thrive;21347 wrote:Vastextension;21346 wrote:This creates concerns about the safety and security of funds held on centralized exchanges.
Centralized exchanges often require users to provide personal identification and undergo a Know Your Customer (KYC) process to comply with regulatory requirements.
This can raise concerns among crypto enthusiasts who prioritize privacy as a fundamental principle of cryptocurrencies.
When using centralized exchanges, users are exposed to counterparty risk. This means that if the exchange becomes insolvent, suffers financial difficulties, or engages in fraudulent activities, users may lose their funds.
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Vastextension;21348 wrote:thrive;21347 wrote:Centralized exchanges often require users to provide personal identification and undergo a Know Your Customer (KYC) process to comply with regulatory requirements.
This can raise concerns among crypto enthusiasts who prioritize privacy as a fundamental principle of cryptocurrencies.
When using centralized exchanges, users are exposed to counterparty risk. This means that if the exchange becomes insolvent, suffers financial difficulties, or engages in fraudulent activities, users may lose their funds.
This risk has been evident in cases where exchanges have shut down or faced operational challenges, leaving users unable to access their funds.
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thrive;21349 wrote:Vastextension;21348 wrote:This can raise concerns among crypto enthusiasts who prioritize privacy as a fundamental principle of cryptocurrencies.
When using centralized exchanges, users are exposed to counterparty risk. This means that if the exchange becomes insolvent, suffers financial difficulties, or engages in fraudulent activities, users may lose their funds.
This risk has been evident in cases where exchanges have shut down or faced operational challenges, leaving users unable to access their funds.
Centralized exchanges typically have control over the order book, pricing mechanisms, and trade execution.
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Vastextension;21350 wrote:thrive;21349 wrote:When using centralized exchanges, users are exposed to counterparty risk. This means that if the exchange becomes insolvent, suffers financial difficulties, or engages in fraudulent activities, users may lose their funds.
This risk has been evident in cases where exchanges have shut down or faced operational challenges, leaving users unable to access their funds.
Centralized exchanges typically have control over the order book, pricing mechanisms, and trade execution.
This lack of transparency can lead to concerns about market manipulation, front-running, or insider trading, which may negatively impact traders and investors.
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thrive;21351 wrote:Vastextension;21350 wrote:This risk has been evident in cases where exchanges have shut down or faced operational challenges, leaving users unable to access their funds.
Centralized exchanges typically have control over the order book, pricing mechanisms, and trade execution.
This lack of transparency can lead to concerns about market manipulation, front-running, or insider trading, which may negatively impact traders and investors.
Centralized exchanges are subject to regulatory oversight and compliance requirements, which can vary across jurisdictions.
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Vastextension;21352 wrote:thrive;21351 wrote:Centralized exchanges typically have control over the order book, pricing mechanisms, and trade execution.
This lack of transparency can lead to concerns about market manipulation, front-running, or insider trading, which may negatively impact traders and investors.
Centralized exchanges are subject to regulatory oversight and compliance requirements, which can vary across jurisdictions.
This may result in restricted access to certain users or regions and introduce regulatory uncertainties that may hinder the free and open nature of cryptocurrencies.
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thrive;21353 wrote:Vastextension;21352 wrote:This lack of transparency can lead to concerns about market manipulation, front-running, or insider trading, which may negatively impact traders and investors.
Centralized exchanges are subject to regulatory oversight and compliance requirements, which can vary across jurisdictions.
This may result in restricted access to certain users or regions and introduce regulatory uncertainties that may hinder the free and open nature of cryptocurrencies.
Crypto enthusiasts who prioritize the principles of decentralization, security, privacy, and individual control often prefer decentralized exchanges (DEXs) or peer-to-peer platforms that allow users to retain control of their private keys and conduct transactions directly with other users.
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Vastextension;21354 wrote:thrive;21353 wrote:Centralized exchanges are subject to regulatory oversight and compliance requirements, which can vary across jurisdictions.
This may result in restricted access to certain users or regions and introduce regulatory uncertainties that may hinder the free and open nature of cryptocurrencies.
Crypto enthusiasts who prioritize the principles of decentralization, security, privacy, and individual control often prefer decentralized exchanges (DEXs) or peer-to-peer platforms that allow users to retain control of their private keys and conduct transactions directly with other users.
These platforms aim to address some of the concerns associated with centralized exchanges by facilitating trustless and non-custodial trading.
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Why do some people still consider crypton exchange as a centralized exchange, I have always regarded it as a decentralized exchange I don't know if I was wrong.
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Centralised banking system was never a saving interest yeilding system, the few penny added on each bills are mostly take off by increase in commodities
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Centralised banking system was never a saving interest yeilding system, the few penny added on each bills are mostly take off by increase in commodities
Exactly the system of the government and centralised institute was actually tactical apprehending users fund and manipulating their believe to savings and loan.
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gap;21490 wrote:Centralised banking system was never a saving interest yeilding system, the few penny added on each bills are mostly take off by increase in commodities
Exactly the system of the government and centralised institute was actually tactical apprehending users fund and manipulating their believe to savings and loan.
Practically the loan system has been one hell of a financial slavery system so far these days, and its mostly accessible to those with consistency transaction record.
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Comrade;21491 wrote:gap;21490 wrote:Centralised banking system was never a saving interest yeilding system, the few penny added on each bills are mostly take off by increase in commodities
Exactly the system of the government and centralised institute was actually tactical apprehending users fund and manipulating their believe to savings and loan.
Practically the loan system has been one hell of a financial slavery system so far these days, and its mostly accessible to those with consistency transaction record.
These are actually what imposes the threat of digital fraudsters which is also affecting the centralised exchange so it's better to stay secured with decentralized exchange rather than driving in a way of obstruction.
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crpuusd;21492 wrote:Comrade;21491 wrote:Exactly the system of the government and centralised institute was actually tactical apprehending users fund and manipulating their believe to savings and loan.
Practically the loan system has been one hell of a financial slavery system so far these days, and its mostly accessible to those with consistency transaction record.
These are actually what imposes the threat of digital fraudsters which is also affecting the centralised exchange so it's better to stay secured with decentralized exchange rather than driving in a way of obstruction.
A loan shark business is what makes things more so fustrating for people with low financial intelligent quotient (IQ) and it always drive people into debts and unfortunate condition of creditor threat.
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gap;21493 wrote:crpuusd;21492 wrote:Practically the loan system has been one hell of a financial slavery system so far these days, and its mostly accessible to those with consistency transaction record.
These are actually what imposes the threat of digital fraudsters which is also affecting the centralised exchange so it's better to stay secured with decentralized exchange rather than driving in a way of obstruction.
A loan shark business is what makes things more so fustrating for people with low financial intelligent quotient (IQ) and it always drive people into debts and unfortunate condition of creditor threat.
Is better to avoid loan taking or probably high interest loan cause there are actually Advantages to it for those who have needed finalised business plan.
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Centralised exchange has its own value and advantages and in the other hand decentralized exchange also carries a larger parts of securing every transaction without being traced
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Centralised exchange has its own value and advantages and in the other hand decentralized exchange also carries a larger parts of securing every transaction without being traced
Well it depends on the individual using the exchange, if it's an individual that is a believer of anonymity then I would suggest the person goes for a decentralized exchange and if not they should go for a centralized exchange.
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