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#101 2023-11-14 23:48:19

oba
Member
Registered: 2023-01-13
Posts: 1,825

Re: One of the reason you should not trust Government or centralized syste

IyaJJJ;25502 wrote:
thrive;25501 wrote:
oba;25500 wrote:

Decentralized exchanges don't require you to share personal information, which adds an extra layer of privacy is the reason why people like DEX and anonymous crypto.

That's and the good one is that your trades and transactions can't be traced back to you, allowing you to engage in crypto trading while preserving your anonymity.

Since there isn't a central authority or server, these exchanges are less likely to be targets for hacking.

In a decentralized exchange, you have complete control over your funds, reducing the risk of theft from exchange hacks.

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#102 2023-11-14 23:48:42

thrive
Member
Registered: 2023-01-04
Posts: 1,952

Re: One of the reason you should not trust Government or centralized syste

oba;25503 wrote:
IyaJJJ;25502 wrote:
thrive;25501 wrote:

That's and the good one is that your trades and transactions can't be traced back to you, allowing you to engage in crypto trading while preserving your anonymity.

Since there isn't a central authority or server, these exchanges are less likely to be targets for hacking.

In a decentralized exchange, you have complete control over your funds, reducing the risk of theft from exchange hacks.

Decentralized exchanges aren't under the control of any government or institution. As a result, they are largely unaffected by changes in regulations or financial policies, providing a more stable trading environment.

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#103 2023-11-14 23:49:05

IyaJJJ
Member
Registered: 2023-01-25
Posts: 1,521

Re: One of the reason you should not trust Government or centralized syste

thrive;25504 wrote:
oba;25503 wrote:
IyaJJJ;25502 wrote:

Since there isn't a central authority or server, these exchanges are less likely to be targets for hacking.

In a decentralized exchange, you have complete control over your funds, reducing the risk of theft from exchange hacks.

Decentralized exchanges aren't under the control of any government or institution. As a result, they are largely unaffected by changes in regulations or financial policies, providing a more stable trading environment.

Decentralized exchanges are built on blockchain technology, which provides transparent, immutable, and verifiable transaction records. This prevents any form of manipulation or fraud.

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#104 2023-11-14 23:49:21

oba
Member
Registered: 2023-01-13
Posts: 1,825

Re: One of the reason you should not trust Government or centralized syste

IyaJJJ;25505 wrote:
thrive;25504 wrote:
oba;25503 wrote:

In a decentralized exchange, you have complete control over your funds, reducing the risk of theft from exchange hacks.

Decentralized exchanges aren't under the control of any government or institution. As a result, they are largely unaffected by changes in regulations or financial policies, providing a more stable trading environment.

Decentralized exchanges are built on blockchain technology, which provides transparent, immutable, and verifiable transaction records. This prevents any form of manipulation or fraud.

Transactions on decentralized exchanges often involve lower fees, which makes them a cost-efficient option for traders. There's no need to pay hefty fees to intermediaries or third parties.

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#105 2023-11-14 23:49:44

thrive
Member
Registered: 2023-01-04
Posts: 1,952

Re: One of the reason you should not trust Government or centralized syste

oba;25506 wrote:
IyaJJJ;25505 wrote:
thrive;25504 wrote:

Decentralized exchanges aren't under the control of any government or institution. As a result, they are largely unaffected by changes in regulations or financial policies, providing a more stable trading environment.

Decentralized exchanges are built on blockchain technology, which provides transparent, immutable, and verifiable transaction records. This prevents any form of manipulation or fraud.

Transactions on decentralized exchanges often involve lower fees, which makes them a cost-efficient option for traders. There's no need to pay hefty fees to intermediaries or third parties.

Centralized exchanges are often limited in terms of the varieties of cryptocurrencies they support. However, decentralized exchanges usually offer a wide range of digital assets, providing opportunities for diversified portfolios.

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#106 2023-11-14 23:50:46

IyaJJJ
Member
Registered: 2023-01-25
Posts: 1,521

Re: One of the reason you should not trust Government or centralized syste

thrive;25507 wrote:
oba;25506 wrote:
IyaJJJ;25505 wrote:

Decentralized exchanges are built on blockchain technology, which provides transparent, immutable, and verifiable transaction records. This prevents any form of manipulation or fraud.

Transactions on decentralized exchanges often involve lower fees, which makes them a cost-efficient option for traders. There's no need to pay hefty fees to intermediaries or third parties.

Centralized exchanges are often limited in terms of the varieties of cryptocurrencies they support. However, decentralized exchanges usually offer a wide range of digital assets, providing opportunities for diversified portfolios.

In centralized exchanges, users' funds are controlled by the exchange. But in decentralized exchanges, users have full control over their funds, helping to ensure that your funds are secure.

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#107 2023-11-14 23:51:09

oba
Member
Registered: 2023-01-13
Posts: 1,825

Re: One of the reason you should not trust Government or centralized syste

IyaJJJ;25508 wrote:
thrive;25507 wrote:
oba;25506 wrote:

Transactions on decentralized exchanges often involve lower fees, which makes them a cost-efficient option for traders. There's no need to pay hefty fees to intermediaries or third parties.

Centralized exchanges are often limited in terms of the varieties of cryptocurrencies they support. However, decentralized exchanges usually offer a wide range of digital assets, providing opportunities for diversified portfolios.

In centralized exchanges, users' funds are controlled by the exchange. But in decentralized exchanges, users have full control over their funds, helping to ensure that your funds are secure.

Decentralization. It is a method of trading that gives ultimate control and power to the users, rather than a central entity.

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#108 2023-11-18 15:38:34

gap
Member
Registered: 2023-06-14
Posts: 1,105

Re: One of the reason you should not trust Government or centralized syste

oba;25509 wrote:
IyaJJJ;25508 wrote:
thrive;25507 wrote:

Centralized exchanges are often limited in terms of the varieties of cryptocurrencies they support. However, decentralized exchanges usually offer a wide range of digital assets, providing opportunities for diversified portfolios.

In centralized exchanges, users' funds are controlled by the exchange. But in decentralized exchanges, users have full control over their funds, helping to ensure that your funds are secure.

Decentralization. It is a method of trading that gives ultimate control and power to the users, rather than a central entity.

The central entity are mostly chosen by people who are adequately believes it more safer to have traceable transaction values and monitoring.

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#109 2023-11-18 18:50:41

Europ
Member
Registered: 2023-05-23
Posts: 1,372

Re: One of the reason you should not trust Government or centralized syste

Government takes over people assets when there is a little  misjudge.
For example, an organization may employ an electronic control system that relies on user credentials, access card readers, intercom, auditing and reporting to track which employees have access and have accessed a restricted data center. This system may incorporate an access control panel that can restrict entry to individual rooms and buildings, as well as sound alarms, initiate lockdown procedures and prevent unauthorized access.

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#110 2023-11-20 21:57:40

CrytoCynthia
Member
Registered: 2022-11-19
Posts: 2,200

Re: One of the reason you should not trust Government or centralized syste

Government owned or centralized exchanges may impose withdrawal limits or delays, especially during times of high demand or security concerns. This could affect users' ability to quickly access their funds.

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#111 2023-11-26 23:12:23

Kelechi
Member
Registered: 2022-12-25
Posts: 2,064

Re: One of the reason you should not trust Government or centralized syste

Centralized exchanges can experience delays in processing transactions, especially during periods of high demand. This can impact the speed at which users can trade or withdraw their funds.

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#112 2023-12-11 22:51:53

CrytoCynthia
Member
Registered: 2022-11-19
Posts: 2,200

Re: One of the reason you should not trust Government or centralized syste

Centralized control over national currencies allows governments to implement monetary policies, including printing more money. This can lead to inflation and the devaluation of fiat currencies, prompting individuals to seek alternatives like cryptocurrencies

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#113 2023-12-11 23:36:51

Kelechi
Member
Registered: 2022-12-25
Posts: 2,064

Re: One of the reason you should not trust Government or centralized syste

Also, Some centralized exchanges have engaged in exit scams, where they disappear with users' funds. This lack of accountability and fraudulent activities undermine trust in the reliability of these platforms.

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#114 2023-12-11 23:39:08

CrytoCynthia
Member
Registered: 2022-11-19
Posts: 2,200

Re: One of the reason you should not trust Government or centralized syste

While some exchanges offer insurance coverage, the coverage is often limited and may not fully compensate users for their losses in the event of a security breach or hack.

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#115 2023-12-11 23:55:54

oba
Member
Registered: 2023-01-13
Posts: 1,825

Re: One of the reason you should not trust Government or centralized syste

Kelechi;26291 wrote:

Centralized exchanges can experience delays in processing transactions, especially during periods of high demand. This can impact the speed at which users can trade or withdraw their funds.

That's correct. The centralized cryptocurrency exchanges can experience delays in processing transactions or impact the speed at which users can trade or withdraw their funds, especially during peak trading periods or when there is a surge in demand. However, there's always reason behind it.

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#116 2023-12-11 23:56:18

joanna
Member
Registered: 2023-01-10
Posts: 2,200

Re: One of the reason you should not trust Government or centralized syste

oba;27426 wrote:
Kelechi;26291 wrote:

Centralized exchanges can experience delays in processing transactions, especially during periods of high demand. This can impact the speed at which users can trade or withdraw their funds.

That's correct. The centralized cryptocurrency exchanges can experience delays in processing transactions or impact the speed at which users can trade or withdraw their funds, especially during peak trading periods or when there is a surge in demand. However, there's always reason behind it.

If there is a high volume of users trying to trade or withdraw funds simultaneously, it can lead to network congestion.

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#117 2023-12-11 23:57:02

oba
Member
Registered: 2023-01-13
Posts: 1,825

Re: One of the reason you should not trust Government or centralized syste

joanna;27427 wrote:
oba;27426 wrote:
Kelechi;26291 wrote:

Centralized exchanges can experience delays in processing transactions, especially during periods of high demand. This can impact the speed at which users can trade or withdraw their funds.

That's correct. The centralized cryptocurrency exchanges can experience delays in processing transactions or impact the speed at which users can trade or withdraw their funds, especially during peak trading periods or when there is a surge in demand. However, there's always reason behind it.

If there is a high volume of users trying to trade or withdraw funds simultaneously, it can lead to network congestion.

This congestion can result in delays in order processing, transaction confirmations, and fund withdrawals.

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#118 2023-12-11 23:57:19

joanna
Member
Registered: 2023-01-10
Posts: 2,200

Re: One of the reason you should not trust Government or centralized syste

oba;27428 wrote:
joanna;27427 wrote:
oba;27426 wrote:

That's correct. The centralized cryptocurrency exchanges can experience delays in processing transactions or impact the speed at which users can trade or withdraw their funds, especially during peak trading periods or when there is a surge in demand. However, there's always reason behind it.

If there is a high volume of users trying to trade or withdraw funds simultaneously, it can lead to network congestion.

This congestion can result in delays in order processing, transaction confirmations, and fund withdrawals.

Some centralized exchanges may face challenges in scaling their infrastructure to handle increased traffic during periods of high demand.

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#119 2023-12-11 23:58:02

oba
Member
Registered: 2023-01-13
Posts: 1,825

Re: One of the reason you should not trust Government or centralized syste

joanna;27429 wrote:
oba;27428 wrote:
joanna;27427 wrote:

If there is a high volume of users trying to trade or withdraw funds simultaneously, it can lead to network congestion.

This congestion can result in delays in order processing, transaction confirmations, and fund withdrawals.

Some centralized exchanges may face challenges in scaling their infrastructure to handle increased traffic during periods of high demand.

If their systems are not adequately prepared or optimized, it can affect the speed and efficiency of transactions and withdrawals.

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#120 2023-12-11 23:58:21

joanna
Member
Registered: 2023-01-10
Posts: 2,200

Re: One of the reason you should not trust Government or centralized syste

oba;27430 wrote:
joanna;27429 wrote:
oba;27428 wrote:

This congestion can result in delays in order processing, transaction confirmations, and fund withdrawals.

Some centralized exchanges may face challenges in scaling their infrastructure to handle increased traffic during periods of high demand.

If their systems are not adequately prepared or optimized, it can affect the speed and efficiency of transactions and withdrawals.

Centralized exchanges are susceptible to technical issues, such as system failures, maintenance downtime, or software glitches.

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#121 2023-12-11 23:59:05

oba
Member
Registered: 2023-01-13
Posts: 1,825

Re: One of the reason you should not trust Government or centralized syste

joanna;27431 wrote:
oba;27430 wrote:
joanna;27429 wrote:

Some centralized exchanges may face challenges in scaling their infrastructure to handle increased traffic during periods of high demand.

If their systems are not adequately prepared or optimized, it can affect the speed and efficiency of transactions and withdrawals.

Centralized exchanges are susceptible to technical issues, such as system failures, maintenance downtime, or software glitches.

These issues can cause disruptions and impact the speed of processing transactions or accessing funds.

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#122 2023-12-11 23:59:22

joanna
Member
Registered: 2023-01-10
Posts: 2,200

Re: One of the reason you should not trust Government or centralized syste

oba;27432 wrote:
joanna;27431 wrote:
oba;27430 wrote:

If their systems are not adequately prepared or optimized, it can affect the speed and efficiency of transactions and withdrawals.

Centralized exchanges are susceptible to technical issues, such as system failures, maintenance downtime, or software glitches.

These issues can cause disruptions and impact the speed of processing transactions or accessing funds.

If an exchange lacks sufficient liquidity in a particular trading pair, it may struggle to match buyers and sellers efficiently.

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#123 2023-12-12 00:41:50

oba
Member
Registered: 2023-01-13
Posts: 1,825

Re: One of the reason you should not trust Government or centralized syste

joanna;27433 wrote:
oba;27432 wrote:
joanna;27431 wrote:

Centralized exchanges are susceptible to technical issues, such as system failures, maintenance downtime, or software glitches.

These issues can cause disruptions and impact the speed of processing transactions or accessing funds.

If an exchange lacks sufficient liquidity in a particular trading pair, it may struggle to match buyers and sellers efficiently.

This can result in order delays, slippage, or difficulties in executing trades swiftly.

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#124 2023-12-12 01:03:43

thrive
Member
Registered: 2023-01-04
Posts: 1,952

Re: One of the reason you should not trust Government or centralized syste

oba;27434 wrote:
joanna;27433 wrote:
oba;27432 wrote:

These issues can cause disruptions and impact the speed of processing transactions or accessing funds.

If an exchange lacks sufficient liquidity in a particular trading pair, it may struggle to match buyers and sellers efficiently.

This can result in order delays, slippage, or difficulties in executing trades swiftly.

In order to prioritize the security and protection of users' funds, centralized exchanges often implement additional security measures, such as multi-factor authentication or withdrawal verification processes.

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#125 2023-12-12 01:04:12

Vastextension
Member
Registered: 2022-11-19
Posts: 1,838

Re: One of the reason you should not trust Government or centralized syste

thrive;27435 wrote:
oba;27434 wrote:
joanna;27433 wrote:

If an exchange lacks sufficient liquidity in a particular trading pair, it may struggle to match buyers and sellers efficiently.

This can result in order delays, slippage, or difficulties in executing trades swiftly.

In order to prioritize the security and protection of users' funds, centralized exchanges often implement additional security measures, such as multi-factor authentication or withdrawal verification processes.

While these measures are necessary for user protection, they can introduce additional steps and potential delays in accessing funds.

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