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Centralizedexchange

HUGE WAVES COMING FOR THE BLUE EXCHANGEBeen a minute since we last published an idea. Today we consider the pair WAVES/USD From the chart above we can see that waves is in a corrective phase (wave 2 to be precise) and it appears to be either a flat correction or an irregular correction. Two areas to watch out for are the two green zones highlighted for a reversal. Price targets from either of those zones will be the 1.236 fib resistance as a takeprofit zone, and the 1.618 fib resistance as the main target. Pls share your thoughts and ideas in the comments section Also leave a like if you agree.
W
by RektMyMom
7
$BNB/BTC 4h (Binance Spot) Falling broadening wedge breakoutBinance Coin is recovering and just regained 200MA support, bullish continuation is in play! "Binary Finance" combines Centralized and Decentralized exchanges thanks to Binance Smart Chain, more info on binance.com If you know how to trade in Binance Margin, you can use up to 3x leverage for that set-up. Current Price= 0.009087 Buy Entry= 0.009030 - 0.008868 Take Profit= 0.009571 | 0.010120 | 0.010808 Stop Loss= 0.008533 Risk/Reward= 1:1.5 | 1:2.81 | 1:4.47 Expected Profit= +6.95% | +13.09% | +20.77% Possible Loss= -4.65% Fib. Retracement= 1.117 | 1.414 | 1.764 Margin Leverage= 1x | 2x | 3x Estimated Gain-time= 3 weeks
Long
by TradingOn
Difference between Centralized and Decentralized crypto-exchangeIf you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis! One of the USPs of Blockchain technology is ' Decentralization .' It means that no single entity or organization has the power to influence or control the network. Decentralization is rapidly picking pace, with several apps being built on this exact premise. These decentralized apps or ‘ DApps ’ are being built on existing blockchain networks, such as Ethereum, Solana, Polkadot, and so on. With the exponentially rising demand for cryptocurrencies, it was only a matter of time for the crypto exchanges to come sprawling up. Cryptocurrency exchanges can be broadly classified into centralized and decentralized exchanges. What is a centralized exchange? The way a centralized exchange operates can be considered similar to a bank. Depositing cryptos onto a centralized exchange such as Binance essentially means transferring it to a wallet held by the exchange. When we deposit fiat currency such as the US dollar or any other currency to buy crypto, that crypto is also held in the exchange’s centralized wallet. What is a decentralized exchange? With decentralization picking up, the cryptocurrency exchanges want to get into the decentralization space too. These decentralized exchanges are also known as DEX. Currently, there exist more than 35 DEXs globally. One of the most popular ones is Uniswap, which appears to have recently gotten into trouble with the SEC. Other players include Kyber, Bancor, etc. Traders simply swap tokens with each other, and there’s no middlemen involved here. Key points of contention between centralized and decentralized exchanges: Fees: In the case of centralized exchanges, there is a fixed fee which is usually a percentage of the transaction amount. In decentralized exchanges, it works out to be gas fees, which can sometimes vary. Ownership of your crypto holdings: Crypto wallets have two keys, public and private keys. Public keys are shared with anyone who wants to send you cryptocurrency, while a private key is what you use to access your own wallet. Centralized crypto exchanges don't give their users the private key. It essentially means that the holdings are not actually owned by the users, but by the exchanges. In some decentralized exchanges, the entire process of buying and selling is performed ‘on the chain.’ The holdings are with the user and not held by any central agency. However, keeping the holdings on the exchange can lead to a faster execution since the user does not need to provide access. But this can be the reason for the crypto theft as well! Case in point: In 2018, $713 million was stolen with most of them coming from the Coincheck exchange hack. In a Decentralised Exchange, users are generally free from these risks! Privacy: A decentralized exchange script usually does not have a central authority involved. Therefore, no requirement will be imposed on them. One can sign in and start trading without any identity verification. Additionally, Anonymity allows the user to access the tools which are not available otherwise. Centralized exchanges require the users to perform a KYC to trade cryptos. It is not the case with decentralized exchanges. It means that the user would not need to hand over the documents to any single entity. Liquidity: Barring the large centralized exchanges, several others suffer from a lack of liquidity. It is a major concern that ultimately leads to the downfall of the exchanges. The larger exchanges such as Binance, Coinbase, etc. have high liquidity. Decentralized exchanges usually follow a different method of price discovery and don't suffer from problems of illiquidity. Some decentralized exchanges also have Automated Market Makers (AMM). AMMs look to solve the liquidity problem without depending on large traders using smart contracts — self-executing computer programs that ensure liquidity on the exchange. The AMM algorithms have pre-defined requirements for an entity or individual to become a liquidity provider. Anyone who meets these criteria can become part of the liquidity pool, and hence maintain continuous trading. Do give a follow if you liked the content. Keep supporting:) -Mudrex
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by Mudrex
42