Up Only: How AtomicDEX Uptime Compares to Centralized Exchanges
Centralized exchanges have notoriously been known to break down due to increased user activity. Solutions like AtomicDEX offer an alternative for traders and hodlers alike.
The Problem With Centralized Exchanges
Centralized crypto exchanges are prone to outages, especially at times when crypto markets are really volatile. For sellers, this is a frustrating experience because the outage often occurs at the exact time the price is starting to increase or decrease significantly. For buyers, when the price of a specific cryptocurrency is at its lowest, this becomes is a missed opportunity to buy the dip.
We also see centralized exchanges suspend crypto withdrawals due to network congestion. This happens quite frequently, particularly for ETH and ERC-20 withdrawals. Essentially, holding funds on a centralized exchange is the equivalent of having an IOU. You don't have custody of your own funds, which is one of the main motivating factors for buying and holding crypto in the first place.
Even if an exchange has 99.8% uptime, this creates a major issue because that 0.2% downtime is typically when the users want to access the exchange the most (a.k.a. peak usage) for trading or withdrawals. After all, decentralized blockchains themselves are much more reliable. As the saying goes, "Bitcoin - 100% uptime since 2009."
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https://komodoplatform.com/en/blog/atomicdex-uptime-comparison/