Topic: A real decentralized exchange (Read 840 times)
I also search for a real DEX which will remain DEX, hope we can have more in future. Anyway someone test Switchdex and all is ok, and what coins are listed there and they plan to list all top coins? And what is the official link?
I also search for a real DEX which will remain DEX, hope we can have more in future. Anyway someone test Switchdex and all is ok, and what coins are listed there and they plan to list all top coins? And what is the official link?
Switchdex.ag is the official link and they have top coins listed, anyone can actually list any coin for free. They are based in Antigua so the US wont be able to fuck it up
It only looks like IDEX and Etherdelta by the way.Im still not convinced if this one is truly decentralized.I do prefer Bisq though when it comes to Dex.
Bisq is not bad but suffers from the same issues as all DEX's, lack of liquidity. Switchdex has better fees though if you take in count the one time fee and you can also add any token you want. I also don't really like to download something to be able to trade.
From my point of view, Etherdelta and Forkdelta have long trusted cryptographic transactions, and none of them need proof here, because all commercial experience is so great. For safer transactions, always use a Metamasa wallet to prevent hackers.
Etherdelta has good reputation and trust? LUL, etherdelta was the worst shit ever and worked like shit, it was only famous because it was one of the first ones to exist and got all the liquidity after listing any token.
The most strange thing is that no one has to register here. The exchange does not transfer personal data, and moreover, it does not store assets. To work on the exchange, you just need to specify the address of the wallet and the private key from it.
If you for some reason do not want to touch your wallet, you can create a new and download private key.
I also search for a real DEX which will remain DEX, hope we can have more in future. Anyway someone test Switchdex and all is ok, and what coins are listed there and they plan to list all top coins? And what is the official link?
Switchdex.ag is the official link and they have top coins listed, anyone can actually list any coin for free. They are based in Antigua so the US wont be able to fuck it up
It only looks like IDEX and Etherdelta by the way.Im still not convinced if this one is truly decentralized.I do prefer Bisq though when it comes to Dex.
They usually start up that way and before you know what's happening, boom! They have introduced KYC. That's one thing with them. So, I don't really stress myself these days, though I really need a decentralized exchange, but the thing is that they are all turning to the same thing.
Even the exchanges we once liked because they were decentralized are now turning to centralized and requesting for their users to carry out their KYC process before they are allowed to continue making use of their site. I don't really know about this Switchdex and this is my first time I'm getting to know about it. So I'd have to do some research about them before deciding whether to use it or not.
Even the exchanges we once liked because they were decentralized are now turning to centralized and requesting for their users to carry out their KYC process before they are allowed to continue making use of their site. I don't really know about this Switchdex and this is my first time I'm getting to know about it. So I'd have to do some research about them before deciding whether to use it or not.
I also search for a real DEX which will remain DEX, hope we can have more in future. Anyway someone test Switchdex and all is ok, and what coins are listed there and they plan to list all top coins? And what is the official link?
Switchdex.ag is the official link and they have top coins listed, anyone can actually list any coin for free. They are based in Antigua so the US wont be able to fuck it up
Perhaps something is happening that ordinary users of cryptocurrency do not know if a total verification of personalities has begun. If earlier they declared the complete anonymity of cryptocurrency users, then mass demands are already beginning to provide passport data. The only good news is that on some exchanges there are minimums for withdrawing funds for which you do not need to provide KYC.
And honesty, those minimum for withdrawal and deposit that does not require KYC is what 50 percent of crypto trader falls on, and I wonder why keep joining people who fell in that category to start going against KYC when we know that it is normal for anyone to ask for KYC when trading an amount that is quite too large, if we have lots of people using the system to embezzle fund now, we will still be the one to blame the exchanges for not implementing KYC, and this is part of what KYC is meant to curb. I just learnt of recent from one of the mate here, that the total money that has been lost to scammers is over 2 billion dollars and still counting, and if this amount continues to grow and become alarming, it might attract the anger of government that we want to regulate it to go against it, this is one of the thing that KC should regulate.
I like the concept it shows trait of full decentraliztion but i just hope it wont turn out to be another idex. Idex started as a decentralised exchange just last week they announced that they were going to start carrying out KYC procedures for its traders. I just hope switch won't follow that path
Watch and see, in the next few weeks, that is how many of these DEX exchanges will catch the KYC fever and start implementing it, prior to now, there was no much thing going on KYC in crypto, we have few people that implemented it but never enforced it, some centralized exchanges were never even considering doing so.Just suddenly, someone started imposing the KYC, it was broadcast and that was how many of the CEX we see now fully comply with the KYC, and before you know it also, other ICO projects too that are looking for money started requesting for it and we never rejected it, the moment they saw that despite the complaint, people were still complying, they became adamant on it, and this is how DEX exchange too will operate.
From my point of view, Etherdelta and Forkdelta have long trusted cryptographic transactions, and none of them need proof here, because all commercial experience is so great. For safer transactions, always use a Metamasa wallet to prevent hackers.
Forkdelta and Etherdelta are the two most reputable decentralized exchanges in this market because every transaction needs to be verified, so the scam in these 2 exchanges is impossible. I have been using it for the past 2 years and until now I still use it because it is much safer than other decentralized exchanges. Maybe IDEX is more convenient to trade but recently they are forced KYC traders so those who do not like KYC will soon return to the world 2 leading decentralized exchanges.What do you mean every transaction has to be verified? A dex is a dex, they all work in pretty much the same way and all of them are safe in that regard. No one uses etherdelta anymore, it's bugged, works like shit and people have been scammed there.
I like the concept it shows trait of full decentraliztion but i just hope it wont turn out to be another idex. Idex started as a decentralised exchange just last week they announced that they were going to start carrying out KYC procedures for its traders. I just hope switch won't follow that path
Watch and see, in the next few weeks, that is how many of these DEX exchanges will catch the KYC fever and start implementing it, prior to now, there was no much thing going on KYC in crypto, we have few people that implemented it but never enforced it, some centralized exchanges were never even considering doing so.Just suddenly, someone started imposing the KYC, it was broadcast and that was how many of the CEX we see now fully comply with the KYC, and before you know it also, other ICO projects too that are looking for money started requesting for it and we never rejected it, the moment they saw that despite the complaint, people were still complying, they became adamant on it, and this is how DEX exchange too will operate.
From my point of view, Etherdelta and Forkdelta have long trusted cryptographic transactions, and none of them need proof here, because all commercial experience is so great. For safer transactions, always use a Metamasa wallet to prevent hackers.
Forkdelta and Etherdelta are the two most reputable decentralized exchanges in this market because every transaction needs to be verified, so the scam in these 2 exchanges is impossible. I have been using it for the past 2 years and until now I still use it because it is much safer than other decentralized exchanges. Maybe IDEX is more convenient to trade but recently they are forced KYC traders so those who do not like KYC will soon return to the world 2 leading decentralized exchanges. 
What is the point today in the decentralization of exchange or even in the cryptocurrency market, if in fact most of the trading exchanges require passport data, and there is already such a practice that every new project requires KYC. In addition, such a stock exchange as Binance already states that they have access to personal data and user accounts.
Many of them are just deceiving people with this decentralized platform they claim they are making when they have refused to do away with KYC, I wonder why many of them are not learning from the one true decentralized coin that we have in the market, and bitcoin is the only decentralized coin that I really trust right now with a full decentralized system. It is better they come out plain that to come in the name of full decentralization, but not establishing that fully. I love what Facebook had already done ahead of their crypto launching, they already declared their coin to be a decentralized one, but one without implementing the anonymity part of crypto, so it is left for anyone interested in using the Libra coin to either accept it or leave it. Binance too claim to have DEX exchange, but yet still work with KYC too.
full member
Activity: 660
Merit: 101
Colletrix - Bridging the Physical and Virtual Worl
I like the concept it shows trait of full decentraliztion but i just hope it wont turn out to be another idex. Idex started as a decentralised exchange just last week they announced that they were going to start carrying out KYC procedures for its traders. I just hope switch won't follow that path
People are very hard to please. If a DEX doesn't have a ton of volume right off the bat, people will not bother looking at it a second time.
Binance is trying to work at the market making aspect to offer people volume and liquidity, which they do a reasonable job at, but it's not a DEX. It's still Binance in full control over the development and whatnot. If they choose to stop being a market maker, the volumes will collapse and their "DEX" will be left empty.
Volume, liquidity, tight spreads, that's where all DEX's struggle with. It takes years to grow organically, but who's going to wait years?
Binance is trying to work at the market making aspect to offer people volume and liquidity, which they do a reasonable job at, but it's not a DEX. It's still Binance in full control over the development and whatnot. If they choose to stop being a market maker, the volumes will collapse and their "DEX" will be left empty.
Volume, liquidity, tight spreads, that's where all DEX's struggle with. It takes years to grow organically, but who's going to wait years?
Quote
but it's not a DEX. It's still Binance in full control over the development
I appreciate your honesty here.
No one is against binance new exchange... I think calling something a decentralized exchange when it's not is what I have problem with.
It's definitely not a DEX if they have full control of it.
Switchdex was ethershift before and they don't have an option to trade with Bitcoin, I guess this thread falls on altcoin's service discussion.
the most close one is bisq but need to grow in volume...but when this will be main stream we all be jumping all day long,
Bisq's trading volume is increasing (chart), if more exchanges starts putting restriction from certain countries others might start using DEX. All DEXes have low volume because people do not use them. For sure all these restrictions will bump up the volume of DEXes as well as the use of privacy coins.
From my point of view, Etherdelta and Forkdelta have long trusted cryptographic transactions, and none of them need proof here, because all commercial experience is so great. For safer transactions, always use a Metamasa wallet to prevent hackers.
Etherdelta has good reputation and trust? LUL, etherdelta was the worst shit ever and worked like shit, it was only famous because it was one of the first ones to exist and got all the liquidity after listing any token.
From my point of view, Etherdelta and Forkdelta have long trusted cryptographic transactions, and none of them need proof here, because all commercial experience is so great. For safer transactions, always use a Metamasa wallet to prevent hackers.
If DEX is going to ask for KYC then that's not quite right. There can be no real decentralization when that happen and I guess this has to do with regulations, if dex isn't going to comply the law then it could be taken down by the governing bodies. They could operate on offshore hosting companies for it not to be taken down right?
So much Dex exchange coming up. Any Dex asking for kyc is no Dex. Even those that claim to be have resemblance of CEX. It's just a matter of time. Regulations for CEX is easier than that of Dex as the regulations will defeat the whole aim of decentralisation even though regulations are much needed in crypto space.
That's why I use SwitchDex, I personally know them and they will not ask for KYC as they are based in a region not affected by those regulations. I do understand why IDEX or others might need to ask for KYC, they are all facing heavy regulations in 2019 and of course they are scared.
If DEX is going to ask for KYC then that's not quite right. There can be no real decentralization when that happen and I guess this has to do with regulations, if dex isn't going to comply the law then it could be taken down by the governing bodies. They could operate on offshore hosting companies for it not to be taken down right?
So much Dex exchange coming up. Any Dex asking for kyc is no Dex. Even those that claim to be have resemblance of CEX. It's just a matter of time. Regulations for CEX is easier than that of Dex as the regulations will defeat the whole aim of decentralisation even though regulations are much needed in crypto space.
Don't worry when people will be tired of KYC, hacks, exist scams, taxes, they will jump on using the DEX. Too bad currently they have a very low volume. Bisq is the type of DEX I'm interested in but thinking about it what about Binance, it was supposed to create a DEX, people were praising it but no more. Is the Dex alive now?
yea, I think it's still alive, it's just that dex needs encouragement to develop. So far the top exchange that has DEX is only binance, but unfortunately it is not fully DEX. Now I hope there will be a top exchange that launches full DEX. For that, let's look at the next development ...
the average DEX has a low volume, now this is the question. Why did this happen? even though it's a matter of security I'm sure DEX has better security than CCE. This will be the next homework for anyone who will develop DEX.
Jump to: