Topic: A real decentralized exchange (Read 870 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.
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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?
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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.
https://steemit.com/bitcoin/@hatu/switch-is-a-dex-that-s-actually-decentralized
Thoughts? Im definitely bias towards switch but i truly think its one of the few real decentralized exchanges out there.
Also not sure if right section
I never used any decentralized exchange before because after low liquidity and the funds. But I guess there is an exchange which really gives over all the control to the user then it can be the real decentralized exchange but it should be highly secure. Thoughts? Im definitely bias towards switch but i truly think its one of the few real decentralized exchanges out there.
Also not sure if right section
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.
https://steemit.com/bitcoin/@hatu/switch-is-a-dex-that-s-actually-decentralized
Thoughts? Im definitely bias towards switch but i truly think its one of the few real decentralized exchanges out there.
Also not sure if right section
Thoughts? Im definitely bias towards switch but i truly think its one of the few real decentralized exchanges out there.
Also not sure if right section
I also had time to join this project and the first impression that I felt was indeed decentralized, but I don't think it is still running full because they still just started it. I prefer to use Binance Dex or even Forkdelta.
I tried it now and seems pretty good compared to Forkdelta user interface is bit nice and simple which is very easy to familiarize yourself if you are first time using this dex personally I never tried switch before I only use FD no other one because many eth tokens are first listed in FD compared to IDEX or DDex it only needs some volume for this dex to become famous needs a good marketing campaigns and introduce to users of decentralized exchangers.
It is, forkdelta is really only used because it's a fork of EtherDelta which simply was one of the first DEX's out there and it has the most amount of volume. Once the rest of the DEX's get more liquidity, forkdelta and other shitty DEX's will die.
https://steemit.com/bitcoin/@hatu/switch-is-a-dex-that-s-actually-decentralized
Thoughts? Im definitely bias towards switch but i truly think its one of the few real decentralized exchanges out there.
Also not sure if right section
Thoughts? Im definitely bias towards switch but i truly think its one of the few real decentralized exchanges out there.
Also not sure if right section
I also had time to join this project and the first impression that I felt was indeed decentralized, but I don't think it is still running full because they still just started it. I prefer to use Binance Dex or even Forkdelta.
It is running full and they constantly update it. Binance DEX is not a real DEX, i wont support it, who knows which country they ban next, whats the point of a dex if you can ban countries.
https://steemit.com/bitcoin/@hatu/switch-is-a-dex-that-s-actually-decentralized
Thoughts? Im definitely bias towards switch but i truly think its one of the few real decentralized exchanges out there.
Also not sure if right section
Thoughts? Im definitely bias towards switch but i truly think its one of the few real decentralized exchanges out there.
Also not sure if right section
I also had time to join this project and the first impression that I felt was indeed decentralized, but I don't think it is still running full because they still just started it. I prefer to use Binance Dex or even Forkdelta.
In real time or nowadays centralized are more popular than decentralized exchange. That's truth and always can be find out at the coinmarketcap where most of the top exchange are centralized based platform. Although, I can't deny I am much in favor of DEX because KYC is not needed compared to centralized exchange.
I used Idex very often, since on this exchange it was possible to sell those coins that were not on other exchangers. But as for forkDelta, all coins are sold there, including garbage.
Yeah, everything where sold there but how about the price it looks like? Probably nothing and nobody is buying those garbage. I really appreciate this exchange cause they automatically listed new coins but somehow the price aren't giving me satisfaction, it is very low and ain't favorable to us.
In my heart forever, only one decentralized exchange - EtherDelta (FD now). In fact, many exchanges are now trying to create their own decentralized version, but at the same time it’s very difficult for them to escape from centralization. It is very sad.
I used Idex very often, since on this exchange it was possible to sell those coins that were not on other exchangers. But as for forkDelta, all coins are sold there, including garbage.
We have so many real decentralized exchanges out there which should have worked perfectly well for the system of cryptocurrency trades, and decentralization is the real purpose why we use cryptocurrency or why it was introduced, but the issue with most of these real decentralized exchange which the switch you mentioned is not left out is Volume, they hardly get the volume for their operation which is why they end up remaining dormant later.
No matter the hype you try to create, no matter that handwork you put in creating awareness for a decentralized exchange, people just seems not to look much into it , and they pay more attention to most of these centralized exchanges that are ripping them off their cash and enriching themselves. I am still waiting to see that DEX exchange that will overcome such challenge, and I hope that your switch succeeds.
No matter the hype you try to create, no matter that handwork you put in creating awareness for a decentralized exchange, people just seems not to look much into it , and they pay more attention to most of these centralized exchanges that are ripping them off their cash and enriching themselves. I am still waiting to see that DEX exchange that will overcome such challenge, and I hope that your switch succeeds.
Yes, decentralized exchanges have certain advantages over centralized ones. However, it is unknown which of them still gain an advantage. I believe that we need both centralized and decentralized exchanges.
but in the future centralized exchanges will not exist ...
I'm pretty sure they will exist. We're already at a stage where institutions are setting up trading desks for their clients, these will not go away because the entities using these desks do so because it offers them a regulated and insured environment. They are not interested in a decentralized exchange. It's far out of their interest field.
I'm also pretty sure that centralized retail exchanges will continue to exist. They will always find a way to attract users. People have proven to be easy to convince to sign up by offering them a bonus, free tokens, etc. People already submit a copy of their ID and whatnot to centralized exchanges just to claim $20 worth of shitcoins. If you push it as exchange, they might even do it for $5 or $10 worth of free shitcoins.
Never underestimate the greed within noobs chasing after "free" money.
i doubt if the future exchange will hold on DEX platform due to the fact that platform usage is not quite familiar to people.
That's why it's called "future". It is not quite familiar to people now but it will be in the coming years.the option of submitting private key before trading might not go well with some people.
So what do you suggest? Not having the option to hold your private keys like what centralized exchanges do? Note that there are many ways to access Dex's without having to submit private keys.
i doubt if the future exchange will hold on DEX platform due to the fact that platform usage is not quite familiar to people. the option of submitting private key before trading might not go well with some people. also trading in Dex do take time because people always put lower prices for tokens.
I do not think that decentralized exchanges on the market are good in this theme. As written in this article some gaps are proofs. But it is not about being the decentralization what we are looking for, small amount is enough to give up everything. Anyway, the exchanges are also guilty in this regard, but the situation would have been very different from the current situation if we had not interested in the centralized exchanges. 
SwitchDEX.ag - I have never used this exchange, but I am going to try it from now on.
SwitchDEX.ag - I have never used this exchange, but I am going to try it from now on.
Well, one thing that I can say on decentralized exchanges out there, there is no huge volume of each coin and of course the liquidity.
We can't deny the fact now regarding the regulatory demand and most countries now was strictly implemented a regulation, so I think a decentralized exchange will hardly fully develop and not surviving of this kind of service which is in crypto market industries now most likely must undertaking regulatory and pass KYC verification.
We can't deny the fact now regarding the regulatory demand and most countries now was strictly implemented a regulation, so I think a decentralized exchange will hardly fully develop and not surviving of this kind of service which is in crypto market industries now most likely must undertaking regulatory and pass KYC verification.
This was taking so hard for the customers to deal with decentralized exchanges regulation, and I think it couldn't give positive outcome. Customers will become hesitant to have trading, yet crypto price growth for each and every asset could possibly go down. It may cause drop of trading volumes which not all users in favor of this kind of tight KYC implementations. Although this is the safest thing on crypto, but it can be hassle for those traders whose handling huge assets.
The closest ever to become a "real decentralized exchange" is etherdelta. Aside from users keeping their own private keys and not being blocked, users can simply list their tokens there and trade. No need for approval whatsoever. But despite that, it wasn't able to escape the SEC https://www.sec.gov/news/press-release/2018-258
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I didn't follow the news so I'm just hearing from you. But it doesn't seem very exciting to try it. I'm just curious to check its volume.
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DEXs don't ask for KYC, otherwise why using a DEX at the first place. Better to use a centralized instead. And no this has nothing to do with regulations since they don't to abide by.
Decentralization is the real power against authorities and regarding multiple sides.
Well some DEX's are forced to have some sort of KYC because of their countries regulations. For instance, as I said, Binance was certainly forced to not accept US customers. I'm sure it's not because they don't like people from USA.
Well, one thing that I can say on decentralized exchanges out there, there is no huge volume of each coin and of course the liquidity.
We can't deny the fact now regarding the regulatory demand and most countries now was strictly implemented a regulation, so I think a decentralized exchange will hardly fully develop and not surviving of this kind of service which is in crypto market industries now most likely must undertaking regulatory and pass KYC verification.
We can't deny the fact now regarding the regulatory demand and most countries now was strictly implemented a regulation, so I think a decentralized exchange will hardly fully develop and not surviving of this kind of service which is in crypto market industries now most likely must undertaking regulatory and pass KYC verification.
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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?
I am agreed to you with this point that if have not more volume people will not use it. Really jot only decentralised exchange even if centralised exchange also lack of volume and liquidity people obviously avoid that exchanges.
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?
Yeah, you don't read the news? Binance ''dex'' is live and already banning a lot of people from a lot of different countries including the US. I was honestly quite hyped for Binance DEX but it turns out to be a semi-dex afterall.
In regards with volume i can really give that thing but for those who believe about fully decentralization then this exchange wont really fit out.
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I didn't follow the news so I'm just hearing from you. But it doesn't seem very exciting to try it. I'm just curious to check its volume.
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DEXs don't ask for KYC, otherwise why using a DEX at the first place. Better to use a centralized instead. And no this has nothing to do with regulations since they don't to abide by.
Decentralization is the real power against authorities and regarding multiple sides.
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?
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?
Yeah, you don't read the news? Binance ''dex'' is live and already banning a lot of people from a lot of different countries including the US. I was honestly quite hyped for Binance DEX but it turns out to be a semi-dex afterall.
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?
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.
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. 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?
the switch will be...its cannot be the other way, do you think first time people buy bitcoin give a shit that it peer to peer and other important stuff? no most of them came for the money, then people learn and educate them self, the smartest seat on decentralized exchanges and the smartest are much less trade they dismiss market movements compare to traders...so if they sell something they sell it on decentralized exchange.
it must to happen its like with peer to peer file sharing here there is curve of learning and more friction for people. but in the future centralized exchanges will not exist ...
https://steemit.com/bitcoin/@hatu/switch-is-a-dex-that-s-actually-decentralized
Thoughts? Im definitely bias towards switch but i truly think its one of the few real decentralized exchanges out there.
Also not sure if right section
Thoughts? Im definitely bias towards switch but i truly think its one of the few real decentralized exchanges out there.
Also not sure if right section
If McAfee is involved, all that is said is in vain. There's a lot of DEX out there. I'm sure a few of them are doing good.
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?
The future functioning of exchange services will be completely on decentralized platform. As a start to the same is the existence of such decentralized exchanges. Steemit on its own platform getting its decentralized exchange will be more effective and at the beginning people find it hard to use. As a part Binance too is working on the creation of its DEX which will go live soon.
The question is if decentralized exchanges could exist and run their business. In the flood of rather strict regulatory demands this will be hard to achieve. I think both exchanges and users should adjust and accept some different rules. Also, not all exchanges could survive in such environment and I think that market will actually do the selection.
peer to peer always win centralized tech relative to the education of the people which mean, the more educated the more jump to peer to peer exchange,
no body can lock your account and your funds, hackers have much less control, in decentrlized tech hackers feels like inside maze hhhhh
The future functioning of exchange services will be completely on decentralized platform. As a start to the same is the existence of such decentralized exchanges. Steemit on its own platform getting its decentralized exchange will be more effective and at the beginning people find it hard to use. As a part Binance too is working on the creation of its DEX which will go live soon.
The question is if decentralized exchanges could exist and run their business. In the flood of rather strict regulatory demands this will be hard to achieve. I think both exchanges and users should adjust and accept some different rules. Also, not all exchanges could survive in such environment and I think that market will actually do the selection.
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,
The future functioning of exchange services will be completely on decentralized platform. As a start to the same is the existence of such decentralized exchanges. Steemit on its own platform getting its decentralized exchange will be more effective and at the beginning people find it hard to use. As a part Binance too is working on the creation of its DEX which will go live soon.
https://steemit.com/bitcoin/@hatu/switch-is-a-dex-that-s-actually-decentralized
Thoughts? Im definitely bias towards switch but i truly think its one of the few real decentralized exchanges out there.
Also not sure if right section
Thoughts? Im definitely bias towards switch but i truly think its one of the few real decentralized exchanges out there.
Also not sure if right section
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