DEX currently can only offer coin exchange on their networks, such as Forkdelta, IDEX, etc. Only accept tokens with the ethereum network, and Binance DEX only accept tokens with the Binance Chain network, but if I'm not mistaken in Binance DEX there are BTC pairs but not the original BTC but BTC created by the binance network.
Binance DEX for BTC trading pairs is very limited. If you go to their platform: https://www.binance.org/en/trade you can only see 4 pairs for BTC.OP, what irman said about DEXs is true. Most of them are only into token pairs that's why you rarely see them pair with BTC. The solution for that problem is to transfer it to another exchange and trade it to bitcoin.
Yes Binance DEX is very limited.
As we see the fiat pairs here
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You would need to have BUSD (which isn't really the best in term decentralization / can be freezed anytime with the backdoor added by PAX Team) and you won#t get btc either.
There is even a lack of solution to move easily between the two largest crypto ecosystems trustlessly (BTC and ETH). Of course, its pretty easy to swap coins within ERC20 ecosystem, but once you want to leave that, problems are starting.
The option to finally go another exchange to trade it to bitcoin makes the complete DEX solution useless.
But now my question, as these DEX would mostly offer kind of wrapped bitcoin to etherum network, is there any solution to swap these coins to BTC trustless? No, I m not talking about flyp.me which tends to keep coins of people and ask them to provide their KYC.
For your question, do you think that changelly can do what you are looking for? There's plenty of complains about them but they don't implement KYC unlike the others before of the same service, shifted to KYC needed compliance.
Even the known DEX before, IDEX, implemented it.
Following this post, I think a suitable way to swap these stablecoins would be to swap your assets to BNB and from BNB to BTC with Binance DEX. Better suggestion?
I can't think of any other strategy but this is what I'm telling you as the solution but you don't have to get out of Binance DEX. Since it's the Binance DEX, pair all trades with BNB then in the end trade it all for BTC.As far as I know, there have been lot scam reports about changelly on this forum. So I think it's not anymore an option.
Binance DEX seems to be a good option. But I haven't seen yet any feedback about binance dex. Anyone who used already Binance DEX here? Some feedback?
