Topic: Anyone trading on "Decentralized Exchanges"? (Read 221 times)
I hate trading on decentralized exchanges because 99% of them sucks, the only one that's still fair to me is binance dex, if you want the best trading experience it's better you use binance or kucoin or huobi
Hey guys.
As of recently, we've seen a TON of DEX's being released, some of them better than others.
Which ones have you used personally? Which one do you like the most?
As of recently, we've seen a TON of DEX's being released, some of them better than others.
Which ones have you used personally? Which one do you like the most?
Amongst dex I only tried up forkdelta, etherdelta and idex. So far I dont use others as I am concern mostly on the volume aspect of an exchange. We can say dex arent volume friendly if you compared to cex but that's okay. At least you arent bound by any censorship or restriction.
Since i have not face problem yet in IDEX, maybe i will keep use it. And i am not much trade in decentralized exchanges, maybe only to sell tokens that i get from bounties.
Oh IDEX, I almost forgot, this is a dex that we could consider a cex already. I recently found out that you need to create an account using your email just to trade. See now it becomes a centralized trading platform. Using emails means they needed users info off the chart now. Be careful.
I am still trading in Forkdelta, this is still a good exchange for me. Though I feel bad that they are lacking volumes and the number of traders is decreasing there but yet I can buy coins at a cheaper price in Forkdelta. After this, I trade in IDEX, but you said the bitter truth, Forkdelta is not a genuine decentralized exchange anymore as like the Binance DEX! Everyone keeps talking about Blocknet, I haven't tried that yet, will do later but it feels good that a better DEX has come and traders are loving that!
downloading/syncing the blockchain is pretty hassel because the size of it is verry huge and even if you say you have a fast connection , that will still take much time but what is with that exchange and why it needs a full sync of blockchain ? that exchange isnt even popular but the ones that you mentioned first
( binance dex , waves dex , idex ) are the ones that are popular enough to be trusted . never traded on these three though because the last exchange that i use is only etherdelta and after that , i stop trading .
( binance dex , waves dex , idex ) are the ones that are popular enough to be trusted . never traded on these three though because the last exchange that i use is only etherdelta and after that , i stop trading .
I only ever used Etherdelta and Forkdelta until now (it has been already long time since i've used both exchanges since i used them to sell my token which didn't listed on bigger exchange).
What i don't like to trade on DEX exchange is i often had so much "lag" while i want to execute my order.
What i don't like to trade on DEX exchange is i often had so much "lag" while i want to execute my order.
How come Idex is laughable?
I have used that before and got out with $3000 worth of Ethereum and didn't even do KYC or anything.
Just my Ethereum private key and that is all?
Still, no information had been leaked and up until now I had no problems with it.
Is this really some kind of question for recommendation or just stepping on different decentralized exchange?
Laughable or trying to criticize other Dex and telling that the dex he's been preferring or using is much more better.As said this isnt obvious nor clear I have used that before and got out with $3000 worth of Ethereum and didn't even do KYC or anything.
Just my Ethereum private key and that is all?
Still, no information had been leaked and up until now I had no problems with it.
Is this really some kind of question for recommendation or just stepping on different decentralized exchange?
that hes just tb een part of the team.
Yes, there were lots of Dex as of this moment but we cant really turn back to those who had been used by majority or had been trusted for years
and wont easily exchange nor used newly suggested Dex? nice try but not really enough.
Since i have not face problem yet in IDEX, maybe i will keep use it. And i am not much trade in decentralized exchanges, maybe only to sell tokens that i get from bounties. And although it is look like fake dex, well, it is ok i am not care about centralized or decentralized exchanges.
How come Idex is laughable?
I have used that before and got out with $3000 worth of Ethereum and didn't even do KYC or anything.
Just my Ethereum private key and that is all?
Still, no information had been leaked and up until now I had no problems with it.
Is this really some kind of question for recommendation or just stepping on different decentralized exchange?
I have used that before and got out with $3000 worth of Ethereum and didn't even do KYC or anything.
Just my Ethereum private key and that is all?
Still, no information had been leaked and up until now I had no problems with it.
Is this really some kind of question for recommendation or just stepping on different decentralized exchange?
I usually call them semi-decentralized exchanges, but I wonder if that is the appropriate name for them, considering that few individuals who know themselves well or the exchange owners may be dictating the rules and how the nodes behave.
I guess we should just let them be with the semi-dex tag. Decentralization is Decentralization. If things become too confusing or complicated, we use Real Decentralization
I guess we should just let them be with the semi-dex tag. Decentralization is Decentralization. If things become too confusing or complicated, we use Real Decentralization
Used to trade in etherdelta and forkdelta and also some other decentralized exchange.
But it was a long time ago back when bounty was so good and paid well I used to buy some token/coin from the campaigns that I want to join but missed since I also have bounty at that time.
I manage to make some profit from doing it but now I don't think it would really be a great idea anymore since most of the project could only be traded on DEX and they doesn't seem's to be eager to be listed in some great and famous sites or even if they does manage their token/coin would only be dump.
Unlike back in 2017 the project are so great that once they got listed most of them would skyrocket or be dump for a couple of days then go up.
But it was a long time ago back when bounty was so good and paid well I used to buy some token/coin from the campaigns that I want to join but missed since I also have bounty at that time.
I manage to make some profit from doing it but now I don't think it would really be a great idea anymore since most of the project could only be traded on DEX and they doesn't seem's to be eager to be listed in some great and famous sites or even if they does manage their token/coin would only be dump.
Unlike back in 2017 the project are so great that once they got listed most of them would skyrocket or be dump for a couple of days then go up.
That's the official website of Blocknet's DEX. A project founded in 2014. I'm NOT the owner 
It's hard not to see you're working for them because your recent posts say otherwise. However, I'm not surprised if you're just a hardcore fan of that project.
Either way, the 'decentralized exchange' is still debatable. You might want to define it first, and then create a comparison table to shows why you think Block DX is better and the rest aren't.
You had only one job to do... That is making an announcement about your decentralized exchange without actually trying to shill it by discrediting other DEXes and let the community experience it for themselves.
Now you just look like a shill and it's hard to trust shills. I don't even have the morale to check out your so-called perfect decentralized exchange anymore
Now you just look like a shill and it's hard to trust shills. I don't even have the morale to check out your so-called perfect decentralized exchange anymore
You say that there are a lot of fake decentralized exchanges around, just to advertise your own. Personally, I would prefer one of the DEX exchanges known to me than resort to using your exchange, which is unknown to me. Perhaps your exchange is good, but I do not like the feed with which you advertise it. First, you negate some of the largest and most reliable exchanges that are trusted, and then advertise your own. So doing ugly.
Hey guys.
As of recently, we've seen a TON of DEX's being released, some of them better than others.
Which ones have you used personally? Which one do you like the most?
There's so many FAKE DEX's out there, that it's laughable. Binance "DEX", Waves DEX, IDEX, and more. None of these is truly decentralized at all
Thoughts? I'd love to know what you guys trade on.
It is to accept that even it was a DEX exchanges but whales are trying to manipulate its prices by then and that it looks centralize. Using DEX exchanges nowadays isn't really profiting and only a few traders are using it now because of trading volume and liquidity. As of recently, we've seen a TON of DEX's being released, some of them better than others.
Which ones have you used personally? Which one do you like the most?
There's so many FAKE DEX's out there, that it's laughable. Binance "DEX", Waves DEX, IDEX, and more. None of these is truly decentralized at all
Thoughts? I'd love to know what you guys trade on.
Please take a time to read this https://coincassogroup.com/centralized-vs-decentralized-cryptocurrency-exchanges-comparison/
Then it was clear that centralize exchanges will encourage traders to use knowing that they can make money with them unlikely that DEX can do. And with the support level that many companies put into a centralized exchange, it gives no doubt that people will look into them.
As long you can fully control your asset, i think its enough for me to used the decentralized exchange.
The thread on here, @OP just want to shiling his website to everyone to use his website dex. However, since i dont really familiar with the site/dex i would skip for the exchange.
The thread on here, @OP just want to shiling his website to everyone to use his website dex. However, since i dont really familiar with the site/dex i would skip for the exchange.
That's the official website of Blocknet's DEX. A project founded in 2014. I'm NOT the owner
How about bisq.network? It is open source DEX? I think it is one of the most popular DEX as far as I know. And there's a lot of DEX that members here have been playing around for years, like Etherdelta, although I agree that Binance DEX is not really that decentralized though.
I'm not really sure about (https://blockdx.com/) though, maybe it's good alternative, maybe not. If it's good then there's no need to shill for it. Sooner or later the community will find about it, give their comments around.
I'm not really sure about (https://blockdx.com/) though, maybe it's good alternative, maybe not. If it's good then there's no need to shill for it. Sooner or later the community will find about it, give their comments around.
Bisq isn't decentralized unfortunately, but close. Arbitrators can oversee disputes, so if your arbitrator is malicious, the honest party gets rekt simple as that.
As long you can fully control your asset, i think its enough for me to used the decentralized exchange.
The thread on here, @OP just want to shiling his website to everyone to use his website dex. However, since i dont really familiar with the site/dex i would skip for the exchange.
The thread on here, @OP just want to shiling his website to everyone to use his website dex. However, since i dont really familiar with the site/dex i would skip for the exchange.
It is not even about being fully DEX or not, which they are not, they are still a bit centralized, some are even funnily get your money to deposit and withdraw which means you do not control your own money for a while when you are trading, that is literally not DEX.
However, that is like a secondary situation for them, the trouble here is the fact that people can't trade however they want with the low volume. You like a coin, you want to buy, but even if you spend 1000 dollars on it, you will just by yourself change the whole market, same goes for when you sell and that is even worse, you have to divide your sale to 10 and take 2 weeks to trade in order to not drop the price too much. That is kind of the whole situation why they are not liked, volume is %1 of a centralized one.
However, that is like a secondary situation for them, the trouble here is the fact that people can't trade however they want with the low volume. You like a coin, you want to buy, but even if you spend 1000 dollars on it, you will just by yourself change the whole market, same goes for when you sell and that is even worse, you have to divide your sale to 10 and take 2 weeks to trade in order to not drop the price too much. That is kind of the whole situation why they are not liked, volume is %1 of a centralized one.
And what is the principle of trading precisely on a decentralized exchange? The fact is that at the moment there is not a single truly decentralized exchange on which there is liquidity. I see no problem using centralized. I think in a few years there will be really big and decentralized exchangers.
The government are those who will benefit from the exchange and other fees. Decentralized exchange are good but there are variety of factors to consider for it to become effective. It is not easy for a society to really adapt bitcoin because it is very hard and very hassle to use. Exchanges are the one who make the transactions delayed because it really causes some errors. People only appreciate centralized exchanges because they not yet tried to have a transaction using decentralized exchange for a more secure trading.
What I just tried before is the ERC20 tokens where you can trade it on EtherDelta.
What I like trading ERC20 tokens before is the fees are cheap, since it is under Ethereum. But my trades their didn't went well since most of coins there are shitcoins and trading volumes are not quite good.
But overall, trading on such decentralized exchange is pretty safe and comfortable.
What I like trading ERC20 tokens before is the fees are cheap, since it is under Ethereum. But my trades their didn't went well since most of coins there are shitcoins and trading volumes are not quite good.
But overall, trading on such decentralized exchange is pretty safe and comfortable.
And what is the principle of trading precisely on a decentralized exchange? The fact is that at the moment there is not a single truly decentralized exchange on which there is liquidity. I see no problem using centralized. I think in a few years there will be really big and decentralized exchangers.
There are some things that traders concern, there are those who prefer transaction speed and high volume so that they can quickly sell or buy CEX of their choice, but there are also traders who are concerned with security and DEX is often the choice of traders like this.
I'm not often using DEX sometimes use IDEX and WAVESDEX but not the first choice, I only feels safe leaving the assets being traded on DEX.
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