Topic: Atomic Swaps or Decentralized Exchanges? - page 2. (Read 287 times)

If you care less about the exorbitant fees of Ethereum, you can go for atomic swaps like Uniswap, 1Inch, Sushiswap, etc. For me, as long the amount that I’ve exchange is way, way, way bigger than the fee itself, that would be fine. However, if you want to save some fees, go for the traditional CEXs or DEXs. But these atomic swaps would have large number of users and activity if ETH 2.0 is going to launch because of it’s proof-of-stake transition.

I won't be surprised if Pancake pull another "Binance DEX" move where they limit from where users can use the platform.

DEX is not the same as an atomic swap if you want strict terminology since most of the time you're interacting with assets on the same chain. An atomic swap is more expensive, at least in most platforms that I know. Even the third-party instant exchange platform is so expensive right now. CMIIW.

Right now none of them have any KYC but that doesn't mean it can't change. Most of "decentralized" exchanges (including those using Atomic Swaps) aren't completely decentralized. There are traces of centralization in their design. For instance when you are connecting to a "server" or when you have to pay a "trading fee" to some centralized authority these are a good indications of centralization. And when there is centralization, the government has a way of putting pressure on that centralized authority and force them into doing what is demanded of them. It could be KYC or any other invasion of privacy all the way to shutting them down.

Smart contracts on those Uniswap, Sushiswap, any swaps combine with the high transaction gas price on the ERC-20 chain will charge users very expensive transaction fees.

Not all tokens have their smart contracts are built on Binance Smart Chain and have plans to make a hybrid contracts for ERC-20 chain and BSC chain. I would like to use centralized exchanges to trade tokens. Swap is a trend from DeFi and people don't realize that they lost many transaction fees from swaps.

If people want to use swaps, they can consider to choose BSC chain and tokens that support that chain in order to save fees. ERC-20 chain is not good at this time and we have to wait for good upgrades from ETH 2.0.

Huobi exchange creates their HECO chain but this chain needs more time to attract developers and users.
https://www.hecochain.com/en-us/

For me its uniswap and pancakeswap. These dexes are widely used now. Not sure about atomic swap, but Ive been hearing a lot of good feedbacks before about this. Dex under ehh are massively common used so I guess this is way better example of these are the one mentioned aboved. Also the pancakeswap that are gaining traction now.

I'm probably guessing that the Binance "DEX"[1] is the biggest? But yea, they're mostly more of non-custodial than "decentralized", because they're definitely not decentralized. "DEX" is unfortunately more of a marketing term. No KYC as far as I know though.

Following up next down the list, I'm pretty sure Uniswap[2] is the second biggest. Obviously, no BTC because everything will be ERC20 tokens, and take note that the gas fees on ETH are tremendous.

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[1] https://binance.org/
[2] https://uniswap.org/

You can check the link below for first fifty decentralized exchanges, you can click on each to see the coins with the highest trading  volume, coin pairs, volume, price and volume percentage. PancakeSwap3 will be good for Dai swapping, but for bitcoin exchange, Bsiq will be the best as most of these exchanges are not supporting bitcoin.

Most of these exchanges are ethereum based, if you want the ones that are general, you can use Changelly (but some cases in the based in a way they demand for kyc), or CoinSwitch.

https://coinmarketcap.com/rankings/exchanges/dex/

Decentralized exchanges are the platforms. Atomic swap is the service decentralized exchanges are offering. Atomic swap is a smart contract that fulfills trades between two people without the need for any third party. Athough, the definition is not totally fulfilled by the exchanges that are providing such services but the true ones do make sure they are completely decentralized without requesting for KYC.

This can be the fear that government may ban such services, but this has been impossible as they even seen significantly growth in 2020. They have nothing to do with tax as they are Decentralized.

Using the link above to check will be good. For bitcoin users, Bsiq will be preferred. For ethereum and its tokens, Uniswap, PancakeSwap and some others will be preferable. For Binance coin, Binance Dex and BurgerSwap will be preferred. For exchanging from one big coins to another like bitcoin, ethereum, tether, Dai, litec and many such coins, Changelly and CoinSwitch will be preferred.

There are a list of exchanges here https://www.coingecko.com/en/coins/dai#markets

Anyway, if you don't care about the high transaction fee(due to network congestion) you can try Uniswap or Sushiswap. Those exchanges are decentralized without KYC and I think they won't comply with the tax and they have the same charge fee of 0.3% trading fee.

Which atomic swap service is the best out there that allows you to sell your popular common crypto's for dai?

Are decentralized exchanges same as atomic swaps?

Do both of these services have to comply with tax regulations and KYC? If not then can governments ban them or shut them down?

Which is the best decentralized exchange out there?