Topic: Best Decentralized Exchange out there? (Read 520 times)

I don't really recommend forkdelta or etherdelta for any newbies, I think DEX can be better of other ways am not too good with Decentralized Exchangers.

That's certainly true, mate. We must consider the fees and liquidity of a DEX before we conduct our trades in it. Recently, DEXs have become popular (although not at the same level of centralized exchanges). If people recognize that their privacy and security is at risk within centralized exchanges, then they'll switch over to DEXs (which contributes towards the increase of liquidity over time). AFAIK, IDEX is one of the fastest and most responsive decentralized exchanges out there. There are lots of tokens listed there, and with the Wings partnership, things will become even better over time.

On the other hand, there's another DEX which has an interesting concept. It's called MoonDEX and it provides hefty rewards to those who can afford a masternode. Based on Bitshares' Graphene technology, MoonDEX will be able to process large TPS without delays or downtime. The masternodes feature is quite interesting, as it will allow you to earn MDEX coins passively, while using them as a discount for fees within the exchange. Cryptobridge by the way, is also a good DEX and it provides a reward system to holders of Bridgecoin (BCO).

This all means that DEXs are creating attractive revenue models, that are sure to attract people into them. Once they've gathered many users, they could probably replace centralized exchanges if they could maintain a high level of performance. Nonetheless, in the future, DEXs might take over if they experience adoption within the mainstream world. The best DEXs out there are: IDEX, EtherDelta, ForkDelta, Bitshares/OpenLedger, MoonDEX, CryptoBridge, Switcheo, Bancor, Saturn.Network, 0x, Radar Relay, and even Altcoin.io. Just my opinion

As a newer in trading I choose to use exchange which is less fees and at the same time with have good liquidity. But some of the good exchanges that has a good liquidity of transactions has a huge fees needed so it is optional for everyone to pick their best exchange.

I also choose this exchanges for trading but not for long term storing of funds. I make sure that after buying coins, Ill be transferring it on my own wallet. Exchanges are good for trading but not as storage of coins. Personally, I use open source wallet because it provides me the private key unlike every exchanges which does not provide. Exchanges does not provide full control over our funds, thus is why we should transfer anything we have in exchanges. You can use electrum for Bitcoin and Hodler wallet for multiple kind of coin which the only open source multiwallet.

The liquidity of the DEX is slow because it is based on real needs of sellers and buyers and not the bots as in the CEX, if you buy too cheap or too expensive will be long match, I tried Exchange at Forkdelta and quite satisfied.

IDEX has great performance, compared to other known decentralized exchanges. I believe that it has good potential to take the crypto world by storm, as people realize its benefits. The vast number of tokens available on such DEX shows how popular it is right now. This means that the competition would be between EtherDelta and IDEX as decentralized exchanges which provide ERC-20 token trading pairs.

On the other hand, IDEX's partnership with WINGS would allow it to expand in token offerings over time, which is good for mainstream adoption of the same. In my experience, IDEX is quite fast compared with most decentralized exchanges such as EtherDelta and ForkDelta. However, these last two decentralized exchanges could improve in performance over time as the Ethereum blockchain scales with its Casper PoS consensus algorithm and Sharding.

Other decentralized exchanges which are also good are Bitshares, Switcheo, Saturn Network, Radar Relay, Paradex, MoonDEX, Bancor, and even Bisq. This last one is convenient (although not as fast as other DEXs) since it allows you to trade your Bitcoin to any other cryptocurrency listed in a P2P fashion. The Bisq decentralized exchange automatically connects to the Tor network for privacy and anonymity which is a plus, IMO. Nonetheless, decentralized exchanges could get the traction they need within the mainstream world if they improve in terms of performance and user friendliness.

I think IDEX is one of the most popular decentralized exchanges in use. IDEX supports many tokens based ERC-20 by far – over 400. It also has a signed strategic partnership with the WINGS Foundation, and any ICO launched through the latter will automatically be listed on IDEX.

EtherDelta is a good decentralized exchange, because it has many ERC-20 Token trading pairs compared with most DEXs out there. However, it's not perfect due to its slow speed and high fees. It is largely dependent on the Ethereum network itself to scale, resulting in massive order settlements within EtherDelta. Since Ethereum hasn't scaled yet, EtherDelta will keep facing the same issues repeatedly. But once ETH adopts Casper PoS, then the whole performance of the network would increase to a point where EtherDelta and other dApps could benefit largely by it.

There's another DEX based on EtherDelta which is called ForkDelta and promises to be much faster and more stable than its counterpart. However, since it depends on the ETH blockchain, it will face the same drawbacks as its father. Other decentralized exchanges like Bitshares/OpenLedger, CryptoBridge, and IDEX are much faster and more scalable, but aren't widely adopted by the public yet. There's no doubt that decentralized exchanges will improve over time, but if they want to take over centralized exchanges, they need to show the world that they're capable of scaling to a wider audience within a short time frame.

Nevertheless, I believe that the best decentralized exchanges are IDEX and those that are based on Bitshares such as OpenLedger, CryptoBridge, and MoonDEX. Just my opinion

I grew up in this community with Etherdelta even before IDEX came so my bias goes to them. I learned so much in trading with it that are really memorable gains or losses wise  just sad that has happened to their founder

IDEX is among the fastest decentralized exchanges in existence today. However, there will be a new DEX that will make use of EOS's blockchain to perform orders at unmatched speeds. The DEX is called EOSFinex, and once launched, it could greatly rival other decentralized exchanges we know and love today. Of course, it’s all about user adoption and friendliness. Which means that if EOSFinex proves to be efficient, secure, and user friendly, then it could take the world by storm.

Nonetheless, I believe that as several Blockchain networks scale, decentralized exchanges would become more useful for our daily lives. Centralized exchanges have been largely dominant ever since Bitcoin was created, but things could change soon as people realize the true risks of such entities. After all, cryptocurrencies were designed to circumvent the middleman, and bring freedom to the world. Which means that one way or another, decentralized exchanges will become practical in the future. Just my thoughts

For me forkdelta and idex are the good decentralized exchange to be use. This exchange is friendly and since i start ,i didn'd encounter any problem regarding deposit and withdrawal.

I posted a thread in the Economy> Exchange sub-forum with a big list of decentralized exchanges. People don't know about it but there are so many of it already, it's up waiting for the users. But I suppose it will take again some time to be adopted. Personally I like Bisq.
Edit: Here  is the thread I am talking about: https://bitcointalksearch.org/topic/m.42685352

All of the decentralized exchanges are in the same situation.but i maybe IDEX It's different because IDEX is a friendly user also.and It is fast and easy to deal with.

For now, the best decentralized exchange is IDEX. Its been there for some period of time and I never find a big problem. The number of new coins being listed on idex growth day by day and the user interface is easier to use. The loading time is good as well.

Hitbtc looks so hard for now, and as far as I know a lot of people experiencing delays in all transactions and also losing of their withdrawals. It is better to go for IDEX even it is a little bit low volume market exchange than of the others but it have a good reviews.

Shapeshift is basically decentralized and has been around forever. Erik voorhes is the owner of shapeshift and he has been a trusted reliable guy in the crypto market so I will definetly suggest any company he has created so far. Dude has collected insane amount of money from people (at the amount of 50k bitcoins, not 50k dollars worth of bitcoin, literally 50 thousand bitcoins) and repaid everyone back with interest when he sold his satoshidice company.

He managed to make close to a billion dollars from his crypto works so far and get out at the perfect time when satoshidice was getting worse and worse and right now he probably couldn't sell it for a thousand bitcoin if he wanted to. He built coinapult for debit card systems and with bitinstant, right now shapeshift is his main focus and it has been a known great company so far.

Binance, Hitbtc and huobi is my daily use exchanges.

IDEX seems to be the best bet for exchanging tokens in the quickest and cheapest way possible. While not fully decentralized (since it combines both centralization and decentralization), it works as intended as it allows you to exchange tokens without the need for middleman. However, in terms of popularity, I don't think that IDEX is one of those DEXs since there are other exchanges with greater liquidity. A good example of this would be CryptoBridge and EtherDelta which have a variety of tokens listed there, and their liquidity is quite high.

While IDEX is superior in terms of speed and lower costs, it's not as popular as other decentralized exchanges. However, this could change over time as people become interested in using these services to protect themselves against the inherent risks of centralized exchanges such as hacks or theft. We know that centralized exchanges like Binance and Bittrex have a wider audience than decentralized exchanges, but once people recognize the true risks of centralized exchanges, they'll start using DEXs more often.

Nonetheless, among the best decentralized exchanges there are: IDEX, CryptoBridge, ForkDelta, Bitshares/OpenLedger, and Waves DEX. However, their success will depend on how many people are using it for their daily trades to maintain high liquidity like centralized exchanges. Just my opinion

from the first time I entered cryptocurrency I always used Forkdelta/Etheredelta and the Token Store as an option to decentralize exchange, and Forkdelta + Metamask is the best in my opinion, very user-friendly and safe.

Idex would be my first pick.
Never got problems with them. All is fast with the right gas.

Your real problem would be if the token that you own or want to be traded is listed with them.
You might need to also communicate via telegram with the management of the certain token and tell them to request a listing with IDEX.