Topic: Best Decentralized Exchange out there? - page 2. (Read 507 times)

Right to say but we have few best exchanges in which Binance, Bittrex and Coinbase are the top exchanges and other than these three the exchanges you mentioned will also work the same but you will have to look at each and everything. Most traders are using best exchanges which they choose due to its simple use and large volume availability features and ofcourse there are many other things to consider which make these exchanges our best choice.

It is true that decentralized exchanges are still not very popular, but in my opinion this will soon change. On all the DEX's, volume is growing mainly thanks to tokens, but it helps to popularize them.

Answering your question, I spend most time on IDEX lately. Their information shows that they have the highest volume from all decentralized exchanges.

Here is some overview: https://twitter.com/DapplistCT/status/1051220827264438276

Exactly. People won't care about decentralization, if they could easily exchange cryptocurrencies without downtime. Since centralized exchanges like Binance provide the most liquidity, buy and sell orders become settled quickly. In contrast, decentralized exchanges lack liquidity but they’re much more secure and cheaper in costs than their centralized counterparts. Eventually, people would switch to decentralized exchanges if they continue to experience undesired situations within centralized exchanges such as hacks or theft.

With a decentralized exchange, there's no counterparty risk, you're the sole owner of your funds (if you have access to your private key), and there’s no single point of failure. It could be said that decentralized exchanges would live almost forever if the blockchain they're operating within is still alive. As such, I believe that the best decentralized exchange yet would be Bitshares.

Bitshares is extremely fast, responsive, and has some level of liquidity. While centralized exchanges still have greater liquidity than the Bitshares DEX, this last one is the safest approach to trade your cryptocurrencies without having to worry about hacks or theft. However, not everyone is accustomed to using decentralized exchanges, due to their complexity in design. Therefore, centralized exchanges would still have the lead unless something very bad happens with them.

Nonetheless, the best decentralized exchanges I've found yet are: Bitshares, IDEX, and Bisq. There's a new one that will be launched soon called EOSFinex, which will live on the EOS blockchain. Once it's up and running, then it could become the best decentralized exchange in terms of speed, and lower costs. Just my thoughts

Most of the exchange which I used most often are Binance, Kucoin, Hitbtc, Livecoin, Coinbene, Coss, Bittrex, Idex, Cryptopia, Houbi, and Okex, those are good to me in my opinion. But still there are lot of exchange out there which I think you can probably choose that the best for you, you can check it at coinmarketcap.

I don't think it's going to be that groundbreaking. Most people are used to how Binance works right now. It's extremely responsive, trades settle instantly, and spreads are extremely tight.

Another benefit is that they don't seem to care about KYC and all that nonsense. In other words, even if Binance's DEX will work better than all the other ones out there, people will still use Binance's main exchange.

I can't even blame people for that with how little of them actually care about decentralization. Most people just want to trade without headache and Binance allows them to do exactly that.

DEXs will only gain traction when the centralized ecosystem has become entirely infected with the KYC virus. In other words, only when there is no other viable option left people will go for DEXs.

Binance and Bittrex are two highly rated exchanges which are the best choice of traders besides which there are few other exchanges out there but those exchanges have features different than Binance and Bittrex that make them our last choices. We choose the two best exchanges due to its simple use and large volume which are more familiar to users than that of other exchanges.

dax is idex? i like trading on idex because the volume there is large compared to others, why is it possible to trade because it's a young market so they still have to develop a server to be able to speed up transactions

I used 3 Decentralized Exchanger but IDEX is better. Forkdelta is slow. when the name was etherdelta the site hacked so many times.so i recommended for you to use idex.but now i am not interested in Decentralized Exchanger because they want private key

Honestly, as far as I am concerned, I won't say there is any best decentralized exchange out there. Few things are common with most of them, which are bad user interface as well as low liquidity and really, what is the point trying to expect something much from such. I feel we still have a long way to go with decentralized exchanges and even though I can still classify Idex not to be that bad, but I believe there is actually room for growth and the ability to be able to do more. I am still waiting direly to see what binance will end up coming with, maybe by then; I may start seeing something good with Dex.

I am using IDEX the most,  as I have lost confidence in EtherDelta and ForkDelta . IDEX has decent volume
and many listed coins I am looking for trading with.

IDEX is a friendly user also but you're right it have only low market volume and also there is no BTC pairs. If they added that pairs, it probably more traders will come along with that exchanges.

IDEX has zero listing fee, so most of new tokens get listed there directly after the token slae. It is fast and easy to deal with, but it lacks volume as all other DEX.

Seems like you haven't used decentralized exchange once? You can see out some fees associated with making orders 0.1%-0.2% and that's how they do make money.
When we do talk decentralized it doesn't mean no one would able to make a site, there would be no such thing decentralized comes to trade without specific kyc procedures but we do know the
disadvatange over centralized.

In my counsel most decentralized exchanges are in the same situation, i think Etherdelta is the best decentralised exchange now in the market.because i still prefer it and i have really earn allot there.in my opinion Etherdelta is the most practical of all!

Wave’s platform is just basically an exchange that permits trading waves token with most of the top coins and sure, it is good but not really that much in use to a large scale extent yet. It is still the same thing across board, and we really cannot tell how things would end up panning out in the long run with decentralized exchanges, but one thing for sure, is that things can still get better and we are not where we should be pertaining decentralized exchanges yet. For what it is worth, I will say the only Dex that I can even MANAGE to use right now is Idex, and even at that, sometimes, I still have my reservations.

Be cool. When I traded last time with forkdelta decentralized exchange, I remember that I paid some exchange fee for my trade. If this is correct then this alone an enough way of income generation for a decentralized exchange. Maybe they do charge for listing a new coin/token. This must be the biggest way of income generation for exchanges now a days hence how it will be for a decentralized exchanges.

If anybody ask me which Decentralized exchange is the best? My answer will be IDEX and Cryptobridge. This two exchange have very good trading volume daily and I'm using this two exchange.

I suggest you don't use it unless you have to. Because they work very slowly and I'm a little skeptical regarding to trust. IDEX is the one i use most, but i don't use the same address again after every visit to IDEX. In my opinion we should use centralized until decentralized exchanges are updated.

I do not trust decentralized exchanges. Where do they even make the money? Why do they even exists? I mean if a company tells me that its free I know that usually I am the product in that case. Nothing is free in this world and anytime I see the word free I am afraid.

If the word "decentralized" used properly that means there should be no trading fee since there is no centralized trading platform that requires money, if there are no fee's how the hell do they make their money. I do not trust any of them and specially not the ones that requires to be a chrome extension and be open constantly.

For now i choose IDEX, because it is different with another dex that i already tried ( Etherdelta, forkdelta) because we get easier when put buy/sell orders. Like an commonly market and we can sell it immediately.

Hundreds? No, i dont see to have that number of DEX that do exist on the market today i do rather believe on centralized exchangers reaching out these numbers.IDEX do suits out my interest when it comes to using Dex
simple UI, isnt laggy and fast execution of actions or the simplicity.I do recommend or do like this one compare on the former Etherdelta or Forkdelta. Bancor.network is also a good option too.