Topic: Best Decentralized Exchange out there? - page 3. (Read 520 times)

To determine the best Decentralized exchange is not easy enough. For one thing, there are currently hundreds of decentralized exchanges out there and the number continues to grow. Also, different decentralized exchanges offer different features and may work differently. To evaluate it, you must consider many factors, such as security, ease of use, a speed of trade, trading volume, liquidity, the number of crypto assets that can be traded, etc. In my opinion, IDEX is decentralized exchange currently the most widely used. Therefore, maybe the best.

If you are looking to trade cryptos with leverage Bitmex has always been the goto solution because they offer up to 100X leverage on perpetual contracts on Bitcoin.

Some issued with Bitmex are that they only take deposits in Bitcoin, are super complicated to use and their contracts on the alt coins expire like traditional futures.

I have seen a lot of news about a company that is about to Launch called Monfex. It looks like they will be offering leveraged perpetual contracts on over 10 coins and allow funding in USD and Euro in addition to Bitcoin.

Their advertising puts a lot of emphasis on simplicity. If they are easy to use, they are certainly worth a shot. Also there may be some potential arb opportunities with the financing rates between Bitmex and Monfex.

Etherdelta have successfully hosted decentralized exchange and trading platform for more than a year and several other Dex has sprung up.  Among the decentralized cryptocurrency exchange,  I think folkdelta is the best!

I'm not using them, so, i doubt what a safe they are. Since i used private key every time i deposit the token on the exchange, i try not to use that wallet again. In addition they work very slowly.

I use IDEX 7 months, there were no problems.

As my practice has shown, this exchange IDEX is not decentralized. There were problems with trading when I wanted to buy tokens at a low price, but the tokens were suddenly blocked for some reason! Etherdelta in my opinion the most practical of all!

Stellarx someone tested already?

I am use IDEX and i think that is the best decentralized exchange i have ever used if compared another decentralized exchange and much better than Etherdelta.

anyone from Southeast Asia knows INDODAX? I heard about an exhcange that can be a competitor with that in this link: http://www.iconewsmedia.com/2018/09/financex-is-indodaxs-new-competitor-as.html?m=1
What do you think? I am thinking of using that instead of Binance

This is a common and frequent question most of the people are asking and it is very important as well. According to my experience i have used etherdelta and Dex. Out of them etherdelta takes a lot of time our trade to be processed and it is and uncomfortable thing. But in case of Dex it is not like that and it gives us a satisfactory service out there.

Yeah plus one mate, they are very worst in their user interface. Literally first time when I ended up on the ether delta then I did not even found proper functions and buttons to proceed further. I did not even understand how to open up the wallet and I was very scared about sending my private key with their functions.
I am not sure how many of you use them but for me its like giving away my private keys to them. I know there has to be function which will not disclose our keys to them but what if someday there comes in phishing link and you just enter the private keys into it. Thats why I dont like them. Its better to use centralised exchangers as you dont have to worry about your private kets except the passwords. 

to me i think idex i my best decentralized exchange since the very first day i was introduce into cryptocurrency i got to know idex duo it has a minimum and maximum trade but i still prefer it because i have really earn allot there.

In my opinion one of the good decentralized exchange is Waves Platform, in that exchange we can trade not only tokens based on waves blockchain but also others coin like BTC,  DASH,  ZEC etc.

Infact, i will never use etherdelta and forkdelta because both are same in design and user interface with much lacking public interest and very confusing functions, also not secure because they ask you for private key.
I use binance and livecoin but as you are looking for decentralized exchange, you can wait for other's replies and see if someone has better suggestion for you

Idex is better. They have proper connectivity options with the ether wallet. Mostly you can use Ledger, MEW, and Metamask to connect instantly and have your coins accessible via Idex market. They have very much simple user interface and it does look like very clean. Also I am suggesting it for one more reason, its more or less far secure than the other Dex sites out there because they are not having straightforward accessibility towards the private keys owned wallets. Lets not forget that IDEX also is very popular and having lot of volume which is not seen always on a decentralised wallets.

ForkDelta is quite fast compared to ETHDelta but being a fork of the original ETHDelta decentralized exchange, I'm afraid that it would suffer the same issues in order processing speeds over time as people begin to use it at a large scale. The IDEX exchange is quite new to me and doesn't have much liquidity AFAIK. But, if it's fast enough to handle my ETH to token trades, then it'll be quite worth it. I'm also looking to trade crypto-to-crypto, not only limited to ETH-to-tokens trades. Since decentralized exchanges are nearly beginning to emerge, I believe that it would take a couple of years from now before they become as popular as centralized exchanges.



Yes. These are still the very early days of decentralized exchanges. However, I'm amazed how quick they've advanced in handling scalability issues, via the use of different blockchain networks that are much more scalable than Ethereum right now. I've tried CryptoBridge and it's quite fast, but it lacks liquidity just like most DEXs out there. Centralized exchanges are still in the lead I'm afraid, and until people realize that such services are highly manipulated by governments and their funds are at risk, they won't switch to a decentralized alternative anytime soon due to the high liquidity centralized exchanges provide.

In my case, I'm looking to trade Ethereum to tokens, as well as, any other cryptocurrency (like Bitcoin) to another cryptocurrency. Perhaps, with atomic swaps, things would be much easier, but until that happens, then it's up to DEXs to improve in scalability and liquidity for them to become extremely popular.

In the meantime, my choices for decentralized trading are Bitshares, CryptoBridge, and IDEX. Unless there's a better DEX out there with instant speeds, those would be my top choices for now. One DEX I'm looking forward to is EOSFinex. This one will live on the EOS blockchain, which would be superior to other DEXs simply because EOS is much more scalable than any other smart contract platform I know of.

Either fork or ether is not good and so hassle to see their slowness and it gives me headache from time to time trading at them way back before and for now I prefer to use IDEX since they are more faster compare to those shitty exchange and they are also have a great volume which forkdelta and etherdelta don't have for now.

I think IDEX is the best-decentralized exchange. Because has been more than 400 cryptocurrencies/crypto assets listed on it. And then you can also use IDEX with MetMask or Ledger Nano S like wallets to further strengthen your security while using this exchange.

All of the decentralized exchanges are in the same situation, all very slow. One of the biggest problems of our day is that the decentralized exchanges are very few and useless. Accordingly, many traders are forced to use the central exchange.
Also, I'm hesitant about their being decentralized. I am not sure which hacking incident, but I have read that IDEX blocked the account that wanted to sell hacking coins. In this case is it decentralized?

Etherdelta is really slow and unresponsive exchange, I left using this exchange from the beginning of this year. But You can use Etherdelta fork exchange called Forkdelta. This is fast enough and easy to exchange ERC20 Coins. In my view, The best Decentralized Exchngaer is Idex. Idex is being very popular recent days, Idex is very safe too. I have never felt safe in other decentralized exchange than Idex. You may try there.