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Topic: Best DEX out there? What do you guys think? (Read 599 times)

sr. member
Activity: 1246
Merit: 252
October 15, 2019, 02:12:46 AM
#74
In my opinion, the best solution among all DEX at the moment is IDEX. And although they have introduced the KYC procedure, if you are a bona fide trader you have nothing to fear. This exchange has the highest trading volumes among all DEX. It is also very user-friendly interface and speed of operation of the whole site out of competition with any similar trading platforms. In the near future, Balance DES will be a good competitor for IDEX.
Some Exchanges are now starting to implement the KYC Process to be able to attract more funds. as in binance which is currently required for large funds to KYC. even though I myself do not really agree with that reason. An investor's data should become their privacy to sell digital assets without having to KYC against the exchange
sr. member
Activity: 994
Merit: 260
In my opinion, the best solution among all DEX at the moment is IDEX. And although they have introduced the KYC procedure, if you are a bona fide trader you have nothing to fear. This exchange has the highest trading volumes among all DEX. It is also very user-friendly interface and speed of operation of the whole site out of competition with any similar trading platforms. In the near future, Balance DES will be a good competitor for IDEX.
TGD
hero member
Activity: 1288
Merit: 620
Wen Rolex?
I used to use Etherdelta or now it's changed to Forkdelta. But the last 2 years I use IDEX. I think this is my best version of DEX. With a good UI, its use is simple, and of course there is also a lot of trading volume. Although there is a minimum of sales and purchases but I think this makes IDEX a DEX that is not a shit exchange.

IDEX can't be considered as DEX anymore since they start requiring KYC on all accounts created or newly register. IDEX is same with centralized exchange right now that holding customers data which is not ideal for crypto user that main purpose is to trade in fully decentralize exchange platform. Some of my tokens is lock there because I don't want to do KYC. I prefer my privacy to be safe.
I am also very angry about having KYC at this decentralized exchange because most DEX exchanges do not require KYC users and Idex is probably the first exchange that requires users to do this. I personally never wanted KYC and as soon as I got this information I stopped all trading activities because I was sure that if I didn't KYC, I would not be able to withdraw money. In my opinion it is best to join Forkdelta because this is the safest decentralized exchange in this market.

Try to explore EOS DEX, They offer a lot of potential coin with high trading volume. IDEX is the first DEX that turn into CEX after what they do. I hate forkdelta because there website is very slow to load
and my browser is not responsive when I'm trading there. And also the trading volume in FD is very low, Only few token there has a volume and the rest is useless. I promised that you will not regret using EOS DEX.
sr. member
Activity: 1078
Merit: 250
http://unidapp.app
I used to use Etherdelta or now it's changed to Forkdelta. But the last 2 years I use IDEX. I think this is my best version of DEX. With a good UI, its use is simple, and of course there is also a lot of trading volume. Although there is a minimum of sales and purchases but I think this makes IDEX a DEX that is not a shit exchange.

IDEX can't be considered as DEX anymore since they start requiring KYC on all accounts created or newly register. IDEX is same with centralized exchange right now that holding customers data which is not ideal for crypto user that main purpose is to trade in fully decentralize exchange platform. Some of my tokens is lock there because I don't want to do KYC. I prefer my privacy to be safe.
I am also very angry about having KYC at this decentralized exchange because most DEX exchanges do not require KYC users and Idex is probably the first exchange that requires users to do this. I personally never wanted KYC and as soon as I got this information I stopped all trading activities because I was sure that if I didn't KYC, I would not be able to withdraw money. In my opinion it is best to join Forkdelta because this is the safest decentralized exchange in this market.
TGD
hero member
Activity: 1288
Merit: 620
Wen Rolex?
I used to use Etherdelta or now it's changed to Forkdelta. But the last 2 years I use IDEX. I think this is my best version of DEX. With a good UI, its use is simple, and of course there is also a lot of trading volume. Although there is a minimum of sales and purchases but I think this makes IDEX a DEX that is not a shit exchange.

IDEX can't be considered as DEX anymore since they start requiring KYC on all accounts created or newly register. IDEX is same with centralized exchange right now that holding customers data which is not ideal for crypto user that main purpose is to trade in fully decentralize exchange platform. Some of my tokens is lock there because I don't want to do KYC. I prefer my privacy to be safe.
newbie
Activity: 9
Merit: 0
In terms of usability and innovation, I think the Switcheo DEX wins hands down. You gotta see it and use it to believe it. Their exchange also comes with atomic swap capabilities which is what a lot of DEXs lack.  

The only unfortunate thing is liquidity, the number 1 problem that all DEX faces.
sr. member
Activity: 2240
Merit: 270
SOL.BIOKRIPT.COM
I used to use Etherdelta or now it's changed to Forkdelta. But the last 2 years I use IDEX. I think this is my best version of DEX. With a good UI, its use is simple, and of course there is also a lot of trading volume. Although there is a minimum of sales and purchases but I think this makes IDEX a DEX that is not a shit exchange.
Etherdelta and folkdelta are different, you may find out. They really look alike though and forkdelta got the limelight when etherdelta was hacked.
Their are different, but there volume is not that high especially on Etherdelta after the hacking incidents. IDEX is my option for a best DEX since they are more secured, more friendly to the users and you can see many tokens there. Though it will depend on the coin/token you have because sometimes you don’t have an option to choose the exchange since your tokens are only listed on a not good exchange.
We were equally deceived that decentralized exchanges cant be hacked since every user has access to his own private keys and that single made traders loss confidence in etherdelta. Etherdelta and folkdelta usually dump price while have seen a sole pump from IDEX, most ERC20 gets listed here before getting on any centralized exchange.
hero member
Activity: 2086
Merit: 553
Leading Crypto Sports Betting & Casino Platform
At present for decentralized exchanges which are quite good and in terms of trading volume it is also not bad as there are many other exchanges whose trading volume is falsified. Idex and also Forkdelta. can be chosen because Forkdelta has so many Tokens that are free without listing fees. some others are still complicated according to pemgirisamya
sr. member
Activity: 2044
Merit: 314
Vave.com - Crypto Casino
I used to use Etherdelta or now it's changed to Forkdelta. But the last 2 years I use IDEX. I think this is my best version of DEX. With a good UI, its use is simple, and of course there is also a lot of trading volume. Although there is a minimum of sales and purchases but I think this makes IDEX a DEX that is not a shit exchange.
Etherdelta and folkdelta are different, you may find out. They really look alike though and forkdelta got the limelight when etherdelta was hacked.
Their are different, but there volume is not that high especially on Etherdelta after the hacking incidents. IDEX is my option for a best DEX since they are more secured, more friendly to the users and you can see many tokens there. Though it will depend on the coin/token you have because sometimes you don’t have an option to choose the exchange since your tokens are only listed on a not good exchange.
member
Activity: 742
Merit: 11
I've been using FORK DELTA for many years, I have no complaints about their exchange except that the volume is low and currently, they're asking for donations to survive that I don't really worry about because they received a huge support from the community. I like IDEX but each trade has a minimum.
sr. member
Activity: 2240
Merit: 270
SOL.BIOKRIPT.COM
I used to use Etherdelta or now it's changed to Forkdelta. But the last 2 years I use IDEX. I think this is my best version of DEX. With a good UI, its use is simple, and of course there is also a lot of trading volume. Although there is a minimum of sales and purchases but I think this makes IDEX a DEX that is not a shit exchange.
Etherdelta and folkdelta are different, you may find out. They really look alike though and forkdelta got the limelight when etherdelta was hacked.
sr. member
Activity: 1050
Merit: 256
I used to use Etherdelta or now it's changed to Forkdelta. But the last 2 years I use IDEX. I think this is my best version of DEX. With a good UI, its use is simple, and of course there is also a lot of trading volume. Although there is a minimum of sales and purchases but I think this makes IDEX a DEX that is not a shit exchange.
legendary
Activity: 3038
Merit: 1166
Leading Crypto Sports Betting & Casino Platform
Am i the only one in this thread who still favors Forkdelta? I am not the op but i enjoyed to read the answers.
I didn't realize that waves dex is looking so beautiful today. I must try it again, it it used to be the place where the tokens went to die. And Komodo dex exist? It's hard to keep up with everything in this space, i need to try out every dex in this thread.
legendary
Activity: 1512
Merit: 1004
Different platforms with different DEX.
NXT,WAVES,ETHEREUM,BITSHARES,all of them had dex,but on a single chain,and some of them have high trading volume.

And I am also developing a dex based on polkadot,which is a multichain architecture,most suitable for cross chain DEX.
Hope can release more information later this year.
member
Activity: 854
Merit: 10
If the DEX project shows a lot of promising features as well as other already integrated features, then I might decide to invest in it. Although, I have not done one, except for those coming from centralized exchanges. However, everything in the crypto space is trend based. If the new trend falls on DEX projects, then I will gladly invest in it.
member
Activity: 798
Merit: 14
The best Dex I'm aware of is Idex, their token is costly but it's worth the investment. You can as well look for Upcoming Dex whose price is yet in cents or around 1-5$.
hero member
Activity: 2730
Merit: 585
Leading Crypto Sports Betting & Casino Platform
I don’t know about all these projects that you are talking about, but I think that Binance DEX and IDEX has always been the best decentralized exchanges to me, all these listed by you are quite unknown and I am sure they are not very much popular, and one of the reasons you need to consider a popular dex exchange is because of the volume you will get.

The more users of a dex, the more it would be easy for your transactions to be carried out easily. You know what we have been struggling with as regards dex exchanges generally, it has really not been easy as CEX has taken over the whole platform, but I think that now that people are beginning to pay attention to some of these few listed ones, they might really be worth trying out for a reliable projects.
10c
full member
Activity: 658
Merit: 100
BuyAnyLight - Blockchain LED Marketplace
Idex has always been my previous choice, it makes me happy. However, the arrival of Binance Dex made me change my mind, I switched to using Binance DEX because it is safe and has a stable trading volume.
Binance dex is the reputation of the Binance Exchange itself. that is why people are choosing it now. they still feel safer on this exchange than on any other
legendary
Activity: 1526
Merit: 1179
There is only one DEX i am using now and that is BINANCE DEX, i never had an issue on that exchange and the speed rate is very accurate and fast.
It's a good alternative as long as Binance doesn't withdraw its support and market makers. I really wonder what would be left of it would that happen, because all other non supported DEXs lack liquidity and use.

Throughout the last years not much has changed at all when it comes to DEXs gaining popularity---Binance thus far has been the most successful one because of how CZ did the marketing for it and the financial support he provides.
member
Activity: 322
Merit: 10
Proof-of-Stake Blockchain Network
I'm looking for some DEX projects to invest in, since I believe they are the future of trading for those of us who care about privacy, security, and peace of mind while trading basically.

I found Blocknet, which was founded in 2014, launched the first functional DEX. Seems like a promising project with a good entry price right now.

Also found Komodo, Bisq, and a few others..

There seems to be so many out there as of late, what do you guys think?

All Dex unfortunately have one big problem-it is small trading volumes for all currency pairs. I have not yet met a single Dex where there was a trading volume at least a little at the level of any of the centralized exchanges. I trade on them only if the coin is not placed on any of the Central exchanges. At the same time, I choose not some specific exchange, but one on which the coin I need is traded.
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