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Topic: Best DEX trading platform - page 2. (Read 353 times)

legendary
Activity: 2170
Merit: 1789
November 08, 2020, 01:47:49 AM
#7
Still depends on the token and the team behind it.
I think that's not entirely the platform's fault. For example, you see a lot of delisting from CEXes (even Binance) due to low volume or lack of liquidity. In other words, if some assets are shit then they won't have a good volume regardless of where they are traded.
full member
Activity: 1904
Merit: 138
★Bitvest.io★ Play Plinko or Invest!
November 07, 2020, 11:14:53 PM
#6
If a decentralized platform is able or if it provides enough liquidity and decentralization so that no third party can find or request personal information, then it will be so popular that you know it without searching for it.

All decentralized platforms have low liquidity, but the matter will change in the coming years, so continue to search and use the largest number of them after making sure that they are decentralized platforms.
 Uniswap and Bisq is the best.

Central platforms will work to transfer money from cash to cryptocurrencies, while the decentralization is the one that transfers between cryptocurrencies.

That's the usual problem of DEX, low liquidity. I guess, Uniswap is enjoying right now having good liquidity, but not for all tokens. Still depends on the token and the team behind it. So there's really no best DEX for me, as long as they serve my purpose at the time of trading without a prob, then it's good. In the long run, I believe DEX will slowly die. I remember the days of etherdelta before, when every eth token is being traded at.
legendary
Activity: 1596
Merit: 1288
November 07, 2020, 05:11:08 PM
#5
If a decentralized platform is able or if it provides enough liquidity and decentralization so that no third party can find or request personal information, then it will be so popular that you know it without searching for it.

All decentralized platforms have low liquidity, but the matter will change in the coming years, so continue to search and use the largest number of them after making sure that they are decentralized platforms.
 Uniswap and Bisq is the best.

Central platforms will work to transfer money from cash to cryptocurrencies, while the decentralization is the one that transfers between cryptocurrencies.
legendary
Activity: 2268
Merit: 18775
November 07, 2020, 04:27:40 PM
#4
With decentralized exchanges we need to open the trade and stay until it gets executed. If anything in between happens(chances are low) it'll make us stand barehands, as we can't request for support anywhere.
That's not accurate. There are plenty of DEXs like Hodl Hodl and LocalCryptos where you do not need to hang around waiting. You can post an offer and immediately log off, shut down, and go about your life. You'll get an email notification once someone responds to your offer so you can initiate the first part of the trade. The only DEX I use where you do have to keep the exchange open while your offer is active is Bisq, but that is because you are physically running the Bisq software on your own computer as opposed to trading through their hosted website.

All the DEXs I have mentioned above have support and arbitration methods available in case of a disputed trade, so you are never left "barehands", as you put it.

Only thing beneficial is to stay anonymous.
Privacy is one benefit, sure, but there are a plethora more, such as keeping possession of your own keys and coins, not having to trust third parties, not having an exchange decide where you can and cannot withdraw or deposit coins to, not having to fear about your account being locked/frozen, etc.
legendary
Activity: 3234
Merit: 1214
Casinopunkz - Anonymous Crypto Casino
November 07, 2020, 04:04:20 PM
#3
Mostly traders prefer comfy with the centralized exchanges than the decentralized ones. With decentralized exchanges we need to open the trade and stay until it gets executed. If anything in between happens(chances are low) it'll make us stand barehands, as we can't request for support anywhere. Only thing beneficial is to stay anonymous.

Centralized exchanges always have trust factor, and to keep up the business it is a must to give the best to the users. This way centralized exchanges stand higher than decentralized exchanges. In recent days I find uniswap to be good to users who haven't used to traditional practice of trading.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
November 07, 2020, 03:39:35 PM
#2
Idex and Binance Dex are not actual decentralized exchanges.

What I usually see is when mk4 suggests hodlhodl.com and bisq.network.

But what most of the traders are to use those centralized exchanges. They are more comfortable using them than a real dex.
sr. member
Activity: 1638
Merit: 261
November 07, 2020, 02:07:35 PM
#1
What's the best DEX trading platform which can compete with centralized platforms like Binance, Kraken, etc in terms of speed and UI but at the same time it should be dependable and robust. It doesn't sound safe to complete KYC and furnish details about us to CEX when transaction is tend to cross a certain limit.

Kindly share your suggestions, I have already used IDEX, Uniswap, Binance DEX
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