best one is Forkdelta
I guess you are more exposed to Folkdelta than others. I have used both Folkdelta and IDEX, but i will always choose IDEX over it, because of more volume.Apart from volume, almost all DEXes have the same user experience.
Topic: Decentralized Exchanges - page 13. (Read 3366 times)
Apart from volume, almost all DEXes have the same user experience.
Decentralized exchanges are nice, but I think that now all this will definitely seem like a dummy, because now there is one exchange that can call itself decentralized, this is probably forkdelta and that's it.
You might be right, because decentralized exchanges do not use API, they do not use bots to trade. So you will not be able able see buying and sell orders running in between, without any real trader coming in place.I once used a decentralized exchange, that has no real volume, yet it is stated on marketcap sites that has got a lot.
You would also need to look into others, to see that some still have better interface than folkdelta and volumes are gradually rising.
A real breakthrough in the cryptocurrency industry would be the emergence of a truly decentralized exchange with atomic swaps. This would solve the problem of centralization and total control by the regulator.
I for one like using Dex hne I came into cryptocurrency newly, I missed out on a lot of coins because I wasn't conversant with Idex most especially but since I started using it, I've moved to forkdelta. I think bancor is the easiest to use due to the instant liquidity. Another disadvantage of Dex is its low liquidity CEX has more liquidity than Dex making Dex hard to use most times.
Posts like this are not meant to be neglected, but bookmarked for future reference. Thanks OP for this carefully written post. The essence of cryptocurrency is decentralization, which is why decentralized exchanges are very important for security reasons and other reasons that might be attached to it.
There are so many Decentralize Exchange and I have some question with the exchange like this. Is there any chance that the crypto being deposited will be hi jack and taken out from the hacker just like what centralized exchanges had been experiencing into? THere are hi jacking happens on some centralized exchange so if the decentralized exchange will not be easily hijack then decentralized exchange is the future of crypto exchanges.
If you read the news very well in the 2017 years, you could have noticed that etherdelta was hijacked for several times. This was done by hijacking the exchanges domain and send users to their fake etherdelta site. This is why metamask was and is used by many people who use these decentralized exchanges because with that if your funds are sent to a hacker's site, you lose only those tokens but if you log in with your private keys to the fake site, the hacker gets access to the rest of your tokens to steal all of them.(That's when you log in to a fake decentralized exchange)
From those many kind decentralized exchanges, what is famous to me is forkdelta, etherdelta and Idex. And also Idex has a larger volume than others in my opinion. Unfortunately Idex is not as usual, to sell tokens there, that token must be listed first.
Decentralized exchanges are nice, but I think that now all this will definitely seem like a dummy, because now there is one exchange that can call itself decentralized, this is probably forkdelta and that's it.
best one is Forkdelta
Nice one and such an quality time devoted to set it all up. I really dont like some of this Dex because of its lapses and UI after using ddex I loved it's work and my first ever Dex to use
I think that centralized exchanges will be more popular in the near future. It seems to me that people trust such exchanges more than usual.
If one finds himself in a situation where his funds are safe and he has full control over them, then he has no choice than to trust such system.Moving to decentralized exchange might be a slow process, but there is every tendency for it to become the order of the day soon.
It will definitely be preferred over centralized exchanges.
Great post and nice list of Decentralized exchanges.
I have used couple of them without problems. I think dex is the future. People will eventually move over when they become easy to use. Centralized exchanges are opposite of what cryptocurrency represents.
I have used couple of them without problems. I think dex is the future. People will eventually move over when they become easy to use. Centralized exchanges are opposite of what cryptocurrency represents.
I see that many decentralized exchanges exist, but Think that only EtherDelta is the most used because when I want to sell some post-ICO token, it is listed only on this exchange.
Actually try forkdelta exchange. Usually exactly here you can find more demand. Actually still demand is not so much, but now bear market...
After few months you also can check you project on IDEX exchange.
Decentralized exchange user popularity better than Centralized exchange i think. Most of the user try to ignore KYC because our document is not safe in other person or company. It's always keeps worrying about whether they are using bad things. Considering all aspects it makes me feel safer.
I see that many decentralized exchanges exist, but Think that only EtherDelta is the most used because when I want to sell some post-ICO token, it is listed only on this exchange.
For some reason (I know it will sound weird) I trust these decentralized exchanges less than the centralized major ones. I don't really know why but I feel like centralized exchanges have a reason to really take care of the exchange properly since they are making profits on top of profits every single day and make huge income from it which would result with them working on it more and more however decentralized exchanges feel like made by some developer who wanted to pay less fee (no fee) so they could trade properly without interference but that's it, no business, no team, just a good developer.
So, for that reason I feel like centralized feels more secure and more trustworthy instead of the decentralized which looks too anarchist to me. Maybe thats just me I don't know.
But this is just the beginning we can see more DEXs in the future which can change the current generation DEX with better services.Hopefully Binance's decentralized exchange is going to make huge change in the upcoming days so we need to wait for it and it can be more trusted than CEX in terms of fund storage and hack attacks. So, for that reason I feel like centralized feels more secure and more trustworthy instead of the decentralized which looks too anarchist to me. Maybe thats just me I don't know.
For some reason (I know it will sound weird) I trust these decentralized exchanges less than the centralized major ones. I don't really know why but I feel like centralized exchanges have a reason to really take care of the exchange properly since they are making profits on top of profits every single day and make huge income from it which would result with them working on it more and more however decentralized exchanges feel like made by some developer who wanted to pay less fee (no fee) so they could trade properly without interference but that's it, no business, no team, just a good developer.
So, for that reason I feel like centralized feels more secure and more trustworthy instead of the decentralized which looks too anarchist to me. Maybe thats just me I don't know.
So, for that reason I feel like centralized feels more secure and more trustworthy instead of the decentralized which looks too anarchist to me. Maybe thats just me I don't know.
This is one of the post I've ever seen. I will use these informations in future. I think we all need DEX's and hope some of them will be great future. Thank you so much for this great share with us.
Well, honestly I did not know that we have a long list of decentralized exchange, I am too concentrated on a centralized exchange and I seldom trade on decentralized one, but because of what happens to Cryptopia, we will see a lot of traders shifting to DEX I think it's more safer.
Such exchanges will become popular in the future for people, and allow us to benefit from this decentralization, because this is a further profit.
Supposedly we are happy to have exchanges that aren't control by someone and we are making a way to be more acceptable for everyone. For there existence, traders have chances to overview their records and liquidity. The securities bond with them seems to have no problem, though we can't guarantee of a 100% secured but they are more secured than of the others. Jump to: