Topic: ETH blockchain based decentralised exchange (Read 330 times)
Sorry to hear your loss. Once someone hacked your fund, you are no longer the owner of your lost asset. Applicable for both Dex or centralized exchanges. But dex is the future. There are numerous dexs in eth blockchain but new one will make any token tradeable atleast. Scammers wilk get new chance and newbie will become victim cause anyone can add their tokens into the dex with minimum effort
indeed the technology used by ethereum is different from bitcoin and I still remember that ethereum was created initially from an initial coin offering (ICO) and after that ethereum could develop to be this expensive and indeed the supply of ethereum depends on demand meaning that supply is unlimited.
I wonder how many people send that 'one time registration fee' of 85 US dollars to mr.McAfee? 
So funny that we need to trust him that this exchange will exist in near future
So funny that we need to trust him that this exchange will exist in near future
Hacking is always a threat. It does not matter whether the wallet is in a centralized exchange or in decentralized exchange. There will always be hackers who will try to steal your funds. History is unmerciful to both kinds of exchanges. There really is no guarantee that our funds is safe with them. Even Binance became a helpless target. What happened to Etherdelta is another unfortunate case. I hope this one has a solid security feature though.
Personally, I am glad that the McAfee exchange was released. What I’m not happy about is the amount and volume of trading on this exchange.
Another dex with liquidity problems, as well as all other dexes. In any case, this is another opportunity for the crypto market, the more of them the better it functions. I will observe the development.
This exchange has only been launched in the last few days and there will undoubtedly be a lot of volume issues. I think McAfee exchange has a very difficult interface to use and this directly affects investors here. In my opinion McAfee needs a more effective strategy to build the image of this exchange because so many other decentralized exchanges are doing better than McAfee at the moment.Another dex with liquidity problems, as well as all other dexes. In any case, this is another opportunity for the crypto market, the more of them the better it functions. I will observe the development.
I personally like the idea of no fees when trading of this exchange but the exchange website is very difficult to access and often lag.
Lag happens most of the time on many DEX including that forkdelta.
I'm still marveled with the idea that the exchange isn't asking for fees when we all know how greedy this guy is. I wonder if there is a catch to this offer. Anyway, I would probably be seeing people using this exchange due to this followings in crypto. People who are not in this forum will definitely be there.
Personally, I am glad that the McAfee exchange was released. What I’m not happy about is the amount and volume of trading on this exchange.
Another dex with liquidity problems, as well as all other dexes. In any case, this is another opportunity for the crypto market, the more of them the better it functions. I will observe the development.
This exchange has only been launched in the last few days and there will undoubtedly be a lot of volume issues. I think McAfee exchange has a very difficult interface to use and this directly affects investors here. In my opinion McAfee needs a more effective strategy to build the image of this exchange because so many other decentralized exchanges are doing better than McAfee at the moment.Another dex with liquidity problems, as well as all other dexes. In any case, this is another opportunity for the crypto market, the more of them the better it functions. I will observe the development.
I personally like the idea of no fees when trading of this exchange but the exchange website is very difficult to access and often lag.
Personally, I am glad that the McAfee exchange was released. What I’m not happy about is the amount and volume of trading on this exchange.
Another dex with liquidity problems, as well as all other dexes. In any case, this is another opportunity for the crypto market, the more of them the better it functions. I will observe the development.
Another dex with liquidity problems, as well as all other dexes. In any case, this is another opportunity for the crypto market, the more of them the better it functions. I will observe the development.
In general you don't have much to worry about if you already use an online wallet.
DEX are decentralized and less likely to be hacked. That's why the big exchanges are launching their own DEX, as they are the future.
DEX are decentralized and less likely to be hacked. That's why the big exchanges are launching their own DEX, as they are the future.
I was reading a article published by cointelegraph and read that:
Here is the article: https://cointelegraph.com/news/john-mcafees-decentralized-crypto-exchange-launches-in-beta
This means if someone hacks my funds and trades through this exchange whom to I ask?
I have not used much distributed exchanges but this statement was scary. Previous I had the experience where my funds were hacked and this statement opened up my wounds.
Quote
McAfee DEX is set to run in a beta release status as of Oct. 7
McAfee DEX beta: the details
According to the details released so far, McAfee DEX reportedly will entail no Know Your Customer checks, block no jurisdictions and charge a single platform fee of 0.25% for takers. It will not charge maker fees and will also reportedly be open sourced.
McAfee DEX beta: the details
According to the details released so far, McAfee DEX reportedly will entail no Know Your Customer checks, block no jurisdictions and charge a single platform fee of 0.25% for takers. It will not charge maker fees and will also reportedly be open sourced.
Here is the article: https://cointelegraph.com/news/john-mcafees-decentralized-crypto-exchange-launches-in-beta
This means if someone hacks my funds and trades through this exchange whom to I ask?
I have not used much distributed exchanges but this statement was scary. Previous I had the experience where my funds were hacked and this statement opened up my wounds.
How decentralized is the McAfee DEX? I have heard alot about the decentralized exchange but I thought they were just jokes.
I guess most of the problem the exchange seeks to solve will be solved via decentralized means except he is creating a semi-decentralized exchange. It's possible you can recover your funds if the exchange is semi-decentralized or fund recovery is determined by decentralized stakeholders
Yes, there are many options to change different tokens and currencies as well. I am purcahsing tokens there for a while. They are working much on their website and transaction speed.
How long 1 transaction takes?Yes, there are many options to change different tokens and currencies as well. I am purcahsing tokens there for a while. They are working much on their website and transaction speed.
How long 1 transaction takes? I can recommend bittrexchange as they provide various currencies and tokens. For example they have GRAM tokens for good price. US market is welcome, especially NY 
I am not quite interested in GRAM tokens, can I change Eth to BTC and at what rate? Greetings, guys. What exchange do you use? A local one or a global one? What pros and cons has each option? What is better?
Have you tested global exchanges? Do you have experience?
Greetings, guys. What exchange do you use? A local one or a global one? What pros and cons has each option? What is better?
I don't think there is any difference between local or global exchanges as far as you are concerned with just trading between some cryptocurrencies.In order to cash out to your local fiat currency, I believe that local exchanges would provide a much straight forward approach. Also, you can use p2p exchanges like localbitcoins for dealing with your local fiat.
Greetings, guys. What exchange do you use? A local one or a global one? What pros and cons has each option? What is better?
DEX is good choice for security,but not for mainstream,until it solve the speed.
0x,swap,ETHdelta,idex.market,and so on,many exist.
Only tried idex,with a centralized orders matching engine behind, have a good experience.
0x,swap,ETHdelta,idex.market,and so on,many exist.
Only tried idex,with a centralized orders matching engine behind, have a good experience.
This is how decentralized exchanges work i am sure you would have the experience of forkdelta, etherdelta or idex before so it seems just like them because it is eth based decentralized exchange, i hope it will have better and smoother interface than most of the other eth based exchanges.
I was reading a article published by cointelegraph and read that:
Here is the article: https://cointelegraph.com/news/john-mcafees-decentralized-crypto-exchange-launches-in-beta
This means if someone hacks my funds and trades through this exchange whom to I ask?
I have not used much distributed exchanges but this statement was scary. Previous I had the experience where my funds were hacked and this statement opened up my wounds.
Quote
McAfee DEX is set to run in a beta release status as of Oct. 7
McAfee DEX beta: the details
According to the details released so far, McAfee DEX reportedly will entail no Know Your Customer checks, block no jurisdictions and charge a single platform fee of 0.25% for takers. It will not charge maker fees and will also reportedly be open sourced.
McAfee DEX beta: the details
According to the details released so far, McAfee DEX reportedly will entail no Know Your Customer checks, block no jurisdictions and charge a single platform fee of 0.25% for takers. It will not charge maker fees and will also reportedly be open sourced.
Here is the article: https://cointelegraph.com/news/john-mcafees-decentralized-crypto-exchange-launches-in-beta
This means if someone hacks my funds and trades through this exchange whom to I ask?
I have not used much distributed exchanges but this statement was scary. Previous I had the experience where my funds were hacked and this statement opened up my wounds.
DEX is an exchange platform that uses smart contract ethereum. Basically DEX is the same as we transfer coins from one wallet to another. But on DEX we transfer coins to the wallet platform, after a successful coin transfer it will appear in the balance.
But the problem with DEX is when we login using the Private Key. Because our private key will be stored in DEX, if DEX has a problem, then our private key will have a problem. So if you log in to DEX using a private key, then log out immediately, or log in with Metamask if available.
I checked the exchange and thereby saw "Add Token" option, I tried to list a random token for a test and it worked! It means anyone can list their token without any verification, fees and even without contact with the exchange team! But to get whitelist, you have to pay 85 USD worth ETH! It seems totally ridiculous to me!
the add token is same just other dex exchange like etherdelta/forkdelta but don't forget that the whitelist feature is good if you often trading there
since the whitelist give you free trading fees until the exchange down
Does this mean if someone hacks my funds and trades through this exchange whom to I ask?
As stated on the website you can contact them at https://t.me/ethershiftcoThis exchange has no difference with Forkdelta (Etherdelta) except for their whitelist feature It says you can then trade on McAfeeDex with no platform fees for life. Amounting $85 worth of ETH.
I checked the exchange and thereby saw "Add Token" option, I tried to list a random token for a test and it worked! It means anyone can list their token without any verification, fees and even without contact with the exchange team! But to get whitelist, you have to pay 85 USD worth ETH! It seems totally ridiculous to me!
Decentralised exchanges are great, and it is pretty shameful that the best DEX is now implementing KYC features and account creation (IDEX). But I would rather trade on forkdelta than to use exchange that was created by this crazy dude.
~snip
i just wondering how long the beta will be done?
This exchange has no difference with Forkdelta (Etherdelta) except for their whitelist feature It says you can then trade on McAfeeDex with no platform fees for life. Amounting $85 worth of ETH.
so the feature for whitelist just that?
for me, i prefer to pay the platform fees because of the fees not that high.
I am avoiding it, i don't even want to visit the site, but i would like to know if there's any reviews for it so i could know? Is it going to be just another forkdelta, maybe with cumulative buying option like in binance dex has if i have understood correctly, instead of buying once per contract?
i just visit the website and for me, it looks like another forkdelta with another feater just whitelist
This means if someone hacks my funds and trades through this exchange whom to I ask?
As stated on the website you can contact them at https://t.me/ethershiftcoThis exchange has no difference with Forkdelta (Etherdelta) except for their whitelist feature It says you can then trade on McAfeeDex with no platform fees for life. Amounting $85 worth of ETH.
...
This means if someone hacks my funds and trades through this exchange whom to I ask?
...
This means if someone hacks my funds and trades through this exchange whom to I ask?
...
If someone breaks you in, then there will be no one to ask from you. Only you yourself will be to blame. This is the meaning of DEX. You work with your wallets and your passwords yourself, and you yourself are responsible for their safety.
I was reading a article published by cointelegraph and read that:
Quote
McAfee DEX is set to run in a beta release status as of Oct. 7
McAfee DEX beta: the details
According to the details released so far, McAfee DEX reportedly will entail no Know Your Customer checks, block no jurisdictions and charge a single platform fee of 0.25% for takers. It will not charge maker fees and will also reportedly be open sourced.
McAfee DEX beta: the details
According to the details released so far, McAfee DEX reportedly will entail no Know Your Customer checks, block no jurisdictions and charge a single platform fee of 0.25% for takers. It will not charge maker fees and will also reportedly be open sourced.
I am avoiding it, i don't even want to visit the site, but i would like to know if there's any reviews for it so i could know? Is it going to be just another forkdelta, maybe with cumulative buying option like in binance dex has if i have understood correctly, instead of buying once per contract?
This means if someone hacks my funds and trades through this exchange whom to I ask?
I have not used much distributed exchanges but this statement was scary. Previous I had the experience where my funds were hacked and this statement opened up my wounds.
I have not used much distributed exchanges but this statement was scary. Previous I had the experience where my funds were hacked and this statement opened up my wounds.
If someone hacks your fund on DEX. It's either your fault since hacker has access on your private key or directly blame McAfee because he is the owner of dex which possibly leaks your private key.
As DEX is designed to trade on an exchange that you own the private key of the wallet itself. Unlike a centralized exchange, DEX allow you to directly import your private key the exchange.
Only few cases that report hack on DEX and most of the report is the result of the phishing attack the user itself. You better check carefully the URL of the site before you log in your credentials.
Totally agree with you in this one, from the word DEX (Decentralized Exchange) meaning that only you has the access to your privatekeys not the owner of the DEX which is McAfee. its an open-source DEX or like P2P transaction that some traders like compare to a centralized exchange and the main thing is other traders don't want to undergo KYC.
This means if someone hacks my funds and trades through this exchange whom to I ask?
Consider trading on decentralized exchange as you trading directly with another person. No one else will hold your funds, it's just you and the person you are trading with. That's as simple as I can explain how a DEX operates.
It's not as scary as you think. Be more responsible with your funds so you won't have to ask someone else to recover it.
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This means if someone hacks my funds and trades through this exchange whom to I ask?
I have not used much distributed exchanges but this statement was scary. Previous I had the experience where my funds were hacked and this statement opened up my wounds.
I have not used much distributed exchanges but this statement was scary. Previous I had the experience where my funds were hacked and this statement opened up my wounds.
If someone hacks your fund on DEX. It's either your fault since hacker has access on your private key or directly blame McAfee because he is the owner of dex which possibly leaks your private key.
As DEX is designed to trade on an exchange that you own the private key of the wallet itself. Unlike a centralized exchange, DEX allow you to directly import your private key the exchange.
Only few cases that report hack on DEX and most of the report is the result of the phishing attack the user itself. You better check carefully the URL of the site before you log in your credentials.
I was reading a article published by cointelegraph and read that:
Here is the article: https://cointelegraph.com/news/john-mcafees-decentralized-crypto-exchange-launches-in-beta
This means if someone hacks my funds and trades through this exchange whom to I ask?
I have not used much distributed exchanges but this statement was scary. Previous I had the experience where my funds were hacked and this statement opened up my wounds.
Quote
McAfee DEX is set to run in a beta release status as of Oct. 7
McAfee DEX beta: the details
According to the details released so far, McAfee DEX reportedly will entail no Know Your Customer checks, block no jurisdictions and charge a single platform fee of 0.25% for takers. It will not charge maker fees and will also reportedly be open sourced.
McAfee DEX beta: the details
According to the details released so far, McAfee DEX reportedly will entail no Know Your Customer checks, block no jurisdictions and charge a single platform fee of 0.25% for takers. It will not charge maker fees and will also reportedly be open sourced.
Here is the article: https://cointelegraph.com/news/john-mcafees-decentralized-crypto-exchange-launches-in-beta
This means if someone hacks my funds and trades through this exchange whom to I ask?
I have not used much distributed exchanges but this statement was scary. Previous I had the experience where my funds were hacked and this statement opened up my wounds.
Who do you ask? No one.
The entire point of a DEX is taking both the authority of a third party having control over your funds away from them, unlike in a traditional exchange where the counterparty risk of the exchange is always present.
If you get hacked, then there is basically no recourse. It's your responsibility to protect your own private keys, and other cryptographic info that can lead to your funds being spent.
Also, I'd suggest not getting too into McAfee's claims. His track record is unproven and his project will likely get persecuted by governments worldwide without KYC.
I was reading a article published by cointelegraph and read that:
Here is the article: https://cointelegraph.com/news/john-mcafees-decentralized-crypto-exchange-launches-in-beta
This means if someone hacks my funds and trades through this exchange whom to I ask?
I have not used much distributed exchanges but this statement was scary. Previous I had the experience where my funds were hacked and this statement opened up my wounds.
Quote
McAfee DEX is set to run in a beta release status as of Oct. 7
McAfee DEX beta: the details
According to the details released so far, McAfee DEX reportedly will entail no Know Your Customer checks, block no jurisdictions and charge a single platform fee of 0.25% for takers. It will not charge maker fees and will also reportedly be open sourced.
McAfee DEX beta: the details
According to the details released so far, McAfee DEX reportedly will entail no Know Your Customer checks, block no jurisdictions and charge a single platform fee of 0.25% for takers. It will not charge maker fees and will also reportedly be open sourced.
Here is the article: https://cointelegraph.com/news/john-mcafees-decentralized-crypto-exchange-launches-in-beta
This means if someone hacks my funds and trades through this exchange whom to I ask?
I have not used much distributed exchanges but this statement was scary. Previous I had the experience where my funds were hacked and this statement opened up my wounds.
wow,McAfee create his own DEX,
and this dex is based on ethereum blockchain,
my big hope, this guy will serious with his own Dex Project
not like the past, just promote and go
regards
I agree with your though and also, the common question again why are there so many exchanges with same feature list? What makes the exchange stand out of the crowd if there is not such extraordinary feature then, why?
Why many exchanges have the same feature list because most of them did not truly want to become a decentralized exchange, they wanted to use DEX name to gain popularity nothing more than that. About the other question, it is all about their reputation. Just like Binance, everybody already knew about their voting system but they said nothing because Binance is the biggest exchange in the world.
have you tried Bisq before? if you have tried it, you will know what is the true DEX is. A DEX is not about security but it is all about peer-to-peer if you lose your asset that means that is your problem. The platform gives you a place to trade not to guarantee your asset.
A really good choice to name a decentralized exchange - McAfee. 
Do you still believe that such exchanges could really become decentralized? Like Binance DEX? Binance owns more than 60% of voting power, so are we still talking about decentralization?
Do you still believe that such exchanges could really become decentralized? Like Binance DEX? Binance owns more than 60% of voting power, so are we still talking about decentralization?
I agree with your though and also, the common question again why are there so many exchanges with same feature list? What makes the exchange stand out of the crowd if there is not such extraordinary feature then, why?
I also read about the new exchange based on ETH. McAfee was not active at crypto for a while. All crypto lovers who entered the crypto market before 2018 knows that McAfee is just a showman at crypto. At the end of December and first quarter of 2018 he tried to pump shitcoins. He was very successful at first tries. Than people understand that he is just a scammer and trying to pump shitcoins. I do not think so experienced traders trust him and use his exchange for any reason.
I was reading a article published by cointelegraph and read that:
Here is the article: https://cointelegraph.com/news/john-mcafees-decentralized-crypto-exchange-launches-in-beta
This means if someone hacks my funds and trades through this exchange whom to I ask?
I have not used much distributed exchanges but this statement was scary. Previous I had the experience where my funds were hacked and this statement opened up my wounds.
Quote
McAfee DEX is set to run in a beta release status as of Oct. 7
McAfee DEX beta: the details
According to the details released so far, McAfee DEX reportedly will entail no Know Your Customer checks, block no jurisdictions and charge a single platform fee of 0.25% for takers. It will not charge maker fees and will also reportedly be open sourced.
McAfee DEX beta: the details
According to the details released so far, McAfee DEX reportedly will entail no Know Your Customer checks, block no jurisdictions and charge a single platform fee of 0.25% for takers. It will not charge maker fees and will also reportedly be open sourced.
Here is the article: https://cointelegraph.com/news/john-mcafees-decentralized-crypto-exchange-launches-in-beta
This means if someone hacks my funds and trades through this exchange whom to I ask?
I have not used much distributed exchanges but this statement was scary. Previous I had the experience where my funds were hacked and this statement opened up my wounds.
Distributed exchange? You mean decentralized exchange? I guess so.
I think you should know what is the point of DEX?
DEX provide to better and more suit trading for decentralized blokchain networks. When you make any trade, currencies goes both wallet automatically. And all trade process, signed with blockchain. There is no such thing in CEX.
This is both distributed and decentralised
Please check these lines from the article: https://cointelegraph.com/news/john-mcafees-decentralized-crypto-exchange-launches-in-beta
Quote
McAfee continued:
“A distributed exchange can’t be shut down by anyone. Decentralized meaning that nobody controls it, distributed meaning that it is everywhere and therefore impossible to stop. We’ve had privacy coins, that’s the other part of this equation, because privacy coins with decentralized, distributed exchanges is the goose that lays the golden egg for us. We don’t use it though.”
“A distributed exchange can’t be shut down by anyone. Decentralized meaning that nobody controls it, distributed meaning that it is everywhere and therefore impossible to stop. We’ve had privacy coins, that’s the other part of this equation, because privacy coins with decentralized, distributed exchanges is the goose that lays the golden egg for us. We don’t use it though.”
A really good choice to name a decentralized exchange - McAfee.
Do you still believe that such exchanges could really become decentralized? Like Binance DEX? Binance owns more than 60% of voting power, so are we still talking about decentralization?
Do you still believe that such exchanges could really become decentralized? Like Binance DEX? Binance owns more than 60% of voting power, so are we still talking about decentralization?
I was reading a article published by cointelegraph and read that:
Here is the article: https://cointelegraph.com/news/john-mcafees-decentralized-crypto-exchange-launches-in-beta
This means if someone hacks my funds and trades through this exchange whom to I ask?
I have not used much distributed exchanges but this statement was scary. Previous I had the experience where my funds were hacked and this statement opened up my wounds.
Quote
McAfee DEX is set to run in a beta release status as of Oct. 7
McAfee DEX beta: the details
According to the details released so far, McAfee DEX reportedly will entail no Know Your Customer checks, block no jurisdictions and charge a single platform fee of 0.25% for takers. It will not charge maker fees and will also reportedly be open sourced.
McAfee DEX beta: the details
According to the details released so far, McAfee DEX reportedly will entail no Know Your Customer checks, block no jurisdictions and charge a single platform fee of 0.25% for takers. It will not charge maker fees and will also reportedly be open sourced.
Here is the article: https://cointelegraph.com/news/john-mcafees-decentralized-crypto-exchange-launches-in-beta
This means if someone hacks my funds and trades through this exchange whom to I ask?
I have not used much distributed exchanges but this statement was scary. Previous I had the experience where my funds were hacked and this statement opened up my wounds.
Distributed exchange? You mean decentralized exchange? I guess so.
I think you should know what is the point of DEX?
DEX provide to better and more suit trading for decentralized blokchain networks. When you make any trade, currencies goes both wallet automatically. And all trade process, signed with blockchain. There is no such thing in CEX.
I was reading a article published by cointelegraph and read that:
Here is the article: https://cointelegraph.com/news/john-mcafees-decentralized-crypto-exchange-launches-in-beta
This means if someone hacks my funds and trades through this exchange whom to I ask?
I have not used much distributed exchanges but this statement was scary. Previous I had the experience where my funds were hacked and this statement opened up my wounds.
Quote
McAfee DEX is set to run in a beta release status as of Oct. 7
McAfee DEX beta: the details
According to the details released so far, McAfee DEX reportedly will entail no Know Your Customer checks, block no jurisdictions and charge a single platform fee of 0.25% for takers. It will not charge maker fees and will also reportedly be open sourced.
McAfee DEX beta: the details
According to the details released so far, McAfee DEX reportedly will entail no Know Your Customer checks, block no jurisdictions and charge a single platform fee of 0.25% for takers. It will not charge maker fees and will also reportedly be open sourced.
Here is the article: https://cointelegraph.com/news/john-mcafees-decentralized-crypto-exchange-launches-in-beta
This means if someone hacks my funds and trades through this exchange whom to I ask?
I have not used much distributed exchanges but this statement was scary. Previous I had the experience where my funds were hacked and this statement opened up my wounds.
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