Topic: Etherdelta (DEX) alternatives? (Read 193 times)
Recently, the quality of the EtherDelta work has become very good. I have not seen the delays transactions for a long time as it was before. As alternatives I can recommend ForkDelta and IDEX.
IDEX is #1 Decentralized exchange for me because has fast good interface and good liquidity to buy or sell ERC-20 tokens.
If my observation is correct, most of the people moved from ED to IDEX as its much more user friendly, faster and it provides better experience all in all. Its super easy and a welcomed way to snatch some cheap coins before they are listed on CEX.
Etherdelta is one of the best in the market. Others are not that good. You can try using ForkDelta, Idex , Tidex etc.
Actually I really like Bitcoin as it is the market leader and it is the most demandable coin in the market of Crypto currency. I do not need to think for others as I have Bitcoin. Bitcoin investors do not need to face such problems. I will advise you to invest in Bitcoin if you are fed up of this.
I think the alternate of etherDelta would be IDEX because like Ether Delta it also features ethereum and ERC20 token trading pairs.It has a good security and peer to peer environment.So I think the best alternate of ether delta is idex.
It has been some time since I went on a shopping tour for cryptos. But as the prices have dropped this low, its kind of tempting to fill up the pockets a little more, so I would like to know which the best alternatives to Etherdelta are that everybody is using currently?
Last time I traded on a dex was last year when Etherdelta was on its rise, but I havent heard anything about it anymore since it was hacked. What happened with ED? Is it still usable?
I have read about Idex a few times, I will surely check that one out. If there are other alternatives, I would be happy if you could point me towards the best DEX's at the moment.
Thanks in advance!
Last time I traded on a dex was last year when Etherdelta was on its rise, but I havent heard anything about it anymore since it was hacked. What happened with ED? Is it still usable?
I have read about Idex a few times, I will surely check that one out. If there are other alternatives, I would be happy if you could point me towards the best DEX's at the moment.
Thanks in advance!
For ERC20 tokens, i'd go for IDEX over ED. IDEX has better user interface. For NEP 5 tokens, go for switcheo.
Etherdelta can still be used, and now its upgrade is forkdelta, but the interface is still hard to use as before. I only see the benefit when we have a smart contract address and can arbitrarily trade when the token is not locked. However, the transaction volume on this floor is very small, not guaranteed when we have large numbers of tokens. Alternatives may be IDEX, DDEX, TIDEX. However, these floors need to wait for the developer to list them, but they can not freely trade based on available smart contract addresses.
This is more convenient than erzerdelt. Therefore, many have switched to this platform. I also trade on dex. And the volumes are good. Not every coin.
IDEX is a relatively young project, which is a decentralized platform for trading the Ethereum tokens (ERC20). Despite its youth, according to the volume of trading, IDEX takes place in the first 100, among other platforms for trading in digital assets.
The most anticipated decentralized exchange in 2018 for me is https://www.altcoin.io/ which is powered by Plasma technology (you can read more about it on their medium post). You can preview their testnet v1 on https://plasma.altcoin.io/ , hope the team deliver full version this year.
Radar Relay is a next generation cryptocurrency exchange technology that leverages blockchain and the 0x protocol to trade Ethereum based tokens directly from Web3 or Hardware wallets.
You can try ForkDelta which actually uses the same contracts as EtherDelta but has a better team maintaining the interface. An interesting anomoly with it is that orders you place on EtherDelta appear on ForkDelta but not the other way round. So even though ForkDelta gets much higher trading volumes than EtherDelta I continue to place my trades on EtherDelta so they appear on both Exchanges.
Thats really good to know. Thanks for this tip. I guess I will also do it this way then. I checked out forkdelta and it looks decent from what I can tell of the first sight. Its still weird that the orders one places on Etherdelta show up on forkdelta but not the other way around, as the contracts one is dealing with are the actual token contracts, so theoretically the placed orders should show up on both exchanges.
since that incident I also never used Etherdelta, there are some best DEX such as Bancor network and Waves Dex but not many tokens/altcoins are available in that exchange
Waves is unfortunately only for Waves tokens as far as I know, but I also believe that Waves will become a really good decentralized exchange once the community becomes bigger and therefore the volume as well. Would be great if they could implement atomic swaps or cross-chain solutions to their dex, as there are not so many Waves tokens.
IDEX is one of the most popular DEX platforms.Forkdelta is a community-managed version of Etherdelta that uses the same table of exchange orders and contracts as Etherdelta .
I would avoid the majority of small exchanges due to their high trading fees and withdraw fees. You might also incur on timely delays. Forkdelta is the only viable option at the moment due to their high number of pairs and fair fees.
Thanks for your answer. Tradingfees on small centralized exchanges are just a rip off. Its not worth trading small amounts there because withdrawal fees and even trading fees often outweigh the profit... And trading with larger amounts of funds is just too risky as most of those small centralized exchanges are really shady and could just run off with their costumers money. Thats why Im only looking for decent decentralized solutions.
I would avoid the majority of small exchanges due to their high trading fees and withdraw fees. You might also incur on timely delays. Forkdelta is the only viable option at the moment due to their high number of pairs and fair fees.
About Bancor: is it possible to trade any ERC20 token via the bancor project and smart contracts like it was possible on etherdelta (just by knowing the contract address one could trade the token, even if it wasnt listed officially) or only those that bancor has officially announced? If so I would definitely use Bancor from now on, because I want to support this great project.
No, it doesn't work like that unfortunately. New projects that want to be listed there need to deposit their tokens as a reserve, and Bancor has to add them to their network. So this part of their exchange isn't decentralized.
Alright, now as you said it, I remember something like this of Bancor. You are right, this part of it isnt decentralized, however the actual exchange process is, one needs to keep in mind though that they theoretically still could interfere with their tokenchanger smart contracts am I right? This would classify Bancor as of now, as a semi decentralized exchange, where the centralized nature could still impact the exchange if anything goes wrong (unfortunately also if someone would have malicious intentions).
It has been some time since I went on a shopping tour for cryptos. But as the prices have dropped this low, its kind of tempting to fill up the pockets a little more, so I would like to know which the best alternatives to Etherdelta are that everybody is using currently?
Last time I traded on a dex was last year when Etherdelta was on its rise, but I havent heard anything about it anymore since it was hacked. What happened with ED? Is it still usable?
I have read about Idex a few times, I will surely check that one out. If there are other alternatives, I would be happy if you could point me towards the best DEX's at the moment.
Thanks in advance!
since that incident I also never used Etherdelta, there are some best DEX such as Bancor network and Waves Dex but not many tokens/altcoins are available in that exchangeLast time I traded on a dex was last year when Etherdelta was on its rise, but I havent heard anything about it anymore since it was hacked. What happened with ED? Is it still usable?
I have read about Idex a few times, I will surely check that one out. If there are other alternatives, I would be happy if you could point me towards the best DEX's at the moment.
Thanks in advance!
Never did like Etherdelta due to their horrible user interface, laggy website etc. I recommend Kucoin which is far more accessible and sports a much better interface to interact with. I place orders regularly on Kucoin these days and have never been disappointed and am expecting it to grow as big as Binance and Bittrex sometime in the future. Forkdelta is another great exchange which I highly recommend.
Kucoin is a centralized exchange, DEX will be difficult to outperform centralized exchanges in terms of convenience but DEX is superior in terms of anonymity and security levels because the exchange is decentralized About Bancor: is it possible to trade any ERC20 token via the bancor project and smart contracts like it was possible on etherdelta (just by knowing the contract address one could trade the token, even if it wasnt listed officially) or only those that bancor has officially announced? If so I would definitely use Bancor from now on, because I want to support this great project.
No, it doesn't work like that unfortunately. New projects that want to be listed there need to deposit their tokens as a reserve, and Bancor has to add them to their network. So this part of their exchange isn't decentralized.
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