How do you choose DEX? How to avoid scam?

Ivan2121

newbie

Activity: 75

Merit: 0

Quote from: ivan1975 on October 16, 2019, 10:56:46 AM

1. BinanceDex - the name of the exchange speaks for itself. But in reality this is not a true dex.
2. EtherDelta / ForkDelta - old proven exchangers. There was never a problem with them. True Dex. Only Ethereum tokens.
3. Idex - also never have problem with this exchange. It's not true Dex. Now KYC verification nedeed.
4. Komodo AtomicDex (betha now).

HELLO, help me understand my problem. How do I send an "EQL" token to the Binance Dex exchange for trading?

EQL I have on Trust Wallet and they are in ERC20, I can not send to bmb wallet, I read that it needs to be done through Binance Bridge? That's the problem.

As far as I understand I need to somehow send EQL-ERC20 to EQL-BEP2? But I don't know how.

EQL on Trust Wallet - https://i.ibb.co/FVHrkbW/Screenshot-2021-05-25-09-30-54.jpg

Binance Bridge - https://i.ibb.co/42v0vtm/Screenshot-8.jpg

future2038

newbie

Activity: 2

Merit: 0

BINANCE DEX, the best , simple

Adriano2010

hero member

Activity: 1414

Merit: 516

Well is hard to avoid scams, but if choose the most known dex and also you pc or device if free fi virus then you should be safe, but don't hold anyway a lot of coins on any exchange and buy a hardware wallet.

monineklutak

sr. member

Activity: 1890

Merit: 252

The OGz Club

Quote from: qomariah95 on January 27, 2020, 01:37:32 PM

There are already many Dex exchanges now. But I don't often use Dex exchange to trade, it's just that I use Idex exchange more often. And now this idex exchange makes it safer, because we have to create an account as usual and only then import our wallet in that exchange. Maybe I can say idex exchange is one of the safe dex exchanges.

Idax is not a decentralized exchange, IDEX is centralized, although they have the same system as decentralization, but for the list of coins or tokens there must pay first

Flux0z

member

Activity: 406

Merit: 10

The majority of the "DEX's" you guys claim to trade on, is NOT a DEX at all.

IDEX? Centralized
Forkdelta? Centralized
Binance DEX? Centralized

The only real DEX out there, like in completely decentralized all over is the Blocknet DEX.
https://blockdx.com/

Not a lot of volume, but it's sure gonna do well in the future, and I predict service node owners will make a pretty income from trading fees in the coming years.

Spider A4

full member

Activity: 657

Merit: 100

Quote from: ittunes on January 06, 2020, 08:57:39 AM

Decentralized they say is having access to your own private key and having to trade without third parties . I so much love decentralized exchanges and I have been able to fish out 3 good decentralized exchanges that are worth it.

1. BinanceDex: BinanceDex is a good decentralized exchange with good volume and it likewise easy to use with good security facilities

2. Idex: Idex is also a good decentralized exchange with good project been listed on it and with good volume

3. Forkdelta/Etherdelta: Forkdelta is another good decentralized exchange that is easy to use

I want to ask about some misinformation you provided, Where do you see Binance DEX have good volume, i never agree it's very easy to use. Only this DEX users say about it how much disturbance to withdraw and deposit system.

I have been used Idex exchange for last few years, nothing bad happened.

A lot of people's assets hacked from etherdelta be careful to use it, forkdelta is still everything good. I am always worried to use these exchanges.

qomariah95

full member

Activity: 1190

Merit: 100

There are already many Dex exchanges now. But I don't often use Dex exchange to trade, it's just that I use Idex exchange more often. And now this idex exchange makes it safer, because we have to create an account as usual and only then import our wallet in that exchange. Maybe I can say idex exchange is one of the safe dex exchanges.

VIP BTC

member

Activity: 375

Merit: 10

Quote from: josephsonand on October 16, 2019, 10:46:30 AM

I'd like to discuss DEX exchanges and its variety.
There are many of it, and top-lists of top DEX exchanges are appearing often as well (here's an example for 2019). After reading one of the latest articles about it, I started to think -- there's too much info and not all of it is trustworthy. Reading reviews, comparing fees... I'd like to know which DEX platform you use and how did you make a decision about it?
Could you tell if you stick to one particular platform or use several of them? What criteria did you rely on?

From most of the existing DEX exchanges, I often use forkdelta. Maybe this is very easy for us to use. Apart from that I think IDEX is one of the best, and safe DEX.

BeManga

sr. member

Activity: 962

Merit: 269

CryptoDirectories.com

Quote from: josephsonand on October 16, 2019, 10:46:30 AM

I'd like to discuss DEX exchanges and its variety.
There are many of it, and top-lists of top DEX exchanges are appearing often as well (here's an example for 2019). After reading one of the latest articles about it, I started to think -- there's too much info and not all of it is trustworthy. Reading reviews, comparing fees... I'd like to know which DEX platform you use and how did you make a decision about it?
Could you tell if you stick to one particular platform or use several of them? What criteria did you rely on?

its been a long time since the last time I use DEX so im not really familiar which DEX is safe now
for me i stick in one or two platforms the DEX i use before is IDEX and Etherdelta
but there is not a lot of user in DEX compared to Centralized exchange so its really hard to do trading in DEX
in the past, before i use DEX I also look for reviews online about the Dex then test it first
until now my coin is still safe and i didn't experience anything so far

miningguru

full member

Activity: 1134

Merit: 103

Quote from: totoy4741 on January 27, 2020, 07:22:11 AM

Quote from: Alluro on October 16, 2019, 11:15:21 PM

Etherdelta and Forkdelta are old and famous decentralized exchanges right now. You can exchange Ethereum and ERC-20 tokens on those exchanges. The Binance DEX is a good decentralized exchange. Because Binance DEX is Binance. You all know about Binance. You can exchange BNB and BEP-2 tokens on Binance DEX. The Binanve DEX has BNB, BTC and fiat trading pairs.

Yeah, I think most of the newbies had experienced trading with exchanges for aquinting with new others exchanges. But unforunately I think that there are only few people are trading and with lower market volume other than centralised exchanges out in thea market or project developers are no longer listing their token with them.

Even the listing fee will also be high in centralized exchanges compared to decentralized exchanges, of course, newbies are finding it difficult to trade on centralized exchanges but with the decentralized exchanges the only problem most of the coins are from the ETH block chain. Due to the price of ETH, many companies already lost their value.

totoy4741

member

Activity: 882

Merit: 13

Quote from: Alluro on October 16, 2019, 11:15:21 PM

Etherdelta and Forkdelta are old and famous decentralized exchanges right now. You can exchange Ethereum and ERC-20 tokens on those exchanges. The Binance DEX is a good decentralized exchange. Because Binance DEX is Binance. You all know about Binance. You can exchange BNB and BEP-2 tokens on Binance DEX. The Binanve DEX has BNB, BTC and fiat trading pairs.

Yeah, I think most of the newbies had experienced trading with exchanges for aquinting with new others exchanges. But unforunately I think that there are only few people are trading and with lower market volume other than centralised exchanges out in thea market or project developers are no longer listing their token with them.

TopT3ns

hero member

Activity: 2548

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#SWGT CERTIK Audited

Quote from: Moeda on January 27, 2020, 05:55:08 AM

Quote from: Serco on October 18, 2019, 11:29:24 AM

Quote from: Moeda on October 18, 2019, 10:21:43 AM

Quote from: josephsonand on October 16, 2019, 10:46:30 AM

I'd like to discuss DEX exchanges and its variety.
There are many of it, and top-lists of top DEX exchanges are appearing often as well (here's an example for 2019). After reading one of the latest articles about it, I started to think -- there's too much info and not all of it is trustworthy. Reading reviews, comparing fees... I'd like to know which DEX platform you use and how did you make a decision about it?
Could you tell if you stick to one particular platform or use several of them? What criteria did you rely on?

Actually choose DEX as an exchange only when new coins are listed on the DEX exchange. For trading, I rarely use the DEX platform. Because the DEX platform has no variations. Moreover, you give an example of altcoin.io. I have never used it, so I cannot comment on this exchange. While Etherdelta is a limited exchange platform, only erhereum coins support.

each DEX exchanges only support one chain only.for binance dex only support on coins on binance chain , etherdelta only support on erc 20.although dex has no variations but it really help traders that prefer to hide their identity that usually used on centralized exchanges.dex provide simplenest for each trader, by unlock wallet with key they could directly trading.i am prefer to use dex that has big trading volume.in erc 20 we see many dex exchange , so we could compared and choose the best.

If you say that, obviously DEX is the first choice, because DEX doesn't need KYC. But this only limits traders in trading, because DEX only supports coins supported by their platforms. For example, forkdelta, only supports ERC20 tokens, maybe for ERC721 it is not necessarily support. And other advantages DEX forkdelta can exchange without having to register with the platform. Simply rely on smart contracts.

there are several DEX platforms that I think can still be used and many altcoins are registered, the exchange place is IDEX when trading there I suggest you should be careful and as much as possible to be able to trade safely because no one can provide security guarantees in the world trading.

Moeda

sr. member

Activity: 1587

Merit: 271

Enterapp Pre-Sale Live

Quote from: Serco on October 18, 2019, 11:29:24 AM

Quote from: Moeda on October 18, 2019, 10:21:43 AM

Quote from: josephsonand on October 16, 2019, 10:46:30 AM

I'd like to discuss DEX exchanges and its variety.
There are many of it, and top-lists of top DEX exchanges are appearing often as well (here's an example for 2019). After reading one of the latest articles about it, I started to think -- there's too much info and not all of it is trustworthy. Reading reviews, comparing fees... I'd like to know which DEX platform you use and how did you make a decision about it?
Could you tell if you stick to one particular platform or use several of them? What criteria did you rely on?

Actually choose DEX as an exchange only when new coins are listed on the DEX exchange. For trading, I rarely use the DEX platform. Because the DEX platform has no variations. Moreover, you give an example of altcoin.io. I have never used it, so I cannot comment on this exchange. While Etherdelta is a limited exchange platform, only erhereum coins support.

each DEX exchanges only support one chain only.for binance dex only support on coins on binance chain , etherdelta only support on erc 20.although dex has no variations but it really help traders that prefer to hide their identity that usually used on centralized exchanges.dex provide simplenest for each trader, by unlock wallet with key they could directly trading.i am prefer to use dex that has big trading volume.in erc 20 we see many dex exchange , so we could compared and choose the best.

If you say that, obviously DEX is the first choice, because DEX doesn't need KYC. But this only limits traders in trading, because DEX only supports coins supported by their platforms. For example, forkdelta, only supports ERC20 tokens, maybe for ERC721 it is not necessarily support. And other advantages DEX forkdelta can exchange without having to register with the platform. Simply rely on smart contracts.

BintangBuleun

full member

Activity: 517

Merit: 100

Quote from: josephsonand on October 16, 2019, 10:46:30 AM

I'd like to discuss DEX exchanges and its variety.
There are many of it, and top-lists of top DEX exchanges are appearing often as well (here's an example for 2019). After reading one of the latest articles about it, I started to think -- there's too much info and not all of it is trustworthy. Reading reviews, comparing fees... I'd like to know which DEX platform you use and how did you make a decision about it?
Could you tell if you stick to one particular platform or use several of them? What criteria did you rely on?

I think DEX which is already well known and is often used by all parties is Forkdelta. Etherdelta is also part of Forkdelta, the display if I think Forkdelta is better than Etherdelta. In terms of lightness, Forkdelta is also lighter.

But now the newly emerging DEX and getting support from many parties is BinanceDex. But the difference is that BinanceDEX cannot use smartcontract to sell tokens. I think the strength of Forkdelta is that it can sell tokens using smart contracts.

Bossfidelity

copper member

Activity: 350

Merit: 1

I majorly use IDEX because most of the tokens I intend to trade are listed there and it has a simple user interface, so I can easily navigate through the website without difficulty. I have also used fork delta dex, though it's been a while, but when I need to trade tokens that are not listed on IDEX, I make use of fork delta.

darewaller

hero member

Activity: 2926

Merit: 640

There is really no need to be making using lots of exchanges, once I find a very good exchange I don’t see the need to keep searching except if I just need an alternative in case the first happens to disappoint me at a point. So I would say that having two exchanges is enough or maybe three.

There are several DEX exchanges that are really good and there is one which I’m currently using – Waves decentralized exchange. This exchange is the product of Waves, and their exchange is accessible both as an online exchange and mobile. There are still lots of others that are really good and one of my friends once recommended Changelly to me, apart from that you can check out Shapeshift (it’s usually integrated in some wallets).

stephanirain

sr. member

Activity: 756

Merit: 257

Freshdice.com

Quote from: josephsonand on October 16, 2019, 10:46:30 AM

I'd like to discuss DEX exchanges and its variety.
There are many of it, and top-lists of top DEX exchanges are appearing often as well (here's an example for 2019). After reading one of the latest articles about it, I started to think -- there's too much info and not all of it is trustworthy. Reading reviews, comparing fees... I'd like to know which DEX platform you use and how did you make a decision about it?
Could you tell if you stick to one particular platform or use several of them? What criteria did you rely on?

Liquidity, trade volume, and trading fees are my top criteria on choosing. Forkdelta and etherdelta are the quite popular among dex. If you are still not sure which dex will fit your use, you can try exploring each first and many if them have YouTube tutorial to understand the platform.

Diamond_Darrell

full member

Activity: 1106

Merit: 103

♦♣♥♠

Quote from: josephsonand on October 16, 2019, 10:46:30 AM

I'd like to discuss DEX exchanges and its variety.
There are many of it, and top-lists of top DEX exchanges are appearing often as well (here's an example for 2019). After reading one of the latest articles about it, I started to think -- there's too much info and not all of it is trustworthy. Reading reviews, comparing fees... I'd like to know which DEX platform you use and how did you make a decision about it?
Could you tell if you stick to one particular platform or use several of them? What criteria did you rely on?

First you need to determine what DEX is.
non-custodial
both a cross-chain and on-chain protocol
permissionless
asset agnostic
everything that does not fall under these criteria, everything is orangefruit

Lizzylove1

member

Activity: 858

Merit: 13

Christ The King

I use Idex, Ddex and Folkdelta. I will most likely not use a new DEX that asked me to make deposit of ETH before trading, I prefer automatic buy and sell between my private wallet using Metamask in interacting with the exchange. There is this StableDex exchange it's been series of complains for users.

Spaffin

full member

Activity: 1316

Merit: 108

Quote from: the rise on January 15, 2020, 11:03:03 AM

Quote from: Palider on January 15, 2020, 08:36:25 AM

My only choice in DEX or Decentralized Exchanges are the oldest and long-standing dex in the industry. Because it is trustworthy and proven, Like Forkdelta and Etherdelta but you should still be careful about using it especially if we are not bookmark this. Because we can fall victim to phishing websites.

etherdelta still has system problems several times, their user volume has also shrunk sharply, I prefer the forkdelta version. Overall I do not have specific criteria for dex, just often taking advantage of low liquidity opportunities to try to make buy orders that are cheaper than the price of coins at cex.

The fact is that etherDelta is almost not available and almost no one uses it, but given the volume of forkdelta trade, I believe that this resource also starts to lose all its capabilities. Until recently, I used the Idex exchange very often, but recently I noticed the requirements for registering an account for this resource, and then using the secret key to link my wallet to my account for depositing to a trading account.

Topic: How do you choose DEX? How to avoid scam? (Read 1876 times)