I need more examples of decentralized exchanges

Febo

legendary

Activity: 2730

Merit: 1288

Quote from: Oshosondy on July 14, 2020, 05:37:52 PM

According to the link, these are the seven exchanges listed:
1. Binance
2. Bybit
3. Changelly
4. BitMex
5. BitShares
6. Bisq
7. EtherDelta

I believe only Bisq is real decentralized exchange from this list. Changely is instant exchange but definitely fully centralised.

Quote from: Oshosondy on July 14, 2020, 04:18:16 PM

I have only know these two exchanges (bisq and komodo)

I dont think Komodo is real decentralised crypto exchange. Komodo is an asset platform and it have decentralised market fro their asset. Similar as EtherDelta is market for Eteherum asset. Most asset platforms have exchanges for it. But they dont let you exchange other coins or asset of other asset platforms.

FerdinandHodler

newbie

Activity: 6

Merit: 0

Quote from: Yogee on August 10, 2020, 11:30:03 PM

Quote from: Botnake on August 10, 2020, 04:35:06 PM

Actually I don't see now a decentralized exchange that could give traders a lot of options to trade as they only list coins with low volume and in general decentralized exchange has a very low volume even if you combine all of them and compare it to centralized trading sites.

This looks like a "chicked or egg, which one's first?" argument. Traders argue and complain that dex has low volume but how will it gain volume if they don't use it?

A quick fix to this is to use an aggregator like 1inch, Paraswap or Matcha (0x). These aren't DEXes themselves but rather look for the best liquidity route from other protocols' pools. In this way traders are able to minimize their slippage as they are always trading from the most liquid pools, at the best rates.

Yogee

sr. member

Activity: 1554

Merit: 413

Quote from: Botnake on August 10, 2020, 04:35:06 PM

Actually I don't see now a decentralized exchange that could give traders a lot of options to trade as they only list coins with low volume and in general decentralized exchange has a very low volume even if you combine all of them and compare it to centralized trading sites.

This looks like a "chicked or egg, which one's first?" argument. Traders argue and complain that dex has low volume but how will it gain volume if they don't use it?

Botnake

hero member

Activity: 2856

Merit: 667

Actually I don't see now a decentralized exchange that could give traders a lot of options to trade as they only list coins with low volume and in general decentralized exchange has a very low volume even if you combine all of them and compare it to centralized trading sites.

If you are looking to protect your privacy that you don't like to undergo the KYC requirement, then I think it's possible in some centralized exchange but up to a certain limit only. I guess Binance, Kucoin, and even hitbtc can provide that for you, just check their updated terms as I might be wrong since I have upgraded my accounts by getting it KYC complied already.

famososMuertos

legendary

Activity: 1918

Merit: 3047

LE ☮︎ Halving es la purga

Quote from: BD Crypto on July 16, 2020, 01:32:42 AM

Why you do not search in Google about all decentralized exchanges.I think there you will find all exchange list with ranking and proper details.
I am providing a website link here where you will find almost 40 decentralized exchanges with proper details and ranking

https://defiprime.com/exchanges

He doesn't google because he's creating a debate, the user in the OP opens a discussion, although weak, because the topic has been discussed.

I think, he does have an objective point, wants to discuss the topic Dex-CEx, he seeks personal experiences.
_______________

I would say that in practical reality, for bitoin it is very easy to get Exchange Dex, but in the daily utility of an Exchange we sometimes use a centralized Exchange for various reasons, e.g. there is the cryptocurrency that could (want) trade, or the Exchange offer deposits with the currency and the mechanism you are looking for, debit / credit cards, swift, e-wallet, etc.

If you are going to trade bitcoin there is always a Dex available, bitcoin is to have control of your assets.

ice18

hero member

Activity: 2492

Merit: 542

I discovered this dex lately and I must say its the future of decentralized exchange Im talking about UNISWAP at first I thought its just like another dex with low volume and no enough liquidity but Im wrong I started trading some new defi tokens and it really amaze me I can exchange my tokens anytime without waiting for buyer even in huge volume like $20k in one trade also you cannot dump easily if you want to manipulate the price it depends on liquidity pool.

hugeblack

legendary

Activity: 2702

Merit: 4002

Each type of exchange platform has its pors and cons. Central platforms with high trading volumes and a lot of hosted coins/tokens will be central and need to verify identity because they run millions of dollars in an economic activity. Using platforms with high trading volumes makes you less risky of losing your money because they are earning a lot and are afraid for their reputation.

decentralized platforms are good for people who want to hide their identity, and therefore lower trading volumes and more vulnerable to fraud.
Some of these platforms are open source like bisq and some do not require verification of identity like https://flyp.me/en/#/.

If you want to conduct trading with little money then you may choose one of those sites ---> https://bitcointalksearch.org/topic/list-instant-exchanges-5218464.

Salauddin1994

member

Activity: 868

Merit: 15

Crypto has many decentralized exchange sites, but one decentralized exchange is a peer-to-peer, open-ended, automated digital asset trading platform. It does not rely on any third party to execute orders of intervention or transactions. Transactions in a dex are executed peer-to-peer, with the goal of decentralization and adhering to the core intentions of the developers of Bitcoin and blockchain technology and its developers, and forming autonomous organizations. Trading on decentralized exchanges allows you to reserve ownership of tokens while holding your private keys. Another important aspect of nuclear exchange decentralization and the tubins plan to provide a high quality dex environment to its users.

BD Crypto

full member

Activity: 658

Merit: 158

BTC Rocks

Why you do not search in Google about all decentralized exchanges.I think there you will find all exchange list with ranking and proper details.
I am providing a website link here where you will find almost 40 decentralized exchanges with proper details and ranking

https://defiprime.com/exchanges

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

OP should add these to his list:
1. Idex
2. Switcheo
3. Uniswap
4. Openledger

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

Local cryptos is another KYC leas p2p exchange which makes it truly decentralised as Bisq but most of the decentralised exchanges like Binance DEX are not truly decentralized.

For me centralized exchanges which needs basic information for low withdrawal limit is good and feels better than p2p because when I have more chances of getting scammed and its not possible to find whi really scammed you.

Erumo

member

Activity: 564

Merit: 50

Quote from: Oshosondy on July 14, 2020, 05:37:52 PM

According to the link, these are the seven exchanges listed:
1. Binance

Actually, Binance DEX is not a true DEX. Even CZ says that

It is still centralized and Binance still controls everything. Binance DEX is controlled by trusted validators. Trusted by who? I do not know them, that means I do not trust them.

joniboini

legendary

Activity: 2170

Merit: 1789

Quote from: jademaxsuy on July 14, 2020, 05:55:56 PM

If only that users will going to behave and should do the right thing in the system then none of this KYC will be implemented.

That's not possible. Exchange is a centralized service that requires government approval when they want to run the business, and most of the time, the government needs to make sure that nobody is laundering money or doing something illegal via the businesses in their country.

Like it or not, KYC will always be there. If your purpose is to exchange some coins without touching any fiat, then you can get away with a simple e-mail and 2BTC limit most of the time, as long as your tokens/coins doesn't come from possibly 'tainted' sources.

LbtalkL

full member

Activity: 1176

Merit: 162

Most of the decentralized exchanges have limited coins/token listed on it. Most of them are only using one blockchain. Like Uniswap for ETH network, switcheo for NEO, Binance DEX for Binance chain, etc. So you need to know what coins are you planning to trade and select DEX according to your preference. One thing DEX volume is not that high compared to centralized. If you are concern about KYC why not trade on Binance they don't require KYC they limit 2 BTC withdrawal per day for non KYC users and the good thing is Binance has insurance in case of any hacks they can reimburse any stolen amount.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

Quote from: Oshosondy on July 14, 2020, 05:37:52 PM

Quote from: Kelvinid on July 14, 2020, 05:02:15 PM

snipped~

According to the link, these are the seven exchanges listed:
1. Binance
2. Bybit
3. Changelly
4. BitMex
5. BitShares
6. Bisq
7. EtherDelta

I also saw bitfinex on the lists, this exchange was hacked way back in 2016 and high amount of bitcoin was stolen from the exchange. I think it should be excluded.

Maybe it should but they are taking an action to resolve that event for not happening again. In fact, Binance had never escaped from hacking also but they deal on it just to prove that they can still be trusted the same it happens to the other exchanges.
And for this time, we let people to think which once will seem to give them assurance in regards to funding safety, I know all exchanges are all working it but lapses couldn't be neglected that possible hacking will occurs someday in the future.

sheenshane

legendary

Activity: 2492

Merit: 1232

There are some traders that they really care about their privacy not to disclose their personal information to anyone, or any exchange.

This thread might also help you looking an instant exchange without having KYC,
List of Instant exchanges.
Some of them supported the lightning network which is pretty good if you know how this works.

If you are also looking for a good post that comparing decentralized and centralized exchange you may also head up on this thread,
List of Decentralized/Centralized Exchanges.

But for me, I can vouch for Binance for good ratings overall. KYC is needed if you will exceed the 2 Bitcoin withdrawal daily.

jademaxsuy

full member

Activity: 924

Merit: 221

Well it hurts actually knowing that establish exchanges are doing KYC. I know that this is a precentive measures against on the abuses of the system. If only that users will going to behave and should do the right thing in the system then none of this KYC will be implemented. Since we are already had this kind of requirements then hoping that our important details will remain and will not be stolen from others. This is the only thing I can do for now by forgetting that I had been doing KYC on some exchanges that I am using.

alani123

legendary

Activity: 2422

Merit: 1451

Leading Crypto Sports Betting & Casino Platform

I think the most promising thing to look towards for Decentralized exchanges is protocols, aside for individual attempts.
Openness is key in this endeavors. Not just for open source technology, but also for how things are ran. If a for-profit company runs a DEX, there's still quite a bit of centralization in how things are ran for example.

To me the most advanced protocols that we are already seeing in practice with decentralization is bitshares. It's already fully functional and ready to support decentralized exchanges with the protocol they have in place.

Also 0x has been making many advances. There are also newer attempts to create protocols But they are not nearly as complete. For example uniswap, which is praised, has huge issues.

Oshosondy

legendary

Activity: 1624

Merit: 1200

Gamble responsibly

Quote from: JeromeTash on July 14, 2020, 05:27:59 PM

Check out these lists, they could be helpful to you;
- Help: A list of LocalBitcoin alternatives (P2P marketplaces)
- List of P2P/no-KYC exchanges

Quote from: Oshosondy on July 14, 2020, 04:18:16 PM

How about changelley

I have seen complaints about Changelly demanding for KYC verification. Avoid it

Thank you very much, I see this link helpful https://bitcointalksearch.org/topic/list-of-p2pno-kyc-exchanges-5180421

P2P without no kyc requiremnet is the best and the exchanges listed are good enough.

Oshosondy

legendary

Activity: 1624

Merit: 1200

Gamble responsibly

Quote from: Kelvinid on July 14, 2020, 05:02:15 PM

I know we take care of our privacy and we live that thing but couldn't have something to do if they all require us to do so otherwise, we live crypto. There are still a few exchanges that need no KYC but don't get wonder why people aren't using those because of security issues. Well, that has to choose security or privacy, and that certainly it depends on you.
https://coinsutra.com/altcoin-exchanges-without-kyc-aml/

According to the link, these are the seven exchanges listed:
1. Binance
2. Bybit
3. Changelly
4. BitMex
5. BitShares
6. Bisq
7. EtherDelta

I also saw bitfinex on the lists, this exchange was hacked way back in 2016 and high amount of bitcoin was stolen from the exchange. I think it should be excluded.

JeromeTash

legendary

Activity: 2338

Merit: 1261

Heisenberg

Check out these lists, they could be helpful to you;
- Help: A list of LocalBitcoin alternatives (P2P marketplaces)
- List of P2P/no-KYC exchanges

Quote from: Oshosondy on July 14, 2020, 04:18:16 PM

How about changelley

I have seen complaints about Changelly demanding for KYC verification. Avoid it

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

It was to know that most exchanges now are requiring to do KYC for verification especially when you are holding a lot of coins. It is in the sad reality but this is to give some safety as the owner of the wallet and not be used by the other person.

I know we take care of our privacy and we live that thing but couldn't have something to do if they all require us to do so otherwise, we live crypto. There are still a few exchanges that need no KYC but don't get wonder why people aren't using those because of security issues. Well, that has to choose security or privacy, and that certainly it depends on you.
https://coinsutra.com/altcoin-exchanges-without-kyc-aml/

Oshosondy

legendary

Activity: 1624

Merit: 1200

Gamble responsibly

I have been reading about topics on this forum and I found this:
https://bitcointalksearch.org/topic/why-kyc-is-extremely-dangerous-and-useless-5221497

It is about the use of exchanges that require no verification. Normally not only exchanges but also wallets that require kyc should not be left out, kyc is not a good idea at all, I like privacy before but this thread has helped me more to know how to deal with cryptocurrencies with privacy because kyc is deceving and result to stealing of sensitive information that can be used against someone even later after a long time.

According to the thread, I read:

Quote from: 20kevin20 on January 29, 2020, 07:02:29 AM

Quote from: The Cryptovator on January 29, 2020, 06:06:03 AM

I am not fan of KYC those related crypto-currency. But unfortunately almost platform are asking for KYC which is really annoying and crypto currency not designed for this kind of KYC processor. However, I forced to submit KYC on Bittrex for withdrawals when they were implemented KYC policy. As I remembered, I have submitted KYC on Binance & Bittrex only. Even I don't like to use any other exchange right now due to KYC drama. I know it's very dangerous for us if in case leak or owner turned into scammer. So always better avoid shady exchange if they ask for KYC. I don't how KYC will prevent so called money laundering on crypto-currency. It's just a worst idea even for crypto-currency community.

Bisq and Komodo's Atomic DEX are your answers. They're working way slower than centralized exchanges, but your funds aren't at risk of being frozen. No more KYC, no more centralization.. we have to move there and stop using these scam exchanges.

I have only know these two exchanges (bisq and komodo), it will be good if we talked more about examples of decentralized exchanges.
How about changelley and the exchanges of such kind used by noncustodial wallets for exchanging, are they decentralized exchnages?
Are there exchanges used with low trading fee and work just like custodial exchanges?

I really need this, I want to trade but I do not want kyc exchanges as they are not safe like decentralised exchanges.

Topic: I need more examples of decentralized exchanges (Read 349 times)