Privacy coins suits DEX | Bitcointalksearch.org

doomloop

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Quote from: CashbackLover on January 02, 2021, 01:06:30 AM

Privacy coins are getting delisted from some centralized exchanges but I do feel that the best place for privacy coins is DEX exchanges because of their anonymous use cases, also I think that privacy coins represents the real decentralization than other projects trying to claim decentralized..

I don’t think the coins that are being delisted were removed just because they are privacy coins. Exchanges won’t just add coins and then start removing them or weren’t they aware that those coins were privacy coins when they were adding them at first? There must have been some kind of issues that came up which made them to start removing those coins.

Yes privacy coins are the true decentralization, although it’s just two that I know are really good and those two are not getting delisted from any exchanges, they going good. DEX is good, but not so many people makes use of DEX.

FlagstaffRevel235

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Yeah, You are completely right. DEX is in the privacy exchange to compare with many ranked up coins of their anonymous use case. Actually, every decentralized coin has a unique and special image with value, trading speed, financial activities. But there have a few problems with that, DEX always supports chain transaction and delay cross channel transaction. In that case if you like to trade or exchange with other coins, then it will be different coin which wrapping coins.

Ziskinberg

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I winder they listed in their exchange(CEX) in the first place though knowing that is a privacy coins and it took them a long time to finally realise that those coins shouldn't be listed because of their animosity. Well it is what it is, I think privacy can be better off with other exchanges where they can truly be fully be traded without any restrictions.

Let's just say as the crypto market is getting more popular, the eyes of the regulators are also looking closer to it and since a CEX is only legitimate when it's registered, therefore regulators can do what they want and they want to implement the standard rules based on centralization and that involve KYC as the basic requirement which is not suitable for a privacy coin.

Apostlekin$$$

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Quote from: CashbackLover on January 02, 2021, 01:06:30 AM

Privacy coins are getting delisted from some centralized exchanges but I do feel that the best place for privacy coins is DEX exchanges because of their anonymous use cases, also I think that privacy coins represents the real decentralization than other projects trying to claim decentralized..

Privacy in crypto space works best with decentralization, you have a point OP but decentralized exchanges are not so capable of what centralized exchanges can do, as a trader I don't like using DEx, it's more easier with centralized exchanges because of unlimited liquidity and volumes, also high transaction fees are a major problem for DEx too

bittick

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Quote from: Bitum on January 09, 2021, 07:58:26 AM

Private coins are delisted because the government requirements do not meet, and all major exchanges are now trying to find a compromise between government regulation and staying on the market, so this trend will continue. I don't like that, but that is today's reality

It's not the problem. US never give an order to the its exchange site do delist the privacy coin but bittrex is the only exchange site who has been taking such action.
So many people have asked the team about that but they were not answering it.
I never heard that the US regulators were ordering the US based exchange site to delist privacy coin.

Shallow

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Quote from: CashbackLover on January 02, 2021, 01:06:30 AM

Privacy coins are getting delisted from some centralized exchanges but I do feel that the best place for privacy coins is DEX exchanges because of their anonymous use cases, also I think that privacy coins represents the real decentralization than other projects trying to claim decentralized..

First, it is very true that there are many projects today which claims to be decentralized but in fact they are not, rather just using decentralization to achieve whatever they want, this spans from already existing projects to upcoming projects as well. Secondly, delisting of privacy coins from centralized exchanges can be seen as exchanges trying to obey what was laid before them by the law enforcement, hence the need for a decentralized exchange. Therefore I agree with you, privacy coins needs a decentralized exchange which will make it possible for them to trade the want they want without interruptions or threats of delisting. Thirdly, people might wonder about the volume of decentralized exchanges, but I am of the opinion that once they start trading there, those who have been using it will still find it worthwhile visiting the DEX to trade it , the whole essence is to give privacy coins a platform where they will trade without issues.

Maxstl007

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It really sounds right on the ear that privacy coins are better off listed on DEX only but presently DEX aren't that good yet, trading is a pain on DEX compared to centralized exchanges, they both have disadvantages but centralized exchanges are better choice over DEX, may be in near future we will be capable DEX exchanges

Ziskinberg

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Quote from: Greatdev on January 09, 2021, 06:58:28 AM

DEX don't have crypto to fiat conversation if not DEX is be on CEX foot right now, also DEX have too high transaction fee, in short DEX isn't as good as CEX but I do hope for a better DEX future, uniswap, balancer, etc aren't just good enough

Yes, but some people who have used the DEX exchange feel happy and don't complain much about fees, because all of them are instant and don't have to wait long to exchange a token they have, and I myself also feel that way and also hope for DEX in the future can always be better.

Basically the game is just about the volume, if these privacy coins will be listed exclusively on DEX, then we can expect millions of volume, and it's very much possible since they have millions of trading volume already in the current CEX where they are listed.

Bitum

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Private coins are delisted because the government requirements do not meet, and all major exchanges are now trying to find a compromise between government regulation and staying on the market, so this trend will continue. I don't like that, but that is today's reality

Greatdev

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DEX don't have crypto to fiat conversation if not DEX is be on CEX foot right now, also DEX have too high transaction fee, in short DEX isn't as good as CEX but I do hope for a better DEX future, uniswap, balancer, etc aren't just good enough

tsaroz

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Quote from: Tytanowy Janusz on January 02, 2021, 04:20:45 AM

Quote from: CashbackLover on January 02, 2021, 01:06:30 AM

Privacy coins are getting delisted from some centralized exchanges but I do feel that the best place for privacy coins is DEX exchanges because of their anonymous use cases, also I think that privacy coins represents the real decentralization than other projects trying to claim decentralized..

The problem with this is that most current DEXes support on chain transactions not cross chain and even if they allow you to trade coins from different chain they achieve that by wrapping coins in centralized way.

This is the reason why we don't have privacy coins in DEX. And furthermore DEX doesn't allow a direct way to convert your fiat to crypto. They deal with crypto to crypto conversion only. Some of the privacy coins are already being traded largely P2P without the involvement of Centralized exchange. Though there always would be a risk of being scammed when you are dealing with unknown people with privacy coins.

Ziskinberg

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Quote from: freigeist on January 08, 2021, 05:07:14 AM

Quote from: Ziskinberg on January 07, 2021, 06:13:44 PM

Quote from: sgenuine on January 07, 2021, 03:50:09 PM

Well, among the decentralized exchanges of projects, DeFi Uniswap is in the first place for me. I haven't used DEX DeFi for other blockchains yet - only Ethereum. If we talk about the usual decentralized platforms, IDEX seemed to me quite good, although I have not conducted operations there for a long time.

IDEX was very popular during the ICO craze, but now they don't have good volume anymore as there are only few ETH tokens which are profitable. I think as the crypto space is evolving, we need more DEX to make the market bigger for anonymous coins, and we need support from investors and users as well.

This is a centralized exchange!
It has not anything to do with decentralization.

Volume fell due to the KYC/AML requirement that they introduced!
https://exchange.idex.io/legal

Any exchange that asks for your data ID, passport or address is a fake DEX.
Don't fall for scams because a decentralized exchange should allow any user to
trade no matter from where he is connected.

How can an exchange be decentralized by having a centralized point of failure
I mean user data collected by central entity that could be hacked and data can be stolen!

Really? they suddenly turned into centralized exchange already, I'm not updated with that, pardon me, I have not used IDEX for awhile but the last I used it, it does not require any KYC, just a private key of my MEW and I'm good to go.

KaratX

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Presently the DEX in crypto space are too limited, UNISWAP, balancer, what other? I'm guessing they aren't many at all, this year I'm hoping there will be more supports for decentralized exchanges and OP is right too, anonymous coins will feel more at home on DEX than centralized exchanges, it's like that's the perfect place for such coins to be

freigeist

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Quote from: Ziskinberg on January 07, 2021, 06:13:44 PM

Quote from: sgenuine on January 07, 2021, 03:50:09 PM

Well, among the decentralized exchanges of projects, DeFi Uniswap is in the first place for me. I haven't used DEX DeFi for other blockchains yet - only Ethereum. If we talk about the usual decentralized platforms, IDEX seemed to me quite good, although I have not conducted operations there for a long time.

IDEX was very popular during the ICO craze, but now they don't have good volume anymore as there are only few ETH tokens which are profitable. I think as the crypto space is evolving, we need more DEX to make the market bigger for anonymous coins, and we need support from investors and users as well.

This is a centralized exchange!
It has not anything to do with decentralization.

Volume fell due to the KYC/AML requirement that they introduced!
https://exchange.idex.io/legal

Any exchange that asks for your data ID, passport or address is a fake DEX.
Don't fall for scams because a decentralized exchange should allow any user to
trade no matter from where he is connected.

How can an exchange be decentralized by having a centralized point of failure
I mean user data collected by central entity that could be hacked and data can be stolen!

Ziskinberg

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Quote from: sgenuine on January 07, 2021, 03:50:09 PM

Well, among the decentralized exchanges of projects, DeFi Uniswap is in the first place for me. I haven't used DEX DeFi for other blockchains yet - only Ethereum. If we talk about the usual decentralized platforms, IDEX seemed to me quite good, although I have not conducted operations there for a long time.

IDEX was very popular during the ICO craze, but now they don't have good volume anymore as there are only few ETH tokens which are profitable. I think as the crypto space is evolving, we need more DEX to make the market bigger for anonymous coins, and we need support from investors and users as well.

vovannovig2

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Yes, there are good anonymous coins, I personally chose a couple of such projects for myself:
1) Alias- https://bitcointalksearch.org/topic/ann-spectrecoin-anonymous-tx-tor-ring-signatures-stealth-4434053
2) SafeCoin - https://bitcointalksearch.org/topic/ann-safe-safecoin-community-edition-of-solana-2838370
3) NIX Coin - https://bitcointalksearch.org/topic/ann-nix-next-gen-privacy-currency-multi-layered-interoperability-platform-5099680

But only SafeCoin has its own exchange

And the most anonymous Alias coin does not have its own exchange and this is its problem, small trading volumes Roll Eyes

sgenuine

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Well, among the decentralized exchanges of projects, DeFi Uniswap is in the first place for me. I haven't used DEX DeFi for other blockchains yet - only Ethereum. If we talk about the usual decentralized platforms, IDEX seemed to me quite good, although I have not conducted operations there for a long time.

JHORN

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Quote from: l8orre on January 04, 2021, 06:40:02 AM

just for the record:

https://blog.komodoplatform.com/en/dash-zec-remain-listed/

Dex platforms all the way, I'm just a little bit disappointed in dash coin, the team claimed on their twitter account that their privacy level is just like that of Bitcoin, pls is Bitcoin a privacy coin or a decentralized coin? This is a lame excuse to remain on bittrex, there are many dash lovers out there, wherever exchanges that dash is on people will still move there, bittrex isn't the only best exchange alive

l8orre

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just for the record:

https://blog.komodoplatform.com/en/dash-zec-remain-listed/

livingfree

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They really suit the decentralized exchanges.

There will be no delisting that will happen to them as it is a decentralized market. While in centralized exchanges, the government can demand the exchange company to delist a privacy coin that they think will impose a threat to transactions.

It is the main reason why they're pulling out the privacy coins because of its relation to its attribute of being private.

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