Spam me with decentralized exchanges

sheenshane

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There are too many decentralized exchanges (DEX) that have low trading fees. But if you really want to use DEX I recommend Bisq and Binance DEX. A trading fee of Binance is just 0.04% when you use BNB to pay for trading fees, fees are lessened if you are using BNB in all trading pairs. So it is good to hold a little amount of BNB to cover fees. And for Bisq if I'm not mistaken the trading, deposit, and withdrawal fees are just BTC0.0009 only and that's quite low.

But here I think you don't like if you choose DEX, there are a lot of disadvantage if you are in trading.

Low liquidity
Small set of options
Scalability issues
No support service team
Limited transaction speed

These are might you encounter if you use DEX, so I prefer to use CEX.

Shallow

sr. member

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SmartFi - EARN, LEND & TRADE

I think the decentralized exchanges (DEXs) to trade on depends on the type of coin you want to trade. However, I would normally start with Idex because it is probably the Dex with much volume. Others would be Binance Dex, DDEX, Blocknet, Bisq and forkdelta. Like I said earlier, the type of Dex to choose or trade on depends on the coin you are looking for, some might have all while some might have just few you are interested in.

buwaytress

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I'll put in my recommendation for Bisq as well, yes, the hack happened but it's still by far the "most decentralised" you can get, and at least the devs are responsive there.

But if you're looking for more of an orderbook type of DEX that's been around for some years in development, I'd look up Waves DEX too, though volume's been dropping over the months, it's still fairly decent in that it's also a gateway wallet for Bitcoin and others.

GucciBoy

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Quote from: binhvo1505 on April 20, 2020, 04:32:17 AM

Quote from: flyx on April 20, 2020, 03:47:56 AM

Hey guys
I'm looking for reliable and low trading fee decentralized exchanges
can you recommend best

Binance DEX is one of the best choices. It is an exchange which also has a lot of good alts and low transaction volume. that is of course because for any DEX the low volume will be the first thing we see. But bid / ask will not be too different and transaction fee will be very low. Besides, Binance DEX has linked with Trust wallet and our assets will be very safe when trading there.

The Binance "DEX" is completely centralized, hence why it's not a REAL DEX at all. All the nodes verifying the transactions on this "DEX" is owned and controlled by Binance themselves, so don't trust it if you want to trade on a decentralized platform.

Blocknet is probably your best bet. It's completely decentralized. Read more here: https://blockdx.com/

Been trading on the Blocknet DEX multiple times, and it's a really smooth experience once you get started.

rathaha10

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Quote from: flyx on April 20, 2020, 03:47:56 AM

Hey guys
I'm looking for reliable and low trading fee decentralized exchanges
can you recommend best

There are quite alot of them, but you need to be careful when choosing one as even DEX exchange have records pf scam exit. However, among the trusted ones I've had experience with are the Binance Dex reason being that it is owned by the giant exchange "Binance", my next pick is IDEX but require opening of account too, Bisq is also a good choice too

Mrengage

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Globe-dex.com

I think binance brought about one which is BINANCE DEX, and since binance has been the overall known and reliable platform for trades I will say you shouldn't go far than this.

fudster

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Quote from: ?? on ??

Quote from: flyx on April 20, 2020, 03:47:56 AM

Hey guys
I'm looking for reliable and low trading fee decentralized exchanges
can you recommend best

I'm not going to shill but have you check https://bisq.network/ though? One of the best decentralised platform we currently have, although there was a breach recently, I think still reliable as far as p2p trading is concern, open source.

Bisq Network so far is one of the DEX vouched by reputable users. Its good to see the evolution of exchange that right now you can install on your drive. No KYC needed so its good. The team should be releasing a portable bisq for users who just wanted to test them first.

dunfida

legendary

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Quote from: flyx on April 20, 2020, 03:47:56 AM

Hey guys
I'm looking for reliable and low trading fee decentralized exchanges
can you recommend best

Bisq
Binance Dex
Forkdelta

These are the the dex sites that i have used so far and didnt have any problem but take note that recently Bisq did experience some problem
but this is way more better than using centralized ones but we know on whats its cons..

Yatsan

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Quote from: cryptoaddictchie on April 20, 2020, 05:06:50 AM

Im not so sure about the fee but we all knew that almost all dex have some common fees and not far from each issued.

Here is good list mate:

These are some known and currently active. Im not so sure about if IDEX still a dex or not hearing a lot that tis already been centralized. Hope I did help you find a good choice. Good thing that you are using dex, this is a good decision and stay away as much with some centralized exchanges. I did use some but only those allowed to trade without KYC even at low category such as Binance.

This is also what I found after searching through web. All of these decentralized exchange has a low trading fee however the only exchange I've use from the list is only Bancor Network, although I'm not trading that often on that site there are coins that can be only found on some exchange like this and if you need to choose between centralized and decentralized, I'll suggest to choose the dex over cex since you are wanting for a low trading fee. I'm not familiar with the other dex listed above, it looks not so interesting to me for some reason. It's just me tho.

Bttzed03

legendary

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There are plenty of decentralized exchanges being shilled today but only a few are probably real DEX. Some of them would even require you to be KYC verified which I think is hilarious Grin

I'm not sure what you really mean by reliable DEX but I found this article that listed the trading fees of 30 DEXs - 30 Best Decentralized Exchanges (Best DEX List)

If you want a list of DEXs that tells you whether it requires KYC or not, check this list - https://www.reddit.com/r/Bitcoin/comments/dyclf8/list_of_bitcoin_persontoperson_p2p_bitcoin/

Leo

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Binance dex, Idex and forkdelta are the dex exchanges that I can recommend for you, although dex exchanges doesn't have a good liquidity and much coin to trade on but those three I've mentioned are the best dex exchanges out there in my opinion, I will advise you not to put your funds in any dex exchange that you see online, lots of them do get hacked

ryzaadit

legendary

Activity: 2660

Merit: 1261

So far i know, the decentralized exchange doesn't have any fee for the withdrawal. You can see IDEX, their only required a minimum transaction around 0.05 for being a Taker and 0.15 Estimation Token for putting an order.

They only conduct the fee from "fee trading", all of the fee transaction like deposit, order buy/sell you can set up by your self from the gas fee. But for instant exchange like "Bancor" you should pay more fees than others trading.

cryptoaddictchie

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Im not so sure about the fee but we all knew that almost all dex have some common fees and not far from each issued.

Here is good list mate:

These are some known and currently active. Im not so sure about if IDEX still a dex or not hearing a lot that tis already been centralized. Hope I did help you find a good choice. Good thing that you are using dex, this is a good decision and stay away as much with some centralized exchanges. I did use some but only those allowed to trade without KYC even at low category such as Binance.

binhvo1505

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Activity: 728

Merit: 11

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Quote from: flyx on April 20, 2020, 03:47:56 AM

Hey guys
I'm looking for reliable and low trading fee decentralized exchanges
can you recommend best

Binance DEX is one of the best choices. It is an exchange which also has a lot of good alts and low transaction volume. that is of course because for any DEX the low volume will be the first thing we see. But bid / ask will not be too different and transaction fee will be very low. Besides, Binance DEX has linked with Trust wallet and our assets will be very safe when trading there.

flyx

full member

Activity: 374

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I am a student

Hey guys
I'm looking for reliable and low trading fee decentralized exchanges
can you recommend best

Topic: Spam me with decentralized exchanges (Read 192 times)