Topic: The best DEX (Read 322 times)
I have good opinion about Bancor, but unfortunatelly in last year happen that someone hacked them, so I would be careful recommending this exchange because of safety reasons. I have been using IDEX for a long time and have never had problems with them. It seems to me that this is the most user friendly DEX on market. However, the biggest favorite for me is https://bisq.network/ There is no better decentralized exchange on the market at the moment.
Hi guys! Recently decided to move all my activity to a DEX exchange. But haven't decided which one of them to use yet. Do you use DEXes? What's the best one?
Depending what you're trading i guess, with erc20 i don't need anything but forkdelta, and less i have to install the better. But i haven't really been even following the latest dexes. Are they all trasing tokens based on the platform they are runnin at, or are there some dexes that support multiple blockchains?
I have no idea why so many users mention Bancor as a decentralized, if this exchange in any moment can block users funds?! Anyway, when it comes to the best decentralized exchange, in my opinion is IDEX. A lot of listed coins and I've never had problems with trading or withdrawals there.
I'm a big fan of Blocknet to be honest. Did some digging around like a few months ago, because I believe these DEX's will take off eventually, making DEX projects pretty good investments.
Saw the pic below, and decided to diversify some of my BTC into BLOCK. Dollar cost averaging is the way to go imho.
Saw the pic below, and decided to diversify some of my BTC into BLOCK. Dollar cost averaging is the way to go imho.
based on your comparison above i still choose etherdelta to trade for all my ethereum token because it's very easy to trade.
while on Block DX there are a few steps that we need to do like install blocknetwallet then native wallet and configure wallet.
So if you use etherdelta you just need to connect your metamask then you can trade your tokens there
I'm a big fan of Blocknet to be honest. Did some digging around like a few months ago, because I believe these DEX's will take off eventually, making DEX projects pretty good investments.
Saw the pic below, and decided to diversify some of my BTC into BLOCK. Dollar cost averaging is the way to go imho.
Saw the pic below, and decided to diversify some of my BTC into BLOCK. Dollar cost averaging is the way to go imho.
Isn't this a centralized exchange? OP's asking of the best decentralized exchange and here you are suggesting this one.
To OP. It depends on your preference.
If you want a fully decentralized exchange with the freedom to just list random scam/shit tokens and have a nostalgic Etherdelta vibe, then go with Forkdelta.
If you want a decentralized exchange that would require you to go through KYC process and also lists various shit tokens, go with IDEX.
If you're lazy and don't want to fill in any order books, go with Bancor. (Some say this isn't a dex at all, but who cares.)
See? Easy choices. LMAO.
DEX's typically has low volume not to mention low to no support. So, if you really want that. Then sure, you can try the three I've mentioned.
and what is the reason why you are shifting from cex to dex ? cex isnt that bad and should be the one that we prioritize especially if you are on the mainstream coins ex. btc ,eth , ltc because you can get the most of your budget on a cex but if you are like me that does not have a trading business and dont usually buy mainstream coins , then its okay to use dex . few dex that i use are etherdelta , forkdelta , and the recent ones are binance dex which said came from binance
well , if u want with a huge volume and fluctuactive , just going to binance dex ,
but if u want have many many pairs category on dex exchange just going to IDEX exchange.
for me , just that two is a best choice for now ,
for another dex from another platfrom , such as EOS,TRX,XLM,Bitshares,waves , i didn't think they have a huge volume, also many manipulation price inside.
but if u want have many many pairs category on dex exchange just going to IDEX exchange.
for me , just that two is a best choice for now ,
for another dex from another platfrom , such as EOS,TRX,XLM,Bitshares,waves , i didn't think they have a huge volume, also many manipulation price inside.
common problem the DEX nowadays is the volume transaction and liquidity.
but which the dex actually you want (in general)? there are a lot of Dex already available and in any blockchain.
here is the DEX most people use to made transaction.
1. ETH: bancor network, forkdelta, kyber network
2. EOS: whaleEx, Newdex, Findex
3. TRON: Trxmarket, tron trade
4. BNB: binanceDex
and much more with own blockchain like komodo, bitshares, waves, etc. this is just my point of view, other user might have different choice and favorite DEX.
but which the dex actually you want (in general)? there are a lot of Dex already available and in any blockchain.
here is the DEX most people use to made transaction.
1. ETH: bancor network, forkdelta, kyber network
2. EOS: whaleEx, Newdex, Findex
3. TRON: Trxmarket, tron trade
4. BNB: binanceDex
and much more with own blockchain like komodo, bitshares, waves, etc. this is just my point of view, other user might have different choice and favorite DEX.
Bancor, only Bancor.
Bancor is a centralized dex with the backdoor that has already made by the creator to erase, delete or frozen your coin. that's not a good dex consider about bancor is totally controlled by the team. I've been using Binance and when they released DEX I started using Binance DEX. Stability, lol.
Binance dex has no good stabilitty compared with its CEX and binance dex is also having low lquidity and some coins were traded in a big gap between the buy and sell order. for me, that looks the same as another dex.Can't understand why dexes are so hyping...
Because people are betting on the something new that will be anonymous. So many manipulated exchange sites have already made them all to speculate if the dex will be the next generation of exchange site. But they are wrong in this case because the fact that the result is still the same.
give Nash a try they also will add Btc and bch by the end of the year
https://nash.io/
https://nash.io/
Bancor, only Bancor.
Lol! Of course, Bancor. I love it when we don't need order book to fill in.Hi guys! Recently decided to move all my activity to a DEX exchange. But haven't decided which one of them to use yet. Do you use DEXes? What's the best one?
For real? Should be thinking it many times before switching or you can at least try the advice here and test what suits best on your trading. I'm not against on dex as I am using it though seldomly but I'm pointing out that don't just jump into something that you're unsure of. Just do it transitionally. 
There are plenty of options with not as much liquidity as you see on centralized exchanges, however exchanges like Waves DEX, are not going to be good as that currency is weird, same for Stellar DEX. My favorite during the old times was EtherDelta, but I found it was breached, it still is a difficult choice. but i think BitMEX, Coinbase, Bittrex and Binance looks like a really good service as fast as centralized exchanges, and at least I haven’t had any problems with them all the time. No registration and limits, this is a good offer for users.
I did before with IDEX but not anymore today.
nearly everyone in this topic is saying Binance DEX but from what i have seen i can't really call what they have released as a real decentralized exchange since it looks more like centralized and their website puts some limitations on people using it.
Actually CZ already told that it's not fully DEX or sort of that kind of hint. I can't find that tweet anymore but I'm sure that it can be found on his twitter account. I've been using Binance and when they released DEX I started using Binance DEX. Stability, lol.
nearly everyone in this topic is saying Binance DEX but from what i have seen i can't really call what they have released as a real decentralized exchange since it looks more like centralized and their website puts some limitations on people using it. not to mention that it takes fees from traders which makes it even less decentralized.
a "real" decentralized exchange should not be controlled by a company and it should not take any fees. the only fees involved in a truly decentralized exchange is the network (transaction) fees.
What makes you decide to use dex? Dex exchanges has very low volume even on Binance dex you cant make good profit if your a day trader, personally I only used dex when I want to arbitrage some potential altcoins and it happens many times I got some good amount of altcoins dumped at low prices by some bounty hunters/traders.
I do not often trade on DEX exchanges because according to me because it is less attractive, I prefer CEX exchanges.
Why are you completely moving activities to DEX? Don't you use CEX?
and in my opinion the best DEX exchange is Binance DEX and Forkdelta.
Why are you completely moving activities to DEX? Don't you use CEX?
and in my opinion the best DEX exchange is Binance DEX and Forkdelta.
IDEX and Kyber network are one of the largest DEX. Though Changelly advertises itself as a DEX, it's not. The closest DEX alternative to Changelly is airswap.
Binance DEX is a cool new option and with much documentation than any others. Decentralized exchange gives you the feeling that you are always in control of your money.
Oops, I didn't know that Changelly wasn't a decentralized exchange, I guess they still deal with your funds as you send it to them and they hold it for a bit just to make sure it confirms.Binance DEX is a cool new option and with much documentation than any others. Decentralized exchange gives you the feeling that you are always in control of your money.
I've seen IDEX in action, and isn't it more of a hybrid between the two? I don't think it's fully decentralized, but it isn't centralized either, and I've heard of Kyber previously.
Actually, this isn't a platform, but localeth is a DEX. You use your own private keys for it.
For me to switch completely from centralized exchange to decentralized exchange is a very difficult task at the moment. DEX is inferior to CEX in every way, moreover some exchanges like IDEX force users to KYC as centralized exchanges. The one centralized exchange I use most is that forkdelta lacks too many features and is difficult to use.
I used to trade some tokens I got from bounties in iDEX and the experience was just fine no hassle at all. All I did was convert my tokens into Bitcoin and withdraw my Bitcoin to my wallet provider here locally. I heard many good things about DEXEX but at the same time since this kind of platform has not been fully developed and grown yet there are limitations especially on liquidity that we have to understand. Forkdelta is definitely one with a good amount of learning curve for me, something which pushes me away from that exchange platform. The emergence of the Binance DEX into the scene is hoped to change the dynamics of this market for good. I still have to experience this decentralized exchange though I already have an account in ready for the time when I feel there is a need to use it.
Most of the DEX at present has got low liquidity which is just the reflection of the fear from the user community whether to use the platform or not. Most of the tokens have very low trade volume and low trade support which delays the execution of the buying and selling.
For me to switch completely from centralized exchange to decentralized exchange is a very difficult task at the moment. DEX is inferior to CEX in every way, moreover some exchanges like IDEX force users to KYC as centralized exchanges. The one centralized exchange I use most is that forkdelta lacks too many features and is difficult to use.
I used to trade some tokens I got from bounties in iDEX and the experience was just fine no hassle at all. All I did was convert my tokens into Bitcoin and withdraw my Bitcoin to my wallet provider here locally. I heard many good things about DEXEX but at the same time since this kind of platform has not been fully developed and grown yet there are limitations especially on liquidity that we have to understand. Forkdelta is definitely one with a good amount of learning curve for me, something which pushes me away from that exchange platform. The emergence of the Binance DEX into the scene is hoped to change the dynamics of this market for good. I still have to experience this decentralized exchange though I already have an account in ready for the time when I feel there is a need to use it.
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