The DEX exchange you can rely on | Bitcointalksearch.org

Taskford

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Quote from: hello_good_sir on January 15, 2020, 06:53:52 PM

Quote from: hlmed on January 13, 2020, 04:53:35 PM

Hi, guys! Decided to move all my funds from hitbtc to other exchange. Thinking about DEXes. Could you recommend one?

First of all, great decision to be moving from HitBTC. Their reputation is completely tarnished due to the many times where they have used KYC as a means to hold user funds for more time than they voluntarily would have liked, which is a really unprofessional move.

Secondly, just know that most DEXs, if functional, have relatively low liquidity and will not serve you the way you want given the high spreads.

I'd say that BinanceDex is really one of the only usable DEXs on a daily basis at the moment, so you might want to enquire further into that.

So many bad claims on them but honestly I don't encounter any issue from trading at them but it doesn't mean I support them since I still feel that there's something wrong on them since as I said they have so many bad claims recently and they should address that or else they will be tag as bad exchange.

And I would agree that binance Dex is a good selection since the top tier exchange got a good reputation and also I'm using IDEX.

Mighty_crypt

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I know about forkdelta, etherdelta binancedex but I've never use dex exchange before because of lack of trading volume and i am very well satisfied with centralized exchange service like huobi kucoin and binance

hello_good_sir

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Quote from: hlmed on January 13, 2020, 04:53:35 PM

Hi, guys! Decided to move all my funds from hitbtc to other exchange. Thinking about DEXes. Could you recommend one?

First of all, great decision to be moving from HitBTC. Their reputation is completely tarnished due to the many times where they have used KYC as a means to hold user funds for more time than they voluntarily would have liked, which is a really unprofessional move.

Secondly, just know that most DEXs, if functional, have relatively low liquidity and will not serve you the way you want given the high spreads.

I'd say that BinanceDex is really one of the only usable DEXs on a daily basis at the moment, so you might want to enquire further into that.

gweedo

legendary

Activity: 1498

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I don't know anything about trading DEXes, so I cannot evaluate this exchange by anything. If you want to use Dex exchange, it is best to use Binance Dex, I think this is the safest exchange you can use. Also the fact that you moved all your money out of Hitbtc is a good decision because you left a bad exchange and scam.

Mighty_crypt

member

Activity: 784

Merit: 21

Forkdelta and binancedex are the best on my list but they are no where good as centralized exchanges, i still trust cex exchanges like kucoin, huobi, gate, binance, okex, for now dexs have long way to go because of problems plauging them

joseyphil82

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Activity: 742

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Any dex exchange will be fine but mind you dex have flaws as well, they are buggy and most of the times they have no good trading volume, this is why dex still lacking behind, a friend complained about dex confusing interface

bittraffic

hero member

Activity: 3038

Merit: 617

You seem to be storing your coins on exchanges and not your wallet, why is that?

Despite the numerous warning about not storing your coins to any exchange including the dex are very risky. You looking for DEX means you are looking for custodial dex. There are several of them even forkdelta will allow you to create a wallet for your ERC tokens. This isn't recommended still but forkdelta provides your privatekeys.

as9ardia

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Reading comments above, my personal opinion the best advice is coming from @dunfida.
If you plan to move your asset, the most secure is hold it on your personal wallet (Better to use Hardware Wallet), then if you want to trade just create new wallet and if you think you just finished your trading it would be better to store it again to the previous wallet (Personal Wallet before)

dunfida

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Quote from: hlmed on January 13, 2020, 04:53:35 PM

Hi, guys! Decided to move all my funds from hitbtc to other exchange. Thinking about DEXes. Could you recommend one?

Better secure those funds first.Lucky that you havent experience issues with Hitbtc knowing this exchange do have lots of complaints.

Trying to suggest;

Hitbtc -> Personal wallet which you own keys -> Create new wallet address -> Transfer the amount you would trade on new address ->
Input on DEX you prefer.

Dont make use of your main wallet even you are using a DEX same as suggested by few here.There were lots out there like Forkdelta,Bancor etc.

batang_bitcoin

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Activity: 3080

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Don't tell me that you are going to store all of your funds to another exchange? it's a wrong move buddy, if you're just storing it and do nothing you should keep it to a better wallet not with exchanges (dex or cex). Download a wallet where you hold the private keys because if you don't the keys meaning to say that you don't hold your coins. But if you are doing it so that you can easily trade, keep the most amount to a safer wallet and only leave the amount that you have to trade there.

Ken_terrance

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Every projects like waves, eth, tron, eos all have their decentralized exchanges but i still find binance dex to be the best among others, you can't grade on Dex like on centralized exchanges though, hope you know that but if you just want to exchange for other coins use binance dex

panganib999

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Are you switching to DEX because you don't want to store your coins in CEX anymore? or is it that you want to stay anonymous and that is why you want to switch to DEX? If its the former, then don't switch. Stay at the CEX your using but transfer your coins out of there. Get a hardware wallet or something. It's really not recommended for you to do so tbh. If its the latter, still same opinion, but feel free to trade in DEX. Go use Forkdelta, or just generally go for local trades in your area. That would prove to be a lot easier and safer since escrow would be easier to perform.

Quote from: shoreno on January 14, 2020, 03:43:43 AM

exchange as a wallet ? no no no that is a bad practice to do and not advisable because we dont know if what faith will happen on the exchange . if we want a wallet we need to have a real offline or online wallet . for dex exchange i agree that forkdelta and binance dex are a good option to choose . etherdelta is actually the orginal form of forkdelta . @op why you decide to migrate on decentralized exchange and not on a centralized one ? imo cex are more better if your only goal is to trade .

He might want to stay anonymous and some CEX's generally don't allow that. If your trading big time and wanna stay anonymous, DEX is probably the way. But seeing as how OP is actually storing coins in exchanges, I doubt he's trading big amounts right now.

shoreno

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Quote from: Wexnident on January 14, 2020, 12:57:46 AM

Are you only looking to trade hitBTC? Or are you trading other coins as well? I'd support Forkdelta and Binance DEX, though as a wallet, they aren't really recommended. Even CEX's are frowned upon as wallets. Just buy a hard wallet or get a desktop wallet temporarily until you can afford a hard wallet. If your looking to trade ETH, there's IDEX and Parade as well. hitBTC also has an exchange themselves but they are a Centralized one sadly. I've also tried Bisq before and is kind of good enough to be used, not as a wallet mind you but as an exchange though.

exchange as a wallet ? no no no that is a bad practice to do and not advisable because we dont know if what faith will happen on the exchange . if we want a wallet we need to have a real offline or online wallet . for dex exchange i agree that forkdelta and binance dex are a good option to choose . etherdelta is actually the orginal form of forkdelta . @op why you decide to migrate on decentralized exchange and not on a centralized one ? imo cex are more better if your only goal is to trade .

asriloni

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Quote from: hlmed on January 13, 2020, 04:53:35 PM

Hi, guys! Decided to move all my funds from hitbtc to other exchange. Thinking about DEXes. Could you recommend one?

I can't even tell you a single suggestion about which is the best dex as when there was a native dex and it's lack of development progress and it has a chance to be the next fraud as you didn't know the reputation about the dex. If I suggest you to store all of your money into the binance dex and that means if you can store only binance asset. it's better for you to think for a twice before you will try to do that. Store your token to your wallet and just withdraw it when you are wanna doing a trade is much better option.

Quote from: chubasco52 on January 13, 2020, 05:01:54 PM

Quote from: Hamza512 on January 13, 2020, 04:57:28 PM

I use Binance DEX. But honestly I've never tried other service..Just used Binance and then moved to it's DEX. For me works ok.

The same

My friend advices me to try Bancor btw.

Bancor has a backdoor and it's not worth to store your coins there.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: hlmed on January 13, 2020, 04:53:35 PM

Decided to move all my funds from hitbtc to other exchange.

Firstly, why are you doing this? You should keep your coins in your wallet once you have completed trades and not store them on exchanges. You are not in control of your coins if you store them on any third party site and you are at risk of hacking and the site going down.

Quote

Thinking about DEXes. Could you recommend one?

Surely I can do that but consider reading what I wrote above.

Used EtherDelta and ForkDelta for now. IDAX turned scam so you can see how shady these marketplaces can be. ED and FD are safer though but no guarantees. Binance DEX is the recent one by Binanace, have not used it but I have heard it is good.

Wexnident

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Are you only looking to trade hitBTC? Or are you trading other coins as well? I'd support Forkdelta and Binance DEX, though as a wallet, they aren't really recommended. Even CEX's are frowned upon as wallets. Just buy a hard wallet or get a desktop wallet temporarily until you can afford a hard wallet. If your looking to trade ETH, there's IDEX and Parade as well. hitBTC also has an exchange themselves but they are a Centralized one sadly. I've also tried Bisq before and is kind of good enough to be used, not as a wallet mind you but as an exchange though.

Furious 7

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Quote from: hlmed on January 13, 2020, 04:53:35 PM

Hi, guys! Decided to move all my funds from hitbtc to other exchange. Thinking about DEXes. Could you recommend one?

If your funds are in HitBtc then I suggest moving to the Binance exchange but if you think you want to exchange DEX then I prefer Forkdelta and Binance DEX because what you save in this DEX exchange and in my opinion if you want ETH is better Forkdelta.

Btw why don't you think in Binance because there are lots of active coins with large volumes and you can trade them.

alan2here

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Quote from: leowonderful on January 13, 2020, 08:10:45 PM

Etherdelta and Forkdelta are also two other options you can try if you're primarily focusing on trading tokens. They're both pretty barebones in terms of features compared to the many other decentralized exchanges that have already been listed here, and volume's not the greatest on either site, but they're both reliable sites.

I've used both the Waves DEX and Bisq in the past, though it does seem like the Waves DEX has shifted into an exchange after being renamed simply the Waves Exchange with both decentralized and centralized features, which I suppose is both good and bad depending on your viewpoint. I'd still suggest you try it and the other DEXes I've listed here so you can find which one fits you best.

I usually use Forkdelta and Idex because these are two decentralized exchanges that are also very good to use and I have not encountered any problems when trading here. Lots of other decentralized exchanges have been around lately, but they're not trusted because of low liquidity and not having a lot of coins listed, which is why these exchanges are easy to forget.

However, be careful when trading at DEX because there have been many attacks in the past and took a lot of assets here, so use more Ledger when trading to secure the assets.

leowonderful

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Etherdelta and Forkdelta are also two other options you can try if you're primarily focusing on trading tokens. They're both pretty barebones in terms of features compared to the many other decentralized exchanges that have already been listed here, and volume's not the greatest on either site, but they're both reliable sites.

I've used both the Waves DEX and Bisq in the past, though it does seem like the Waves DEX has shifted into an exchange after being renamed simply the Waves Exchange with both decentralized and centralized features, which I suppose is both good and bad depending on your viewpoint. I'd still suggest you try it and the other DEXes I've listed here so you can find which one fits you best.

carlfebz2

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Go with Bisq or BinanceDex (not totally a dex). Generally speaking when it comes to storing your assets then better go to wallets like electrum for btc and mew for erc20.

Topic: The DEX exchange you can rely on (Read 273 times)