Topic: Trading on DEX's - What's your experience? (Read 426 times)
Etherdelta was the first DEX I have used. It is very easy to use but the gas fee to me is always much on my side. Most of them will require you to have at least 0.02 ETH in your wallet before transaction can proceed. Also there are low trading volume and the result in low liquidity. Most of them contain a lot of dead and scam coin that have little or no trading volume which makes the platform look substandard. Having to import your wallet using your private key always look scary to me because you never can tell dex can be attacked and your private key stole.
My very first trading experience happens on DEX that was 3 years ago, it happened on etherdelta an Ethereum base DEX. The interface is confusing sometimes you will place orders wrongly, so you need to familiarize the platform. If you place an order and someone already initiated a transaction with it either buy or sell there is no way to cancel it unlike on centralized exchange if you place a BUY order with a huge price difference with current price it will not be placed. Also, if network is clogged trading is also clogged. I have a better experience with Binance DEX their blockchain is much faster and lesser fees with a unique way of logging in.
I used to trade on Idex but one thing is that, it is different from trading on centralized exchanges, in this case, centralized exchanges offers more than it, but yet as a decentralized exchange, it offers a good trading experience. Another angle is that of volume, it is already a well-known fact that decentralized exchanges hardly have volumes which can be compared to that of its counterpart but yet Idex seems to have the best volume when it comes to DEXs. Another Dex I used to trade with is Forkdelta, but Idex looks way better than it.
Been playing around with the Blocknet DEX lately, and it seems like the most activity is on the BLOCK/LTC trading pair. Recently seen some DIVI/BLOCK trading going on as well, but really would love to see more trading on DEX's like this as I personally love to trade without giving up my personal details.
What's your own experiences with DEX's? Which one do you like the most, etc?
[/quote
I'm not really sure if the Blocknet DEX site is new to the market but probably it was. Ain't no wonder why you only see BLOCK/LTC trading pairs because they don't have other coins listed to their platform. It accumulates time for sure and other projects will get listed or the devs would want to get listed to them. I have to say that, you better look for another one. There are a lot of them.
If I am going to use DEX, I've looked at those exchanges that have already a name in the market. The market volume is much important to consider and for sure there are a lot of trading pairs that you could find.
What's your own experiences with DEX's? Which one do you like the most, etc?
[/quote
I'm not really sure if the Blocknet DEX site is new to the market but probably it was. Ain't no wonder why you only see BLOCK/LTC trading pairs because they don't have other coins listed to their platform. It accumulates time for sure and other projects will get listed or the devs would want to get listed to them. I have to say that, you better look for another one. There are a lot of them.
If I am going to use DEX, I've looked at those exchanges that have already a name in the market. The market volume is much important to consider and for sure there are a lot of trading pairs that you could find.
IDEX is the most simplest exchange that have come in contact. Idex is a decentralized exchange built on the ethereum blockchain, supporting erc20 tokens . Another thing is Idex supports the trade of over 300 tokens in a peer to peer environment using smart contracts to relay transactions on the ethereum blockchain.
At the moment, IDEX is the best decentralized exchange, but the liquidity at this exchange is still very low and does not meet the needs of investors. I think most decentralized exchanges have had this problem over the past few years and certainly investors will not like trading here. In my opinion, decentralized exchange is only for shitcoin lovers because this is the best place for you to do that in this market. 
IDEX has been mentioned multiple times in the thread, but it's not a DEX at all. 
A real DEX doesn't require any forms of registrations, personal details. It's just a peer 2 peer network, where traders can connect and trade with each other. The fees involved typically is shared with the nodes hosting the DEX. In Blocknet's case masternodes will reap the trading fees.
A real DEX doesn't require any forms of registrations, personal details. It's just a peer 2 peer network, where traders can connect and trade with each other. The fees involved typically is shared with the nodes hosting the DEX. In Blocknet's case masternodes will reap the trading fees.
Yeah and that I think Dex's business is great It is often easily traded here with none hassle I traded here The fee isn't very high Still do business. Dex may be a favorite exchange on behalf of me But I do occasionally within the fork delta.
IDEX is the most simplest exchange that have come in contact. Idex is a decentralized exchange built on the ethereum blockchain, supporting erc20 tokens . Another thing is Idex supports the trade of over 300 tokens in a peer to peer environment using smart contracts to relay transactions on the ethereum blockchain.
IDEX had been one of my favorites, but when I experienced lots of downtimes due to maintenance, I stopped using it and other DEXs thinking that all of them used to have the same problems including; like no liquidity, no volume, not much stronger user-base, etc. I'd like to ask you if this BlockNet has some amount of traders available for some specific coins to be traded with ease? Or do they also lack orders?
Me too, Ive known idex for too long, since some of my coins before is listed in idex, I know IDEX because I quit using etherdelta, because it is hard to use etherdelta nowadays it took so long before I can use the website and also the volume there is not so good. I am using IDEX by my metamask for me to be sure everything is secured. 
I think the whole cryptocurrency market really need to push towards making Dex the number one exchange type as centralized exchange is against the whole idea of blockchain..... Binance already set the pace for reputable exchanges to start creating Dex
heh, very interesting.
Decentralized exchanges have their own specific features. Such as transaction speed, order execution time, but the main problem is liquidity.
If you decide to trade on such an exchange, choose the best.
IDEX, by the way, is a hybrid exchange and closer to centralization.
Most decentralized exchanges do not have good liquidity and this is the main reason why investors are not interested in investing. In addition, trading at DEX only made me fail more so now I only use DEX when there is a need. If you decide to trade on such an exchange, choose the best.
IDEX, by the way, is a hybrid exchange and closer to centralization.
Of course, you should only join some decentralized exchanges like Idex, Forkdelta or Binance Dex because these are the 3 best DEX exchanges in this market.
I would not call ForkDelt one of the best DEX exchanges due to the relatively high threshold of knowledge necessary to work with it.
As a rule on this exchange, there are big problems with liquidity, which is why newcomers can easily lose money on it.
Dex is the true exchange type that stand with the concept of cryptocurrency and blockchain of being an anonymous financial institution, for that I'd say it's a plus for them. However, I've never had an amazing experience while using Dex exchanges either as they are frustrating due to low trading volumes, low liquidity and ambigous user interface that makes it difficult for user to find their way around the exchange. I think the whole cryptocurrency market really need to push towards making Dex the number one exchange type as centralized exchange is against the whole idea of blockchain..... Binance already set the pace for reputable exchanges to start creating Dex
Been playing around with the Blocknet DEX lately, and it seems like the most activity is on the BLOCK/LTC trading pair. Recently seen some DIVI/BLOCK trading going on as well, but really would love to see more trading on DEX's like this as I personally love to trade without giving up my personal details.
What's your own experiences with DEX's? Which one do you like the most, etc?
What's your own experiences with DEX's? Which one do you like the most, etc?
i have traded on quite some numbers of DEX and i must say the experience wasn't real that amazing. Virtually all of them literally lacks required volume, it's takes times or even days for some tokens listed on them to have a trade count. Again, virtually every Dex I've come across dosen't have the easy to use interface as with centralized exchanges that have mobile views for users to easily navigate their way around the exchange. Bottom line is if a coin i want to trade is on any decent centralized exchange, i see no reason for going to a Dex
Decentralized exchanges have their own specific features. Such as transaction speed, order execution time, but the main problem is liquidity.
If you decide to trade on such an exchange, choose the best.
IDEX, by the way, is a hybrid exchange and closer to centralization.
Most decentralized exchanges do not have good liquidity and this is the main reason why investors are not interested in investing. In addition, trading at DEX only made me fail more so now I only use DEX when there is a need. If you decide to trade on such an exchange, choose the best.
IDEX, by the way, is a hybrid exchange and closer to centralization.
Of course, you should only join some decentralized exchanges like Idex, Forkdelta or Binance Dex because these are the 3 best DEX exchanges in this market.
I would not call ForkDelt one of the best DEX exchanges due to the relatively high threshold of knowledge necessary to work with it.
As a rule on this exchange, there are big problems with liquidity, which is why newcomers can easily lose money on it.
IDEX has been mentioned multiple times in the thread, but it's not a DEX at all.
A real DEX doesn't require any forms of registrations, personal details. It's just a peer 2 peer network, where traders can connect and trade with each other. The fees involved typically is shared with the nodes hosting the DEX. In Blocknet's case masternodes will reap the trading fees.
A real DEX doesn't require any forms of registrations, personal details. It's just a peer 2 peer network, where traders can connect and trade with each other. The fees involved typically is shared with the nodes hosting the DEX. In Blocknet's case masternodes will reap the trading fees.
Some investors like that they can sell and buy tokens on DEX that isn't listed anywhere else but on the DEX. I personally like it on DEX because there is no KYC trading there. There are however more things to worry trading there because of less volume, its good to buy tokens from the team you trust but trading isn't gonna profitable there.
Actually trading at DEX makes me more frustrated because there is no trading volume and there are often very low liquidity at these exchanges. In the past I have used some DEXs like Idex, Forkdelta or Binance DEX but most of those projects were not profitable for me. Anyway, the appearance of DEX makes this market more interesting and I am much more secure at these exchanges than centralized exchanges. 
The liquidity in Decentralized Exchanges especially after the death of the ERC20 token or ICO boom is very appalling. I remember back then the Decentralized Exchange i enjoyed using most was Etherdelta. You would sell off all kinds of ERC20 shitcoins in there for some ether even before they listed it and there was always some liquidity.
After the decline of Etherdelta, i haven't used Dexs that much.
After the decline of Etherdelta, i haven't used Dexs that much.
It’s first time i heard about blocknet decentralized exchange possibly this is new platform. Becuase i have been useful with all of DEX even though i already experiencing in another new DEX McAfeeDex. Etherdelta was remarkable and it’s my favourite if i will comparing with another exchanges and i have been useful these one. No need to usd personal documents because there no KYC requirements.
Some investors like that they can sell and buy tokens on DEX that isn't listed anywhere else but on the DEX. I personally like it on DEX because there is no KYC trading there. There are however more things to worry trading there because of less volume, its good to buy tokens from the team you trust but trading isn't gonna profitable there.
I don't like doing business at Dex at all Here I find a lot of trouble and the fees are high for doing business KYC is said to be investing in most places I don't like KYC at all. Only once did I stop trading because of my dollar withholding Now I trade Etherdelta Forkdelta and Yobit It's much easier to trade here and the fees are much lower.
Trading in decentralized exchanges is often very easy to lose profit because the liquidity in these exchanges is very low and not many investors choose when participating. I like to trade at centralized exchanges like Binance or Okex because these are very good exchanges and there are lots of good coins for investors. In addition, you don't need to worry about liquidity and can trade anytime you like.
Jump to: