Binance is not a real DEX!
The only real DEX that i know is switchdex.ag They don't collect any personal information! Your funds are yours.
Topic: What is the easiest DEX to use? - page 2. (Read 573 times)
I hear Binance is bringing one online but was wondering about the KYC that it would require.
In General, it seems that the advantage of a DEX is the lack of KYC although maybe that will be changing.
The fundamental problem that people have brought up is the fact that setting up a DEX for their coin seems to be hard.
Are there simple ones out there?
I think the problem with DEX is currently cross-chain transaction. For example with DEX exchanges like Fork delta, IDEX, you can only trade with the ERC20 token on the ETH platform, similar to Binance DEX only allowing token trading on Binance Chain.In General, it seems that the advantage of a DEX is the lack of KYC although maybe that will be changing.
The fundamental problem that people have brought up is the fact that setting up a DEX for their coin seems to be hard.
Are there simple ones out there?
The advantage of DEX is that you still manage your wallet, trading through smart contracts, so it's safer than other centralized exchanges. And DEX does not ask KYC as you say. And for your question, IDEX is still the best choice with friendly UI and good volume.
I hear Binance is bringing one online but was wondering about the KYC that it would require.
In General, it seems that the advantage of a DEX is the lack of KYC although maybe that will be changing.
The fundamental problem that people have brought up is the fact that setting up a DEX for their coin seems to be hard.
Are there simple ones out there?
I think the problem with DEX is currently cross-chain transaction. For example with DEX exchanges like Fork delta, IDEX, you can only trade with the ERC20 token on the ETH platform, similar to Binance DEX only allowing token trading on Binance Chain.In General, it seems that the advantage of a DEX is the lack of KYC although maybe that will be changing.
The fundamental problem that people have brought up is the fact that setting up a DEX for their coin seems to be hard.
Are there simple ones out there?
The advantage of DEX is that you still manage your wallet, trading through smart contracts, so it's safer than other centralized exchanges. And DEX does not ask KYC as you say. And for your question, IDEX is still the best choice with friendly UI and good volume.
Dexs don't have kyc and I'm pretty sure binance won't have it either.
If it does, that is just self sabotaging.
I feel IDEX is the easiest to use although it's only for erc20 tokens.
You can use your private key, ledger, or create a new address directly on the exchange.
Since dex's are basically addresses interacting directly with each other, its typically very fast and easy to use.
So I am wondering how binance is going to work.
IDEX is so fast and easy because it is all on the ethereum blockchain.
Are they going to use crosschain solutions or something?
Whatever the case, once you use a dex you will never go back to a centralized exchange ever again.
If it does, that is just self sabotaging.
I feel IDEX is the easiest to use although it's only for erc20 tokens.
You can use your private key, ledger, or create a new address directly on the exchange.
Since dex's are basically addresses interacting directly with each other, its typically very fast and easy to use.
So I am wondering how binance is going to work.
IDEX is so fast and easy because it is all on the ethereum blockchain.
Are they going to use crosschain solutions or something?
Whatever the case, once you use a dex you will never go back to a centralized exchange ever again.
I never use Binance DEX platform. But I am using Etherdelta & ForkDelta for my Ethereum tokens. And it is so easy and safe for me. If you can use Metamask it is super easy.
There is nothing decentralized with Binance. And Etherdelta trade only ethereum tokens and not crypto currencies as BisQ. That is a huge difference.
Binance DEX has an unfocused feature that previously CEO CZ said that posting on DEX will be censored. To be able to create a healthy and safe trading environment for investors
I never use Binance DEX platform. But I am using Etherdelta & ForkDelta for my Ethereum tokens. And it is so easy and safe for me. If you can use Metamask it is super easy.
There is nothing decentralized with Binance. And Etherdelta trade only ethereum tokens and not crypto currencies as BisQ. That is a huge difference.
I haven't use Binance DEX but I have the main CEX and submitted KYC to them. If we have accounts there, does it mean we do automatically have account to the DEX too?
If the DEX doesn't ask for KYC, I guess I can create a new account there and trade my altcoins. Good way to at least become anonymous still.
Stellar dex is crazy easy to use.
Just click the token you have and you are ready to go.
Others aren't that hard but stellar's is crazy easy.
Just click the token you have and you are ready to go.
Others aren't that hard but stellar's is crazy easy.
I hear Binance is bringing one online but was wondering about the KYC that it would require.
In General, it seems that the advantage of a DEX is the lack of KYC although maybe that will be changing.
The fundamental problem that people have brought up is the fact that setting up a DEX for their coin seems to be hard.
Are there simple ones out there?
I think the problem with DEX is currently cross-chain transaction. For example with DEX exchanges like Fork delta, IDEX, you can only trade with the ERC20 token on the ETH platform, similar to Binance DEX only allowing token trading on Binance Chain.In General, it seems that the advantage of a DEX is the lack of KYC although maybe that will be changing.
The fundamental problem that people have brought up is the fact that setting up a DEX for their coin seems to be hard.
Are there simple ones out there?
The advantage of DEX is that you still manage your wallet, trading through smart contracts, so it's safer than other centralized exchanges. And DEX does not ask KYC as you say. And for your question, IDEX is still the best choice with friendly UI and good volume.
Idex is the easiest DEX I know of, but it has an issue of supporting only ERC tokens that can only be traded with eth pairs also that not all tokens get listed unlike forkdelta where all tokens can be trade automatically using the tokens smart contract address.
I hear Binance is bringing one online but was wondering about the KYC that it would require.
In General, it seems that the advantage of a DEX is the lack of KYC although maybe that will be changing.
The fundamental problem that people have brought up is the fact that setting up a DEX for their coin seems to be hard.
Are there simple ones out there?
If KYC is needed to trade on a DEX then the truth is that it is no longer a DEX anymore, a decentralized exchange should be one that cannot be controlled even by those who created it, changes should be made based on consensus and not the decision of the creator anymore, also all the coins would not be on the exchanges but rather in the wallet of those who trade on this exchange so I don't see any need for any kind of KYC whatsoever, I believe they would be smart enough not to include it. In General, it seems that the advantage of a DEX is the lack of KYC although maybe that will be changing.
The fundamental problem that people have brought up is the fact that setting up a DEX for their coin seems to be hard.
Are there simple ones out there?
I recommend using forkdelta and etherdelta, seeing from exchange exchanges is extraordinarily good and can be used by special bitcoiners to exchange coins or tokens in the form of Altcoin, read from the preparation process and easy access to forkdelta is better and more widely used.
When it comes to DEX I only use EtherDelta,ForkDelta and IDex.
I only use those since I only trade Erc20 tokens right now I mever use any other DEX from other crypto.
I only use those since I only trade Erc20 tokens right now I mever use any other DEX from other crypto.
Dex means decentralized exchange. It would be a little strange if BindanceDEX requested KYC.
IDEX is handier regarding decentralized exchanges, although it is not perfect, but more useful than others.
IDEX is handier regarding decentralized exchanges, although it is not perfect, but more useful than others.
Well, there have been a lot of comments passed on Binance dex being overly demanding and unnecessary requirements since everyone know how dexes operate. Take a look at Ethereum based dex like forkdelta, etherdelta and idex.... These do not require kyc since all funds are at the control of traders at ALL times. I actually don't seem to understand why binance have to be different with kyc. Kyc matters is even lighter, have anyone seen the the listing fees and requirements for any project that wishes to list?...
I'm still thinking if I'm going to trying out Binance DEX or not.
There's nothing wrong in Binance DEX, I used that exchange for almost a year and now, so far I didn't encounter of any trouble when having withdrawals and deposits on that exchange. I am using idex from the day it’s launched i feel it’s very good exchange . Yes there is minimum trading requirements for makers and takers as like we can’t trade very small amount used be in etherdelta . Binance dex still I don’t have proper idea .
I have used IDEX and it's good as before people are probably forgetting about this DEX.IDEX also is a very easy platform to use, very cool UI that makes your eyes harmless because it is dark mode. Of course, these DEX exchange required a huge amount before you can withdraw.
I hear Binance is bringing one online but was wondering about the KYC that it would require.
In General, it seems that the advantage of a DEX is the lack of KYC although maybe that will be changing.
The fundamental problem that people have brought up is the fact that setting up a DEX for their coin seems to be hard.
Are there simple ones out there?
In General, it seems that the advantage of a DEX is the lack of KYC although maybe that will be changing.
The fundamental problem that people have brought up is the fact that setting up a DEX for their coin seems to be hard.
Are there simple ones out there?
I use in trading only three decentralized exchanges that I trust and which I constantly trade. These are the Ether Delta, Fork Delta and IDEX exchanges. The only pity is that they have very small trading volumes.
I'm still thinking if I'm going to trying out Binance DEX or not.
I am using idex from the day it’s launched i feel it’s very good exchange . Yes there is minimum trading requirements for makers and takers as like we can’t trade very small amount used be in etherdelta . Binance dex still I don’t have proper idea .
I have used IDEX and it's good as before people are probably forgetting about this DEX.
My most favorite decentralized exchange is IDEX. I really like the UI and swiftness compared to others like etherdelta. Forkdelta, a fork of Etherdelta, is also fair, although I don't use it most times unless I want to trade a token which has been listed unofficially using its smart contract.
in my opinion for the dex market erc20 token which is easy to use is forkdelta and idex, for waves of course dex waves are the easiest, and for cryptobridge bts is an easy one, and last EOS I think dexeos and newdex
Jump to: