Which is the best decentralized exchange Bisq or Uniswap?

doomloop

hero member

Activity: 2408

Merit: 584

Quote from: greentech2 on February 13, 2021, 11:37:29 PM

Bisq requires to download and install the software in the computer. It requires the set up and connect through the Tor network. Uniswap has the fee so high through the Ethererum network. How's about the dYdX or the 1inch.exchange? Please share your experience. Thank you.

The both of them are good exchanges , you just have to go with the one that suits you. They are a lot of similar , just a little difference, just as you have said that Bisq requires that we download the app on our system to be able to trade. And another thing is that not everyone is going to understand the way Bisq works, at first it is kind of tricky, but once you fully understand how it works it’s going to be a favourite for you.

As for Uniswap, relying on Ethereum means that the fees will be influenced by the Ethereum Blockchain, when it’s high, you’re definitely going to be seeing high fees there. I don’t know about the other ones you have mentioned, but there is BitHolla, maybe you should check it out.

el kaka22

legendary

Activity: 3654

Merit: 1165

www.Crypto.Games: Multiple coins, multiple games

Quote from: OcTradism on February 23, 2021, 09:15:08 PM

If you need to choose exchanges, you need to choose biggest ones and Bisq, Uniswap are biggest exchanges in their branch in the market.

Other DeFi decentralized exchanges after Uniswap are only try to repeat what Uniswap did. So far none of them can do better things and become bigger than Uniswap. I don't direct you to wrong direction but if you have big money, you can use very small of it to experience on a few DeFi decentralized exchanges. Do this to get experience only and with a hope that you can receive big income if their run airdrops for users. I don't advice to use big or all of your money to trade on small or new DeFi Dex.

Honestly I do not know bisq, never heard of it neither, so I went to coinmarketcap to see what the rank for it is between all dex and it was 37th biggest dex there is, so you are basically comparing 37th biggest dex with the third biggest one and that doesn't really makes any sense to me. Venus is the biggest one right now and anyone that got in earlier made a ton of money, insane amount of returns, however it was of course about the token, but if you want to trade, for ETH it is definitely uniswap, for BNB it is definitely pancakeswap, and if you can use venus that is great too.

I do not think that anyone would need anything other than that, it is totally mapped out right now, all others are fine too but they are not really that huge, I do not think that it really worths taking another look at the list. But surely, 37th biggest one is not the one I would go with.

Findingnemo

hero member

Activity: 2366

Merit: 793

Bitcoin = Financial freedom

Those are not really fair comparision and huge difference in the trading volume for sure. If you want to trade tokens then Uniswap is the place but as you said you may have to pay fees like in 50 dollars or even more so not really suitable for small conversions while Bisq is mainly for fiat trading and also lot of similar p2p like bisq available which doesn't require installing application.

OcTradism

hero member

Activity: 1722

Merit: 801

mk4 and Great Arkansas are right.

If you need to choose exchanges, you need to choose biggest ones and Bisq, Uniswap are biggest exchanges in their branch in the market.

Other DeFi decentralized exchanges after Uniswap are only try to repeat what Uniswap did. So far none of them can do better things and become bigger than Uniswap. I don't direct you to wrong direction but if you have big money, you can use very small of it to experience on a few DeFi decentralized exchanges. Do this to get experience only and with a hope that you can receive big income if their run airdrops for users. I don't advice to use big or all of your money to trade on small or new DeFi Dex.

fortebettor

member

Activity: 355

Merit: 45

Quote from: greentech2 on February 13, 2021, 11:37:29 PM

Bisq requires to download and install the software in the computer. It requires the set up and connect through the Tor network. Uniswap has the fee so high through the Ethererum network. How's about the dYdX or the 1inch.exchange? Please share your experience. Thank you.

1. Uniswap
2. 1inch
3. Bisq

jaberwock

legendary

Activity: 2660

Merit: 1074

Quote from: Hobo66 on February 14, 2021, 01:26:19 PM

I have used uniswap months bago and find it good enough except it fee. Fee is very high now a days above 50$. Uniswap is very popular ecchange and every good project first goal to list in uniswap.
I have not used bisq exchange yet.so cannot say about it.

Since you used Uniswap in past, maybe you have the unclaimed UNI swap tokens which are worth a lot right now so you might want to check out how to claim and if you haven't then do it now.

I didn't used UNI swap much apart from times when I have to buy some tokens which aren't listed on standard centralized exchanges and although the fees was very high, my experience was good apart from that. Never used the other name you mentioned, so I am not qualified enough to comment on them.

I rather prefer centralized exchanges because mainly of the fees and actually its way easier to buy from a regular exchange than to buy from a decentralized exchange.

cryptoaddictchie

legendary

Activity: 2268

Merit: 1379

Fully Regulated Crypto Casino

Quote from: greentech2 on February 13, 2021, 11:37:29 PM

Bisq requires to download and install the software in the computer. It requires the set up and connect through the Tor network. Uniswap has the fee so high through the Ethererum network. How's about the dYdX or the 1inch.exchange? Please share your experience. Thank you.

I've used Dydx exchange last month and their fee is totally high. You can have a smaller fee if your amount of going to trade is higher. For example you did trade a minimum of 1 eth your fee is much high compared to those who are trading above 10 or more. For me this is God exchange but any dex that is connected to ethereum is definitely have some high fees compared to other blockchain such as binance smart chain.

Oshosondy

legendary

Activity: 1624

Merit: 1200

Gamble responsibly

Quote from: Julien_Olynpic on February 16, 2021, 12:02:22 PM

Neither Bisq nor Uniswap are worthy sharing solutions, unfortunately. They all have significant drawbacks. These are large commissions and low order execution speed and many other inconveniences. Until now, an exchange has not yet been invented that would be free from even the most gross defects.

You can not expect decentralized exchanges to have high speed execution time, it is not possible. But about Uniswap, there are some fast processing transactions that are not instant but may not take more than some minutes which is still fast. If people will need an exchange with instant (fast) execution speed, centralized exchanges are the option, while centralized exchanges are very different from decentralized exchanges.

Julien_Olynpic

legendary

Activity: 2562

Merit: 3477

Neither Bisq nor Uniswap are worthy sharing solutions, unfortunately. They all have significant drawbacks. These are large commissions and low order execution speed and many other inconveniences. Until now, an exchange has not yet been invented that would be free from even the most gross defects.
Ideally, this should be an exchange between any cryptocurrency on the one hand and any other cryptocurrency on the other. With small commissions. With fast exchange rates. With anonymity. With regulator protection. Therefore, I do not use either Uniswop or Bisq.

yo_mama

jr. member

Activity: 89

Merit: 5

The real big problem with these decentralized exchanges is liquidity. During volatile times it's hard to find people willing to trade. The spread is very high too, +/- 20% isn't uncommon. For the less popular coins this is only worse. Wait for a day but no one posts a trade within a reasonable spread, and the price change would defeat your expectation.
An exchange without enough liquidity is useless despite its 100+ nice features and technical advantages.
All the differences are really minor. The only big difference is LIQUIDITY and USER POPULARITY. The one with higher LIQUIDITY is always better.

Hobo66

hero member

Activity: 1344

Merit: 502

I have used uniswap months bago and find it good enough except it fee. Fee is very high now a days above 50$. Uniswap is very popular ecchange and every good project first goal to list in uniswap.
I have not used bisq exchange yet.so cannot say about it.

sujonali1819

legendary

Activity: 2436

Merit: 1189

Need Campaign Manager?PM on telegram @sujonali1819

According to popularity, user experience, trading volume uniswap is better maybe. I used this exchange several times. And the experience was very exciting. But the only problem is the fees. You have to lose a huge amount for this fee only. Couple of days ago I made some trades there. I had to pay around 50-60$ for only one trade. Can you guys guess it? 60$ for doing a trade. Lol

I did not afraid to do it because of unexpected money from my old holding token.

joniboini

legendary

Activity: 2170

Merit: 1789

1INCH has its gas token which might help you with the fees, but I doubt it will make a huge difference since you still need to buy them. dYdX is more expensive based on my experience, and it's more suitable for leverage trading.

If your token exists on different chains, like Binance Chain or Tron, I suggest you convert your token and trade it over there. Fees are considerably cheaper, but liquidity might be a bit problematic. There's no real solution for now unless you can go P2P and make offers/deals via this forum, etc. Trading with trusted traders might help you with fees, but there is a risk of losing all your money. So, that's that.

GreatArkansas

legendary

Activity: 2506

Merit: 1394

Quote from: greentech2 on February 13, 2021, 11:37:29 PM

How's about the dYdX or the 1inch.exchange?
(....)

1INCH and dYdX are also using the Ethereum network. Speaking of the transaction fees, they will still the same as Uniswap trading fees.
Uniswap, 1Inch, and dYdX got a lot of similarities. Uniswap got more volume and popularity these days, all of them are running in Ethereum network which the major problem of small traders these days is the expensive transaction fees.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

It will really completely depend on what you're planning on exchanging.

Bitcoin <-> fiat: Bisq
ETH and ERC20 tokens <-> ETH and ERC20 tokens: Uniswap

greentech2

member

Activity: 86

Merit: 10

Bisq requires to download and install the software in the computer. It requires the set up and connect through the Tor network. Uniswap has the fee so high through the Ethererum network. How's about the dYdX or the 1inch.exchange? Please share your experience. Thank you.

Topic: Which is the best decentralized exchange Bisq or Uniswap? (Read 183 times)