Bitcoin Forum

What's the best decentralized exchange in existence today? Is it Bitshares, CryptoBridge, or another DEX? I'm wondering about this since I want to trade in a DEX with the most liquidity and performance to exchange various cryptocurrencies. Last time, I've used EtherDelta DEX for exchanging some ERC-20 tokens back into Ethereum, but it was quite slow and unresponsive. This shows that DEXs are still in their very beginnings, as they can't scale to thousands of orders per second.

Nonetheless, which decentralized exchange do you think it's best? I would like to know your thoughts about this. :)

You can try using forkdelta decentralized exchange which is a fork of etherdelta exchange. Forkdelta exchange is faster in response but little bit different interface with respect to etherdelta. Also, you can give a try to IDEX decentralized exchange very easy to use with user-friendly interface. You can only trade ETH or ERC-20 token on these exchanges.

It really depends what coins you're looking to trade. They all have limited markets, whether because they are ETH/ERC based, or because only so many coins have been listed by developers.

Theoretically, CryptoBridge is more robust than Bitshares exchanges because it uses a distributed network of gateways. In practice, its performance is pretty disappointing. I've used Forkdelta and Etherdelta to accumulate ERC-20 tokens but......meh. I've heard good things about the prospects for Radar Relay, but I can't say I'm familiar with it and I don't think there's much liquidity.

We're definitely still in the very early stages.

If I had to choose some, I would go with CryptoBridge, IDEX, they have bigger trading volume, and more supported coins. We're still in early stages but I believe that atomic swaps is what's going to make decentralized exchanges thrive.

Etherdelta is really slow and unresponsive exchange, I left using this exchange from the beginning of this year. But You can use Etherdelta fork exchange called Forkdelta. This is fast enough and easy to exchange ERC20 Coins. In my view, The best Decentralized Exchngaer is Idex. Idex is being very popular recent days, Idex is very safe too. I have never felt safe in other decentralized exchange than Idex. You may try there.

All of the decentralized exchanges are in the same situation, all very slow. One of the biggest problems of our day is that the decentralized exchanges are very few and useless. Accordingly, many traders are forced to use the central exchange.
Also, I'm hesitant about their being decentralized. I am not sure which hacking incident, but I have read that IDEX blocked the account that wanted to sell hacking coins. In this case is it decentralized?

I think IDEX is the best-decentralized exchange. Because has been more than 400 cryptocurrencies/crypto assets listed on it. And then you can also use IDEX with MetMask or Ledger Nano S like wallets to further strengthen your security while using this exchange.

Either fork or ether is not good and so hassle to see their slowness and it gives me headache from time to time trading at them way back before and for now I prefer to use IDEX since they are more faster compare to those shitty exchange and they are also have a great volume which forkdelta and etherdelta don't have for now.

ForkDelta is quite fast compared to ETHDelta but being a fork of the original ETHDelta decentralized exchange, I'm afraid that it would suffer the same issues in order processing speeds over time as people begin to use it at a large scale. The IDEX exchange is quite new to me and doesn't have much liquidity AFAIK. But, if it's fast enough to handle my ETH to token trades, then it'll be quite worth it. I'm also looking to trade crypto-to-crypto, not only limited to ETH-to-tokens trades. Since decentralized exchanges are nearly beginning to emerge, I believe that it would take a couple of years from now before they become as popular as centralized exchanges. :)



Yes. These are still the very early days of decentralized exchanges. However, I'm amazed how quick they've advanced in handling scalability issues, via the use of different blockchain networks that are much more scalable than Ethereum right now. I've tried CryptoBridge and it's quite fast, but it lacks liquidity just like most DEXs out there. Centralized exchanges are still in the lead I'm afraid, and until people realize that such services are highly manipulated by governments and their funds are at risk, they won't switch to a decentralized alternative anytime soon due to the high liquidity centralized exchanges provide.

In my case, I'm looking to trade Ethereum to tokens, as well as, any other cryptocurrency (like Bitcoin) to another cryptocurrency. Perhaps, with atomic swaps, things would be much easier, but until that happens, then it's up to DEXs to improve in scalability and liquidity for them to become extremely popular.

In the meantime, my choices for decentralized trading are Bitshares, CryptoBridge, and IDEX. Unless there's a better DEX out there with instant speeds, those would be my top choices for now. One DEX I'm looking forward to is EOSFinex. This one will live on the EOS blockchain, which would be superior to other DEXs simply because EOS is much more scalable than any other smart contract platform I know of. 8)

Idex is better. They have proper connectivity options with the ether wallet. Mostly you can use Ledger, MEW, and Metamask to connect instantly and have your coins accessible via Idex market. They have very much simple user interface and it does look like very clean. Also I am suggesting it for one more reason, its more or less far secure than the other Dex sites out there because they are not having straightforward accessibility towards the private keys owned wallets. Lets not forget that IDEX also is very popular and having lot of volume which is not seen always on a decentralised wallets.

Infact, i will never use etherdelta and forkdelta because both are same in design and user interface with much lacking public interest and very confusing functions, also not secure because they ask you for private key.
I use binance and livecoin but as you are looking for decentralized exchange, you can wait for other's replies and see if someone has better suggestion for you

In my opinion one of the good decentralized exchange is Waves Platform, in that exchange we can trade not only tokens based on waves blockchain but also others coin like BTC,  DASH,  ZEC etc.

to me i think idex i my best decentralized exchange since the very first day i was introduce into cryptocurrency i got to know idex duo it has a minimum and maximum trade but i still prefer it because i have really earn allot there.

Yeah plus one mate, they are very worst in their user interface. Literally first time when I ended up on the ether delta then I did not even found proper functions and buttons to proceed further. I did not even understand how to open up the wallet and I was very scared about sending my private key with their functions.
I am not sure how many of you use them but for me its like giving away my private keys to them. I know there has to be function which will not disclose our keys to them but what if someday there comes in phishing link and you just enter the private keys into it. Thats why I dont like them. Its better to use centralised exchangers as you dont have to worry about your private kets except the passwords.  ;D

This is a common and frequent question most of the people are asking and it is very important as well. According to my experience i have used etherdelta and Dex. Out of them etherdelta takes a lot of time our trade to be processed and it is and uncomfortable thing. But in case of Dex it is not like that and it gives us a satisfactory service out there.

anyone from Southeast Asia knows INDODAX? I heard about an exhcange that can be a competitor with that in this link: http://www.iconewsmedia.com/2018/09/financex-is-indodaxs-new-competitor-as.html?m=1
What do you think? I am thinking of using that instead of Binance

I am use IDEX and i think that is the best decentralized exchange i have ever used if compared another decentralized exchange and much better than Etherdelta.

Stellarx someone tested already?

As my practice has shown, this exchange IDEX is not decentralized. There were problems with trading when I wanted to buy tokens at a low price, but the tokens were suddenly blocked for some reason! Etherdelta in my opinion the most practical of all!

I use IDEX 7 months, there were no problems.

I'm not using them, so, i doubt what a safe they are. Since i used private key every time i deposit the token on the exchange, i try not to use that wallet again. In addition they work very slowly.

Etherdelta have successfully hosted decentralized exchange and trading platform for more than a year and several other Dex has sprung up.  Among the decentralized cryptocurrency exchange,  I think folkdelta is the best!

If you are looking to trade cryptos with leverage Bitmex has always been the goto solution because they offer up to 100X leverage on perpetual contracts on Bitcoin.

Some issued with Bitmex are that they only take deposits in Bitcoin, are super complicated to use and their contracts on the alt coins expire like traditional futures.

I have seen a lot of news about a company that is about to Launch called Monfex. It looks like they will be offering leveraged perpetual contracts on over 10 coins and allow funding in USD and Euro in addition to Bitcoin.

Their advertising puts a lot of emphasis on simplicity. If they are easy to use, they are certainly worth a shot. Also there may be some potential arb opportunities with the financing rates between Bitmex and Monfex.

To determine the best Decentralized exchange is not easy enough. For one thing, there are currently hundreds of decentralized exchanges out there and the number continues to grow. Also, different decentralized exchanges offer different features and may work differently. To evaluate it, you must consider many factors, such as security, ease of use, a speed of trade, trading volume, liquidity, the number of crypto assets that can be traded, etc. In my opinion, IDEX is decentralized exchange currently the most widely used. Therefore, maybe the best.

Hundreds? No, i dont see to have that number of DEX that do exist on the market today i do rather believe on centralized exchangers reaching out these numbers.IDEX do suits out my interest when it comes to using Dex
simple UI, isnt laggy and fast execution of actions or the simplicity.I do recommend or do like this one compare on the former Etherdelta or Forkdelta. Bancor.network is also a good option too.

For now i choose IDEX, because it is different with another dex that i already tried ( Etherdelta, forkdelta) because we get easier when put buy/sell orders. Like an commonly market and we can sell it immediately.

I do not trust decentralized exchanges. Where do they even make the money? Why do they even exists? I mean if a company tells me that its free I know that usually I am the product in that case. Nothing is free in this world and anytime I see the word free I am afraid.

If the word "decentralized" used properly that means there should be no trading fee since there is no centralized trading platform that requires money, if there are no fee's how the hell do they make their money. I do not trust any of them and specially not the ones that requires to be a chrome extension and be open constantly.

I suggest you don't use it unless you have to. Because they work very slowly and I'm a little skeptical regarding to trust. IDEX is the one i use most, but i don't use the same address again after every visit to IDEX. In my opinion we should use centralized until decentralized exchanges are updated.

If anybody ask me which Decentralized exchange is the best? My answer will be IDEX and Cryptobridge. This two exchange have very good trading volume daily and I'm using this two exchange.

Wave’s platform is just basically an exchange that permits trading waves token with most of the top coins and sure, it is good but not really that much in use to a large scale extent yet. It is still the same thing across board, and we really cannot tell how things would end up panning out in the long run with decentralized exchanges, but one thing for sure, is that things can still get better and we are not where we should be pertaining decentralized exchanges yet. For what it is worth, I will say the only Dex that I can even MANAGE to use right now is Idex, and even at that, sometimes, I still have my reservations.

Be cool. When I traded last time with forkdelta decentralized exchange, I remember that I paid some exchange fee for my trade. If this is correct then this alone an enough way of income generation for a decentralized exchange. Maybe they do charge for listing a new coin/token. This must be the biggest way of income generation for exchanges now a days hence how it will be for a decentralized exchanges.

In my counsel most decentralized exchanges are in the same situation, i think Etherdelta is the best decentralised exchange now in the market.because i still prefer it and i have really earn allot there.in my opinion Etherdelta is the most practical of all!

Seems like you haven't used decentralized exchange once? You can see out some fees associated with making orders 0.1%-0.2% and that's how they do make money.
When we do talk decentralized it doesn't mean no one would able to make a site, there would be no such thing decentralized comes to trade without specific kyc procedures but we do know the
disadvatange over centralized.

IDEX has zero listing fee, so most of new tokens get listed there directly after the token slae. It is fast and easy to deal with, but it lacks volume as all other DEX.

IDEX is a friendly user also but you're right it have only low market volume and also there is no BTC pairs. If they added that pairs, it probably more traders will come along with that exchanges.

I am using IDEX the most,  as I have lost confidence in EtherDelta and ForkDelta . IDEX has decent volume
and many listed coins I am looking for trading with.

Honestly, as far as I am concerned, I won't say there is any best decentralized exchange out there. Few things are common with most of them, which are bad user interface as well as low liquidity and really, what is the point trying to expect something much from such. I feel we still have a long way to go with decentralized exchanges and even though I can still classify Idex not to be that bad, but I believe there is actually room for growth and the ability to be able to do more. I am still waiting direly to see what binance will end up coming with, maybe by then; I may start seeing something good with Dex.

I used 3 Decentralized Exchanger but IDEX is better. Forkdelta is slow. when the name was etherdelta the site hacked so many times.so i recommended for you to use idex.but now i am not interested in Decentralized Exchanger because they want private key

dax is idex? i like trading on idex because the volume there is large compared to others, why is it possible to trade because it's a young market so they still have to develop a server to be able to speed up transactions

Binance and Bittrex are two highly rated exchanges which are the best choice of traders besides which there are few other exchanges out there but those exchanges have features different than Binance and Bittrex that make them our last choices. We choose the two best exchanges due to its simple use and large volume which are more familiar to users than that of other exchanges.

I don't think it's going to be that groundbreaking. Most people are used to how Binance works right now. It's extremely responsive, trades settle instantly, and spreads are extremely tight.

Another benefit is that they don't seem to care about KYC and all that nonsense. In other words, even if Binance's DEX will work better than all the other ones out there, people will still use Binance's main exchange.

I can't even blame people for that with how little of them actually care about decentralization. Most people just want to trade without headache and Binance allows them to do exactly that.

DEXs will only gain traction when the centralized ecosystem has become entirely infected with the KYC virus. In other words, only when there is no other viable option left people will go for DEXs.

Most of the exchange which I used most often are Binance, Kucoin, Hitbtc, Livecoin, Coinbene, Coss, Bittrex, Idex, Cryptopia, Houbi, and Okex, those are good to me in my opinion. But still there are lot of exchange out there which I think you can probably choose that the best for you, you can check it at coinmarketcap.

Exactly. People won't care about decentralization, if they could easily exchange cryptocurrencies without downtime. Since centralized exchanges like Binance provide the most liquidity, buy and sell orders become settled quickly. In contrast, decentralized exchanges lack liquidity but they’re much more secure and cheaper in costs than their centralized counterparts. Eventually, people would switch to decentralized exchanges if they continue to experience undesired situations within centralized exchanges such as hacks or theft.

With a decentralized exchange, there's no counterparty risk, you're the sole owner of your funds (if you have access to your private key), and there’s no single point of failure. It could be said that decentralized exchanges would live almost forever if the blockchain they're operating within is still alive. As such, I believe that the best decentralized exchange yet would be Bitshares.

Bitshares is extremely fast, responsive, and has some level of liquidity. While centralized exchanges still have greater liquidity than the Bitshares DEX, this last one is the safest approach to trade your cryptocurrencies without having to worry about hacks or theft. However, not everyone is accustomed to using decentralized exchanges, due to their complexity in design. Therefore, centralized exchanges would still have the lead unless something very bad happens with them.

Nonetheless, the best decentralized exchanges I've found yet are: Bitshares, IDEX, and Bisq. There's a new one that will be launched soon called EOSFinex, which will live on the EOS blockchain. Once it's up and running, then it could become the best decentralized exchange in terms of speed, and lower costs. Just my thoughts ;D

It is true that decentralized exchanges are still not very popular, but in my opinion this will soon change. On all the DEX's, volume is growing mainly thanks to tokens, but it helps to popularize them.

Answering your question, I spend most time on IDEX lately. Their information shows that they have the highest volume from all decentralized exchanges.

Here is some overview: https://twitter.com/DapplistCT/status/1051220827264438276

Right to say but we have few best exchanges in which Binance, Bittrex and Coinbase are the top exchanges and other than these three the exchanges you mentioned will also work the same but you will have to look at each and everything. Most traders are using best exchanges which they choose due to its simple use and large volume availability features and ofcourse there are many other things to consider which make these exchanges our best choice.

Idex would be my first pick.
Never got problems with them. All is fast with the right gas.

Your real problem would be if the token that you own or want to be traded is listed with them.
You might need to also communicate via telegram with the management of the certain token and tell them to request a listing with IDEX.

from the first time I entered cryptocurrency I always used Forkdelta/Etheredelta and the Token Store as an option to decentralize exchange, and Forkdelta + Metamask is the best in my opinion, very user-friendly and safe.

IDEX seems to be the best bet for exchanging tokens in the quickest and cheapest way possible. While not fully decentralized (since it combines both centralization and decentralization), it works as intended as it allows you to exchange tokens without the need for middleman. However, in terms of popularity, I don't think that IDEX is one of those DEXs since there are other exchanges with greater liquidity. A good example of this would be CryptoBridge and EtherDelta which have a variety of tokens listed there, and their liquidity is quite high.

While IDEX is superior in terms of speed and lower costs, it's not as popular as other decentralized exchanges. However, this could change over time as people become interested in using these services to protect themselves against the inherent risks of centralized exchanges such as hacks or theft. We know that centralized exchanges like Binance and Bittrex have a wider audience than decentralized exchanges, but once people recognize the true risks of centralized exchanges, they'll start using DEXs more often.

Nonetheless, among the best decentralized exchanges there are: IDEX, CryptoBridge, ForkDelta, Bitshares/OpenLedger, and Waves DEX. However, their success will depend on how many people are using it for their daily trades to maintain high liquidity like centralized exchanges. Just my opinion :)

Binance, Hitbtc and huobi is my daily use exchanges.

Shapeshift is basically decentralized and has been around forever. Erik voorhes is the owner of shapeshift and he has been a trusted reliable guy in the crypto market so I will definetly suggest any company he has created so far. Dude has collected insane amount of money from people (at the amount of 50k bitcoins, not 50k dollars worth of bitcoin, literally 50 thousand bitcoins) and repaid everyone back with interest when he sold his satoshidice company.

He managed to make close to a billion dollars from his crypto works so far and get out at the perfect time when satoshidice was getting worse and worse and right now he probably couldn't sell it for a thousand bitcoin if he wanted to. He built coinapult for debit card systems and with bitinstant, right now shapeshift is his main focus and it has been a known great company so far.

Hitbtc looks so hard for now, and as far as I know a lot of people experiencing delays in all transactions and also losing of their withdrawals. It is better to go for IDEX even it is a little bit low volume market exchange than of the others but it have a good reviews.

For now, the best decentralized exchange is IDEX. Its been there for some period of time and I never find a big problem. The number of new coins being listed on idex growth day by day and the user interface is easier to use. The loading time is good as well.

All of the decentralized exchanges are in the same situation.but i maybe IDEX It's different because IDEX is a friendly user also.and It is fast and easy to deal with.

I posted a thread in the Economy> Exchange sub-forum with a big list of decentralized exchanges. People don't know about it but there are so many of it already, it's up waiting for the users. But I suppose it will take again some time to be adopted. Personally I like Bisq.
Edit: Here  is the thread I am talking about: https://bitcointalk.org/index.php?topic=4724064.msg42685352#msg42685352

For me forkdelta and idex are the good decentralized exchange to be use. This exchange is friendly and since i start ,i didn'd encounter any problem regarding deposit and withdrawal.

IDEX is among the fastest decentralized exchanges in existence today. However, there will be a new DEX that will make use of EOS's blockchain to perform orders at unmatched speeds. The DEX is called EOSFinex, and once launched, it could greatly rival other decentralized exchanges we know and love today. Of course, it’s all about user adoption and friendliness. Which means that if EOSFinex proves to be efficient, secure, and user friendly, then it could take the world by storm.

Nonetheless, I believe that as several Blockchain networks scale, decentralized exchanges would become more useful for our daily lives. Centralized exchanges have been largely dominant ever since Bitcoin was created, but things could change soon as people realize the true risks of such entities. After all, cryptocurrencies were designed to circumvent the middleman, and bring freedom to the world. Which means that one way or another, decentralized exchanges will become practical in the future. Just my thoughts ;D

I grew up in this community with Etherdelta even before IDEX came so my bias goes to them. I learned so much in trading with it that are really memorable gains or losses wise  ;D just sad that has happened to their founder

EtherDelta is a good decentralized exchange, because it has many ERC-20 Token trading pairs compared with most DEXs out there. However, it's not perfect due to its slow speed and high fees. It is largely dependent on the Ethereum network itself to scale, resulting in massive order settlements within EtherDelta. Since Ethereum hasn't scaled yet, EtherDelta will keep facing the same issues repeatedly. But once ETH adopts Casper PoS, then the whole performance of the network would increase to a point where EtherDelta and other dApps could benefit largely by it.

There's another DEX based on EtherDelta which is called ForkDelta and promises to be much faster and more stable than its counterpart. However, since it depends on the ETH blockchain, it will face the same drawbacks as its father. Other decentralized exchanges like Bitshares/OpenLedger, CryptoBridge, and IDEX are much faster and more scalable, but aren't widely adopted by the public yet. There's no doubt that decentralized exchanges will improve over time, but if they want to take over centralized exchanges, they need to show the world that they're capable of scaling to a wider audience within a short time frame.

Nevertheless, I believe that the best decentralized exchanges are IDEX and those that are based on Bitshares such as OpenLedger, CryptoBridge, and MoonDEX. Just my opinion :)

I think IDEX is one of the most popular decentralized exchanges in use. IDEX supports many tokens based ERC-20 by far – over 400. It also has a signed strategic partnership with the WINGS Foundation, and any ICO launched through the latter will automatically be listed on IDEX.

IDEX has great performance, compared to other known decentralized exchanges. I believe that it has good potential to take the crypto world by storm, as people realize its benefits. The vast number of tokens available on such DEX shows how popular it is right now. This means that the competition would be between EtherDelta and IDEX as decentralized exchanges which provide ERC-20 token trading pairs.

On the other hand, IDEX's partnership with WINGS would allow it to expand in token offerings over time, which is good for mainstream adoption of the same. In my experience, IDEX is quite fast compared with most decentralized exchanges such as EtherDelta and ForkDelta. However, these last two decentralized exchanges could improve in performance over time as the Ethereum blockchain scales with its Casper PoS consensus algorithm and Sharding.

Other decentralized exchanges which are also good are Bitshares, Switcheo, Saturn Network, Radar Relay, Paradex, MoonDEX, Bancor, and even Bisq. This last one is convenient (although not as fast as other DEXs) since it allows you to trade your Bitcoin to any other cryptocurrency listed in a P2P fashion. The Bisq decentralized exchange automatically connects to the Tor network for privacy and anonymity which is a plus, IMO. Nonetheless, decentralized exchanges could get the traction they need within the mainstream world if they improve in terms of performance and user friendliness. ;)

The liquidity of the DEX is slow because it is based on real needs of sellers and buyers and not the bots as in the CEX, if you buy too cheap or too expensive will be long match, I tried Exchange at Forkdelta and quite satisfied.

I also choose this exchanges for trading but not for long term storing of funds. I make sure that after buying coins, Ill be transferring it on my own wallet. Exchanges are good for trading but not as storage of coins. Personally, I use open source wallet because it provides me the private key unlike every exchanges which does not provide. Exchanges does not provide full control over our funds, thus is why we should transfer anything we have in exchanges. You can use electrum for Bitcoin and Hodler wallet for multiple kind of coin which the only open source multiwallet.

As a newer in trading I choose to use exchange which is less fees and at the same time with have good liquidity. But some of the good exchanges that has a good liquidity of transactions has a huge fees needed so it is optional for everyone to pick their best exchange.

That's certainly true, mate. We must consider the fees and liquidity of a DEX before we conduct our trades in it. Recently, DEXs have become popular (although not at the same level of centralized exchanges). If people recognize that their privacy and security is at risk within centralized exchanges, then they'll switch over to DEXs (which contributes towards the increase of liquidity over time). AFAIK, IDEX is one of the fastest and most responsive decentralized exchanges out there. There are lots of tokens listed there, and with the Wings partnership, things will become even better over time.

On the other hand, there's another DEX which has an interesting concept. It's called MoonDEX and it provides hefty rewards to those who can afford a masternode. Based on Bitshares' Graphene technology, MoonDEX will be able to process large TPS without delays or downtime. The masternodes feature is quite interesting, as it will allow you to earn MDEX coins passively, while using them as a discount for fees within the exchange. Cryptobridge by the way, is also a good DEX and it provides a reward system to holders of Bridgecoin (BCO).

This all means that DEXs are creating attractive revenue models, that are sure to attract people into them. Once they've gathered many users, they could probably replace centralized exchanges if they could maintain a high level of performance. Nonetheless, in the future, DEXs might take over if they experience adoption within the mainstream world. The best DEXs out there are: IDEX, EtherDelta, ForkDelta, Bitshares/OpenLedger, MoonDEX, CryptoBridge, Switcheo, Bancor, Saturn.Network, 0x, Radar Relay, and even Altcoin.io. Just my opinion :)

I don't really recommend forkdelta or etherdelta for any newbies, I think DEX can be better of other ways am not too good with Decentralized Exchangers.