Print Page - Residents of US can shift to this DEX after they were restricted by Binance

Title: Residents of US can shift to this DEX after they were restricted by Binance
Post by: robelneo on July 03, 2019, 11:38:07 PM

The latest news is Binance is now restricting residents of US from trading on their platform and IDEX the popular decentralized exchange is now considering to ask KYC to all of its users, in the light of this people and residents of US should find a better alternative and another good alternative that is truly Decentralized Exchange is SwitchDEX.ag

Check this article to know more

https://steemit.com/bitcoin/@hatu/switch-is-a-dex-that-s-actually-decentralized?fbclid=iwar0nz3ft71ij-tjader95xzridtxxwuz-kcx5_ou27uojq5ewbjpnstywba

Title: Re: Residents of US can shift to this DEX after they were restricted by Binance
Post by: The_Voice on July 03, 2019, 11:57:05 PM

Good point!

Be careful though

Binance might steal your tech too! What's stopping them from forking your project into BiEthDex.

Proof Erik Zhang Works For Binance! Neo Left Behind! Exclusive Blocknet Leak!!

https://www.youtube.com/watch?v=JSCAelH_iuk (https://www.youtube.com/watch?v=JSCAelH_iuk)

use SwiftDex for the tokens but when you move up into masternodes or into staking or core wallets with coins (not tokens) you can use Blocknet DX to become your own exchange.

Title: Re: Residents of US can shift to this DEX after they were restricted by Binance
Post by: JeffBrad12 on July 04, 2019, 03:35:17 AM

Quote from: robelneo on July 03, 2019, 11:38:07 PM

I know about switchdex but it looks like idex and switch dex very similar because both were offering the security token. I thought that they will be doing the same thing as idex in the future. Just curious where is the main point to determine if switchdex is truly decentralized platform?

Title: Re: Residents of US can shift to this DEX after they were restricted by Binance
Post by: Samboo on July 04, 2019, 04:05:55 AM

Very bad news for the residents of the US who are restricted from trading on its platform. I am opposed to such type of restriction based on a country. In another case, requiring KYC information by a crypto exchange from its clients is normal and mandatory in some cases. SwitchDEX.ag is a good exchange from the view of others who have used it.

Title: Re: Residents of US can shift to this DEX after they were restricted by Binance
Post by: Dreamchaser21 on July 04, 2019, 04:14:45 AM

Quote from: robelneo on July 03, 2019, 11:38:07 PM

Indeed, actually there are so many ways for them to trade cryptocurrency and they still have good options like coinbase and other top exchanges. IDEX is a decentralized exchange but the volume of trade there is not that high, so US citizen might still look for the better exchange and for sure some exchanges will take advantage the decision of binance.

Title: Re: Residents of US can shift to this DEX after they were restricted by Binance
Post by: passwordnow on July 04, 2019, 04:37:54 AM

Seriously IDEX asks for KYC now? it's already known now that they aren't really a decentralized exchange but semi.

Quote from: Samboo on July 04, 2019, 04:05:55 AM

Very bad news for the residents of the US who are restricted from trading on its platform.

Bad news for now but I think that Binance is coming up with something to solve this problem. They won't let go with one of the biggest market share in the whole world.

Title: Re: Residents of US can shift to this DEX after they were restricted by Binance
Post by: Yudhisthir on July 04, 2019, 04:58:06 AM

I somehow feel betrayed by the Binance. No, I'm not a US citizen and is not banned by binance but they had promised us a dex but failed to deliver it.
Even if they don't control the transactions there, they control who can access the exchange and who not. This is just plain opposite of what dex is.

Title: Re: Residents of US can shift to this DEX after they were restricted by Binance
Post by: Mikcik on July 04, 2019, 10:18:17 AM

Really because I found DEX has not given any information that prevents users in the United States from using DEX at all

Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: robelneo on July 03, 2019, 11:38:07 PM