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Author Topic: What do you think of decentralized exchanges?  (Read 286 times)
lukas_crypto
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October 11, 2018, 06:13:42 PM
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 #1

I have just read an article explaining decentralized exchanges and find them to be very interesting.

What's your view on them? Do you use them? If yes, which decentralized exchange would you recommend?
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October 11, 2018, 06:22:05 PM
 #2

I have just read an article explaining decentralized exchanges and find them to be very interesting.

What's your view on them? Do you use them? If yes, which decentralized exchange would you recommend?


I used them mostly in the past but unfortunately today, most of my coins on my portfolio now are available/listed on exchanges which has larger volumes compare to decentralized ones. What's my view on them? Generally we all have the same obvious answer here because in the first place that's how trading cryptocurrency "should" work.

What's my recommendation for you? Honestly you can pick any of them. It's just that, you will now based on your own preferences on which of those decentralized exchanges will be fitted to your criteria.

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October 11, 2018, 09:40:24 PM
 #3

I personally prefer them. As they are note secure and private. And cryptocurrency should be decentralized and we shouldn't need to wait for confirmations or validations of our transactions.

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October 12, 2018, 12:24:52 AM
 #4

I've been using EtherDelta and Waves DEX in the past, but not for long. The volume was abysmal and trading felt rather sluggish (especially EtherDelta, I think Waves DEX was okayish). So while I'd love to use decentralized exchanges over centralized ones, I'm sticking with centralized exchanges for now.

I'm interested to see if anyone else has something to add though. It might very well be that either platform has vastly improved since I last tried it. Or maybe I just gave the wrong platforms a spin.

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October 12, 2018, 12:28:53 AM
 #5

I haven't used any, I like the idea but not the actual execution.
But with almost every centralised exchange requiring KYC verification, limits, cryptos being banned in some countries etc. I think that they may be very popular in future.

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October 12, 2018, 12:49:42 AM
 #6

there are advantages:
if we speak about decentralized exchanges, most of new ICO that offers bounty program are really suffer because of them, because bounty hunters sell tokens cheaeper than ICO price. also this is very unstable market and easy to manipulate.

but, as for advantages, I really like that no need to pass KYC, to deal with suppor, that is cool

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October 12, 2018, 01:19:34 AM
 #7

I think decentralized exchanges are the future of cryptocurrency exchanges. Because most cryptocurrencies work with decentralization. Decentralized exchanges don't need to verify KYC documents and no limits for trading. That's why most people like decentralized exchanges. I have used Etherdelta, Forkdelta, Idex, Switcheo and Aphelion recently. I have good experiences with them.

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October 12, 2018, 03:27:35 AM
 #8

Decentralized exchanges are going to become more popular over time, with better UIs and more players jumping in.

Binance is looking to build one, 0x protocol also seems to be receiving some interest lately.

We should wait and see, the more people use them the better adoption rate.
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October 12, 2018, 09:13:12 AM
 #9

Decentralized exchanges is the best way to go. It's a good thing for a trader have a total control of his assets instead of losing them to exchanges because of hacks.
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October 12, 2018, 10:53:32 AM
 #10

The decentralized exchanges is more secure than centralized exchanges because we can still keep tokens in our wallet while trading, we control them. The problem is decentralized exchanges lack of liquidity, and token price on decentralized exchanges are always lower than on centralized exchanges.
Some good decentralized exchanges: https://etherdelta.com, https://forkdelta.app, https://www.bancor.network.
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October 12, 2018, 03:33:40 PM
 #11

I have used Idex and Crypto-Bridge, both are fantastic but I think this technology is still in its infancy due to human intervention which might be necessary atm. thus that does not make that particular exchange completely decentralized. I think to achieve that stage we need an idea to implement rather than technical skills.
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October 12, 2018, 06:06:41 PM
 #12

if we speak about decentralized exchanges, most of new ICO that offers bounty program are really suffer because of them, because bounty hunters sell tokens cheaeper than ICO price. also this is very unstable market and easy to manipulate.

It's not decentralized exchanges fault, centralized exchange could also allow adding custom tokens and same would happen and even without this people could do this on bitcointalk and other forums/ services. Also there is no law that requires ICO bounty programs to reward their participants with tokens, they can as well give them some kind of points that are not (easily) tradable.

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October 13, 2018, 07:02:10 AM
 #13

I love the idea of them, but the reality is that there isn't enough trade volume on them yet. They aren't quite as user-friendly
for new traders, either, which I think contributes to the lack of widespread adoption.
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October 13, 2018, 07:12:01 AM
 #14

To respect the real crypto-philosophy (transparency, distribution, decentralization..), all the exchanges have to be decentralized soon (as Vitalik said)


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October 13, 2018, 04:44:38 PM
 #15

I have just read an article explaining decentralized exchanges and find them to be very interesting.

What's your view on them? Do you use them? If yes, which decentralized exchange would you recommend?

Decentralized cryptp exchange is very secure and private. There have some decentralized exchange like Idex, Cryptobridge etc. I'm using cryptobridge.

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October 13, 2018, 06:49:25 PM
 #16

I have just read an article explaining decentralized exchanges and find them to be very interesting.

What's your view on them? Do you use them? If yes, which decentralized exchange would you recommend?


I am usually using Idex and ForkDelta, especially for selling my bounty tokens, because most of that token are majority listed on there.
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October 13, 2018, 07:39:00 PM
 #17

Better privacy and full control of your funds doesn't mean that nothing could happen even decentralized exchanges can face problems that require human intervention, the team behind the exchange is the most important and how they act when customers need their support. So far decentralized exchanges don't play a big role but expect this will change in the next years, waiting for Binance until they release their own version.
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October 13, 2018, 08:50:16 PM
 #18

I think they are way too complicated for most people to understand and a lot of people do not understand why they should switch from a normal centralized exchange, to a decentralized exchange.

Until people see the dangers of using centralized exchanges, with all their KYC/AML regulations... they will not know why they should stop using them, but some people are so used to the fiat systems, that they will not switch to something unknown to them.  Roll Eyes

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October 13, 2018, 09:09:25 PM
 #19

I've used sometime in the past and to be specific that is with Idex. I have a good experience with them so far and I can recommend to use it. This is the reason why Binance is now developing their very own DEX soon, they can see that its going to be the future.

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October 13, 2018, 10:14:26 PM
 #20

I have just read an article explaining decentralized exchanges and find them to be very interesting.

What's your view on them? Do you use them? If yes, which decentralized exchange would you recommend?

Progress on decentralized exchanges has been very disappointing after all the hype they generated last year. The real-time order matching and liquidity of centralized exchanges is far superior. I have no idea when that'll change for the better. When I need to quickly enter or exit a trade, a DEX is never that attractive.

Another thing: Most or all of the current DEXs are only quasi-decentralized. You may be the sole holder of your private keys, but trading requires the use of trusted third parties -- servers, domains, etc. For example, Etherdelta was hacked by attackers who replaced its DNS registry. The attackers were able to phish any private keys imported by traders while the site was hijacked.

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