Decentralized Exchanges

[passwordnow]

I haven't used most of them except IDEX. Thanks for the listing, I'll have some choices now on where I can trade and can compare the fees and volumes. I'll stay with those DEX that has a better volume.
Anyone who has thoughts with Binance DEX? Do you think that it's going to be a good one to use? Yes, it's Binance but any technical aspect and suggestion about them would greatly appreciated.

[1714894900]

1714894900

[TastyChillySauce00]

Decentralized exchange is easy to use for beginners. After used one time if you have more coin this wallet those are in risk. Idex is the best between decentralized exchange.

But centralized exchange is the more newbie friendly because there is customer service that will help you and also tons of guide whereas decentralized exchange usually have poor customer service or none at all.

[disconnectme]

So far, so good, I don't think there is any exchange in the space now that is 100% decentralized, people seems to be waxing lyrically about the Binance DEX but from what I see one would need at least $100k to get listed on the platform and also the team seems to be cherry picking the projects they want to list on their platform. I hope one day we will see a truly decentralized exchange

[powerman24]

I am a big fun of decentralized exchanges but they are not more secure than the centralized one. They can also be hacked. I had my funds on EtherDelta end of 2017 when it was hacked. From that time I am  holding  only the funds on exchanges I am trading with.

[cryptydood]

Do you think that Binance dex will solve the biggest problem: the low liquidity? Because currently no DEX could provide big trading volumes and I do not understand why. People do not believe in DEX?

for those hoping the Binance DEX may be the answer, I just saw an interesting video really calling out the motivations behind the Binanace DEX. As always, do your own research. https://youtu.be/xXmYxN8g2TQ

https://i.imgur.com/qVHEnS7.png

Thanks for this.  Its hard to find a real DEX.   Tired out so many once or twice. Block DX seems the best bet to me so far.  Used a few times and its pretty good and will prob go back to it more often.

[dearbesz1219]

This year will be the year of new exchanges, not no projects. We have enough blockchain solutions, but still we have a problem with the low number of exchanges that support creditcards/ bank deposits and this DEXs can't provide.

[dicaprio]

Decentralized exchanges are our future, I understand that in the near future they probably will not appear, because now they will continue to develop. The only thing is that people will not be given this until they collect the money.

[Aligab166]

This is quite a very revealing post. I haven't known most of this exchanges before as I only use the popular ones such as Idex. Thanks for the listing.

[temilade200]

Decentralized exchange is easy to use for beginners. After used one time if you have more coin this wallet those are in risk. Idex is the best between decentralized exchange.

But centralized exchange is the more newbie friendly because there is customer service that will help you and also tons of guide whereas decentralized exchange usually have poor customer service or none at all.

I started using both centralized and decentralized exchanges without any assistance of the exchange support, most especially in the case of centralized exchanges. My opinion about their usage is, the more you use them, the better you understand, except you are afraid of doing that. here are some who are also afraid of using centralized exchanges, because of the avoidance of mistake, therefore they ask for the service of someone who can trade for them, instead of approaching the support.

[heritage35]

Some projects are now beginning to give DEX some audience. Most not the projects I have seen, I don't know of others. Projects such as Bidoo and BitFence listed on  DEX during their first listing, which are DDEX and CDEX repectively.
It is a gradual development.

[adamlillian]

I have never read a great article like this. This article is invested very carefully and very eye-catching.
It really attracted me to the presentation. although all the above things i have known and i have got the decentralized exchange that i trust but i really want to thank you. Thanks to you, our forum will become much better.

[pedpedped101]

I am beginning to see more light into how much decentralized exchange can be very useful. If here can be more DEXes that can allow any type of cryptocurrency to trade, irrespective of their blockchain, there will be more volume and some traders will be glad to use them.
We might not really need so much, but we need some selected ones that will make a good trading exchange without much or any hitch.

[lobo13hf]

Do you think that Binance dex will solve the biggest problem: the low liquidity? Because currently no DEX could provide big trading volumes and I do not understand why. People do not believe in DEX?

for those hoping the Binance DEX may be the answer, I just saw an interesting video really calling out the motivations behind the Binanace DEX. As always, do your own research. https://youtu.be/xXmYxN8g2TQ

Thanks for this.  Its hard to find a real DEX.   Tired out so many once or twice. Block DX seems the best bet to me so far.  Used a few times and its pretty good and will prob go back to it more often.

A lot of DEX but none of them have a lot of volume to provide the best way to liquidate our coin. DEX still lack of demand. I was using some but the problem is when it was charging the more fees compared to the centralized exchange which charge you a little fees.

[spike420211]

I believe that we need more decentralized exchanges where people can trade between each other, and not the horror that occurs on the centralized exchanges where bots are trading with each other.

[taguig]

I experienced trading on both kinds of exchange and I like DEX more than Centralized exchange I experienced withdrawal issues on centralized exchanged that I trade but on Dex withdrawal is fast and there is no KYC involve compare to CEX where you will have to provide your vital information.

[jagaban]

I am very particular about my identity and data being exposed to hacks and for this I am more secure trading on decentralized exchanges than their centralized counterparts.

[TastyChillySauce00]

I am very particular about my identity and data being exposed to hacks and for this I am more secure trading on decentralized exchanges than their centralized counterparts.

There is always disadvantages beside various advantages. Yes it is true that decentealized offer a more secured way of trading there is no middle man but it also sacrifice the speed, simplicity and many more.

[raptorez]

For some reason, decentralized exchanges today are not popular. I see that this is a big problem, because the prices of coins are really manipulated and this is generally a huge problem for the market.

[Mysteryla]

For some reason, decentralized exchanges today are not popular. I see that this is a big problem, because the prices of coins are really manipulated and this is generally a huge problem for the market.

Prices on decentralized exchanges cannot be easily manipulate,but I very sure of several centralized exchanges that use not and if you are sometimes not careful, you will be trading against not.
Bots are the main reasons we feel that some centralized exchanges are having huge volume and that is one of the attractive points.
Decentralized exchanges are undeniably yet to meet up with volumes though.

[mcTether]

There are actually quite a number of exchanges listed here, but one need to be wary of the seemingly unknown ones as they can possibly shut down anytime and even disappear with peoples funds. Some may even possibly be easily hacked by the same developers.