📈 WORST EXCHANGE? for me.. IDEX, the nightmare for human trading. JUST BOTS!📊

[ChiNgadOr]

Just wanted to share my frustration with IDEX exchange..  In terms of trading is by far the worst i have ever seen.. With a so low liquidty the allowance of bots trading make a huge spread, where only it is possible to have profit if you use some bots.. otherwise you will loose hours and hours to find the limit price of each bot, which also could change in a while.
I complained tons of times, and the customer support is really fast answering (i must admit they are the fastest of all exchanges!), but nothing changes.
I just began to think that these bots could be some "inside" job to make a profit... so the perfect business to cheat people, unless they use bot trading!

[BitcoinHodler]

i don't think your frustrations have anything to do with bots! it is all because of the low liquidity of the exchange otherwise bots can not do any damage to other traders as long as you are making good decisions.

for example if you speculate some shitcoin is going to get pumped today and you want to get in now and get out after you have made 30% profit, existence of bots is not going to change this solid strategy!

[agusiska]

honestly youre right buddy, but other exchanger too, some people using trading bot on some exchanger, including idex, just like you mentioned.

[masterrex]

Just wanted to share my frustration with IDEX exchange..  In terms of trading is by far the worst i have ever seen.. With a so low liquidty the allowance of bots trading make a huge spread, where only it is possible to have profit if you use some bots.. otherwise you will loose hours and hours to find the limit price of each bot, which also could change in a while.
I complained tons of times, and the customer support is really fast answering (i must admit they are the fastest of all exchanges!), but nothing changes.
I just began to think that these bots could be some "inside" job to make a profit... so the perfect business to cheat people, unless they use bot trading!

Im also experienced that too. But thats not an issue for me since some exchange are using bot trader too, the worst for me is the selling and buying limit it was supposed to be not present on a (DEX) IDEX is a so called decentralized exchange and like other DEX it must not have limitation for trading tokens, specially ERC20 tokens.

[OptimusPrime_3]

I personally don't like decentralized exchanges because of some reasons or do I say personal reasons.  So far looking at most of this decentralized exchanges it doesn't give you any glimpse of hope and satisfaction to place trades on them. I have used two decentralized exchanges which are Bancor and ddex because of its uniqueness and transparencies, although ddex has an alarming trading fee

[Belianez]

Actually now most of the exchanges are bots , I really don't see a problem in it , but of course at idex is very small and the liquidity of coins , and especially now do not have to choose if you want to sell a coin it is sometimes popotet

[accesovip]

Yea, i have suffered that in IDEX too. But I personally hate HitBTC. Their fees in some coins are abusive and they scammed me around $500 usd in CRS. They launched an IOU with this coin, never opened the market nor give the chance to move those coins to a different exchange, and finally delisted it.

[icalical]

Just wanted to share my frustration with IDEX exchange..  In terms of trading is by far the worst i have ever seen.. With a so low liquidty the allowance of bots trading make a huge spread, where only it is possible to have profit if you use some bots.. otherwise you will loose hours and hours to find the limit price of each bot, which also could change in a while.
I complained tons of times, and the customer support is really fast answering (i must admit they are the fastest of all exchanges!), but nothing changes.
I just began to think that these bots could be some "inside" job to make a profit... so the perfect business to cheat people, unless they use bot trading!

I don't have any experience with Bot in IDEX, because I rarely use this exchange, but I can say that IDEX is the worst Decentralize Exchange out there. they are very lack of features. Their minimum trading amount and fees are ridiculous, and I experience many times the stability issue using their platform. All they do was advertising and luring user to buy their AURA token. I stopped using IDEX and just move to other Decentralize Exchange. There are tons of better Decentralize Exchange out there.

[BADBITCH]

Idex is not entirely a nightmare because every exchange uses a bot and some exchange liquidity does not stand in ranknwith idex

Just focus on your decisions while trading and you won’t have any problems bot or not bot

[bittraffic]

Just wanted to share my frustration with IDEX exchange..  In terms of trading is by far the worst i have ever seen.. With a so low liquidty the allowance of bots trading make a huge spread, where only it is possible to have profit if you use some bots.. otherwise you will loose hours and hours to find the limit price of each bot, which also could change in a while.
I complained tons of times, and the customer support is really fast answering (i must admit they are the fastest of all exchanges!), but nothing changes.
I just began to think that these bots could be some "inside" job to make a profit... so the perfect business to cheat people, unless they use bot trading!

I don't have any experience with Bot in IDEX, because I rarely use this exchange, but I can say that IDEX is the worst Decentralize Exchange out there. they are very lack of features. Their minimum trading amount and fees are ridiculous, and I experience many times the stability issue using their platform. All they do was advertising and luring user to buy their AURA token. I stopped using IDEX and just move to other Decentralize Exchange. There are tons of better Decentralize Exchange out there.

The problem is that most decentralized exchange works the same way. Some are even worse than IDEX, you'll know when you get into forkdelta and some unknown DEX where the tokens you hold are listed there. You just can make people trade on DEX as it has low volume, you can combine all the dexes you know and compare it to one single volume of bittrex and they still can't match.

[airdropan]

bot for trading is not something new in crypto exchange
even on popular exchange like binance there is bot on trading

[pandukelana2712]

What you think about this one.

It taken is from tideal.com.




Withdrawal fee:
BTC = 0.01 BTC
ETH = 0.1 ETH.

About the trading, they use bots too.

As they said about withdrawal fee :

We will adjust the withdrawal fees according to the blockchain conditions regularly.

But there was no change in the withdrawal fee regulation until today.

So, what you think about the fee? Why the fee makes so high?

[cizatext]

Bot can't have direct influence on your trading I have experience similar problems on IDEX some times ago I was thinking the bots is behind it until my guidance educated me that bots have no power over my trading since I am the one who make decision on when to trade on the exchange, the low liquidity is responsible for it.

[rosezionjohn]

I don't know what you were thinking trading on IDEX. Many users on that exchange are "gem-finders". I only visit there to look and buy for undervalued tokens.

[dearbesz1219]

Hehe, and I recently thought about buying AURORA DAO tokens because price is very cheap and the yearly profit is around 27%.
But I agree that IDEX needs some updates to fix bugs.

[nreal]

If you are looking for a trading platform with absolutely no bot, I think you will not find it. This is a problem we must accept, we can only find an exchange, but there are few bots

[5thFear]

low liquidity is a problem being faced by a lot of exchanges and it is a genuine issue that can't be solved by the exchange itself. It will however be resolved with the passage of time with more and more people trading.

[Ifychuks]

honestly youre right buddy, but other exchanger too, some people using trading bot on some exchanger, including idex, just like you mentioned.

These exchanges shouldn't allow bot tradings, it's not right. One, the price and value of the listed coins won't real cos of the bot tradings as opposed to when there is actual tradings where the price of the coins are determined by the traders.

[Flangler]

From my experience Liquid.io is the worst exchange. Fake trading competition, wash trading and bots. The exchange is also a lot of time broken, it is impossible to cancel order or make new one, and withdrawal can take sometimes up to few days....

[bakermaker123]

Just wanted to share my frustration with IDEX exchange..  In terms of trading is by far the worst i have ever seen.. With a so low liquidty the allowance of bots trading make a huge spread, where only it is possible to have profit if you use some bots.. otherwise you will loose hours and hours to find the limit price of each bot, which also could change in a while.

That's unfortunate. You can actually try using new exchange if that's the case. Try using the exchange I am wearing on my signature now. There is no transaction fee here because it will be converted into their token.