bluesnup
Jr. Member
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Activity: 123
Merit: 1
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May 25, 2019, 04:40:22 PM |
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Binance is not a real DEX! The only real DEX that i know is switchdex.ag They don't collect any personal information! Your funds are yours.
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farlack
Legendary
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Activity: 1310
Merit: 1000
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May 25, 2019, 04:44:03 PM |
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The easiest DEX for me is idex. You know, people can lose money on etherdelta simply because you can buy something worth 1$ for 10 eth, but on idex it is quite impossible
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aemma
Copper Member
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Activity: 966
Merit: 14
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May 25, 2019, 06:00:21 PM |
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Am yet to use Binance DEX, but if they are really Implementing KYC process, then I think that goes against what DEX stands for. On the other hand, IDEX is the most easiest DEX to use, it is user-friendly with good user interface unlike forkdelta and etherdelta. And also, most coins that gets listed on IDEX tends to do well.
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irixo10
Full Member
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Activity: 1078
Merit: 104
GoMeat - Digitalizing Meat Stores - ICO
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May 25, 2019, 07:24:00 PM |
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I think the easiest DEX I have used is IDEX. Of a truth, to a great extent it is far better than other DEX, both in terms is operating, UI and so forth. The reason I always prefer Decentralized Exchanges is, they are easy to use no need for registration and KYC.
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Chuky92
Copper Member
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Activity: 966
Merit: 5
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May 25, 2019, 07:25:10 PM |
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Seriously, one of the advantages of DEX is anonymity, it requires no information from users in order for them to access full functionalities of the exchange. Thereby, any exchange claiming to be DEX but still requires personal information from users is not truly decentralized. The easiest DEX I have used or traded with is IDEX, one of the features of the exchange I like is, its user-friendllines unlike other DEX I have come across.
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rijaljun
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May 25, 2019, 07:35:36 PM |
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Huh, I don't really understand about Binance DEX but obviously Binance wants to take over everything and become truly number one exchange company / services in this world. I think Binance DEX will get less interest from people and it would be just an option for traders to trade with higher security.
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vhns222
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May 25, 2019, 07:41:03 PM |
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For me the best DEX to use is IDEX and what is important it doesnt want eth any time you make oder or cancel it like forkdelta do so its not just easy to use but also profitable too there are others like allbit but it need KYC.
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Gab20
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Activity: 714
Merit: 3
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May 26, 2019, 09:02:02 PM |
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At the moment, the easiest DEX for me is IDEX. Even as a newbie in the crypto space, i still found IDEX very easy to use. later on, i discovered that despite being a DEX, it employs centralized system of placing orders, which makes it easier. The only issue i have with it is the volume, but with time it will grow and suite to the taste of its users. It is one of the most promising exchange and particularly decentralized exchange in the crypto space.
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lobat999
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May 26, 2019, 09:17:47 PM |
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I am much more inclined to favor Forkdelta over any other DEX'es as I've tested it for more than a year now and found it quite impressive. I guess there is really a sense of freedom and security when you use it as compared to traditional exchanges whereby you have to submit yourself to unwanted KYC procedures but also I have to point out one of its downside is that oftentimes it has low volume for its listed tokens.
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sabine80
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Activity: 728
Merit: 14
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May 26, 2019, 09:26:28 PM |
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the best dex for me is forkdelta. there i can trade all my tokens easily and safely. as long as i can trade everything about forkdelta, i do not need any other exchange and certainly i will never use a dex that kyc requires of me.
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giletto
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May 26, 2019, 09:28:39 PM |
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The first exchange I traded on was a Dex. Traded polymath tokens on Etherdelta, it was so much drudgery. Same with forkdelta. The best Dex has to be IDEX and Cryptobridge. Operability is smooth with easy user interface.
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ololajulo
Sr. Member
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Activity: 2240
Merit: 270
SOL.BIOKRIPT.COM
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May 26, 2019, 09:32:13 PM |
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People's opinion still go for Idex, which in my opinion is right. It has a better interface and user friendly. It has a lighter page with very high visitors, which gives high trade volume. Transaction fee seems low and transfer is fast, I noticed fewer complaints from users than other DEX in this forum and other relevant exchange forums.
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CoinFascination (OP)
Newbie
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Activity: 74
Merit: 0
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May 27, 2019, 07:48:02 AM |
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People's opinion still go for Idex, which in my opinion is right. It has a better interface and user friendly. It has a lighter page with very high visitors, which gives high trade volume. Transaction fee seems low and transfer is fast, I noticed fewer complaints from users than other DEX in this forum and other relevant exchange forums.
Yes, but isn't it limited to ethereum type coins?
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Pffrt
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May 27, 2019, 07:50:03 AM |
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With DEX, binance will not require KYC because DEX are meant to be out of this kind of hassle. I recently used EtherDelta for doing some token exchane and it was a nice experience with this.
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3core
Jr. Member
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Activity: 152
Merit: 1
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June 11, 2019, 07:07:28 PM |
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Idex is the easiest DEX I know of, but it has an issue of supporting only ERC tokens that can only be traded with eth pairs also that not all tokens get listed unlike forkdelta where all tokens can be trade automatically using the tokens smart contract address.
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ceteris paribus /ˌkɛtərɪs ˈparɪbʊs/
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GrosWesh
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Activity: 2408
Merit: 1442
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June 11, 2019, 07:35:53 PM |
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I hear Binance is bringing one online but was wondering about the KYC that it would require. In General, it seems that the advantage of a DEX is the lack of KYC although maybe that will be changing. The fundamental problem that people have brought up is the fact that setting up a DEX for their coin seems to be hard. Are there simple ones out there?
Binance Dex is not so decentralised bro Have a look at this vid : https://www.youtube.com/watch?v=xXmYxN8g2TQIf you don't know it, have a look at Forkdelta, easy to use and reliable.
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CoinFascination (OP)
Newbie
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Activity: 74
Merit: 0
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June 12, 2019, 08:24:44 PM |
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I hear Binance is bringing one online but was wondering about the KYC that it would require. In General, it seems that the advantage of a DEX is the lack of KYC although maybe that will be changing. The fundamental problem that people have brought up is the fact that setting up a DEX for their coin seems to be hard. Are there simple ones out there?
Binance Dex is not so decentralised bro Have a look at this vid : https://www.youtube.com/watch?v=xXmYxN8g2TQIf you don't know it, have a look at Forkdelta, easy to use and reliable. Will forkdelta let you trade a non-etherium derivative like let us say PIVX?
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Whaletale
Copper Member
Newbie
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Activity: 154
Merit: 0
CurioInvest [IEO Live]
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June 12, 2019, 08:33:21 PM |
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I dont think there is different in those DEX but many find it difficult to use due to the direct trade act and the UI of a thing , but I think it is still cool with binance as it UI is just like its normal exchange and easy to understand unlike other which some find difficult to understand.
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mahibul49
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June 12, 2019, 08:41:34 PM |
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YOU CAN USE IDEX FOR SURE!really easy to use and smooth .also you m,ay try etherdeltay brother forkdelta .and saturn is a;lso another dex to use and they are cool
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Raymondavid47
Jr. Member
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Activity: 546
Merit: 3
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June 12, 2019, 08:43:41 PM |
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Using of Dex is quite complicated for a first timer. A Newbie can easily loose his or her funds on Dex. The easiest of Dex are ForkDelta and etherdelta. IDex is not that easy to use because of the rules that does not support small traders. Dex are pretty safe and that's a good thing.
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