The best Dex Exchange

[Xanxus024]

I was talking to several friends and i have noticed that today there is a trend towards Decentralized Exchange.And i was impressed with the most decentralized exchanges.
The most advanced one, I would even say DEX of DEXes is Volentix, have you heard of them?

Not heard of it until now. I will check this Volentix later. But there's a lot of good DEX like Binance DEX, Etherflyer and Forkdelta. I suggest to check all this, the good things about this trading platform fee's are little and it has a good volume.

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[Kopceak_MD]

I believe that the most decentralized and good exchange is etnerdelta. All the rest of the exchange is not completely decentralized.
It's my opinion

[LuckyBtc]

AtomicDEX is really interesting one, Atomic swaps can be done between different blockchains(UTXO). While most DEX support only one platform like ETH,EOS etc.. AtomicDEX can be a game changer..

[nightflightcourt]

Here's a new article direct from the Stakenet team about the new DEX:
https://medium.com/stakenet/stakenetwallet-66015344427d

The new Stakenet Multi-Currency Wallet will be an integral component helping to fulfil our vision of an Interchain Economy. It will be the default gateway for many to access their digital assets and as such it needs to be simple to use for everyone. We are utilising the latest technologies to create a wallet that fixes many of the issues with Multi-Currency wallets of the past and bringing a host of new features able to be accessed all from one single place. There are many different components all working together to bring our wallet to life such as Masternodes, Lightning Network, TOR and dApps.
Blockchains

Usually with Multi-Currency wallets you are required to download and sync the full blockchains of any assets you wish to hold if they are non-custodial. This as you can imagine is a very slow and cumbersome way of doing things. It also requires a lot of space to hold all of the blockchains, Bitcoin alone is over 200GB!!

Our solution to this is to utilise our existing Masternode network to host the various blockchains supported by our wallet. Doing this means the blockchains are always updated and synced. With that in place the wallet just connects to the Masternode network to get the latest data from the synced blockchains. This keeps the wallet client lightweight, fast and able to be used on any device as it does not require huge amounts of storage so fully featured mobile clients for iOS and Android will be available.
Lightning Swaps

Another feature of the wallet will be it’s “1 Click Lightning Swaps”. What is a Lightning Swap and how does it differ to an Atomic Swap?

Atomic Swap — On-chain, limited by respective blockchain confirmation times, fees and blocksize.

Lightning Swap — Off-chain, Instant Transaction, potentially feeless, infinitely scalable.

Using Lightning Swaps users will be able to instantly convert assets within the wallet. This will be particularly useful at retail for payments and means any asset supported within the wallet can be used as payment anywhere Bitcoin is accepted as an example. We see this as a vital feature especially with the ever growing acceptance of “Stable Coins” for retail adoption.

Retailers accepting digital variants of fiat assets is the next logical step and as such with this tech we are well prepared. As a simple use case a user would be able to go into a shop and get $10 worth of products, they could pay in any asset they wish from the wallet such as LTC and the retailer would receive 10 USDT as the LTC would be converted during payment into USDT. This solves one of the biggest hurdles for retailer adoption, cryptocurrency volatility.

Volatility has been a roadblock for retail adoption since it’s inception as no retailer wants to take the chance of accepting $10 worth of an asset that could be worth $9 or less a hour later. By using a “Stable Coin” paired to their fiat counterparts this eliminates this risk. Another advantage of this is you can move stable coins across borders and in countries where the fiat counterparts are expensive and difficult to get hold of. In countries that are fighting hyper inflation of their local currency maybe utilising something like USDT would be beneficial to ensure their net worth isn’t being devalued with the collapse of their own currency.
Privacy through TOR

TOR (The Onion Router) has been a bastion of privacy since 2002. The Stakenet Multi-Currency Wallet provides users native TOR support as a privacy option with a simple 1 Click activation. It uses our Masternode Network as the trusted exit relay nodes which solves one of the issues that projects had in the past of being able to have a trusted network to ensure privacy and IP obfuscation.

In simple words, when a user connects the Stakenet Wallet with the TOR network, their traffic is then routed through a number of global Masternode servers, each of which removes information of the previous server, so the last exit node server gets no information where the network originated from.

We are also going to be implementing further privacy technologies in the near future to give users even more options for privacy and security.
Lightning DEX

The word DEX (Decentralised Exchange) gets thrown around a lot lately but many of the claimed DEX’s out there are not a true DEX and have centralised points of weakness.

CEX — Centralised Exchange, you are trusting a 3rd party to hold your assets for you and handle the trades.

DEX — Decentralised Exchange, you hold on to your assets and trades are done directly from user to user in a P2P fashion.

Our Lightning DEX is not only a true DEX, hosted entirely on our Masternode Network to ensure decentralisation but it also contains many advances over what a DEX currently is.

Using our very own Lightning Swap technology as a foundation building a DEX is the next logical step by merging it together with an orderbook to connect users automatically and instantly to perform direct P2P trades all from within the wallet. There are many advantages to this such as:

    The coins which the users hold never leaves them unless the transaction is completed giving them unlimited access to their coins.
    With coin in their wallets, they also benefit from all the utilities, features and staking rewards of the coin.
    The user remains anonymous as he doesn’t have to provide any Know Your Customer (KYC) details to anyone providing the user with complete anonymity and freedom to trade fearlessly.
    There is no Geo-Blocking of users just because they are in a particular country. This allows a truly global place to trade effortlessly.
    Not being in hands of central authorities, the Stakenet dx cannot be shut down by anyone, not even Stakenet.
    All transactions are done on a peer to peer basis without the involvement of a central authority, making the transaction more secure and less expensive as the fees are lower.

The Lightning DEX is our first showcase of what powerful dApps and services can be run on our Masternode network.
Lightning Network

Lightning Network is a scaling solution that allows assets to utilise off-chain transactions to free up capacity on-chain. In layman's terms as an example it’s like opening a tab at a bar. You get drinks all night and then at the end of the night you use just 1 transaction to pay for them all as opposed to paying each time individually creating multiple transactions. Lightning Network works in a similar way allowing you to bundle multiple transactions all together making it cheaper and faster.

There have been two main criticisms of Lightning Network so far:

    Decentralisation
    Liquidity

We have managed to solve both of these issues by using our Masternodes network. Our network comprises of currently over 2000 Masternodes all over the world which is more than enough to ensure decentralisation. Each Masternode is backed by 15,000 XSN as a collateral. We are going to allow Masternode owners to put their collateral to work by letting them use it as liquidity for the Lightning Network. This combination of Masternodes and utilising the Masternode collateral solves the biggest issues in Lightning Network so far and means XSN will have one of the biggest, most liquid, decentralised Lightning Networks in the industry.

We also have innovations on Lightning Network like our Auto-Pilot system which manages your channels and routing for you automatically to ensure smooth and fast payments.
Masternodes +

Lots of projects have Masternodes but how many actually do anything? What is the point in having a huge decentralised network with huge amounts of computing power at your disposal if you don’t use it? At Stakenet we are putting our Masternodes to work, allowing them to be the centerpiece of our Interchain Economy. Masternode owners will be able to use there nodes to generate additional fees for themselves by providing services such as routing Lightning payments, becoming Watchtowers, holding other blockchains, liquidity for Lightning Network, hosting dApps and much much more.

To learn more about Masternodes check out our dedicated Masternode article here.
Passive income from Masternodes
The End Result

We are taking all of this amazing technology and putting it all together into one simple to use interface to make it all easy and accessible by the masses. It is a true technical achievement on every level. By giving users unrestricted access to trading markets, dApps, privacy and more on their devices it gives them financial freedom the likes of which has never been seen before on a global scale. A large area of focus for us is accessibility for the masses, this means taking complicated technology and making it really easy to use for everyone. Things like 1 Click Lightning Swaps, 1 Click TOR Privacy, Auto-Pilot for Lightning Network and even our Auto Wallet Updater are all fruitions of this directive to help people transition into the cryptocurrency industry as seamlessly as possible.

At Stakenet we are dedicated to building the best decentralised platform for users to access whatever they want, wherever they want, whenever they want. The Stakenet Multi-Currency Wallet is the first giant leap towards that and we will continue to build upon the base it sets adding even more innovative and exciting features in the near future.

[herurist]

I heard about the Volentix project but I don't know in detail, and some say that Volentix is ​​very successful with many incoming exchanges,

[Chuky92]

I heard about it from a friend but still yet to use it. There is need for more efficient DEX as the have proven to a greater heights to be secured. I think one of the issues facing DEXs is lack of user friendliness as seen in forkdelta and thereby if this can be solved in addition to speed, DEXs will stand a better chance of striving more than CEXs. However, there is a DEX I have used once in a while known as DDEX, I think more improvements needs to be done. Thus, if Volentix can offer speed, good UI, efficient and fast order book it will beat most DEXs.

[#Darren]

DEXes are my favourite exchanges, especially IDEX and Forkdelta. But one of them is implementing KYC process, Forkdelta is dying and making fundraising rounds to keep the service. Volentix is still under development and I hope it would become great.

[Flux0z]

I never thought of Volentix being the best though. I heard of the project which claim they can solve the liquidity to which the DEX will have a volume. I don't know if the team can possibly make it but they will need the help of many DEX. The project is EOS base but this isn't the first DEX of EOS platform.

Definitely this one https://app.weidex.market/. And very soon an atomic swap widget will be released as well for trading between different blockchains.

Swapping does also solve the need for volume but if you both work together, you'd be much stronger. Developing interoperability and cross chain transaction will make both of you bigger.

Seriously, spend 10 minutes and look into what Stakenet is working on with their upcoming DEX solution. They solve: Speed, Liquidity, Decentralization, And Cross Chain Transactions

Speed: The Stakenet DEX will run on the Lightning Network by their huge masternode network of more than 2100 nodes, who's gonna be able to run lightning nodes to facilitate and route lightning payments.

Liquidity Liquidity and volume is the biggest issue with ALL DEX's, and Stakenet solves that with their DEX aggregator - Their aggregator will combine multiple order books from different exchanges together, providing TONS of liquidity and actually benefitting everyone who use's DEX's in the first place.

Decentralization: Bitcoin has had it's issues with Lightning, since nobody has an incentive to run a lightning channel, since the rewards are very low to operate one. This is not the case with Stakenet though, as that's just ONE of many features running on the whole network. There will be a multitude of different "income streams" that will be available to masternode owners, on top of block rewards. To name a few:

Block Rewards
Private Transaction Fee's
Lightning Transactions Fee's
Atomic Swap Fee's
dApp Fee's
Cold Staking Fee's (Cold staking will be faciliated by the masternode network if a staker wants to cold stake, while still being in 100% control of his private keys obviously)
Cross Chain Staking Fee's.
And more...

Cross Chain Transactions: The possibilities here is endless, but to give you a cool example, you'll soon be able to stake your XSN, but instead of recieving XSN in rewards, you'll be able to choose any other coin supported by the network. This means that in the future, you'll be able to STAKE XSN, and Recieve BTC straight to your Hardware Device 100% passively.

As always, do your own research. Stakenet's Lightning solution is miles ahead of any other DEX solution I've seen, as I'm sure nobody will bother to wait several minutes between each trade (doing atomic swaps)...

[tanjiran]

I've heard of Volentix, but haven't used it, does it work well?
In my opinion, the best dex is IDEx, the order book is clear, real-time and transactions are high. Binance dex can also be an alternative, with a good market ecosystem that has been formed by Binance, giving a big enough effect to it.

[reality18]

Well, I will vouch for Idex as the best Dex exchange. Now there has been a new feature on Idex whihc allows users to sign up to accounts with email and password. With this, users can import several wallets on one account and manage them. There has also been integration of 2FA  which has enhanced security of transactions and funds.

[alt-fire]

For sure the best DEX exchange is Binance. Also good one is Fork Delta. Both of them have a huge trust from community side and friendly to user. But Binance better because it cheaper.

[Peterdav]

For Decentralized Exchange i am use IDEX and forkdelta. Now i see Binance have DEX but i am haven't tried it but i see the interface looks good and many B2P token have trade there.

[Winscosinally]

The best dex exchanges are
Binance dex
Shapeshift
Changelly
Ethershift
And we still have others around in crypto space but these are the ones i use time to time,the problem with many dex exchanges is still lack of volume, same as other exchanges as well

[andrea1234]

@andrea1234, I think I need to ask you some questions about the Volentix decentralized exchange you are promoting.
With the little knowledge I have on decentralized exchanges, I know there are so many of them and there are some that are worth using, which have good prospects.
I also want to inform you that there are yet some exchanges that were presented as decentralized, yet are centralized in disguise, whose security have been bridged, funds stolen, ask for kyc.

1. What for of security measure are you using to ensure that it is fully decentralized and that funds are safe?
2. Who are your team?
3. Yes, decentralized exchanges are supposed to be ubiquitous, yet we see some that have restricted some countries, what is your own reach? Is there any restriction?
4. What is your daily volume?
5. How do you intend surpassing other competitors in the market?
6. How do you ensure that your exchange is is not cloned?
7. What medium or media do you use in communicating with your users?

I would have gone ahead to ask more questions, but let me limit it at this. If you can answer the questions effectively and provided the needed answers, I believe people will have confidence in Volentix.
Thanks.

1. VDEX and Verto together can help any business/trader/individual use crypto in a more secure manner.
"secure manner" because it's a wallet to wallet trading system, everybody has their own private keys and manages them themselves. So Volentix isn't holding the assets of anyone, and that means there isn't a single point of failure
it's using decentralization of the network to offer security
not because decentralization is the only way to offer security.
2. You can check volentix team here
https://volentix.io/team/
3. US is restricted. All the relevant information is on the website
4.  The daily trading volume of the exchange is $325M
5. Volentix rank 1st in Neironix Market Challenge.
6. You can check Volentix overview on medium article.
https://medium.com/@VolentixLabs/volentix-an-overview-6b08649534b9
And here is link of Volentix White paper
https://volentix.io/vdex-white-paper/
7. The communication channel Telegram""

[reality18]

The best dex exchanges are
Binance dex
Shapeshift
Changelly
Ethershift
And we still have others around in crypto space but these are the ones i use time to time,the problem with many dex exchanges is still lack of volume, same as other exchanges as well

Most of the Dex exchanges have low volumes because traders can trade tokens which are not listed on the market using the smart contract of the token. Here, the prices are typically determined by the will of the trader and may not necessarily for the trend of pricing during the token sales. A classical example of such Dex is ForkDelta. Investors now prefer to wait till the coin gets listed on an exchange with large volumes.

[shoreno]

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Most of the Dex exchanges have low volumes................

yes most of them but there are now poplar dex that are being built , example are binance dex that come from the makers of binance ( the cex one ) i bet these type of exchanges are going to get high volume because many projects want badly to be listed on it and alot of users do also want to trade with it because they are expecting a great service like what they experience on the original binance exchange  . since i mention the term popular earlier , there are also already popular dex exchange like forkdelta and etherdelta  that we can trust aside from binance dex   .

[jerrison]

the best exchange ever i think is existing now is the binance Dex exchange. it has  come with a differenct concept towards the approach of Decentralized exchanges and its obviously making waves in the industry and serves as a leading technology to others.

[cabron]

the best exchange ever i think is existing now is the binance Dex exchange. it has  come with a differenct concept towards the approach of Decentralized exchanges and its obviously making waves in the industry and serves as a leading technology to others.

Not totally a fan of Binance DEX, you can't move the tokens directly from the dex to another exchange. I haven't really seen another exchange that also listed a BEP token besides the BNB itself. I'd like to see that happen. I tried swapping some tokens I got, withdraw it but has to swap it again. Dumping a token with potential might not matter for someone who had swapped their tokens already.

[Flatchain]

Seems like here is bold pros around here  , if topic still alive and discussion relevant, checkout brand new dex, it has 24/7 support and features of purchase crypto with cards >>> flatchain.org

LF feedbacks from you. TX

[AthenaBanana]

I was talking to several friends and i have noticed that today there is a trend towards Decentralized Exchange.And i was impressed with the most decentralized exchanges.
The most advanced one, I would even say DEX of DEXes is Volentix, have you heard of them?

I heard of this before because of Im one of the bounty participants that took part in their bounty it was a successful bounty and we receive are rewards without any problem, they use eos blockchain I heard this article before (Dex of all Dexes) and this really impressive, in their wallet you can exchange coins to other coins from another blockchain, I saw this because we use Verto wallet 👈 (Volentix own wallet)as a wallet to receive are a reward from the bounty and there are options to exchange your coins to various types of coins.