How do you choose DEX? How to avoid scam?

[vreten]

Presently there is no other reasons to choose dex exchanges than safe funds and secured trading but its a shame that all dex are not doing so well than centralized exchanges

DEX rise is coming soon. It needs time to make them more user friendly.

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[DonFacundo]

Well my favorite Dex is Forkdelta, it's a trusted exchange for me you can try it. To avoid scam, I think you should stay away the new Dex and always use metamask if you want to access your account in the Dex. Not recommended entering your private key to access your account.

[wywoc]

For me the true DEX is just Etherdelta and Forkdelta. IDEX now require KYC verification and limit your withdrawals, so it became a CEX I thought.
The other option is the DEX on EOS blockchain, but It seems that quite a few people know and use it.

[cichaescut]

Unfortunately, I faced the problem that there are no real decentralised exchanges with good volume. IDEX implemented KYC, Binance DEX only allows trades of BEP tokens, Forkdelta is dying and collecting funds, so there are no alternatives to chose from.

[Leonardo7]

I only trade on DEX I am familiar with, and with low fee. And I never import my wallet to any DEX, only use Metamask to interact with them. I have been using Idex, BinanceDex, DDex, and Folkdelta. Currently, Idex requires KYC for a withdrawal above $5,000, and one must register with an email before ever starting trade on Idex. Foldelta works with ethereum network hence it's very slow, as orders can be deceptive, they may have been taken and still appear in the order book, not good for newbies.

[dnsokoljuk]

I'd like to discuss DEX exchanges and its variety.
There are many of it, and top-lists of top DEX exchanges are appearing often as well (here's an example for 2019). After reading one of the latest articles about it, I started to think -- there's too much info and not all of it is trustworthy. Reading reviews, comparing fees... I'd like to know which DEX platform you use and how did you make a decision about it?
Could you tell if you stick to one particular platform or use several of them? What criteria did you rely on?

I have a mixed feelings as for DEX exchanges because there is a lot of them now exist. I am used the most popular like ForkDelta and Binance DEX. That all what need now.

[tazmantasik]

Choose the Dex exchange that many people already use. Don't try the new Dex exchange, because this is very sensitive in crypto. So far I only use dex exchanges like Idex and BinanceDex. Because they have been trusted by many people.

[tabas]

Choose the Dex exchange that many people already use. Don't try the new Dex exchange, because this is very sensitive in crypto.

Yep, the new dexes are prone to scamming their users. They might disable withdrawal anytime they wish especially if the deposits made are significant amounts.

So far I only use dex exchanges like Idex and BinanceDex. Because they have been trusted by many people.

They are trusted yes but the reality is they really aren't pure dex.

[efxtrader]

Choose the Dex exchange that many people already use. Don't try the new Dex exchange, because this is very sensitive in crypto. So far I only use dex exchanges like Idex and BinanceDex. Because they have been trusted by many people.

Agree, it is too risky to use a DEX exchanger that is relatively new because it concerns the security of the wallet we have. For some people, transactions in centralized exchangers are more convenient because of the fast execution and as long as we don't keep our coins and tokens in the wallet exchanger, I think it will remain safe

[TastyChillySauce00]

I use forkdelta since this exchange worked very well last year and in general it is 100% decentralized, as I used idex before, but as it turned out, it is controlled by the creators, after I saw that I need to go through KYC on the exchange, I immediately He withdrew all funds from there.

Even though I still use IDEX, I was highly disappointed by the basic KYC requesting email. Nowadays the so-called decentralized exchanges do not really keep up to the name. Forkdelta is not bad but the trading volume is not impressive, and also sometimes when I see an order and want to take it, I will be promoted that the order has been taken even though it's still on the trading table. Another aspect I don't like about forkdelta is unofficial token listing with smart contract which usually lead to price drop for
some ERC20 tokens.

Also DEX could usualy used to trick people into buying useless coin that disguising themselves as a legit coin but actually it has different smart contract to the original. I've seen so many people get lured into such trap and man that's just awful. If the DEX is really requesting KYC that would double the disadvantageous of using decentralized exchange nowadays. The whole interface is also buggy and just don't feel right. Honestly I always avoid to use something the likes of centralized exchange but the hard truth to swallow is, centralized exchange just a damn lot convenient and could not see the reason why I should use DEX over centralized exchange. I hope they could eventually improve though, maybe just recreate the entire DEX system from scratch.

[javainn]

binance dex and idex might be a few choices for me. but for idex I'm still not satisfied because the exchange only uses eth. binx dex is more recommended because the exchange system there is much more complete and comparable

[lizarder]

To use dex if you want to trade with erc I always use ether / forkdelta for idex since it was implemented kyc I think this is not good but to make small transactions can still be done without kyc,
for other dex I don't really use them because most of assets that i owned are ethereum tokens, oh yes at this time binance token (binance chain) is popular and I also use binance dex for that it's just not too often.

[Iccang161096]

For DEX I just like ED / FD and IDEX market.. It's very easy to use that DEX
And if you don't want to loss your funds, just creat a new wallet from the site and make a deposit from your real wallet to your wallet on the site. If your finish make a trade, withdraw all your funds from there if you want to minimize the possibility of losing your funds..

[irixo10]

I'd like to discuss DEX exchanges and its variety.
There are many of it, and top-lists of top DEX exchanges are appearing often as well (here's an example for 2019). After reading one of the latest articles about it, I started to think -- there's too much info and not all of it is trustworthy. Reading reviews, comparing fees... I'd like to know which DEX platform you use and how did you make a decision about it?
Could you tell if you stick to one particular platform or use several of them? What criteria did you rely on?

Idex used to be my top Dex until they Implemented KYC, Idex is kinda better and user-friendly than other Dex, also one can't be mistaken for calling it the number 1 Dex. Another Dex I also use is Ddex because it's kind of better too, although it is a bit complicated but I think with proper improvement it will be better. Then lastly forkdelta, this Dex has stood the test of time while proving to be the Dex for all ERC tokens. It is easier or use, but lacks speed. I do not stick to any of them, when the need arises I use them.

[jagaban]

It is pretty easy for me to choose a DEX because most of my assets are in ERC-20 tokens and so I can just trade easily with popular DEX like Forkdelta. Idex is another good semi-dex for trading ERC-20 tokens too. They are quite secure.

[Oneandpure]

I use forkdelta since this exchange worked very well last year and in general it is 100% decentralized, as I used idex before, but as it turned out, it is controlled by the creators, after I saw that I need to go through KYC on the exchange, I immediately He withdrew all funds from there.

Even though I still use IDEX, I was highly disappointed by the basic KYC requesting email. Nowadays the so-called decentralized exchanges do not really keep up to the name. Forkdelta is not bad but the trading volume is not impressive, and also sometimes when I see an order and want to take it, I will be promoted that the order has been taken even though it's still on the trading table. Another aspect I don't like about forkdelta is unofficial token listing with smart contract which usually lead to price drop for
some ERC20 tokens.

IDEX have limited withdrawal for participants without submit their KYC document but  I like with IDEX exchange market because many new altcoin listed there, we do not waiting for long time with new coin received from bounty campaign and airdrop project because listed on IDEX with higher volume transaction, like forkdelta and etherdelta but IDEX most official exchange market.

[landoffaucets]

I have heard that CEO of IDEX has disappeared with private keys from cold wallets, it is true? This could really happen to a decentralized exchange, or IDEX never been decentralized?

[xvids]

I only use the well known DEX or those who have been around for a long time.
I would also do some research about them and check if there are any scam accusation.
I would also look at some feed backs about the site .

[Goodvalony]

i am not a fan of the Dex exchange. Not convenient with it but i prefer binance and Idex as my preferred choice. this two are my best and most preferred use. with the current scams on exchanges, dex exchanges could be the next target. we hope such did not happen.

[cryptothreads]

It is pretty easy for me to choose a DEX because most of my assets are in ERC-20 tokens and so I can just trade easily with popular DEX like Forkdelta. Idex is another good semi-dex for trading ERC-20 tokens too. They are quite secure.

So far no decentralized exchanges have been hacked and this is what makes me feel safer when trading. In recent months, exchanges like Upbit and Binance have been attacked by hackers and have taken a huge amount of money, so centralized exchange is not recommended at this stage. I think Idex, Forkdelta, Mcafeedex will be options that investors should consider more in the near future.

However, you should also keep some assets in a cold wallet to ensure safety because this is a widely used method in this market.