How do you choose DEX? How to avoid scam?

[r_delossa]

I was always trading on IDEX, because as far as I know, it was one of the best decentralised exchanges and it worked awesomely. But now they have integrated KYC process, which makes me to change again to Forkdelta.

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[Flux0z]

Big fan of the Blocknet DEX here.

Below is some of the most popular DEX's compared to Blocknet's DEX. You could argue that Blocknet lacks in volume though, which is totally true, but we need more volume on all DEX's for them to be worth trading on IMHO.

[Teraboy]

Big fan of the Blocknet DEX here.

Below is some of the most popular DEX's compared to Blocknet's DEX. You could argue that Blocknet lacks in volume though, which is totally true, but we need more volume on all DEX's for them to be worth trading on IMHO.

I just wanna say if that chart has already created by blocknet and it can't be called that if the chart will be 100% authentic. I personally think about if there will be a result from 3rd party about which is the best dex in this year and that will be much better and reliable. I doubt if that chart created to shilling blocknet only.

[JeffBrad12]

Big fan of the Blocknet DEX here.

Below is some of the most popular DEX's compared to Blocknet's DEX. You could argue that Blocknet lacks in volume though, which is totally true, but we need more volume on all DEX's for them to be worth trading on IMHO.

Made me chuckle a bit haha, it is true though that no mattet how best the DEX is the problem still remain they are lacking the volume to work properly as an exchange which should provide liquidation even not only Blocknet’s DEX but many of DEX aswell even Binance DEX which is far behind compared toits conventional exchange. I’d just use the most reliable dex since long wgo which is Etherdelta but only ERC20 token and the rest of coin I will use Binance DEX although it is not a true DEX but atleast it is safe alright.

[Questat]

Personally I don't use a lot of DEX since most of them has a very little volume, its not good for active trading unless there's always an opportunity to buy tokens with the cheapest value that I see has potential.

Some of the DEX I've used in the past that I don't encounter any problems are the following.

1) IDEX
2) Forkdelta
3) Etherdelta
4) Waves DEX

not sure about the other exchange listed in the link you provided.

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 -

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maybe the altcoins season will come back again, the volume of these exchanges will rise but if I can trade in one exchange I would prefer to just stay to minimize the risk.

[jcarlo]

1. BinanceDex - the name of the exchange speaks for itself. But in reality this is not a true dex.
2. EtherDelta / ForkDelta - old proven exchangers. There was never a problem with them. True Dex. Only Ethereum tokens.
3. Idex - also never have problem with this exchange. It's not true Dex. Now KYC verification nedeed.
4. Komodo AtomicDex (betha now).

All of the DEXs that you mentioned are DEX that has been trusted and is used by many people to transact. BinanceDEX may be new but seeing the value of transactions that continue to increase, I think BinanceDex will be able to become the largest DEX, moreover many projects that already use BNB blockchain to be traded on Binance Dex

[efxtrader]

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 is a decentralized exchanger that I often use. Aside from trading lots of tokens, I think transactions on IDEX have been safe and there are no significant security breaches. There are indeed a number of new DEX exchangers emerging, but I think only a small number will survive

[huu78]

I usually use binance DEX because often follow their events like AMA, I also use IDEX used to be when many ICO era talked about the Crypto community.
And the Etherdelta I often use the ERC20 coin time appears every day and I sell it there. FEE offered quite a lot if in Etherdelta so I chose the binance DEX which has a little fee.

[Bitbtc8]

I still see no reason why many are talking big about dex exchanges, they are not that good compared to centralized exchanges, they have lesser trading volume and liquidity as well, if dex can one day have the highest trading volume and liquidity then crypto world will be safe from losing funds

[Ferris419]

IDEX is the best-decentralized exchange, though I don't like it after applying the KYC system. To me, the best-decentralized exchange is Etherdelta/Forkdelta! Easy and convenient and a true DEX. Others DEX like tokenstore, Tokenjar, Bancor are not good enough at this time! You can see many more DEX has come this year like Binance DEX, Kickex, Vitelabs Dex and so on, but they are not a true DEX, and mot also a true CEX!

[Drai]

To be honest, as much as I am a fan of blockchain and decentralisation, I do not care much about decentralised exchanges, if we can remember the Etherdelta decentralised exchange and what happened before it was forked to forkdelta, we can see that the security is not 100% guaranteed anyways, while centralised exchange has it's downsides, in my opinion the upsides outweighs them, recently the biggest decentralised exchange introduced KYC to it's users and that pretty much killed the little love I had for it.

[oktana]

To be honest, as much as I am a fan of blockchain and decentralisation, I do not care much about decentralised exchanges, if we can remember the Etherdelta decentralised exchange and what happened before it was forked to forkdelta, we can see that the security is not 100% guaranteed anyways, while centralised exchange has it's downsides, in my opinion the upsides outweighs them, recently the biggest decentralised exchange introduced KYC to it's users and that pretty much killed the little love I had for it.

etherdelta once had a security problem, but fokrdelta didn't have the same important issue until now. The use of Dex is based more on transactions and many do not use it as a place to store large assets. If you are in doubt there is still a ledger option for your security beliefs. In the meantime, Dex is the best bridge to accommodate many altcoins that cannot penetrate larger exchanges.

[Menawi12]

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?

For DEX exchangers, in my opinion the easiest and most safe to use are IDEX and DEX Binance. Binance DEX is a new exchanger but already has large transactions and has attracted many projects to use the BNB network.

[Doranile432]

For crypto trading safety guarantee dex is the answer but for good trading volume Cex still standing tall in this area, the choice is yours to make, if you feel uncomfortable with keeping funds on centralized exchanges then get used to dex

[Serco]

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?

For DEX exchangers, in my opinion the easiest and most safe to use are IDEX and DEX Binance. Binance DEX is a new exchanger but already has large transactions and has attracted many projects to use the BNB network.

that is good choice for trading token in ethereum platform or coins in binance platform.this dex exchanges provide good trading volume and maybe both of them was the best at this moment.if compared with other dex exchanges maybe i am prefer use idex,binance dex at this moment has no competitor yet so jts still the best now for trading coins in binance chain.

[ivan1975]

The main issue is that Etherdelta/Forkdelta allows to trade only tokens on the ethereum blockchain, Binance Dex allows to trade only tokens on Binance Chain.
At the same time AtomicDex allows to exchange coins and tokens between various blockchains like BTC, LTC, ETH, DASH, RVN, ZEC...

[ned.ryerson]

The main issue is that Etherdelta/Forkdelta allows to trade only tokens on the ethereum blockchain, Binance Dex allows to trade only tokens on Binance Chain.
At the same time AtomicDex allows to exchange coins and tokens between various blockchains like BTC, LTC, ETH, DASH, RVN, ZEC...

the confrontation between many decentralized exchanges is only just beginning. I think that very soon we will see some kind of exchange that will be universal and most convenient to use

[ATSgrowth]

It depends on the coin or token what you would like to trade. For example you can´t trade diffrent coin than ETH and ERC-20 token on IDEX because IDEX is based on Ethereum smartcontract.
And if the exchange is truly decentralized than there is no way how to become scammed.

[Flux0z]

Big fan of the Blocknet DEX here.

Below is some of the most popular DEX's compared to Blocknet's DEX. You could argue that Blocknet lacks in volume though, which is totally true, but we need more volume on all DEX's for them to be worth trading on IMHO.

Made me chuckle a bit haha, it is true though that no mattet how best the DEX is the problem still remain they are lacking the volume to work properly as an exchange which should provide liquidation even not only Blocknet’s DEX but many of DEX aswell even Binance DEX which is far behind compared toits conventional exchange. I’d just use the most reliable dex since long wgo which is Etherdelta but only ERC20 token and the rest of coin I will use Binance DEX although it is not a true DEX but atleast it is safe alright.

You can "chuckle" all you want. It's true that most DEX's right now lacks liquidity and volume, but I think you're forgetting, that we're in a huge bear market still. Once the bull run returns, and a HUUUGE number of people returns, there is no doubt in my mind, that we will see a LOT of people using these DEX's. Especially those who wants to stay anonymous, and want to hide their trading histories from the tax man.

If DEX's had enough volume and liquididy already, Blocknet and a few other DEX projects would already be evaluated at 10x - 100x their current marketcap, hence why it's interesting to speculate on the price NOW, where these DEX's aint that popular yet.

Same logic as saying "Naah, man.. Binance is a SHIT exchange, Cryptopia and Yobit has better volume, so not buying this crap token BNB at $0,10"

[aramine]

If DEX can handle the issue of scalability and volume, DEX would have been better than CEXs which are centralized exchange. The only DEX I do use once in a while is forkdelta which I do use to buy some Ethereum token before they list them on centralized exchanges.