2020 - The year of true DEX adoption?

[Wh00re]

If you've been following the latest crypto news, you'll have noticed all the exchange hacks as of lately, especially in Q4 2019, we've seen some pretty brutal hacks.

It made me wonder, if 2020 truly is the YEAR of DEX's? Most decentralized exchanges today, is hardly used, but they are constantly being worked on, and made easier for the average guy to use.

Blocknet caught my attention lately, and their website: https://blockdx.com/ made me believe for the first time in a long time, that it's the future.

Anyone else feeling the same? Sure a DEX doesn't have FIAT on/off ramps, but you don't really need it, when you can trade your coins for stable coins, and use them all over the world basically.

Which DEX's do you guys recommend me to look into, and why? Not interested in: Binance, Waves, IDEX, Bisq, etc.. They aren't truly decentralized sadly, though I'm sure they are working to make them 100% decentralized.

Happy new year to everyone!

[1715246570]

1715246570

[1715246570]

1715246570

[100bitcoin]

Which DEX's do you guys recommend me to look into, and why? Not interested in: Binance, Waves, IDEX, Bisq, etc.. They aren't truly decentralized sadly, though I'm sure they are working to make them 100% decentralized.

BISQ is the true DEX for Bitcoin. For ERC20 tokens, try ForkDelta.app.

[cabron]

Which DEX's do you guys recommend me to look into, and why? Not interested in: Binance, Waves, IDEX, Bisq, etc.. They aren't truly decentralized sadly, though I'm sure they are working to make them 100% decentralized.

BISQ is the true DEX for Bitcoin. For ERC20 tokens, try ForkDelta.app.

Forkdelta isn't a decentralized exchange. They already change the meaning of decentralize, it now means it can stand without a website to deface nor an owner who can change things on it that he will one day do a mandatory KYC for all that has to withdraw ETH.  Blocknet seem to have solve it for them, this is how they solve the centralized exchanges. If you were to try right now,  you would install the blockdx.com so you can use it in the future.

[100bitcoin]

Which DEX's do you guys recommend me to look into, and why? Not interested in: Binance, Waves, IDEX, Bisq, etc.. They aren't truly decentralized sadly, though I'm sure they are working to make them 100% decentralized.

BISQ is the true DEX for Bitcoin. For ERC20 tokens, try ForkDelta.app.

Forkdelta isn't a decentralized exchange. They already change the meaning of decentralize, it now means it can stand without a website to deface nor an owner who can change things on it that he will one day do a mandatory KYC for all that has to withdraw ETH.  Blocknet seem to have solve it for them, this is how they solve the centralized exchanges. If you were to try right now,  you would install the blockdx.com so you can use it in the future.

Who is deciding listing on BlockDX? Can I trade HEX over there? It is not listed on https://blockdx.com/listings/

[Darooghe]

On the one hand, centralized Exchanges provide higher liquidity and a greater volume of trade. On the other hand, decentralized exchanges only provide the possibility of trading, without storing private information about users. Centralized cryptocurrency exchanges are being managed by one central body and have convenient interface but decentralized exchanges use blockchain technology and have inconvenient interface. Though centralized exchange model has disadvantages still it has some important advantages. Thereby, I think we have a long path to DEX adoption.

[Mighty_crypt]

All available dexs have problems and are not perfect yet if we compare to centralized exchanges, if this can change then many will move to DEX for sure, many dex users complains of bugs and confusing trading interface

[bigcash2011]

Personally i do not see such a smooth run for dexes, i am more in for atomic swaps and instant exchanges kind of platform, this kind of titles were seen at the end of 2018 as well but we have seen that dexes have not been able to get the required adoption in 2019, i may be wrong but in my opinion people just fo not like to use Dexes that is why they opt for centralized exchanges with easy to use options and attractive interface.

[Winscosinally]

Exchanges that offers insta swaps are better, e.g changelly and shapeshift, dex exchanges are still far from perfect and currently they are plague with lack of volumes, the only successful thing about DEX is better security

[Thomas-s]

I do not see anything wrong with centralized exchanges at the moment. decentralized exchanges are generally not suitable for trading. they are effective for some one-time use, just to connect and sell or buy some coins. they have very small volumes. it’s better not to study decentralized exchanges, but to properly protect your assets

[Samayuki]

For traders dex exchanges are worse, for p2p trading there is always volume issues, i think centralized exchanges will remain the best for years to come, i don't see how dex issue will get fixed any time soon.

[Leonardo7]

Dex is usually too low on liquidity, this is one major setback in DEx, more so some DeX just makes things to be over complicated for noobs, they should be as simple as possible. Some persons find it difficult to use Idex, Folkdelta, and likes. Dex should be like I connect my private wallet, and see orders on market and just trade, while executed trades just automatically enter my private wallet without necessarily making withdrawals as Ddex has this function in some part save ETH needs to be unwrapped. I prefer DEX to centralized exchanges that will wake up one day and steal all your fund and run away.

[timmmers]

I believe that finally DEX will show us the power. Look, we already have thousands of centralized exchanges, but a lot of them are not to be trusted. And also there is a problem with regulations and FATF organisation. They will push every exchange to require KYC from every customer, this will be devastating for many exchanges.

And for better adoption, we need to solve how to trade multiple types of cryptocurrencies on the decentralized exchanges.

[Nadziratel]

If you've been following the latest crypto news, you'll have noticed all the exchange hacks as of lately, especially in Q4 2019, we've seen some pretty brutal hacks.

It made me wonder, if 2020 truly is the YEAR of DEX's? Most decentralized exchanges today, is hardly used, but they are constantly being worked on, and made easier for the average guy to use.

Blocknet caught my attention lately, and their website: https://blockdx.com/ made me believe for the first time in a long time, that it's the future.

Anyone else feeling the same? Sure a DEX doesn't have FIAT on/off ramps, but you don't really need it, when you can trade your coins for stable coins, and use them all over the world basically.

Which DEX's do you guys recommend me to look into, and why? Not interested in: Binance, Waves, IDEX, Bisq, etc.. They aren't truly decentralized sadly, though I'm sure they are working to make them 100% decentralized.

Happy new year to everyone!

We don't have complete decentralized multi-coin exchange yet. Bisq is good one but it is not enough. We need a more comprehensive exchange. DEXs should be both reliable and at least as good as CEXs. And today, unfortunately, most of the exchanges named DEX are far from being DEX. Binance DEX is one of the best examples of this.

[electronicash]

a DEX would just be used if there will be a volume to it. there are plenty of these DEX starting from bitshares, WAVES paltform, etherdelta, blockdxn and to the latest we have today but all these would just be useless if we still can't find ways to pile a volume for DEX. we are all here in the forum spreading more information that its best to use dex if concern of safer funds but there are still more traders on CEX.

[Nadziratel]

a DEX would just be used if there will be a volume to it. there are plenty of these DEX starting from bitshares, WAVES paltform, etherdelta, blockdxn and to the latest we have today but all these would just be useless if we still can't find ways to pile a volume for DEX. we are all here in the forum spreading more information that its best to use dex if concern of safer funds but there are still more traders on CEX.

There are too many projects claiming to be DEX. Some of these are what you say ... But if there was already a really big DEX, the volume would have gathered somewhere.

[EdenDice]

I don't think people will come to the decentralized exchange. Exchange hacking is not a new issue, every year some of the major exchange gets hack! From Poloniex to Binance, Bithumb every year! But yet Decentralized exchange even has no such adoption or popularity. IDEX keeps migrating into Centralized, Bancor seems dead, Frokdelta seems going to shut down anytime! How can you hope by only one true decentralized, the Blocknet exchange? I have no hope for DEX in this year.

[TastyChillySauce00]

All available dexs have problems and are not perfect yet if we compare to centralized exchanges, if this can change then many will move to DEX for sure, many dex users complains of bugs and confusing trading interface

Mainly trade volume problem, people rarely put their money into dex and god knows why that's why most of DEX are lacking the users and can't develop to compete with centralized ones while those centralized exchange are having tremendous profit generated from fee alone. Other problem is kinda irrelevant if our main problem to dex is lacking users which hardly solved. Maybe, people are afraid or doesn't have clue to use dex.

[knuckey]

Indeed some DEX is available, but so far the centralized exchange remains a favorite of all trader. DEX conditions are quiet from trader, making trading volume low and sometimes buy and sell orders are not available, therefore centralized exchange is preferred.

In the case of hacking exchanges, I think it has happened since the beginning and hacking also occurs in any field, not just crypto. So if you are a trader, then don't keep assets too long in exchange, after trading and making a profit, then pull back assets into a personal wallet.

I hope that in the future DEX will be created in accordance with expectations and become a better choice than a centralized exchange.

[Kvalentine]

Lack of liquidity and good volume is what is pulling DEX back all this while, the only good thing DEX fixed is total security, no fund will ever be lost because it's total P2P trading platform

[mcnocon2]

Despite of the hacks on cetralized exchanges I still go with them, cause they are the one providing real liquidity for traders. But if some Decentralized exchanges will gdt liquidity same as centralized exchanges then I will use Dex. People will also adopt on using DEX if they see the real purpose it.