Trading on DEX's - What's your experience?

[Flux0z]

Been playing around with the Blocknet DEX lately, and it seems like the most activity is on the BLOCK/LTC trading pair. Recently seen some DIVI/BLOCK trading going on as well, but really would love to see more trading on DEX's like this as I personally love to trade without giving up my personal details.

What's your own experiences with DEX's? Which one do you like the most, etc?

[Stedsm]

IDEX had been one of my favorites, but when I experienced lots of downtimes due to maintenance, I stopped using it and other DEXs thinking that all of them used to have the same problems including; like no liquidity, no volume, not much stronger user-base, etc. I'd like to ask you if this BlockNet has some amount of traders available for some specific coins to be traded with ease? Or do they also lack orders?

[tippytoes]

IDEX had been one of my favorites, but when I experienced lots of downtimes due to maintenance, I stopped using it and other DEXs thinking that all of them used to have the same problems including; like no liquidity, no volume, not much stronger user-base, etc. I'd like to ask you if this BlockNet has some amount of traders available for some specific coins to be traded with ease? Or do they also lack orders?

I used etherdelta and IDEX before, but seems that their trading volume is really small to zero now. I haven't checked this BlockNet but I am seeing a lot here in the forum being advertised by users thru posts. Is there some kind of hype going on? Are they really users of that dex or part of the blocknet dex team and just want to promote?

[LeGaulois]

I stick with Bisq and its governance model currently. It totally fits my needs and it's all I ask for. It isn't a 'hybrid' DEX like some who claim to be. I've never heard of Blocknet and I don't know what do you call "a lot advertised here in the forum" but I've never seen it mentioned (I don't visit the Altcoins forum btw.)

I just would like to see more people using DEXs but I guess it won't happen until they realize what "taxes" mean?

[leowonderful]

I used to use DEXes like the Waves DEX and Etherdelta back when I was bounty hunting and trading altcoins actively and some coins were only listed on either Etherdelta or other smaller decentralized exchanges, but I also encountered low liquidity and thin books on most of the ones I did use back then, and I suspect those issues still remain on decentralized exchanges since I don't see much discussion on them at all anywhere.

I suspect DEX usage will probably become more commonplace as governments tighten regulations on cryptocurrencies and potentially start issuing more strict KYC requirements to exchanges, but they'll probably remain low-key for now.

[harizen]

What's your own experiences with DEX's? Which one do you like the most, etc?

I do amazed that some people are still into DEX trading even we can say today that the hype of using DEX is now decreased especially when those so-called "promising projects" got crashed on the 2018 bear market.

I personally like trading on DEXes' but since the volume of the majority of coins isn't that appealing anymore, no choice but to deal with the centralized ones.

I'm surprised that there are still coins who are pumping up and showing a decent volume where DEX as their main trading platform. I hope to see again soon the wide usage of DEX trading.

[princerepon]

Been playing around with the Blocknet DEX lately, and it seems like the most activity is on the BLOCK/LTC trading pair. Recently seen some DIVI/BLOCK trading going on as well, but really would love to see more trading on DEX's like this as I personally love to trade without giving up my personal details.

What's your own experiences with DEX's? Which one do you like the most, etc?

Not just you every trader want to trade without any kyc. I did trade couple of DEX exchange (still do) and my experience wasn't so good because lack of trade volume. Many people think this one of the biggest problem in DEX exchange which are true though. In DEX another problem is you won't find maximum time proper pair that you wanted to trade with. The main reason i like DEX because it's kyc free and in DEX you can trade with real trader. Why i said that because now days we can see that many CEX running their platform by bot/bot software which are not very generous.

[abel1337]

Been playing around with the Blocknet DEX lately, and it seems like the most activity is on the BLOCK/LTC trading pair. Recently seen some DIVI/BLOCK trading going on as well, but really would love to see more trading on DEX's like this as I personally love to trade without giving up my personal details.

What's your own experiences with DEX's? Which one do you like the most, etc?

Not just you every trader want to trade without any kyc. I did trade couple of DEX exchange (still do) and my experience wasn't so good because lack of trade volume. Many people think this one of the biggest problem in DEX exchange which are true though. In DEX another problem is you won't find maximum time proper pair that you wanted to trade with. The main reason i like DEX because it's kyc free and in DEX you can trade with real trader. Why i said that because now days we can see that many CEX running their platform by bot/bot software which are not very generous.

Trading without submitting KYC and trading using your own key without being unconcerned about your security and fully control what goes on in your wallet is the main advantage of trading into DEX exchange is the main positive things you can get, But sometimes lack of volume makes it bad to trading into DEX exchange, I traded into a DEX exchange before and the reason I stop trading there is the volume, Most of the traders trade on a custodial exchange because some custodial exchange got a good reputation in it and it is way farther comfortable trading in it, to be honest.

[GreatArkansas]

(....)
What's your own experiences with DEX's? Which one do you like the most, etc?

About the Decentralized Exchanges (DEX). For my experience, I only just tried before using some ERC20 DEXs. I think it was on EtherDelta before when bull run 2017-2018, the rice of ERC20 ICOs before and a lot of people using those kinds of Decentralized Exchange where it is good since you will just import your wallet in the exchange and you can do whatever you want, no one will able to get or take over your account since you are using your own wallet to trade there.

[pakhitheboss]

Been playing around with the Blocknet DEX lately, and it seems like the most activity is on the BLOCK/LTC trading pair. Recently seen some DIVI/BLOCK trading going on as well, but really would love to see more trading on DEX's like this as I personally love to trade without giving up my personal details.

What's your own experiences with DEX's? Which one do you like the most, etc?

The best thing about using a DEX is no registration. My first DEX experience was on IDEX but as soon as they started acting like a centralized exchange I stopped using it. I mean why would a DEX need registration.

I then shifted to Binance DEX, liked it but there is zero volume on almost all the pairs now therefore stopped using it too. At the moment not using any DEX.

[jhonjhon]

DEX exchange is what we usually used before but crypto development continues and finds some project developers created CEX.  
Etherdelta is the first exchange I'd use and I don't have a complaint about it even HitBTC. The price is really low compared to the others but glad to see that almost all coins either old or new are listed directly on their site. It was impressive to look by. But we are looking at certain exchanges that offer a good price and might CEX exchange could make it possible.

[LeGaulois]

@OP

Now I got it and I know what you're doing on the forum

I didn't know this DEX but you can be sure I will never use it, I'm not interested to use a service so desperate to use a spamming method like yours to create false hype.

By the way, I'm going to report your alt account doing the same. It's the start of your punishment

[beerlover]

I have only traded on binance dex once and it felt nothing like dex, it felt like a regular exchange, if I didn't know the difference and didn't know it was dex, I could swear it was a regular exchange like any other. I suppose when people get used to it, it is not really all that different, you could simply just act as if it is centralized if you really want to trade there or you can feel like dex is giving you more power.

However I do not even believe that binance has a true dex, theirs is basically a dex until they decide it is not and that is not something I would want to give power to anyone, a dex based on a chain that is risky is never the solution a true dex should be on ethereum because its big enough to not get under control of one person.

[royalfestus]

Been playing around with the Blocknet DEX lately, and it seems like the most activity is on the BLOCK/LTC trading pair. Recently seen some DIVI/BLOCK trading going on as well, but really would love to see more trading on DEX's like this as I personally love to trade without giving up my personal details.

What's your own experiences with DEX's? Which one do you like the most, etc?

The best thing about using a DEX is no registration. My first DEX experience was on IDEX but as soon as they started acting like a centralized exchange I stopped using it. I mean why would a DEX need registration.

I then shifted to Binance DEX, liked it but there is zero volume on almost all the pairs now therefore stopped using it too. At the moment not using any DEX.

I share the same experience with IDEX and left when registration started, also left etherdelta and Forkdelta a long time ago, etherdelta after the hack and forkdelta got unhealthy to me. Other DEX do not have the same volume like in the ERC20. DEX had been safe with records but new exchanges dont get as many listed new token that can engage trade.

[rexxarofmoknathal]

Been playing around with the Blocknet DEX lately, and it seems like the most activity is on the BLOCK/LTC trading pair. Recently seen some DIVI/BLOCK trading going on as well, but really would love to see more trading on DEX's like this as I personally love to trade without giving up my personal details.

What's your own experiences with DEX's? Which one do you like the most, etc?

The best thing about using a DEX is no registration. My first DEX experience was on IDEX but as soon as they started acting like a centralized exchange I stopped using it. I mean why would a DEX need registration.

I then shifted to Binance DEX, liked it but there is zero volume on almost all the pairs now therefore stopped using it too. At the moment not using any DEX.

I share the same experience with IDEX and left when registration started, also left etherdelta and Forkdelta a long time ago, etherdelta after the hack and forkdelta got unhealthy to me. Other DEX do not have the same volume like in the ERC20. DEX had been safe with records but new exchanges dont get as many listed new token that can engage trade.

Same here, have't really gone through with IDEX, mainly because they were slow at responding and I left it in the end. I know though that their volume is something many people aren't happy about and because of that it seems like it lost quite a few of its customers. For my trades I just rely on the exchanges that more or less everyone uses

[spike420211]

Decentralized exchanges have their own specific features. Such as transaction speed, order execution time, but the main problem is liquidity.
If you decide to trade on such an exchange, choose the best.

IDEX, by the way, is a hybrid exchange and closer to centralization.

[cabron]

Newdex is also interesting but this is for someone who is an EOS fan. I don't follow much of the tokens there but NDX is a good token to trade because its cheap. For someone new to trading, I guess playing around with its indicators. If EOS is going to touch its all time high again, the tokens they have might also be a good invest.

[Kelvinid]

Newdex is also interesting but this is for someone who is an EOS fan. I don't follow much of the tokens there but NDX is a good token to trade because its cheap. For someone new to trading, I guess playing around with its indicators. If EOS is going to touch its all time high again, the tokens they have might also be a good invest.

DEX exchange especially new platform remains to a low market volume, this means that it is far away for the market competition against the giant trading exchanges which is mostly are centralized exchanges. That is why many traders ignored DEX because of that certain thing and to think about how could this help traders to become profitable and that volume will be a big factor to choose by.

BTW, I'm so thankful also with the DEX for giving me a chance to learn in trading but the situation may harsh and having them forever never works so well that is why we need to find another one that could make it better and have a better result.

[Quidat]

Been playing around with the Blocknet DEX lately, and it seems like the most activity is on the BLOCK/LTC trading pair. Recently seen some DIVI/BLOCK trading going on as well, but really would love to see more trading on DEX's like this as I personally love to trade without giving up my personal details.

What's your own experiences with DEX's? Which one do you like the most, etc?

You can try;

Bisq
Forkdelta

But expect that the volume wont really be similar to CEX and this i the thing i dont like when dealing with dex and most people do know such thing.
Why? because they dont have fiat pairs and thats one of the reason why people do still end up on using centralized ones. Yeah we like dex
but we cant deny that there are features that we do need that we cant see into this place.

[cryptothreads]

Decentralized exchanges have their own specific features. Such as transaction speed, order execution time, but the main problem is liquidity.
If you decide to trade on such an exchange, choose the best.

IDEX, by the way, is a hybrid exchange and closer to centralization.

Most decentralized exchanges do not have good liquidity and this is the main reason why investors are not interested in investing. In addition, trading at DEX only made me fail more so now I only use DEX when there is a need.

Of course, you should only join some decentralized exchanges like Idex, Forkdelta or Binance Dex because these are the 3 best DEX exchanges in this market.