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

[joniboini]

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.

You need to update your DEX list. Kyberswap, Uniswap, and many other DEX have caught up or even surpass IDEX and Forkdelta volume. IDEX and FD are slowly falling behind and who knows what might happen to them. Last time I remember FD is running a donation to fund the server fees and if they fail to do it again they'll probably stop running their business.

One of the cons, when you use DEX right now, is the inability to do an atomic swap or trade coins/tokens from different chains. If that can be solved, maybe we could see an increase in volume. On the other hand, no-KYC CEX with limited withdraw volume is easily found on the internet.

[maydna]

I used Idex for trading tokens than to use etherdelta or etherfork or another DEX because I have a terrible experience with that two DEX. I feel that the interface on Idex is more comfortable for me because I think that it is almost the same as I used the usual exchange like Binance, Poloniex, or Bittrex. But after I sold my tokens, I don't use DEX anymore, and I don't check my account lately. Perhaps, later if the bull run coming, I will check it, and I hope that my token price can increase higher.

[Stixex.io]

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?

I've been trading on nothing else but DEX's (Oasis, STIXEX, etc)and I am quite happy, except for the times when ETH network is overloaded and fees go through the roof. But when volatility is high, for example on Oasis,there are many profit opportunities to take advantage of due to massive price spreads, you can't do that on conventional exchanges.

[Natalim]

I have not been trading with DEX for awhile now, I was only active during the time when the market is bullish or prior to that, 2017 and before to be exact. My favorite was Etherdelata, then when the site was compromise, I shift to IDEX and I love it even more, the only problem now is there are very low volume in DEX so I'll just have to wait for another altcoins season.

[Negotiation]

I don't like doing business at Dex at all Here I find a lot of trouble and the fees are high for doing business KYC is said to be investing in most places I don't like KYC at all. Only once did I stop trading because of my dollar withholding Now I trade Etherdelta Forkdelta and Yobit It's much easier to trade here and the fees are much lower.

[alan2here]

I don't like doing business at Dex at all Here I find a lot of trouble and the fees are high for doing business KYC is said to be investing in most places I don't like KYC at all. Only once did I stop trading because of my dollar withholding Now I trade Etherdelta Forkdelta and Yobit It's much easier to trade here and the fees are much lower.

Trading in decentralized exchanges is often very easy to lose profit because the liquidity in these exchanges is very low and not many investors choose when participating.

I like to trade at centralized exchanges like Binance or Okex because these are very good exchanges and there are lots of good coins for investors. In addition, you don't need to worry about liquidity and can trade anytime you like.

[target]

Some investors like that they can sell and buy tokens on DEX that isn't listed anywhere else but on the DEX.  I personally like it on DEX because there is no KYC trading there. There are however more things to worry trading there because of less volume, its good to buy tokens from the team you trust but trading isn't gonna profitable there.

[mdzahed134]

It’s first time i heard about blocknet decentralized exchange possibly this is new platform. Becuase i have been useful with all of DEX even though i already experiencing in another new DEX McAfeeDex. Etherdelta was remarkable and it’s my favourite if i will comparing with another exchanges and i have been useful these one. No need to usd personal documents because there no KYC requirements.                    

[logfiles]

The liquidity in Decentralized Exchanges especially after the death of the ERC20 token or ICO boom is very appalling. I remember back then the Decentralized Exchange i enjoyed using most was Etherdelta. You would sell off all kinds of ERC20 shitcoins in there for some ether even before they listed it and there was always some liquidity.

After the decline of Etherdelta, i haven't used Dexs that much.

[Denamen]

Some investors like that they can sell and buy tokens on DEX that isn't listed anywhere else but on the DEX.  I personally like it on DEX because there is no KYC trading there. There are however more things to worry trading there because of less volume, its good to buy tokens from the team you trust but trading isn't gonna profitable there.

Actually trading at DEX makes me more frustrated because there is no trading volume and there are often very low liquidity at these exchanges. In the past I have used some DEXs like Idex, Forkdelta or Binance DEX but most of those projects were not profitable for me. Anyway, the appearance of DEX makes this market more interesting and I am much more secure at these exchanges than centralized exchanges.

[coingecko]

Some of our team members here are big fan of swap services especially Kyber and Uniswap.
Both market rate can be pretty good and no need to deal with transferring funds into an exchange.
Just needed to be familiar with metamask.

[Wh00re]

IDEX has been mentioned multiple times in the thread, but it's not a DEX at all. 

A real DEX doesn't require any forms of registrations, personal details. It's just a peer 2 peer network, where traders can connect and trade with each other. The fees involved typically is shared with the nodes hosting the DEX. In Blocknet's case masternodes will reap the trading fees.

[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.

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.

I would not call ForkDelt one of the best DEX exchanges due to the relatively high threshold of knowledge necessary to work with it.
As a rule on this exchange, there are big problems with liquidity, which is why newcomers can easily lose money on it.

[rathaha10]

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?

i have traded on quite some numbers of DEX and i must say the experience wasn't real that amazing. Virtually all of them literally lacks required volume, it's takes times or even days for some tokens listed on them to have a trade count. Again, virtually every Dex I've come across dosen't have the easy to use interface as with centralized exchanges that have mobile views for users to easily navigate their way around the exchange. Bottom line is if a coin i want to trade is on any decent centralized exchange, i see no reason for going to a Dex

[Utoy101]

Dex is the true exchange type that stand with the concept of cryptocurrency and blockchain of being an anonymous financial institution, for that I'd say it's a plus for them. However, I've never had an amazing experience while using Dex exchanges either as they are frustrating due to low trading volumes, low liquidity and ambigous user interface that makes it difficult for user to find their way around the exchange. I think the whole cryptocurrency market really need to push towards making Dex the number one exchange type as centralized exchange is against the whole idea of blockchain.....  Binance already set the pace for reputable exchanges to start creating Dex

[kkofor]

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.

I would not call ForkDelt one of the best DEX exchanges due to the relatively high threshold of knowledge necessary to work with it.
As a rule on this exchange, there are big problems with liquidity, which is why newcomers can easily lose money on it.

Forkdelta is still a decentralized exchange in the way of many investors because just paste the contract of that token, you can trade easily without having to spend too much time. However, not every coin has a trader and that's why I feel a bit nervous when choosing to invest here. Anyway this exchange is the first decentralized exchange that appears in this market and needs to improve on more trading volume.

[globalgaurav]

I think the whole cryptocurrency market really need to push towards making Dex the number one exchange type as centralized exchange is against the whole idea of blockchain.....  Binance already set the pace for reputable exchanges to start creating Dex

heh, very interesting.

[Mumbeeptind1963]

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?

Me too, Ive known idex for too long, since some of my coins before is listed in idex, I know IDEX because I quit using etherdelta, because it is hard to use etherdelta nowadays it took so long before I can use the website and also the volume there is not so good. I am using IDEX  by my metamask for me to be sure everything is secured.

[Mrengage]

IDEX is the most simplest exchange that have come in contact. Idex is a decentralized exchange built on the ethereum blockchain, supporting erc20 tokens . Another thing is Idex supports the trade of over 300 tokens in a peer to peer environment using smart contracts to relay transactions on the ethereum blockchain.

[Subbir]

IDEX has been mentioned multiple times in the thread, but it's not a DEX at all. 

A real DEX doesn't require any forms of registrations, personal details. It's just a peer 2 peer network, where traders can connect and trade with each other. The fees involved typically is shared with the nodes hosting the DEX. In Blocknet's case masternodes will reap the trading fees.

Yeah and that I think Dex's business is great It is often easily traded here with none hassle I traded here The fee isn't very high Still do business. Dex may be a favorite exchange on behalf of me But I do occasionally within the fork delta.