LeoBTCGod
Jr. Member
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Activity: 60
Merit: 1
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June 09, 2020, 01:25:34 PM |
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The Binance "DEX" is NOT a DEX... Jesus!! I HATE people who believe Binance is running a real DEX, when it's NOT a DEX by any means! All the nodes verfiying the transactions on the network is ran and owned by Binance themselves, that's NOT decentralized at all! Have you taken a look at Blocknet? They offer TONS of pairs. More info here: https://blockdx.com/ As far as I know, Binance DEX is trustless system. Does the fact that they are verifying the transactions will impact negatively how their DEX works? Can you tell us more about what you mean? Meanwhile, will have a look at Blockdx and let you know. HOW can it be "trustless" if Binance can STOP the exchange? If they can STOP your withdrawl? If they can BAN YOUR ASS? That's not how a TRUSTLESS exchange works buddy. Do some research on this topic, and you'll be surprised. BINANCE DEX can STOP your withdrawal? this exchange..... Make fun all you want, but with Binance being in control of everything, with the nodes being the single most important thing to keep decentralized on ANY DEX, there is really no limits as to what they can do with your funds. "Trustles" my ass. Binance is just afraid of the competition, which is why they tried to STEAL Blocknets DEX source code.. Source: https://www.youtube.com/watch?v=JSCAelH_iukIt's funny how BAD Binance is, when you really dig down the mud and discover all these scandals they've made. I wonder why people still use them - Probably because you can trade with no KYC still, which will likely change at some point, which undoubtfully will BOOST the DEX volume significantly long term.
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Flux0z
Member
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Activity: 406
Merit: 10
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June 11, 2020, 06:04:05 AM |
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I see many DEX (Decentralized Exchanges) like Airswap, 1inch.exchange exchanging altcoins, but not offering BTC. Instead you should exchange first to WrappedBTC or any kind of BTC token. Why isn't possible to exchange directly to BTC or are they any DEX supporting swap to BTC directly?
Stakenet will add USDT to their Lightning Network based DEX, once USDT is implementing it on their chain, probably sooner actually. Stakenets DEX is by far the most innovative, fastest (instant trading) DEX you can find, and with their DEX Aggregator, combining multiple DEX order books together, liquidity will be plenty.
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Krabby
Sr. Member
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Activity: 644
Merit: 250
https://primedao.eth.link/#/
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June 11, 2020, 09:44:27 AM |
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I see many DEX (Decentralized Exchanges) like Airswap, 1inch.exchange exchanging altcoins, but not offering BTC. Instead you should exchange first to WrappedBTC or any kind of BTC token. Why isn't possible to exchange directly to BTC or are they any DEX supporting swap to BTC directly?
Currently, there are still many DEXs implementing BTC trading pairs with many exchanges. IDEX is one of the earliest and most well known DEXs. In addition, we have Binance DEX but it is quite limited in terms of trading pairs. these will be the DEXs you need or you can trade in CEXs, it's still easier and has a larger volume.
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shoreno
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June 11, 2020, 10:01:55 AM |
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I see many DEX (Decentralized Exchanges) like Airswap, 1inch.exchange exchanging altcoins, but not offering BTC. Instead you should exchange first to WrappedBTC or any kind of BTC token. Why isn't possible to exchange directly to BTC or are they any DEX supporting swap to BTC directly?
Currently, there are still many DEXs implementing BTC trading pairs with many exchanges. IDEX is one of the earliest and most well known DEXs. In addition, we have Binance DEX but it is quite limited in terms of trading pairs. these will be the DEXs you need or you can trade in CEXs, it's still easier and has a larger volume. btc token ? thats new to my ears . at first thought they sound like a crap coin i saw on the past because of thier names but even if we say they are legit , exchanging the coin given by op will sill make him cost more because of the fees , it also takes time . thats why he ask for a direct way to exchange his coins to btc and obviously he only wants decentralized exchange too . though he can easily do it on a cex exchange but maybe he dont prefer it because he got a bad exprience before .
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filipwx (OP)
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June 11, 2020, 07:25:34 PM |
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I see many DEX (Decentralized Exchanges) like Airswap, 1inch.exchange exchanging altcoins, but not offering BTC. Instead you should exchange first to WrappedBTC or any kind of BTC token. Why isn't possible to exchange directly to BTC or are they any DEX supporting swap to BTC directly?
Currently, there are still many DEXs implementing BTC trading pairs with many exchanges. IDEX is one of the earliest and most well known DEXs. In addition, we have Binance DEX but it is quite limited in terms of trading pairs. these will be the DEXs you need or you can trade in CEXs, it's still easier and has a larger volume. btc token ? thats new to my ears . at first thought they sound like a crap coin i saw on the past because of thier names but even if we say they are legit , exchanging the coin given by op will sill make him cost more because of the fees , it also takes time . thats why he ask for a direct way to exchange his coins to btc and obviously he only wants decentralized exchange too . though he can easily do it on a cex exchange but maybe he dont prefer it because he got a bad exprience before . exactly, but it seems for now, the only way is CEX. Anything else seems too complicated, lot of time invested etc
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posi
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June 11, 2020, 08:13:43 PM |
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The last time i checked no DEX exchange supported BTC pairs and the option you have is to use normal exchange site or trusted wallet which offer crypto swap. I see many DEX (Decentralized Exchanges) like Airswap, 1inch.exchange exchanging altcoins, but not offering BTC. Instead you should exchange first to WrappedBTC or any kind of BTC token. Why isn't possible to exchange directly to BTC or are they any DEX supporting swap to BTC directly?
Currently, there are still many DEXs implementing BTC trading pairs with many exchanges. IDEX is one of the earliest and most well known DEXs. In addition, we have Binance DEX but it is quite limited in terms of trading pairs. these will be the DEXs you need or you can trade in CEXs, it's still easier and has a larger volume. btc token ? thats new to my ears . at first thought they sound like a crap coin i saw on the past because of thier names but even if we say they are legit Yes, there are some BTC token and if you check on capital market new listing time to time it wont be new to your ears but i dont know how genuine the token cause I dont have a slightly interest in them. An example Btcshort which is currently traded on Ver exchange site.
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target
Legendary
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Activity: 2282
Merit: 1041
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June 11, 2020, 08:35:53 PM |
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In EOS DEX there is what we call tokenbridge where we can instantly swap BTC to the EOS tokens. This is quite like what is explain why there is the need for swapping because BTC confirmation takes longer than tokens on the same platform. Its faster to trade BTC/ALTCOINS on CEX since CEX does have the blockchain of BTC within it.
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bct_ail
Legendary
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Activity: 2660
Merit: 2229
https://t1p.de/6ghrf
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June 12, 2020, 08:11:29 AM |
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It's still a beta version, but Atomixdec ( https://atomicdex.io/) is a non-custodial decentralized exchange. It includes Bitcoin, all UTXO-based coins, Ether and ERC-20 tokens, Komodo and Komodo ecosystem coins. You might want to take a look at this. Although I have not heard anything negative yet, I would only use it with small amounts as long as it is a beta.
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BTCXRPADA
Newbie
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Activity: 97
Merit: 0
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June 14, 2020, 09:04:08 AM |
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I'm pretty sure that Stakenet's Lightning Network integrated DEX will have USDT enabled as one their main pairs, which is pretty cool as USDT is integrating the Lightning Network on their chain, making instant transactions possible.
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filipwx (OP)
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June 16, 2020, 09:51:55 AM |
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it just looks like we are very far from a real DEX..... We will see in the future...
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