Trading on exchanges inside your very own wallet

[Refrumatrix]

If traders and holders can trade on Exchange in their wallet that they own the private keys it will reduce exchange hacks, I'm not talking about dex because this idea is better than DEX, I know some wallets like coinomi and atomic support insta swap using external platforms like shapeshift or uniswap kinda but just think about it

This is something I'm looking forward to, while many might think it's impossible I think it's damn possible, what do you think

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[bittick]

I think that this already exists and have you seen eidoo apps wallet? that was also creating the exchange site inside the wallet and the users can trade in the wallet too. I have been using it since last year.

[ampere]

If traders and holders can trade on Exchange in their wallet that they own the private keys it will reduce exchange hacks, I'm not talking about dex because this idea is better than DEX, I know some wallets like coinomi and atomic support insta swap using external platforms like shapeshift or uniswap kinda but just think about it

This is something I'm looking forward to, while many might think it's impossible I think it's damn possible, what do you think

It is no different from dex, as you pay up the trade fee and also the charges involved.
I don't know about uniswap or shapeshifts, but coinomi wallet trading is a complicated type.

The best so far is the trust wallet dex, it might not contain every trade pairs; but the few trade pairs it has you have an opportunity to trade it seamlessly and beautifully.

This is not an advert or promotion for trust wallet, do your own research and choose the best for you

[Ceyflix-Rez]

There is a rumour that you can use binance dex to trade inside trust wallet through API thing like that, I haven't tried it out since binance dex isn't big yet and I don't have any token to trade on binance dex yet but I do use trust wallet, i don't bother checking the Dex thing out

[tabas]

If traders and holders can trade on Exchange in their wallet that they own the private keys it will reduce exchange hacks, I'm not talking about dex because this idea is better than DEX, I know some wallets like coinomi and atomic support insta swap using external platforms like shapeshift or uniswap kinda but just think about it

This is something I'm looking forward to, while many might think it's impossible I think it's damn possible, what do you think

It's a good idea and some wallets might adopt this feature. I think it will be a big competition that wallets in the future will include this as a part of the requirement or another extended feature.
You don't actually have to register and you can easily swap or exchange within your wallet.

[Mianae]

Hacks will still occur. As there's a shift to a more enhanced level of security, the hackers are also advancing their skills to bypass the security shift and as such I wish to say that even if there's an exchange functioning like Uniswap and Atomic swap, they will always be hacks on individual wallets. Everyone should learn to stay safe.

[CryptoWorld87]

If traders and holders can trade on Exchange in their wallet that they own the private keys it will reduce exchange hacks, I'm not talking about dex because this idea is better than DEX, I know some wallets like coinomi and atomic support insta swap using external platforms like shapeshift or uniswap kinda but just think about it

This is something I'm looking forward to, while many might think it's impossible I think it's damn possible, what do you think

This is really good idea and it is more safer than any other exchanger that centralized our tokens and coins before we can trade it to other tokens. I think DEX is already like this but most of the people want to trade with some huge coins like bitcoin, ethereum and some big name coins. In DEX you can only choose a small pair of tokens but you can not trade coins inside. Looking forward to that idea too in the future.

I think that this already exists and have you seen eidoo apps wallet? that was also creating the exchange site inside the wallet and the users can trade in the wallet too. I have been using it since last year.

I never heard of this wallet before i will check this at least we don't need to move our fund to any exchanger of we can only trade inside our wallet platform. 

[semobo]

If traders and holders can trade on Exchange in their wallet that they own the private keys it will reduce exchange hacks, I'm not talking about dex because this idea is better than DEX, I know some wallets like coinomi and atomic support insta swap using external platforms like shapeshift or uniswap kinda but just think about it

This is something I'm looking forward to, while many might think it's impossible I think it's damn possible, what do you think

You need to understand how these exchanges are happening, it is not happening inside your wallet its like sending the coins to shapeshift and receiving another coin which will reduce the hack but its not possible for everyone to trade in that manner because there is huge difference in the price value and also high transaction fee.

[Yudhisthir]

If traders and holders can trade on Exchange in their wallet that they own the private keys it will reduce exchange hacks, I'm not talking about dex because this idea is better than DEX, I know some wallets like coinomi and atomic support insta swap using external platforms like shapeshift or uniswap kinda but just think about it

This is something I'm looking forward to, while many might think it's impossible I think it's damn possible, what do you think

The wallets are using centralized exchanges to make the exchange happen and they take the rates involved. They are just automating the task which you could have personally done. Implementing the same with DEX would be cheaper but there are still no good cross platform solutions.
Most of the wallet that provide you your private key and choice of tx fees are non profit project or an open source project. If a wallet need to do that, they should also be an exchange.

[Rodeo02]

Hacks will still occur. As there's a shift to a more enhanced level of security, the hackers are also advancing their skills to bypass the security shift and as such I wish to say that even if there's an exchange functioning like Uniswap and Atomic swap, they will always be hacks on individual wallets. Everyone should learn to stay safe.

Hackers will always find a way to hack people's account even how we tHink how secured the exchange is.

It's a good idea but there are also possible breach like when its transferring to other wallet how exchange can secured that no one Wil be hacked the moment they transfer the funds and exchange to other currency. Many trials needed before launching it to public if someone plan to create that kind of exchange.

[erep]

Trading on the wallet market itself has a limited exchange and usually only listed top coins. If you are worried about hacking the wallet, then use the metamask because it has been integrated with several DEX exchanges.

[Ucy]

What makes it better than real decentralized exchange if it's centralized? I would be careful with such exchanges if it's not transparent, safe/secure, immutable, trustless/permissionless, privacy-friendly, censorship resistant, decentralized and consensus driven. Community consensus matters alot too otherwise nothing stops the owners from making secret harmful/harmless changes whenever they want.
By the way, what you described can be done very well & efficiently with decentralized exchange.

[cabron]

EIDOO is one of the projects that has the hybrid exchange which like you said is a non-custodial exchange. This is why EIDOO token skyrockets too and this is because bitcoin users right now is concern more of the security and privacy. This kind of exchanges doesn't ask for KYC as well which is good for anyone concern of privacy.

[Eco_111]

EIDOO is one of the projects that has the hybrid exchange which like you said is a non-custodial exchange. This is why EIDOO token skyrockets too and this is because bitcoin users right now is concern more of the security and privacy. This kind of exchanges doesn't ask for KYC as well which is good for anyone concern of privacy.

I've never used EIDOO wallet before but if this is true then congratulations to the wallet team, that use case is very rare, most wallet like trust wallet or coinomi only swap coins and tokens which sometimes ends up pretty bad but trading inside your wallet? That's new my friend.

Also Luno wallet supports in trade in their wallet since Luno is an exchange on its own but it works like coinbase which means you have no access to your private keys.

[cabron]

EIDOO is one of the projects that has the hybrid exchange which like you said is a non-custodial exchange. This is why EIDOO token skyrockets too and this is because bitcoin users right now is concern more of the security and privacy. This kind of exchanges doesn't ask for KYC as well which is good for anyone concern of privacy.

I've never used EIDOO wallet before but if this is true then congratulations to the wallet team, that use case is very rare, most wallet like trust wallet or coinomi only swap coins and tokens which sometimes ends up pretty bad but trading inside your wallet? That's new my friend.

Also Luno wallet supports in trade in their wallet since Luno is an exchange on its own but it works like coinbase which means you have no access to your private keys.

There are many similar projects like this not just sitting on the Ethereum platform like Luno but also in EOS and TRON. One that I have in mind particularly is the Volentix Ecosystem that has a wallet called VERTO with also a hybrid decentralized exchange within it.  Not a very popular project but they started last year as far as I know and only listed on few exchanges https://www.volentix.io/

[adzino]

If traders and holders can trade on Exchange in their wallet that they own the private keys it will reduce exchange hacks, I'm not talking about dex because this idea is better than DEX, I know some wallets like coinomi and atomic support insta swap using external platforms like shapeshift or uniswap kinda but just think about it

This is something I'm looking forward to, while many might think it's impossible I think it's damn possible, what do you think

No matter what way you use, hackers will always find out alternative path to breach everything. Don't trust any exchange saying that they are 100% secured.
That is why, as soon as you are done trading, move your funds to your own secured wallet! Don't keep it anywhere near an exchange or a wallet that is connect to the exchange.

[Febo]

If traders and holders can trade on Exchange in their wallet that they own the private keys it will reduce exchange hacks, I'm not talking about dex because this idea is better than DEX, I know some wallets like coinomi and atomic support insta swap using external platforms like shapeshift or uniswap kinda but just think about it

This is something I'm looking forward to, while many might think it's impossible I think it's damn possible, what do you think

DEX is always better.  Insta exchanges are centralised. Exchange have Bitcoin for you to exchange for Monero.  In DEX 2 random persons exchange Monero for Bitcoin. No centralised figure.

[Convery]

Well, atomic swaps, but personally I think that many people do not use it. Probably maybe they want protect themselves against pairing two diffrent altcoin´s holdings together?

[agf]

Hacks will still occur. As there's a shift to a more enhanced level of security, the hackers are also advancing their skills to bypass the security shift and as such I wish to say that even if there's an exchange functioning like Uniswap and Atomic swap, they will always be hacks on individual wallets. Everyone should learn to stay safe.

I agree, and if this became a prominent thing then large balance wallets would be constantly attacked and hacked, which would reduce customer confidence unless much higher security is put in place. It's a brave new world, but the risks are higher.

[posi]

If traders and holders can trade on Exchange in their wallet that they own the private keys it will reduce exchange hacks, I'm not talking about dex because this idea is better than DEX, I know some wallets like coinomi and atomic support insta swap using external platforms like shapeshift or uniswap kinda but just think about it

This is something I'm looking forward to, while many might think it's impossible I think it's damn possible, what do you think

I love your opinion but i dont see an exchange operating in that pattern except the DEX exchange and the coinomi, atomic etc mostly pattern with swap exchange provider like uniswap and there security level is not concrete but it will be nice if we have an exchsnge site which will allow it users to use their personal wallet or be the holder of wallet private informations.