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Author Topic: Best DEX for trading?  (Read 270 times)
Marckolind
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December 11, 2020, 06:21:34 AM
 #21

The best DEX exchange which I prefer ahead of others is IDEX.
IDEX is a non-custodial exchange that integrates with any custody answer and permits customers to exchange with each other with out giving up manage to a third party custodian. IDEX is particular as compared to different DEXs in that it employs a hybrid model, wherein the bulk of the change is operated with the aid of using IDEX, and the blockchain is simplest applied for custody and settlement. This permits them to remedy a number of the UX problems that exist in extra decentralized models, consisting of such things as front-strolling and on-chain order collisions. And no VPN use for trading.

A "hybrid" isn't decentralized, get your facts straight, lol.

Uniswap is without a doubt the most used DEX out there, unfortunately it has it's limitations, which thankfully Blocknet is trying to solve on their own DEX.

Here's a great read explaining the key differences between the two: https://cointelegraph.com/news/decentralized-exchange-vows-to-remove-defis-limitations
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December 11, 2020, 08:12:38 AM
 #22

I rarely use DEX for trading, besides the number of coins available is not as much as CEX. Not available fiat pairing is another reason
I rarely use DEX. But from some of the DEX that I've used, it is true that Uniswap is the best for trading. Because Uniswap has quite
a lot of coins options around 300 coins that can be used for trading, and also Uniswap's reputation is quite good. As long as I use Uniswap
I have never experienced any problems, but must be careful trading at Uniswap. because there are many project scams at Uniswap.

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December 11, 2020, 09:36:15 AM
 #23

I rarely use DEX for trading, besides the number of coins available is not as much as CEX. Not available fiat pairing is another reason
I rarely use DEX. But from some of the DEX that I've used, it is true that Uniswap is the best for trading. Because Uniswap has quite
a lot of coins options around 300 coins that can be used for trading, and also Uniswap's reputation is quite good. As long as I use Uniswap
I have never experienced any problems, but must be careful trading at Uniswap. because there are many project scams at Uniswap.
As of now uniswap is quite user friendly and has listed more number of cryptocurrencies for the purpose of trading. Any level of cryptocurrency user can make use of uniswap exchange. DEX does the same, but the usage is very low because of liquidity and trust issues. More services same as uniswap has been getting developed. Earlier the focus was towards DEX and now it has turned towards Uniswap.

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December 11, 2020, 02:21:11 PM
 #24

I look forward to these numbers will performing at a high level and of huge market volume. It can't deny that UNISwap getting into hypes because most bounty hunters and investors are using this platform in order to swap their token instantly into Ethereum.

But as I look into some decentralized exchanges, only a few of them show such competitive trading volume but most of them are still at a low volume. By seeing their liquidity, trading volume, and trading pairs help us decide which one is best for trading.

Full list of DEX 2020


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Cryptoababe
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December 11, 2020, 02:41:22 PM
 #25

What's the best DEX for trading out there? Seeing all these centralized exchanges being taken down scares the shit out of me.
https://www.reddit.com/r/CryptoCurrency/comments/jnorzr/bitmex_okex_kucoin_scandals_highlight_the_need/

Uniswap is the most popular but only supports ETH tokens.

Blocknet is integrating their DEX into their multi currency wallet: Xlitewallet.com - However its still in beta, altough it looks promising.

Which DEX's do you guys use for trading, and do you use a VPN when doing so? I'd love to know!

The only DEX I've been using so far is Uniswap. And it will definitely be the best for me. I've only been trading Ethereum token so far.
Also, I don't think Vpn is needed to access any DEX.
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December 11, 2020, 07:29:32 PM
 #26

What's the best DEX for trading out there? Seeing all these centralized exchanges being taken down scares the shit out of me.
https://www.reddit.com/r/CryptoCurrency/comments/jnorzr/bitmex_okex_kucoin_scandals_highlight_the_need/

Uniswap is the most popular but only supports ETH tokens.

Blocknet is integrating their DEX into their multi currency wallet: Xlitewallet.com - However its still in beta, altough it looks promising.

Which DEX's do you guys use for trading, and do you use a VPN when doing so? I'd love to know!

The only DEX I've been using so far is Uniswap. And it will definitely be the best for me. I've only been trading Ethereum token so far.
I'm not surprised that alot of people we consider Uniswap as their favorite DEX ever since they launched their UNI airdrop but if we ignore the airdrops and consider others benefits (in terms of fee etc) Binance dex, Kyber are still better than uniswap.

Also, I don't think Vpn is needed to access any DEX.
When privacy is top priority it always good to use a VPN for every DEX.

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December 11, 2020, 08:56:56 PM
 #27

What's the best DEX for trading out there? Seeing all these centralized exchanges being taken down scares the shit out of me.
https://www.reddit.com/r/CryptoCurrency/comments/jnorzr/bitmex_okex_kucoin_scandals_highlight_the_need/

Uniswap is the most popular but only supports ETH tokens.

Blocknet is integrating their DEX into their multi currency wallet: Xlitewallet.com - However its still in beta, altough it looks promising.

Which DEX's do you guys use for trading, and do you use a VPN when doing so? I'd love to know!

https://uniswap.org/
https://exchange.sushiswapclassic.org/
https://tokenlon.im/instant
https://matcha.xyz/

Having only an experience with sushi and uniswap and the other two i havent land a foot on this platform
but basing of on CMC's daily volume and ranking then i presume these are also a better place.

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December 11, 2020, 09:13:51 PM
 #28

Well, all OP's questions are can be found in the Coinmarketcap [CMC], --just research there the DEX exchange [ https://coinmarketcap.com/rankings/exchanges/dex/ ] and you will found Uniswap v2 which is in the top of all DEX exchanges. The reason why people keep using centralized exchange than the DEX ais just because of the liquidity of exchange has, DEXs does not have that feature, it perhaps take time for your order to be filled. Alternatively, Binance dex is also a good choice.









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December 11, 2020, 10:41:18 PM
 #29

Well, all OP's questions are can be found in the Coinmarketcap [CMC], --just research there the DEX exchange [ https://coinmarketcap.com/rankings/exchanges/dex/ ] and you will found Uniswap v2 which is in the top of all DEX exchanges. The reason why people keep using centralized exchange than the DEX ais just because of the liquidity of exchange has, DEXs does not have that feature, it perhaps take time for your order to be filled. Alternatively, Binance dex is also a good choice.
Many traders accused that Binance Dex is not totally decentralized.

Buterin: Binance DEX Should Be Criticized for Centralization, Not ETH

https://medium.com/@oscarguindzberg/binance-dex-is-not-really-decentralized-639aef003e07

Well, I'm not sure how this being change since knowing that Binance DEx is a decentralized platform and many traders believe in it.
Anyway, that's their take, and this might because of the market competition and tactics of ruining others just to win. Perhaps right, liquidity matters most when choosing an exchange.





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December 11, 2020, 11:31:05 PM
 #30


Uniswap is the most popular but only supports ETH tokens.

How many DEX are multiple blockchain? if there is, kindly name them
Vitex is a dex that was supporting various blockchain. It's a cross-blockchain platform too. I have been using it to trade and you can trade various asset without the need to convert your coin into another asset.
You can trade the original asset on that dex. Uniswap is only supporting for ether but vitex has been supporting so many blockchains.

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December 11, 2020, 11:32:16 PM
 #31

You can check on the in order to get the lists of the best DEX Exchanges for trading.
At least, we need to know about the trading volume of the DEX. Actually, at first, I prefer only Binance Dex. But it is also important seeing the volume, I think that there is still much better or greater time to see other DEX exchanges.

Which DEX's do you guys use for trading, and do you use a VPN when doing so? I'd love to know!
I think that using a VPN is a good idea. Commonly yes, but sometimes not. Depending on the exchanges. I personally love exchange without any data requirement and they are not banned in my country.


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December 12, 2020, 05:29:31 AM
 #32

Metamask. I understand that many people think that you have to pick one dex but I do not see the point of it, the uniswaps and likes of the market are not really a must, nobody needs to make that type of choice, you can literally do your trades based on your token, if the token you want to trade is valued higher in one place go use that, if the other one you want to trade is somewhere else go do that, there is no reason why you should just pick one and go with that for every single trade.

That is why I use metamask for swaps, whatever place gives me better quote for my token I want to get rid of, metamask finds it and offers it to me, usually with a lot of fee but at least they offer me something, hopefully one day I will move into tokens with more liquidity so it would be cheaper.
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December 12, 2020, 06:26:52 PM
 #33

UNISWAP obviously, definitely not Blocknet, I know you're balls deep in that shitcoin OP, nice try at some subtle shilling though..."Best dex for trading"  Grin Grin Grin
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December 14, 2020, 05:03:26 PM
 #34

As long as I use Uniswap
I have never experienced any problems, but must be careful trading at Uniswap. because there are many project scams at Uniswap.

There are lots of distractions in the market and since the dex aren't regulated or let say 'be questioned' when certain development are notice, any kind of project can get themselves listed on the exchange including those that are obvious scam and ponzi in operation yet nothing can be done about that. The annoying thing is the scammy project are always the most attractive and if you're not careful you'll end up investing in them which will result to huge lost when they (the developers) decide to exit scam.

Dex currently don't have any Best, they all have have specific areas there are good at. If you're looking for liquidity you should go for uniswap although that doesn't mean they're the best overall when dex are mentioned. To some extent I think they're just been over hyped as a result is f the boost defi gave them and soon the hypes will die down then they lose liquidity which is already occurring.

I see mentions of BinanceDex and Idex, well none of them can be called the best, they aren't even decentralized exchange, they're just disguise and shouldn't be patronize. If you're interested in using a centralized exchange do that directly with a more secure one.

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December 14, 2020, 10:40:59 PM
 #35

Uniswap and Sushiswap are the best.
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December 14, 2020, 11:55:51 PM
 #36

Best Dex for trading is currently still held by Uniswap,
because you can see that the volume at Uniswap is very large,
a few months ago Uniswap also became one of the best DEXs on the top exchange list.

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December 14, 2020, 11:56:45 PM
 #37

UNISWAP obviously, definitely not Blocknet, I know you're balls deep in that shitcoin OP, nice try at some subtle shilling though..."Best dex for trading"  Grin Grin Grin

Just promoting blocknet. Uniswap right now is enjoying their time in crypto. But sooner or later, I am seeing that they will have a lot of crap defi tokens within their platform. I don't know if once the defi hype is over, will Uniswap still be enjoying their market like now?
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