Best DEX trading platform

[Wysi]

What's the best DEX trading platform which can compete with centralized platforms like Binance, Kraken, etc in terms of speed and UI but at the same time it should be dependable and robust. It doesn't sound safe to complete KYC and furnish details about us to CEX when transaction is tend to cross a certain limit.

Kindly share your suggestions, I have already used IDEX, Uniswap, Binance DEX

[boyptc]

Idex and Binance Dex are not actual decentralized exchanges.

What I usually see is when mk4 suggests hodlhodl.com and bisq.network.

But what most of the traders are to use those centralized exchanges. They are more comfortable using them than a real dex.

[romero121]

Mostly traders prefer comfy with the centralized exchanges than the decentralized ones. With decentralized exchanges we need to open the trade and stay until it gets executed. If anything in between happens(chances are low) it'll make us stand barehands, as we can't request for support anywhere. Only thing beneficial is to stay anonymous.

Centralized exchanges always have trust factor, and to keep up the business it is a must to give the best to the users. This way centralized exchanges stand higher than decentralized exchanges. In recent days I find uniswap to be good to users who haven't used to traditional practice of trading.

[o_e_l_e_o]

With decentralized exchanges we need to open the trade and stay until it gets executed. If anything in between happens(chances are low) it'll make us stand barehands, as we can't request for support anywhere.

That's not accurate. There are plenty of DEXs like Hodl Hodl and LocalCryptos where you do not need to hang around waiting. You can post an offer and immediately log off, shut down, and go about your life. You'll get an email notification once someone responds to your offer so you can initiate the first part of the trade. The only DEX I use where you do have to keep the exchange open while your offer is active is Bisq, but that is because you are physically running the Bisq software on your own computer as opposed to trading through their hosted website.

All the DEXs I have mentioned above have support and arbitration methods available in case of a disputed trade, so you are never left "barehands", as you put it.

Only thing beneficial is to stay anonymous.

Privacy is one benefit, sure, but there are a plethora more, such as keeping possession of your own keys and coins, not having to trust third parties, not having an exchange decide where you can and cannot withdraw or deposit coins to, not having to fear about your account being locked/frozen, etc.

[Husires]

If a decentralized platform is able or if it provides enough liquidity and decentralization so that no third party can find or request personal information, then it will be so popular that you know it without searching for it.

All decentralized platforms have low liquidity, but the matter will change in the coming years, so continue to search and use the largest number of them after making sure that they are decentralized platforms.
 Uniswap and Bisq is the best.

Central platforms will work to transfer money from cash to cryptocurrencies, while the decentralization is the one that transfers between cryptocurrencies.

[Twinkledoe]

If a decentralized platform is able or if it provides enough liquidity and decentralization so that no third party can find or request personal information, then it will be so popular that you know it without searching for it.

All decentralized platforms have low liquidity, but the matter will change in the coming years, so continue to search and use the largest number of them after making sure that they are decentralized platforms.
 Uniswap and Bisq is the best.

Central platforms will work to transfer money from cash to cryptocurrencies, while the decentralization is the one that transfers between cryptocurrencies.

That's the usual problem of DEX, low liquidity. I guess, Uniswap is enjoying right now having good liquidity, but not for all tokens. Still depends on the token and the team behind it. So there's really no best DEX for me, as long as they serve my purpose at the time of trading without a prob, then it's good. In the long run, I believe DEX will slowly die. I remember the days of etherdelta before, when every eth token is being traded at.

[joniboini]

Still depends on the token and the team behind it.

I think that's not entirely the platform's fault. For example, you see a lot of delisting from CEXes (even Binance) due to low volume or lack of liquidity. In other words, if some assets are shit then they won't have a good volume regardless of where they are traded.

[o_e_l_e_o]

Central platforms will work to transfer money from cash to cryptocurrencies, while the decentralization is the one that transfers between cryptocurrencies.

There are several DEXs which provide on and off ramps from and to various fiat currencies via a variety of payment methods, from cash and bank transfers to things like Western Union, PayPal and Skrill.

In the long run, I believe DEX will slowly die.

Quite the opposite. Both the number of DEXs and the volume they are processing is slowly growing. The more that centralized exchanges force ridiculous KYC on their users, the more they report their users to various governments, the more they are hacked, the more they lock and freeze accounts for no good reason, the more they scam, then the more users will finally get fed up of their behavior and move to DEXs instead. DEXs allow bitcoin to be bought and sold the way it was intended - without having to trust third party intermediaries.

[Dorodha]

Trading platforms work depending on the market. Binance is one of the best dex trading platforms convenient to use binary exchange. We have many options to choose from according to our preferences and devices we can with Binance use with smartphone application program type desktop or website. We will guide you through the most popular also choosing binance trading platform can be challenging task for newcomers. Choosing the most appropriate easy to use and intuitive platform can influence your business strategy and your potential profit potential.

[btc_angela]

What's the best DEX trading platform which can compete with centralized platforms like Binance, Kraken, etc in terms of speed and UI but at the same time it should be dependable and robust. It doesn't sound safe to complete KYC and furnish details about us to CEX when transaction is tend to cross a certain limit.

Kindly share your suggestions, I have already used IDEX, Uniswap, Binance DEX

The first thing that comes to my mind is:

https://bisq.network/
https://hodlhodl.com/

Although again, volume and liquidity is the first issue with DEX. However, I do believed as well that with the recent mandatory KYC that top DEX are enforcing, there might come a time that majority of traders are going away from the old traditional DEX and move to CEX to get away with the pressures of providing your personal information.

[nelson4lov]

I have used IDEX, Binance DEX and Uniswap and from my experience, Uniswap flourishes in areas where other DEXs are found lacking. At the moment, It has the highest number of active users and volume to to its feature that allow users to provide liquidity while earning a part of the fees. I haven't tried out either hodlhodl or bisq though so I have very little to say about them until I do. Centralized exchanges are ahead of DEXs but that gap wouldn't be there for long. More innovative DEXs or even upgrades of existing ones will help bridge the gap.

Uniswap's V2 has been a huge success but they would be releasing V3 soon around the same time Ethereum 2.0 would go live.

[tranthidung]

General advice

With DEX, coin lockers are most terrible trade partners and you will have coin-locking sometimes. To avoid coin-locking you should

• Choose highly trusted trade partners. They are probably not a scammers and don't lock your coins.
• Trade with small amount (not too small not too big, I meant). Too small trade can eat up your profits by transaction fee. Too big trade, if you have a few coin-locked trades, all your funds will be locked and you won't be able to trade after that
• Disputes always need time to be resolved (depends on support tickets, disputes on the systems)

Never release your bitcoin if you won't receive money (in fiat or other payment types)

[chip1994]

Idex and Binance Dex are not actual decentralized exchanges.

What I usually see is when mk4 suggests hodlhodl.com and bisq.network.

But what most of the traders are to use those centralized exchanges. They are more comfortable using them than a real dex.

Is hodlhodl and bisq really a reputable dex?  you know, in the Crypto market there are a lot of exchanges that work for a little while and then they scam.  This has happened very often. Have you been trading there for long time ? I am also looking for a good Dex to trade because the Cexs now are also not safe.  Binance, Okex are all having huge problems.  I don't want to lose money there

[TGD]

Uniswap's V2 has been a huge success but they would be releasing V3 soon around the same time Ethereum 2.0 would go live.

Still on ETH slow network so still slow and high fee. The only reason why I like Uniswap is because they are the first exchange to list new DeFi coin that can give me an early holder advantage. So far, All DEX that built on current ETH network are performing poor in terms of speed and fee cost. The real deal DEX on ETH will be available when ETH V2.0 release.

For now, I won't give a best DEX title to any available DEX out there since there is no DEX that meet my standard.

[traderethereum]

I don't know the best DEX trading platform because I think we have a different opinion to say which is the best one.
We choose DEX based on what we need, and I am sure that every person's needs will be different.
In the past, I use Idex, and I don't use etherdelta or one exchange, which I forgot the name.
But today, I don't use the DEX as often as I use the CEX, but I still use Idex to trade in some time.
We have Uniswap now, but I don't have much experience with that experience, but so far, I see that exchange has a chance to compete with the other DEX.

[o_e_l_e_o]

However, I do believed as well that with the recent mandatory KYC that top DEX are enforcing, there might come a time that majority of traders are going away from the old traditional DEX and move to CEX to get away with the pressures of providing your personal information.

A DEX which enforces KYC is not a DEX. There are a lot of exchanges which advertise themselves as DEXs as a marketing tactic, but are completely centralized in practice. IDEX comes to mind. If you have a central authority which is responsible for implementing regulations, requesting KYC, and banning accounts which do not comply, then you are a centralized exchanges, regardless of what you call yourself.

Is hodlhodl and bisq really a reputable dex?

I would say Bisq is probably the most reputable DEX there is right now. It is the only truly decentralized exchange, in that there is not even a central website which is used to trade - you run the open source software yourself and connect to other traders via Tor. They have a robust mediation service to deal with disputes. There are have only been two cases of scammers stealing money via Bisq, and in the cases where this did happen they removed the payment systems which were responsible for the chargebacks (Veno and CashApp). There has been one case of a vulnerability in the code being exploited, but Bisq refunded the users affected from the platform's trading fees.

[sheenshane]

What's the best DEX trading platform which can compete with centralized platforms like Binance,.

Why not choose Binance DEX?

All good DEX's was mentioned above like Bisq but have you tried Radar relay?  This is also a DEX that mainly supported Ethereum to trade and it has advantage features that almost the same as CEX. 

Like,

• High liquidity
• Crypto Trading options
• Security
• Customer support

However, I still prefer to use the CEX exchange. Good choice for Binance and for quickly purchasing cryptocurrencies, BestChange is the best for you.

[mersal]

What's the best DEX trading platform which can compete with centralized platforms like Binance,.

Why not choose Binance DEX?

All good DEX's was mentioned above like Bisq but have you tried Radar relay?  This is also a DEX that mainly supported Ethereum to trade and it has advantage features that almost the same as CEX. 

Like,

• High liquidity
• Crypto Trading options
• Security
• Customer support

However, I still prefer to use the CEX exchange. Good choice for Binance and for quickly purchasing cryptocurrencies, BestChange is the best for you.

But binance isn't actually completely decentralized and also they limit the traders from going into popular coins since they choose to have binance chain for trading that is also the reason why the dex from most reputed exchange hardly have any good amount of trading volume compared to new dex which supports ethereum chain.

[The Cryptovator]

You can't compare decentralized exchange with centralized exchange and you can't compete between that. You have to choose a reputed exchange either its Dex or Cex. Binance Dex and Cex would be a good choice. The problem is that you wouldn't find your desired trading pair on the Decentralized exchange. And you have to be careful about the Dex due to fake tokens. But there is no fake coin listed on the centralized exchange, doesn't matter if its shitcoin since you can choose best for you and avoid shitcoin.

[target]

There's Vitex which is the same as the order book type of DEX, this isn't particular to certain platforms like IDEX or DYDX which is only for ERC20 tokens.

The vitex exchange does have BTC/USDT but has low volume though, the tokens traded well here is their native token because it can be staked to earn daily dividends from the exchange trading fees. It ranked 16th in the https://coinmarketcap.com/rankings/exchanges/dex/