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Author Topic: Best DEX trading platform  (Read 271 times)
bitgolden
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November 08, 2020, 06:08:22 PM
 #21

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.
Liquidity providing is not really as big of a deal as it used to be, volumes are not that bad in dex places and people actually trade their coins quite easily, tokens that failed to find any volume at all and have been troubled with finding places to get listed all got here and just asked people to provide liquidity and now they are trading like nothing before.

The thing is, if you are already big and do not need these type of things, you do not care about it and maybe you will be listed or maybe you won't, you already have high volume and liquidity so why should you care, so some tokens/coins do not care about DEX since they work fine with CEX anyway. If big DEX places like uniswap could find a way to get them as well, that will actually change a lot of things for their future.

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NeilLostBitCoin
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November 08, 2020, 08:39:50 PM
 #22

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
for me the best Dex that I used is idex, I did not encounter any problem with that Dex because I am using metamask before accessing it, it quite secured for me and direct to my eth address. But if we can consider uniswap as Dex if ever, I will choose uniswap among other exchange, it is fast and it is good based on my experiences. But well if I will choose between Dex and cex, I still choose cex. I think binance has a launchpad like Dex. So my vote is for binance too.
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November 09, 2020, 03:36:12 PM
 #23

In recent time we have too many Centralised exchanges which are giving good services and mostly members love to do exchange on them but as day by day polices are going to stick for kyc few still love to have dex exchanges because they love to live anonymous we have very few dex exchanges which going with high liquidity good security and some good number of trading options I use few time Bancor and compound these both works good for me in few exchanges but in last few months I never done any exchange again on them.
matteo_invst1
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November 09, 2020, 06:22:04 PM
 #24

These days many traders use Centralized Exchanges. When we transfer our asset to those Exchanges, anything could happen to our asset because a company has full control of all assets available on that Exchange. For example, Recently, OKEx has suspended customers' withdrawal for several days because their founder was taken away by police. That isn't very pleasant, and it's a good reason to stop using CEX and a good time using DEX.

In my opinion, Stakenet (XSN) DEX is absolutely marvelous. They have a powerful Developers team that collaborated with different projects like Litecoin, an active community on discord and telegram that you can always ask your problems and have their full support.
The most amazing thing about this DEX is their bridge between BTC and ETH and all ERC20 tokens thanks to Lightning Network + Raiden Network.
You can experience instance transactions with the lowest fee on the market.
It would be best if you searched more about this DEX.
MacHenry
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November 09, 2020, 09:26:21 PM
 #25

In term of liquidity, Uniswap has more than any other decentralized exchanges, but Uniswap has it's own problems. Only projects build on Ethereum blockchain can be listed there. Then also the issue of Uniswap's protocol’s open listing policy, leading to too many scam tokens listed there too. Most often scam projects are named after popular projects, so as to deceive unsuspecting investors (especially newbies). Also, the issue of high transaction fee and slow transaction time.

I prefer using normal centralized exchange like Binance and Huobi.
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November 10, 2020, 06:08:47 AM
 #26

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
I suggest you also try etherflyer, though they don't look like full dex to me, but I like them for the reasons that they don't take fees as much as idex and uniswap which I've both used, and just like idex, you can place buy and sell orders which I don't think is available on uniswap, I've never used binance dex so I can't comment on its functionality cus I don't know, but if you love idex which is partially a dex, you will love etherflyer more which is also a dex partially to me...

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November 10, 2020, 09:11:42 PM
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 #27

I would like to thank everyone for sharing such a valuable information and I would definitely tryout some of the platforms suggested over here as they seems fit for the requirement which I was looking for and also I will post my review after using the platforms. I would start wth Bisq and Stakenet then checkout Etherflyer as well.

You guys have been a great help.

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