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Author Topic: Best DEX's for Trading Alts: Please Recommend  (Read 156 times)
Natalim
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January 22, 2021, 01:22:46 PM
 #21



However, for Dex that is on a BSC network like Binance DEX the fee will be much cheaper by using the BNB coin as the main coin for fee payments. The fees used are very cheap compared to uniswap on the Ethereum platform.

Binance dex pass on the requirement OP is looking in terms of volume, it's volume now is at least $1 million _https://coinmarketcap.com/exchanges/binance-dex/

However, I believe Binance DEX is not really decentralized, there are a lot of countries not allowed to access the site as we can read on their TOS.

I guess Uniswap is always the best choice for now with over $1 billion trading volume.

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January 22, 2021, 08:27:36 PM
 #22

I don't know of many dex's but I've always used uniswap which for me is quite good, the only problem I have with uniswap is their high fees but I believe Ethereum blockchain high transaction fees is part of the reason why fees are high on uniswap.
I've also used etherflyer and I like them cus one can place buy or sell orders for free like it is with centralized exchanges, and the trading fees are also very much lower, but then, I don't think they have very much users or enough liquidity to day trade on the platform.

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January 22, 2021, 10:24:51 PM
 #23

For now I highly recommend choosing Uniswap as the best decentralized exchange for trading altcoins. It is high volume, popular and has a wide
selection of altcoins for trading. These are some of the advantages possessed by Uniswap, maybe the transaction fees are high. The only weakness
that I found when using Uniswap.

Binance DEX can be used as an alternative for trading altcoins, but the weaknesses of Binance DEX are its small volume and not too many altcoins
to choose from. That's why it's no wonder Binance DEX is ranked 21st based on CMC sites.

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January 23, 2021, 12:58:25 PM
 #24

DEX lacks features and real trading volume...
I've been using Binance for over a year and have never had KYC there. slightly off-topic from your request but I would rather suggest you use a trusted CEX like Binance.



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January 23, 2021, 11:53:39 PM
 #25

Hi all, I'm looking for suggestions for good exchanges to trade on: 

  • No KYC requirement
  • Good/large number of alts available to trade
  • good daily volume (preferably $1M+)
  • Secure from fraud/hacking

What are your favorites?

Thanks in advance

All exchange has risk involved, even top exchange in the market can face any issues in terms of hacking, just like what We had heard before for what happened in Binance, kucoin, and more, in short We should be wise and careful in choosing the legit platform exchange. But as of the moment Binance, kucoin, and others remain good as one of the trusted and legit platform to trade in.
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