What i should look in a dex?

[Aanuoluwatofunmi]

how to choose best dex? there are a lot of them right now and what someone should look for in a dex before using it?

We are having as many as possible decentralized exchanges, some of them are trusted to be whom they claim to be while some are not decentralized despite that they are claiming so, all we may have to do is in making research about it and knowing that all things fall in part for them, one of the best decentralized exchange wallet I can recommend for now is bisq, because there is more advantage and benefits on what to discover about them.

[Renampun]

how to choose best dex? there are a lot of them right now and what someone should look for in a dex before using it?

Currently there are more than 20 DEXs circulating in the market (I can't mention their names one by one) so many DEX users are confused about which one to choose, that's understandable, a little advice from me is never to be careless in choosing a DEX, remember that each DEX has different liquidity, you must be able to choose which one you are sure can fulfill your transaction so that the gas fee you spend or pay is not wasted in vain.

[KryptoBull]

Currently there are more than 20 DEXs circulating in the market (I can't mention their names one by one) so many DEX users are confused about which one to choose, that's understandable, a little advice from me is never to be careless in choosing a DEX, remember that each DEX has different liquidity, you must be able to choose which one you are sure can fulfill your transaction so that the gas fee you spend or pay is not wasted in vain.

The most important thing I care about when using it is whether it's truly reliable and if it's officially partnered with and recommended by the blockchain's #DevelopmentTeam . Ether has Uni, BNB has Pancake, Polygon has Quick, Solana has Raydium..., we should only use top DEXs to avoid risks with new and less secure protocols.

Typically, top DEXs always have high liquidity to meet user demands, so we don't need to explore new DEXs even if their APR might be very attractive for LP providers.

[Aanuoluwatofunmi]

how to choose best dex? there are a lot of them right now and what someone should look for in a dex before using it?

If you're considering for a decentralized exchange, then go for bisq, any other option aside this is at your own risk, many of them are not decentralized, instead they are centralized exchanges and do not requires for kyc, the mistake many make comes from here, under centralized exchanges, we have the ones that demands for kyc and those that do not, then we also have the decentralized exchange on their own.