4 Reasons Why You Should Use a DEX (Decentralized Exchange)

[Hanhobi]

Here are 4 Reasons Why You Should Use a DEX (Decentralized Exchange): https://pantograph.io/4-reasons-why-you-should-use-a-dex-decentralized-exchange/

Name a DEX that you are using right now and why do you choose it?

[FOPL]

I use binance dex and loopring most often due some of my tokens I hold being traded there and It much easier to connect to these DEXes with my Atomic Wallet via WalletConnect.

In reference to the reasons you stated in your article, I think https://changenow.io/ addresses almost all of them. From security, anonymity to ease of access. It's more of an instant crypto swap service. It also integrated into most crypto wallets. Atomic Wallet has integrated this service allowing it users to exchange cryptos right in the wallet.

[MrSpasybo]

I think Uniswap is one of the DEXs worth considering and using the most at the moment. The trading volume on this DEX is quite large and everything is really in the user's hands instead of depending and being manipulated by a company. However, users need to be careful with fake tokens and scam campaigns on DEXs.

[edmundo]

Decentralized exchanges offer some of the best control found in the industry. Not only do you control your security and trades, you ha e the opportunity to trade at your own convenience, comfortability without any need to feel pressured. You also get to withdraw your funds at your own pace plus not having to worry about KYC whatsoever. Decentralized exchanges play the primary responsibility of blockchain. Privacy, simplicity, speed and security.

[TomPluz]

There is no question that soon majority of the exchanges operating can be DEX. And that is why maybe even Binance has already been into DEX. There is that possibility that centralized exchanges will also have their own operated DEX as an option to their members.

[bigcash2011]

I was using etherdelta in early days then i transferred to forkdelta but then it was also replaced by idex and currently i enjoy uniswap which gives the luxury of instant swaps with minimum slippage.

[Augusta]

I was using etherdelta in early days then i transferred to forkdelta but then it was also replaced by idex and currently i enjoy uniswap which gives the luxury of instant swaps with minimum slippage.

How long have you used this app? And do you find it really useful as a commercial? Please tell me your answer

[ashraf786100]

I think this is one of the best apps to use and use at this time. The commercial barber in this country is bad enough and everything is really in the hands of the company. However, it is important to note that this is not a bad thing at all. And it's very popular right now

[Rosemaryy]

I think this is a field of venture capital, you can give me some advantages and disadvantages of the decentralized exchange through DEX.

[NihonShoki]

The main advantage of a stable currency is its immunity to volatility and inflation. It can be used to issue and receive consumer loans and for various purposes, without fear that the token rate may change in any direction during the transaction.

[Naimah]

The main advantage of a stable currency is its immunity to volatility and inflation. It can be used to issue and receive consumer loans and for various purposes, without fear that the token rate may change in any direction during the transaction.

Yes, using such currencies will expand access to a stable currency for those who need it. The relative stability of the US dollar against currencies of other countries is taken for granted. Of course, inflation gradually depreciates the dollar, but only slightly, if you take into account the situation in developing countries, where money can lose value of 15% or more per year. Residents of such states are required to keep their savings in dollars, regardless of regulatory restrictions that may apply to any foreign currency transactions. An accessible digital decentralized tool with stable prices would be a great replacement for people living in countries with unstable monetary systems and tight state capital controls

[Bobcrypto]

And one of the advantages of the DEX exchange is there are no personal accounts on the decentralized exchange, no verification is required and there is no need to even specify an email address, so personal data of users cannot be stolen.
In addition, there is minimal risk of price manipulation or falsification of trade volumes, due to the absence of a central structure that is interested in manipulation inside the exchange.

[tinakoya]

I use Binance DEX and IDEX, it's secure and data privacy is maintained. I don't need to expose my personal information and you need to sign transactions before they are confirmed hence it's safe

[juv3ntus1]

I use Uniswap because its easy to use ,offer privacy and more important think for me they don't have wash trade.

[Leonardo]

I use Binance DEX and IDEX, it's secure and data privacy is maintained. I don't need to expose my personal information and you need to sign transactions before they are confirmed hence it's safe

Binance DEX isn't really a DEX. It's still largely operated by Binance. Only IDEX is a real DEX. A major problem with DEXes is volume. In comparison with traditional exchanges, DEXes have really small volumes. I'm not using any DEX. I'll only consider it when the volumes get better.