Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Decentralized Exchanges (DEX) => Topic started by: Istiak on January 28, 2020, 06:21:06 AM
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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?
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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?
You may choose seeing its security systems,,, all dex are n't secure. So be careful with your choose.
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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?
You may choose seeing its security systems,,, all dex are n't secure. So be careful with your choose.
Which of the security systems did you choose? If so, you know which dex is safe. So help him like dex. Many people who are using dex are experienced in this regard. Are you experienced?
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Security and liquidity. That should be priority of a simple decentralized exchange.
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I recomand you to look to uniswap great liquidity ,no wash trade and easy to use.
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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?
DEX has less secure than centralised exchanges. I frequently used etherflyer, Marcatox and idex as dex.
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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?
You may choose seeing its security systems,,, all dex are n't secure. So be careful with your choose.
Both security & liquidity is essential to choose any decentralized exchange.
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Safety,security,low commission,transaction speed.These are the things i pay attention to.Currently I am using Polkadex as DEX. I recommend you to have a look :)
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Liquidity, reputation and fees are some of the most important things to check because these are areas where decentralised exchanges sometime do worse than centralised ones. To check the reputation and security of a dex I would recommend you look for news articles, endorsements and detailed reviews to get more details on how secure it is. If you can't find any information, it is best to avoid or at least proceed with caution. Also, having a good wallet and keeping your money in that whenever you are not trading is a good way to decrease your risks.
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Safety,security,low commission,transaction speed.These are the things i pay attention to.Currently I am using Polkadex as DEX. I recommend you to have a look :)
Another reason for Pdex too is privacy imo.Polkadex believes that traders are entitled to privacy. As a result, they've decentralized the KYC process for their users, allowing them to save their information in wallets rather than on their site.
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I prefer both cex and dex tbh.For example currently i am using Bitay and Bitay is launching the CeDeFi program, which will enable one-click trading on decentralized exchanges from its own platform.This is a feature that i am look in an exchanges.
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I prefer both cex and dex tbh.For example currently i am using Bitay and Bitay is launching the CeDeFi program, which will enable one-click trading on decentralized exchanges from its own platform.This is a feature that i am look in an exchanges.
I also heard that Bitay has a launchpad, is that true?
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I prefer both cex and dex tbh.For example currently i am using Bitay and Bitay is launching the CeDeFi program, which will enable one-click trading on decentralized exchanges from its own platform.This is a feature that i am look in an exchanges.
I also heard that Bitay has a launchpad, is that true?
Bitay does not have a launchpad yet but i heard Bitay launches BitayX Launchpad, which allows its customers to buy tokens of the best projects early and cheap.
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Hardware wallet and decentralized exchanges like Uniswap etc. Never leave your crypto on an exchange during a bear market. Some of us leave some for swing trading but our big moon bags are all self custody meaning hardware wallet. This means our crypto amounts are on the blockchains and only we have the keys to it. Even if the exchanges go bankrupt we are fine bc our crypto keys are ours not the exchanges.
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On a DEX, liquidity is essential for effective trading. Better price execution and narrower spreads are the results of more liquidity. Examine the breadth of supported assets, trading volume and liquidity pools offered by the DEX. To draw liquidity providers, certain DEXs could provide market making or liquidity incentives.
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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?
- Of course, always look at the liquidity, if it is high and realistic in its marketcap, you should base it there to use it. Because if the liquidity is low, it is quite high risk to use a dex like that to be honest.
For example, like JUP, if you look at its liquidity in DEX, it is around 1M$ something in which is in my sight, that is fine with me to be honest, here's the link https://dexscreener.com/solana/dkvn7rktnjsser5oyurf3vddqu2znescywxvpervtcfa
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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?
You may choose seeing its security systems,,, all dex are n't secure. So be careful with your choose.
Even the Cex platform is not safe either, meaning Dex or Cex both have a risk. All we need as communities is to be researched first before using or entering money to do trading activity.
Now if I were the only one to be asked, I would prefer Dex. That's why CEX beat Dex because of the p2p features it has, so more people use the Cex platform exchange. Although the only good thing about Dex is that we have full control over our account,.
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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?
the ones that I think are pretty good dex to use so far are JUP, Raydium, Dexscreener, Quickswap, these are the ones that I think are good to use and add the gecko terminal and Defilama.
But right now there are only two of those that I use often and these are JUP and Raydium. Because I often only use Cex platforms because of the p2p features they have.
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I prefer both cex and dex tbh.For example currently i am using Bitay and Bitay is launching the CeDeFi program, which will enable one-click trading on decentralized exchanges from its own platform.This is a feature that i am look in an exchanges.
In an equilibrium, the CEX and DEX needs to co-exist. Whereby an average user who is not technically inclined can also use the CEX while the savvy ones will use the DEX. That's the real essence of this industry, liberty.
For Dez choice, look at liquidity and the number of active developers maintaining the exchange. A mal-maintained DEX is just a time bomb that could be triggered any moment.