Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Hanhobi on August 05, 2020, 11:10:09 AM
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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?
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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/ (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.
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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.
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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.
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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.
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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.
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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
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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
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I think this is a field of venture capital, you can give me some advantages and disadvantages of the decentralized exchange through DEX.
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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.
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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
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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.
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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
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I use Uniswap because its easy to use ,offer privacy and more important think for me they don't have wash trade.
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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.
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I use Uniswap because its easy to use ,offer privacy and more important think for me they don't have wash trade.
Uniswap just as the name implies just swap tokens between demand and supply with liquidity. They aren't really dex if you ask me.
Trading on Dex currently is time consuming because it takes long time to confirm transactions on Ethereum blockchain with massive gas fee to process transactions.
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I hope you are not telling cryptocurrency newbies to engage Dexes. That's a no-no. They're strictly not for newcomers, because they can easily lose their funds. And the technicalities are much more than Cexes. And of course, the issue of liquidity
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Every exchange both centralized and also decentralized exchange will have their own advantages and also disadvantages. In this case, we can see that the prospect of being safe and also beneficial using certain exchanges ay be on the security. The centralized exchange will serve more secured assets in the crypto.
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the reason we can make trade easy and monitor our assets transparency, but the risk also exist in some decentralized exchange the development of good security clearly and makes it more attrative to user or trader in it .
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The decentralized exchanges, Uniswap is the most advanced and good DEX. I like all the activities of Uniswap. Fraud does not happen there. Advanced tokens are first bought and sold on uniswap. So I also know uniswap as a much better DEX. But forkdelta is a bit better. I saw the popularity of forkdelta. However, many do not use uniswap and believe, they are afraid. But it has the advantage of being used.
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Binance DEX is more popular. It's security and data privacy level is so high. I use binance DEX and suggest to all use it.
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I use ForkDelta, IDEX and Binance DEX a lot.
Of the three DEXs, the simplest to use is ForkDelta because it's simple and easy to use.
Second is Binance DEX because it is simple and has a high level of security and the next is IDEX, now IDEX is even more difficult because you have to use email for registration.
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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?
Of those 4, I find the most compelling reason you should use DEX is Anyone can access DEX from anywhere. Decentralized exchanges provide a way to get individuals at any level. places where cryptocurrencies can be traded, as they are not operated by a centralized authority, can be ordered to close.
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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?
The reason I like most is its confidentiality. With DEX, only you have complete control over your money. All you have to do is simply attach and remove your own wallet, whether it's hardware or software wallet and you can trade accordingly.
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Choose reputable DEX exchanges to trade, if you want to be more secure you can create another wallet and send tokens to sell on it. I find it quite convenient, instead of you having to create an account, do KYC, you just need to connect your wallet to finish. But be careful with newly born exchanges, we could lose all our assets
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Binance dex, idex are all worth trading. Be careful with Uniswap as I have seen scammers fake contracts and sell fake tokens to make a profit
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Yeah I like trading on DEX too, it just takes a little effort with connecting a wallet and no need to do kyc. At the moment I like to trade on oikos, stellarport, and also idex.
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we should use DEX because it is highly Secure: Decentralized exchanges do not store user assets. Therefore, neither hacker attacks nor exchange crash leads to a loss of money. Since they do not have a single entry point, everyone can access all assets and data, impeding a hacker job and making an attack pointless, which distinguishes DEX from other Centralized exchanges are regularly hacked.
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One advantage of DEX is the minimal risk of price manipulation or distorting trading volume, due to the lack of a centralized structure that easily leads to manipulation inside an exchange.
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Highly independent, independent DEX regulators are worth using: The decentralized architecture protects the decentralized exchange from local or international government interference
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I'll personally choose a Dex without thinking twice over a decentralized exchange any time baby.
DEXes are the best that happened for crypto, they are the heat of crypto, but since this cryptosphere is full of newbies who want an easy User interface for their trading, then they jumped like sheep into the decentralized exchanges & make them the strongest among this whole crypto world, which is sad to be honest.
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Decentralize exchange is tends to be special due to his unique features, though presently do use binance because my crypto mentor do rate it high and i also find it easy to use.