Altcoins Talks - Cryptocurrency Forum
Further Discussions => General Discussion => Topic started by: Kalustx on April 09, 2025, 10:24:10 AM
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On-chain claims, deposit and trades has taken a lot from us😥— the stress of navigating between chains, analyzing tokens, the high fees__especially for DeFi and DEX traders😥
Now different CEX platforms has integrated the on-chain trading experience into their protocols so users can have DEX experience while trading on a CEX; but with a more secured system, access to gems early before other CEX platforms
But here is my blight, using most exchanges on-chain products__I still have to go through the stress of creating a wallet and connecting my web3 wallet to Dapps, which is quite stressful 😥
I want to know if there are any other exchanges offering On-chain trading products with less fees, and ease in accessing the market?
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Are you referring to a blockchain controlled by an exchange like BSC, where they launch their own "DEX"? I'm not following their latest offering, but if you don't want to deal with the web3 interface but want to participate in the BSC network, can't you access their offering directly from your exchange account? I don't think that equals being more secure, though. I also wonder what kind of stress you experienced when you connected your wallet to a web3 app. Have you tried separating your wallet for a dedicated trading purpose?
Anyway, a better place to ask this would be on crypto or a trading discussion. This sub-board is for general discussion.
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But here is my blight, using most exchanges on-chain products__I still have to go through the stress of creating a wallet and connecting my web3 wallet to Dapps, which is quite stressful 😥
I want to know if there are any other exchanges offering On-chain trading products with less fees, and ease in accessing the market?
It's part of your responsibility though, anything in crypto are made for being self-responsible of your finance for not depending on third parties. However some services are there to give ease and comfortability.
Bitget just announce bitget on-chain too.
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I want to know if there are any other exchanges offering On-chain trading products with less fees, and ease in accessing the market?
I haven't heard about any such type of activity happening on any centralized exchange. The tokens are still bought by the investors on decentralized exchanges.
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Binance DEX, OKX DEX, and other similar services offer on-chain products. In fact, the primary goal of such services was to bridge the gap between centralized and decentralized platforms. Search for any well-known exchange that has a blockchain platform and you'll find a similar service.
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On-chain trading can be really overwhelming constantly switching between networks, double-checking token contracts, and dealing with high gas fees adds a lot of friction. Even when some centralized platforms try to offer DEX-like features, the need to connect or create separate wallets still makes the experience feel clunky. What really makes a difference is having a seamless, built-in wallet experience with lower fees and fewer steps. If more exchanges prioritized simplicity and user-friendly design, on-chain trading could be way more accessible and enjoyable.
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You have to pick one, whether it's the centralized exchange where you can trade without need to moved funds or any extra work, just deposit the crypto and pick the pair you want to trade and create the sell or buy order.
DEX is for privacy, where you don't trust the exchanges to have custody of your funds, so you have to settle for one.
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DEX is for privacy, where you don't trust the exchanges to have custody of your funds, so you have to settle for one.
There's a difference between privacy and security. Decentralized exchanges aren't designed for privacy, as all transactions occur on the chain and are viewable by anyone. On centralized platforms, privacy is slightly higher, as only specific entities can access your TX history. In terms of security, truly decentralized platforms are more secure.
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DEX is for privacy, where you don't trust the exchanges to have custody of your funds, so you have to settle for one.
There's a difference between privacy and security. Decentralized exchanges aren't designed for privacy, as all transactions occur on the chain and are viewable by anyone. On centralized platforms, privacy is slightly higher, as only specific entities can access your TX history. In terms of security, truly decentralized platforms are more secure.
But we don't do KYC on DEX, it means no one can find who sent to who even though all the transactions are available in public ledger, some DEXes may collect the KYC data in the name of giveaway, airdrop and other promotional events but still we as user got the choice whether we want to go through that. And decentralized exchanges are far behind in terms of user experience and they are more vulnerable to security threats too.