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Author Topic: DEX from 2020 are you still using till now?  (Read 2975 times)

Offline electronicash

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Re: DEX from 2020 are you still using till now?
« Reply #15 on: March 29, 2025, 09:22:12 PM »

i have not used a dex for awhile now. the last time i tried using was the mueliswap which is a dex for cardano users when i tried buying ADA. the bridges keeps failing but seem to have purchased some tokens and then back to ADA again.

DEX where Bitcoin and USDT can be used are worth it if the prices aren't so different. but then you are in the mueliswap like i mentioned, it feels like its going to scam everyone with their token (MILK) given the chance of big volume.

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Re: DEX from 2020 are you still using till now?
« Reply #15 on: March 29, 2025, 09:22:12 PM »

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Offline Mr. Magkaisa

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Re: DEX from 2020 are you still using till now?
« Reply #16 on: March 31, 2025, 06:05:18 PM »
Lately, almost all cexes require kyc, so I prefer dexes. You have to pay fee for each transaction, so that's a con with dexes especially on chains like Ethereum where gas costs can be really high, and that's where cexes triumph.
In 2017, I also hated KYC because I believed crypto was anonymous, so I refused to use CEXs and missed the opportunity to profit from many tokens, ultimately losing most of my ICO profits in that cycle. At that time, EtherDelta DEX was quite popular but it had many problems and was not as user-friendly as UniSwap or PancakeSwap.

Currently, I am only focused on investing and accepting to complete KYC on top CEXs to use the utilities they offer. DEX is no longer an attractive option for me even though they are the heart of DeFi.

       -      So do you mean Sir that there is no more reliable dex platform in this era of Bitcoin's bull run? Is that what you want to imply in your post? Because honestly I am also having a hard time finding legitimate dex platforms that can be used and can also do trading activities like I do on the top cex platforms today.

Of course I also want to experience being able to do activities on dex protocol platforms so that at least I have assets in these two categories
of exchanges here in the crypto space.

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Re: DEX from 2020 are you still using till now?
« Reply #16 on: March 31, 2025, 06:05:18 PM »

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Offline libert19

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Re: DEX from 2020 are you still using till now?
« Reply #17 on: April 01, 2025, 06:31:29 AM »
...Because honestly I am also having a hard time finding legitimate dex platforms that can be used and can also do trading activities like I do on the top cex platforms today.

On which chain are you looking for dex platforms?

BTW, just a word of caution, for futures trading I would not recommend dex platforms, because they are unreliable but for spot trading dex platforms work just fine.

Offline Mr. Magkaisa

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Re: DEX from 2020 are you still using till now?
« Reply #18 on: April 01, 2025, 06:33:52 PM »
...Because honestly I am also having a hard time finding legitimate dex platforms that can be used and can also do trading activities like I do on the top cex platforms today.

On which chain are you looking for dex platforms?

BTW, just a word of caution, for futures trading I would not recommend dex platforms, because they are unreliable but for spot trading dex platforms work just fine.

         -     Maybe under Ton, Base, Bsc, even here it's okay for me, I don't want under solana because there are many rug pull tokens on this network, now in my wishes I'm just not sure from what I see if the protocols I see are really good to use.

So if you have anything to recommend I would really appreciate it and thank you for the effort you'll give mate, this is a big help to me anyway
and thank you also for the advice to avoid futures when using the dex platform.

Offline Gurujebs

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Re: DEX from 2020 are you still using till now?
« Reply #19 on: April 01, 2025, 07:01:11 PM »
...Because honestly I am also having a hard time finding legitimate dex platforms that can be used and can also do trading activities like I do on the top cex platforms today.

On which chain are you looking for dex platforms?

BTW, just a word of caution, for futures trading I would not recommend dex platforms, because they are unreliable but for spot trading dex platforms work just fine.

I think Dexes are still growing in every aspect of crypto trading. Hyperliquid is one of the Dexes I will recommend to anyone looking for a way to trade instead of using centralized exchanges but they should be ready for bugs, unlike many centralized exchanges has optimized their exchange to handle everything, the speed execution and all.

The centralized exchanges are much better but to be at safer side, it's good to put everything you have out of the exchange immediately you are done. Bybit was just recently hack, they are doing well but they are operating at loss with loan ethereum from different venture companies, you never can say who is next.
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Offline libert19

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Re: DEX from 2020 are you still using till now?
« Reply #20 on: April 02, 2025, 08:18:32 AM »
...Because honestly I am also having a hard time finding legitimate dex platforms that can be used and can also do trading activities like I do on the top cex platforms today.

On which chain are you looking for dex platforms?

BTW, just a word of caution, for futures trading I would not recommend dex platforms, because they are unreliable but for spot trading dex platforms work just fine.

         -     Maybe under Ton, Base, Bsc, even here it's okay for me, I don't want under solana because there are many rug pull tokens on this network, now in my wishes I'm just not sure from what I see if the protocols I see are really good to use.

So if you have anything to recommend I would really appreciate it and thank you for the effort you'll give mate, this is a big help to me anyway
and thank you also for the advice to avoid futures when using the dex platform.

For Base and BSC, you an use Matcha (https://matcha.xyz/). It's dex aggregator, meaning it gathers price from several dex platforms for coins you wanna trade and gives you best price amongst them.

TON:

1) https://dedust.io/ 2) https://app.ston.fi/

Please note, I can not guarantee you safety of using above recommendations. It's just I have used these before and I am fine, it may be same in future or not. It's wise to use these dexes with hot wallet with funds you can afford to lose.

Offline yhiaali3

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Re: DEX from 2020 are you still using till now?
« Reply #21 on: April 04, 2025, 07:41:11 PM »
There are a lot of good, reliable DEX that can be used but they vary depending on liquidity and networks.

For BSC I use pancakeswap and 1inch because in my experience, pancakeswap has cheaper fees, but I like 1inch a lot because it has almost all the networks and has a very important feature which is the possibility of using limit orders.

As for Sol, I use Jupiter, which is fast, easy to use and has low fees.

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Re: DEX from 2020 are you still using till now?
« Reply #21 on: April 04, 2025, 07:41:11 PM »


 

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