Lets examine the top decentralized cryptocurrency exchanges according to popularity and trading volume.
"The moment we start using these centralized exchanges, they become the custodians of our funds, and we are no longer in charge. Centralized exchanges are exchanges that don’t allow users to control the private keys of their crypto funds, and instead, they keep those keys in a centralized server or database. This way of working opens up the possibilities of single points of failures and hacks by malicious actors." - Why Are Decentralized Exchanges The Future Of Cryptocurrencies? https://coinsutra.com/decentralized-exchange-cryptocurrency/
TOP 5 DECENTRALIZED CRYPTO EXCHANGES DEX?
1 Bitshares BTS and OpenLedger
Arguably the best and most popular DEX. BitShares 2.0 is a Financial Smart Contracts platform that enables trading of digital assets and has market-pegged assets that track the value of their underlying asset. OpenLedger Dex leverages BitShare’s graphene technology.
2 WAVES Platform
Waves' decentralised exchange (DEX) allows users to trade Bitcoin, Ether, Litecoin, ZCash and other cryptocurrencies, as well as fiat currencies such as USD, EURO
3 CryptoBridge BCO
CryptoBridge is a decentralized exchange running on top of the BitShares Network. It has native BCO token called as BridgeCoin and allows BCO token staking and 50% revenue share with BCO HODlers.
IDEX is a decentralized exchange for trading Ethereum (ERC-20) tokens. Some claim IDEX to be the best alternative to EtherDelta.
5 Bisq aka Bitsquare
A peer-to-peer marketplace and a fully decentralized exchange which requires no name, email ID or verification. It uses Tor to ensure anonymity and doesn’t hold fiat or bitcoins on their servers.
Do you use decentralized crypto exchanges DEX? If so, why and which ones? Leave a comment below.