It is strannge for me to see how little people know about DEX , the decentralized exchanges. Though the future belongs to DEX. Some boast their uncovenient and limited services today, while others continue the hard work in creating a better breed and still flying "under radar" (like blocknet) .
Everyone who wants not to miss the "next train" should keep an eye on them (DEX)
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Interesting I have to put some time into investigating this further... What are the pros & cons compared to a "normal" crypto-exchange?
There is so much to answer to this - you could probably read day an night for half a year. One good place to read, with many links etc is this 3.5 year long thread:
https://bitcointalk.org/index.php?topic=829576.0
BLOCKNET is my favorite. ( As I see it as the best, superior to competitors)
But ... it is not the only one
Thank you for the great advice! This stuff is so fascinating!
I will check out the link you shared and try to read day and night for 6 months...
There is so much to learn about this subject, it doesn't get boring that is for sure...
If you have time please take a look at my first blogg-post here it is about crypto,
Read here: Will (ETHOS) fix the financial system (and make you rich)?!Thanks for sharing your wisdom @onealfa! it would be nice to hear your feedback @onealfa!
Pros:
Cons:
Con? to someone willing "to understand" this might be not a real CON
Ha ha "harder to understand" your funny, thanks for your explanation sounds like some real "next-level" stuff... =)
OK, Thanks 1-Alpha! I'm noting that all my 'exchanges' I've dealt with so far leave a lot to be desired.
Coinbase (blah, not really an 'exchange' at all!) and then Kraken, good tools and trading pairs, but still a centralized exchange... Poloniex is OK, needs a lot more trading pairs, but now they are insisting I step up my verifications, for tax purposes I'm sure LOL
I'm going to follow you (done!) as you are where I want to be in a year or less... My account is growing with leaps and bounds, plus my other stuff is blooming pretty good as well :)
Yes, it is odd that cryptonites push for decentralization, yet, eagerly trade on non-decentralized exchanges, without regard.
Ironically, I have a current post regarding the vital need to research exchanges before signing on, with this "top exchange" as a focus.
Peace.
@onealfa the main issue is to get to the cryptomarket. In South Africa we only have 2 to exchange from Fiat to crypto, making things very difficult.... For me this is the main barrier.... But I completely agree that decentralized is the THING!