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LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW:

Video Suggestions:

What to Expect After the Crypto Crash: http://www.youtube.com/watch?v=prqfMa6l32s

Why I Think KYC is a SCAM: http://www.youtube.com/watch?v=FHd03EuK2b4

Is There a Future for Decentralized Social Media?: http://www.youtube.com/watch?v=jwKm0p3lCWA

5 Important Things Crypto Exchanges Don’t Want You to Know: http://www.youtube.com/watch?v=_VcdEovm8u8

My Top Picks for BTC Documentaries: http://www.youtube.com/watch?v=YwLdCxcCJas

Bisq Hack: https://www.coindesk.com/hacker-exploits-flaw-in-decentralized-exchange-bisq-to-steal-250k

Komodo Explains CEXs Downfalls and in-depth look into other DEXs: https://komodoplatform.com/decentralized-exchange/

CryptoBridge KYC: https://www.youtube.com/watch?v=rEanXzJc8mM

Check the volumes/fees on different DEXs: https://dex.ag/

Levels of decentralization to consider and why
Is it just a non-custodial exchange? For a while so many new exchanges were coming out calling themselves a DEX while boasting some VERY centralized aspects. Perhaps due to being called out for this misrepresentation, I’m really not sure, some of them have made the concession to change their vocabulary to call themselves non-custodial exchanges instead.
Not everyone believes that full-decentralization will produce good results. But it depends on what the goals are. For example, user-friendliness, speedy trades (liquidity), organized order book, making money for those who are at the head (CEOs)

Here are some ways that an exchange can be centralized:
Custodianship
Permissioned
Order Books/ Order Matching
How you access it, via website hosted on centralized servers, or from local application? ETHERDELTA HACK
Public figures/Leadership positions (CEOs)
Headquarters

With these in mind, here is what I could find out about the most commonly recommended decentralized exchanges.

Blocknet They are all about blockchain interoperability, so you are able to trade cryptocurrencies from different protocols unlike those who are confined to the Ethereum and ERC20 ecosystem.

Bisq- WARNING OF HACK, bitcoin to fiat gateway, no registration, privacy oriented, peer to peer trades that mostly involve BTC and XMR, servers run through Tor so no threat of centralized servers getting hacked. They operate as a DAO, not a centralized company, but if you wanted to become a mediator or arbitrator your approval is dependent on the DAO’s decision.

IDEX- Very user friendly, similar UI as centralized exchanges, works with certain hardware wallets. Non-custodial but otherwise there are instances of centralization in regards to their order books.

Kyber ETH and ERC20 tokens. Instant swap service rather than an exchange but it does offer the ability to place limit orders. Currently Kyber is NOT permission less, you need approval to become a Reserve to provide liquidity.

Atomic Swap (Komodo) One of the originals pursuing development of atomic swaps, dedicated dev team. Their previous DEX project called BarterDEX required their users to first download both of the blockchains involved with the trade, so that would be very cumbersome for anyone that is working with an average computer or laptop, this new version looks to be much more user friendly by supplying users with a wallet capable of storing up to 25 different cryptos across different protocols, BTC, ETH, and all UTXO-based coins. BUT it looks to be a mobile application.

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40 COMMENTS

  3. So sad. Growing up I was told that government was publicly elected and democracy was sooooo great… Now they are the enemy that we the people are fighting 🙁

  4. Thank you for your video on dex's, I am interested in learning how to trade in pairs and in essence become your own exchange, anywhere you know of that I can learn all about using liquidity…??

  5. @6:20 Not sure if that's me you're referring to, but I did leave that comment on you KYC video. And yeah, I did request deletion of my Fractal account since CryptoBridge shut down, and I did get a confirmation email from them:
    —
    "Thank you for your email and your patience. Please note that Fractal ID takes data protection seriously and cares about your privacy. Therefore, we understand your request to execute your right to erasure under Article 17 GDPR and will take the following steps:

    -Prevent any further processing of your personal data that may be relevant to the KYC/AML requirements of Fractal ID partners

    -Immediately delete your Fractal account details

    -Notify any parties who may be processing or storing your personal data on Fractal’s behalf to delete such data"
    —
    FWIW, Fractal seems to be a legit company with a solid reputation.

  10. Try binance dex, and the crypto currency CanYacoin CAN, it powers the freelance platform CanWork. With millions of people in lockdown, plenty would be looking for alternative jobs and income streams.

  12. If you like Kyber, you should also check out uniswap. I think this came out before Kyber. Only can trade between ETH ERC20 tokens though.

    But that's all I do, I trade between ETH and DAI.

  20. i think it would be beneficial to give examples of bad dexes, it is hard to really understand what to avoid. there are too many other good dexes, so understanding the bad ones is even more important that when it comes to the centralized ones

  21. There are some other DEXs that are in development. Do you plan to do a followup video in the future on DEXs to cover new ones in the space? If so, should those projects contact you to let you know about them?

  24. Just joined Steller, tried to buy on their free exchange and they never accepted my credit card, then tried my debit card and my bank disapproved, then i tried with my regular exchange and Bobs your uncle was able to get fiat transferred, then changed to Steller, I checked on complicated free steller site it had a padlock in front of me Steller coin, so confusing.

  30. Stakenet is launching a TRUE Dex.
    No KYC or Geo blocking.
    P2P trading over lightning.
    So instant swaps. First ever to accomplish that.
    Check it out by going to their discord.

  34. ETH is a sect coin with blind followers around a nonchalant guru financed by secret millionaires and billionaires whom have a hand in every crypto out there????pump & dumping on everyone. Stay away from this failed platform.

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