Worried about your crypto-assets being stolen? Well, if you are, you aren’t alone. Most cryptocurrency
holders/investors share your fears and sadly, that’s because of there aren’t enough decentralized cryptocurrency exchanges. The infrastructure isn’t completely in place yet and that forces us to depend on centralized exchanges.
However, that doesn’t mean you have no options at all. Though few and far in between, here are a handful of decentralized exchanges that you can put all your hopes on. Let’s take a look at them.
Waves Dex
Waves Dex, which is just Waves Decentralized Exchange, is a Waves Cryptocurrency & Blockchain product. As a decentralized exchange, it offers you both, control of funds on the Blockchain and accelerated exchange processes. The latter is a direct result of using a centralized matching service.
So, in a way, you’re getting the best of a decentralized and a centralized exchange.
Waves Dex is built on the Waves blockchain, which means users can trade their cryptocurrencies in exchange for Waves or any such asset token issued by the platform.
At the time of writing, the volume on this exchange is 187 Bitcoins, which is considered good enough for decentralized exchange that has a listing of around 72 cryptocurrencies,
CryptoBridge
CryptoBridge is one of the newer decentralized exchanges to enter the market. It runs on the BitShares Network and supports decentralized trading for all major altcoin pairs while eliminating all points of failure.
You have the convenience of holding your own private keys, which means only you can access them.
There are, of course, certain features that set it apart from its competitors and centralized exchanges. For starters, it has a native BCO token known as BridgeCoin. It allows the staking of BCO tokens and a 50% revenue share with BCO Holders.
Finally, thanks to federated servers, there is no single point of failures.
Logging in is quite easy. All you have to do is use the unique username selected by you and the cryptographic password, which is generated automatically. Make sure you note this password down.
At the time of writing, the volume on the exchange is 201 Bitcoins, which is good for a decentralized exchange that boasts 38 cryptocurrency pairs.
Oasis Dex
Oasis Dex is a decentralized exchange from MakeDao that allows cryptocurrency purchases. However, this exchange is still in the alpha-testing phase, which means trading can be a little risky. However, that doesn’t change the fact that it offers a good volume for 3 cryptocurrency pairs, namely MKR/DAI, MKR/ETH, and ETH/DAI.
The exchange can be accessed by creating a MetMask account on the Ethereum DApp.
Volume at the time of writing here is 90 Bitcoins, which isn’t too bad for an exchange with just 3 cryptocurrency pairs.
IDEX<
IDEX is one of the more popular decentralized exchanges out there that allows trading with ERC-20 tokens. It is considered as the number one alternative to EtherDelta. In fact, it ranks higher for user-friendliness.
Apart from a clean look, you have access to analytical tools for carrying out charging and TA.
Volume at the time of writing is 360 Bitcoins, which is great for a decentralized exchange with 130 cryptocurrencies listed on it.