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Is there a usable DEX yet? I tried Bisq and it was quite good, but there's low liquidity (which I didn't really mind at the time).
by StavrosK 5y ago
Is there a usable DEX yet? I tried Bisq and it was quite good, but there's low liquidity (which I didn't really mind at the time).
- vmception 5y agoYes, all the AMMs on Ethereum, EVMs and even Cosmos environments (Secret Network) So Uniswap, Sushiswap, Pancakeswap, Quickswap, etc. All bitcoin traded there is wrapped, with the bitcoin itself having varying degrees of trusted or trustless custody. Even if you are triggered by the concept of using other chains, Its no different than depositing on exchange, or trading against other deposits on an exchange. A “one time it wasn't immutable 6 years ago” network and even a “21 - 100 validator” network is still better than a centralized exchange’s cold storage.
- StavrosK 5y agoAh, thanks. I tried to use one of those (I think Uniswap) but I remember having to pay for gas and the fees were something like $20? Not worth it for a $100 transaction, but I might be misremembering.
- vmception 5y agoUse larger amounts and/or don’t use the ethereum network. The network fees are static and any slippage is told before hand. All the liquidity and volume is in these AMM systems