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Trading on a DEX is free trading on an exchange costs you fees. People are just lazy and use exchanges because they provide easy to use apps and stuff and cash
by noxer 5y ago
Trading on a DEX is free trading on an exchange costs you fees.
People are just lazy and use exchanges because they provide easy to use apps and stuff and cash out to fiat etc. but this changes because exchanges are horrible at staying up when the market moves fast and everyone wants to trade.
Sologenic DEX [1] is an modern UI for a DEX to trade.
Cutting out the middlemen was once a key point of p2p and decentral systems. It was kinda lost with all the non tech savvy people storming the crypto space.
[1] https://www.sologenic.com/ecosystem/sologenic-decentralized-exchange https://www.sologenic.com/ecosystem/sologenic-decentralized-...
(The DEX runs on the XRPL, Manticore Securities AS(the company behind sologenic) has no control over it)
- arcticbull 5y agoWeren't DEX trade fees in the thousands of dollars during the big part of the crash a few weeks ago?
- noxer 5y agoYou are using the wrong DEX then. Pro tip: Dont use one that runs on a PoW system. PoW chant be cheap.