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Top 10 Decentralized Cryptocurrency Exchanges

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Decentralized exchange

What is a decentralized exchange?

They are the most preferred way to trade cryptocurrencies. DEx or decentralized exchange are very popular and usually used to exchange Bitcoins and other cryptocurrencies and easily devoid of any interference of centralized exchanges. They cut the centralization system where there is no third party involved. You only need to get an account registered on your name before trading along with the listing of few cryptocurrencies of your choice. DEx paves a way to transfer or trade the coins on their network with nominal fee with very quick services devoid of any geographical limitations.

What are the benefits?

A. No geographical limitations:

The decentralization of servers enables the system to spread around the globe. So, there are no boundaries and limitations in terms of regions and areas while trading.

B. Very private:

This system is not only decentralized but also it respects your privacy. Many exchanges allow you to create your account without much identification and personal details.

C. No stoppage:

Even if the servers go down, they might work a bit slow, but the network will never stop!

D. Full control:

When you own a DEx account, you will be having the whole authority over it, and that what DEx means. You will be responsible for your actions and will have full control over your funds.

Below is a list of the top DEx where you can create an account to trade crypto. The list does not imply their ranks, however:

Top decentralized exchanges:

1. Waves DEX:

This DEX has a traditional approach to the incoming orders where your orders will be matched with the servers, but since it is a DEX, they won’t have any authority over your money. They provide quite a good amount of security which gives a win-win situation to the traders.

2. IDEX:

This DEX is mainly focussed on the peer-to-peer trading of ERC20 tokens. It claims itself as Decentralized Ethereum Asset Exchange which will have been gaining positive responses from the traders. It kind of gives a traditional exchange feel, where you have to deposit your coins on their exchange.

3. Bisq:

Privacy of your keys and coins are a major aspect while trading. Thus, keeping that in mind Bisq has this huge aspect of privacy on its platform. It very privacy-focussed platform. They treat all the transactions on their platform very privately and by no means will be under the scrutiny of governments, central banks etc.

4. Kyber Network:

It boasts itself as a Gen-next DEX, which makes use of smart contracts for trading. It focuses on the ERC20 trading.

5. AirSwap:

It uses the Swap protocol on their platform. It is mainly concerned with the ERC20 tokens, which will give an efficient experience for the traders having the ERC20 tokens.

6. Oasis DEX:

Some efforts are required when it comes to making an account with this DEX since you will have to go for a MetaMask account or by using certain programming languages like solidity, python etc. It provides great benefits to the traders with Ethereum-based ERC-20 tokens.

7. CryptoBridge:

It is a very different platform for trading cryptos, where privacy is the major feature. The private keys are always with the users. Neither their platform nor their employees have any power over your funds.

8. Counterparty DEX:

It works as per the Bitcoin blockchain to enhance the crypto trading in a peer-to-peer manner. It gives the freedom to create your own digital assets which can be easily traded on their DEx. Their main aim is to create a peer-to-peer ecosystem for the crypto-based trading on the top of Bitcoin blockchain.

9. Blockonix

Blockonix is an upcoming decentralized exchange that will be 100% decentralized and run by its community. The exchange earns 0% and all its transaction fee is used to buy back its native BDT tokens.

10. Shapeshift.io:

It is quite a popular DEx which facilitates you to trade your cryptos in a very private method where you can trade in certain modes like the options of quick and precise trades for the more filtered approach of trading. Week by week they list down the new tokens according to their high or low liquidity.

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Best Tools to track Cryptocurrency Markets: CryptoCompare, CoinMarketApp, CoinGecko

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There are different websites and mobile applications designed to keep the track of cryptocurrency market, we cover the Top 3 of these.

The cryptocurrency market includes the prices and market capitalizations of different Cryptocurrencies like Bitcoin, Ethereum, Stellar and many others. Currently, there are thousands of cryptocurrencies, markets are 16084 and market capitalization is about $124,123,711,224.

 

There are different websites and mobile applications designed to keep the track of cryptocurrency market, we cover the Top 3 of these:

 

CryptoCompare.com

Known for its high-end API and real-time tick data, CryptoCompare has been serving the cryptocurrency space from 2014.

Founders: Charles Hayter & Vlad Cealicu

CryptoCompare shows real-time data for more than 5300 Coins and 240k trading pairs, enough for an entire overview of the market. Users can see live Order books, historical data, reports, social data and reviews on all cryptocurrencies. The website is very easy to use and is free for everyone.

 

CoinGecko.com

We love CoinGecko because it focuses on tracking community growth, events hosted by teams and open-source code development apart from the usual price tracking, market capitalization and volume traded. It was also founded in 2014.

Founders: TM Lee, Bobby Ong & others

CoinGecko’s team is very dynamic and is very active on social media like Twitter, Telegram & Facebook. They cover more than 260 exchanges with live data and have more than 3300 cryptocurrencies. They are free for everyone to use.

 

CoinMarketApp (Mobile Application)

When it comes to easily track the live prices and your portfolio on your mobile, CoinMarketApp is the preferred choice for most. With live alerts on more than 1400 Cryptocurrencies, the app saves your time and alerts you on every move.

Download on Android

Download on iOS

Apart from cryptocurrency prices, the app lets you manage your portfolio, mining pools, new contracts and the latest news from the crypto industry.

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Altcoins

Cryptocurrency Market Updates: Bitcoin May fall further

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The cryptocurrency market is still facing the same bullish trend today, yet again. Bitcoin price recovered a little with trading around $4300 to $4400.

The cryptocurrency market is still facing the same bullish trend today, yet again. Bitcoin price recovered a little with trading around $4300 to $4400. Yesterday the price of bitcoin fell up to $4190. Ethereum is still trading at a year and a half low of $125. Apart from ethereum, most altcoins are showing small corrections. Bitcoin Cash moved 3% upwards while Monero has moved 4% upwards in the last 24 hours. Bitcoin Gold and Bitcoin Diamond have had good gains for the day with 8% and 16% rise. IOTA is trading at around $0.32 which shows a 6% improvement from yesterday’s price. NEO is up by 5%. However, the small gains are nothing in front of the massive downtrend these altcoins went through in the past couple of days.

 

Cryptocurrency Market Capitalization Improved

The total cryptocurrency market cap yesterday came down up to $136 billion which was the lowest of 2018. In the last 24 hours, cryptocurrency market has managed to add $4 billion in the market capitalization adding to $140 billion. Over the last week, the cryptocurrency market had lost over $40 billion and over the last month, around $70 billion have been erased from the cryptocurrency market capitalization which is yet to be recovered.

 

Bearish predictions for bitcoin

While the market cap is trying to recover the price predictions for bitcoin still remain bearish as many cryptocurrency analysts have predicted that the only support after the current significant support of $4000 is at $3000. So if the price drops below $4000, it will definitely reach down to $3000 after which the price is expected to recover.

 

The overall situation of the market is still harsh as there is no major recovery from the massive losses that occurred in the past few days. What do you think about the bitcoin predictions being made by crypto analysts? Tell us in the comments section below.

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#Bitcoin

Bitcoin Cash Hard fork screwed the whole cryptocurrency market

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Whole cryptocurrency market is suffering because of the continues wars going on between ABC and SV which has created a bad reputation of the crypto space.

The original Bitcoin Cash split into Bitcoin ABC and Bitcoin SV during the hard fork but no one is sure to weather BCHSV or BCHABC will survive in the market as the hash wars still continue. The hard fork has lead to an uncertain future of Bitcoin Cash and also screwed the whole cryptocurrency market. The Price of both the new coins is on a continues decrease where Bitcoin Cash ABC values at around $226 and Bitcoin Cash SV values at around $76.

 

Cryptocurrency Market Crash

The whole cryptocurrency market is suffering because of the continues wars going on between the two teams which have created a bad reputation of the crypto space to the newbies. At this time when more and more institutional investors were entering into the cryptocurrency space, the hard fork has created a feeling of Fear, Uncertainty and Doubt amongst them.

 

BTCUSD yearly chart

BTCUSD yearly chart

 

As the hard fork started, the entire cryptocurrency market faced a downfall where all major cryptos are on a 6 month low with bitcoin trading around $5200 that is a yearly low for the most dominant cryptocurrency. The decline is the price has created fear in the minds of investors who are now talking about capitulation.

 

Should Craig Wright be blamed?

Craig Wright who claims to be the real Satoshi Nakamoto and the founder of the original bitcoin has been funding his side of the war using BTC. Cryptocurrency enthusiasts around the world are criticizing Craig Wright and also calling him a lier.

 

 

The local media’s role

The real reason behind the rise of cryptocurrency and blockchain was the mass adoption by people who heard about it through local media. At that time, the local media described bitcoin and other cryptocurrencies as the future of money explaining the decentralized nature of such currencies, but now due to the wars within the cryptocurrency ecosystem, the local media has started to criticize cryptos and people have started to lose faith in the crypto market.

If the amount of money being used in such hash wars would have instead been used for the development of the crypto ecosystem with advancements such as lightning network, the market could still be flourishing rather than being on the verge of getting sunk.

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