Unmistakably, everyone is very paranoid about having their digital assets stolen or lost, and most of these mishaps happen on centralized exchanges. As such, we are on the count for safer and more secure crypto exchange platforms where we can trade with peace of mind. Well, we do know that the centralized exchanges are good, but only to an extent. They are certainly not the best when it comes to safety. On the other hand, incidents such as Mt Gox hack and Bitfinex internet breaches have done well to imbibe more fear among crypto users.
In spite of all, investors are coerced to deal with centralized exchanges, which basically violates the rudimentary tenants of the decentralized crypto economy. That given, at the point where the decentralized infrastructure is completely built and ready to function, it will bring about a new wave of change into the cryptosphere. In light of that, here are the best places where people can exchange their digital assets without worrying about the safety of their funds.
This decentralized crypto exchange platform makes us of the much-known swap protocol. AirSwap focuses on facilitating ERC20 trades, at a rate which makes it very necessary for Ethereum to double down on scaling. Be as that may, the platform offers traders and optimized experience, as its website is built to explain that a good number of existing exchange designs have to deal with front-running and race conditions per challenge. The exchange was formed with fairness in mind and helps traders avoid these seemingly conventional issues. ERC20-focused DEX businesses may be becoming saturated, and that is owed to capitalism. But AirSwap will need to deliver its promises much more quickly in order to hit the ground running and blow its competitors out of the water.
If you want to trade Ethereum tokens without having to do it through an intermediary, then Radar Relay is one of your best options. The decentralized exchange gives crypto traders a MetaMask wallet, which has some digital funds in it to enable you to pay for the gas fees and so on. Last heard, the initiative was still in its beta stages, but from the looks of it, the exchange is up and running. That notwithstanding, the exchange has just about enough volume to get your hands dirty. The platform as well gives you control over your funds. The only thing you need to worry about while using the service is the recovery phrase of your MestaMask wallet. For a much safer option, you can use Radar Relay with your Ledger Nano S wallet.
Bisq is short for Bitsquare, a peer-to-peer marketplace for crypto assets such as Bitcoin. The fully decentralized exchange platform does not require names, email IDs, or verification processes from users. In order to be a genuinely anonymous peer-to-peer system, Bisq makes use of Tor and does not hold fiat Bitcoin on its servers and accounts. From placing an order to executing the transaction, every aspect of the crypto trading site is entirely decentralized. Bisq currently supports about 126 cryptocurrencies - including BTC - and can be used on Windows, Mac, and Linux. Nevertheless, the trade volumes are somewhat low. The way Bitsquare works is a system whose scope is much larger than what even ten lines can discuss. But, the platform is a sophisticated array of processes intersecting a multiplicity of digital assets.
Also called the Waves, this decentralized exchange platform is the brainchild of Waves cryptocurrency and blockchain, as usually discussed in cases such as CoinSutra. Waves Dex offers crypto traders with the best of two worlds by affording them control over their funds on the blockchain system. The platform is as well built to accelerate the exchange process with the aid of a centralized matching service. Due to this provision, a user is able to enjoy both the centralized and decentralized spheres. Being that the service is built upon the Waves blockchain it allows you to trade your Bitcoin or Ethereum in exchange for Waves. You can also exchange them with any other asset token that is issued on the Waves platform. At the time of writing, the volume of the Waves Dex exchange is 187 BTC. That is a decent number, especially when we address it in terms of a decentralized exchange with lists 72 crypto assets.
This has to be one of the most popular crypto exchange websites. The decentralized exchange is built in such a way that it allows users to exchange crypto assets in the blink of an eye without depending on KYC (Know Your Customer) or AML. But that is not the best part, because the exchange is as such as you do not need to know who is on the other side of the transaction, which makes everything go as smoothly as can be. Is it your aim to anonymously exchange your digital assets and get something instant and powerful? Well, Changelly is just what you are looking for. The getting-started process is not just quite easy, but also fast. All you need to do is log on to Changelly, select the coins you want to exchange and provide your wallet address. The platform will handle everything else.
For the fact that it makes use of the atomic swap technology, it is unarguable that BarterDex is one of the most advanced decentralized crypto exchange platforms out there. The only thing that may be a little below the bar is the site’s UI (User Interface). It will hopefully be redesigned in time. BarterDEX is a product of the Komodo platform, and time was when it crossed 60,000 atomic swaps on its exchange. In addition, their new GUI wallet model is still in its development stages. Expectedly, it will be much faster to use. It will be available on Windows, Mac, and Linux platforms.
There are many other crypto exchange platforms out where. Some of them are still being built, holding great promise for the cryptosphere.