Best Decentralized Crypto Exchanges List
So why should you consider trying decentralized crypto exchanges?
To put it as simple as possible decentralized exchanges simply give the power back to the users. Unlike centralized exchanges that are closed source, and holds the private keys, decentralized exchanges are open source, and usually either operate through a downloadable app or connect private keys through open-source software. Meaning user’s funds never leave the wallet, and cannot be frozen.
And whether you realize it yet, or not, decentralized exchanges are the way of the future. And that is why every true crypto enthusiast should also have a decent understanding of the differences between centralized and decentralized exchanges.
That being said, here we have gathered some of the largest and most established decentralized exchanges in the whole blockchain industry.
Check our new pillar post that ranks decentralized exchanges based on readers’ votes!
AtomicDEX was the first decentralized non-custodial wallet that integrated the atomic swap features. Making it possible to securely store your coins, and to trade in the peer to peer manner multiple different coins and tokens with minimal transaction fees, and without never having to give up your precious private keys.
Block DX was one of the first truly decentralized Peer to peer exchange that allowed communication, interaction, and exchange between different blockchains via linking nodes together through a downloadable platform. The Block DX platform with its protocol is truly revolutionary in the sense that it is completely decentralized meaning it is not bound to any centralized entity, not a domain name, not a wallet app, and not even one blockchain.
Waves Exchange is one of the most advanced decentralized exchanges and platforms to this day. The exchange offers an interactive interface with total control of assets, and access to major fiat, and cryptocurrencies including BTC, LTC, and ETH. On top of this users can launch their own tokens on the exchange, track and trace every transaction through the transparent blockchain, stake their tokens, and more.
Binance DEX is an advanced decentralized exchange with some of the largest volumes in the industry. The exchange provides a seamless secure similar interface as it’s a regular centralized exchange. It also has over 281332 active wallets, 130+ trading pairs, and competitive trading fees.
Bisq is the world’s first fully decentralized peer to peer fiat exchange. This platform is quite literally one of the most advanced in the industry, as it lets anyone trade Bitcoin with national currencies and without even needing to register an account.
XBTS is a little heard newcomer when it comes to decentralized exchanges. The exchange is downloadable on any platform, it allows funding with multiple cryptocurrencies including Bitcoin, Bitshares, and SmartHoldem, the platforms own core coin. It also has many advanced features such as the ability to earn up to 80% of trading fee rewards.
IDEX stands for Decentralized Ethereum Asset Exchange, and it’s currently the most popular #1 DEX build on Ethereum. The exchange is the first Ethereum based DEX that supports real-time trading, and high transaction throughput. Other advanced features include limit and market orders, gas-free cancels, and the ability to fill multiple trades at once.
Uniswap is a fully decentralized liquidity protocol build on Ethereum. The platform gives access to liquidity for thousands of users and hundreds of different applications. And with the build-in Uniswap exchange users can instantly swap Ethereum to any of it’s token instantly.
StellarTerm is a decentralized advanced client that lets users send, receive, and trade assets on the Stellar decentralized exchange. It’s important to note the project is built independently from the Stellar Development Foundation meaning StellarTerm nor the developers of it are involved with operating the Stellar network.