19 Best Decentralized Crypto Exchanges in 2021 (Ranked By Readers!)
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.
Use the filtered links below to quickly find the top-ranking exchanges on each category.
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.
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.
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.
Swop is an instant automated market-making crypto exchange build on Waves. The platform is very similar to Uniswap, but basically on steroids, allowing anyone to quickly and easily swap between multiple currencies, and to provide liquidity with extremely low fees.
Matcha is an Ethereum and 0x powered decentralized cryptocurrency trading platform. Matcha requires no account, it has no trading limits, and it is designed to save your money and time. Using the platform traders can directly put limit orders on various Ethereum based DEXES at once and with zero fees.
1Inch Exchange is the most popular and widely used Ethereum based DEX aggregator. The platform helps users to discover the best rates across all leading ETH dexes. Traders can also set up limit orders, provide liquidity, and more.
Block DX was one of the first truly decentralized open-source Peer to peer exchange that allowed communication, interaction, and exchange between different blockchains via linking nodes together through a downloadable platform. The platform 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.
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.
LN Markets is the first Lightning Network powered Bitcoin derivatives trading platform. The exchange requires no email, or registration, all that is needed is a lightning wallet which you can connect to the app directly.
Atomex is a unique multicurrency HD wallet with a built-in atomic swap exchange. The platform not only supports anonymous and secure exchanges of digitals assets such as Bitcoin, Ethereum, Litecoin, Tezos, and USDT. But there are also no additional fees for trading other than the network fees. And alternatively, users can also delegate deposited Tezos for baking.
Liquality is a cross-chain atomic swap cryptocurrency wallet exchange. The wallet offers simple, non-custodial, registration-free swaps of various different Bitcoin and Ethereum based tokens, such as USDC, DAI, USDT, WBTC, and UNI. The wallet can also be downloaded as a browser extension or used through an intuitive web interface.
JellySwap is a trustless peer-to-peer atomic swap cryptocurrency exchange that provides a variety of assets for swapping including BTC, ETH, BNB, USDC, DAI, and more. And unlike many other AtomicSwap competitors, with Jelly’s Butler automated market-making protocol, users can also start providing liquidity and earn decent stable income running simple software on their own machines.
Binance Smart Chain DEX
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.
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.
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.
Boltz is a privacy-first accountless non-custodial cryptocurrency exchange build on Lightning. The exchange currently supports swaps between Bitcoin and Lightning, and few other currencies, including Ethereum, Litecoin, and USDT.
DogeDEX is a simple and easy-to-use DEX for trading Doge and other cryptocurrencies without needing to trust third parties. Powered by the already established AtomicDEX, DogeDEX is a fun fork for all the Shibas in the world.
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