The need for decentralised exchanges

  • It’s fast (the chain doesn’t process every transaction only on close)
  • It’s cheap (no tx fees just a fee to close the channel and update the respective chains)

Semi-decentralised

Decentralised

  • + trustless,
  • +on-chain,-slow
  • -no auto-matching
  • -expensive & difficult
  • -frontrunning by miners possible)
  • + secure
  • + point to point trades
  • + anyone can relay trades
  • - financial risk for relayers, if buyers cancel last minute
  • - gas cost risk if one party pulls out the last minute gas cost still has to be paid, miners could abuse this to set up bogus orders
  • +no relayers or order book
  • +no transaction fees
  • +secure
  • -reserve operators set the price
  • -liquidity issues possible
  • +secure on-chain
  • +p2p speedy
  • +no frontrunning possible
  • -no auto-matching, so it’s more like eBay for tokens
  • -bogus orders to manipulate pricing is possible
  • +fully decentralised
  • +nice gui
  • +more than just an exchange
  • +user issued assets
  • +fiat assets
  • - low adoption
  • -limited liquidity
  • +fully decentralised
  • +user issued assets
  • +fiat assets
  • - low adoption
  • -limited liquidity
  • +desktop application
  • +anonymous
  • +fiat currency support
  • -gui
  • -limited liquidity
  • -no auto-matching
  • +Fully decentralised
  • +24/7 customer support
  • +very nice gui
  • + has done successful atomic cross-chain swaps
  • - still in testing phase, but signup is already possible

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Happily hopping up and down on the cryptocurrency markets

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