Options out there for us today (for a lack of a better word) suck. We need a DEX we can trust.
I, like many of you, spent an insane amount of time researching, reading and learning about blockchain and crypto prior to jumping in with my ‘precious’ fiat dollars. The potential and current pace of adoption made this an easy decision for me and many others. However, after making my decision, I was met time and time again with denials for account creation based solely on the country and the U.S. state I live in. Welcome to crypto in a crypto-ignorant, highly regulated country. I fought through these headaches, waited my appropriate two-week verification and off buying and selling I went!
As my confidence both as trader and investor grew, it became clear to me — I need a decentralized exchange to match my now decentralized cryptocurrency. Surprise was on me. Nothing viable even exists. How could that be? After the many debacles, hacks and controversies from the centralized exchanges how can we not all be trading non-stop on a DEX platform? Much like blockchain itself, the DEX market is immature and still growing. I decided to dig deeper into the working DEX platforms and see which ones have the best possibility of success in the future.
So, I share with you all my experiences, key learnings and takeaways from today’s DEX platform options.