Today, I'm looking into moving toward decentralized crypto-currency trading platforms. There aren't a whole lot out there yet
I have been following the SuperNet (now Komodo) which has been working on the decentralized exchange BarterDEX and Nxt, which has an asset exchange, for a long time now.
With those being the only crypto exchanges I know of, and the Nxt exchange is an asset exchange, not a coin exchange, I thought I would look into what other options there are for moving out of the centralized exchanges.
Why would I want to move my crypto off from centralized services? Privacy mostly. Staying away from Know Your Customer (KYC) businesses doing the government's snooping for them is a safer way to maintain the freedom of market trading.
Of course, the geeks are hard at it for us.
Decentralized Crypto-Currency Exchanges
- Bisq - A desktop application p2p bitcoin to fiat exchange network. It is an open source [*] Decentralized Autonomous Organization (DAO)[*] in which you can trade fiat currency for crypto (particularly bitcoin).
- OpenLedger: Allows fiat on or off ramp, but is currently disabled. I haven't figured out if this is a long term problem or not.
To maximize options, it may be best to use an array of centralized and decentralized trading platforms. For now, I want to check prices to see how they compare against each other. So far, I Bisq prices seem to be very good. OpenLedger is a little more hit or miss in the brief time I have been looking at the markets on that platform.
Do you know of any other decentralized trading platforms out there?