List Of Top Decentralized Exchanges (DEX) To Trade Cryptocurrencies

by | May 10, 2018 | Cryptocurrency, Cryptocurrency News

Decentralized Exchange | DEX | Cryptocurrency Trading via Decentralized Exchange | DEX Updates | Cryptocurrency exchange

Most of you would have heard of several centralized cryptocurrency exchanges like Coinbase and Binance. However, if now you’re looking to branch out further, I highly recommend you to try a decentralized exchange. In this article, i have mentioned the list of top decentralized exchanges to trade cryptocurrencies.

Centralized Exchanges are more popular, but the point to note is that cryptocurrencies are fundamentally decentralized. Centralized Exchanges are volatile in nature and prone to hacks. This is because storage of Bitcoins and other cryptocurrencies is made possible and hence can be stolen away in a matter of seconds.

Centralized Exchanges are also under constant crackdowns by various governments such as China, making their based unstable.

A decentralized exchange, commonly known as DEX, brings in the concept of decentralized such that you can make trades peer-to-peer (P2P) without ever having to entrust your digital assets to a third party service. Because as the cryptoverse has seen time and time again over the past several years, such third party services can be hacked or implode into oblivion, losing users’ investments in droves.

Here, we’ll take a look at the 9 most popular and reliable decentralized exchanges that you can use at this very moment, or in the near future.

List of Top 10 Best Decentralized Exchanges


IDEX is one of the most popular decentralized exchanges in use. It was launched in September 2017 and supports the largest number of tokens by far, over 200. It also has a signed strategic partnership with the WINGS foundation, and any ICO launched through the latter will automatically be listed on IDEX. IDEX only supports ERC-20 tokens.

You have to deposit coins on the exchange as well, which is also like EtherDelta but unlike other DEX services like Changelly and Shapeshift. In this sense, IDEX looks and feels like a traditional exchange.

For a measure of security, though, it is possible to use IDEX with MetaMask and Ledger Nano S. Additionally, there is a staking program that allows you to stake the exchange’s token and earn a share of the fees generated from IDEX.

Use IDEX now

Waves Dex

During launch back in April of 2017, the Waves cryptocurrency platform announced the creation of the Waves DEX as part of their initiative to reverse “Decentralized blockchain token, being traded on very centralized exchanges.”

Users can trade Bitcoin and Ethereum for the Waves token, or any other token supported by the exchange. These others coins include ZcashLitecoin, and any coins built on the Waves platform. The platform also incorporates TradingView charts, which is a handy feature for serious investors that offers a fiat gateway for various fiat currencies.

Currently, there are 72 cryptocurrencies listed on WavesDex.

Use Waves Dex Now

Stellar Dex (SDEX)

Stellar, a project with its eye on remittances and micropayments, like Waves, also advertises its DEX as a major part of its platform. Called SDEX, this exchange was launched in October 2017.

Cryptocurrencies supported by SDEX are Bitcoin, Ethereum, Ripple, Litecoin, as well as some fiat currencies, including the US Dollar, Japanese Yen, Chinese Yuan, and Hong Kong Dollar.

To get started on using the Stellar network, you must first create a key pair. The key pair consists of two parts:

  • Public key: The public key is used to identify the account. It is also known as an account. This public key is used for receiving funds.
  • Secret key: The secret key is used to access your account and make transactions. Keep this code safe and secure. Anyone with this key will be able to access your funds on the Stellar Dex.

At the time of login, you just need to enter the Secret key and deposit 20 lumens(XML) in order to start trading.

SDEX also offers atomic pathfinding, which means that it automatically finds the cheapest asset trading pairs for your convenience.

Use Stellar Dex Now

OpenLedger Dex

OpenLedger was founded in 2015 and is a company based out of Denmark. It is the ideal exchange platform for beginners as well as experts. It is built on the Bitshares Platform which provides freedom along with the stability of the dollar.

OCASH which is the first all in one crypto ready debit card is tied up with the OpenLedger network. 2018 is promised to be exciting for Openledger as there are projects which will be rolled out over the next 6 months.

Opening an account on OpenLedger is quite easy as it doesn’t require any registration or KYC to start with.

The volume of trading is at 320 BTC currently with 125 cryptocurrencies currently listed.

Use OpenLedger Dex Now

CryptoBridge DEX

Cryptobridge supports the decentralized exchange of popular altcoins. With the transparency of withdrawals, deposits, and trading it allows the client to take full control of the coins they own. Thus there is no single point of failure.

CryptoBridge has no control and access to the client’s funds.  Even though it is new in the field of decentralized exchanges, it can process upto 100,000 transactions per second and has average confirmation time of just 3 seconds.

The CryptoBridge USP’s are:

  • It has native BCO token called as BridgeCoin.
  • It allows BCO token staking and 50% revenue share with BCO HODlers.
  • It has no single point of failures because of its federated servers.

Use Crypto Bridge Dex Now


The decentralized exchange, OasisDEX, is a decentralized extension of Oasis.Direct, a decentralized trading application, founded by MakerDAO. Their exchange currently only supports Ethereum, DAI, and MKR. This may call into question its place on this list, but it has been included because there is strong commitment from the team to include many more ERC-20 coins and Bitcoin support as well.

However, the exchange is in alpha testing phase and not recommended for trade that much.

Use OasisDex Now

Radar Relay

Radar Relay, a decentralized exchange that allows you to trade Ethereum tokens without the interference of any middleman.  A 0x relay facilitates orders on 0x. When an order is complete, it is settled on the Ethereum blockchain using 0x smart contracts.

No signups or deposits are required. You can trade directly from wallet to wallet. It also supports both MetaMask and Ledger Nano S.

Use Radar Relay Now


BarterDex is the most advanced decentralized exchange as it uses technology of atomic swaps to be decentralized.

The User Interface is still in the working and currently not very smooth. Recently BarterDex, which is a product of Komodo platform that crossed 60,000 atomic swaps on its exchange recently.

Also, the new version of their GUI wallet which will be available on Windows, Mac, Linux is under development and is expected to be much user-friendly and fast. But for advanced users, the old GUI version is available on Github here.

The volume at the time of writing on this exchange is 2 BTC with more than 80 cryptocurrencies/crypto assets pairs listed on it.

Use BarterDex Now

Bisq (Bitsquare)

Bisq is an open source platform organized as a Decentralized Autonomous Organization, which can be used in less than 10 minutes. It has all the characteristics to keep the decentralized culture of cryptocurrency alive. It is easy to use, secure and is a system of peer to peer exchange.

Decentralization the highlight on this platform, it it uses Tor with no cryptocurrencies or fiat being held on their servers. It is a beyond anonymous with a complete privacy to the user, just as the main reason for cryptocurrency to exist.

Bisq currently supports 126 cryptocurrencies (including BTC) and is available on Windows, Mac, and Linux platforms, but trade volumes are low.

Use Bitsqaure Now

Kyber Network

Kyber Network recently launched it’s decentralized exchange services. The DEX also offers trading cryptocurrencies in exchange of it’s own native token called Kyber Network

Use Kyber Network

The above were some of the decentralized exchanges on which you can trade cryptocurrencies. In case if you are looking for best cryptocurrency exchanges, here is the list :- 

List Of Best Cryptocurrency Exchanges To Buy/Sell Altcoins | Best Cryptocurrency Trading Platforms

Also read:- List Of Top 7 Best Fiat-to-Cryptocurrency Exchanges In US publishes latest news and updates about Bitcoin, Blockchain Technology, Cryptocurrencies and upcoming ICO’s.

Rohit Kukreja

Rohit Kukreja is a Commerce graduate with Financial Markets expertise involving Stocks, Forex, Futures & Options Market and now Bitcoins & Cryptocurrency Markets. Blockchain Enthusiast but not a techie, Rohit is an active member of various Blockchain & Crypto communities all over India.

Like us on Facebook

Get latest Bitcoin & Cryoptocurrency News

Subscribe to our newsletters to get latest Bitcoin and Cryptocurrency news.

Thank you !

Pin It on Pinterest

Share This