I DO NOT PARTICIPATE IN PAID REVIEWS OR PROMOTIONS. IF YOU HAVE BEEN APPROACHED BY SOMEONE ON TELEGRAM CLAIMING TO BE A PART OF THE CRYPTO TIPS TEAM, THEY ARE SCAMMERS! Twitter: https://twitter.com/blockchainchick Instagram: https://www.instagram.com/realcryptotips/ LBRY: https://lbry.tv/@Crypto-Tips:b LINKS FOR ADDITIONAL READING FOR THIS VIDEO & ALL INFO IN TEXT DOWN BELOW: Video Suggestions: What to Expect After the Crypto Crash: http://www.youtube.com/watch?v=prqfMa6l32s Why I Think KYC is a SCAM: http://www.youtube.com/watch?v=FHd03EuK2b4 Is There a Future for Decentralized Social Media?: http://www.youtube.com/watch?v=jwKm0p3lCWA 5 Important Things Crypto Exchanges Don’t Want You to Know: http://www.youtube.com/watch?v=_VcdEovm8u8 My Top Picks for BTC Documentaries: http://www.youtube.com/watch?v=YwLdCxcCJas Bisq Hack: https://www.coindesk.com/hacker-exploits-flaw-in-decentralized-exchange-bisq-to-steal-250k Komodo Explains CEXs Downfalls and in-depth look into other DEXs: https://komodoplatform.com/decentralized-exchange/ CryptoBridge KYC: https://www.youtube.com/watch?v=rEanXzJc8mM Check the volumes/fees on different DEXs: https://dex.ag/ Levels of decentralization to consider and why Is it just a non-custodial exchange? For a while so many new exchanges were coming out calling themselves a DEX while boasting some VERY centralized aspects. Perhaps due to being called out for this misrepresentation, I’m really not sure, some of them have made the concession to change their vocabulary to call themselves non-custodial exchanges instead. Not everyone believes that full-decentralization will produce good results. But it depends on what the goals are. For example, user-friendliness, speedy trades (liquidity), organized order book, making money for those who are at the head (CEOs) Here are some ways that an exchange can be centralized: Custodianship Permissioned Order Books/ Order Matching How you access it, via website hosted on centralized servers, or from local application? ETHERDELTA HACK Public figures/Leadership positions (CEOs) Headquarters With these in mind, here is what I could find out about the most commonly recommended decentralized exchanges. Blocknet They are all about blockchain interoperability, so you are able to trade cryptocurrencies from different protocols unlike those who are confined to the Ethereum and ERC20 ecosystem. Bisq- WARNING OF HACK, bitcoin to fiat gateway, no registration, privacy oriented, peer to peer trades that mostly involve BTC and XMR, servers run through Tor so no threat of centralized servers getting hacked. They operate as a DAO, not a centralized company, but if you wanted to become a mediator or arbitrator your approval is dependent on the DAO’s decision. IDEX- Very user friendly, similar UI as centralized exchanges, works with certain hardware wallets. Non-custodial but otherwise there are instances of centralization in regards to their order books. Kyber ETH and ERC20 tokens. Instant swap service rather than an exchange but it does offer the ability to place limit orders. Currently Kyber is NOT permission less, you need approval to become a Reserve to provide liquidity. Atomic Swap (Komodo) One of the originals pursuing development of atomic swaps, dedicated dev team. Their previous DEX project called BarterDEX required their users to first download both of the blockchains involved with the trade, so that would be very cumbersome for anyone that is working with an average computer or laptop, this new version looks to be much more user friendly by supplying users with a wallet capable of storing up to 25 different cryptos across different protocols, BTC, ETH, and all UTXO-based coins. BUT it looks to be a mobile application.