So firstly I would like to go ahead a explain the reasons that I believe decentralized exchanges are far superior to centralized exchanges, why they will take over from centralized exchanges and why EOS is the perfect platform to host them then secondly I will independently review each DEX is running on EOS.

Centralized exchanges have come under scrutiny since their genesis for being untrustworthy, slow to respond to assistance requests(occasionally they never do), censoring certain coins, freezing funds in crucial times in attempts to manipulate the market, defrauding customers with exit scams and using their large stack of deposited coins to vote in plutocratic votes on Proof-of-Stake networks in ways to benefit themselves at the stake of the community and against the interest of the coin holder(which is perfectly fine if they “own” the coins in the traditional sense of the word as opposed to just having custody of others coins). This is just some of the numerous complaints about this style of exchange although the idea of decentralized exchanges have not taken off practically until now due to the lack of transaction speed on Ethereum. EOS has the ability to scale to many thousand transactions per second which now allows for excellent decentralized exchanges and within a few short months of the main net becoming live we have already seen 3 different DEX’s, those being DEXEOS, and DeltaDex.

  1.  DEXEOS

DEXEOS was the first decentralized exchange to begin trading on the EOS platform and has been trading coins with no fees since its birth. I am unaware if they are not charging fees as they nut all of the unseen and edge case bugs out of the code or if they intend to not charge fees at any point in the exchanges lifespan but as it stands this is the biggest draw card to this exchange for my mind although the interface is quite clunky and the wallet features of the exchange are not ready as of yet.


     – Feeless

     – Many airdropped coins listed

     – First on the platform

     – No KYC


     – Unintuitive interface design

     – No means to tranfer coins from the users EOS wallet to a smart contract or other EOS account from within the exchange(although this is in the works)

2. has been on EOS for around a month and is proving itself as a serious player in the EOS DEX market. The interface is slick and easy to understand, all wallet features are ready for use and have been implemented and they have include an account page which neatly lists your balance of each coin the exchange trades in its nominal amount held and its current worth in EOS according to the last spot price that each token was traded at although I believe the EOS balances shown should be derived from the amount of EOS the market is offering for the said coins if a market sell order was to be made. The one downside to this exchange is that the current fee on the platform is 0.01% which is fine compared to centralized exchanges and even DEX’s on Ethereum but compared to the other DEX’s on EOS which are trading tokens at a fee of 0% for at least the time being it looks quite pricey.


– Great easy to use interface

– High liquidity comparably

     – Wallet features along with balances


– 0.01% trading fee

3. DeltaDex

Last but not least DeltaDex is a very new exchange which has only been trading for a few days although by all reports thus far looks promising. This platform has a great and easy to understand interface although the only 2 coins are being traded at the moment and both with relatively low liquidity compared to the other 2 DEX’s. Delta Dex also has no fees for its beta period which is a bonus along with on-chain order books and precision to 8 decimal places. All up I think its very early days for this exchange although as said previously this project looks quite promising.


– Great easy to use interface

     – No fees

     – Ability to look at the smart contract that is the back end to this exchange

     – On-chain order books


– No wallet features

     – Low liquidity, 2 trading pairs

     – Very new and untested


EDIT: now has added a very cool new feature where instead of needing to log in with scatter the platform gives the option to display a QR code which gets scanned by the MEET.ONE app on your mobile phone and immediately logs you in like scatter. Not sure whether this means that the exchange can be used on mobile or tablet but seems like a brilliant idea!

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  1. Gren May

    If you’ve ever suffered month-long delays trying to withdraw funds from a centralized exchange you can know how much easier a DEX can be. Exchanges put a lot of effort into the backend and the front-facing GUI, and basically zippo into customer support. If any major issue arrises, a CEX will flush the queue of complaints and deny previous orders. Wouldn’t want a margin call during any of that!