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Melotic: I thought the whole point was that counterparty was a decentralized exchange

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pinheadmz

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Location: San Francisco, CA

What advantages are there to trading on Melotic?

Posted on July 24, 2014 at 3:47 PM

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• Itchy Crotch

  

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  The advantages that I see right now are: 1) More liquidity 2) It doesn't require you to keep your counterwallet open 3) No posting fees (just trade fees)

  Posted on July 24, 2014 at 4:49 PM
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• Cryptonaut

  

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  Location: Canada

  speed is a huge factor here. Decentralized exchange is great because we dont have to rely on the existance of a regular exchange.. but in order for any trades to go though, you need to wait for at least 10 minutes or more for a block confirmation, which can make things pretty slow. there are trade offs for both types of exchange

  Posted on July 24, 2014 at 5:22 PM
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• pika

  

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  I have a feeling the dex will be used once there are more people using counterwallet. I'm sure there will also be a lot of wallets with great trading abilities to come.

  Posted on July 24, 2014 at 5:37 PM
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• Cryptonaut

  

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  @pika I have a feeling the dex will be used once there are more people using counterwallet. I'm sure there will also be a lot of wallets with great trading abilities to come.

  Its not too bad actually, iv used the DEX multiple times now successfully. Even sold a bit of LTBcoin on it :p

  Posted on July 24, 2014 at 5:40 PM
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• adam

  

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  wait til you see the new DEX trade interface, looks like bter with a worse paint job. Very slick.

  Posted on July 24, 2014 at 7:52 PM
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• dpc

  

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  Location: Central California

  The new counterwallet DEX is up and it's pretty slick. Decentralized exchanges are just another option. They won't necessarily end all centralized exchanges.... yet.

  Posted on July 25, 2014 at 9:36 AM
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• dirtyboots702

  

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  Location: SLC

  @adam wait til you see the new DEX trade interface, looks like bter with a worse paint job. Very slick.

  It's not bad...I like the layout a lot. Cant wait to use it!

  Posted on July 25, 2014 at 10:11 AM
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• Mike

  

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  Location: Chicago, IL

  Competition is a good thing, whether it is decentralized or not. Its good to give people options and have fail-safes.

  Posted on July 25, 2014 at 10:41 AM
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• angrycanuck

  

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  @mike Competition is a good thing, whether it is decentralized or not. Its good to give people options and have fail-safes.

  And really we all saw what happened when there was only 1 main exchange in a unregulated system....ugh

  Posted on July 25, 2014 at 7:54 PM
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