Review on Bitcratic by LUIS RIVERO R
Small decentralized exchange, ETH
This is one of the most complete and easy-to-use decentralized exchanges, it has a user-friendly interface and negotiation processes are similar to those of traditional exchanges.
-Its code is open and it is published in github, it is possible to use the available repositories.
-The fast customer service, and I answered some questions that I present when using this exchange.
- The negotiation rates are low, considering that it is an ETH smart contract. However, it is sad not to be able to find other popular currencies due to its compatibility.
- It is necessary that new marketing methods be implemented to market and advertise it, for now it remains stagnant.
The main problem with these exchanges is that they are not compatible with Bitcoin, Ltc, nano, etc., which means that many users do not want to access or test the benefits of exchanging in a decentralized way. Practically making each blockchain that supports smart contracts Create its own de-centralized exchange, causing people to move from one place to another in order to exchange, something that not everyone is willing to do. So as long as no problems like this are solved, Centralized Exchanges, dominated by bots, where our assets are insecure will remain dominant.
However, my experience using this platform was simpler than other Dex.
Pros
- It has available more than 218 active pairs.
- Exchange desentralized, do not save user data.
- It is really easy to use when buying with other de-centralized exchanges.
- If the token is not listed it is possible to add it to the store, it should only be added.
- It is open source.
- Simple but powerful when using it.
Cons
- Despite having so many tokens, it does not have a large market share, even when compared to small exchanges.
- It is impossible to find updated data related to the market and volume.
- Some tokens do not have purchase or sale orders.
- It is not compatible with popular cryptocurrencies.
