What do you guys think of DEX's? Do you think they will be a game changer and ultimately replace services like Shapeshift?

Last night, I did my first DEX exchange on CryptoBridge. I traded some BTC for BCH and BCO. I am so thoroughly impressed with the experience and it really has me excited about the future of Crytpo exchange. It reminded me of Bittorrent, but instead of sharing files you trade currencies. It's just an app that you install on your computer and connects you to a p2p network. Like Bittorrent, It is effectively immune to Government regulation in a way that centralized exchanges can not ever be.

I sent some btc to the exchange, traded it for BCH and then withdrew it all in a matter of a few minutes. I didn't have to identify myself in any way. No name, no email address, nothing like that at all. I didn't have to wait for someone at an exchange to "approve" my withdrawal. I couldn't believe how seamlessly anonymous and easy the whole process was, and the GUI is also beautiful and very user-friendly.

I'm not trying to shill for CryptoBridge, but the whole experience really gives me a lot of hope that no matter what Regulators do to the centralized exchanges and services like Shapeshift, they'll never truly be able to control the crypto market. I think DEX's are going to become the norm in due time, but I'm curious to hear what you guys think of them. Perhaps there's some flaws that I have not considered.

submitted by /u/AnarchoCicero
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source https://www.reddit.com/r/btc/comments/9jvalt/what_do_you_guys_think_of_dexs_do_you_think_they/