So, every now and then I see a post about the beauty of a decentralized exchange. Well here's the thing. You can't get USD on a Decentralized Exchange, adding new coins to trade will always be a headache, and since there won't be any censorship, scamming with new, random, 2 day old altcoins will be abundant, among other things
Decentralized Exchanges sound good in theory, but in practice it just isn't plausible.
Decentralized Exchanges sound good in theory, but in practice it just isn't plausible.
You can buy a CoinoUSD asset, which represents the actual USD price, 1 CoinoUSD = 1$ (or 74.2936 NXT - latest ask order), on NXT decentralized asset exchange (as I can see same is in BitShares). And if you want to cash out, you just exchange CoinoUSD using Coinomat service to USD (see here).
There is definetely not enough volume right now, but that's just a matter of time. SuperNET is coming
Check NXT wallets, the exchange is built into client: SuperNET 1.2b (try Advanced mode, using SuperNET plugin you can withdraw cash to your bankcard directly from the wallet), NXTLite (no need to download blockchain) or try Secure Asset Exchange (SAE)
