Review on Binance DEX by Toprak Dere
About Binance DEX
The world has the highest transaction volume and the most used crypto money exchange binance has launched the Binance DEX without centers in the beginning of 2019. Binance Dex; The Binance was built on Chain and serves web wallets and BlockChain Explorer infrastructures. In addition, there is a trading interface similar to Binance's traditional stock market and trading can be done easily.
Block Explorer service is also available from Binance dex. In other words; Address, operation id or blocks can be opened to the trading records without any third-party software using any third-party software.
The Trade is also quite simple and useful as we know the buying interface from Binance. The receiving tables on the right side are the graphics and left in the middle area. From the lower right, the boxes that can be ordered to receive or sell.
After you create the Binance Chain wallet, you can traduce with Crypto Coins on your wallet by connecting to Binance Dex.
Currently, you can see the "Exchange" section on the main page of the Crypto coins traded in Binance DEX. The current Tokens are traded in the face of BNB Tokens transferred to Binance Chain with Swap. You can send BNB to your Binance Chain address to get Token in Binance Dex. All Tokens need BNB to take the Token as it is trading against BNB.
Pros
- In ventilated stock exchanges such as Binance Dex, users do not have to create an account. All transactions are performed directly on the BlockChain and the non-escrow is provided with the user's own wallet.
- The main return of using a central system is freedom and increases the control of users on their own money
- simple and user friendly interface
- High Level Security and Encryption
Cons
- none
