Review on IDEX by The hsotaka
My review about the decentralized IDEX exchange.
Today i want to share my experience with the decentralized exchange "IDEX".
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I'm using IDEX from time to time to buy and sell ERC20 tokens.
It's a decentralized exchange based on the ethereum blockchain, which means you can connect any ether wallet with the exchange.
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You can use MetaMask or your hardware wallet to connect your wallet with the exchange. It's quite easy, so everyone with average crypto knowledge should be able to understand how it works.
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Decentralized exchanges are a great innovation, but they can't compete with the performance of their centralized competitors yet. They still have a long way to go.
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Pros
- Probably the most popular decentralized Ethereum exchange.
- No fake volume.
- Nearly all popular ERC20 tokens are listed, volume is acceptable for most of them.
Cons
- Withdrawal limits and fees are too high.
- Minimum Trading Limit is too high.
- No chance to recover lost wallets.
