Pros
- security, protocols
- protocols
- good attention to users.
- Supports 6 languages
Cons
- Withdrawal limits of 0.2
- not support flat Currencies
IDEX Review
28
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Followers 2
·
Average
Rating
3.6
Crypto Exchanges
Description of IDEX
What Is IDEX?
IDEX positions itself as the first hybrid liquidity DEX, combining an order book model with an automated market maker. That gives the exchange the features of a traditional order book while leveraging the liquidity and security of an AMM. It also uses an on-chain trade settlement and an off-chain trading engine. Therefore, there are less failed trades and money wasted on gas fees. IDEX aims to provide users with a more pleasant and efficient trading experience.
Moreover, the instant execution on the exchange prevents front running and sandwich attacks. Users trade without the delay of previous trade settlements, which opens up the possibility of more advanced order types and trading strategies. Limit orders and arbitrage opportunities with other exchanges are also open to customers.
Liquidity on the exchange comes from the automated market maker, which displays virtual limit orders in the order book, same as the actual limit orders to visualize liquidity. The exchange uses smart contracts to decentralize fund custody and trade settlement. The smart contract triggers trade execution off-chain but settles the trades on-chain, thereby enabling the order book model. It also acts as an escrow and restricts fund movement until the settlement is finished. Sequential trading and a special function in the smart contract ensures that funds cannot be restricted indefinitely. Moreover, the smart contract enforces ownership and authorization, meaning users maintain custody and can make markets without additional infrastructure.
Who Are the IDEX Founders?
Alex and Phil Wearn are the founders of IDEX. The brothers previously worked for major companies like Amazon, IBM, and Adobe. In total, the IDEX team is over 30 people strong.
When Did IDEX Launch?
The exchange launched in 2017, with a 2.0 version going live in the fall of 2020 after IDEX closed a $2.5 million seed round investment.
Where Is IDEX Located?
According to LinkedIn, the exchange is based in Panama.
IDEX Restricted Countries
IDEX complies with sanctions regulations and anti-money laundering policies. No use is allowed for customers from Iran, North Korea, Cuba, Syria, Crimea, New York State, and Washington State. Furthermore, the exchange requires users to complete a KYC process.
IDEX Supported Coins List
The exchange supports futures trading of all the major cryptocurrencies and ERC-20 tokens.
How Much Are IDEX Fees?
The exchange levies a 0.25% fee on takers. 0.2% is sent to liquidity providers, and 0.05% is collected as protocol fees. At the time of writing, there is no maker fee on this exchange.
Is It Possible To Use Leverage or Margin Trade on IDEX?
The exchange is currently working on enabling leverage trading in the future.
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Pros
- Low exchange costs It is very simple to use
Cons
- No problems
Pros
- The provider relies upon at the token of the platform to be non-compulsory in case of liquidity despite the fact that the actual mission is to make a contribution to the boom of the marketplace.
- It is going to some other degree of professionalism way to the mixing of measured virtual resources, and a unique set of protocols.
- Great assist from the employer in addition to true interest is given for users.
- Platform with countable capabilities that relies upon on traits in particular covered for the protection, protocols, and the outside channels of buying and selling.
Cons
- None
Pros
- Low transaction fee
- It's very easy to use
- Nice user interface.
Cons
- No negative reviews for now
Pros
- One Thea has wallets that make it easy and convenient to store assets
- Great support from the company and good attention to users.
- There are different types of token-based tokens that can be traded
Cons
- KYC did not approve
- Help is based on the symbol of the scene
Pros
- Stage with countable highlights that relies upon characteristics uncommonly included for the security, conventions, and the outer channels of exchanging.
- Extraordinary help from the organization just as great consideration is given for clients.
- It goes to another degree of polished skill on account of the incorporation of estimated advanced assets, and a unique arrangement of conventions.
Cons
- The help relies upon the badge of the stage to be discretionary if there should be an occurrence of liquidity albeit the genuine errand is to add to the development of the market.
Pros
- Platform with countable features that depends on qualities specially included for the security, protocols, and the external channels of trading.
- Great support from the company as well as good attention is given for users.
- It goes to another level of professionalism thanks to the integration of measured digital resources, and a special set of protocols.
Cons
- The service depends on the token of the platform to be optional in case of liquidity although the real task is to contribute to the growth of the market.
Pros
- Easy to use, simple, fast and secure
- It list many of the ERC 20 tokens
- No fake volume
- Fast transaction
Cons
- Creating an account required
- No chance of recover lost wallet
- No KYC verify
Pros
- Decentralized exchange platform with users support to connect their ERC base wallet with user control
- Support multiple ERC token
- Fast and easy access to ERC base pairs
Cons
- IDEX face high competitive market
Pros
- Has a standby Live support team
- Supports 6 major languages
- Has an inbuilt wallet of which the users are in control of their private keys
Cons
- There are so many inactive currency pairs on the exchange
- Trade fees of 0.1% for the market makers and 0.2% for the market takers and an inclusion of gas fees paid by the taker is too high for a Decentralized Exchange
- Withdrawal limits of 0.2 Eth worth of tokens is also considered high in my opinion
Pros
- The exchange has integrated wallets that facilitate convenient and easy storage of assets
- It offers regular promo through which it's token 'aurora' could be earned
- It is highly secured
- Investors has full control over their funds
- There are wide varieties of ethereum based token that can be traded
- Very reliable customer support and extensive guide via the FAQ section of the platform
Cons
- Deposit is only through cryptocurrency
- Does not support flat Currencies
- Only ethereum based Currencies are supported
Pros
- It has a lot of competition in the digital market.
- It can be linked with digital wallets.
- Supports a wide variety of ERC-20 tokens.
Cons
- The wallet has some limits on its operations.
Pros
- Idex has a very good customer support team, and they can be reached on Twitter and telegram.
- IDEX has an intuitive interface, which makes the platform easier for use, it is fast and secured.
- It is a decentralized exchange based on Ethereum, and it offers its services to users all around the world
- IDEX does not have access to their clients funds, users has full control ofor there wallets.
Cons
- Idex does not support fiat currency.
Pros
- I have been using this exchange for a few years and never experience bad things about security
- Decentralized platform with regulated system
- Completed trading pairs ( over 400 alt pairs )
Cons
- Idex need to improve the website stability and speed
- There is a lot of inactive project with zero volume still trading in idex
Pros
- IDEX lists a lot of ERC-20 standard tokens on this platform
- Users are trading on a peer-to-peer basis, the nature of the exchange is decentralized. Users fully hold ERC-20 tokens in their own wallets
- Supports a variety of standard ERC20 wallets as well as extensions like Metamask, Ledger nano
- simple and easy to use
Cons
- Small trading volume and low liquidity
- The difference between buy order and sell orders is large
Pros
- you can buy cryptocurrencies with local currency
- liquidity in transactions
- very good security
- optimized interface for users
Cons
- -only operates in japan
Pros
- One of the most popular platforms by ethereum users
- Most ERC20 tokens on your list
Cons
- You won't be able to get your wallet back if you lose it
Pros
- Good services in transactions
- Easy to use
Cons
- No chance to recover lost wallets.
- Minimum Trading Limit is too high
Pros
- Users do not need to create an account, they only need to import wallets containing ERC20 tokens or they can create a new wallet on IDEX
- Decentralization allows users to hold their tokens
- The transaction speed is fast because this is a decentralized exchange
- It lists many of the ERC20 tokens
- It supports multiple languages including English, Chinese, Spanish, Korean, and Vietnamese
- Support a number of transaction areas with the ERC20 stablecoin
Cons
- The customer care system is not good
- The trading volume is low and the liquidity is not high
- High transaction fees
Pros
- Accepts a wide variety of ERC-20 cryptocurrencies.
- It has a very easy and intuitive interface for users with less experience.
- The fees that this exchange platform has are low compared to other exchanges.
Cons
- Does not accept fiat currency.
