Review on IDEX by Alex Martakov
All indicators IDEX justifies its growing reputation as a more attractive…
All indicators IDEX justifies its growing reputation as a more attractive younger brother EtherDelta (might not be regarding only age, as IDEX actually surpasses EtherDelta in trading volume ). Two-level model calculations of the transaction avoids the same pitfalls that affect the system EtherDelta, and it makes as a whole easier, less unpleasant shopping experience.
However, this model has its drawbacks, namely that it makes sharing not completely carefree. You still control your private keys, but rely on the exchange to execute trades for you, leaving the last step of the process somewhat centralized. Fortunately, IDEX has implemented the AURA token and their new model to address this issue, so we expect the exchange to become even more decentralized as 2018-2019 moves forward.
Pros
- The exchange has a chat window where users and support team can respond to requests and problems. The page of frequently asked questions about the exchange is quite complete and comprehensive. Alex and Phil Warne, founders of IDEX, are also actively involved in discussions and usually respond promptly to customer questions and complaints. - convenient platform; - operational trade; - several types of orders; - order book; - detailed guide; - low fees; - ability to use multiple wallets; - high safety.
Cons
- - lack of bitcoin support; - no trading instruments; - no possibility to use Fiat money; - minimum order limits; - the limits of removal; - the fee for gas.
