Review on IDEX by Danh Huỳnh Ngọc Công
Idex is a very popular DEx in cryptocurrency community. The exchange is very…
Idex is a very popular DEx in cryptocurrency community. The exchange is very reliable with many promising development. With a strong team behind, although there are still some drawbacks, its future is so bright. I feel very satisfactory using it!
Updated 5 years ago
Rating changed from 4 to 3
Negative point: The exchange requires a huge amount of withdrawal fee, making it hard to decide if we should keep our assets on the exchange or move them to our own addresses
Pros
- - This is one of the most successful Dapp on Ethereum blockchain - There is no need to register with email, mobile phone number and identity - There is no minimum deposit limit - There are a lot of trading pairs - The exchange is secure by Ethereum blockchain, the second most secure distributed ledger currently - The UX and UI are very simple and clean - No typo mistake is found - Only the authenticated projects will be listed - Trading volume is very good - Rewarded staking and trading fees reduction are available as an incentive - The team has many plans for the future of this exchange - No KYC/AML is required - Support service is very helpful - There is a good backing community for this exchange - A good team is developing this exchange - Reasonable fees on trading is a strong advantage
Cons
- - Being a DEx, Idex will be laggy if there are any network congestion - There is no way to recovery lost wallet ( the main problem of DExs) - There are not many tokens on this exchange as the listing rules are very strict - Minimum Trading limits are too high - Coins/tokens on other blockchain cannot be traded on this exchange
