Review on IDEX by Shalom Kolawole
REVIEW ON IDEX DECENTRALIZED EXCHANGE
Idex in a world where centralized exchange continue to experience momentous hack time to time again, decentralized exchange has come to renegade such problems among the decentralized exchange. The IDEX decentralized exchange which has come to being since 2017. The exchange has a lot of service provided on it and act as a centralized exchange by in. Exchange wallet of which the user held the private key making the wallet a decentralized one in some sort. It's '' no middle man '' style of crypto currency exchange support. It's aims of being decentralized with an average volume of $300,000 and hosting over a 100 ERC 20 tokens, it is a trader choice of an exchange
The exchange has a great graphical user interface that has not stopped being updated time to time again allowing easy interactions with it's exchange with support for 6 different languages
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
