Review on TomoDEX by Adedayo Adeniji
TOMODEX
TomoDex is a decentralized exchange that allows you borrow and earn straight from your wallet without holding any custody over your assets.
TomoDex proves to be unable to be used except you link your wallet and the compatible wallets are Trezor, Ledger Nano S and metamask.
TomoDex charges 0.00035btc as withdrawal fees and charges no trading fees for both taker and maker.
TomoDex allows US investors and doesn't accept any method of fiat deposits be it wire transfer or credit and debit cards which means it doesn't qualify as an entry level exchange.
TomoDex has at present an improved liquidity with good security measures put in place and it supports about seven cryptocurrencies with trading pairs of 24 and a present trading volume of $45365.64.
I still encourage you do your due diligence before initiating a trade with TomoDex.
Pros
- It is decentralized
- It does not charge trading fees
- It is well secured and doesn't hold any custody over your assets
Cons
- It supports too few cryptos
- Its liquidity is just bouncing back
