Review on PoloniDEX by LUIS RIVERO R
Decentralized version of Poloniex. Your keys your funds.
Specially designed for users who basically use TRX, this is the decentralized version of created by the renowned Poloniex exchange but all the characteristics of use and protocols in the Tron network.
For users who are familiar with centralized exchanges, Polonidex offers an easy-to-use trading interface, from the first moment you can start trading with the funds available in your wallet. (Your private keys and funds are really yours.)
Each process is executed in a smart contract on the tron network, fast and secure.
Why use Polonidex?
-Basically the main feature that can make you start using it is that the cryptocurrencies stored in your wallet are always in your custody, the responsibility is greater and any error or loss is applicable to the end user.
-Lower rates, when we analyze other exchanges based on another popular network this is an attraction to use, plus there are no additional deposit or withdrawal fees.
-There are no limitations by location or individuals, anyone is free to market.
-You can trade pairs with USDT, so it is tempting for traders.
Some negative aspects to consider is its low volume in some recognized cryptocurrencies, also it does not have as many users as could be expected.
In general, people who are currently concerned about how some centralized exchanges handle their information and funds. In this sense, Polonidex is a reliable alternative mainly because it is built on the Tron network and is essentially not accountable to third parties as it happens in some chains. Transactions on this network are really fast and cheap. It also has all the experienced support of Poloniex
Pros
- Easy account creation, you just have to download the tronlink extension.
- Highly decentralized, fast and secure.
- It relies on the volume of the tron network for transactions
- Low fees, compared to other blockchains.
- It has a wide variety of trading pairs.
Cons
- Some cryptocurrencies are illiquid.
