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416.5 Karma

Review on Waves Exchange by Danh Huỳnh Ngọc Công

Revainrating 4 out of 5

Waves Decentralized Exchange is an excellent trading platform

Waves Decentralized Exchange is an excellent platform to trade a wide range of coins and tokens on it. The exchange let users trade a directly from their wallet and offers a very nice trading interface. Its volume is very good compared to the existing decentralized exchanges. In the future, it can be evolving into something very massive and that the fact everyone knows



Pros
  • - Unlike the decentralized exchanges, Waves Decentralized Exchange does not suffer significantly from the attacks of the hackers thanks to the consensus algorithm of Waves blockchain
  • - Transaction speed and transaction fees on the exchange depend heavily on the nature of Waves blockchain; as a result, transactions are put through in a timely manner and traders don't have to pay much to get the job done
  • - The trading interface is almost perfect as every element is put in one screen and there is not need to scroll down. Every function is arranged properly making it super convenient when trading
  • - There are more than one hundred trading pairs on wave exchange right now and this number is huge for a decentralized exchange
  • - The volume of Waves decentralized exchange is just incredible; there are not may DEX can maintain the volume this high for such a long time
  • - Users can deposit coins and tokens from other blockchain to the exchange and start trading. Sending fiat currencies to this exchange is also possible which is just so amazing
  • - Buying and selling cryptocurrencies on this exchange feels so easy and satisfying. It is just like on the centralized exchanges
  • - The provide a very detailed documentation explaining the operation of the exchange and users can reach their customer support via zendesk page
Cons
  • - The operation of this decentralized exchange may be affected if Waves blockchain experience congestion
  • - There are not many competitions and campaigns to give some benefits to the traders on this exchanges
  • - It does not provide many financial services like the ones that centralized exchanges deliver