Review on Paradex by Danh Huỳnh Ngọc Công

- Paradex is a decentralized exchange on Ethereum blockchain so the transactions are verified and authenticated by thousand of nodes; therefore, the exchange is less likely to be hacked by like the centralized exchanges

- There is no need to sign up or verify identities when users want to trade on this exchange. The private and sensitive information of traders will not be exposed to the public

- It is an open-sourced project with its source code published on Github. By this, the community regard it as a transparent product which can be trusted and can be developed further

- This decentralized exchange has the most professional user interface among DEXs that I have used. It does look like a centralized exchange rather than a decentralized one

- Trading on Paradex is quite simple as you just need to transfer your funds to the smart contract and start your trading. There will be no deposit fees or withdrawal fees. No verification is needed to withdraw assets and you can withdraw any amounts you want. Also, users can track transaction history on the exchange or between the exchange and the wallets anytime they want. This DEX is so similar to a CEX that I have to check it many times

- They provide an always-on FAQ bubble on the right of the screen so it is convenient for anyone who has some problems with interacting with the exchange

- A shred of obvious evidence for the quality of Paradex is that it is acquired by Coinbase and will be introduced to non-US customers of Coinbase first and US customers later