1 Level
15 Review
22 Karma
Review on 0x by Tiger Lee
Personally, I use metamask (a software wallet) to start trading. Later on…
Personally, I use metamask (a software wallet) to start trading. Later on, when I became more and more into coin trading, hardware wallets become a necessity for better security. In short, wallets help you keep the private keys at a safer place. Software wallets like metamask are safer than centralized exchanges. Hardware wallets are even more safer than software wallets for another layer of isolation. I used ledger nano s. Trezor is equally great. I also wrote an article on 0x which may be helpful to you.
Pros
- With 0x, Relayers directly compete against each other for liquidity,volume and fees where big players will end up having the lion's share as they will have a larger marketing budget, leading to less fees due to more volume. On Kyber, reserve managers benefit from a single brand, and only compete on a price aspect, and don't need to market themselves.
Cons
- Exchanges that use ZRX's protocol doesn't has guaranteed liquidity. So, if an exchange fail to attract trading volumne, then no one will use it. On the other hand, Kyber has liquidity providers and pull price from sources. So, price on Kyber isn't going to be as ridiculous as an exchange without volume.
