Review on IDEX by Killer Bean
A projects that utilizes decentralization to its best...
Idex was founded in 2016 as a smart contract based exchange. Idex is a decentralized and ethereum based exchange that allows it users to confirm their trades with their own private key. Idex's trading volume isn't as high as it was expected, hence it is not a highly liquid exchange. Trading with idex attractsa fee for both takers and makers, a 0.2% fee is charged from a taker and 0.1% from a maker. Its representative token, IDEX tokens are easily gotten, the idex token can be used on any trading platform so far the platform supports ethereum and ERC-20 tokens. Staking is also possible with idex, this staking fetches the user a good return(profit). Idex ensure that through the help of decentralization it distributes its servers and prevent itself from attacks and external threat. The withdrawals fees on idex is cheap and affordable by any able-trader. It is easy to get started on Idex, even down to withdrawal, it's all easy! Idex doesn't support the use of fiat tokens like USD and EUR that is why deposits can only be made with cryptocurrencies and not even wired transfers. With Idex you are in complete control and ownership of your funds. This project is not for everyone most especially beginners except you have been a trader for quite a while. Apart from that, Idex is a very promising project with great hopes and projection for the future.
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Pros
- It is easy to use
- It is a decentralized exchange
- its decentralization has accounted for its security
Cons
- it accept cryptocurrencies as the only form of deposit
- it is not ideal for beginners
