DEXs (decentralized exchange) and CEXs (centralized exchange) are two different trading types that can both be used to trade digital currency such as Bitcoin. They are also two different types of platforms that allow users to exchange cryptocurrencies with other users.
The CryptoNote Protocol (also known as CN) was developed in order to overcome the limitations of existing cryptocurrencies. It allows a decentralized currency to be issued, and used, without the need for a trusted third party such as a bank or payment processor.
You see new Cryptocurrencies arise every day, and you wonder how they can be created. There’s a lot of talk about Decentralized Exchanges, but they seem to be few and far between. DEXs provide a much needed bridge between a centralized exchange and a decentralized one, that allows ERC20 coin holders to trade directly with each other, without the need of centralized exchanges. DEXs have potential to be the future of cryptocurrency trading, as they allow for greater trading freedom, and also remove the trusted third party from the equation. What are DEXs, and what can they do for you?. Read more about decentralized exchange and let us know what you think.
DexMex is a brand-new kind of decentralized exchange that introduces a number of innovative features to the market. Uniswap, the world’s largest DEX by market capitalization, can testify to the fact that your trading choices are restricted. Only the most basic trading operations, such as buy and sell, are available on the network. So, what if you want to use a DEX to do more sophisticated trades? DexMex’s development team thinks they have the solution.
DexMex is currently operational. The exchange provides customers with a number of capabilities that are often only available on CEXs. For example, a peer-to-peer leverage mechanism integrated directly into the network may help you increase your holdings. Experienced traders like leveraged trading, but it has been absent from the decentralized industry.
On DexMex, you can also short cryptocurrencies. Shorting is a common trading technique among both institutional and experienced traders. You make a big investment prior to a market collapse when you short a digital asset. In the vast majority of cases, you’ll want to short with leverage. For those unfamiliar with shorting, it is the practice of purchasing an asset and immediately selling your holdings with the intention of repurchasing the coins at a later date. You repurchase the item, pay off the debt, and retain the difference if the coin’s value decreases.
Many of your favorite features of Uniswap are carried over to DexMex, including its decentralized structure and the ability to stake coins and generate passive income. You also get complete interoperability throughout the ecosystem since the network is built on top of Ethereum’s blockchain. You may exchange any ERC-20 token, as well as NFTs and other items. All transactions are conducted in a peer-to-peer environment, ensuring a safe and secure trading experience for you.
Privacy is essential.
Unlike the majority of public centralized exchanges, you will not be required to fill out lengthy and sometimes excessively invasive KYC paperwork. DexMex’s non-custodial nature ensures that your privacy is protected. Furthermore, since the exchange never stores your digital assets directly, it provides an additional degree of protection to your trade.
Fees are reduced.
When compared to other prominent exchanges, DexMex customers save money on fees. To enter a position, the network offers a flat cost structure that levies a modest 0.8 percent trading fee. This cost is much lower than that charged by centralized exchanges like Coinbase, which has been reported to charge about 1.6 percent on transactions. These savings aid traders in achieving greater returns.
Obtain Your Rightful Share
DexMex’s fee redistribution mechanism is another appealing aspect and incentive to consider moving. The platform redistributes 0.05 percent of all staking fees back to DEXM token holders. Users are enticed to keep the network’s native token via redistribution schemes, which assist to create trust in platforms. Best of all, you won’t have to waste time exchanging reward tokens to another digital asset. On DexMex, all prizes are paid out in ETH immediately.
Longevity Protocols Using Deflationary Protocols
To guarantee the long-term viability of the business, DexMex implements several deflationary measures. Specifically, 0.02 percent of all fees will be burnt or repurchased. By decreasing the overall quantity of tokens in circulation, each of these methods may assist to boost demand. As a result, most DEXs today consider deflationary measures to be a necessity.
Traders on DexMex may use the simple interface to open long or short trades. To set up your trades, you don’t need any previous technical knowledge. In addition, the exchange provides open positions that work in the same way as perpetual futures but have no fixed end date. You may also stake your favorite currencies and earn Etheruem (ETH) as a reward for taking part.
DexMex is a decentralized exchange created by and for traders.
It’s clear that DexMex done their homework. The platform has a unique set of features that are not currently accessible anyplace else on the market. DEX users will undoubtedly enjoy the increased ROI possibilities. Furthermore, the exchange’s non-custodial and decentralized nature makes it suitable for privacy and security-conscious investors looking for alternatives in the market. DexMex continues to gain popularity as a result of these factors.
Disclaimer: The information in this post is not meant to be investing, financial, technical, tax, or legal advice. This material is only for educational purposes. Readers are encouraged to do their own research. The Capital is not liable for any harm or loss caused or claimed to be caused by reliance on any of the information in this article, whether directly or indirectly.
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