Block DX: Safe Free-Market Decentralized Exchange by Blocknet
What Is Block DX?
As the crypto space expands its operations, many users are looking for a platform where they can perform exchanges directly from their own wallets without involving an intermediary while maintaining a centralized exchange experience. This is where Block DX comes into play. The platform is arguably the most secure, fastest, and most decentralized exchange (DEX). Block DX operates on the Blocknet Protocol.
Block DX provides safe trading since there are no intermediaries. This means funds can remain in each party’s wallets without entrusting them to a third party at any stage. Users are always in control of their funds. Besides, the fact that the platform is decentralized means there are no accounts, signups, or KYC/AML requirements.
Another advantage of Block DX is lower fees. The platform charges lower trading fees compared to other centralized platforms. Withdrawal fees are non-existent on the platform since users are able to conduct trading directly from their wallets. Besides, there are no limits, whether for trading or withdrawal, which creates a greater flexibility.
The platform comes with Trading Pair Freedom, which allows any digital asset on the platform to be traded with each other. Block DX is powered by the Blocknet Protocol, which means that any service using the protocol will have liquidity and shared order books. Importantly, 100% of trade fees is distributed among BLOCK holders.
Finally, there are no listing fees and no downtime. Users who would like to have their assets added on the platform incur no charges. However, Block DX performs testing to ensure that the assets are completely compatible. Since the platform is decentralized powered by the Blockcnet protocol, it embraces a built-in DoS protection with zero downtime.
Block DX Key Features
Decentralized exchange: since it operates on the Blocknet Protocol, everything from capital storage to order books, order matching, and asset exchange are entirely decentralized.
Peer-to-peer: each trade is peer-to-peer, wallet-to-wallet, with no intermediary. Through the power of Atomic Swaps, users never have to trust a third party.
Trustless Nodes: compared to other decentralized exchanges, Block DX allows users to run their own nodes for each asset they trade—by default. This is non-existent in other DEXs.
What Makes Block DX Different
dApp: 100% decentralized application. There is no centralized point of control, no single point of failure.
Safe Trading: there are no intermediaries. Funds remain in each party’s wallets and are not entrusted to a third party at any stage—your funds are always in your control.
No Account: everyone can access the exchange. Since it’s decentralized, there are no accounts or sign-ups. Simply download and trade peer-to-peer.
Lower Fees: it keeps things simple. There are lower trading fees and no withdrawal fees.
Liquidity: open access for any project. The Blocknet Protocol powers Block DX. Any service using the protocol will have shared order books and liquidity.
Fee Distribution: Everything goes to infrastructure. In fact, 100% of trade fees using the Blocknet Protocol are distributed among service providers.
No Listing Fee: Every coin is accepted. There are no listing fees to add to Block DX. However, we do preliminary testing to ensure 100% compatibility.
Zero Downtime: always online. Since Block DX is a dApp powered by the Blocknet protocol, it comes with no downtime and built-in DoS protection.