A large part of cryptocurrency trading across the world is done using centralized exchanges like Binance, Coinbase and Bittrex among others. These systems manage the user’s capital and also facilitate trading. Nevertheless, despite being very helpful for crypto trading, centralized exchanges are more susceptible to hacks. A decentralized exchange like weiDex offers better security and shifts the control of trades and funds back to the users.
What Is Weidex?
The weiDex project is seeking to showcase the merits of decentralized systems and crypto exchanges to the world. Both traders and blockchain enthusiasts have been asking for a trading system that offers complete transparency, P2P exchanges without high taxes or untrusted parties and high security.
This project meets all these requirements and it restores power back in the consumer’s hands. Those who share in these dreams and those who are committed towards pushing the blockchain revolution forward are encouraged to join the various weiDex groups and engage with the team members.
Weidex Decentralized Crypto Trading Exchange Benefits
There are several reasons to choose weiDex over traditional centralized exchanges, including security, transparency and availability. However, weiDex is still the better option when compared to current decentralized exchanges as explained here below:
Attractive Referral System
Invite someone to start trading in weiDex and you get 20% of the trading fee directly in your wallet. There are several bonuses if you continue inviting a large number of people to join the exchange. While it may seem like a common strategy, the bonuses weiDex offers on referrals are much more lucrative as compared to what is available in similar products. Additionally, the bonuses are activated by smart contracts, which ensures prompt rewards for clients.
Amazingly Low Costs
Most crypto exchanges have built a bad reputation of charging too much commission and also requiring the use of lots of complicated procedures. Fortunately, weiDex is a straightforward decentralized exchange that is built on a fast blockchain network. It is also affordable and even allows users to pay as little as zero when they reach a certain volume. For instance, if your daily crypto exchange volume has reached 1,000 ETH, then you will not be charged for any other trades for the remaining part of the day.
Providing support for cross-blockchain transactions is another major benefit of using weiDex. This feature is among the most cumbersome problems right now in the field of blockchain technology. There are so many types of blockchains, with each existing within a unique ecosystem.
Luckily, weiDex can unite these different blockchains in a secure, decentralized manner and support trading between separate blockchains. Even though there are notable solutions like atomic swaps or side chains, weiDex is offering its innovative solution that involves using smart contracts and the weiDex token.
The worst thing that can happen to a trader is experiencing a platform downtime due to system maintenance or any other related issues. Traders need to know that they can rely on a crypto exchange to always be available online whenever they need to transact or make quick trades. The weiDex platform is built on distributed ledgers, which minimizes the failure points and ensures better availability without any interferences.
The weiDex exchange promises low listing fees, professional support, straightforward user interface and always-on availability. With support for multiple orders and cross-blockchain transactions, this decentralized exchange certainly delivers value to both traders and enthusiasts of blockchain technology.