What is IDEX Crypto: Investors Must Know

Rancakmedia.com – Most investors do not understand clearly what IDEX Crypto is, in this article we will provide an explanation of IDEX Crypto, features, tokens supported by IDEX, and also transaction fees at IDEX.

What is IDEX Crypto

IDEX is a decentralized exchange built on the Ethereum Blockchain technology, which focuses on facilitating ERC20 Token trading pairs to build the Ethereum platform.

Using Smart Contracts, IDEX offers users the means to manage Private Keys and secure peer-to-peer transactions.

Apart from that, this platform also allows users to integrate via MyEtherWallet, Ledger Nano S and MetaMask wallets such as EtherDelta. IDEX was founded in Panama in 2017 (a country in Central America).

For those unfamiliar with EtherDelta, this means that the exchange has no control over the funds held by its users, who are free to use their own Private Keys (if available) or generate new ones.

Currently, IDEX is one of the decentralized exchanges with the largest trading volume, with trading functionality of more than 200 tokens.

IDEX Trading Platform Features

Below we will provide what features are available on the IDEX trading platform, which are as follows:

1. Safety – security : the floor doesn't store user money, users keep their own money with Private Key and don't lose the money or tell anyone else. And only Private Key can user login to their account
2. Trading platforms : Unlike other digital exchanges, IDEX does not force users to create accounts, only existing Private Keys (such as MyEtherWallet or MetaMask) can be exchanged on IDEX. IDEX Trading View charting and analysis tools
3. Transaction speed: because it is a decentralized exchange, therefore the trading speed is very fast, users can create and cancel buy/sell orders without any fees
4. Liquidity: the daily trading volume on IDEX is very large (about 10 million USD), which means that the liquidity is very sensitive and fast for investors in this market.
5. Transaction fees: low competitive rates from only 0.1 percent to 0.2 percent
6. Support various tokens: IDEX supports several tokens from ICO, coins like Bitcoin or Ethereum, but not fiat money.
7. Support : customer support team operates 24/7 via social network channels like Telegram, Reddit, Twitter

IDEX Supported Tokens

Did you know that IDEX has several supported tokens, the following is a list of tokens supported by IDEX, namely:

1. Electrify.Asia (ELEC)
2. Lympo (LYM)
3. Path of Origin (TRAC)
4. Tomocoin (TOMO)
5. ShipChain (SHIP)
6. Matrix AI Network (MAN)
7. Credit (CS)
8. CoinPoker (CHP)
9. TE – FOOD (TFD)
10. BABB (BAX)

Transaction fees at IDEX

The following are transaction costs that you need to know at IDEX, namely:

1. Buyer's fee: 0.2% of the total Token purchased
2. Fee for seller: 0.1% of total ETH received when selling Tokens
3. Gas costs : 140M gas, IDEX, almost 1.5 times that of Delta, around 0.0005 ETH

Conclusion

IDEX is a decentralized exchange built on the Ethereum Blockchain technology, which focuses on facilitating ERC20 Token trading pairs to build the Ethereum platform.

In the article above, we don't only provide an explanation of IDEX tokens, but we also discuss features, supported tokens, and transaction fees at IDEX.

Thus the article about What is IDEX Crypto: Investors Must Know. Hopefully the above article can be useful and helpful for all of you.