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CryptoBridge DEX

4.3 from 3 votes
Decentralized

Fees

Taker fee

0.2%

Maker fee

0.2%

Withdrawal fee

Funding methods

Wire transfer

Limit(s):

information

Credit card

Limit(s):

information

Other crypto

Limit(s):

information

US investors permitted


CryptoBridge DEX Review

A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of CryptoBridge DEX consists of four parts: general information, fees, deposit methods and security.

General Information

CryptoBridge DEX is a so called decentralized exchange. Decentralized exchanges are becoming increasingly more popular. They are definitely gaining market shares against their centralized counterparts. One decentralized exchange that has grown very big lately and that you should also check out is Mercatox.

Decentralized exchanges do not require a third party to store your funds, instead, you always directly control your coins and you conduct transactions directly with whoever wants to buy or sell your coins. Decentralized exchanges normally do not require you to give out personal information either. However, decentralized exchanges as opposed to regular top crypto exchanges normally have an order book with lower liquidity than the regular top crypto exchanges.

CryptoBridge’s target audience are altcoin traders trading on centralized cryptocurrency exchanges which are riddled with performance problems and can be subject to thefts, manipulation, hacking incidents or government takedowns. These problems are, according to CryptoBridge, solved by the decentralized blockchain based order book and the multi-signature federated gateway network.

There is no central point of failure. All deposits, withdrawals and all order books are transparently stored on the blockchain.

The client will still be able to deposit, withdraw and trade coins even in the event CryptoBridge goes out of business. Each client holds the private keys to their coins. CryptoBridge has no access to the client’s funds on the exchange.

The blockchain behind the decentralized exchange, graphene, can apparently process up to 100,000 transactions/second and has an average confirmation time of only 3 seconds.

CryptoBridge DEX Fees

CryptoBridge DEX Trading fees

Fees are inevitably very important.

This decentralized exchange offers a flat trading fee of 0.20%. CryptoBridge DEX does accordingly not distinguish between takers and makers.

CryptoBridge DEX Withdrawal fees

We have not been able to find information on CryptoBridge DEX’s withdrawal fees, but this is not necessarily a risk. But, this is potentially a risk for you as an investor (if the exchange does not inform about the withdrawal fees it is a higher risk that they are high). Accordingly, we urge you to make your own analysis of the withdrawal fees at CryptoBridge DEX before depositing any funds there and before concluding that it is the best cryptocurrency exchange site for you.

Deposit Methods

We have not been able to ascertain the available deposit methods at this exchange.

CryptoBridge DEX Security

CryptoBridge DEX’s security score is F, when performing the test at Observatory by Mozilla (https://observatory.mozilla.org/). This is actually below industry average when it comes to top crypto exchanges.

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Finally, as mentioned above, this is a decentralized exchange. Decentralized exchanges are still a minority on the cryptocurrency exchange market, with the centralized exchanges still dominating the field (mostly due to better liquidity). In any event, if you’re looking for a decentralized exchange, you could also check out the following quite popular ones:

  1. Mercatox
  2. DDEX
  3. Ethermium
  4. Counterparty DEX
  5. Bibox
  6. EtherDelta
  7. AirSwap.io
  8. Fcoin Exchange
  9. Switcheo Network
CryptoBridge DEX compared with other cryptocurrency exchanges