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DDEX

4 from 3 votes
Decentralized

Fees

Taker fee

0.1%

Maker fee

0.1%

Withdrawal fee

0

Funding methods

Wire transfer

Credit card

Other crypto

US investors permitted


DDEX 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 DDEX consists of four parts: general information, fees, deposit methods and security.

General Information

DDEX is a decentralized exchange, that’s what “DEX” in its name comes from. Decentralized exchanges are becoming increasingly more popular, mostly due to the following factors:

  • They do not require a third party to store your funds, instead, you are always directly in control of your coins and you conduct transactions directly with whoever wants to buy or sell your coins.
  • They normally do not require you to give out personal information. This makes it possible to create an account and right away be able to start trading.
  • Their servers spread out across the globe leading to a lower risk of server downtime.
  • They are essentially immune to hacker attacks.

However, decentralized exchanges normally have an order book with lower liquidity than their centralized counterparts and if you lose your password, it is probably lost forever.

But, as mentioned above, they are definitely gaining market shares against their centralized counterparts. You have probably heard of at least one of the following exchanges that are all decentralized exchanges: Mercatox, EtherDelta, Bibox, Bitshares Asset Exchange, Waves DEX, Bancor Network, OpenLedger DEX, CryptoBridge DEX, Stellar DEX, OasisDEX, IDEX, Token Store, Bisq, Nxt Asset Exchange, Counterparty DEX, Burst Asset Exchange, OmniDEX, CryptoDerivatives, Coinpit, AirSwap.io, Fcoin Exchange, Barter DEX, Switcheo Network, DEx.top, Ethermium. Right?

US-investors can trade here as well.

DDEX Fees

DDEX Trading fees

This charges a flat fee of 0.10% per executed trade. There is thus no distinction made between takers and makers. We call this a “flat fee model”.

0.10% is substantially below the global industry average (arguably around 0.25%).

Apparently, you can also apply to receive a “maker rebate”. The rebate/discount will, if you are approved, be 0.10%, based on your 30 day trading volume. 0.10% – 0.10%  = free trading for makers.

There is also a fee reduction in place for people holding a minimum of 10,000 Hydro Protocol Tokens.

DDEX Withdrawal fees

DDEX does not charge any withdrawal fees at all for withdrawing cryptocurrencies. This is a very strong competitive edge in the market and really distinguishes DDEX from most other top crypto exchanges.

Deposit Methods

DDEX does not accept any deposits of fiat currency. This means that new cryptocurrency investors (i.e., investors without any previous holdings of cryptocurrencies) can’t trade here. In order to purchase your first cryptocurrencies, you need a so called entry-level exchange, which is an exchange accepting deposits of fiat currency. Find one by using our Exchange Finder!

Security

Finally, we run all exchange-websites in Mozilla’s Observatory-test (https://observatory.mozilla.org/). The score in such test is one of many indicators of the exchange’s security. DDEX only received an F in this test. This is below industry average.

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If you have concluded that this is the exchange for you, congratulations! Go for it. But if not, find the best cryptocurrency exchange site for you by using our revolutionary matching tool.

Good luck!

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