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Exchange revisión
This exchange has been flagged as inactive. There are many reasons for being flagged as inactive. We recommend you read the text below to understand why WhaleEx has received the inactive flag.

WhaleEx


Comisiones de intercambio

Comisiones de extracción 0 EOS Comisión del tomador 0.10% Comisión del creador 0.10%

Métodos de depósito

No Wire Transfer No Credit Card

UPDATE 23 March 2023: While WhaleEx still has an active website that's possible to access, the trading volume is so low that we have decided to mark it as dead and move it to our Exchange Graveyard. We feel that it would not be prudent to refer users to a platform where they would have had great difficulties in their order execution.

Furthermore, WhaleEx's last tweet was sent out on 1 October 2020, so it seems a lot like the team has abandoned ship.

To find a reliable exchange with better liquidity, just use our Exchange List and we'll help you find the right platform for you.

WhaleEx is a decentralized exchange (DEX) that launched in 2018. They market themselves as the no. 1 DEX in the world with the “highest daily active users” (the source they refer to is dapp.review). We have however not been able to reject or verify this statement.

If you look at the trading volume, it is not very impressive. Although we don’t have any data from coinmarketcap.com to rely on, CoinGecko reported that the 24 hour trading volume on the date of writing this review (24 October 2019) was USD 1.2 million. On the date of last updating this review (16 March 2020, right in the middle of the crisis with COVID-19), the trading volume had increased substantially to USD 12.2 million. This is a decent trading volume.

WhaleEx Whale

The exchange does not explicitly state that US-investors are prohibited from trading. Accordingly, we do believe that US-investors can trade here.

WhaleEx offers its trading platform in mobile version as well, both IOS and Android, as an application. Mobile applications are of course very helpful for any investors that want to trade, or maybe just monitor their trades, on the go.

WhaleEx Mobile Support

DEXs 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 transact directly with whoever wants to buy or sell your coins.
  • They normally do not require you to give out personal info. 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, DEXs normally have an order book with lower liquidity than their centralized counterparts and if you lose your password, it is probably lost forever.

Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen crypto and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can see that it feels right to you. This is the trading view at WhaleEx:

WhaleEx Trading View

Trading fees are naturally very important. Every time you place an order, the exchange charges you a trading fee. The trading fee is normally a percentage of the value of the trade order. At this exchange, they don’t divide between takers and makers. Each party to a deal pay the same fee: 0.10% of the order value.

0.10% is below with the current industry average. Industry average has for a long time been 0.25%, but we are currently seeing a shift towards lower fees. Many exchanges now charge e.g. 0.10% or 0.15% instead, just like WhaleEx.

Apparently, WhaleEx does not charge any withdrawal fees at all. This is a very strong competitive edge in the market if true and really makes this exchange different from most other market options.

All in all, the fees charged by WhaleEx are very competitive and consumer friendly.

This exchange does not accept any other deposit method than cryptos, so new crypto investors can’t trade here. If you are a new crypto investor and you wish to start trading at this exchange, you will have to purchase cryptos from another exchange first and then – as a second step – deposit them here. Don’t worry though, you can find a so called “entry-level exchange” simply by using our Exchange Finder tool.

The servers of DEXs spread out across the globe. This is different from centralized exchanges that normally have their servers more concentrated. This spread-out of servers leads to a lower risk of server downtime and also means that DEXs are virtually immune to attacks. This is because if you take out one of the servers, it has little to no impact on the full network of servers. However, if you manage to get into a server at a centralized exchange, you can do a lot more harm.

Also, if you make a trade at a DEX, the exchange itself never touches your assets. Accordingly, even if a hacker would somehow be able to hack the exchange (in spite of the above), the hacker can not access your assets. If you make a trade at a centralized exchange, however, you normally hold assets at that exchange until you withdraw them to your private wallet. A centralized exchange can therefore be hacked and your funds held at such exchange can be stolen. This is not the case with respect to decentralized exchanges.


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