Newdex describes itself as “The first decentralized exchange of the world.”
Of all existing EOS blockchain focused exchanges, the most comprehensive portfolio of trading pairs is available on Newdex showing significant trading volume.
The trading volume of the decentralized exchange is very high, the liquidity for most of the trading pairs is excellent, too.
Newdex supports common browsers allowing easy access from various platforms, which is realized via Scatter. Additionally, an Android and iOS App is available to enable mobile trading, transaction validation on mobile devices is supported by TokenPocket and Meet.One.
Newdex allows market and limit orders with near real-time trading without deposit and withdrawal, which is a big advantage to arbitrage traders.
The functionality includes state of the art charts and signals (Tradingview), personal and public order book as various convenience features for the easy price and amount entry. With integrated search and filter options, the management of orders and selection of trading pairs is very convenient.
A responsive support team is available that responds fast and solution-oriented, there is no official Telegram group though, to reply to questions directly.
Trading with Newdex is fast and easy, an excellent alternative within the overall exchange ecosystem.
The concept of the entrusted account has not been fully converted to an entire DEX implementation during the early days of the exchange.