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Monday, May 23, 2022

Waves Cryptocurrency Exchange Review: It is Good Or Bad Review 2021

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About Waves.exchange

Waves DEX (now Waves.Exchange) is a decentralized crypto exchange that launched in June 2017. More specifically, it is a hybrid crypto assets exchange that allows users to transfer, trade, issue and stake cryptos. The platform combines the security of decentralized systems with features and advantages of standard centralized exchanges. Established in 2017 as Waves DEX, Waves.Exchange is now a standalone product. Waves.Exchange offers fast and secure trading instruments, staking opportunities, low costs, an API, mobile apps and access to BTC, ETH, LTC, WAVES, USDT, XMR and many more assets, including 30k+ tokens on the Waves protocol.

Waves is one of the few decentralized exchanges out there. It is also created as a unique project aiming to foster a “cryptocurrency environment”. It was established in 2016 by Sasha Ivanov. The exchange has built a completely different platform of its own, where most of the traditional features offered by cryptocurrency exchanges are modified to create a very unique Waves experience for the customers. The exchange is built on its own blockchain, which differentiates it from other decentralized exchanges. The exchange aims to go further than just providing an efficient decentralized network, and create a new, revolutionary platform.

ExchangeDetails
Exchange NameWaves
Exchange TypeCryptocurrency
LangugaeEnglish
Deposit Methodwire transfer and credit cards
Fee0.003
Waves Platform Margin TradingNo
Support24/7
 Top CountryIndia
Website Homepage

How To Sign Up & Start Trading

You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

You Then Receive An E-mail In Your Mailbox To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

Waves Exchange Trading fees

This decentralized exchange doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. Waves charge 0.003 Waves per transaction. This is approximately 0.44 cents (USD 0.004412) on the date of last updating this review, being 20 July 2019. Accordingly, trading fees are extremely low and competitive.

Waves Exchange Withdrawal fees

To the understanding, also withdrawals are charged with the extremely low fixed “0.003 Waves per transaction”-fee. All in all, the fees here are so low that they should almost be deemed as non-existent.

Deposit Methods

At this particular exchange, you can deposit through both wire transfer and credit cards. This can be helpful especially for newer crypto investors. According to the testers, however, when purchasing Waves by credit card, the mark-up is insane. One of testers reported having to pay 26% more than the current market price. These deposit fees are indeed scary.

Invest and Trade Crypto with the Lowest Fees

Anonymity and Privacy

Sign up instantly without having to go through KYC.

Control over Funds.

Nobody but you can access your crypto.

Transparency

Blockchain provides transparency of all operations and smart contracts code.

Governance by Users

Each user can vote on adjusting major parameters such as fees and interest rates.

Execute Trades Swiftly and Securely

Waves.Exchange allows you to execute trades swiftly and securely, regardless of whether you’re trading via mobile app, desktop client, web wallet, or the Waves API.

Neutrino Protocol

Waves.Exchange maintains the core development of Neutrino — an algorithmic price-stable cryptocurrency protocol that allows for the creation of stablecoins tied to specific real world assets, such as national currencies or commodities.

Waves.Exchange

The Established in 2017 (as Waves DEX) Waves.Exchange is the most convenient platform to trade and invest in crypto – it combines the security of decentralized systems with the user experience of the best centralized exchanges.

Low Flat fees

Fixed fee of just 0.003 WAVES per order filled.

Secure

Users remain in sole control of their assets. Funds do not leave their wallets and cannot be frozen.

Fast

A matcher service provides rapid order-matching and decentralized exchange on the blockchain, without having access to user accounts.

Wide Range

A wide range of smart contract-based investment products allows users to earn interest from holding their crypto assets.

WavesDEX Mobile Trading

The WavesDEX is fully compatible with mobile devices through the web-based interface. All the same, features are utilized in the mobile version and the interface looks and feels the same. There is also a downloadable Waves wallet application that can be used to store your Waves cryptocurrency and other Cryptocurrencies.

Regulations

As with most cryptocurrency exchanges, the WavesDEX is not a regulated exchange. Especially since the WavesDEX is a decentralized cryptocurrency exchange operating on the Waves blockchain, the exchange is unlikely to become regulated anytime soon.

Reliability

Thus far the WavesDEX has proven itself to be a reliable exchange for trading cryptocurrencies. Traders funds are considered to be safer than on regular cryptocurrency exchanges because the funds are held in personal cryptocurrency wallets, rather than on a centralized exchange database. As well, the platform functions smoothly without problems.

Waves Exchange Security

The servers of decentralized exchanges normally 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 decentralized exchanges are virtually immune to attacks. This is because if you take out one of the servers, it makes little to no difference for the network of servers in its entirety. However, if you manage to get into a server at a centralized exchange, you can do a lot more harm.

Waves Cryptocurrency Exchange Review

6.9

CURRENCY VERITY

6.5/10

CUSTOMER FEEDBACK

7.0/10

CUSTOMER SUPPORT

6.5/10

Design

7.5/10

Pros

  • Low and competitive fees
  • Various digital assets to trade
  • User-friendly

Cons

  • No fiat currency withdrawals
  • Low liquidity
  • Still in early stages of development
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