Hello Readers,
Some things are certain, like if you are reading this blog then you must be already connected with the crypto world and know what it actually is or know the basics at least of how this world operates. Cryptocurrency and its underlying blockchain technology are some of the astonishing innovations that we achieved in our digital revolution and a large number of people are currently hyped up with anything regarding this realm. Cryptocurrency in the form of tokens and coins can be treated as digital assets that hold value and can be traded for real-life money. This means you can buy or sell cryptocurrency using fiat money. With cryptocurrencies such as Bitcoin, ETH, Hive, Leo, you can invest in different kinds of projects and earn money while keeping an eye on the risk level. Many people, like me, also earn a living on this world and generate income in crypto tokens for their contribution and investment and no doubt, it is slowly shaping lots of lives worldwide and also creating trust among people and joining in.
Problems with CEXs
Now, in order to by some cryptocurrency with fiat money, there are 2 places from where you can buy crypto tokens - Centralised Exchanges aka CEXs or Decentralised Exchanges or DEXs. In centralised exchanges, the users actually does not hold custody of their own tokens and always carries the potential to lose them in case of hacking or stealing. So using centralised exchanges comes with a risk factor and as we are interacting with money here, a need for a more friendly environment arises which gave birth to decentralized exchanges like LeoDex.
Now, compared to Cexs, there are only a few active Dexs out there that are operational and support enough tokens or chains to become Actually useful to traders or investors. Though the total no of Dexs has increased in the last decent years, there is still a big need for them, especially for cross-chain Dex which can support many popular chain tokens in them. Sadly though, I always found one Dex for every single Single Chain but rarely Found a cross Chain Dex where we can trade assets like from ETH, Sol or Bitcoin to Leo, Sps or Hive etc. But, gladly for us Inleo has built a flawless project to achieve all these features with their LeoDex, a fully operational Cross chain Dex here we can trade between Leo or Hive with other popular crypto tokens.
Accessibility
The LeoDex website can be easily visited by going to leodex.io and you will need to have an XDEFI wallet which is available for free on the Google Chrome extension. After you save the seed and ready the wallet, you can then use it to log in and use the LeoDex. You can also then connect your LeoDex with your Hive keychain to use your Hive or L2 tokens to trade with other tokens. Leodex supports a lot of chains under a single Application and that’s why thousands of users are already using it and trading. Apart from the hive chain, LeoDex also supports other popular chains like Arbitrum, Bitcoin, Dash, ETH, Kuji, Maya Chain, Thor Chain and hopefully more chains lime Polygon, zksync etc will be added later on.
Decentralised and No KYC
The LeoDex exchange is completely decentralised. This means that for trading on LeoDex, you will not be asked for any personal ID proof or filling forms including personal data like what Cexs do for a first step. Your activity will remain anonymous while being stored in the chain with your unique account ID. Moreover, charges to execute transactions including same or different chain token swaps will be charged comparatively less in LeoDex than in other Cexs. So if you are not already using it, I would suggest trying it for once and feeling the difference.
Self Custody
You hold the true ownership of your tokens while using them on LeoDex, thanks to the self custody feature of the decentralized system leodex operates.
Availability
LeoDex offers a range of tokens from the Layer 1 range like ETH, Bitcoin, Hive and Later 2 tokens as well as Leo. It also supports stable coins like HBD and USDC etc.
Multichain Swap
One of the greatest feature of LeoDex is its multi-chain swap which means we can execute swap while using different chains. This feature enables us to use our Hive chain tokens to trade for other chains or vice versa and there is no limit if you continue working on any simple blockchain.
Wallet Support
LEODEX supports some of the most popular wallets like Metamask, Hive keychain, XDEFI etc so it certainly and dynamically increases your power to connect with different wallets snd trade or invest.
Smooth UI
Using the LeoDex exchange feels Super easy, even after you just navigate through it for the first time. You just have to connect your desired wallets, include both the tokens and their amount to be swapped and that’s it. It is a comparatively fast Dex than others and the UI also looks cool and feels smooth to use. So, you will save some time and money on fees every time you use LeoDex, so why wait??
Thanks for reading my post and I guess you liked reading about LeoDex and hope To find it useful. Let me know if you have used LeoDex and what’s your experience in the comment section below and I will be seeing you all in my next post.
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