MDEX Review 2023
MDEX is a popular decentralized exchange created by Nate Flanders in 2021.
It runs on 1 different chains including BNB Chain.
MDEX offers features such as liquidity mining, bridge, perpetuals, spot trading and more.
We rated MDEX 4.5/5, based on it's features, security, and future prospects.
MDEX allows you to earn passive income by providing liquidity. You're given LP tokens in return, which are interest bearing. The interest comes from trading fees generated by MDEX.
Has a cross-chain bridge. So you can move your crypto between different chains.
Offers leveraged perpetual trading. Futures, but on the blockchain.
This means you can buy and sell the real thing. Actual crypto. Not a futures contract or derivative.
All DEXs charge trading fees. MDEX is no different.
Trading fees incentivise liquidity providers to provide liquidity to MDEX. This enables people like you to freely trade between tokens without incurring too much slippage.
MDEX does not charge withdrawal fees.
DEXs, generally, do not require you to deposit funds onto them. Therefore there is nothing to withdraw. This is one of the many great things about dencentralized exchanges. You get to be the sole custodian of your funds.
How to use MDEX?
- Get a crypto wallet that supports web3 on one MDEX's of supported chains.
- Deposit crypto into the wallet, ensuring you have tokens for gas
- Navigate to MDEX's homepage
- Connect your wallet to the website
- Goto Swap/Trade
- Choose a token that you'd like to swap to
- Finally, swap!
Where can I buy MDEX ?
You can by MDEX direct from MDEX. It is the native token of MDEX, and they will therefore offer the most liquidity.
Is MDEX safe?
Yes, MDEX is safe to use. However, you should be aware that crypto trading carries inherent risk. dApps are vulnerable to exploits, so make sure to DYOR before investing.
What chains do MDEX support?
MDEX supports BNB Chain.