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 Features

Liquidity Mining

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.

Bridge

Has a cross-chain bridge. So you can move your crypto between different chains.

Perpetuals

Offers leveraged perpetual trading. Futures, but on the blockchain.

Spot Trading

This means you can buy and sell the real thing. Actual crypto. Not a futures contract or derivative.

MDEX Fees

Trading Fees

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.

Withdrawal Fees

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!

FAQ

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.