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If an exchange has low liquidity, there should be no good reason to use the exchange. The one I know about before was on a centralized exchange and not a decentralized exchange but it was not good at all. I noticed that if I trade, the order will not be processed at all. If you order at market price, you will regret it. I remember a coin I sold about $1.8 which was not processed but I changed it to market order and processed at $1.4. That made me move to another exchange which was better. Exchanges with low liquidity are not good at all.
Quote from: _act_ on December 03, 2024, 10:33:28 AMIf an exchange has low liquidity, there should be no good reason to use the exchange. The one I know about before was on a centralized exchange and not a decentralized exchange but it was not good at all. I noticed that if I trade, the order will not be processed at all. If you order at market price, you will regret it. I remember a coin I sold about $1.8 which was not processed but I changed it to market order and processed at $1.4. That made me move to another exchange which was better. Exchanges with low liquidity are not good at all.The platform liquidity was good but the token liquidity was bad, they were pumping the token with high and low liquidity but when you wanted to sell the liquidity levels were much lower than mentioned (fake orders in the order book)I don't know if the problem was with the platform or a loophole exploited by scammers but what I'm talking about was in 2019 when it was such a new scam.
The last time I used this exchange was in 2020, and I still have funds there, maybe those funds have become worthless and become a dead project Is IDEX exchange still active or has it closed? because I couldn't find history in my search
Quote from: MUGNIA on May 25, 2024, 02:47:04 PMThe last time I used this exchange was in 2020, and I still have funds there, maybe those funds have become worthless and become a dead project Is IDEX exchange still active or has it closed? because I couldn't find history in my search - Based on my look at its website, I saw that this dex platform is still active and they have earning points that are given to active traders whether futures or spot, it seems to have points attached that can be turned into profit if I am not mistaken.And it seems that its Ath was around 20$ way back in 2017-2018, I'm just not sure if the research I gathered is correct. So if its price is now at 0.04$ each Idx, even if it is only 1, this bull run is still fine in my opinion, just for a short period of time. I'll try to buy it.
can you give me the site of this idex exchange, or any info related to this exchange. honestly i am still very curious about this exchange
I stopped using this platform when they made KYC mandatory. It was one of the best exchange before the KYC period. The last update that I am aware of is that it expanded to other chains and it is still running and not dead. After reading this topic I did a search on Google and found the exchange. It has a new look and layout but I am not sure about the volume.
IDEX could still be on operation but might have loose many of it's users. I think that Dex exchange are gradually fading away, many of the Dex exchange are either without trading volume or poor community of users.