how is IDEX exchange going

[MUGNIA]

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

[MrSpasybo]

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

I have been aware of Idex due to the impressive growth of the IDEX token, however, I have not personally used this DEX as it is not particularly well-known within the trading community. According to Coinmarketcap data, the daily trading volume is only around ~$12.5K, which is quite low and suggests minimal usage. The Idex website is still operational, and you can access it to withdraw your crypto assets. Personally, I would choose Uni, Pancake, or Serum when looking to use a DEX instead of Idex.

• Coinmarketcap: IDEX

[bhadz]

This is nostalgic, I have used it in the past and I have seen its growth and sadly, its fall. Do not expect anything from its anymore as per data, there is not that much volume and the community's sentiment is on the new dexes. I hope admin will also open new threads or sections dedicated to new dexes and cexes that has its own native token.

[LogitechMouse]

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

I've heard the name of the exchange way back when I was starting in crypto (can't remember the year though).
I visited the website that @MySpasybo has shared, and it seems like their website is on a testnet phase, but currently trading is paused. I don't know what happened to this exchange, because I've used this exchange for sure at least once during my early years in crypto. Didn't know that they are rebranding (or something like that), but it is still an exchange.

As for your funds, maybe just forget about it completely since you already said that those are worthless and dead projects already.

[MUGNIA]

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

I've heard the name of the exchange way back when I was starting in crypto (can't remember the year though).
I visited the website that @MySpasybo has shared, and it seems like their website is on a testnet phase, but currently trading is paused. I don't know what happened to this exchange, because I've used this exchange for sure at least once during my early years in crypto. Didn't know that they are rebranding (or something like that), but it is still an exchange.

As for your funds, maybe just forget about it completely since you already said that those are worthless and dead projects already.

Yaya, I've forgotten my funds there, when I can't do anything, the selling price doesn't reach 10$ (minimum selling limit)
Can't even withdraw due to lack of funds too
a little dizzying at the time of this exchange

[hugeblack]

This platform caused me to lose about 0.2 ETH in 2020, after which I stopped trading in DEX for several years. The amount was not large at the time and was quickly compensated, but I hope that the fee policy and order execution has become different. I visited the platform and did not notice changes in the UI and liquidity volumes are not encouraging.

[pakhitheboss]

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.

[Wiseman]

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.

Now on the Internet there are very few exchanges left that do not require KYC, I agree with you that this is very bad, but judging by the fact that being anonymous is not such a strong priority in our time and the priority is to earn more, then this KYC can be passed, as for this exchange, I am not sure that you need to pass KYC there, since I do not see the point of this exchange since there is nothing useful in it.

[Hisbullah]

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.

Now on the Internet there are very few exchanges left that do not require KYC, I agree with you that this is very bad, but judging by the fact that being anonymous is not such a strong priority in our time and the priority is to earn more, then this KYC can be passed, as for this exchange, I am not sure that you need to pass KYC there, since I do not see the point of this exchange since there is nothing useful in it.

I only do KYC on reputable exchanges, we cannot share ID with shady exchanges and we have to consider this because they can also misuse our data. So be careful in giving our ID because we don't know what they will do with our data in the future.

[MUGNIA]

This platform caused me to lose about 0.2 ETH in 2020, after which I stopped trading in DEX for several years. The amount was not large at the time and was quickly compensated, but I hope that the fee policy and order execution has become different. I visited the platform and did not notice changes in the UI and liquidity volumes are not encouraging.

It turns out that I'm not the only one who experienced loss in this exchange, but what can I do, if it's lost, it's lost without being able to complain, even if I complain there's no clarity, forgetting is the last resort for those who have used this exchange

[Bobcrypto]

This platform caused me to lose about 0.2 ETH in 2020, after which I stopped trading in DEX for several years. The amount was not large at the time and was quickly compensated, but I hope that the fee policy and order execution has become different. I visited the platform and did not notice changes in the UI and liquidity volumes are not encouraging.

It turns out that I'm not the only one who experienced loss in this exchange, but what can I do, if it's lost, it's lost without being able to complain, even if I complain there's no clarity, forgetting is the last resort for those who have used this exchange

Feel sorry for the losses, sometimes leaving your funds on some of these Dex exchanges is highly risky, this is because many of the exchanges has few community of users globally and are not able to meet up operating costs for daily running the exchanges.
There are many exchanges, even some CEX exchanges that are not able to continue exchange services due to poor revenue returns.
in my little crypto exchanges research, and assessment, many Dex exchanges does not have large communities of traders/investors that will enhance their revenue drives compared to the Cex exchanges.

[joniboini]

in my little crypto exchanges research, and assessment, many Dex exchanges does not have large communities of traders/investors that will enhance their revenue drives compared to the Cex exchanges.

I feel like many DEXs don't require you to deposit your funds into their smart contract nowadays, so you don't necessarily have to deposit but you do expose your wallet to another point of failure, mainly a wallet drain attack. I don't think they need a lot of money to maintain smart contract operation, they probably need the funds for promotion or hosting the website. But yeah, they struggle since the competition is fierce right now. Even big business like FTX doesn't last long, especially when the higher-ups fuck ups so many things.

[hugeblack]

It turns out that I'm not the only one who experienced loss in this exchange, but what can I do, if it's lost, it's lost without being able to complain, even if I complain there's no clarity, forgetting is the last resort for those who have used this exchange

It is also better to advise others to stay away from IDEX or any similar platform. Their policy is to list unknown tokens and pump them, and when you buy them, you notice that the liquidity is very low and you cannot sell until there is a price correction. I thought that the projects were scammers, but it seems that IDEX is helping them do that.

[_act_]

It turns out that I'm not the only one who experienced loss in this exchange, but what can I do, if it's lost, it's lost without being able to complain, even if I complain there's no clarity, forgetting is the last resort for those who have used this exchange

It is also better to advise others to stay away from IDEX or any similar platform. Their policy is to list unknown tokens and pump them, and when you buy them, you notice that the liquidity is very low and you cannot sell until there is a price correction. I thought that the projects were scammers, but it seems that IDEX is helping them do that.

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.

[Bobcrypto]

It turns out that I'm not the only one who experienced loss in this exchange, but what can I do, if it's lost, it's lost without being able to complain, even if I complain there's no clarity, forgetting is the last resort for those who have used this exchange

It is also better to advise others to stay away from IDEX or any similar platform. Their policy is to list unknown tokens and pump them, and when you buy them, you notice that the liquidity is very low and you cannot sell until there is a price correction. I thought that the projects were scammers, but it seems that IDEX is helping them do that.

As a wise investor, trader, holder, the besic steps to consider when investing or trading coin/tokens on some of these exchanges like IDEX, others, is the liquidity. Liquidity on exchanges whether Dex or CEX consist of 24hours trading volume and marketcap. It is important to observe this necessary trading features before taken a buy/sell position  on any coin/tokens listed on these exchanges.