The Spot DEX

The Chainge Spot Decentralized Exchange (DEX) is a peer-to-peer (P2P) marketplace that connects cryptocurrency buyers and sellers. In contrast to centralized exchanges (CEXs), our decentralized platform is non-custodial, meaning the user always remains in control of their assets and private keys when transacting.

In the absence of a central authority, the Chainge DEX employs smart contracts that self-execute under set conditions and record each transaction to the blockchain. These fully secure transactions are pioneering financial products in the crypto world.

Now let’s take a look at some of the advantages the Chainge Spot DEX brings to the table

User Experience

Leaving modesty aside, the Chainge DEX will have an exquisite user interface and aims to offer a pristine User Experience (which you’ve already got a taste of in the Chainge app). The operational flows will be smooth & easy to follow, with no obstacles and no hassle.

Custody

The Chainge DEX is non-custodial, which means traders don’t need to relinquish the control of private keys to transact. The trades self-execute through smart contracts. Centralized exchanges, by contrast, play the role of custodians for your funds by controlling your private keys.

Diversity

CEXs exercise control over the cryptocurrencies they will list, and will generally only list those with adequate trading activity, prevalence, and effective security standards to ensure profitability and legal compliance. The Chainge DEX will list a variety of coins and altcoins where P2P transactions can occur without high trading volumes. This provides users with a wider opportunity for engagement in digital assets and enhances financial inclusion.

Trustless Transactions

On CEXs, every transaction is overseen and recorded by a central authority: the exchange itself. Through smart contracts, the Chainge DEX executes trades and records them to the blockchain, enabling trustless transactions. And since the DEX does not hold your funds, they are not at risk of being targeted by hackers. Low Fees: In the absence of an intermediary, DEXs use the same “gas” fee structure as the blockchain they’re built on. In our case, the Fusion blockchain (FSN). The DEX will charge a fee as low as 0.1% for exchanges. Privacy: Traders using our DEX don’t need to disclose any information about themselves or their wallets and the DEX is not liable for the funds. Cross-chain transactions: No matter what chain your assets are on, you will be able to exchange, send and receive assets and you will see your total asset balance on the Chainge app’s dashboard.