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DDEX cryptocurrency exchange review

Is this decentralised exchange for Ethereum ERC20 tokens the right platform for you?

Decentralised exchanges, which offer peer-to-peer crypto trading and key security benefits, are currently experiencing a rise in popularity. DDEX is a decentralised exchange for Ethereum-based ERC20 tokens where users can buy and sell more than 70 digital currencies without having to part with any personal information.

To help you decide whether DDEX is the right exchange for your crypto trading needs, we’ve compiled this comprehensive review of the features it has to offer.

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Tim Falk
Last Updated

No supported

Fiat currencies

71

Cryptocurrencies

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Details

Product Name DDEX Cryptocurrency Exchange
Fiat Currencies -
Cryptocurrencies EOS, XYO, NPXS, HOT, CNN, ZRX, KIN, NCT, BAX, ZCO, NBAI, POLY, POE, TFD, REN, LBA, & 25+ more
Deposit Methods Cryptocurrency
Trading Fee 0.1%
Deposit Fees None
Withdrawal Fees None
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Which fiat and cryptocurrencies are supported?

  • Supported fiat currencies: None
  • Supported cryptocurrencies: Approximately 71 cryptocurrencies

Which payments methods are accepted?

  • Cryptocurrency

What is DDEX?

DDEX is a decentralised exchange for ERC20 tokens. A decentralised application (dapp) on the Ethereum network, it uses Hydro Protocol technology to offer instant order matching and on-chain settlement of transactions.

Through the use of Ethereum’s smart contracts and the 0x Protocol, DDEX users can trade through the platform simply by linking their wallet. This means you can trade wallet-to-wallet and that there’s no need to trust any third party with deposited funds.

Available countries

DDEX is a global exchange that offers its services to users around the world, including Australia.

How much will it cost me to use DDEX?

DDEX does not charge any deposit or withdrawal fees, but keep in mind that you will need to pay for gas to power your transactions on the Ethereum network.

A flat 0.1% fee applies to all trades placed through DDEX.

How fast will my funds be available?

As you retain control of your funds, there’s no need to consider deposit and withdrawal times when using DDEX.

Are there any transfer limits?

No. DDEX does not list any transfer limits.

Is it safe to use DDEX?

As a decentralised exchange, DDEX inherently offers some key security advantages over centralised platforms. There’s no central point of failure for hackers to target, and you don’t have to worry about surrendering control of your funds or your wallet private keys to the exchange. Instead, the cryptos you trade are exchanged from your wallet to the wallet of the person on the other end of the transaction.

To get started on DDEX you will need the following:

  • A computer or laptop running the desktop version of one of the following browsers: Chrome, Firefox, Opera or Brave
  • A MetaMask digital wallet or a Ledger Nano S hardware wallet
  • ETH or any other ERC20 token

Customer support

If you have a question about your account or about how to use the platform, DDEX offers an online support centre with answers to a small selection of frequently asked questions. There are also guides to help you start trading, or you can submit a support ticket through the centre if you need specialised assistance.

Pros and cons

Pros

  • Security benefits offered by decentralisation
  • Quick and easy to start trading
  • No need to share your name, address or personal details
  • Supports the Ledger Nano S hardware wallet
  • Competitive trading fees and no deposit or withdrawal fees
  • Supports more than 70 different tokens
Cons

  • User interface is not suitable for beginners
  • Limited liquidity
  • Only offers ERC20 tokens and they can only be traded against ETH
  • As it’s built on Ethereum, network congestion on Ethereum could slow DDEX down
  • Mobile trading app not yet available at time of writing
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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