How much does MDEX cost?

The exchange platform currently lists 55 cryptocurrencies, with zero fiat currencies and trading pairs. How Much Are MDEX Fees? MDEX charges a 0.3% transaction fee on all trades. Is it Possible To Use Leverage or Margin Trading on MDEX? The DEX does not support margin trading on spot markets.

What is a decentralized exchange (DEX)?

A decentralized exchange (or DEX) is a peer-to-peer marketplace where transactions occur directly between crypto traders. DEXs fulfill one of crypto’s core possibilities: fostering financial transactions that aren’t officiated by banks, brokers, or any other intermediary. Many popular DEXs, like Uniswap and Sushiwap, run on the Ethereum blockchain.

Is MDEX the world's largest Defi exchange?

MDEX is not shy to declare itself already as the largest DeFi ecosystem. For only being in existence since January 2021, with the MDEX (BSC) only coming out in April 2021, MDEX has already become arguably the largest decentralized exchange in the world. Both of their blockchains have over $1 billion in market cap.

Does MDEX accept fiat currency?

MDEX does not – like all (or at least close to all) other DEXs – accept any deposits of fiat currency. This means that crypto investors without any previous crypto holdings can’t trade at this trading platform.