Kaidex is a decentralized exchange platform developed by KardiaChain, a public blockchain infrastructure. The software facilitates the buying and selling of cryptocurrencies directly between traders. Through it, you can trade and swap KAI pairs, as well as create a liquidity pool to earn income.
Kaidex overview
Here are the key features of the software:
- Offers support for native KAI pairs
The platform depends on KAI to perform different transactions and participate in various services.
- Liquidity pool management
Kaidex allows users to create a liquidity pool of crypto assets, which are normally locked within a smart contract. You can then use the assets to give loans and conduct exchanges.
- Manage crypto assets
The software lets you control your crypto assets, transact with fiat currencies, and switch between different blockchain networks.
- Simple to use interface
Anyone interested in the service can learn how it functions, link and install a crypto wallet, deposit assets in a liquidity pool, swap, and exchange cryptos with much ease.
How does Kaidex work?
With Kaidex, you can perform the following activities:
- Swap and bridge tokens
- Trade different crypto assets
- Create a liquidity pool
What can you buy on Kaidex?
These are the assets you can buy on the platform:
- KardiaChain
- KUSD-T
- VNDC
- MyDeFi Pet Token
- Tether USD
- DefilyToken
- Mytheria
- Kripto Galaxy Battle
- Thetan Gem
- Ether
- Info Token
- KShark
- HanaGold Token
- RICE
- BecoSwap Token
- COGI Coin, and many more (it trades 36 tokens in total).
Is Kaidex safe?
Kaidex ought to be a safe platform. This is because, unlike centralized exchanges, this software gives the user total control of their assets. So, you are in charge of your passwords and private key, and no one else can access your funds or personal data.
Kaidex fees, compatible wallets, and transactions
This DEX only works with the Kardia Extension Wallet. In essence, this wallet allows you to develop and manage your own wallet address on the KardiaChain Network. Some of the fees that you will be charged while using the DEX include swap fees, gas fees, and liquidity provider fees.
What are the ways to trade on Kaidex?
Kaidex offers a variety of trading options:
- Swap tokens
Kaidex offers a swap feature that you can use to swap a few types of tokens in an instant. All you need to do is to key in the tokens you want to trade and connect your wallet, and you are done.
- Provide liquidity
You can create a liquidity pool of your crypto assets and receive a share of the fees traders pay for using the pool. The fees earned are commensurate to the value of the liquidity staked and are redeemable at any time.
- Trade crypto assets
The software provides you with the opportunity to buy and sell crypto assets and fiat currencies without the need of a third party.
Customer support
The only available means of contacting the support team is through email. So, if you experience any issue while utilizing the service, kindly contact the team at the telegram link mentioned on the official website.
Should you trade with Kaidex?
Kaidex summary
Kaidex summaryPros
- It’s easy to use
- Users can earn income through the liquidity pool
- It is secure
- The DEX supports a variety of tokens
Cons
- It has limited customer support options
- It supports 1 wallet
