Poloni DEX - a decentralized stock exchange, launched in 2018. The platform is available in English, Chinese, Japanese and Korean. In addition to the fact that this exchange is part of the Poloniex cryptocurrency exchange, it also works on TRON smart contracts.
Contents:
Description of the Poloni DEX exchange
The exchange is becoming increasingly popular, mainly due to the next factors:
- Firstly, it doesn’t store your funds in its wallets. In other words, you always control your income directly. Most importantly, you make deals by yourself.
- Secondly, you aren’t required to provide personal information. This allows you to create an account and, of course, start trading immediately.
- Thirdly, servers are distributed around the world. And this, in other words, reduces the risk of breakage.
- In conclusion, the exchange is virtually unaffected by hackers.
According to a post of the Poloniex blog, the volume of trading has been $ 30 million over the past seven days. Poloniex says that it works to expand sharing opportunities and expand products for its users.
The company is responsible to its users. Different exchanges have different trading views. The common thing - they all show an order book or at least part of the order book, a price chart of the selected cryptocurrency and an order history. Poloni DEX also doesn’t charge a withdrawal fee. Overall, fees are incredibly competitive at Poloni DEX.
This exchange doesn’t accept any other way to replenish the account, except for the currency of the exchange. Therefore, new investors are prohibited from trading here. If you’re a new investor and want to start trading on this exchange, you will first need to purchase the desired currency, and then place an order here.
How to trade on the Poloni DEX
As with any exchange, the first thing we need to do is to make a deposit on the exchange. It accepts many currencies, including TRX. To get started, click on the balance button. In the upper right corner of the menu all currencies and 3 buttons on the right are displayed:
| Getting | By this link you will receive the deposit address for incoming funds to the account. |
| Remittance | From here you will transfer money to the account. |
| Trade | It will lead you to a trading platform for trade. |
After that - enter the number of tokens, that you want to buy or sell. And then click the appropriate button.
In conclusion, the acquisition of Poloni DEX by Poloniex can bring huge benefits for the exchange and the TRON project. Among other things, the alliance brought Poloniex a “decentralized department” and a path to finance. In addition, if you make a transaction, the exchange never touches your assets by itself. Accordingly, even if the hacker somehow can crack the exchange, he won’t be able to access your assets. However, if you make a transaction on a centralized exchange, you usually hold assets on that exchange, until you withdraw them to your private wallet. Thus, a centralized exchange can be hacked, and your funds, stored on such an exchange, can be stolen.