Maybe you already know that ChangeHero scours the crypto market for the best rate, but have you ever wondered how we do it? The best rates and a long list of supported assets are possible thanks to integrations of multiple liquidity sources.
Did you know that a week ago ChangeHero added a DEX to our list of liquidity providers? Read on to find out how it benefits everyone using the platform.
What is a DEX?
DEX stands for “decentralized exchange”. It is a peer-to-peer marketplace that connects cryptocurrency buyers and sellers. Popular examples of DEXs are Uniswap and PancakeSwap.
From an end user’s point of view, a decentralized exchange works similarly to an instant exchanger. You send only as much crypto as you need to be exchanged — in other words, DEXs are also non-custodial, in contrast to centralized exchanges. The user remains in control of their private keys when transacting on a DEX platform. The difference between a DEX and an instant exchanger is that it uses smart contracts instead of a proprietary exchange algorithm.
After the integration, ChangeHero combines a UX flow of decentralized exchange with liquidity from multiple popular CEXs.
Benefits of Integrating DEX to ChangeHero
What other perks will you be able to enjoy? The list is longer than you might think.
- More coins. Expect more cryptocurrencies unavailable on centralized exchanges to arrive on ChangeHero;
- Find rare coins. More coins not present on CEX means the next rare gem can be available to ChangeHero users;
- Secure your wallet data. To use a DEX, you need to link a wallet, whereas using ChangeHero still doesn’t require you to log in and connect any personal data to make swaps.
- No messing with bridges. Don’t waste your precious time looking for ways to move coins from one blockchain to another. ChangHero seamlessly works with different blockchains.
Even More Arbitrage Opportunities
Beginning and advanced users alike will enjoy improvements to the ChangeHero platform. Did you know you can even earn crypto by swapping if you know how to arbitrage? And DEX facilitates this process even further.
- Everything in one window. Over 100 coins and tokens in one place, no waste of time searching for coins on several exchanges.
- Best Rate. In the Best Rate mode, you will get the most profitable rate and even be able to take advantage of rate fluctuations.
- Easy exchange. Thanks to a simple and user-friendly interface, the exchange of cryptocurrencies will require only a few actions. No complicated registrations or several accounts.
Wrapping Up
We are thrilled to bring you the news about the DEX integration to ChangeHero. If you don’t want to miss the next big thing to come to the platform, follow us! The news about ChangeHero and the crypto world is posted in the blog, and for online updates, keep an eye on our social media:
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