The new Bithumb DEX is open and I have tested it!

The new Bithumb DEX (Decentralized exchange) opened a few days ago, and I have already used it for a couple of trades. As most blockchain fans agree on, the Decentralized exchanges will become more and more important in the future, and that is why Bithumb has opened their own DEX recently.

We also know that Binance is working hard to get their own DEX finished, and it is likely that more and more decentralized exchanges will pop up in the future.

If you take a look at the image above you can see that the Bithumb DEX is already having quite nice volume for their top trading pairs. The top trading pair is Waltonchain (WTC) and it is supposed to have had a 24-hour volume surpassing 2000 Ethereum. If that is a real number, it is quite a start for this new DEX from Bithumb. DENT is in second place when it comes to volume with 400 Ethereum in the last 24 hours.

Using the Bithumb DEX

To use the Bithumb DEX you will need to have Metamask installed on your computer, and have some funds in your wallet. When this is done, visit Bithumb DEX and check your wallet and deposit the funds to the exchange. You are ready to trade in a few minutes!

During the first month, there are no trading fees on the exchange, you only need to pay for the transaction fees for using the Ethereum network.

This looks good

Based on what I have seen so far I really like the look and the feeling of the Bithumb DEX. There are only 10 trading pairs available at the moment, but I am sure many more pairs will be added within the coming weeks and months.

Have you tried the Bithumb DEX yet? Did you like it? Are you a fan of the decentralized exchanges, or do you rather trade on centralized exchanges like Binance and Bittrex? I would love to hear your thoughts!

More interesting articles can be found at www.ipaddressguide.org.