What Is Exactly A Decentralized Exchange?
A decentralized exchange is an exchange that does not rely on a third party to hold customers’ funds. Instead, decentralized exchanges such as Trex Exchange facilitate trades that occur directly between customers, on a peer to peer basis.
What Are The Benefits Of A Decentralized Exchange?
Decentralized exchanges are, by their very nature, trustless. That means that you don’t have to trust the exchange to hold your funds on your behalf. (We know what that can lead to). Instead, you send your funds to an ETH contract programmed to conduct a peer to peer exchange of tokens upon receiving promised funds from both counterparties. This makes transactions auditable, secure, safe and fast
My Transaction Is Taking Forever To Confirm. Can You Help?
Sometimes the ETH network gets clogged and it takes longer than usual for fund transfers to confirm. If that’s the case, your best strategy is to sit tight and track your transaction on EtherScan. We also adjust the gas prices dynamically so in most cases it should be enough.
Can I List My Coin On TREX?
Yeah, it is possible of course. Please fill out this form, and we will notify you as soon as possible.
What is an orderbook?
An order book is a list of orders that a trading venue uses to record the orders of buyers and sellers. A matching engine uses the book to determine which orders can be fulfilled and what trades can be made. TREX hosts an Order Book where Maker's post their orders cryptographically signed to ensure security. The Order Book is hosted ”off-chain” which means the bulk of transactional data is stored separate from the Ethereum Blockchain and only final settlement is recorded to the Ethereum Blockchain. This is done to allow high transaction volumes in real time at a low cost.
What are your fees?
For the Grand Opening period of Trex Exchange all fees are ZERO! The only stakeholders benefit from fees on Trex are Ethereum miners who process your transactions!