IDEX vs MetaMorph.Pro

Mirror mirror on the wall - Who’s the most decentralized exchange of them all?

IDEX is a hybrid exchange which means that it is both decentralized and centralized. The exchange uses smart contracts to manage custody of funds, to trade and for settlements while the exchange itself facilitates off-chain balances, the order book, and trade dispatching. IDEX has created a real-time trading experience that is very similar to traditional centralized exchanges which presumably is the reason why it has become very popular.

Unfortunately, this also comes with a clear trade-off as users need to deposit their funds into IDEX to be able to trade on the exchange. This creates two extra steps to the trading experience (deposit and withdrawal) unless users are willing to leave their funds on the exchange.

While this hybrid constellation makes it possible for users to cancel their trades without paying gas fees, it also means that the exchange can choose to rescind a transaction until it is processed and sent to be mined. IDEX has a minimum trade order of 0.15 ETH ($26.44) for Makers and 0.05 ETH ($8.81) for Takers, a 0.04 ETH ($6.86) minimum withdrawal. IDEX has set a fixed price of 140.000 gas to process transactions to create this real-time trading experience, which by many could be considered quite expensive.

MetaMorph.Pro is a new decentralized all-in-one platform to trade, exchange and manage cryptocurrencies. Users simply log in to the platform using the MetaMask wallet and they are ready to start trading in moments. All transactions are automatically processed and shown in the wallet in now/then price and the portfolio is automatically imported directly from the wallet address. The address book is a feature that is sure to make cryptocurrency less complicated.

Besides offering more than 150 different cryptocurrencies in the trading section, the platform also features an exchange section that makes it easy for users to swap between 116 cryptocurrencies, including non-ERC-20 tokens such as Bitcoin for a low flat 1% exchange fee. The minimum amount in the exchange section is dynamically determined as per price fluctuations. Fees on the trading section are just 0.1% for WETH pairs and only 0.05% when using the native METM token to trade. The minimum amount in the trading section is just $5 for Maker with no minimum for Taker and you can choose between three different gas fees.

Check out the new MetaMorph.pro platform today and start trading with your MetaMask wallet! You can also import your Exodus or MyEtherWallet into MetaMask in a few moments. There are NO trading fees during the beta period.