We very pleased to announce the launch of our new cryptocurrency website, which features an innovative DEX platform, at CryptosOnline.com!
I’m sure some of you are asking, “What on earth is a DEX?” This brings me back to the 1990s when people were asking, “What on earth is a .Com?” Well, they’re both very similar in a sense. DEX signifies what .Com signified in the earlier days – self empowerment, decentralization and opportunity.
DEX stands for Decentralized Exchange. It is a peer-to-peer online service that allows direct cryptocurrency swaps between two or more interested parties. This emerging technology is aimed at overcoming some of the challenges that are inherent in centralized exchanges. Some of those challenges are: custodial risk, shared financial information and the potential for fractional reserve risks associated with leveraged trading platforms.
In basic terms, this technology can alleviate many of the concerns associated with centralized exchanges by removing the middleman from the equation. This technology is part of an even bigger virtual infrastructure called DeFi. I will delve deeper into DeFi in a future post.
These very exciting technologies are what inspired me to launch CryptosOnline.com. They provided me with an opportunity to create a useful resource for the crypto community which offers a very special DEX platform. This platform is connected to top decentralized exchanges and synthetic asset providers. When you execute a cryptocurrency swap, your order is routed to the sources offering the best prices on the market.
The process is incredibly fast, very secure and offers cost savings to our users. For added peace of mind, users are covered by automatic insurance through Nexus Mutual. Users are covered for up to 600 Ethereum in the event that funds are lost during a swap due to an unforeseen bug.
Please feel free to check it out at https://swap.cryptosonline.com.
CryptosOnline.com also offers cryptocurrency pricing, conversion rates, access to multiple blockchain explorers and other useful resources. We also feature the latest crypto news curated from multiple sources.
I hope that you will find CryptosOnline.com to be a useful resource. Please feel free to reach out if I can be of any assistance. I would be most grateful for your thoughts and feedback. Please find social media links below. Your likes, shares and follows would be most greatly appreciated 🙂
All the very best,