What is KuboDEX?
KuboDEX is a decentralized exchange offering instant, real-time order matching with Secure on-chain settlement. KuboDEX enables users to trade Continuously without waiting for transactions to mine, fill Multiple orders at once, and cancel orders immediately without any costs. Transfers are booked immediately, making express transfers possible without the need of third parties; buyers and sellers are immediately connected.
What is the goal of KuboDEX?
The goal is to ensure users can benefit from new developments in the cryptocurrency market while mitigating risks arising from cryptocurrency ownership, transfer, and exchange. We have developed a fair and transparent platform that allows for the exchange of cryptocurrencies without intermediaries. This helps users save money, and protects them against fraud through the use of smart contracts.
What are the Benefits of Using KuboDEX Exchange?
KuboDEX exchange is an independent platform where data is not kept on a single server but is instead shared amongst all users. It uses a decentralized database, which is immune to any manipulation and cannot be shut down, even by governments, so long as there is at least one single active user. With digital currencies exchanges like KuboDEX, buyers and sellers are immediately connected and transfers are booked immediately, making express transfers possible without the need of third parties.
Why Choose KuboDEX Decentralized Exchange?
KuboDEX Exchange is a decentralized model offering several advantages over other exchanges. KuboDEX is a fully decentralized trading platform and decentralized exchange. This means you don’t have to trust an administrator to hold your funds. Your funds are held in a smart contract in such a way that you and only you can deposit/withdraw/trade. By design, this means that you only need to interact with your own wallet software or the MetaMask wallet Chrome extension any time you want to do anything on the trading platform (deposit, withdraw, trade). For new and first-time cryptocurrency traders and decentralized application (dapp) users, this can be both an easy way to learn how to interact with an exchange platform, and quite liberating for more seasoned users who understandably don’t want to sacrifice privacy and private key security on centralized trading platforms. With the KuboDEX decentralized trading platform, you don’t have to worry about that.
How gas (transaction) fees work:
Every Ethereum transaction involves a gas fee which is paid to miners on the Ethereum network. On KuboDEX, Ethereum transactions are required for depositing, withdrawing, and trading. If you’re using KuboDEX with MetaMask, you can lower the gas price when you accept a transaction to pay a lower gas fee. We recommend a gas fee of 4 gwei if you don’t mind waiting a few blocks for your transaction to confirm. If you’re using KuboDEX without MetaMask, the gas price is fixed at 4 gwei.
If you’re not using MetaMask, you can set the gas price from the “Gas price” item in the account dropdown (upper right).