Dexilon Review - A DeFi Platform Built by Traders for Traders

What is Dexilon and how is it different from the competition?

DEXILON is a next-generation decentralized derivatives exchange and ecosystem that can be used to launch derivatives contracts on non-crypto assets such as metals, energy, soft commodities, and foreign exchange.

Transparent trading logic and instant execution combined with small fees actually make Dexilon crypto derivatives exchange unique and different from most DEXs in the market.

Supported Wallets

To start trading on the Dexilon crypto decentralized exchange, you will need to connect a compatible wallet such as MetaMask or a hardware wallet connected via MetaMask. As of September 2022, MetaMask is the only supported wallet, with Binance wallet support coming soon.

How to connect your MetaMask wallet to Dexilon crypto decentralized exchange

Connecting your wallet is quick and secure, just follow these steps:

If you don’t already have the Metamask extension installed, open the Chrome Extensions web store and add it to Chrome.

Once installed, you will need to connect your wallet through the SignIn or SignUp process.

Once the installation is complete you will be able to log into the Dexilon website.

Dexilon will ask you to set Polygon Mumbai as the preferred network for the Dexilon website. Agree to this step. You can refer to our more detailed guide on the token deposit process.

Now you are all set!

What coins can you trade on Dexilon?

Since the launch of the new decentralized exchange Dexilon, there is a limited number of assets you can actually trade, but that number will increase with the full launch after 2022.

Currently, you can exchange the following assets:

Bitcoin BTC/USDC
Ethereum ETH / USDC
Solana SOL/USDC
Cardano ADA/USDC
ATOM / USDC
ADA/USDC
DOGE/USDC
DOT/USDC
MATIC/USDC

Main features of Dexilon or how to get more rewards with Dexilon

Dexilon is not the first cryptocurrency derivatives trading platform, but it is the first new dex crypto exchange to provide a fully decentralized limit price offline order book on the native blockchain with efficient TPS. Dexilon reviews the traditional way of cryptocurrency trading by emphasizing security, trust, and legal transparency, setting a new standard for crypto exchange platforms for our investors.

Dexilon's most outstanding features include:

Self-custody with personal cryptocurrency wallets
Redistribute fees between receivers, creators, insurance funds, and data providers
Each limit order book has a rebate
No gas fees are required for each request (the node's costs are paid by the receiver fee)
No KYC is required for futures, cryptocurrency or derivatives trading.
No regulations or restrictions on user behavior

Is Dexilon safe?

Dexilon is indeed secure because it is fully decentralized, so your funds are locked in smart contracts and not held by exchanges. This approach eliminates any possible external threats, making your trading experience with Dexilon safe and secure.

How much does Dexilon cost?

For each creation side, there is a fixed 0.01% rebate, so you will be compensated every time when trading using limit orders. For the receiver, the fee starts at 0.05% and can go down to 0.015% as it is directly linked to the transaction volume and the number of DXLN tokens held.

Disclaimer: This content is for informational purposes only and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not necessarily reflect the views of The Crypto Basic. Readers are encouraged to conduct in-depth research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.