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Waves.Exchange

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Waves.Exchange

Seychelles

Founded in

2017 (8 Years)

Founded

Last online: No recent activity

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3 Reviews

Average

2.73/5

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2.67

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Maryam Garba

Direct review

Great

Overall Thought

Waves.exchange, also known as the Waves DEX, offers a decentralized trading platform that prioritizes speed, security, and reliability. With a focus on Waves-based assets and other supported digital currencies like Bitcoin and Litecoin, the platform caters to a wide range of trading preferences. The inclusion of Neutrino-powered fiat stablecoins, such as EUR Neutrino and GBP Neutrino, provides users with additional options for stable trading. Waves.exchange's commitment to supporting various assets and offering a secure trading environment makes it a promising choice for those seeking decentralized trading solutions.

Thg 08 29, 2023

askyargamji

Direct review

Excellent

Overall Thought

"Discovering Waves.exchange has been a game changer in my cryptocurrency journey. Navigating their website is seamless, and their user-friendly platform offers a comprehensive range of crypto services. What sets Waves.exchange apart is their dedication to user empowerment and innovation, evident through their user-friendly features and unique blockchain solutions. The real-time market data and secure wallet options have been invaluable in my crypto experience. Thanks to Waves.exchange, I've found a trusted partner for my crypto needs, making it easier to trade, manage assets, and participate in the exciting world of blockchain technology."

Thg 08 26, 2023

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Waves.Exchange Crypto Exchange Review: A Comprehensive Analysis

Overview and General Information

Waves.Exchange, a core component of the Waves ecosystem, emerged in 2016 under the leadership of Sasha Ivanov. Its primary mission is to establish a decentralized infrastructure facilitating the creation, trading, and management of digital assets and tokens. This decentralized approach contrasts with centralized exchanges, offering potential advantages in terms of security and transparency, although it also introduces complexities for some users. While the platform itself operates within various regulatory frameworks aiming for compliance with international standards, specific certifications and licenses held by Waves.Exchange are not explicitly publicized. This lack of readily available licensing information should be a factor considered by users assessing the platform's regulatory standing.

Products and Services Offered by Waves.Exchange Crypto Exchange

The heart of Waves.Exchange is its decentralized exchange (DEX). This DEX allows users to trade a variety of digital assets and tokens within a decentralized environment. Beyond trading, a key feature is the ability to issue custom tokens. This functionality empowers users to create their own cryptocurrencies for diverse applications, such as crowdfunding campaigns or internal token economies within organizations. This empowers users to create cryptocurrencies without needing to build their own blockchain, lowering the barrier to entry for the creation of new digital assets. This ability significantly differentiates Waves.Exchange from exchanges focused solely on established cryptocurrencies. Further enhancing its developer-focused approach, the platform offers tools for building decentralized applications (DApps) utilizing its Proof of Stake consensus algorithm, adding a valuable layer for those seeking to develop on the Waves ecosystem. Finally, the Waves Lite Client provides a user-friendly interface for managing WAVES tokens and other assets, streamlining the user experience for managing holdings. The platform's use of the RIDE programming language for smart contracts allows for flexible and adaptable contract creation.

Product Features and Conditions

A cornerstone of Waves.Exchange's design is its emphasis on usability and transaction speed. The platform leverages its proprietary Waves-NG consensus mechanism, a variation of Leased Proof of Stake, designed for rapid and cost-effective transaction processing, aiming to surpass the transaction speeds and costs of other blockchain networks like Ethereum. This speed and efficiency are key selling points for users seeking swift and economical transactions. In terms of security, Waves.Exchange adopts a decentralized architecture which, by its nature, disperses points of vulnerability. Furthermore, it employs a Matcher algorithm optimized for fast and reliable transaction matching. To handle Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance, the platform cleverly shifts much of the responsibility to gateway service providers. This approach represents a unique security measure and balance between regulatory compliance and decentralization.

Contact Channels and Customer Support

Unlike many centralized exchanges, Waves.Exchange doesn't provide readily available contact methods like dedicated phone numbers or email addresses for direct customer support. However, a vibrant and active community forms the backbone of support. Users are encouraged to engage with this community through its forums and channels for assistance and updates. This community-driven approach is common among decentralized platforms and emphasizes user collaboration and self-sufficiency. Information concerning official service hours or structured support quality metrics is lacking, highlighting the reliance on the community and its responsiveness as the primary avenue for troubleshooting and assistance.

Pros and Cons of Waves.Exchange Crypto Exchange

**Pros:** * **Decentralized Architecture:** This inherent decentralization minimizes single points of failure and enhances security and transparency, fostering trust among users. * **Fast Transactions:** The Matcher algorithm contributes to remarkably fast and reliable transaction processing, a key advantage over some slower blockchain networks. * **Custom Token Issuance:** The ability to create custom tokens enables versatile applications and empowers users with innovative financial instrument creation. * **Community Support:** The active community plays a crucial role in supporting users and providing helpful resources. **Cons:** * **Complexity for Beginners:** The platform's decentralized nature and the technical intricacies inherent in interacting with a DEX might present a significant hurdle for users lacking experience with blockchain technology. * **Regulatory Compliance Transparency:** The absence of publicly disclosed certifications and licenses may raise concerns for users prioritizing regulatory clarity.

Summary of Waves.Exchange Crypto Exchange Review

Waves.Exchange is particularly well-suited for developers seeking a robust decentralized infrastructure for creating, trading, and managing digital assets. Its functionality around custom token issuance is a significant draw. The fast transaction speeds and the platform's inherent security features related to its decentralized nature are additional benefits. However, potential users should acknowledge the platform's complexity and require a certain level of technical proficiency to fully leverage its capabilities. The lack of easily accessible customer support should also be carefully considered, as this differs from the more readily available support found on centralized exchanges. The value proposition hinges on the user's priorities. If the need for a decentralized system, custom token creation and fast transaction speeds outweigh the challenges of a steeper learning curve and limited readily available customer support, then Waves.Exchange may be an excellent choice. However, users prioritizing user-friendliness and readily available customer support might find alternative platforms more suitable.

Frequently Asked Questions about Waves.Exchange Crypto Exchange

While a dedicated FAQ section isn't readily available on the Waves.Exchange website itself, information regarding the platform's operations, functionalities and troubleshooting can be widely sourced through the active Waves community, their documentation and forums. Users seeking answers to specific questions should leverage these resources for detailed information and community assistance.

References

- [1] https://weareblox.com/en-eu/waves - [3] https://coinbureau.com/review/waves-protocol/ - [5] https://coinbureau.com/review/waves-platform-decentralised-asset-exchange/