The Wavesplatform.com is a decentralized cryptocurrency exchange built on the waves open source blockchain platform. The WavesDEX differs from most other cryptocurrency exchanges because it is built on a blockchain and is used not only for the exchange of digital assets but for crowdfunding through ICOs as well.
The Wavesplatform.com was developed in 2016 by Sasha Ivanov and has since become the only working decentralized exchange built on blockchain technology. The exchange is still in its early stages and will not be fully realized for it’s potential until further along in the project.
Wavesplatform.com Account Registration Method
- First, click “Sign Up” in the upper right corner from the Wavesplatform.com top page
- Then set up your email address and password.
- After setting the mail address and password, click “Get code”
- Since an e-mail code is sent to the registered e-mail address.
- If you click “Get code”, there is a time limit of 60 seconds, so let’s input within 60 seconds.
- Finally, check the agreement of the terms of service and check “Sign Up” and register your account with Wavesplatform.com.
Waves DEX Trading fees
This decentralized exchange doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. Waves charge 0.003 Waves per transaction. This is approximately 0.44 cents (USD 0.004412) on the date of last updating this review, being 20 July 2019. Accordingly, trading fees are extremely low and competitive.
Waves DEX Withdrawal fees
To understanding, also withdrawals are charged with the extremely low fixed “0.003 Waves per transaction”-fee. All in all, the fees here are so low that they should almost be deemed as non-existent.
At this particular exchange, you can deposit through both wire transfer and credit cards. This can be helpful especially for newer crypto investors. According to our testers, however, when purchasing Waves by credit card, the mark-up is insane. One of our testers reported having to pay 26% more than the current market price. These deposit fees are indeed scary.
Supports a range of fiat and cryptocurrencies, including USD, EURO, TRY, BTC, ETH, LTC, ZEC, BCH, BSV, DASH and XMR, all of which can be deposited, stored, traded and withdrawn
Can be used on Windows, Mac OS, Linux, iOS and Android devices.
All traffic and private keys are encrypted and stored only on your device. Face ID, Touch ID and Fingerprint scanning are supported
Easy token creation
Launch a new token with customised properties in under 60 seconds, for a fixed fee of just 1 WAVES
Easy to install, with a straightforward and intuitive interface
Waves NG protocol facilitates high transaction speeds.
Low and fixed Fees
Another rather unique feature of this exchange is the way trading fees are structured. There is a fixed fee of 0.003 WAVES on all orders. With the current price of a single token being around 7.45, this is slightly more than 2 cents per trade. This will be very beneficial for bigger traders.
Wavesplatform.com Customer Support
You can get access to customer support at Wavesplatform.com through a customised ticket system. To raise a query, enter your name, email address, write a brief description and one of the listed categories in a drop-down menu and submit the ticket.There is also a frequently asked questions (FAQ) section which addresses most basic queries. In addition, you can send an email at [email protected]Wavesplatform.com.