WAX (Dex) Decentralized Exchange Alcor

A significant advantage of a decentralized exchange (DEX) like Alcor. Is that it provides users with a high level of control and security over their funds.

Unlike centralized exchanges, where users have to deposit their funds into the exchange’s custody. DEXs allow users to keep their funds in their own wallets. Execute trades directly from their wallets. This eliminates the risk of funds being lost or stolen due to hacks or internal fraud. Users retain full control of their funds.

Furthermore, DEXs are built on blockchain technology. Which provides an immutable record of all transactions. This transparency ensures that all trades are conducted fairly. Without any manipulation or insider trading.

DEXs also offer greater privacy to users . As they do not require any personal information or KYC (know your customer) verification. Which is often mandatory for centralized exchanges. This allows users to trade without exposing their identity or personal information.

Wax Games

Wax Wallet

Wax Dex

Wax Marketplace

Buy WaxP

Connect Wallet

Connecting with Alcor choose your Wallet

Once you arrive at the Alcor Dex, you will be prompted to connect to one of the many Wallets, Wax Cloud Wallet, Anchor, Scatter/TP/Starteos, SimpleEOS, Ledger, or Wombat.

Connected Wallet

Front page of Alcor DEX, decentralised exchange

You will be requested to sign the transaction, then you are all connected to your chosen Wallet

Swapping Coins

Trade pairs on WAX blockchain, DEX, decentralised exchange

You can trade in Markets your WAX for any other coins on the WAX Blockchain. Set a limit trade or take the market price

Provide liquidity

Add liquidity DEX, decentralised exchange

There is also the option to provide liquidity and earn a small fee, each time a transaction takes place. These fees are shared with the pool and divided according to your liquidity percentage. Please look up “Impermanent Loss”. To add liquidity choose equal amounts of the chosen assets and provide 50% of each to the pool.

(OTC) Over The Counter

Over the counter swapping, DEX, decentralised exchange

There is also a n Over The Counter section, where you can offer X amount of Coin A for X amount of Coin B. Rather like a swapping feature. Beware of Fake coins….

(NFT) Non Fungible Tokens

NFT's on Alcor DEX, decentralised exchange

There is also a chance to buy and sell any NFT’s Non fungible tokens.