RuDEX Cryptocurrency Exchange Review : Pros & Cons

About RuDEX

RuDEX is a decentralized exchange (DEX) built on the EOS blockchain. It allows users to trade cryptocurrencies without having to go through a centralized exchange, which can help reduce the risk of hacking and theft. With RuDEX, users have control over their private keys and assets, making it a more secure and private option for trading cryptocurrencies.

The platform supports a wide range of cryptocurrencies, including EOS, Bitcoin, and Ethereum, and it provides users with fast and efficient trading services. RuDEX also has a user-friendly interface and provides advanced trading tools, such as charting and analysis tools, to help users make informed trading decisions.

One of the key benefits of RuDEX is that it is a decentralized exchange, which means that it operates on a peer-to-peer (P2P) network and does not have a central authority or third party controlling the platform. This can provide users with a higher level of security and privacy compared to centralized exchanges.

Information Table

How To Register At RuDEX Exchange?

To register on RuDEX, click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

How To Verify Your RuDEX Cryptocurrency Account ?

There is no mandatory verification at RuDEX, but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of 0.001 BTC. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the RuDEX, Revolut platforms.

How To Buy Crypto Or Deposit Crypto At RuDEX Crypto Exchange?

There are two main options for topping up your balance on Kraken. Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From RuDEX Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your RuDEX Account ?

Also remember to go to the Security tab and activate two-factor authentication using the Google Authenticator app – this is the most reliable way to prevent unauthorized access to your account.

RuDEX Fees

RuDEX charges fees for its services, such as trading fees, withdrawal fees, and listing fees. Here is a brief overview of the fees charged by RuDEX:

1. Trading fees: RuDEX charges a small fee for every trade made on its platform. This fee is used to cover the cost of processing the trade and to ensure the sustainability of the exchange.
2. Withdrawal fees: RuDEX also charges a fee for withdrawals, which is used to cover the cost of processing the withdrawal and to prevent excessive network usage.
3. Listing fees: RuDEX charges a fee for listing new tokens on its platform. This fee is used to cover the cost of reviewing and integrating the new token, and to ensure that only high-quality assets are listed on the exchange.

Gateways

Features Of RuDEX Crypto Exchange

Available At Android & IOS Store

RuDEX Cryptocurrency Exchange exchange application available on both world famous mobile store google play store and iOS store . You Can download App and start trading.

Decentralized trading

RuDEX operates on a decentralized platform, which means that users control their own funds and personal information. This eliminates the need for intermediaries, reducing the risk of fraud or hacking.

User-friendly interface

RuDEX provides a user-friendly interface that makes it easy for users to trade and manage their assets.

Liquidity

RuDEX integrates with several liquidity providers, ensuring that users have access to a large pool of assets to trade from.

Security

RuDEX implements advanced security measures to protect users’ funds, including multi-sig wallets and a secure cold storage solution.

Fast and efficient trading

RuDEX offers fast and efficient trading, with low latency and high-throughput processing.

Access to multiple blockchains

RuDEX allows users to trade assets from multiple blockchains, including EOS, Ethereum, and more.

Support for multiple languages

RuDEX supports multiple languages, making it accessible to a wider range of users.

24/7 Live Chat

If you’re awake, they are too. When you need help, your team of experts will work with you via 24/7 live chat to reach a quick and efficient resolution.

RuDEX Conclusion

This chapter is the concluding chapter of this book. They’re going to talk briefly about what they have learned throughout the book, and how this tried to teach Rematch with real-world situations, including a complete shopping store and a React Native application. The future is moving fast, and in this chapter, they will try to unravel what the next steps are that state management libraries are trying to solve and how they’re reinventing themselves, even Redux.