What is IDEX
The third-party lets you connect your Ledger device to their platform, so you can securely trade assets between users (peer to peer) through an automated process. The funds are held by you in your personal wallet and not by a third party.
When you own cryptocurrencies, what you really own is a “private key”, a critical piece of information used to authorize outgoing transactions on the blockchain network. Whoever has the knowledge of this key can spend the associated funds. Hence the famous expression “not your (private) keys, not your bitcoins”. Owning your private keys gives you much more power and control.
IDEX is a decentralized cryptocurrency exchange relying on the Ethereum blockchain.Unlike other decentralized exchanges, IDEX manages the transactions for its users through smart contract. It provides the user a similar experience to centralized exchange while offering the security of using the Ethereum blockchain. Users can use Ledger products to trade directly on IDEX using the Ethereum application.
Keep control of your private keys using our state-of-the-art security products
Trade on the go
By plugging in IDEX our devices, you can easily buy and desposit an extensive range of tokens
Idex staking allows you to contribute to the platform in exchange as a reward of a compensation in ether (ETH)
To make sure you securely manage your crypto, we designed two hardware wallets: the Ledger Nano S and the Ledger Nano X.
Our devices allow you to manage multiple assets with a single hardware wallet, in a secured environment.
Please do not store more coins on an exchange (including @krakenfx) than you need to actively trade. Use Ledger or Trezor. DEXes are not a panacea — look at the DAO. Open source just means exploits will be discovered sooner (probably not by good guys).
Jesse Powell, CEO Kraken
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