General Overview
Newdex is a decentralized exchange focused on the EOS ecosystem. Launched in 2018, it was one of the first DEXs built for EOS tokens. Over time, limited multi-chain support was added, but EOS remains its core. Trades happen directly from users’ wallets via smart contracts, ensuring non-custodial settlement.
Key Features
- On-chain settlement - trades occur directly from wallet to wallet.
- No registration - connect using EOS wallets like Scatter or Anchor.
- Low trading fees - usually ~0.1%, collected automatically by the contract.
- EOS token diversity - supports many smaller EOS-based tokens not listed elsewhere.
Trading and Fees
Trading is spot-only, with fees averaging 0.1%–0.15%. Since trades are on-chain, there are no deposits or withdrawals: once confirmed, tokens arrive directly in your wallet. The catch is EOS network costs (CPU/NET/RAM), which can add overhead for frequent or large trades. Liquidity is healthy for top EOS tokens but thin for micro-caps.
Security and Regulation
Because Newdex never holds funds, risks of exchange wallet hacks are eliminated. However, decentralization also means no customer support or recourse if errors occur. There is no insurance, no audits, and no regulatory oversight. Smart contracts run the platform, and so far, Newdex has avoided major exploits.
Who Should Use It
Best For
- EOS community members trading native tokens.
- Decentralization advocates who want full custody of funds.
- Experienced users comfortable with on-chain resource management.
Not Suited For
- Casual traders looking for broad coin access.
- Investors needing deep liquidity across major assets.
- Users who expect regulatory safety nets or customer support.
Conclusion
Newdex is a niche DEX built around EOS. It offers transparency, low fees, and complete self-custody for EOS token swaps. For EOS enthusiasts, it remains the primary market. But with limited liquidity, network resource costs, and no safety nets, it demands caution and self-reliance. For those ready to manage wallets and contracts directly, it does the job well.
FAQ
Is Newdex regulated or insured?
No. It is a decentralized exchange with no regulator or insurance backing.
What are trading fees like?
Usually around 0.1%, automatically collected by the contract.
How do deposits and withdrawals work?
They don’t exist - trades happen directly from your EOS wallet through smart contracts.
Who is Newdex best for?
EOS token traders and decentralization advocates comfortable managing their own wallets and blockchain resources.