What is OnChain?
OnChain is CoinEx’s token order service that combines the advantages of decentralized exchanges (DEX) with the convenience of centralized exchanges (CEX). With OnChain, users can trade a diverse range of on-chain assets on CoinEx without engaging directly with the blockchain, enhancing both efficiency and security.
Core Advantages of CoinEx OnChain
1. Security and convenience:
All operations are conducted on CoinEx, with no need for external transfers or wallet creation, minimizing the risk of information leakage and phishing attacks.
2. Aggregated liquidity pools:
CoinEx connects to multiple liquidity pools across various chains and employs advanced smart routing algorithms to match users with the best quotes and fastest execution in real-time.
3. Transparent fund flow:
OnChain allows you to trade directly using your Spot account balance. After a purchase, tokens are automatically deposited into your OnChain assets within the Spot account, providing full traceability.
Trade via OnChain in 3 Steps
1. Buying:
- Select the token you wish to buy by either searching for the smart contract address or choosing from the “Hot” list.
- Enter the payment crypto and amount, set slippage tolerance, and confirm the estimated amount you’ll receive.
- Submit the buy order and wait for the transaction to complete.
2. Selling:
- Select the token you want to sell
- Enter the selling amount, set slippage tolerance, the crypto you want to receive, and confirm the estimated amount you’ll receive.
- Submit the sell order and wait for the transaction to complete.
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