AtomicDEX: A Brief Explainer

Delton Rhodes
Delton Rhodes
AtomicDEX: A Brief Explainer
Table of Contents
Table of Contents

AtomicDEX is a cryptocurrency trading wallet that is powered by atomic swap technology, supporting hundreds of thousands of crypto assets from dozens of blockchains.

AtomicDEX is a cryptocurrency trading wallet that is powered by atomic swap technology, supporting hundreds of thousands of crypto assets from dozens of blockchains.

Best Crypto Trading Wallet

AtomicDEX is a 100% non-custodial multi-coin wallet and atomic swap DEX. AtomicDEX users store coins in their own wallets and make cross-chain swaps while always controlling their private keys.

AtomicDEX is the first end-user application built on top of Komodo DeFi Engine - a purely agnostic atomic swap protocol. The underlying protocol can be used by open-source developers to build a wide array of robust applications, including branded wallets, DEXs, IDO portals, and more.

3 Ways AtomicDEX is different from other DEXs

Widest Cross-Protocol Support

Unlike most DEXs that exist today, AtomicDEX doesn’t limit trading to a single blockchain protocol. AtomicDEX offers the widest cross-chain and cross-protocol support in the entire blockchain space. It’s easy to trade BTC, ETH, all ERC-20 tokens, KMD, and hundreds of other digital assets natively from dozens of blockchains — no proxy tokens required. Komodo developers are continuously adding support for new blockchain protocols.

Limit Orders Made Easy

AtomicDEX takes the concept of One-Cancels-the-Other order (OCO) trading styles and merges it with atomic swap trading process on AtomicDEX. When the multi-order feature is activated, users can place limit orders against any number of pairs at any number of price levels. When orders match, the original funds are reduced for every order that takes a buy out of it, until it’s gone.

Truly Non-Custodial Design

Many DEXs in the blockchain space today aren’t genuinely non-custodial since user funds placed in liquidity pools are constantly exposed to impermanent loss, rugpulls, and vampire attacks. They rely upon automated market makers (AMMs). AtomicDEX, in contrast, avoids these issues by using decentralized P2P order books. Atomic swaps are designed such that the swap takes place and both traders receive the funds they desire, or nothing happens at all and both traders retain the funds they started with (minus a very small transaction fee for the “order-taker”). Atomic swaps make digital asset trading as secure as it can possibly be.

📚AtomicDEX User Guide Series

- AtomicDEX: A Brief Explainer (this guide)
- How To Download and Set Up AtomicDEX
- AtomicDEX Funding and First Trade
- AtomicDEX Features

🔑💰Get AtomicDEX

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