DexGuru Review—Ease of Use, Fees, Wallets, and More

Josiah Makori
By Josiah Makori
Siphokazi Mdidimba
Edited by Siphokazi Mdidimba

Published June 6, 2022.

Our team independently researches and recommends the best products and services. We publish unbiased reviews and are not influenced by compensation we receive through affiliate partnerships.

Dex.Guru

DexGuru is a decentralized cryptocurrency trading and analysis platform designed for modern traders. At its core, DexGuru combines on-chain blockchain analytics and trading capacities under one roof. In other words, you can trade and monitor various digital assets on one platform. You can also analyze and compare the price movements of various digital currencies using multiple indicators. In essence, everything thought of a modern decentralized stock exchange can be found on DexGuru.

A number of DexGuru users may agree that the developers behind this project did a fantastic job. The platform is exceedingly intuitive with a user-friendly interface. Read on to learn more

Dex.Guru


Pros


  • Intuitive and beginner-friendly interface
  • Plenty of on-chain trading information
  • It supports many blockchains and wallets
  • No trading fees—users only pay for network gas fees

Cons


  • Only market orders are available
  • It offers only spot trading

Is DexGuru Easy to Use?

Although DexGuru offers a plethora of essential trading information that appears jumbled on its front-end view, if you keenly compare it with most of its competitors, you will discover that DexGuru’s interface is as intuitive as its mission.

Unfortunately, further intuitiveness enhancements are impossible because they throat the information down, and users encounter poorer experiences. However, even though it’s your first time trading digital assets, DexGuru has multiple documents to guide you through the website and its features.

DexGuru Fees and Pricing

Here are two easy steps on how you can trade crypto on DexGuru:

  1. You will need to link your Web3 wallet to DexGuru.
  2. You will have to ensure that you set your wallet to the appropriate blockchain. You will also be able to see the blockchain you are using on the upper right-hand side, near your wallet icon.

With that said, you are now ready to trade!

DexGuru has simplified the process of identifying coins from various blockchains by applying colored circles around a coin’s icon. For instance, they wrap the BNB token in orange circles. Furthermore, connected wallets are shown in similar colors as the circles of specific blockchains.

Note

You cannot trade tokens from two blockchains for each other. This simply means you can’t swap MANA (an ERC20 token built on Ethereum) for BUSD (a BEP20 token built on Binance Smart Chain). Nonetheless, most ERC20 tokens have pegged versions on Binance Smart Chain.

To trade a particular asset, you need to choose it from DexGuru’s Market Selector section. You will only enter the amount of funds to be deducted from your Web3 wallet. Once you're done with this, the system will automatically calculate the amount of coins you will receive after a successful transaction.

If this is your first time executing a transaction with a particular coin, you must complete a coin approval transaction first by clicking the "Approve/Sell" tab.

After approving the token spending limit in your Web3 wallet, you will see a Swap Confirmation pop-up window. If the asset doesn’t require approval, you will see the Swap Confirmation just after clicking the "Buy/Sell" tab.

You can modify the price slippage and validator tip and select the gas price within the Swap Confirmation window. After setting the above parameters accordingly, press the Confirm button to complete the transaction.

Apart from network gas fees—which are mandatory in any exchange—DexGuru doesn’t charge any fee. The company depends entirely on donations and sponsorships to run its activities. Regardless, you won’t pay any fees as a DexGuru trader.

What Wallets Are Supported by DexGuru?

Most DEXs don’t support a broad basket of Web3 wallets because of security reasons. DexGuru supports most if, not all the popular DeFi wallets, including:

  • MetaMask
  • Trust Wallet
  • WalletConnect
  • Ledger (through MetaMask)
  • Trezor (through MetaMask)

Now that you are aware of the wallets supported by DexGuru, let’s discuss how you can connect your wallet to DexGuru. Before we do that, let’s first briefly discuss the benefits of linking your wallet to DexGuru.

Benefits of Connecting Your Wallet to DexGuru

  • Add assets to your preferred list
  • Synchronize your preferred list across all your gadgets
  • Trade crypto directly on the DexGuru platform
  • Create price alerts via Push Notifications
  • Access multiple charts
  • Create trader and asset profiles

How to Connect Your Wallet to DexGuru

It’s important to note that DexGuru is a non-custodial crypto exchange. Therefore, the funds in your DeFi wallet are always under your full control.

On Desktop

Connecting MetaMask with DexGuru

  1. Search for the MetaMask wallet on your browser
  2. Press the wallet icon on the upper right-hand side
  3. Select MetaMask
  4. DexGuru employs signature requests to authenticate users—you will need to confirm that you possess the private keys to the address by signing in

Connecting with WalletConnect

  1. Press the wallet icon on the upper right-hand side
  2. Select WalletConnect
  3. Scan the QR code from your WalletConnect wallet, and approve the Signature Request

It’s worth noting that to connect WalletConnect to DexGuru, you must disable or delete the MetaMask browser extension as it conflicts with other wallets. Alternatively, you can switch to Incognito mode. That is it.

On Mobile

Connecting MetaMask or Trust Wallet to DexGuru

  1. Download and install a MetaMask wallet on your phone
  2. Proceed to your wallet app and search for Dex.guru
  3. Press the wallet icon on the upper right-hand side
  4. Select MetaMask or Trust Wallet

Congratulations, you are done! However, for Trust Wallet, you need to change the network by:

  1. Pressing the wallet icon on the upper right-hand side of the browser
  2. Selecting Wallet Connect
  3. Scanning the code on display using the Trust Wallet app
  4. Choosing your wallet within the app
  5. Choosing your preferred network within the app
  6. Confirming the signature request within the app
  7. Pressing “Save and Leave” within the app

You're done.

Information on DexGuru Tokens

DexGuru uses Token Lists to offer its users more token information. Remember, verified status isn’t investment advice, final approval, or any recommendation. It’s a sign that a particular asset is trustworthy enough to be acknowledged by a listing creator like UniSwap.

Besides, assets that aren’t fully verified and classified under the Full Degen Mode are not necessarily scams. Degen Mode basically contains assets that have not been inspected and certified by creators.

As always, Do Your Own Research (DYOR) on any token before trading, especially those missing on Token Lists.

Is DexGuru a Legit DEX Platform?

DexGuru is a legit and modern trading platform for beginners and experienced traders alike. DexGuru stands out from other DEXs by allowing users to compare and monitor various digital currencies in real-time and use its rich historical data to make informed decisions. Above all, DexGuru imposes no transaction charges on trades.

DexGuru Review—Ease of Use, Fees, Wallets, and More

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1inch Exchange Review—Ease of Use, Fees, Wallets, and More

Decentralized exchanges (DEXs) provide multiple benefits compared to Centralized Exchanges (CEXs)—benefits such as heightened security, self-custody, a broad basket of tokens to trade, and anonymity. Nevertheless, with the introduction of numerous DEXs and liquidity pools, monitoring and tracking asset price movements on different exchanges have become a nightmare. Besides, the Decentralized Finance (DeFi) industry is threatened by a wave of thin order books with minimal liquidity, which may cause huge losses through order cancellations. This is what led to the creation of the 1inch Exchange. 1inch is a non-custodial crypto aggregator that aims to solve the issue of thin order books and front-runner miners. It works by splitting orders and sharing them with other DEXs to get the best rates and reduce slippage. Read on to learn more. What Is 1inch Exchange? 1inch is a DEX aggregator, in other words, instead of functioning as an exchange itself, 1inch shares orders with DEXs and individual liquidity providers–fishing for the best exchange rates. It integrates flawlessly with many DEXs like UniSwap, MooniSwap, SushiSwap, the Balancer, and others. Users find it easy to swap ERC20 tokens with a single click. Currently, the aggregator supports more than 250 cryptocurrencies. 1inch aims to provide the best exchange rates for crypto traders by leveraging effective swapping routes from DEX exchanges and private liquid providers. In this regard, 1inch shows its users' available market prices and liquidity to make wise trading decisions. This eradicates the need for users to manually monitor different exchanges concurrently for the best rates. ProsCHI Gas Tokens minimize transaction charges further.Experienced no security breaches so farUser-friendly interfaceNo charges for deposits, trading, or withdrawalsThe platform aggregates exchange order books and private liquidity pools and ensures better liquidity and ratesConsDoesn't support fiat currencyThe "Infinity Unlock" tool could potentially be exploited in the future How Does 1inch Work? Let's use an example of a trader who wants to purchase 10,000 ETH at $3,000 per coin to better illustrate how 1inch works. However, he only has 7000 ETH available on the DEX he is using when his order reaches the market. Consequently, the DEX will move his 'buy order' to the subsequent 'sell order' after filling the 7000 ETH. Assuming that the subsequent sell order is set at $3,050 per ETH; in this scenario, the buyer will incur $150,000 ($50 per ETH * 3000 ETH) more than he initially projected. The 1inch aggregator prevents such instances by merging trades across multiple exchanges, increasing liquidity, and reducing market slippage. Slippage happens when inadequate market volumes compel traders to buy assets at higher prices than they initially intended. 1inch Exchange Fees The popular exchanges 1inch uses include UniSwap, Ox, SushiSwap, the Balancer, and Kyber Network. The aggregator doesn't charge users' trading, deposit, or withdrawal fees. However, like in other decentralized stock exchanges, you will pay network gas fees for every transaction you make on 1inch. It's also good to note that since 1inch is a DEX aggregator, your trading fees will significantly depend on the exchange you choose to complete your swaps. 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In this regard, it's unrealistic to calculate precisely the gas fee you will incur. The CHI Gas Token (CHI) is an Ethereum-based token designed to minimize gas fees on the 1inch platform. Its value is tied to the gas price set on the Ethereum blockchain. When you purchase CHI tokens, you save 1% more in transaction costs than the Ethereum Gas Token (GST2). Besides, when you sell/burn CHI, you save 10% compared to GST2. You can purchase CHI tokens on 1inch or on other exchanges, afterward, you can activate them to minimize your transaction costs. 1inch Exchange MooniSwap This is an Automated Market Maker (AMM) DEX meant to provide similar services as UniSwap. MooniSwap leverages smart contracts to pool liquidity for ERC20 coins. Buying 1INCH Tokens You can buy 1INCH Tokens on the 1inch exchange or on popular exchanges like Binance, Coinbase, Huobi Global, Crypto.com, UniSwap, etc. The 1inch Foundation is the body that is responsible for issuing 1INCH tokens. 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Decentraland Review—Ease of Use, Fees, Profitability, and More

As the name suggests, Decentraland is a fully decentralized virtual reality platform where its users can create assets, trade coins, and explore the virtual world while using cryptos and NFTs. This virtual reality platform is in the form of a browser-based game where the main goal is working with virtual real estate and earning money. Once a user joins the Decentraland platform, they can start buying virtual real estate in the form of parcels with cryptocurrencies. If you have a parcel, you can use it to construct buildings like museums, art galleries, theaters, and much more. Since the platform is built on the Ethereum blockchain, anyone can join it as long as they have an ETH wallet. To learn more about Decentraland, continue reading. 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Decentraland can run on the ETH blockchain and build its own components on top of it with the help of smart contracts. Smart contracts regulate every transaction that happens on Decentraland, with all parcels of land having real coordinates written on the blockchain. So, what is the purpose of Decentraland, and how does it work? Once a user joins, they can start buying and exchanging LAND tokens (representing parcels) with MANA. Users can buy parcels of land, construct buildings on them (like a museum with a collection of great NFTs), and then sell them for more MANA than they were originally bought. Decentraland Fees Decentraland is on the low end when it comes to fees, though the platform charges a fee for every transaction. Each time there is a transaction with a land parcel on the Decentraland marketplace, the platform burns 2.5% of the transaction’s value. 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To buy the Decentraland coin, you'll need an ETH wallet and an account at an online exchange. You can then search for MANA and buy as much as you want.

Alpha Homora—Ease of Use, Fees, Wallets, and More

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