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eXFi Review — Features, Fees, and Security 

Decentralized Finance, or DeFi is one of the novel concepts that has taken over the crypto industry in recent years. The ability to create financial services within a decentralized ecosystem has attracted the attention of investors looking to leverage their capital. 

DeFi services have evolved beyond trading with new concepts like yield farming, lending, and liquidity. One of the elements behind the growing adoption of DeFi is decentralized exchanges (DEXs). These platforms allow users to trade their digital assets while fully controlling their private keys and keeping their identity anonymous. 

Today, we’ll review one of the budding decentralized exchanges called eXFi. We’ll explore its core features and if it is worth your time. So let’s get started. 

What is eXFi? 

eXFi is a non-custodial derivatives trading platform built on the Polygon blockchain network. The platform was established in 2017 and offers margin trading of up to 100x leverage and spot trading. 

On eXFi, a user can make large trades and execute them due to the high liquidity mechanism utilized on the platform. eXFi aggregates liquidity from multiple exchanges, allowing users to complete trades efficiently. Its layer-2 blockchain infrastructure allows users to make deposits and withdrawals with minimal gas fees. 

These processes are handled in a decentralized system that keeps users’ identities anonymous and secure. Since its launch, eXFi has emerged as one of the fastest-growing DeFi exchanges with rising transaction volumes. 

What are the features of eXFi exchange? 

eXFi has several features that we’ll be exploring. 

  1. Trading Crypto

eXFi allows the following types of trades 

  • Margin trading leveraged (up to 100X) 
  • Perpetual futures 

Users gain access to the derivatives market and can increase their profitability by taking advantage of the 100x leverage option for all trading pairs. Also, users can use trading options like market, limit, or stop-limit to enhance their trading experience on eXFi. 

eXFi has also identified some features found in centralized exchanges and implemented it successfully in its trading platform. Its user interface is sleek and offers trading information such as opening timestamp, expected liquidation price, unrealized profit, and loss, among others. 

Users can access these tools on their trading dashboard and get an unmatched experience in their DeFI trading journey. 

Furthermore, eXFi supports multiple collaterals where users can trade any pair without owning the underlying assets. Therefore a user can deposit MATIC and use it as collateral for ETH/USD trading pairs for margin trading. 

  1. Deposits and withdrawals 

eXFi, as a decentralized derivative platform, follows the ethos of DeFi where you have full control of your private keys. You’re not required to signup for any account, and all you simply do is connect your wallet to the platform. 

eXFi supports several tokens that can be deposited, including USDT,  DAI,USDC, LINK, WBTC, MATIC, and any other erc20 token listed on its trading platform. There are no deposit or withdrawal fees, and the Polygon blockchain infrastructure means gas costs are lower than other Ethereum-based derivative platforms. 

  1. Trading fees 

Trading fees are one of the major factors users look at before using an exchange, and eXFi offers low trading fees. Compared to other decentralized platforms, eXFi charges a taker fee of 0.0600% for market others and a maker fee of 0.019% for limit orders. Here’s the comprehensive list below. 

  1. Trading tokens listed 

eXFi has a selection of trading pairs for trading on its derivative platform. The list consists of popular and trustworthy cryptocurrencies. Tokens listed on eXFi are fully liquid, and you can enjoy a swift and intuitive trading experience. The complete list of trading pairs on eXFi includes. 

  • BTC/USD
  • ETH/USD
  • XRP/USD
  • LTC/USD
  • EOS/USD
  • ADA/USD
  • SOL/USD
  • UNI/USD

6. Security features 

eXFi integrates the latest security systems to ensure that users’ funds are safe and secure. Its smart contracts are regularly audited, and its website has end-t0-end encryption security data coming in and out of the platform. 

As a decentralized exchange, users have full control of their assets and can trade anonymously from anywhere globally. 

Is eXFi s scam? 

eXFi has proven to be a legit platform with no reports of scam transactions. The platform has remained stable during the volatile market and is fully liquid. In addition, the decentralized nature of eXFi ensures that users have control of their private keys with no KYC required. 

Conclusion

We’ve completed an extensive review, and eXFi has proven to be a good exchange with seamless transactions. The user interface is interactive, with tools we found useful in helping our trading experience. 

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