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xExchange reviews

Average rating of 95% based on 798 reviews.

Founded 3 years ago in 2021.

Use anonymously. No KYC required.

Decentralised exchange.

Reviewed by Yunis
19 March 2023 (Updated 22 June 2024)

xExchange Crypto Platform

MultiverseX is a high-speed blockchain network formerly known as Elrond, which is focused on NFTs and the metaverse. The project has received investment and support from notable figures in the cryptocurrency industry, including Binance Labs and the founder of Binance, Changpeng Zhao, as well as the founder of BitTorrent, Bram Cohen.

In 2021, the team behind the development of MultiverseX established xExchange, a cryptocurrency exchange with an Automated Market Maker (AMM) model that is formerly known as Maiar Exchange. The exchange is headquartered in Malta, which is known for its cryptocurrency-friendly regulatory environment. xExchange offers all basic DEX tools including swap but the number of supported tokens are limited to MultiverseX network only. EGLD and USDC are the only major cryptocurrency that users can swap on the protocol. Other tokens are not well-known tokens and they are native to MultiverseX network only.

The platform offers Metastaking and Metabonding services to users, allowing them to utilize their NFTs and generate revenue by lending or staking them. The platform's utility token, MEX, is used to incentivize liquidity providers, and users with MEX tokens can participate in the platform's governance and cast votes on proposals.

xExchange has a simple and easy-to-navigate user interface, and users can connect to the platform with any web wallet. However, it is worth noting that the platform does not support popular web wallets such as MetaMask, Coinbase wallet, or WalletConnect, and only supports MultiverseX's DeFi and web wallets, as well as Ledger's wallet.

One potential concern for users is the recent exploit of the former Maiar exchange, which was subject to a hack resulting in the theft of $113 million. While the developers of the project were able to recover the funds and have taken measures to improve security, the incident raises questions about the platform's security and decentralization. As with any cryptocurrency exchange or platform, users should be cautious and do their own research before investing or trading.

It's also worth noting that while xExchange's being free of KYC and AML procedures may be convenient for some users, these procedures are in place to prevent illegal activities such as money laundering and terrorist financing. As such, users should always exercise caution and take necessary security measures such as using a strong password, enabling two-factor authentication, and keeping their private keys safe.

Pros

tick $37,693,489 USD currently invested (TVL)
tick Investments in 10 coin pairs available
tick Operating on MultiverseX protocol

Cons

cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users

xExchange Staking Yields

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Columns
  Product Yield Chain Term Yield Yield Trend TVL TVL Trend
BHAT-WEGLD
36.7%*
MEX 26.7% APY
BHAT 10% APY
MultiverseX
Instant Access
36.7%*
MEX 26.7% APY
BHAT 10% APY
$170,200
ZPAY-WEGLD
25.6%*
MEX 24.3% APY
ZPAY 1.34% APY
MultiverseX
Instant Access
25.6%*
MEX 24.3% APY
ZPAY 1.34% APY
$299,393
HTM-WEGLD
14.1%*
MEX 13.4% APY
HTM 0.67% APY
MultiverseX
Instant Access
14.1%*
MEX 13.4% APY
HTM 0.67% APY
$1,488,963
WEGLD-RIDE
13.9%*
MEX 13.2% APY
RIDE 0.75% APY
MultiverseX
Instant Access
13.9%*
MEX 13.2% APY
RIDE 0.75% APY
$1,414,534
WEGLD-MEX
11.3%
MEX 0.03% APY
MultiverseX
Instant Access
11.3%
MEX 0.03% APY
$15,378,431
WEGLD-USDC
11%*
MEX 5.98% APY
USDC 5.09% APY
WEGLD
MultiverseX
Instant Access
11%*
MEX 5.98% APY
USDC 5.09% APY
WEGLD
$5,828,466
UTK-WEGLD
10.8%*
MEX 8.61% APY
UTK 2.2% APY
WEGLD
MultiverseX
Instant Access
10.8%*
MEX 8.61% APY
UTK 2.2% APY
WEGLD
$1,459,109
ASH-WEGLD
9.18%*
MEX 8.66% APY
ASH 0.51% APY
MultiverseX
Instant Access
9.18%*
MEX 8.66% APY
ASH 0.51% APY
$1,040,624
CRT-WEGLD
7.58%*
MEX 7.5% APY
CRT 0.08% APY
MultiverseX
Instant Access
7.58%*
MEX 7.5% APY
CRT 0.08% APY
$1,202,604
ITHEUM-WEGLD
6.43%*
MEX 6.39% APY
ITHEUM 0.04% APY
MultiverseX
Instant Access
6.43%*
MEX 6.39% APY
ITHEUM 0.04% APY
$1,967,636
* Rates are tiered according to deposit size. Hover on rate for further details.
No matching yield products found

xExchange Reviews

Based on a total of 798 reviews across the web for xExchange we gave the platform an overall rating of 95%.

User Reviews
Overall User Rating
95%
796 reviews 796
iphone App
92%
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100%
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Android App
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Trustpilot
80%
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Reddit
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xExchange YouTube Reviews

xExchange Scams, Frauds, Hacks and Blunders

1 Jan 1970

XExchange Supported Currencies

xExchange supports over 4 currencies including MultiversX, xMoney and Wrapped EGLD.

xExchange Languages

xExchange's supports the following languages: English.

xExchange Key Data

Company
Automatic market maker tick Yes
Legal name Elrond Ltd
Year founded 2021
Decentralised tick Yes
Products
Loans cross No
Fiat to crypto exchange cross No
Peer to peer exchange cross No
Margin trading cross No
Chain agnostic cross No
Security
Know your customer cross No
Credit check cross No
Support
24/7 support cross No
Phone support cross No
Chat support cross No
Investment Strategy
Liquidity pools tick Yes
DeFi products tick Yes
Unsecured loans cross No

ALooking at reviews from across the web, xExchange has an average review score of 95% based on 798 reviews.

Useful Links

xExchange Contact Details

https://xexchange.com/

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