DexGuru Review: Is it legit, safe and trustworthy for UAE citizens and residents?
When it comes to buying, selling, and investing in cryptocurrencies, choosing
the appropriate exchange might make all the difference in the world. DexGuru is
a permissionless and decentralized exchange that intends to assist users in
analyzing real-time data for all on-chain marketplaces via the use of a singular
user interface that is completely integrated. This decentralized exchange (DEX)
offers hundreds of tokens that are based on Ethereum in addition to other
blockchains. It also contains features like sophisticated analytics, liquidity
charts, and more. Visit DexGuru Website.
You may evaluate permissionless, real-time data for every on-chain market with the aid of DexGuru, a decentralized exchange (DEX), which combines comprehensive analytics and research tools with powerful trade execution capabilities. This is all done through a user interface that is completely integrated. Although the platform only offers spot trading at the moment, it has an attractive design, combines numerous blockchains, and is not restricted to Ethereum alone. DexGuru is also a completely non-custodial platform, which means that you have full control over the assets stored in your wallet at all times.
Tweets by dexguru
The trading interface that DexGuru provides is fantastic, but owing to the large quantity of data and windows that it incorporates, it may first be difficult to use. However, you may quickly switch between four alternative window layouts to add or remove the trade volume and liquidity sections, or go to a full-screen chart that is powered by TradingView. You also have the option to switch between four other window layouts (always a plus). You may also enable push alerts in 'Settings' if you want to keep up-to-date on price fluctuations for tokens in your 'Favorites' list. Additionally, you can read in-depth information about on-chain transactions if you click to enlarge the trade volume sidebar.
The interface of DexGuru is quite comparable to that of dydX and Exmo, although it is unquestionably more aesthetically pleasing. The order panel on DexGuru is located front and center and has a very elegant design; nevertheless, it only allows market orders, which is a significant disadvantage in comparison to dydX and Exmo. However, the fact that they have a large number of assets listed is one of the primary benefits of using their platform. DexGuru supports hundreds of Ethereum-based tokens, similar to the majority of decentralized exchanges (DEXes), but they also support a wide range of other blockchains, such as Binance and Avalanche. This means that major coins such as SOL and ADA (via the BSC), LUNA, and countless other coins and tokens that are not typically found on Ethereum-based platforms are supported. This is a significant benefit in comparison to the vast majority of DEXes, including the most used ones such as Uniswap and 1inch.
You can expand the liquidity sidebar on the left side of the main page to investigate mints (additions) and burns (removals) to market pools if you want to learn more about the activity of liquidity pools so that it can help you with your trading. This sidebar is located on the left side of the main page. In addition to that, you'll be able to view liquidity charts and investigate the most liquid pair combinations. Although DexGuru does not allow its users to participate in liquidity pools, the information that it provides is nonetheless helpful and is presented in an orderly fashion.
Do your own research is denoted by the acronym DYOR, which is located at the very top of the main page next to an icon that looks like a mushroom. You will be able to access comprehensive transaction details, statistics, and metrics for each token, all of which are obtained from the data stored on the chain, under this page. The page can be a little intimidating, but it is a fantastic resource if you want to see and follow transactions. Additionally, it is a simple method to access basic facts about tokens, such as the market cap and the circulating quantity.
Because DexGuru uses a variable fee system, the amount that you are charged for its services will vary depending on the asset and the current market circumstances. Some costs can be fair at approximately 0.25 percent, which is lower than the flat 0.3 percent that DEXes like Uniswap or SushiSwap give, but many fees will extend as high as several percent. Some fees can be as low as 0.25 percent. If you choose to trade assets from certain chains like BSC, fees can be extraordinarily minimal, such as 0.04 percent, but even some BSC assets can have extremely high fees, so it really depends on what it is that you're trading in the first place. There is a strong possibility that what you prefer to trade has acceptable costs, so don't write it off before verifying each one. Open-ended charge structures like this one aren't normally that attractive, unless you exclusively trade the select assets with cheap fees.
When you visit DexGuru for the very first time, you will be presented with a highly informative and useful tutorial of the site. It is more of an overview of where everything is located as well as helpful tactics such as how to add favorites rather than a complete explanation of their services; yet, it is highly beneficial for newcomers as well as anybody who wants to become comfortable with the user interface.
If you scroll all the way down to the very bottom of the main page, you will see an option labeled "Docs." Clicking on this tab will lead you to what appears to be DexGuru's assistance center. It is extremely well structured, and it provides adequate information to assist you in comprehending the platform and the capabilities it possesses. Additionally, it does a wonderful job of integrating photos and visuals to guarantee that each section is understood well. If you are unsure about how to do something, I strongly suggest looking at this incredible how-to guide; it will clear everything up for you.
In keeping with the norm for DeFi platforms these days, the DexGuru website also features a blog and a discord server. The blog has a highly polished appearance, however it is not very durable. It doesn't include that much information, but the information that it does include is laid out and organized quite well, so it's worth checking every once in a while to stay up to date on new features or additions to the platform. Despite the fact that it doesn't include that much information, the information that it does include is laid out and organized quite well.
Regarding their Discord, it is rather well-developed with hundreds of users and is definitely worth joining if you have any queries, if you want to exchange feedback, or if you simply feel like joining other traders who are using the platform in the same capacity as you.
Although DexGuru has an excellent trading interface and a huge number of assets, including many that are not listed on the majority of other DeFi exchanges due to their inclusion of other chains like BSC, the fact that they have nothing beyond market orders and a fee structure that is very inconsistent is very troubling for active traders. They don't provide any other services outside spot trading, which makes it a very difficult product to market, especially considering that their spot trading isn't all that superior to other available options. The system has a beautiful design and is simple to operate, but it can only do a few functions, and it can't perform any of them to the point where it would be beneficial to give up any of the platform's optional features. Having said that, DexGuru does a great job of integrating analytics into the platform in a way that is both seamless and effective. Although their analytics are not quite on par with those of Bancor or Curve Finance, they are noticeably better than those of most DeFi platforms and are unquestionably a differentiating factor. In conclusion, I believe that it is worthwhile to check out DexGuru if you are in the market for a DEX and you focus solely on spot trading because there is a short list of really good trader-focused decentralized options. However, if you focus on derivatives instead of spot trading, you would probably be better served by 1inch or switching to a derivatives-focused DEX like dydX instead. It is not my intention to imply that DexGuru is not a decent platform; nevertheless, given that it is obviously designed with traders in mind and does not have some trading features that are desirable, I would not put it at the top of your list.
On this section, we are going to go over all of the essential details that set Dex Guru apart from its rivals in the market. In this section, we are going to take a more in-depth look at its most important aspects and provide answers to the most often asked questions that individuals have when determining whether or not Dex Guru is ideal for their requirements.
The non-custodial cryptocurrency trading and research tool known as Dex Guru was developed with today's traders in mind. It combines features for trading as well as blockchain analytics. This translates to the fact that you are able to trade, analyze, and keep track of a variety of cryptocurrencies while using the same platform.
You may use a wide variety of indicators to do an in-depth analysis and comparison of the price movements of various cryptocurrencies. Everything that a contemporary stockbroker would have on his or her dashboard is available on Dex Guru as well.
The creators of the Dex Guru platform did an excellent job, as their product is very user-friendly and provides an outstanding user experience along with a wonderful user interface.
If you're a skilled trader, you're going to really adore their cutting-edge real-time graphs that also include historical data. On top of that, you may utilize rulers, draw trend lines, and essentially do everything else that is possible with expert stock market analysis tools.
The only thing that Dex Guru is lacking, however, is application analysis for CeFi and DeFi. We can only hope that they will include this into the platform shortly.
Even though the default view of Dex Guru seems to be overloaded with a lot of valuable information, if you look at some of its immediate rivals, you'll discover that Dex Guru's interface is about as user-friendly as it gets. This is the case even if Dex Guru offers a lot of information.
However, it is not feasible to make more enhancements to the intuitiveness of the interface because doing so will dumb down the information, resulting in an experience that is worse for the users.
The getting started tutorial provided by Dex Guru is an excellent method to begin learning about the platform and the many functionalities it possesses, regardless of whether or not you have any past experience trading cryptocurrencies.
The on-chain information available on the Dex Guru trading platform is extensive. We are not discussing anything theoretical at this time; rather, we will be discussing information that can be relied upon, which comes to you nearly instantly and is displayed directly on your screen.
Even individuals who have never used a computer before won't need an excessive amount of time to fully acclimate to the volume of information that is readily available and the procedures involved in engaging with smart contracts on public chains. Traders with experience will value each and every piece of it and will make every effort to find out how to derive the greatest benefit from all of that data.
Trades are rushing the gates as a result of their recognition of the superior features offered by Dex Guru. The popularity of Dex Guru is continuously on the rise and continues to do so month after month. We haven't achieved exponential figures just yet, but it wouldn't surprise me if we did before the end of the year. I wouldn't be shocked.
At this time, Dex Guru is compatible with the majority of the most popular wallets, but not all of them. These are the following:
Trezor & Ledger (both via MetaMask)
Connect Your MetaMask Wallet (which includes all wallets supported by WalletConnect such as the crypto.com Defi wallet)
Many sites for trading cryptocurrencies do not provide a diverse range of wallet alternatives. The great majority of popular wallets are supported by Dex Guru, especially thanks to WalletConnect, which allows you to include other wallets into your setup.
You may use Dex Guru for analysis even if you haven't connected your wallet, but if you do so, you won't have access to a number of functions that are only available if you do link your wallet, such as the following:
Direct purchasing and selling of tokens through the platform
Notifications and alerts about prices
Adding items to your list of favorites that include tokens
Dex Guru is a platform that does not engage in custodial activity. This ensures that you retain complete command over your cryptocurrency holdings at all times.
It operates in the same manner as the vast majority of other decentralized programs, and the only information Dex Guru can access about your wallet is the balance and activity data, which it utilizes to display your transactions.
This results in Dex Guru having an extremely high level of safety. Even if their platform were to be hacked in some way, the security of their users would not be compromised because the hackers would be unable to take the balances of users of Dex Guru.
There are no expenses associated with utilizing Dex Guru, with the exception of the gas fees that are charged during trading, which you are unable to avoid in any case.
In point of fact, Dex Guru is entirely supported by monetary donations and maybe business sponsorships. Users of the Dex Guru platform are not required to pay any kind of fees in order to make use of it.
To put it simply, there are no costs associated with using the platform, and anybody is free to do research, keep track of, evaluate, and trade cryptocurrency on it.
In conclusion, Dex Guru is an excellent site for both novice and experienced cryptocurrency traders who are interested in comparing and tracking various cryptocurrencies in real-time, as well as drawing their own conclusions based on the historical data available for those cryptocurrencies.
Because they use a non-custodial platform that is extremely safe, there is no possibility of having your wallet balance stolen or otherwise compromised on their platform. In addition to this, one of the finest aspects of Dex Guru is that it is entirely supported by contributions and does not charge its users any money in any way. When you trade cryptocurrencies on their platform, you won't have any of your balance eaten away by transaction costs.
What exactly is the Dex Guru? Dex Guru is an all-inclusive and user-friendly trading terminal for the DeFi cryptocurrency. It has on-chain statistics in addition to basic token swapping capabilities. It grants access to a vast amount of information pertaining to a variety of protocols, some of which include Polygon, Avalanche, Ethereum, BSC, Fantom, Arbitrum, CELO, and Optimism.
How can I make a purchase on Dex Guru?
The following is an in-depth walkthrough of the many stages involved in making a purchase on Dex Guru:
Visit the Dex Guru website, connect your wallet, and check to see that it is utilizing the appropriate network (visible in the top right corner of the page).
You will need to go to the Market Selector section and decide the token you want to acquire before proceeding.
Pick the digital asset that you'd want to utilize in order to purchase the token that was selected before.
Enter the number of assets that are going to be taken out of your wallet in the space provided. The value of the tokens that you will get as a result of the trade will be determined mechanically.
You will be required to go through the token approval procedure if this is the very first transaction you've ever completed.
When you have finished doing that, you will see a popup that asks you to confirm the token exchange. This will happen when the transaction has been approved. To finish off the procedure, all you have to do is click the confirm button, and you'll be ready to go.
Is Dex Guru legit? There is no doubt that Dex Guru is a trustworthy website. It provides a multitude of functions that, in essence, make it possible for you to locate and better understand markets, watch other players, and trade with additional information that your competitors may not possess.
Is It Risk-Free to Trade on Dex Guru? Indeed, it is the case! Is it the most advanced platform currently available? No, not at all... or at least not at this time. However, taking into account the considerable adjustments that they have implemented since the launch of the public beta, we are confident in asserting that the platform is headed in the correct direction.
It's possible that it's not the finest DeFi trading platform out there, but if it isn't, it's not even close to being the best one! The trend is now positive, though, so it's possible that within a few months we'll be able to answer this question with an unequivocal yes.
Does Dex Guru Have An API? Yes, an API is available through Dex Guru.
How Do I Begin Utilizing The Dex Guru API? You are going to require the API Key in order to begin utilizing the DexGuru API. Simply go to developers.dex.guru, where you will then be prompted to link your web3 wallet before you can start a project.
After you have finished doing that, all you need to do is copy your API key into that section, and you will immediately begin getting useful trade data. Here, we're talking about data that can be trusted to be stored on the chain; data that comes from a variety of EVM-compatible networks and should be of assistance to your cause.
The DexGuru Interface grants users access to decentralized protocols on the
Ethereum, BSC, Polygon, Avalanche, Fantom, and Arbitrum blockchains. These
protocols enable users to carry out a variety of operations involving digital
assets. Within the trading history section of our website, you will see a flow
of real-time transactions. If we have sufficient information about the wallet
that a trader utilized, we will append an icon to the transaction that indicates
the sort of trader that conducted the transaction. When you have successfully
connected your web3 wallet, you will have the ability to trade one
cryptocurrency for another immediately from the Trading Section of the DexGuru
interface. Remember that if you purchase or sell cryptocurrency using our
interface, you are interacting with smart contracts that are hosted on public
chains like as Ethereum or BSC. This is something to keep in mind. Because we do
not have control over your transactions, we are unable to halt a transaction or
make an effort to undo a transaction once it has already been completed. You
alone are solely accountable for the results of any and all transactions.
DexGuru is a trading terminal that was developed specifically for end users of DeFi. The project will use on-chain analytics information obtained from protocols on several EVM blockchains as a reference to aid traders in making decisions that are less challenging in real time.
The objective of DexGuru is to turn into a terminal that is relied on by quite a few traders, comparable to Bloomberg Terminal. Bloomberg Terminal was the device that was used by Warren Buffet, who was the richest man in the world at one time, to transact and receive his information. The strategy, on the other hand, will be to establish oneself as a dedicated terminal catering to the DeFi market place on any chain.
You merely need to give the impression that you are familiar with how to utilize DexGuru for almost all of its functions. Or, if you have doubts, you can look carefully through the paperwork to examine, but I find the information and facts to be really intuitive. It also has a clear distinction, and the consumer practical experience (UI / UX) is designed for less difficult consumer manipulation.
Tweets by CoinMarketCap
Tweets by CoinDesk
Tweets by FXStreetNews
You may very quickly include or remove some liquidity pairings on chains or that are important to the token that you have chosen using the information monitoring dashboard, which is the clearest instance that is acceptable. In addition, several indications of trade volume are shown by wonderfully colorful chickens, sharks, and whales respectively.
Not only that, but the information and data are also ordered in such a manner as to not distract too significantly but yet offer completeness. This is in addition to the aforementioned point. The information and data on the purchase and sale wall buy guide, as well as the liquidity pools in the various pools, are up to date in real time so that traders may make the most timely investment decisions possible.
It is particularly hard to move to a different platform for trading given that the information on DexGuru is offered in genuine time and the cryptocurrency market is quite unpredictable. As a result, DexGuru is aware of this circumstance, which is why it provides assistance for token trading that is predicated mostly on the pairs that are searched for and directly on the platform itself.
This is done so that time may be saved and transactions can be completed in a timely manner with merely the buying and selling of tokens on well-known decentralized exchanges (DEXs), as well as strong liquidity across chains.
Because the data on these websites will consider the average value of tokens traded on controlled exchanges (CEXs) like Binance, even if the price is not liquid at the time of the transaction,
Therefore, if the tokens you invest in are not listed on CEX exchanges or the selling price ratio of the tokens you want to invest in in different pools due to the huge variation, it is entirely possible to depend on the instantaneous information on DexGuru to make much more precise investments or choices of trading with up to date information ranging from ten to eighteen seconds. DexGuru's information is updated every ten to eighteen seconds.
There are a few important things to take away from the fact that the DexGuru venture's primary objective is to provide excellent products. Therefore, when end customers come to the realization that the venture experience is of high quality, they will construct GURU tokens in order to direct the whole product.
In order to deliver decentralization and additional benefits to GURU token holders and venture administrators, one aspect of the token implementation will be the gradual transfer of governance and treasury management to the local community. This will take place over the course of the token implementation.
The first end customers to join DexGuru will be eligible to get the Mint Guru Season Pass NFT when it becomes available. It will make it possible for them to take part in governance mining all the way through the DAO launch phase (at the launch of the token). After that point, the DAO will decide when and how to issue GURU tokens, and there is a mechanism in place that outlines how early governance participants should be rewarded for their participation.
DexGuru The official roadmaps have not but been announced, but once we have received the second investment for the strategic partnership round, we will expand to other blockchains in addition to the currently supported EVM chain. These blockchains include Ethereum, Polygon, Arbitrum, BNBChain (formerly BSC), Optimism, Fantom, Avalanche, and Celo. The official roadmaps have not yet been announced.
At the moment, the majority of the information that DexGuru provides is on-chain and pertains to decentralized exchanges or spot market place tokens.
Not content to stop there, the second round of investment, which might reach up to five million dollars, will help DexGuru in further broadening the indexing of all market information and data in order to provide information on areas this kind of as the following:
OHM-design bond markets.
Synthesizers of the future and the everlasting.
What this means is that the project intends to provide a condensed, genuine-time perspective of the whole market place and its important stakeholders, however also making it possible for web3 traders to very effortlessly follow to reside streams and the course of all assets.
Group for the project, business partners, and customers
Nick Sawinyh, the Chief Executive Officer and Founder of DexGuru, is an essential figure in this enterprise. He had previously established defiprime.com, and he has spent the majority of his time over the past four decades developing customer crypto products.
At the moment, I am aware that Evgeny Vakhteev, who delivered a speech at the event that was held for ETHDenver 2022, is an additional member of the DexGuru building group.
In addition, the project indicated in January 2022 that a significant increase in the number of Heads of the Development Department and Heads of the Communication Department was required to be recruited.
During the initial financing round, also known as the seed round, which took place in April 2021, DexGuru raised one million dollars to develop the Webthree trading platform under the leadership of ParaFi Capital.
In addition, assistance was provided by Lemniscap, The LAO, Divergence Ventures, and BitScale. In addition, angelic strategic traders Loi Luu, Evgeny Yurtaev (Zerion), Julien Bouteloup, and Calvin Chu, all of whom are affiliated with Kyber, took part in this particular round.
In February 2022, DexGuru was successful in raising $5,000,000 in funding, which it used to develop and expand its on-chain transaction monitoring efforts to include all existing chains, as well as to improve accuracy.
Impossible Finance, Houbi Ventures, Wintermute, Shima Capital, and a number of other traders participated in this round of trading with DexGuru. A number of angel investors, including the following, took part in this round of investing:
Tracheopteryx, described and named by Yearn and Coordinape.
Do Kwon, of the Terran Realm.
Sandeep Nailwal, from the publication Polygon.
Suhail Gangji by Zapper.
At the moment, DexGuru has quite a few partners at the level of individual projects in addition to significant decentralized exchanges on blockchain that are supported by the venture. Some examples of these exchanges include Ethereum, BNB Chain, Polygon, Avalanche, Celo, Fantom, Optimism, and Arbitrum.
An analysis of the DexGuru business, namely, the question of whether or not I should invest in the GURU token. The DexGuru endeavor is a DEX effort that will have a somewhat experienced interface and will have the long-term goal of creating a DEX and Web three. Because the token has not yet been published and the exchange is still in the process of rapidly expanding, you have the opportunity to take advantage of the situation and earn retroactive airdrops. However, before making any decisions regarding investments, you should still pay attention to the Defi risk.
As a result of reading this piece, you should now have a good understanding of the fundamental details and information on the business so that you can make decisions regarding your financial investments. Coinlive is in no way responsible for any of the financial decisions you make. I want this potential new market to be successful for you, and I want you to make a lot of money from it.
Sites like DexGuru in the UAE
Here is a list of quality Forex, CFD, Stock and Crypto Brokers for new and professional traders living in the UAE:
- Olymp Trade - People simply love this one (Olymp Trade Review)
- Binance - World's largest cryptocurrency e-wallet and exchange that also has an online trading platform, where their members can invest or trade in virtually hundreds of cryptocurrencies and new tokens. (Binance Review)
- IG Markets UAE - UK broker located at Tower 2, Level 27, Al Fattan Currency House, DIFC. (IG Markets UAE Review)
- City Index Middle East - London-city broker with a branch in the UAE. (City Index Middle East Review)
- eToro - Social trading platform, but much better options are available out there. (eToro Review)
- IQ Option - It's a below-average broker with no Dubai office, but does have a toll-free virtual number for UAE: 800 032 0891 -> No Arabic, English only. (IQ Option Review)
Reviewed by Arpita Singh
Arpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.