Power Trade Guides and FAQ
  • Power Trade Guides and FAQ
  • How to use PowerTrade
    • Getting Started
      • What is PowerTrade?
      • Signing up for a New Account
      • Verify the account
    • Login
      • Signing In to Your Account
      • Common Login Issues
    • Email Issues
      • Not Receiving Emails
    • Subaccounts
      • Subaccounts Overview
      • Web, Creating / Managing Subaccounts
      • Web, Funding Subaccounts
      • Mobile, Creating / Managing Subaccounts
      • Mobile, Funding Subaccounts
    • Deposits
      • Depositing on Web
      • Depositing on Mobile
      • My Deposit is Delayed
    • Withdrawals
      • Withdrawing on Web
    • Account Verification
      • Account Verification Status / Limits
      • Proof of Identity (Requirements)
      • Proof of Address (Requirements)
      • Updating Your Address
    • Corporate Accounts
      • Institutional Account Verification
    • Fees
      • Trading Fees
      • Withdrawal Fees and Minimum
      • Cryptocurrency Recovery Fee
  • API
    • API Overview
    • Authentication
  • Trading
    • Options
      • Options Introduction
      • Options Contract Specifications
    • Futures
      • Futures Introduction
    • Margin & Liquidation
      • Account Health & Liquidation
      • Portfolio Margin
      • Margin Methodology
    • Perpetuals
      • Perpetuals Introduction
      • Perpetuals Contract Specifications
      • Full perpetual documentation
    • Spot
      • Spot Trading
  • Insurance Fund
    • Insurance Fund Specifications
  • PTF Token
    • PowerTrade Fuel Token (PTF)
    • Token Specifications
      • Token Burn Mechanics
      • Trading Reward Programme
      • Liquidity Providers Reward Programme
    • PTF Token Litepaper
  • Legal
    • Legal and Privacy Policies
      • Terms of Service
      • Privacy Policy
      • API License Agreement
      • Cookie Policy
    • Country Availability
      • List of Prohibited Countries
    • Risk Disclosure
      • Risk Disclosure Statement
    • Security
      • Security Policy
  • PowerDEX
    • What is PowerDEX
      • PowerDEX FAQ
      • PowerDEX Multi-Signature Wallet
    • Using PowerDEX
      • Sign in to PowerDEX
      • Setting up your Account
      • Making a Deposit
      • Settling your Account Balance
      • Making a Withdrawal
      • Safe Mode
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  1. PowerDEX

What is PowerDEX

PreviousSecurity PolicyNextPowerDEX FAQ

Last updated 1 year ago

We built to keep all trader's assets safe throughout the trading cycle - transparently, securely, and in a decentralized manner. Here’s how it works:

  • Your assets are stored in a segregated wallet created by you on the blockchain.

  • Your funds are kept separate from others and visible on-chain at all times.

  • We utilize (Multi-Sig) from the open-source community. Multi-Sigs are a well-understood and reliable way to keep your digital assets safe.

What does a trading session on PowerDEX look like?

  • Anonymous Sign-Up: Sign up without an email or phone number using Ethereum's standard Authentication

  • Create a Multi-Sig Wallet: After your first sign-up, set up your Multi-Sig Wallet. This is where your funds will be stored.

  • Deposit Funds: Send ETH or ERC20 tokens to your Multi-Sig and they will be made available for trading on PowerDEX instantly.

  • First Class trading experience: You can now use all of PowerDEX's tools: REST and FIX API trading, RFQ, high-frequency trading, no blockchain fees, the largest altcoin option selection in the industry, and more.

  • Easy Settlement: Done Trading? Settle your balances on-chain with one click. Worried about gas fees? Settlement fees are on us.

  • Withdraw Anytime: You can take out your money whenever you wish. The funds will come directly from your multi-sig, so make sure you have settled your balances beforehand. As a beta phase bonus, withdrawal fees are also on us!

We built PowerDEX to give you the best of both worlds: CEX ease and DEX freedom. For more details on PowerDEX, check out the FAQ. If you need assistance, please get in touch.

PowerDEX
Multi Signature wallet technology
"Sign In with Ethereum"