John McAfee’s decentralised crypto exchange is ready for launch
Crypto

John McAfee’s decentralised crypto exchange is ready for launch

By Michele Porta - 4 Oct 2019

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The decentralised exchange (DEX) of John McAfee, by now a famous and controversial figure in the crypto world, is ready to make its debut.

According to the Tweet published today by McAfee, the beta phase of the DEX will be released on Monday, October 7th.

Security and anonymity for McAfee’s crypto exchange

John McAfee continues to surprise everyone and after confirming his price prediction for bitcoin (BTC) of $1 million by the end of 2020, he announces his decentralised exchange.

The crypto exchange will be called Mcafeedex and the website is already available, where for the moment only the main features of the exchange are reported.

With this DEX, John McAfee seems to focus on security and anonymity.

In fact, in order to register on this new crypto exchange, no name, no document, no email or any banking information will be required. In short, no KYC (Know Your Customer) procedure is required.

All transaction details will remain anonymous and nothing personal will be recorded in the systems.

John McAfee specifies that there will be no kind of restriction, not even territorial, and that there will be no fee for listing new cryptocurrencies.

Exchange fees

However, the price to be paid for all these features lies in the cost of the fees per transaction which has been set, for the moment, at 0.25%.

Reactions on social networks are mixed and many users are complaining about the high fees per transaction that seem quite costly for a decentralised exchange.

The launch of the DEX coincides exactly with the date on which Coinbase Pro announced that it will change the structure of its fees becoming significantly more expensive compared to the past.

This change, which takes place on one of the largest and most popular cryptocurrency trading platforms in the world, could result in many new users joining John McAfee’s exchange.

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