Threenvest > Decentralized exchange reviews

DeversiFi Review 2024

Our veredict

DeversiFi, recently rebranded as Rhino.fi, is a decentralized exchange that offers unique features designed to bridge the gap between decentralized and centralized exchanges. By leveraging StarkWare’s Layer-2 scaling solution, it provides high-speed, low-cost transactions with the added security of a decentralized platform. DeversiFi excels in liquidity by combining both centralized and self-custodial sources, ensuring traders can capitalize on the best prices with minimal slippage.

However, there are limitations to consider. DeversiFi does not accept fiat deposits, which can be a barrier for new crypto investors. The fee structure, although competitive, includes both maker and taker fees that are slightly above average for decentralized exchanges. Overall, DeversiFi is highly recommended for experienced traders seeking a decentralized platform with centralized-like liquidity and low transaction costs.

Pros

High-Speed Transactions DeversiFi utilizes advanced Layer-2 scaling technology, enabling rapid transaction processing which is crucial for traders looking to capitalize on market opportunities swiftly.
Privacy-by-Default Trading DeversiFi handles transaction data off-chain, protecting users' trading strategies and personal information from being exposed to the public.
Low-Cost Trading Fees The platform offers competitive trading fees, with rates as low as 0% to 0.2%, making it an economical choice for frequent traders.

Cons

3,5

Threenvest Score

Network

Ethereum

Fees

0.20%

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Why choose DeversiFi?

DeversiFi offers a compelling mix of advanced technology, user-friendly features, and robust security, making it an excellent choice for cryptocurrency traders. One of its most significant advantages is the use of StarkWare’s Layer-2 scaling solution, which ensures high-speed transactions and significantly reduced costs. This means traders can execute transactions quickly without the high gas fees typically associated with Ethereum-based trades. Moreover, the integration of zkSTARKs technology enhances security and privacy, protecting users’ trading strategies and personal data.

Another strong point of DeversiFi is its deep liquidity. By combining liquidity from both centralized and decentralized sources, the platform ensures that traders can always access optimal prices with minimal slippage. This hybrid model is particularly beneficial for high-frequency traders and those engaging in arbitrage, as it guarantees reliable and predictable withdrawal times, which is crucial for executing complex trading strategies efficiently.

Furthermore, DeversiFi’s fee structure is highly competitive, offering low trading fees that range from 0% to 0.2%. This, combined with the absence of hidden charges and the ability to trade without having to go through burdensome KYC procedures, makes it a highly attractive platform for both new and experienced traders. The platform’s commitment to user privacy, efficient transaction processing, and robust security measures positions it as a leading choice for anyone looking to trade cryptocurrencies in a secure and cost-effective environment.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert from our site, I highly recommend DeversiFi for its unique blend of speed, security, and low fees. Leveraging StarkWare’s Layer-2 technology, it provides rapid transactions and deep liquidity, essential for effective trading strategies. The platform’s commitment to user privacy and minimal transaction costs makes it a standout choice for both novice and experienced traders. Whether you’re looking to execute complex trades or just starting, DeversiFi’s robust infrastructure and competitive fee structure ensure a seamless trading experience.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.