Bybit has become the latest victim of rampant cryptocurrency hacks, as the exchange has lost $1.5 billion from its Ethereum cold wallet in what has been called the “biggest digital heist ever.”
Perpetrated by the infamous North Korean hacker group – Lazarus Group – this theft from the Dubai-based cryptocurrency platform has shocked the crypto market.
Considering it has happened at a time when the market is volatile and people’s hopes for Bitcoin to ever reach the $100K mark again have started to dim, the best decentralized exchanges and top-rated launchpads are gaining attention again.
Decentralized exchanges let users keep control over their assets, and with launchpads, there is an opportunity to safely invest in emerging cryptocurrency projects. However, at a time when the trust factor has reduced so much, which DEXs and launchpads can make people feel “relatively” safe again?
Best Decentralized Exchanges and Launchpads to Interact Securely with the Cryptocurrency Market
The list below contains a blend of decentralized launchpads and decentralized exchanges that offer a relatively safer way for investors to interact with the crypto market.
Best Wallet
Best Wallet is a self-custodial wallet with many DEX-like facilities with a CEX-like look that makes it easier for investors to buy and sell cryptocurrency. A non-custodial cryptocurrency wallet, Best Wallet offers a way for users to not only store or swap cryptocurrency, but also trade them for fiat or other forms of cryptos.
With its thriving ecosystem on Twitter, which often reveals its updates as well as information about its native token – BEST – Best Wallet is very community-centric. The BEST token is a new presale crypto that gives users access to the enhanced versions of the wallet’s functionalities that include many perks.
Transaction fees for buying or selling crypto are reduced while using the BEST token, and users will also be able to find higher-yield staking opportunities.
The key feature that’s turning heads regarding this ecosystem, however, is the “Token Launchpad.” Counted among one of the best crypto launchpads on the market, Best Wallet’s Token Launchpad allows investors to find crypto ICOs and invest in them even before they are made public.
Security features are also a high priority for this self-custody wallet with crypto trading functionalities. Best Wallet has partnered with FireBlocks to give users a mix of accessibility and protection. FireBlocks ensures that users don’t need to rely on passphrases to gain access to their assets, and ensures that the crypto funds stored on the wallet are insured.
ClayBro, one of the leading crypto YouTubers, has appreciated this platform’s offerings, calling it one of the best decentralized crypto wallets and the hottest crypto launchpad on the market.
Uniswap
Those who are comfortable with the old-school, complex approach of trading crypto would prefer Uniswap. As one of the leading Automated Market Makers, Uniswap is a highly suitable platform to swap Ethereum-based tokens.
Being the world’s leading decentralized exchange, it now provides a simple direct wallet connection, and also offers real-time updates so that people are always updated about the price of a token.
Uniswap also offers unique liquidity provisions, allowing users to earn fees from trades based on the tiers. In the V3 version of Uniswap, there is also concentrated liquidity, along with customized price ranges for LP positions.
With advanced features such as flash swaps, price oracles, gas optimization options, slippage protection, token info and analytics, as well as swap aggregation for best prices, Uniswap is considered the best DEX in the world.
And when it comes to security features, being a DEX means it is subject to multiple security audits through members from the Uniswap DAO as well as third parties.
Enjinstarter
Enjinstarter is a metaverse and gaming-centric blockchain launchpad designed to foster an environment conducive to the development of brands and businesses within Web3. The ecosystem that this launchpad provides is particularly diverse.
The launchpad itself has funded over 50 IDOs so far, and more are listed on the platform even right now. The platform is very transparent about the category of tokens and offers insight into each project it has listed through the “Learn More” section. Upon clicking the section, users will find the target of an ICO, the chain on which the project has been developed, rounds, as well as project details and token metrics.
Vesting details of the project, if the project does have any, are also highlighted on the platform. Interacting with these ICOs, however, requires buying the EJS token. EJS tokens can be bought using Uniswap, PancakeSwap, MEXC, or Gate.io.
Enjinstarter has put standard security systems in place to keep users’ details protected. The smart contract has been audited by cybersecurity firm Hacken, and there is a Launchpad Protection Protocol in place to offer protection to those interested in early moving projects.
Regulatory security reviews are done to assess the information collection, storage and processing practices, and with access controls in place, the developers have also ensured that people within their organization will only have access on a “need-to-know” basis.
TrustSwap
TrustSwap is another option to choose when it comes to the best decentralized launchpads. It has over $6.5 billion in peak value locked so far and over 30K projects use it to date. Offering DeFi tools to token holders and businesses, TrustSwap is a blend of a DEX and a launchpad to buy, create, trade and secure assets.
The diverse DeFi ecosystem of TrustSwap has been defined by four core functionalities. For TrustSwap token holders, the platform offers early access to DeFi startups as well as the ability to earn passive income through staking.
Businesses on the platform will be able to create “pre-audited tokens” for free. Features like locking liquidity and vesting tokens are also provided. With White-glove turnkey solutions, users can create NFT-driven projects, and through the TrustSwap cryptocurrency application, users will stay abreast of the latest trends happening within the cryptocurrency market.
The TrustSwap launchpad has launched over 79 projects to date, raising over $100 million. TrustSwap is also transparent about the performance of the crypto launches that have happened through it. In the launchpad section, users can check out its top 50 launchpads and assess how much the token has grown since launch.
Conclusion
As the wound of the Bybit hack is still fresh and industry leaders have been asking how it could have been prevented, investors wanting to check out the crypto market cannot take unnecessary risks. Therefore, people should consider exploring the options given in this article.
Best Wallet is the best overall option, while old-school investors should consider Uniswap. Enjinstarter and TrustSwap are also suitable picks for security-conscious investors who are willing to take full control of their own assets.
