What Does Non-Custodial Mean?

Non-custodial trading means you maintain full control of your assets at all times. Unlike centralized exchanges that hold your funds, Novex never takes custody of your cryptocurrency.

How It Works

• Connect your existing Web3 wallet (MetaMask, WalletConnect, etc.)
• Trade directly from your wallet without depositing funds
• All transactions require your explicit approval
• You maintain control of private keys at all times

Optimized Blockchain Infrastructure

Our platform is built on optimized layer-2 solutions that provide near-instant trade execution with minimal gas fees.

Execution Speed

• Average trade confirmation: 2-5 seconds
• Real-time price feeds from multiple oracles
• Advanced mempool management for priority processing
• Automatic gas optimization

Minimal Slippage

Our deep liquidity pools ensure you get the best prices with minimal slippage, even for large trades.

Liquidity Sources

• Professional market makers
• Institutional liquidity providers
• Cross-chain liquidity aggregation
• Automated market makers (AMMs)

What is a Crypto Wallet?

A cryptocurrency wallet is a digital tool that allows you to store, send, and receive cryptocurrencies. Unlike a physical wallet, it doesn’t actually “store” your coins but rather manages your private keys.

Types of Wallets

• Hot Wallets: Connected to the internet (MetaMask, Trust Wallet)
• Cold Wallets: Offline storage (Ledger, Trezor)
• Hardware Wallets: Physical devices for maximum security
• Paper Wallets: Physical printouts of private keys

Getting Your First Wallet

We recommend starting with MetaMask for browser use or Trust Wallet for mobile. Always:

• Download from official sources only
• Write down your seed phrase and store it securely
• Never share your private keys or seed phrase with anyone
• Start with small amounts as you learn

Decentralized Finance Explained

DeFi stands for Decentralized Finance – a global financial system built on blockchain technology that operates without central intermediaries like banks or brokers.

Key Differences from Traditional Finance

• Permissionless: Anyone can access DeFi services
• Transparent: All transactions are publicly verifiable
• Non-custodial: You control your assets
• Global: Accessible anywhere with internet

What is Novex?

Novex is a decentralized exchange (DEX) that allows users to trade perpetual futures contracts without intermediaries. It operates on blockchain technology, enabling trustless and transparent trading.

What Does Decentralized Mean?

Decentralization means that no single entity has control over the network. Instead, the network is maintained by a distributed network of computers (nodes) that follow a consensus protocol.

Essential Security Practices

Protecting your crypto assets requires vigilance and following best practices:

• Secure Your Seed Phrase: Never store it digitally. Write it down and keep it in a secure location.
• Use Hardware Wallets: For significant amounts, use hardware wallets like Ledger or Trezor.
• Verify URLs: Always check website URLs to avoid phishing sites.
• Enable 2FA: Use two-factor authentication where available.
• Be Wary of DMs: Scammers often contact users directly. Never share private information.
• Test Small Amounts: When trying new platforms, start with small transactions.

Common Scams to Avoid

• Phishing Sites: Fake websites that mimic legitimate platforms
• Fake Support: Impersonators claiming to be customer support
• Giveaway Scams: Promises of free crypto in exchange for a small payment
• Fake Token Airdrops: Tokens that appear in your wallet unexpectedly

Information Collection

Novex Finance respects your privacy and is committed to protecting your personal data. As a decentralized platform, we minimize data collection to only what is necessary for platform functionality.

Data We Collect

• Public wallet addresses for transaction processing
• On-chain transaction data (publicly available on the blockchain)
• Anonymous usage statistics to improve our services

Acceptance of Terms

By accessing and using Novex Finance, you acknowledge that you have read, understood, and agree to be bound by these Terms of Service.

Eligibility

You must be of legal age in your jurisdiction to use our services and not be restricted from participating in decentralized finance activities.

Getting Started

Welcome to Novex Finance documentation. This guide will help you understand how to use our perpetual trading platform.

Connecting Your Wallet

To begin trading, you’ll need to connect a compatible Web3 wallet such as MetaMask, WalletConnect, or CoinBase Wallet.