We will discuss about crypto swaps and particularly Atomic Swaps, a new way to do cryto swaps today. So, what is an atomic swap? An atomic swap creates automated, self-enforcing contracts that execute specific actions once predetermined rules are met with fee-free trading. Centralized exchange platforms such as Coinbase Pro, Binance, or Gemini are arguably the financial institutions of the cryptocurrency world. That’s because, without these platforms, most crypto traders and investors would find it difficult to exchange cryptocurrencies. In effect, centralized exchanges have become gatekeepers for cryptocurrency trading.
If you’ve already got a strategy that works, then a cryptocurrency trading robot may be worth considering. Once you’ve programmed your strategy, the bot will get to work, automatically executing trades when the pre-determined criteria are met. There are two benefits to this. Firstly, it will save you serious time. You won’t have to stare at charts all day, looking for opportunities. Trade execution speeds should also be enhanced as no manual inputting will be needed. Secondly, automated software allows you to trade across multiple currencies and assets at a time. That means greater potential profit and all without you having to do any heavy lifting. Having said that, bots aren’t all plain sailing. If you want to avoid losing your profits to computer crashes and unexpected market events then you will still need to monitor your bot to an extent.
Exchange usually levy a lot of fees and charges, especially when you are trying to withdraw your coins back to your wallet. Some exchanges also have pretty questionable fee-structures. The first limitation that atomic swaps face in its current iteration is that three conditions need to be met for two cryptocurrencies to engage in atomic swaps. As of right now, these characteristics are going to greatly limit the number of cryptos that can actually take part in these swaps. However, that’s not the worst part. It will, unfortunately, also limit the number of companies and users that can experiment with them right now. This will increase the time it will take the general masses to get used to this new technology. Read additional details at Crypto Swap.
Changelly is one of the best-known platforms, delivering a fixed-rate mechanism that protects against the risk of market fluctuations when tokens are being swapped. Changelly claims the stability is assured by integrating a small reserve inside the exchange rate when the final quote is given to the user. This month, the platform launched an iOS app as well as a second version of its Android app, making it even easier for users to convert coins on the go. Another good pick is Atomiic.io.
The system is integrated into the largest cryptocurrency trading platforms. There is no deposit storage, only instant coin exchange in our service. So we are able to find the most profitable exchange rate for our users in a very short time. A project created for the convenience of customers. Our users don’t need to create accounts or store deposits in our service. Thanks to this, the users are protected from any kind of financial theft. We provide the best rates possible by comparing a wide range of reliable trading platforms. Visit: https://atomiic.io/.