When I think about cryptocurrency, I think privacy, I think autonomy, I think decentralization and having complete control of the what, where and who your assets go to. There has been a significant rise in the number of trade/exchange platforms and despite their numerous benefits, they come with an accompanying risk; the risk of sudden shut down in operation. Typical cryptocurrency trading platforms require users to create a digital wallet to store their tokens, unforeseen occurrences like what was reported to happen to Koinex, an indian crypto currency in this article is the reason why a crypto exchange platform like Airswap is very important.
Airswap is a peer to peer cryptocurrency trade and exchange platform. This trading platform addresses two major challenges faced by users who trade on typical centralized trading platforms
- Trade without restriction or over dependency on a platform
- Trade without the accompanying transaction fees from using exchange platforms.
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Airswap is built on the Ethereum blockchain and one could say it is virtually free, the platform runs on the normal network fee charged for ERC20 type of exchange.
How To Use Airswap
Unlike typical exchanges where you have to create an account, you don't need to create any particular wallet or undergo those tedious KYC registrations, all you need to do is connect your wallet where your tokens are.
I thought I'd give it a whirl. The first step is to visit the instant exchange portal here and you will meet the page below
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In this portal you can make a secure connection between your ERC20 wallet and Airswap peer to peer cryptocurrency trading platform. I use metamask and it is totally easy.
click on "Connect Wallet" to initiate the connection process.
In the box that pops up, you can select your wallet type from the ones mentioned there
screenshotI use metamask like I mentioned earlier, so when I selected it from the list, the extension notified me and I granted access
screenshotAfter the you believe you have established connection, you can confirm through the menu at the top right of the screen.
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You will see your wallet address in the menu and a bunch of other links in the menu. You can get support if you have any questions about using the platform. The users satisfaction is of high priority so you can use the "Request Feature" link and be redirected to a page where you can make suggestions as to something you reckon will be good for the platform.
To the left of the menu option is the link for "notification". You will be alerted when there's any activity related to your wallet. The next item is the"Trades" link that shows you all your recent and past trading activities with your wallet while the tokens part is for making quick exchange.
Comparison Tool
The DexIndex tool was designed by Airswap to help users make the right trading decisions.
DexIndex is an open source tool that searches Ethereum decentralized exchanges (DEXs) for the best prices and liquidity, all in one view.
You can use this cool tool by visiting this link
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OTC trade
Another cool feature about using Airswap is the Over The Counter trade feature. It gives you that very natural feeling of exchanging goods/service in a typical market place. There's a public chat where people within the community interact with each other. There is also the private end to end feature where you can negotiate with other traders in the community.
Airswap cryptocurrency exchange platform is not only an exchange platform but can be seen as a trading community built on Ethereum blockchain. Its seamless interaction with the blockchain ensures that transactions are fast, cheaper, with a user interface that is easy on the eye and gives you the decentralized experience in trading like never before. Developers can contribute to this program through creation of customised applications or include a few lines of codes to their website, you can read all about that and get the code here and here's a tutorial to simplify the process.
DISCLAIMER
This is not financial advice, nor a guarantee or promise in regards to any result that may be obtained from using the above content. The information provided here is for informational and entertainment purposes only. It should not be considered as financial and/or investment advice. No person should make any kind of financial decision without first consulting their own financial adviser and/or conducting their own research and due diligence.