When I joined steemit newly and started earning from my blog, I had to browse about different cryptocurrency exchanger that can change my steem to paper money. I saw many online that got my attention until a friend of mine advised me to be very careful on the kind of exchanger I will use because of how many have been duped off their money or cryptos all in the name of exchanging cryptocurrencies.
One of the vital problem of many cryptocurrency exchangers is lack of guaranteed security from both buyers and sellers of cryptos, where most people are cheated during transactions. Third party has made it cumbersome for exchange to be carried out due to high rate of exchange fees and inflexible demands from them. I would not want you to be scared of threats in the blockchain base on your transactions or high commission in exchanging cryptocurrencies, that is why I recommend Streamity for you.
What is Streamity?
Streamity is a platform that allows peer-2-peer transactions under the protection of smart contracts. That is, it is a cryptocurrency exchanger where cryptos are exchange for many kind of several currencies but the huge difference of Streamity from other platform of this kind is the aspect of its security which is guided under smart contracts. Smart contract is simply a contract that protect transactions from buyers to sellers or vice versa in a digital manner. Instead of me sending my steems first to a buyer or the buyer sending money first, we are going to both agree to enter a smart contracts that will give our respective need at a fast, transparent and reliable way. In Streamity, the tool to perform this smart contract is through the help of Streamdesk which cuts off all risk and fear of users.
How is Streamity better than existing solutions?
Other cryptocurrency exchangers do not protect their users from security threat and fraud which causes a lot of losses for users. It has been recorded of cases where the supposed sender never sent cryptos which was paid for by the buyer. But Streamity is seen to protect its users from such experience with the help of Smart Contract. Smart contract makes Streamity different from others due to how it locks transactions funds until an agreement is attained from both buyers and sellers.
Also, Streamity is better than other exchanging platforms because it avoids intermediaries. Middle men has a way of making transactions hard and puzzled due to its demands that cost a lot. In Streamity, middle men are no longer needed for transactions to be done. Any cryptocurrency can be exchange for different currencies, no strict rules of what must be used for exchange, just like using Bitcoins to exchange for other currencies which is highly charged.
Streamity is better than other platforms because of its low cost quality it posess. The stress of thinking of how much would be lost after every exchange is heart breaking. With Streamity, the fees attached to exchange cryptos is specifically low which varies from 0 to 2% charge.
Streamity has fixed rate in prices of cryptos they sell which is derived from the actual crypto market. Unlike sellers increasing prices for buyers at a selfish interest which is found in most cryptocurrency exchanger, Streamity sells at prices derived from the cryptocommunity market.
Streamity is also convenient in exchanging cryptocurrencies. It lessens the difficulty gotten fom exchanging cryptos for Fiat money. It is very fast in delivering users cryptos or funds. It is better than other platforms of this kind because it is indeed efficient in services which is influenced digitally.
How does Streamity make buyers and sellers safe?
This is one vital aspect of Streamity, which is security. Many buyers and sellers have complained through out the years in cryptocommunity about insecurity in sending and receiving cryptos from direct transactions(p2p). As a result of this complaint, Streamity made sure a difference needs to be made and this difference was the adoption of smart contracts through their tool known as streamdesk. Smart contracts would receive both the crypto and funds for exchange from both the buyer and seller to avoid fraud and direct accusation of theft. It digitally record the transaction history of both parties so that transparency would be paramount. With this, users are very much protected from dubious fellows in the crypto world.
How will Streamity bring to the mass adoption of cryptocurrencies?
A lot of benefits and favorable conditions in Streamity that is possible of bringing in massive adoption of cryptocurrencies. First of all, smart contract is one huge and perfect security for users. With this, Streamity would be found inviting and attractive to adopting cryptocurrencies.
Also, the idea of exchanging cryptos for Fiat is very convenient and less stressful in Streamity than other exchangers. With this significant quality, there will be more adoption of cryptocurrencies in the market.
How will giving people Fiat reduce the barriers for entry?
Rendering people Fiat money will attract new users who have difficulty in relating with the cryptocommunity. If Fiat money is been rendered intensely, more users who want to buy or exchange cryptocurrency with Fiat or vice versa, will come in easily due to its(Fiat money) wide availability and popularity in the world.
In conclusion, Streamity is already proven to be a way forward for high security(smart contracts), flexibility, less charges involved and the use of KYC verification for exchanging cryptos from person to person in the cryptomarket.
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