We will talk about crypto swaps and particularly Atomic Swaps, a new way to do cryto swaps today. Today, most centralized exchanges force traders to transfer cryptocurrencies via a wallet that is being controlled and hosted by a centralized exchange. This is known as a “hot wallet.” What does this really mean? Well, traders do not control their private key for hot wallets. So, this places their investment at the mercy of exchanges. This means atomic swap trades hold several advantages over centralized exchange trades.

Security: Always check reviews to make sure the cryptocurrency exchange is secure. If your account is hacked and your digital currency transferred out, they’ll be gone forever. So whilst secure and complex credentials are half the battle, the other half will be fought by the trading software. Each exchange offers different commission rates and fee structures. As a day trader making a high volume of trades, just a marginal difference in rates can seriously cut into profits. There are three main fees to compare: Exchange fees – This is how much you’ll be charged to use their cryptocurrency software. What currency and coins you’re trading can influence the rate. Trade fees – This is how much you’ll be charged to trade between currencies on their exchange. A marker fee is the cost of making an offer to sell. A taker fee is the cost of taking an offer from somebody. Deposit & Withdrawal fees – This is how much you’ll be charged when you want to deposit and withdraw money from the exchange. You’ll often find it’s cheaper to deposit your funds. Also keep in mind some exchanges don’t allow credit cards. Using debit/credit will usually come with a 3.99% charge, a bank account will usually incur a 1.5% charge.

Yes, we realize that we have listed “speed” as one of the advantages, but here us out. In its current iteration, atomic swap still needs tons of refinement and enhancement before it becomes fast enough to handle large volumes of data. This one area where the lightning network can aid atomic swaps in a major way. It is true that more wallets are coming out which are going to adopt atomic swap technology, however, the fact remains that the total number of compatible wallet and exchanges is still really low. Greater support from more exchanges will inevitably lead to more broad scale use and research. Lack of scalability and interoperability are two of the biggest problems that the crypto world is facing as of right now. With atomic swaps, we have a solution which can kill two birds with one stone. This is a piece of technology which has the serious potential of taking us to the next evolution of crypto trading. Let’s hope that more research work and adoption takes place in the near future. Read extra info at Swap Cryptocurrency.

What’s nifty about Swapy is that it charges a fee only on the amount users will save relative to competitor services. In other words, Swapy only gets a cut of what you save on a swap, doing away with a flat fee entirely. Holders of REM tokens can further increase their discount level by up to 90%. Account registration is necessary with Swapy, but only if you’re looking to claim the maximum available discount. Another good pick is Atomiic.io.

The Atomiic.io team is glad to welcome you at our service. We have done the process of cryptocurrency exchange simple, safe and comfortable. Our customers don’t need to create accounts or store their funds at Atomiic.io. We offer swaps of more than 300 cryptocurrencies. Our team is always glad to add new coins to the Atomiic.io list of currencies and is looking for new partners to make our platform even better. Visit: https://atomiic.io/.