We will talk about crypto swaps and particularly Atomic Swaps, a new way to do cryto swaps today. What is the downside to an atomic swap? Atomic swap trades are limited by liquidity. This means that without an exchange platform it can be difficult for traders to communicate and exchange cryptocurrencies. However, recent developments with atomic swap technology have resulted in the prolific increase in decentralized exchanges. Decentralized exchanges are combatting this issue through matching orders between traders using atomic swaps.
Once you’ve decided on a broker, got familiar with your platform and funded your account, it’s time to start trading. You’ll need to utilise an effective strategy in line with an efficient money management system to make a profit. Below is an example of a straightforward cryptocurrency strategy. This straightforward strategy simply requires vigilance. The idea is you keep a close eye out for a correction in a trend and then catch the ‘swing’ out of the correction and back into the trend. A correction is simply when candles or price bars overlap. You’ll find trending prices move quickly, but corrections, on the other hand, will not. Let’s say on your cryptocurrency chart at 250-minute candles, you see 25 candles where the price stays within a 100 point range. If the price contracted to a daily move of just 20 points, you’d be seriously interested and alert. You should see lots of overlap. This tells you there is a substantial chance the price is going to continue into the trend.
After that, in Feb 2018, Komodo managed to connect Ethereum and Bitcoin-protocol coins with a swap between ETH and DOGE. This way, Komodo was the first blockchain project to achieve this feat. By March 2018, Komodo’s atomic swap technology supported trades between 95% of all coins and tokens in existence. At the time of writing, over 110,000 atomic swaps have been performed on BarterDEX, Komodo’s decentralized exchange (DEX). How Komodo Works. Suppose John has BTC and would like some KMD (Komodo tokens) in exchange. Similarly, Alexandra has KMD and wants some BTC in return. How is this atomic swap going to work out? Find extra details at Swap Cryptocurrency.
Speaking of KYC, Shapeshift caught flak when it announced that it would adopt a fully verified model, disincentivizing the same users who raised an eyebrow to Changelly’s policy. Citing pressure from regulators, the non-custodial exchange admitted that the move provoked the departure of many valuable API partners – but nonetheless, it remains a viable service for some. 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/.