Exchange features of the Atomic Wallet
Good day to you all, here is another content on atomic wallet. This time around, the content will focus on the various exchange processes provided by Atomic wallet.
Current Exchanges Related problems
Over past few years, thousands of consumers have had terrible experiences with the use of various available wallet and exchanges, like the Bittrex locking accounts for months, Coinbase frequently crashing and loosing wires, Binance prohibiting new users from creating accounts, emergence of various phishing website imitating www.myetherwallet.com to Coincheck and Bithumb being hacked, virtually every user of these platforms have experienced their fair share of dilemmas at one time or another.
These terrible experiences can be attributed to many factors such as the centralization of these exchanges that keeps all the activities of the exchange on a central server in which if there’s any system failure, the whole exchange will be susceptible to hack attacks.
With all these incidence, there’s a need for a better opportunity and the atomic wallet is adopting the atomic swap technology to create a non-custodial exchange where user can easily swap their crypto assets.
A Revolutionary Solution By Atomic Wallet
Atomic Wallet is a multi-purpose custody free cryptocurrency wallet. It emmerges with the abilty to supports over 300 assest and that is why it is called a Multi-cryptocurrency Wallet. Atomic wallet adopts a Cold Storage mechanism and does not require any registration. It emerges to reduce the effort and time spent on managing crypto assets. The atomic makes many functionalities possible in one platform which is available on virtually all operating systems.
The brain behind Atomic Wallet adopts various technology and mechanism to bring about a decent exchanges for user to swap, buy and sell their coins and tokens.
The exchanges provided by Atomic wallets are
1. Atomic swap
2. instant exchanges : Shapeshift and changelly.
1. ATOMIC SWAP
Atomic wallet is incorporated with Atomic swap which is a smart contract technology that enables exchange of one cryptocurrency for another without using centralized intermediaries, such as exchanges. Atomic swaps can take place directly between blockchains of different cryptocurrencies or they can be conducted off-chain, away from the main blockchain.
2. INSTANT EXCHANGES
Being an all-in-one cryptocurrency app and a custody-free solution, atomic wallet has incorporated two most secure instant exchanges to give users the opportunity to easily and swiftly exchange cryptocurrencies not supported by Atomic Swap.
The two supported exchanges are :
1. Shapeshift : is the fastest, most private, and most convenient way to swap digital currencies, with the exchange rate always remaining competitive. Following the Atomic Wallet community vote, ShapeShift was selected as a default option for instant exchanges.
2. Changelly : is a Popular cryptocurrency exchange a the ability to instantly and seamlessly exchange over 90 altcoins at the best market rate or to buy them using a bank card. Operating since 2015, Changelly has attracted over 1.5M registered users from around the world. Currently, the service processes more than 15K transactions daily with a monthly turnover of around 60K BTC
FOR MORE INFORMATION ABOUT ATOMIC WALLET
Website : https://atomicwallet.io
Telegram : https://t.me/atomicwalletchat
Twitter : https://twitter.com/atomicwallet