Swapzone, exchanges and rocket science!

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Written by

PVMihalache

#Club1BCH

4 years ago

In community: Cryptocurrency and Blockchain(7b7f)

Topics: Swapzone, Blockchain, Cryptocurrency, Money, Finance

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What you gonna do... what you gonna do... when sh*tcoins are coming after you?

As every modern crypto enthusiast, I am getting different kind of tokens and coins from strange airdrops, stake rewards and various other methods. But what you gonna do when the size of the shitcoin bag makes Santa envy you? The answer is easy and logical... get rid of them.

I came across many exchanges since 2015 and Swapzone is upper class because is not a common exchange platform, is an aggregator for instant exchange deals. The platform will look for the best offers and present the best rates.

Is Swapzone rocket science?

Have you seen the logo? It's a rocket. Basically, Swapzone is working with more than ten exchange partners to search for the best exchange offers. The user inquiries is getting multiple answers from the swap services, resulting the best rates, in a user-friendly lay-out. The transparent swap service is ticking boxes for convenience, simplicity and rapidity. How easy is that?

The instant exchange services doesn't have a maximum limit for the swaps. However, a minimal limit is always required, between $10 and $50. Some assets, such as Ethereum, Tron (TRX) or Stellar Lumens (XML) have special identifiers and memo required to distinguish the block-chain transactions. Over 300 assets are available for swaps and on top of that every single transaction is custody-free and no registration is needed, therefore no silly KYC.

How easy is to use Swapzone?

You need to know to things... what you swapping and what you want in exchange. In this scenario, I want to swap 8 ZCash (ZEC) and get Ethereum in exchange. Instantly the Zcash value is converted into how much Ethereum I can get, and the top offers are listed. I can order them by best rate, speed or rating. I will go with the best offer even if the transaction fees are not included.

The swap starts after choosing the paring and adding the wallet address where the funds to be sent. After this step, the exchange order gets created along wit the address where the deposit must be sent. Even if FixedFloat offers the best rate, I am recommended to use ChangeNow because is quicker and more reliable.

The Top-Up wallet is generated for the swap, and the amount sent must match the one added on Swapzone. Once the order was initiated, is impossible to cancel it. The "pending" status will change when the deposit was received. The speed of the swap is influenced by the type of token and the number of confirmations required by the transaction. When the deposit is confirmed by the partner exchange the swap is done.

Swapzone is rated great on Trustpilot, with 3.8 stars from 11 reviews. Usually I tend to ignore reviews and tinker with the platform to make my own opinion. This is best practice and is the best method to avoid all kind of products that are paying for social media boosting.

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