SwapSpace that I have never heard of before the competition, which I could safely guess not many of the Publish0x community or wider community too. Perhaps SwapSpace was made as a competition as a form of advertisement to gain more customers of its service, which is likely the case when thought of. SwapSpace when looked at seems arguably one of the most useful crypto exchange services out there in the market yet is not noticed by many. It is overarched by the leading centralised crypto exchanged services, examples including Binance, Coinbase and Kraken. However, with such great features that SwapSpace contains and a promising future, it is likely to become one of the next big crypto services out there.
SwapSpace Overview
SwapSpace is a crypto aggregator that provides the best offers for crypto exchanges between two desired cryptocurrencies from their selected range according to their partners that already includes a wide range promised to widen in the future. In simple, it is a crypto exchange that gives you the best offer it can without the need of knowing your personal details such as phone number and address, something that is a significant concern for crypto users, especially with its decentralised purpose. According to SwapSpace, using their exchange works in 4 easy steps:
1. Choose a pair - this is self-explanatory. Which cryptocurrency do you want to exchange? SwapSpace contains more than 450 coins so it is very likely that the one you want is there. It even includes Publish0x tokens that most exchanges do not provide, including Ampleforth (AMPL) and Harvest Finance (FARM). Not many exchanges do have the current FARM token for Publish0x of iFARM and according to CoinGecko, only two exchanges provide iFARM: QuickSwap and Honeyswap. It also includes Uniswap from personal experience but even then they are all DEXs, meaning it is impossible to trade iFARM outside the decentralised world.
2. Select the best rate - self-explanatory once again. SwapSpace picks the best rates according to the partners that have the same trading pair and give the best options. Select the best option you find that meets your needs, though be mindful with the service network fee and privacy policy associated with each offer, some offers containing a KYC requirement. For this example of 0.1 Bitcoin (BTC) to Ethereum (ETH), the cheapest offer provided for was 1.64923525 ETH from Exolix. Binance follows Exolix at 1.64056895 ETH, which is about a 0.009 ETH difference, which is a considerable amount (more than $20 at the time of writing!).
3. Transfer funds - send the exact amount entered to the address provided for the trade to be processed. It is very unlikely that the tokens will be stolen, so do not worry about any scam from SwapSpace. They have so much more to offer!
4. Receive your coins - According to SwapSpace this takes a few minutes, which is very little considering that is generally less than the time for an ETH transaction. They also have support if something does not go right which according to reviews respond quickly, something that most technology-based companies struggle with. SwapSpace mentions that 'the exact time is a subject of blockchain network overload, transaction volume, processing speed, etc.'
The steps of using SwapSpace summarise its service relatively well, which goes for the majority of services. SwapSpace personally is an amazing service that I have never seen before with a great future ahead of it. They even have a roadmap with exciting services ahead of it, including a mobile app and Telegram swaps bot.
Future Of SwapSpace
The roadmap above gives the promised future of the SwapSpace service but it does not give the future of its popularity and view on the community. SwapSpace is a revolutionary crypto service because it provides something not met frequently within the crypto world, especially one centralised: making the best deals without KYC. And these deals do make a difference, one example from earlier proving how much can be saved from SwapSpace. With such a great service, one would think that SwapSpace is one of the leading crypto services within the market but this is not the case. However, it potentially may be in the future with over a year since its creation.
Currently, SwapSpace does do what it wants to do, though there is a range of improvements open, most of which are addressed in its roadmap. Arguably one of its most significant roadmap projects is a mobile app for its service since likely many crypto users participate within the market via their phone, something convenient and portable to use. Opening a reworked blog and cryptocurrency base will also help SwapSpace become more popular across the crypto community, something likely keeping back the popularity of SwapSpace. Having more partners for a wider range of exchange options will provide support for the popularity of SwapSpace by making its users more inclined towards the service by recognising their favourite exchanges, examples including KuCoin, Coinbase and Kraken.
Comparing the leading crypto exchange Binance to SwapSpace, there is a noticeable difference in popularity between the two. Putting it in terms of Twitter popularity effectively demonstrates the case.
Binance joined in June 2017 and now holds 4.5 million followers. SwapSpace, on the other hand, joined in May 2019 and currently holds 10.7k followers. That is a massive difference, and so SwapSpace should have a massive influx of followers in the following weeks and months with such a great service. This is even more likely when considering that SwapSpace is beginning to advertise itself to the crypto community, which would include Publish0x in this crypto blogging competition.
Final Words
SwapSpace is an amazing cryptocurrency service that deserves much more attention from the potential it has to offer not only to its users but also itself. With SwapSpace beginning to come out into the crypto world through a variety of forms of advertising, including the Publish0x publishing competition, it is almost certain that the future of SwapSpace is bright, something exciting to ponder upon. SwapSpace is due to become one of the next top crypto services within the market, a magnificent service helping many across the world in saving with their crypto transactions.
Disclaimer: The information above is not financial advice and is for educational and entertaining purposes. All information is of my personal opinion and is based on the research I have made. Any information on this article should not be mistaken as fact, and any decision with crypto means you need to DYOR (Do Your Own Research)
