June 5th, 2018: Dentacoin is now Supported on SimpleSwap.io – Atomic Swap Token Exchange Service. SimpleSwap is a simple and easy-to-use platform for cryptocurrency exchanges, without registration and limits.
Exchanging Cryptocurrency: Simple as a Daily Shopping Trip
“The SimpleSwap system is integrated into the largest cryptocurrency trading platforms. There is no deposit storage, only instant coin exchange on our service. So we help in a short time to find the most profitable exchange rate for our users. […] We offer a limitless exchange more than 100 coins. All in order for you to change what you want, when you want and as much as you want. We make the process of exchanging cryptocurrency simple as a daily shopping trip.” – SimpleSwap
According to the team, the project is created for the convenience of customers. It does not require users to complete a registration, or to store deposits on their service. Because of this, the users are protected from financial theft.
The platform, chooses the best available exchange rate for each transaction, among their partner exchanges and the time required for a transaction is estimated to be between 5 and 60 minutes. The actual time within the range, depends on how long it takes for a new block to be generated, however on average, most exchanges are realized within minutes.
About Atomic Swaps
Atomic swaps is the exchange of one cryptocurrency to another cryptocurrency, without the need to trust a third-party. A relatively new piece of technology, atomic awaps (also called cross-chain trading) is looking to revolutionize the way in which users transact with each other.
With last week’s addition of AtomicWallet, SimpleSwap.io, becomes the second Atomic Swap service that supports Dentacoin.
Also published on Medium.