We will comment about crypto swaps and particularly Atomic Swaps, a new way to do cryto swaps today. The atomic swap was first introduced by Tier Nolan on the BitcoinTalk forums in 2013. Nolan outlined the basic principles for cross-chain cryptocurrency swaps by using simple cryptocurrency trades across different types of blockchains. Fast forward to September 2017, atomic swaps captured the attention of the cryptocurrency community at large when litecoin founder Charlie Lee announced the successful execution of an atomic swap between litecoin and bitcoin over Twitter.
Analyse historical price charts to identify telling patterns. History has a habit of repeating itself, so if you can hone in on a pattern you may be able to predict future price movements, giving you the edge you need to turn an intraday profit. For more details on identifying and using patterns, see here. This is one of the most important cryptocurrency tips. By looking at the number of wallets vs the number of active wallets and the current trading volume, you can attempt to give a specific currency a current value. You can then make informed decisions based on today’s market price. The more accurate your predictions, the greater your chances for profit. If you anticipate a particular price shift, trading on margin will enable you to borrow money to increase your potential profit if your prediction materialises. Exchanges have different margin requirements and offer varying rates, so doing your homework first is advisable.
External attacks aside, centralized exchanges are also suspect to internal maintenance issues and corruption. Wallet maintenance” or disabled withdrawals are especially two big problems. Atomic swaps are going to give you complete control over your money. Direct wallet-to-wallet trading epitomizes decentralization in its purest form. Exchanges are constantly targeted for regulation purposes which makes the whole trading process increasingly centralized. Since atomic swap directly connects two wallets to each other, it removes all the steps and confirmations required by centralized exchanges. It is a faster option. One of the best features of cross swap is the removal of intermediary tokens. Eg. if you have LTC and want to buy Decred in a normal exchange, you will have to sell your LTC for BTC and then buy your decred tokens. Via atomic swaps, you can get this trade done in one go. Read more details at Swap Cryptocurrency.
Shapeshift offers a unique exchange rate for each coin that changes every 30 seconds according to market conditions, but its typical ‘miner’ fee is in the ballpark of 0.5%. Support is provided for 29 cryptocurrencies including BTC, BCH and DAI, and boasts one of the nicest interfaces on the market. Another good pick is Atomiic.io.
The system is integrated into the largest cryptocurrency trading platforms. There is no deposit storage, only instant coin exchange in our service. So we are able to find the most profitable exchange rate for our users in a very short time. A project created for the convenience of customers. Our users don’t need to create accounts or store deposits in our service. Thanks to this, the users are protected from any kind of financial theft. We provide the best rates possible by comparing a wide range of reliable trading platforms. Source: https://atomiic.io/.