Early in the cryptocurrency market, there were only a few centralized exchanges that made it possible to buy and sell these currencies. But exchange offices, like all products in the world today, operate on the basis of supply and demand. Even now, with the popularity of cryptocurrencies and more demand from more secure exchanges, the number of exchanges active in this field has increased.
The goal of cryptocurrencies was to eliminate the need for third parties. But the exchanges where the transactions took place were more concentrated and the assets were under the control of one company. For example, now the famous binance exchange has made authentication necessary for all users.
Why TON Swap?
Decentralized exchanges are the only solution without the need for third parties, but most of these exchanges are already making transactions difficult due to the use of high-fee networks. TON Swap Exchange, based on the TON blockchain, is a relatively new decentralized exchange. TON blockchain has much lower fees than networks like Binance Smart Chain and Ethereum. This exchange does not ask for any personal information from users and transactions are done with the help of connection to TON decentralized wallet.
How does TON Swap work?
To enter the trading panel of this exchange, you must install a ton extension wallet, which is much smaller than the wallets that force people to download the entire blockchain.
By entering the exchange site, it is possible to securely connect to the wallet and assets, and after the user allows, the exchange performs trading operations. This exchange supports stable currencies that do not change value. Fees are paid with WTON, and most importantly, buying and selling in this exchange is quite convenient for people who are completely unfamiliar with these platforms.
This exchange pursues the goal of cryptocurrencies by providing decentralized services, so it is one of the best options for trading these currencies. Fees are lower than most popular decentralized exchanges, and it is possible to trade in stable currencies. I admire their work and guess that after a long period of activity, it can become one of the most practical and famous cryptocurrency exchanges.
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