Review on Switcheo by Bünyamin Sevinç
Switcheo
In my article today, I will talk about another project, Switcheo.
Switcheo is a decentralized money exchange.
It is integrated with three block chains. These are NEO, Ethereum and EOS blockchains.
This platform also has Atomic Swap markets.
Anyone can use this platform without KYC.
This exchange also supports hardware wallets such as Ledger and Trezor.
I can say that this exchange is user friendly. It has an intuitive and organized design.
Orders are instantly confirmed on this exchange. It achieves this by using an off-chain matching system.
You can access this exchange from both a mobile web browser and directly from mobile.
For users with specific questions, customer support is available 24/7 via e-mail or Telegram.
2FA and email authentication are also available as additional security measures.
Deposits and withdrawals are free, excluding network fees.
The stock market shows, with an algorithmic market maker formula, that the trading price of each asset is correct and according to market demand.
The platform also offers an OTC trading platform.
All in all, the platform is really easy to use. Combined with its cross-chain swap capabilities, I find Switcheo very attractive to investors looking for a new DEX.
Thank you to everyone who reads and those who do not.
Pros
- Atomic Swap markets
- Allows use without KYC
- User friendly
- Additional security measures with 2FA and email authentication
- An algorithmic market maker formula
- OTC trading platform opportunity
Cons
- Not for now.
