Review on Switcheo by LUIS RIVERO R
Decentralized exchange with various chains available.
This decentralized exchange offers operable cross-chain services, for now limited. All processes are executed in smart contracts. (For now it is built on the Ethereum and Neo chain) Because it is decentralized, no personal information or identity verification is required, practically anyone can use this service.
It also has products in development with other networks such as zil or eOS. Like any product that seeks to expand the number of users that use this platform, referring you can receive rewards according to transaction fees.
In general, with a comfortable main view for traditional traders and really fast, it is a tempting option to start using decentralized cryptocurrency projects, however for new users its use can become really confusing, so before starting I would recommend reading all its documentation regarding the use and if you have doubts, access the support and ask the questions you require, your service is really interesting.
More than a token, it is an exchange platform with multiple functions, this asset is backed by all the services offered, really easy and safe to use.
Pros
- It has a decentralized exchange in several languages.
- It is cross-string compatible.
- The funds will always be housed in the wallet or guarded by contracts that can only be modified using it.
- It has more than 60 trading pairs.
Cons
- For some users, its use can be complicated, especially those who are not familiar with DEX.
- One of the problems is related to the execution of contracts in the ethereum network, since on some occasions the network is really expensive.
