Switch Decentralized Exchange: Is Switch.ag SwitchDex a Legit Service?
What Is Switch?
Switch is a new revolutionary token exchange platform where users can seamlessly exchange assets as well as purchase gift cards; make donations to non-profit organizations, gamble, and many more.
The Switch token exchange platform seeks to develop advanced tools and features that are crucial for traders to make successful and profitable trading decisions. Additionally, the platform features some of the lowest fees and the best trading environment in the market.
How Switch Works
On the Switch website, users can ‘switch’ assets by simply selecting the token or cryptocurrency they would like to send, the asset they would like to receive in exchange, and clicking on the SWITCH button.
The users will need to provide the address they are sending the tokens from and the address to which they can receive tokens, to initiate the transaction. The requested tokens are deposited into the user’s wallet after the platform receives the tokens from the user.
Apart from the 0.2% taker fee charged during the transaction, there are not any other fees on the platform, making it much cheaper than other decentralized exchanges. However, users have the option of eliminating the platform fee forever by paying the one-time flat fee amount.
All the fees collected on Switch are airdropped among the Switch (ESH) token holders and SDEX token holders each month, whereby 50% are airdropped to ESH holders and 50% goes to SDEX holders.
Listing Of New Tokens
Users can list new tokens on the Switch decentralized exchange. They can do this by sending the Switch team an email.
Users do not have to pay fees for the tokens to be listed on Switch. There are also no restrictions on the limits and jurisdictions of where the coins should be listed. Additionally, no personal information is collected during the entire process.
Access To The Switch Exchange Widget
The Switch Exchange Widget is the easiest way for users to convert assets instantly and users have the opportunity to earn will at it.
Users can install the Switch Exchange Widget on their website, blog, or news site and receive payments for being a Switch affiliate.
The Switch API can seamlessly integrate with payment processors, wallets, merchants, ATMs and many more.
This makes it possible for merchants, stores, or businesses to accept any token supported by the Switch exchange platform as a payment method. This subsequently enhances the adoption of cryptocurrencies for day-to-day transactions.
In addition to having a unique user interface that makes it easy for anyone to exchange their tokens regardless of their experience level in the crypto market, Switch also features fast transaction speeds that average to just a few minutes.
There over 100 tokens supported on the Switch exchange platform; to eliminate the need for users leaving their funds in exchanges, there are numerous unique ways for users to utilize their cryptocurrencies such as donations, gambling, or buying gift cards.
Users are not required to create accounts on Switch for them to begin transacting on the platform; therefore, no user information is collected. This means that in cases of attacks on Switch, users do not have to worry about their information being compromised.