PUTU: New Cryptocurrency Exchange

Hello friends with me again, Putu, Today I want to write articles about various technologies that have begun to occur in our lives. The most prominent is the blockchain technology. It continues to grow rapidly by activating special concepts such as smart contracts and P2P to enter our lives. Blockchain-based projects have attracted a lot of attention recently and continue to make money for their investors, but this world is a market that needs to be followed quickly. You cannot make a profit unless you have mastered the dynamics of the market. If you spend only a few minutes every day with me and my article, I will keep you updated on the current news and new projects of the market. In this article , I will talk to you about SimpleSwap project.

What are the problems of today’s stock markets?

As you all know, today’s stock markets face very serious problems, especially when the market is stagnating, liquidity and stock markets like Mt. I will continue by opening up some liquidity problems. You have entered a stock market, you have thousands of altcoins and you want to sell them, but it is impossible to do so because the stock exchanges are usually very low. Even in today’s most locomotive stock market, like Binance, you may have a similar problem with most altcoins. Even now, when you enter the binance home page and check the volumes, you will see that the volumes are awful for many subcoins. For example, when I open it now, the volume for MFT seems to be only 1 BTC. Even if you only want to sell 1 BTC in this pair, the price will drop very seriously. For this reason, it is really difficult to make the shopping you want in today’s stock markets. Knowingly, I gave an example of the most known stock exchanges to understand the situation better.

What is SimpleSwap ?

SimpleSwap has developed a new generation system that allows you to trade as many subcoin as you want without any liquidity shortage and reliably by following very simple steps. When you want to buy a token or sell it, you will be able to make your transactions through SimpleSwap without any technical knowledge. I will talk about the steps of the process to open the process a little more. From the SimpleSwap menu, you select the currencies you want to trade. After the swap process, you enter your wallet address where you want the money to be deposited. You send the currency you wish to send to the specified address for a trade. Your new currencies or tokens you want to receive are automatically deposited to your address specified in the second step after the transactions are approved. As you can see, it is possible to perform the shopping you want in 4 small steps easily and reliably. You can now log in to the SimpleSwap website and exchange more than 300 currencies. The currencies you want to trade do not have to be on the same network, for example you can trade between two Ripple and Ethereum based currencies. The project team is constantly working to make more currencies exchangeable.

Yes, there are similar ones on the market, but there are features that make SimpleSwap different from others. First of all, we are talking about a platform that has been running for more than a year. The biggest disadvantage of this type of swap sites is that they don’t have enough money behind them and SimpleSwap has more than enough reserves. In other swap sites, the fees charged for clearing are very high, while on the SimpleSwap platform these charges seem to be kept to a minimum.

Another positive aspect of SimpleSwap is the variety of currencies it offers. Generally, there are no options other than BTC – ETH and a few known coins on these swap sites. They’re very limited. SimpleSwap is capable of providing services on a wide range of currencies from multiple different networks. Even the stock markets on the market can easily dethrone. I will share the links at the end of my article so that you can learn more about the project. If you want to discuss with me about the project, you can reach me through my contact addresses. Best regards..