Thanks for stopping by to read our article – Altcoin.io Worlds FIRST DEcentralized Crypto Trading Exchange Legit Or Scam.
The most obvious benefit to utilizing a decentralized exchange over a central one is their “trustless” nature. You are not needed to rely on the security or honesty of the exchange since the funds are held by you in your individual wallet and not by a 3rd party.
Another advantage to the decentralized model is the personal privacy it offers. Users are not required to divulge their individual information to anyone, except if the exchange approach involves bank transfers, in which case your identity is exposed only to the individual that is offering or purchasing from you.
Additionally, the hosting of decentralized exchanges is dispersed through nodes meaning that there is no danger of server downtime.
What the trade of Cryptocurrency requires is a resilient environment, and decentralized exchanges are the answer.
Altcoin Exchange, the decentralized cryptocurrency exchange, is rebranding itself as Altcoin.io. This marks the start of a fresh era of altcoin trade. It promises total security of the coins of the cryptocurrency community and it is a more secure way to trade.
Altcoin.io wants to give power to everyone, regardless of whether they have knowledge of market, to trade altcoins securely and with self-belief. Currently, it is impossible with centralized exchanges as they are susceptible to theft, and need you to surrender control of your coins in order to trade.
There have been 26 identified centralized exchange hacks since June 2011, and it involves the loss of nearly $1,000,000,000 in funds of users. Until date, the market has not been able to respond with a good solution. The objective of Altcoin.io is to solve this problem.
Altcoin.io aspires to be the first decentralized exchange giving due focus on user experience, safety, customer support, and design. By working in partnership with the trading community, Altcoin.io will erect a secure, trustless platform which allows users to make speedy trades without doubting whether they're revealing themselves to risk.
The CEO and founder of Altcoin.io, Andrew Gazdecki, stated that their new name is about setting the standard for how they progress. With this company rebranding, they made clear their goal is moving beyond what is already there to create something better, a decentralized altcoin exchange, where one can trade securely, anonymously, and be in total control of one’s funds.
By shunning the centralized model, Altcoin.io allows traders to retain total control of their coins so as to permit them to exchange with confidence. There is no room for failure, no central depository for hackers to exploit, and transparency in each transaction.
As Andrew stated, the centralized exchange model is broken. As altcoins continue their impressive rise in fame, it is more important than ever to set up a protected and trustless exchange, however, with the trading community engaged. Altcoin.io is being for traders built by traders.
World's First Atomic Swap
Altcoin.io completed the world's first Atomic Swap between the Ethereum and Bitcoin blockchains previous week. Altcoin.io shifted 0.1245 Ethereum to 0.12345 Bitcoins without first passing ownership to a third party. Atomic Swaps are the means to making secure decentralized trades which transact as speedily as centralized ones. This milestone places Altcoin.io on track for a community release in early 2018.
The news of the swap has buoyed Altcoin.io's mounting community. It was excitedly covered by The Merkle, Bitcoin.com, CoinDesk, Cryptovest and more. Although some kinks still remain to be ironed out including privacy, options, and order matching, Altcoin.io is certain this is just the start of better things coming in the way of cryptocurrency community: Altcoin.io looks forward to shake up this energetic market by offering traders what they have been looking for, a secure way to swap and trade digital assets.
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