On March 23, 2022, the CoinEx exchange launched a new feature on its website and mobile app. It is about the function swap, with which you can exchange bitcoin and tokens in the blink of an eye. With CoinEx Swap you do not need to create an order, as it happens when you do spot trading.
It is only necessary to select the cryptocurrencies to exchange and the exchange will take care of the rest. The addition of this feature is proof of CoinEx’s commitment to improving its financial products. The company wants to offer a more functional and convenient trading experience for its customers.
Swap, an exchange method that brings a solution
Why CoinEx considered it necessary to include the function swap? In a nutshell, for greater user comfort. It is true that there are multiple methods to exchange bitcoin and tokens today, but none are without their drawbacks. One case is trading on centralized exchanges (CEX) through spot trading.
This is one of the most popular ways to trade digital assets, however, it does have drawbacks. In spot trading orders are used to make the trade. A user sets the price and amount of cryptocurrencies they want, and if another user agrees to their terms, then the transaction is closed.
The problem is that you may not find an order that fits what you need or no one wants to fill yours, in case you decide to open one. Besidesthe price of the asset may vary once the order is executed.
Another alternative is blockchain bridges, designed to exchange cryptocurrencies belonging to different chains. This is a method that has seen increasing demand, and hackers know it. For this reason, the bridges between blockchains have repeatedly been the target of attacks and security breaches.
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And what about decentralized exchanges (DEX)? DEX trades are limited by factors such as liquidity, which is not usually a problem when it comes to cryptocurrencies like bitcoin or ether, but it is with others that are not as well known. Besides, these types of platforms are not suitable for beginners, not to mention that waiting times are often long.
Simplify trading bitcoin with CoinEx Swap
With CoinEx Swap you can say goodbye to long waiting times, liquidity problems, complicated platforms, default of your counterparty or abrupt variations in the price of the asset from when you open an order until it is completed.
Thanks to Swap, it is possible exchange tokens in a couple of clicks and safely. Regarding the price, the system uses the market price in real time. Swap is settled through the spot account, but without you having to worry about pending orders and transaction fees. This feature supports most cryptocurrencies listed on CoinEx.
Swap is available both in the Web page of CoinEx as in your app. The minimum limit per exchange is 1 USD, and there are no additional fees, just transaction fees. The system will calculate the exchange price based on the depth of the market, and the final amount is subject to the actual transaction.
Learn more about the CoinEx exchange by entering its Web page and social networks: Telegram, Twitter, Facebook and Instagram.
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