SwitchDex — it’s the platform for exchanging tokens on the Ethereum blockchain, designed for maximum convenience and ease of use. The portal also allows users to buy gift cards and donate to charity. If you want to find the exchange, supported by various cryptocurrencies, then SwitchDex is for you.
Contents:
About Ethereum platform SwitchDex
The platform launched the decentralized cryptocurrency exchange (SwitchDex.ag). In addition, it received the support of such a large company as John McAfee. Switch.ag cryptocurrency exchange platform has a convenient and simple interface.
The portal also offers users the opportunity to pay a one-time fixed fee to remove permanently the platform fee. Moreover, this one-time fee increased by $10 each month throughout 2019.
| May | 30 USD |
| June | 40 USD |
| July | 50 USD |
| August | 60 USD |
| September | 70 USD |
| October | 80 USD |
| November | 90 USD |
| December | 100 USD |
First of all, users choose which cryptocurrency they have and in which they would like to convert. Next, enter the deposit address and the recipient address, as well as needed sent amount in the original cryptocurrency. Firstly, the platform automatically calculates and reports the received amount. Secondly, with one click you can convert the value into a new cryptocurrency and the funds are placed on the user's wallet.
White Paper and Road Map are absent on the project. However, there is a telegram channel, where you can find out the latest project news.
Benefits over other dapps
Switch recently launched a decentralized trading platform for digital tokens. The platform has the following advantages:
- token ownership belongs to traders;
- the lowest fee (only 0.2% commission);
- users can pay a one-time fee;
- 100% of all fees, charged by Switch, go to the owners of their tokens.
As an extension of the Switch brand, the decentralized exchange (SwitchDex.ag) uses the same basic principle of the Switch.ag platform and makes trading extremely easy. A decentralized exchange Switchdex has everything you need to facilitate operations that need to be completed faster and at a lower cost than centralized exchanges. Users can always control money, using the blockchain technology. Transactions are performed between network nodes, using the smart contracts. Contracts can only be controlled by the private key of the involved parties.
Security on the SwitchDex
This platform has no restrictions and anyone can register here, including residents of the United States. The platform is associated with the smart contract, running on the Ethereum blockchain. Even if something happens to this site, users will still be able to get all their funds directly from the contract.
Once the wallet is imported, the wallet balance as well as the balance on SwitchDex will be displayed in the lower left corner. To conduct the exchange, you need to enter the amount and click the green "Go" button. After the transaction is confirmed, the data will appear in the account. The Switch platform has already attracted considerable attention due to its unique trading environment and simplicity.