What is Altcoin.io?
Quick inner navigation:
- Altcoin.io is a decentralized peer-to-peer cryptocurrency exchange platform that allows users to directly trade with each other. Alcoin.io was built by traders with an aim of improving their trading experience. The decentralized platform does not require third-parties for matching orders as traders are at liberty to directly engage with each other.
- It is important to point out that this is not the first decentralized exchange in the market as the idea has been around for quite some time. However, Altcoin.io has quickly become popular among users as a result of its sufficient liquidity, efficiency, and speed. Such features make the platform to stand out among other decentralized cryptocurrency exchanges.
- User experience is the platform’s first priority. In fact, Altcoin.io addresses all the issues associated with decentralized exchanges. It is interesting to know that some users are still not keen on adopting decentralized exchanges considering the disadvantages associated with the centralized platforms.
- Decentralized exchanges have enhanced security but most users are not comfortable with their speed, liquidity, and usability. Most users care less about security as they are more concerned about usability and convenience. Ordinary users find it difficult to use decentralized exchanges due to lack of basic features. Hence, most of the users would rather risk their funds on centralized platforms that have limited security than have an awful user experience on decentralized exchanges.
- Therefore, Altocin.io is a decentralized platform that was developed to address some of the issues associated with decentralized platforms. In this case, users do not need to worry about the security of their funds and are able to complete their trades within the shortest time possible. This article will provide an Altcoin.io review that will help current and potential Altcoin.io users to find answers to critical questions such as;
- Is Altcoin.io legit?
- Is Altcoin.io Safe?
- Can I trust Altcoin.io?
- Altcoin.io is a traditional peer-to-peer cryptocurrency exchange program that allows buyers and sellers to directly trade cryptocurrency. A decentralized model is associated with enhanced security, anonymity, and the user has more control over their funds.
- The Altocin.io website does not provide any information about the company’s location.
- io began its operations in early 2018.
- The platform is supported in over 40 countries but the most notable ones include; the United States, Australia, Canada, and the European Union.
- The platform has no limitations when it comes to buying selling amounts.
- The buying payment method is an atomic swap.
- The selling payment methods is an atomic swap.
- As the name suggests, this exchange platform was to a large exchange developed for altcoins such as Ethereum, Litecoin, BAT, Aragon, Augur, Decred, Civic, Gnosis, MIOTA, DASH, XRP, and SALT. However, one can also trade Bitcoin on the platform.
- Traders have to open an account with a password for verification.
- Altcoin.io has some of the lowest transaction fees in the market and fees do not go beyond 0.25%.
- Examples of special features on the platform include; Atomic swaps, 100% token control, advanced tools, and anonymity when trading.
Is Altcoin.io Safe?
The Altcoin community has a lot of trust in the new platform as it attempts to address some of the challenges associated with the existing decentralized cryptocurrency exchanges. In fact, this is a platform built by traders and traders cannot build something they cannot trust. The platform is popular among traders as contains their input. The platform was developed to prevent any possible incidences of Altcoin.io scam.
The exchange does not have any security encryption but traders are guaranteed the security of their funds due to the decentralized nature of the system. The system cannot be attacked or hacked. Also, the platform provides off-chain transactions through the Raiden network to guarantee maximum security.
Altocoin.io is one of the best sites when it comes to customer support as its official website has quite a number of platforms that can be used by traders to get help. To begin with, Altcoin.io has social media platforms such Twitter and Facebook accounts that traders can use contact the company.
Second, the website has questions and Feedback link that enables traders to ask equations and give their feedback on the company’s services. In addition, the website has an official email account for customer support that can be used by traders to contact the company.
How to use Altcoin.io?
The following are some critical steps for the atomic swap process when using Altcoin.io;
As a first party:
- Add coins to your wallet by clicking on the WALLET option.
- Select the currency you want to exchange.
- Enter the number of coins you want to swap.
- Wait for feedback on the amount of currency you will get.
- Submit the request.
- Copy the URL appearing in the interface and send it to the second party for the altcoin deposit.
The second party:
- Receives the URL or link sent to the first party via email or chat.
- Gets feedback on the amount of feedback on the amount of altcoin they will get in the exchange.
- Confirms the exchange by clicking the “I AGREE” button.
- A system check confirms the availability of funds for exchange.
- Wait for the completion of the Atomic swap process.
Altcoin.io Review Summary
Altcoin.io is one of the latest decentralized cryptocurrency exchange platform and not can be said about the platform as it is still new. However, platform’s official website stipulated the company’s vision and long-term goals. Currently, there is no specific information about the company but it is quite evident that it is an improved version of the existing decentralized platforms due to the enhanced user experience. The company combines both the advantages associated decentralized and centralized exchanges.
The Altoin.io pros include;
- No server downtime.
- No hacking.
- Provide anonymity when trading.
- Traders have control over their funds.
- High liquidity.
- Advanced tools.
- Easy to use.
- Enhanced security.
Alcoin.io pros include;
- Scanty news about the company.
- It is yet to be tried tested.
The Altcoin.io platform is still a perfect choice for traders despite the fact that it is is a new platform.
The exchange’s essence is the easy interface thus it is suitable for both experienced and new traders.
Thank you for checking out this review. Make sure to roam our site for more guides and reviews.