HOW ATOMIC SWAP REVOLUTIONIZES AND LEVERAGES THE FINANCIAL SITUATION OF USERS.

in #atomic6 years ago

C3TZR1g81UNaPs7vzNXHueW5ZM76DSHWEY7onmfLxcK2iPA5JdjfEabtJrYHBR5UeduEuduD5QKJ6fNZohLBFW73bcvdRLDc3xHKoc8U5bRCyDTnT2FA4mU.png

The importance of fees cannot be over emphasized in the crypto space. This is because, users of any digital currency must pay transaction fee (s) needed for a successful transactions to be done.

At one point of time to the other, crypto investors have to go through numerous kinds of fees for instance, users get to pay for third-party services(escrow), just like in the classic stock market.

However, due to volatility decentralizion in the cryptocurrency, a user gets to pay for the use of blockchain. Aside this fees, so many crypto wallets and stock exchanges charge also get to charge their own fee for adding or withdrawing funds from the marketplace.

As a result, there are three types of transaction fees for working with digital assets:

  • Fee for order execution

  • Transaction fee

  • Fee for adding and withdrawing funds

The universe of digital currency is loaded with trade administrations and trades, every one of which has its very own expense framework.

ATOMIC SWAP CHARGE IN ATOMIC WALLET.

Atomic swap works in a completely decentralized manner, which enables users to dispose two sorts of expenses on the double. To start with, you don't need to pay go-between charges (to trade or exchanger) for crypto exchange. Besides, the wallet itself does not require any installment for exchanges. All You just need to pay is a settled system charge, which does not rely upon the measure of the cash traded.

POSSIBLE FEES IN ATOMIC WALLET

Exchange expense is steady for any swap sum in one minute. Atomic swap in Atomic Wallet UI

  • Okex charge Fees

Okex is one of the most established and biggest crypto trades. The evaluated month to month group of onlookers is a huge number of clients, and day by day turnover surpasses 1.5 billion dollars.

Fees: https://www.okex.com/pages/items/fees.html

Producer expense: 0.15%

Taker expense: 0.20%

1LTC = 93.9 USD*

Okex expenses table

  • Poloniex Fees

Poloniex stage, one of the biggest US-based trades, displays another case of crypto-trade expenses.

Fees: https://poloniex.com/charges/

Producer expense: 0.10%

Taker expense: 0.20%

1LTC = 93.9 USD*

Poloniex expenses table

  • Changelly Fee

The following member of our audit is Changelly, an administration for moment trade of cryptocurrencies money, coordinated into probably the biggest trades, having a month to month turnover of more than $ 500 million.

Changelly takes 0,5% expense for trade. For instance, on the off chance that you need to change LTC to BTC:

1LTC = 93.9 USD*

The innovation incorporated into Atomic Wallet takes care of different issues for a wide scope of crypto-enthusiasts  from amateur financial specialists to huge whales.

For more information, visit the links below

Website: https://atomicwallet.io/token

Whitepaper: https://atomicwallet.io/download/atomicwallet-whitepaper.pdf

One pager: https://atomicwallet.io/download/atomicwallet-AWC-token.pdf

Twitter: https://twitter.com/atomicwallet

Facebook: https://www.facebook.com/atomicwallet

Telegram: https://t.me/atomicwalletchat

Btt: https://bitcointalk.org/index.php?topic=4437634.0

Bitcointalk username: Adaora2323

Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2011741;sa=summary