Officially launched in May 2017, AirSwap is a decentralized exchange (DEX) that empowers peer-to-peer (P2P) trading on the Ethereum blockchain. By using a decentralized swap protocol, AirSwap has successfully created a common network that allows adding or removing tokens from a portfolio easy, and at very low costs.
Unlike centralized platforms that have risks attached to using them, AirSwap decentralized protocol operates on the basis of directly connecting the two peers to conduct a transaction via cryptographic signatures.
Therefore, there are no intermediaries involved during the whole process. The exchange of tokens is acknowledged and approved by each participant, which prevents any threats or interference from a third party.
On AirSwap, there are a variety of products that can be traded on a P2P basis:
- With AirSwap OTC, users can join an over-the-counter trading marketplace which is totally free and shareable.
- Besides ETH, there are a lot of financial instruments and virtual assets being exchanged on AirSwap Instant, such as ERC20 tokens, DAI, TUSD, TCAD, TGBP, THKD, TAUD, USDC.
- AirSwap provides adaptable features for developers to add their own codes and integrate AirSwap funds with external apps.
- Traders can use the AirSwap Explorer view that displays and updates the latest transactions on AirSwap, including assets, exchanged volume and so on.
With all the features listed above, AirSwap confidently brings its free, secured, and frictionless blockchain solution to traders all around the world.
Trading Crypto on AirSwap
AirSwap was established as a P2P network in which traders will publish their offers and find matched partners, then conduct the exchange. Similar to other peer-to-peer trading platforms, on AirSwap, there are makers and takers.
While a maker will supply liquidity to the market, a taker will match and take the order from makers. Generally, makers will set up orders available on a market and wait until there is a perfect fit request from takers.
Both players can use limit orders to specify a favorable price at which their token will be purchased or sold. Besides, traders can buy or sell instantly through market orders, which excludes price discretion from executed orders.
Instead of using an order book to collect orders and prices, AirSwap let traders communicate and inspect preferred prices with each other via an API connection based on a Request-For-Quote (RFQ) mechanism. Thanks to that, there is no need for a bot nor custody during the process between makers and takers.
Each transaction is confirmed and permitted by involved traders only. Once it is completed, a “success” indicator will show up along with a link to notify about the successful transaction.
No Registration Required, No KYC Crypto Trading
It can be a pain to sign up and log in every time you want to take part in a trade. With AirSwap, this annoyance is removed from the process. Traders can place orders without any pop-ups asking personal information. As a result, there will be no risks of private data being leaked or hacked.
No Deposit Required, Yes, it’s totally true.
Many exchanges demand users to make a minimal deposit in order to be eligible to conduct transactions. This doesn’t happen on AirSwap, as the platform will not hold any position between makers and takers. No custody does not only mean traders can save a considerable amount of tokens but also secure their funds from counterparty risks.
Free Trading, Unbelievable, isn’t it?
Trading with AirSwap is totally free.
Every trade on AirSwap is charged with no fees. On the other hand, should someone wish to become a maker and provide liquidity, he/she has to stake AirSwap tokens (AST). Simply said, makers on AirSwap need to be connected through API, which enables the system’s ability to read cryptographic signatures and execute orders. It may sound complicated, but everything is made clear in a set of documents on the website.
No Price Slippage
Since AirSwap allows makers and takers to have direct and mutual contact with each other until a wished price is settled between the two parties. Therefore, there will be no such scenario in which a side has to buy or sell tokens at a higher or lower price than expected.
Solid Security
Naturally, peer-to-peer trading is more protected than centralized trading as it involves no other parties during the processing of transactions. Furthermore, AirSwap is praised as the most secured decentralized blockchain exchange. The website applies a number of state-of-the-art technologies to keep orders running smoothly while preventing any danger from the outside.
Great Crypto Trading Interface and Support
AirSwap built a short and simple homepage with an advanced UX to assure the most convenient experience for traders. Even if you are a novice, don’t worry, you will find the site super simple and immediately get to know how to interact with the market.
In addition, AirSwap has gathered all know-how knowledge into a huge library, where traders can find an answer for their questions – from basic principles of blockchain to how to start trading on AirSwap.
Those tools will help users become familiar quickly with the exchange and can start to generate prospects right away. AirSwap also provides more topics in its blog and social accounts so that users can communicate with others on their own.
AirSwap Compared with Other Decentralized Exchanges (DEXs)
Started in 2017, AirSwap is one of the first decentralized exchanges that was introduced for crypto traders. It is also rated as one most worthy platform thanks to its simplicity, zero fees, and good security. When putting AirSwap beside its competitors, AirSwap has some advantages against its rivals. Although every decentralized exchange works based on peer-to-peer trading, not many platforms are able to provide that service at a high-quality level as AirSwap does.
AirSwap even adds more to encourage trading activities. One of the most amazing benefits is that AirSwap offers completely free services, while other exchanges such as Uniswap and Kyber Swap apply a rate of 0.3% for a trading fee. Besides, AirSwap already developed an own token AST to governance all processes. In comparison, Kyber Swap also has its native token $KNC, while no such token exists in Uniswap.
A Great Platform for Crypto Trading
AirSwap is a leading DEX for a reason. It has years of positive growth to show as proof of its viability, and it offers a cheap way to swap large amounts of tokens. Although P2P trading isn’t perfect, it is a great way to make direct token trades and avoid all the problems associated with centralized exchanges that take custody of a user’s tokens!
Tagged with: AirSwap • AST • CRYPTO TRADING • Decentralized Crypto No KYC Trading • Defi • DEX • No KYC Trading
