SimpleSwap system = Integrated into the largest cryptocurrency trading platform. There is no deposit deposit, only instant coin exchange in our service. So we can find the most favorable exchange rate for our users in a very short time.

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What is SimpleSwap.io?

SimpleSwap.io is a fast and secure transition service that provides simple crypto currency swaps without registering. SimpleSwap supports more than 300 coins, this is more than any other instant support service! And now we have launched our own token - SimpleSwap Coin as a Loyalty Program and Utility token to provide SimpleSwap customers the best experience.

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What is SimpleSwap Coin?
SimpleSwap Coins (SWAP) will work as a Loyalty Program and bring significant benefits to SimpleSwap customers. SWAP Token holders will receive cashback at the time of transition services, exclusive fixed rates, accelerated support and many other features!

About
The SimpleSwap team is happy to welcome you to our service. We have carried out a simple, safe and convenient cryptocurrency transfer process. Our customers don't need to create an account or save their funds on SimpleSwap.

We offer swaps of more than 300 cryptocurrency. Our team is always happy to add new coins to the SimpleSwap currency list and find new partners to make our platform better.

Our service provides two types of exchanges: the approval rate and the fixed rate. You can always choose the most suitable for you.

SimpleSwap offers a participation program with a 90% allocation to any crypto service that wants to complete the audience and use the new update options.

We make the process of transporting crypto currencies simple as a daily shopping trip. All so you can exchange what you want, anytime and as much as you want.

Abstract

SimpleSwap is a planned exchange of crypto currencies and service networks

its mission: is to provide solutions to the main problems currently faced by the crypto currency industry in general.

These problems include excessive dependence on a centralized system, lack of simplicity and transparency, limited user anonymity, and others. Contrary to cryptocurrency and should, these issues need to be ironed for meaningful opportunities for mass adoption of a digital asset decentralized economy.

By identifying these major problems and targeting them with simple and efficient solutions, SimpleSwap hopes to make the use of cryptocurrency available to anyone, anywhere.

SimpleSwap Solution

With the cryptocurrency industry's problems everywhere being widely reported, they have become known even to those who look from the outside. It's not difficult to see what problems need to be resolved, but the market still lacks a direct solution.

SimpleSwap aims to improve it with innovative exchanges and a planned service ecosystem. Below, we outline the most pressing problems and SimpleSwap fixes for them.

Depends on a complex and centralized system

Decentralization of cryptocurrency is a clear, inherent and most important advantage. This eliminates a single point of failure, making the whole system far more resistant to external attacks or internal failures.

However, most fiat-to-crypto gateways are paradoxically dependent on asset storage and transaction processing systems that are too complex and too complex. It introduces a number of problems which, in fact, can be avoided.

First, storing customer assets in a centralized exchange introduces a single target, very profitable - and thus tempting - for potential attackers. Real world experience shows that hackers are eager to take advantage of this, resulting in huge losses every year.

In 2019 alone, $ 4.26 billion in crypto was lost from various attacks, cryptocurrency hacking represented a major part of this amount. This problem is a constant presence since 2014 when Mt. Gox - a single cryptocurrency exchange - handles around 70 percent of the world's Bitcoin trading volume. This level of centralization, absurd by today's standards, is a perfect illustration of the problem of storing custodians of a single entity from digital assets: it has caused the loss of around 740,000 bitcoins in one hack, which will be worth around $ 7.5 billion as of September 2019.

Another problem that arises from dependence on a centralized system is unscheduled downtime. Whether as a result of DDoS attacks, third party service failures or lack of an internal code base, cryptocurrency exchanges are known to often experience unscheduled downtime, where customers cannot access their funds.

Unable to trade during this time, cryptocurrency traders lose millions of dollars every year in profit potential. In addition, unscheduled downtime is often misinterpreted as hacking or escaping from fraud by panicked users, many of whom withdraw their funds immediately after the exchange takes place. This introduces a series of problems, such as excessive fees paid by users to withdraw their money and loss of liquidity for exchange.

SimpleSwap solves this problem in a very easy way: it does not save user funds at any point in the exchange process, thereby eliminating the root of the problem.

SimpleSwap exchange is a non-containment exchange, which means that all trades are processed almost instantly. Funds of both parties are transferred directly to and from each other, without the need to deposit them on the exchange. This helps avoid making a single target that is very beneficial for potential attackers. In addition, the lack of an overly complex custodian storage system allows for much simpler maintenance, so that SimpleSwap's track record is proven to be 99% uptime.

Unresponsive customer service

The whole cryptocurrency industry and crypto exchange with it is growing fast - averaging out a few hundred percent per year. This uncontrolled growth is associated with great pain for users, due to the inability of exchanges to meet adequate customer service standards.

Lack of customer service staff, as well as lack of appropriate standards, lead to poor customer experience in almost all sectors. Users report waiting times of several days or, in some cases, even months for customer service to respond to their questions, which can result in large amounts of money being unable

The list of coins is limited

Intentional and unintentional barriers to entry are a major problem for new cryptocurrency that has not yet established themselves, also for people who want to invest or trade in them.

To create a new coin list, the crypto currency exchange needs to implement a series of actions needed, including but not limited to: ensuring adequate compliance with your customers and anti-money laundering regulations of their local jurisdiction, depositing and trading code bases, mitigating security risks, and other guaranteed by exchange specific policies.

The newly launched limited liquidity cryptocurrency, and thus the limited potential to benefit from trading costs, burdens the complexity of its registration, inevitably making all search affairs useful for exchange of crypto currencies. This natural barrier to entry sometimes results in another, intentional introduction of registration fees, which reportedly adds up to $ 2.6 million in some cases.

This is a problem not only for the creators of new cryptocurrency, but also for exchange customers, who are left with a very limited choice of coins to trade or invest. Running against the underlying decentralization philosophy, the availability of options was decided not by the majority of market participants, but by a small number of centralized entities.

There is no clear solution to the problem of the complexity of recording new coins, because this is natural. However, SimpleSwap still managed to offer more than 300 cryptocurrency for trading. In comparison, Binance, one of the largest exchanges on the market with a daily trading volume of nearly $ 1 billion, has nearly 170 coins on offer in September 2019.

SimpleSwap has achieved this by creating an extensive network of partners who contribute their listings and appropriate liquidity to enable fast exchange of coins listed on the partner exchanges.

How does SimpleSwap work?

The SimpleSwap system is integrated into the largest cryptocurrency trading platform. There is no deposit deposit, only instant coin exchange in our service. So we can find the most favorable exchange rate for our users in a very short time.

Benefits of Exchange

Various swap coins

SimpleSwap supports more than 300 coins available for exchange.

24/7 support

Our friendly and trained support team will help you compile you need it.

Reliable exchanger

We have no mass system failures. 99% of the time SimpleSwap is ready to use.

User friendly interface

We make the process of switching crypto currencies easy and convenient for everyone.

SimpleSwap Coin (SWAP)

How to get SimpleSwap Coin?

SimpleSwap Coin Supply

Roadmap

> Launch - APR 2018

> 100+ Coins Supported

> Public API - NOV 2018

> Fixed Rate exchanges introduced

> Affiliate Program Launched - JAN 2018

> 300+ Coins Supported

> SWAP token Launched - SEP 2019

> SimpleSwap Loyalty Program Launch - OCT 2019

> SWAP Listing on Major Exchanges - NOV 2019

> More features for SWAP holders

Exchange partner

Coin partner

Conclusion
If you are looking for a great project with ideas that can improve the SimpleSwap cryptocurrency industry is what you are looking for. Their idea has the potential to change the cryptocurrency industry and bring a new wave that will accept crypto.