XcelSwap- A decentralized cryptocurrency exchange based on Binance Smart Chain has enabled an Automated Market Maker (AMM) model. XcelSwap operates in a decentralized manner without the involvement of any intermediaries and allows peer-to-peer secure online transactions. Users can earn passive income through staking, farming, or contributing to the liquidity pool on XcelSwap.
Cryptocurrency is ruling the world. With the rise in people's interest in crypto, there is a rise in demand for trading platforms or exchanges. A Cryptocurrency Exchange is a marketplace where users can sell, buy and trade cryptocurrency. There are two types of cryptocurrency exchanges that users can choose from: Centralized Exchange and Decentralized Exchange.
A Centralized Exchange is a marketplace that is operated by a company and acts as an intermediary/third party between buyers and sellers. This exchange holds custodial authorities and has an eye on users every transaction and move. They operate similar to banks and every transaction has to be approved by them.
Example: Kraken, Gemini, Coinbase, Binance, KuCoin
In contrast, Decentralized Cryptocurrency Exchange (DEX) is a market place which allows peer to peer, private transactions without the involvement of any third party or an intermediary. All transactions are managed through programmable secure smart contracts.
Example: XcelSwap, BakerySwap, PancakeSwap, 1inch Exchange, ApeSwap
XcelSwap is a decentralized exchange built on a blockchain that allows people to trade their digital assets. An automated market maker XcelSwap is unique, reliable, and secure.
Here are the three main distinguishing features that make XcelSwap unique to other centralized exchanges.
Prevents Hacking and Market Manipulation
Centralized Exchanges hold user’s assets which makes them a target for hackers and theft. Your funds could be lost. Unlike Centralized exchanges, XcelSwap allows peer to peer transactions without the involvement of any intermediary. Users don’t need to transfer their digital assets to the third party and remain with themselves This ensures safety to users from theft and hacking. Users can store their funds in their own crypto wallets.
Being a decentralized exchange, XcelSwap protects its users from fake trading and prevents market manipulation which is common in Centralized Exchanges.
Lower Transaction Fees
Centralized Exchange charges higher fees for their services which are distributed to third parties involved. The fee increases along with the large trading amounts.
XcelSwap, a secure decentralized exchange charges lower transaction fees. On XcelSwap, the trading fee is 0.25% of the total transaction amount.
Privacy and Anonymity
On XcelSwap, users don’t need to fill out Know Your Customer (KYC) forms or registration forms. Hence, user’s private and confidential information is not needed to be shared. This enhances the privacy and anonymity of users on a decentralized exchange. XcelSwap.
Whereas in Centralized Exchanges, users have to fill KYC forms and provide their information to custodial authorities so there is no privacy and anonymity.
These features are what make XcelSwap appealing to the crypto community who prefers secure, private, economical and reliable exchange for trading their assets.
If you are tired of custodial authorities keeping an eye on your every move and transaction, Change the way you trade with XcelSwap. Control your crypto funds yourself!