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Eduardo Tió Gómez
There are many culprits for the current bearish season of cryptocurrencies. From fork shenanigans to controversial stablecoins, everyone seems to have an explanation. However, one factor that both experts and enthusiasts agree is that the cryptocurrency space is not user-friendly enough for mass adoption. It's full of awkward interactions on too many different services with steep learning curves.
The best options are already available. From last year, a new cryptocurrency exchange aggregator called CoinSwitch It is helping users to convert more than 400 currencies to 45,000 matches. It could be one of the first components of what is now called Web 3.0: TO layer blockchain-based applications that make all the complicated blockchain infrastructure for everyday users simple and accessible.
For daily users
Most people lack the time to familiarize themselves with any separate service or cumbersome platform. It is easy to feel uncomfortable when using an unknown exchange for the first time. Some have inconvenient policies or become uncomfortable when it is time to withdraw funds. Not to mention the liquidity problems.
CoinSwitch puts the whole market at its feet. They can count on it as a meta-exchange where they find the best deals on the market in one place. The Most voted The service scraps data from all major exchanges to offer users the widest range of options for their transactions. These include IDEX, Bittrex, Bitfinex, Okex, KuCoin and Cryptopia.
It is also not necessary to trust a third-party portfolio service. CoinSwitch allows anyone to convert their holdings directly and anonymously from the security of their portfolios. They do not even need an account. Users only need to use a seamless pattern conversion transaction which also works from hardware portfolios like Trezor.
The CoinSwitch service is free on most transactions. Over three quarters of the listed bags do not charge the CoinSwitch users. Others collect only a minimum commission of 0.49%, at most.
For businesses
Users of all days are not the only ones to benefit from CoinSwitch. In addition to hardware wallet additions, the service API is already used by countless other blockchain projects. Game sites like Stake.com and Bearescape.io use it to give users an easy and secure way to top up their accounts. Likewise, CoinSwitch is launching a payment gateway where merchants can accept over 300 cryptocurrencies.
Already influential in the APAC region, the Bangalore-based startup has attracted funding from prestigious companies such as Sequoia Capital of Silicon Valley. CoinSwitch is founded by a team of professionals from Amazon, Microsoft and Zynga, who have managed to build the cryptocurrency exchange aggregator that serves the highest number of daily transactions.
For the Blockchain Community
The startup is also busy with the community of blockchain entrepreneurs and developers in general. CoinSwitch offers a custom cryptocurrency exchange that can be quickly integrated into any website without the need to encode a single line. Projects like Skycoin, Gobyte, Komodo, is Reddcoin have already taken advantage of this feature.
Services such as CoinSwitch are providing the foundation for a more accessible and user-friendly cryptosphere. One that is ready for mass adoption.
Disclaimer: this article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and its affiliated companies, employees, writers and subcontractors are cryptocurrency investors and may from time to time have holdings in some of the coins or tokens they cover. Please conduct your own in-depth research before investing in any cryptocurrency and read our full disclaimer.
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