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| Product Name | Altcoin.io Decentralised Exchange |
|---|---|
| Fiat Currencies | - |
| Cryptocurrencies | *Note that while the platform is under development, it is expected to support BTC, ETH, REP, ANT, BAT, EOS, SALT, CVC, DNT, SNT & 20+ more |
| Deposit Methods |
Cryptocurrency |
| Trading Fee | TBA |
| Deposit Fees | TBA |
| Withdrawal Fees | None |
According to its “lite paper”, Altcoin.io has a mission to create a decentralized cryptocurrency exchange that leverages atomic-swap technology to perform fast, affordable and secure trades through smart contract-powered payment channels. Founded in August 2017 and still in development, Altcoin.io says its cross-chain decentralized exchange will be backed by 24/7 customer support.
On October 7, 2017, Altcoin.io completed the first Ethereum-to-bitcoin atomic swap, transferring 0.12345 ETH for 0.12345 BTC. Its atomic swap wallet release took place in early 2018, and there are a few more important dates still to come on the Altcoin.io roadmap:
Atomic swaps allow the exchange of one cryptocurrency for another without the need to trust a third party. First introduced as a concept in 2013, atomic swaps provide instant and trustless peer-to-peer trading between different digital currencies.
Altcoin.io will be available to crypto traders in a wide range of countries, including the US. If you’re viewing this page from somewhere other than the US and you’re not sure whether or not you’ll be able to access Altcoin.io, contact the platform’s support team directly for more information.
Decentralized exchanges offer key security benefits when compared to traditional, centralized exchanges. Rather than requiring you to surrender your coins and tokens to a centralized exchange, Altcoin.io allows you to retain control of your currency at all times. So if the platform ever goes down or is hacked, your coins shouldn’t be in any danger.
When you create a wallet with Altcoin.io, it comes with a unique key. A smart contract is created to lock away your funds and then put your wallet on a blockchain where only you can access it. Wallets are locked with a 12-word passphrase and encrypted with secure passwords for added protection.
In its “lite paper”, Altcoin.io also states that before taking its exchange live, it will conduct private third-party security audits to test the security of its wallets and exchange.
Of course, it’s worth remembering that this platform is still in development, and not until it’s live and has been tried and tested in the real world will we know just how secure it really is.
In its “lite paper” and on its website, Altcoin.io claims it will place a large emphasis on customer support. This includes a promise of 24/7 support team availability, though it’s not yet clear which contact methods will be available to anyone seeking help.
However, at the time of writing, you can get in touch with the company through social media platforms like Facebook, Twitter and Telegram.
If you’re interested in trading coins and tokens on the Altcoin.io decentralized exchange, stay up to date with news of the company’s upcoming platform launch later in 2018. Before the platform goes live, you can sign up for early access by providing your email address on the Altcoin.io website.
