Switchain

Introducing Switchain

Introducing Switchain

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Introducing Switchain

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Hello Crowdholders,

Today we would love to introduce ourselves. We're Switchain.

You are curious about who we are? Here are 3 facts about Switchain:

  1. Switchain is an instant non custodial cryptocurrency exchange.

  2. Our user user-friendly platform makes trading crypto easy and fast.

  3. We work with different cryptocurrency trading partners to guarantee the best cryptocurrency rates to our clients.

If you have used our platform let us know experience with Switchain, if not just lets us know about your first impression. 

 👉  Go to our website and Medium to learn more about us and then leave your comment below.

Looking forward to hearing your feedback.

Your Switchain team
 


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61 COMMENTS 166 VOTES

Most recent Most verbose

Al Wallace guru

Food and cryptocurrency blogger with a diverse interest in investment/ crypto

First time using switch chain but my initial impressions were pretty good. I love the fact that you do not need to make an account and although i did not actually swap any coinc i followed most of the process through which seemed to be quick and easy and I will definately bear switchchain in mind when trading in the future. I really like the fact that you are partnered with such big exchanges like Binanace and Poloniex, This adds a level of trust for me as a user which i really like, security and trust are EVERYTHING in the cryptocurrency trade industry and so many have had bad experiences so, like me, i am sure they are always looking for signs that a project can be trusted.

You seem to have a good number of listed coins as well which i did like although i wasnt always abe to swap for some of the more low marketcap coins. It would be really great to get the exchange to the point where you could literally swap anything for anything as long as they were listed on your partner exchnages, this would be my only small criticism but i am also aware this is possibly an impossible problem to solve as every other exchange i have come across of this kind has exactly the same issue. 

I like the simple design of your website too, the UI is very straightforward and sites like these are one of the main reasons i very rarely venture onto the bigger exchanges anymore. This site makes it so easy to swap and get your coins sent directly to your wallet where you can keep a close eye on them and store them offline or whatever you chosen storage medium is.

 

Best of luck with your project. It looks like it is doing well and with good reason. I wil definately use in the future

4 minutes ago

I have liked your website's design, it is very easy to use. Also you are explaining everything with your system to your users. Good point! I think you need to gain trusts that's all. I mean if i want to exchange my coins today i wouldn't use you website because i don't know you, you are new and that's why you need to gain trust. I would recommend you to get a telegram channel today, i checked your website but couldn't find your telegram address. Online telegram chats with project admins could gain you a trust. 

1 hour ago

I have visited your website and medium page. I believe you spend lots of time and worked with the real professional people to create this kind of great website. I really loved it. Price charts section is what was we need in a exchange which we can exchange our tokens very fast.

I know the Changelly website which website is similar to your website, i believe that yours is better because your website gives more information about the coins.

1 hour ago

I read this article completely about the comparison of most recent and preceding technologies, it's amazing article about Roblox gift cards

1 day ago

Rapheal Ngene expert

I will keep checking out new exchanges until I finally see the one that perfectly suit my needs, I have not started many but really love this one because of its looks and simplicity. Is there are revenue for users that have up to certain amount of money in their account. And if we can't keep our funds there were will it be and who will pay for network fee when ever an exchange is about to be initiated.

2 days ago

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2 days ago

It’s really good and easy to understand but I think the website is just to clean and not attractive to me. you can make the website more attractive buy adding more stuff but keep it simple they way it is. It’s easy to navigate even for people that doesn’t even know anything about crypto. You need to put charts instead of the one you guys have. I need for example more info (candle charts)and more indicators to see where de market is going and it should be live and also smaller time frame from 1,4,6,12hour charts. But I am really fan of the explanation that you get about the coins you want to exchange it for and Don’t change that it’s something that a lot of people will appreciate. I appreciate the information that I get about altcoins it’s really useful specially for people that doesn’t know anything about coins and trying to buy but now the have more information. I have not used this switchain but I will definitely use it in de future but first it needs few changes for me before I use it. I just need better website design and I need better chart System To see where the market is going. But even before I try to use it I need the exchange to take responsibility if something goes wrong, I don’t find any information about it if something goes wrong on the website or anywhere els. But it looks really really promising and I hope I helped by telling what I think the exchange need to get better.

2 days ago

Igor Silverio senior

Wow! I must say, switchain is great! Going through the FAQ was very informative not to mention a good number of different cryptocurrency even though there are still some that I expected to be enlisted, maybe in time to come it will be listed. My worry lies in the no account thing for you to trade, how secured will the transaction be without knowing a thing about the parties involved in the transaction? That's scary considering the increase rate of cyptotheft going ! In case you haven't notice. All the same "welldone "

2 days ago

I'm a total neophyte to cryptocurrencies, what is the benefit here? Cheaper transactions when swapping or just the anonymity of no registering for an account?

3 days ago

Karen M guru

That and it's fast.

3 days ago

Nice and neat. I love it. Its similar to ChangeNow. I just wish we could integrate our wallet to make it easier.

3 days ago

Hello. I have not used switchain as of yet. My first impressions are very positive. The blue creates a very calming effect in a field that is stressful and often frustrating. 

Scrolling down, the page is very informative and easily navigated. The exchange chart could use what the exchange rate unit is. It shows the rates but does not (or not readily found) what the unit being charged is..ie, ETH to PPT charges 500 and LINK to ETH is .576578 but none show clearly what the unit is.

I clicked onto the "About" page. Smooth loading. The ission statement is oddly worded for an English audience. It can easily be streamlined and changed to : Our Mission ; Help everyone make better decisions regarding cryptocurrencies. The change from "take" to "make" is a smoother word to use since it is a choice per the later "decision". 

 

Hope this helps but looks good.

4 days ago

Eva Williams new user

Wow! I must say, switchain is great! Going through the FAQ was very informative not to mention a good number of different cryptocurrency even though there are still some that I expected to be enlisted, maybe in time to come it will be listed. My worry lies in the no account thing for you to trade, how secured will the transaction be without knowing a thing about the parties involved in the transaction? That's scary considering the increase rate of cyptotheft going ! In case you haven't notice. All the same "welldone "

4 days ago

 "Our user user-friendly platform makes trading crypto easy and fast."  I totally agree with this point as the platform is very simple to use and in the blog link, there are many more information available to understand and learn. It is a good thing that you don't need to register an account for the transactions.
For a new user, I think, it is better to read the FAQ section completely and I think it covers everything that is there for them to understand on how to use or why to use it but also read the term and services as well.

" We work with different cryptocurrency trading partners to guarantee the best cryptocurrency rates to our clients." I have checked with some other sites from where I have bought the coins in the past and Just to inform you that the price rate that was shown in your platform was not the best one. I checked the BTC ETH pair.

In Term and services

"10. Switchain does not provide any warranty, either express or implied, to the User. " By no warranty does it mean that if anything went wrong Switchchain is not responsible If that is the case then; Why should someone use your site?

Well, I think in the "Terms of Service" you have to review it becaue It is more in the company favor and It needed to be balanced.

The Twitter account was created in 2017 but was less active in the past but since June 2019 It is more twitted and I hope it will be kept that way despite, the number of followers.

Facebook account can not be reached out. "Sorry, this content isn't available right now" either remove the facebook link or fix this issue.

 

4 days ago

Al Wallace guru

Food and cryptocurrency blogger with a diverse interest in investment/ crypto

I didn't realize you were over on Crowd holding too Muhammad. #Pynksters ✌

3 minutes ago

Kelsey Heard new user

I think the fact that we can use this crypto exchange without having to input any major details is awesome! there are so many sites and apps requiring way too much personal info for the smallest things which is ridiculous! Love it!

4 days ago

I like the fact that you can use the exchange without needing to register and account or provide personal information. I hope that is something you are able to keep up going into the future and not something you are forced to change due to regulatory issues.

4 days ago

Karen M guru

I agree about not having to register. Sometimes we just want read or do what we came for without giving our info

4 days ago

I am certainly after exchanges that have 100 or more coins because of airdrops.  The interface is fairly easy.  I suppose if you were wishing to add services explaining what the coins are and grouping things into categories would be interesting.  I read a comment about liquidity where you might want to partner with other exchanges.

5 days ago

I have visited the Switchain website and found that the site was very simple.
There was a lack of explanation on how to set the exchange rate and how much the fee of exchange. Additionally It was regrettable that there were just few kinds of cryptocurrency to be exchanged.

Switchain Twitter (https://twitter.com/switchaindotcom) and Medium (https://medium.com/switchain) can be accessed but Switchain facebook link not activated.

5 days ago

De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

Glad you saw that one too.

5 days ago

Its pretty easy to use and navigate through. Nothing better than staying in control of your crupto assets at all times! Best of luck! 

5 days ago

Karen M guru

Jefferson, you copied Ryan Olesen. Do you have your own thoughts?

5 days ago

Ryan Olesen expert

Have acted as an advisor on multiple blockchain & crypto currency related ICO's!

Its pretty easy to use and navigate through. Nothing better than staying in control of your crupto assets at all times! Best of luck! 

 

3-Stars ☆☆☆

5 days ago

I like the concept of instant swap exchange very much. In fact, I have just recently researched Kyber network. Regarding to switchain, I am not sure if it is a decentralized exchange (DEX) operating through smart contracts or if it uses a centralized proprietary system. What I find quite interesting is that Switchain accesses highly liquid exchanges like Binance (trough API), this almost guarantees best rates, while on the other hand you also pay higher fees (to Binance and the likes). But without the need to open an account with them and all the related hassle, like entrusting the exchange the private keys, your private data, KYC and eventually having to register on multiple exchanges. So I would like to turn to my question before: is Switchain actually a DEX? Since the recent crackdowns especially from US institutions for example on Shapeshift now registration is needed. Would expect this process will eventually be forced onto all actual companies, but DEXes can't be forced as these are not owned by any physical person. The best user interface is without registration process, fast and easy to use. While for exchange with FIAT KYC is required anyway.

Conclusion: The best way to go from a user perspective, in my opinion, is the following: buy BTC or ETH on a regulated and trusted exchange, send these coins to a cold storage wallet (hardware or software) and for all trading into other cryptocurrencies use instant swap, preferably DEXes or at least open source code.

6 days ago

It is different than a DEX. Most DEXs have users staying on one blockchain, and use on-chain transactions for trades. But our system automatically sends your coins upon receiving your deposit.

Keep in mind that the DEXs we have now are not fully decentralized but in their infancy stages. Some DEX's even require KYC. Current "decentralized exchanges" have different degrees of centralization (its often touted as temporary). Hopefully we move forward to a fully decentralized, atomic swap enabled, open source DEX. But we aren't really there yet (not that I know of at least). The CEO of EtherDelta was even arrested for his DEX. DEX's (as they are now) are not immune to the regulatory threat.

Yes, Shapeshift started to require KYC but other instant exchanges haven't. Including ours.

There have been instances of personal information being stolen from exchanges, another reason to be weary entrusting your KYC documents to any random exchange.

5 days ago

Thank you for your great answer. One question still remains: are automatic swaps on Switchain enabled by smart contracts?

2 hours ago

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Felicia Guevara new user

I havent had a chance to try it. But if it lives up to its word then this will definitely make crypto so much easier. Genuis to whoever had this idea.

6 days ago

I like the idea of bringing competition into the market of instain exchanges. In the future, especially exchanges wiwi tokens representing real world services may become mainstream. 

6 days ago

Raimon Dominguez new user

Content creator, Tech translator & Crypto lover.

I read the comments below and a lot about interface and use. My comment is about another important point for the site. LIQUIDITY I used other services like this one previously, usually these sites have lower amounts to support the exchanges. My first check is select 1 BTC and ZEC for exchange and after "load the best rates" the returned message was this: Switchain does not allow transaction higher than 0.860400 BTC. In my case is only a test, but for example, if some user wants to exchange 2 BTC he can't ... I hope this check can bring some light in your user's experience test and maybe improve the liquid for support exchanges with a little more big amounts.

6 days ago

Karen M guru

Good test. I'm glad you thought of that.

6 days ago

Have you had any with other instant exhanges like shape shift or CoinSwitch? It uses that sort of swap method.

You send the coin u want to swap and the coin you want is automatically sent by the system.

You don't keep your funds on Switchain like you can with Binance.

6 days ago

Raimon Dominguez new user

Content creator, Tech translator & Crypto lover.

Thanks, Karen M

5 days ago

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You are right about liquidity. Thanks for noting that. Right now, users would have to do multiple trades to satisfy a larger order. But of course this means more network fees.

We are also working on lowering our minimums as well. Thanks for the observation

6 days ago

Karen M guru

I'm fairly new at crypto so I haven't had many experiences. I've been on crowdholding a few months now. I had to create a wallet but haven't done anything with it yet.

6 days ago

Raimon Dominguez new user

Content creator, Tech translator & Crypto lover.

I used Flyp.me previously and it has limits on liquidity too. Is a hard point in this type of DEX

5 days ago

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De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

Nice for pointing this out. Most people like myself won't check because we won't send up to 2 BTC anywhere. Haha

5 days ago

TOM STEEL guru

The  site looks less crowded compared to the other crypto exchange site that I have come across, but will like more explanation on the non custodial part of the whole system. It is a good sexchangeystem and will like to say also that it is among the few exchange site that has a white background. Good work guys

6 days ago

Karen M guru

Lol great typo lol! This is why I keep saying we need an edit button.

6 days ago

De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

Haha. Karen you're so naughty. Sexchangeystem really rocks though.

5 days ago

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*any experience

6 days ago

Have you had any experience with other instant exhanges like shape shift or CoinSwitch? It uses that sort of swap method.

You send the coin you want to swap and the coin you want is automatically sent by the system.

You don't keep your funds on Switchain like you can with Binance.

5 days ago

Rapheal Ngene expert

I use binance.

2 days ago

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Vladimir Tolete new user

I like it. It is very easy to use. You just provide the crypto pair, and it will provide you with the best rate for the cryptocurrency you want to exchange for. In addition, you see the trend for that currency that you can configure based on the timeframe that you. It also provides a high-level definition of the currency, something that could help users who encounter the currency the first time.

6 days ago

Karen M guru

Would you compare it with other exchanges or just go with this?

5 days ago

mike dmann expert

I am excited about the future of all crypto currency.

Neat site. I like the simpleness of it. I like seeing upfront fees. I hope to see more alt coins in the future. I wanted to give some claps on medium  but it wanted me to sign up using Google or Facebook, no spankz! Hope you keep the option open for not having to sign up on the exchange. 

 

6 days ago

The goal is to keep it without sign up requirements.

It was a real disappointment when ShapeShift changed their policy. We hope to fill the void

6 days ago

Karen M guru

I agree. Too many sign up requirements.

5 days ago

De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

I don't know how others feel about this but when the homepage of a cryptocurrency exchange platform has this look...

.. I just like it. I instinctively know the exchange is akin to a wallet with a swap feature. Even though I haven't used it, I'm very sure transactions will be very quick because I have wallets that look exactly like this and they have never disappointed me. I must say though that you share a few similarities with Coinbase (as well as other exchanges) because they offer most of what you offer. What really differentiates you uniquely from the other exchanges?

I ask that question because I read the FAQs thoroughly but didn't see that. All the same, the FAQs answered a lot of questions I had on my mind. And the blogs! You do have some great articles on the blog webpage and they are up-to-date as well. Kudos! 

I also realized that the coins and tokens listed on your exchange have been carefully selected (they're coins with high-level performance, good branding and popularity). I believe this is to alleviate fear of scams and make the exchange authentic. However, this can be a big disadvantage to hodlers (or holders) of altcoins such as YUP. Can you please enlist YUP on the exchange? YUP only.

I must say that the Switchain UI and UX are quite professional. However, there's a little problem. The Switchain Facebook link leads to a blank page. The twitter and medium social media links work fine though. This is the facebook link: https://www.facebook.com/switchain/Please fix it. If we have to be invited to access it too, let us know.

I'm a big fan now. I will definitely be using the Switchain exchange.

 

6 days ago

The main difference between Switchain (and other instant exchanges) and Coinbase, Binance, etc. Is that you are not required to create an account to trade

6 days ago

De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

Oh that's some sort of relief. Too many sign ups and passwords on so many exchanges are becoming annoying.

5 days ago

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Karen M guru

I agree! It's simple and clean.

5 days ago

De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

Correct

5 days ago

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There are no fees on top of the rate that you already see.

5 days ago

De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

I should have taken note of that. Thanks for pointing it out.

5 days ago

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I went to your website and the site itself is good and pretty neat, clean design and easy to use for beginners. As you said that it is user-friendly, IT IS very user-friendly. Although I tried converting few coins, and the minimum transaction is kinda high for starters I think. If its possible for you, lower the minimum transaction then many users (specially starters) may will come to your platform to convert their coins. Well, that is only my insight though. Still, I will look forward to this team. Hoping for more development. And btw, there is an unavailable conversion when I tried it, like XRP to NEO. Ciao!

6 days ago

Thanks for switch chain give this award to us. This platform is very trustworthy and unlike other scam platform. I will try my best to complete the mission :)

6 days ago

Karen M guru

Wow! I'm impressed with what you have to offer! Not only is your website easy to navigate, but you put it all out there as far as fees etc. Sometimes we don't know what the fee will be till we make the exchange. Giving all information upfront is definitely helpful to the user so that's a a benefit for you. I didn't click on your mediumi link because I signed up with them about a month ago from another task on here. It seems like every time they email me & I show interest in an article, they want me to upgrade. I haven't clicked their upgrade link but I'm guessing it involves paying.

6 days ago

De Gem guru

Cryptocurrency enthusiast, avid reader, rapper and SDG advocate.

Oh, the fees! I think it's one of the things that really makes them unique from other exchanges. Good you mentioned it because I asked that question. Maybe they have other reasons too.

6 days ago

I will gladly try your website sir and may we reach our goal

6 days ago

Dean Walsh guru

Don't listen to me because of who I am, I'm nobody like everone else.

I like the fact that you can use the exchange without needing to register and account or provide personal information. I hope that is something you are able to keep up going into the future and not something you are forced to change due to regulatory issues.

The name and the website design are very good.

Overall my first impressions are very positive and I wish you lots of luck!

1 week ago