Atomex Exchange (https://atomex.me/) is a hybrid decentralized financial exchange that was established using the underlying technique of atomic swap. This exchange was named after the atomic swap. The trader can conduct cross-chain transactions on this exchange, in which there is no need for a third party to be engaged. The numerous Blockchains allow for the currencies to be exchanged directly among one another. There is no need to pin additional coins in addition to that.
It is anticipated that decentralization of cross-chain operations would provide crypto traders with a greater sense of ease. Because it incorporates some elements of centralized exchanges as well as those of decentralized exchanges, it has the potential to be an excellent alternative to such exchanges.
At Atomex, the order book is generated at a separate location from where the liquidity providers are located. On the other hand, the process of carrying out the order is entirely decentralized. During the process of carrying out an atomic swap, the funds are moved from the wallets into the smart contracts or the Hash Time locked contracts directly.
Features of the Atomex Exchange
Table of Contents
The following is a list of the characteristics of the Atomex Exchange that set it apart from all the other cryptocurrency exchanges:
- You are in complete command of all the transactions, wallets, and cash associated with your account when using it. Everything is guarded by private keys, of which you are the only one who has access. Because atomic swaps are used for every transaction, there are no concerns about the system’s security.
- Going Incognito: You may immediately start utilizing this exchange and the wallet without any registration procedure. However, you must bear in mind that the addresses of all the devices you are using are being examined. This is something you cannot forget. This is done to ensure that there are no suspicious transactions or activities taking place on the exchange and to preserve the integrity of its security.
- You will not be charged any fees for the money that you deposit or withdraw since it is your money and you will not be required to pay any costs for it. The only charge that merchants are forced to pay is the miner’s commission. Other fees, like as transaction fees, are optional. It is the same for both ordinary transactions and transactions that include many chains.
- Websocket Application Programming Interfaces: The exchange provides Websocket APIs for both the wallets and the market makers. It is necessary for you to include the same for your own purpose.
- Providers of liquidity: The counterparty with whom you will trade is more than simply a trader; he is also a market maker, and he creates the market by providing liquidity to participants in the market. The operation of the Atomex Exchange looks like this.
- Extra Money: If you wish to generate some extra income, you may stake your Tezos tokens on the Atomex Exchange. This will allow you to earn some more cryptocurrency. Only this exchange is responsible for the development of Tezos coins.
Fees and Restrictions for Using the Atomex Exchange
Because the sole cost involved in using this exchange is paying the miners’ commission, the fees are almost nonexistent. There are no transaction fees associated with the depositing or withdrawing of currencies, tokens, or coins.
Currency pairs that may be traded on the Atomex Exchange
- Bitcoin
- Ethereum
- Tezos
- Litecoin
- USDT
- tzBTC
- wbBTC
- tBTC
Atomex Pros
- Inbuilt wallet with exchange
- Supports multiple cryptocurrencies
- No additional costs
- Superior protection
- Hierarchical deterministic
- Open-source
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