Switcheo Network is the first decentralized coin exchange to come out in the crypto world.
What are decentralized exchanges?
Decentralized exchange is a coin exchange market that does not rely on third party services to hold customer funds. Instead, trading takes place directly between users (peer to peer) via an automated process.
With the Switcheo network you can do the following: · Manage all trading of coins and give you experience on a centralized exchange with the security of a decentralized exchange · Have full control over your funds when trading on Switcheo. ·
With Switcheo's Dynamic Call function, NEP-5 tokens can be traded immediately after the end of the ICO. This allows you to trade tokens on demand. Steps in creating an account on the Switcheo network:
Download neon wallet.
- Click "Create New Wallet".
- Write down the password and click “Generate Keys”
- Save passphrase, public address, encrypted key and private key
- Go to switcheo. exchange
- Click Wallet Login
1. Download Neon wallet
Make sure you upload from the link above to avoid phishing websites. Since the switcheo network is a neo decentralized exchange, they use a neo-compatible wallet to enter into the exchange.
2. Click “Create New Wallet”
Click "Create New Wallet" to create a wallet in the wallet and you will be transferred to a page to enter your password.
3. Write down the password and click “Generate Keys”
Make sure you remember and save the password. Never tell this password to other people.
4. Save the passphrase, public address, encrypted key and private key
After clicking "Generate Keys", you will immediately be redirected to the page with the image above. You must save this image in a safe place because this image is the content of your private key.
The Public Key can be likened to the account number at your bank.
Private Key can be likened to your ATM pin number.
5. Go to switcheo.exchange
Make sure you click on the website that I provide to avoid phishing websites.
6. Click Wallet Login
Click the wallet login at the top right of the screen and enter the Private Key again from the Neo wallet that you have registered. Then click login to enter Switcheo Exchange.
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