The transcend of Web2 to Web3 has hooked a lot of users, especially those who are considering decentralization as a game changer in the financial arena. The shift from the traditional centralized version of the internet has given ultimate power to a few conglomerates to run and control the system.
Although the advent of Web3 has disrupted various industries yet, it has also created various new opportunities for innovation and collaboration.
Bitget one of the leading cryptocurrency exchanges also aims to be the portal that transcends Web2 and Web3, connects CeFi and DeFi, and bridges the vast web of crypto. To fulfill the same, Bitget has launched a new feature on its platform, called “MegaSwap”.
MegaSwap has been introduced for users to trade or swap their digital assets and enjoy the best of both worlds.
What is MegaSwap?
MegaSwap is a new feature of the Bitget platform that bridges the gap between the freedom and diversity of DeFi and the security and ease of CeFi. It enables users to trade over 10,000 cryptocurrencies in a DeFi environment and enjoy the perks of both Web2 and Web3 worlds.
Once the users have access to their MegaSwap account they can access 10 important DEXs through 8 influential chains while staying on Bitget’s platform. As compared to centralized exchanges (CEX) that offer security and diversity via their products and services, decentralized exchanges (DEX) have also become a top pick for various investors recently.
The latter helps traders to get hold of various tokens in a time-efficient manner. However, due to a lack of protection with assets stored on DeFi wallets and a knowledge barrier for many users, DEXs have still not become a go-to form of trading amongst traders.
Thereby, MegaSwap has been curated to satisfy users with convenient and safe trading. The feature also enables users to enjoy a variety of assets and higher liquidity at the same time. All these have created room for users to incorporate a centralized trading experience in the DeFi market space.
In the words of the Managing Director of Bitget, Gracy Chen;
“MegaSwap is an important step taken by Bitget in building a safe, dynamic, and robust one-stop trading experience to reach the critical mass. Facing fluctuation and uncertainty in recent trading markets, we observe that users and investors long for the protection of assets without sacrificing convenience and performance. And MegaSwap provides the right solution to connect the dots, which enables users to enjoy the upsides of DEX and the heightened protection provided by Bitget’s system, along with our top-notch security measures and risk management, including hot and cold wallet separation, multi-signature wallet, Zero Trust security architecture and a lot more to protect user assets. ”
A multi-chain support system
To become a part of Bitget’s multi-chain feature, MegaSwap, users just have to activate their MegaSwap account and they are good to go. Once the account is activated, users can access the function of trading over 10,000 cryptocurrencies on 10 leading DEXs, such as Uniswap, Pancake, Curve, Sushi swap, and more.
Equipped with one of the best liquidity pools and empowered by diversified DEXs MegaSwap has a lot to offer to its users. At present, the latter supports transactions on 8 different chains, including ETH, BSC, Polygon, OP, Fantom, Klay, HECO, and OEC. Thus, MegaSwap is a one-stop solution for traders to fulfill their desire for cross-chain swaps seamlessly and efficiently.
Besides providing dual advantages of CEX and DEX, MegaSwap has been launched to smoothen users’ trading experience by streamlining the gas fee payment. Additionally, in comparison to simple DeFi trading, where traders prepare different chain-native tokens to pay for gas fees incurred from the transactions, MegaSwap minimizes the trader’s efforts by automatically converting gas fees from stablecoin balances in the user’s accounts.
Benefits of trading at Bitget
Bitget is known for its 3Ss, “Speedy, Seamless, and Supreme” quality trading service. Additionally, to provide users with a safe and secure trading environment, it offers some key benefits to its users which are as follows:
1. Stand-out products: Bitget has been at innovation and development since its inception and has some stand-out products that are in sync with the development trends. From providing users with one-click copy trading to trading without converting tokens, Bitget has a lot to offer. These innovative products have made Bitgtet one of the leading exchanges supporting USDC margin.
2. Top-notch security: Security and transparency have been the key goals of the Bitget platform. Traders at Bitget are entitled to risk control with hot & cold wallet segregation and 12 A+ ratings from SSL Labs.
3. Round-the-clock customer support: Bitget has a 24/7 multilingual online support system to address users’ grievances. Additionally, there is also 1-on-1 support for VIP customers and separate reward centers dedicated to the community. This results in increased user interaction and engagement.
Bitget, established in 2018, is the world’s leading cryptocurrency exchange with innovative products and social trading services as its key features, currently serving over 8 million users in more than 100 countries around the world.
The exchange is committed to providing a secure, one-stop trading solution to users and aims to increase crypto adoption through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi, the Italian leading football team Juventus, and official esports events organizer PGL.
To know more about Bitget, visit the following:
Disclaimer: This is a paid post and should not be treated as news/advice.