SimpleSwap’s 2023 overview: Summing up the year
In the ever-evolving landscape of cryptocurrency, the role of crypto exchanges has become pivotal. As the popularity of crypto continues to gain momentum, the number of exchanges has increased, offering a large selection of trading platforms.
However, the importance of choosing a trustworthy exchange cannot be overstated. Sometimes crypto space faces security breaches, fraud, and regulatory challenges. This is the reason for users to exercise caution and diligence when selecting a platform for trading.
The choice of a reliable crypto exchange goes beyond mere convenience; it is a matter of safeguarding one’s investments and ensuring a seamless trading experience. From robust security measures to transparent fee structures and regulatory compliance, the criteria for evaluating the trustworthiness of an exchange are multifaceted.
Unveiling the core achievements of SimpleSwap
In this article, we delve into the overview of SimpleSwap instant crypto exchange that does not require registration. This non-custodial service takes care of users’ privacy and does not store their funds, sending them right to their wallets. It also offers a wide range of assets available for smooth swaps. We will take a closer look at the recent updates the SimpleSwap team has worked on in 2023.
Product and partnerships
SimpleSwap has not only celebrated its fifth anniversary but has also undergone a transformative evolution to cater to the dynamic needs of its growing user base. One of the most significant updates includes an expansion of the platform’s coin offerings, with a noteworthy addition of new cryptocurrencies. Now boasting a list of 1500+ crypto assets, SimpleSwap has positioned itself as a versatile and inclusive exchange, providing users with cross-chain trading options. Now, there is a unique opportunity to swap Polygon, Ethereum, Bitcoin, Cardano and other popular and rare assets.
Beyond the expanded coin repertoire, SimpleSwap has diligently worked to enhance the user experience, ensuring speed, security, and added convenience. The platform now features an assortment of small yet impactful improvements, such as the introduction of favorite coins, repeat, and parallel exchange buttons, and the option to specify a refund address. These refinements collectively contribute to a smoother and more intuitive exchange process.
Moreover, SimpleSwap has prioritized accessibility by optimizing its API and unveiling a new DeFi API tool, offering Affiliates enhanced functionality and intuitive integration. Language barriers are also a thing of the past, as the platform now offers a translated website, confirming its commitment to serving a global crypto community.
Moreover, SimpleSwap has introduced an updated Mobile app, enabling users to engage in secure and swift exchanges on the go. It is an easy-to-use application for those who are not used to waiting and want to manage their crypto portfolio right away.
The platform has also launched an Invite system so that its users can earn BTC rewards by recommending the platform to friends. Anyone who has a SimpleSwap account can join and enjoy the passive profit from others’ completed exchanges.
For those looking to delve deeper into the intricacies of the Crypto World, SimpleSwap has launched a Learn Analytics section on its website, fostering a user-friendly environment for enthusiasts to become proficient in crypto trading.
In 2023, SimpleSwap stands as not just a crypto exchange but a dynamic ecosystem that continues to evolve and empower users on their digital asset journey.
SimpleSwap has also expanded its horizons beyond the digital realm. The team ventured into the heart of the crypto community, participating in two major conferences in Lisbon and conducting insightful interviews with industry leaders including Metamask, Gnosis, and Coinstats. This foray into real-world engagement underscores the company’s engagement in fostering meaningful connections and gaining valuable insights.
Simultaneously, SimpleSwap’s community has experienced noticeable growth, surpassing the 2 million impressions mark. The platform hosted five major social media events, attracting over 15K participants. To strengthen its community ties, SimpleSwap initiated a brand ambassadors program, amplifying its reach and solidifying connections with enthusiasts of the crypto space. The impact of SimpleSwap’s community efforts is evident in the substantial social media traction, with more than 30K mentions. This fact showcases the platform’s influence and resonance within the broader digital asset ecosystem.
As SimpleSwap continues to thrive and evolve, these community-centric initiatives highlight the platform’s dedication to creating not just a trading environment but a vibrant and supportive ecosystem.
Crypto World contribution
In a resolute commitment to achieving transparency and integrity within the Crypto World, SimpleSwap has played a grand role in several instances that underscore its dedication to ethical practices and user protection. When Binance encountered challenges in returning funds to both its workers and clients, SimpleSwap stepped in to assist, contributing to the restoration of funds.
SimpleSwap’s dedication to transparency was further exemplified when blockchain wallet provider Algorand faced a critical situation due to an exploit. Hackers, utilizing various crypto exchanges, attempted to liquidate stolen funds worth $9.2 million. SimpleSwap successfully stopped three transactions linked to the exploit, preventing the withdrawal of significant amounts in both ALGO and USDC.
Another instance occurred when a hacker targeted Terraport, draining liquidity pools and stealing approximately $2 million in crypto, including TERRA, LUNC, and USTC. SimpleSwap actively responded to the incident, contributing to mitigating the impact of the breach and stopping a set of transactions.
Last, but not least: the SimpleSwap team has helped with the return of a new transaction to victims of the Parity wallet hack: Swarm City, Edgeless Project, and æternity.
These instances emphasize SimpleSwap’s unwavering dedication to upholding transparency in the crypto sphere and participating in the effort to help both legal and physical entities.
Disclaimer: This is a paid post and should not be treated as news/advice.