What is the difference between exchange, instant exchange and atomic swaps?
Print
Created by: Atomic Support Support
Modified on: Tue, 2 Apr, 2024 at 11:00 AM
| Exchange | Instant exchange | Atomic wallet atomic swap |
Registration-free | No | Some of them | Yes |
Unlimited anonymous swaps | No | Yes | Yes |
Immutable operation | No | No | Yes |
Custody-free | No | No | Yes |
Guaranteed transaction time | No | No | Yes |
Transparent orderbook | No | No | Yes |
Atomic Wallet, including XRP Wallet, is a unique wallet that provides you with a various exchange options, such as Instant Exchange and Atomic Swaps.
1. Instant Exchange
Using "Instant Exchange", you can exchange your crypto to any other listed on Changelly. Once you swap the coins via Changelly or Shapeshift, your transaction gets processed automatically at the relevant rate. The rate remains volatile until the exchange process in complete. If a currency rate is unstable, the final rate may fluctuate and differ from the estimated one. For this reason, we would recommend to consider the risks before initiating a transaction.
2. Atomic Swaps Exchange
Atomic Swap is a p2p hash time-locked smart contract technology that enables to exchange one cryptocurrency to another without the need of a third-party. For example, you want to exchange some amount of BTC to another user that has LTC. All you need to do is to place an order in our decentralized order book. You don't need to register in any service or use some intermediaries like exchanges or swap platforms. Your bitcoins will be safely transferred to the Litecoin blockchain, so you will get back the equivalent amount ordered. Currently, we support only 3 pairs for Swap Exchange (LTC-BTC-QTUM). Atomic Swaps for ETH will be released soon.
Atomic is the author of this solution article.
Did you find it helpful?
Yes
No
Send feedback Sorry we couldn't be helpful. Help us improve this article with your feedback.