Extsy launched their exchange last week. It is a new solution to an old problem. How to get what you need out of a CEX, convenient and secure.
Extsy simplifies how you trade crypto with just the bare essentials. What you need done right, well, quickly, and securely. With instant swaps to peer to peer transactions, you get what you need and only what you need. Let’s check out Extsy.
Extsy is an exchange and more……. You can trade on your browser or on mobile with iOS or Android apps. One of its main services is cross-chain swapping. We know, as much as we don’t like to admit it, that this is one thing centralized exchanges do as well as or better than bridges. You can move funds easily from one chain into your account and take them out to another chain.
The swap feature works even if you don’t have an account, that’s a nice a plus. It goes with their API integrations. I’ll talk about that in a second. It covers many of the most popular tokens and networks, so you’ll get the performance you need.
There’s an active p2p trading market too. Here you can trade most of the top coins, while Extsy provides a safe escrow to protect your position in the trade. P2P trades are also the main way to use Extsy as an onramp. It’s how you exchange fiat for crypto. Or how to offramp to your bank in bigger currencies like Dollars or Euros. They also work with Banxa and some other providers for exchanging fiat for crypto.
One important note here is that the stablecoin Extsy supports is USDC. So make sure you have that available. Another great feature is the virtual card. See the video below.
With the virtual card, you can use it anywhere that accepts Visa OR Mastercard. That’s for online or in person payments. Plus, it integrates with Google Pay or Apple Pay. That’s all with no fees. This might be the best offering Extsy has, as even non-traders can just use the card feature for spending crypto in the real world. One thing is for certain. We need more of these types of solutions.
Coming soon to Extsy is a raffle game. In it, you buy the tickets with USDC on Base chain, so your USDC provides liquidity for traders. In return, you get to take part in random drawings and prizes. This brings an element of fun to trading on Extsy as well as a chance to show appreciation to the community for your support.
Extsy also has a robust API integration to add swapping capabilities to other apps and protocols that need them. This is a smart move, especially for those of us who see the future as multichain. After all, does it matter who performs your swap for you as long as it’s done right, at a good price, and safely? So we expect other apps to sign up to try out the Extsy integrations.
To help get the community more involved, Extsy has a Community Sprint and other tasks going on right now. There’s a 2500 USDC prize pool for doing basic stuff.
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Here on their Zealy board, you see some of the tasks are obvious, like:
The next tasks are all related to opening your account. There is a set of tasks for.
The Community Sprint ends on April 19th. You have a little less than 2 weeks, so I’d get started if you want to collect from the USDC prize pool.
As of last Friday, the 4th, the Extsy exchange is now open for business. You can sign up over the web or with the app from the Google or Apple app stores.
Extsy has other advanced services you can learn about like Premium or Ultra. These give you access to more services and greater rewards when trading, like cash back.
So if you need a new home for your trading, a cleaner simpler user experience or need API integrations for swaps on your app, then try Extsy today. Click on this link to get started.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.
We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence. This article has been sponsored by Extsy.
Copyright Altcoin Buzz Pte Ltd.
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