ADVERTISEMENT

[email protected]

  • Submit Press Release
  • Submit Guest Post
  • Write for Kryptomoney.com
Latest Crypto News
  • News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Exchanges News
    • Regulations News
  • Price Analysis
    • Bitcoin (BTC) Analysis
    • Ether (ETH) Analysis
    • Ripple (XRP) Analysis
    • Litecoin (LTC) Analysis
    • Bitcoin Cash (BCH) Analysis
    • Binance Coin (BNB) Analysis
  • Industry
    • Events
    • Press Release
  • Start Here
  • Advertise
No Result
View All Result
  • News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Exchanges News
    • Regulations News
  • Price Analysis
    • Bitcoin (BTC) Analysis
    • Ether (ETH) Analysis
    • Ripple (XRP) Analysis
    • Litecoin (LTC) Analysis
    • Bitcoin Cash (BCH) Analysis
    • Binance Coin (BNB) Analysis
  • Industry
    • Events
    • Press Release
  • Start Here
  • Advertise
No Result
View All Result
Latest Crypto News
No Result
View All Result
Home Press Release

Freewallet launches anti-crisis off-chain exchanges with Changelly

Freewallet has joined forces with Changelly to combat the crisis by opening off-chain exchanges for a list of 54 coins and ERC20 tokens, including BTC, ETH, EOS, and LTC. Off-chain exchanges are executed in 2-3 minutes and characterized by better rates and enhanced anonymity

KryptoMoney Staff by KryptoMoney Staff
April 1, 2020
in Press Release
0
Peter Schiff
0
SHARES
93
VIEWS
Share on FacebookShare on Twitter

Off-chain exchanges are transactions in which digital assets are moved outside of the blockchain itself. By moving, assets outside of the blockchain users are able to enjoy three distinct advantages over on-chain transactions.

First of all, Freewallet customers opting to go off-chain will only have to pay for the exchange of their assets, without having to pay any transaction fees because off-chain exchanges don’t touch upon the blockchain itself. There is no reason to move assets to another cryptocurrency exchange and operate there because the exchange rates provided by Freewallet are as profitable as those at Changelly.

Secondly, off-chain exchanges are executed in 2-3 minutes because they do not depend upon the network load and number of transactions waiting in the queue to be confirmed, so there is no lag time. This advantage can play a significant role in a highly volatile market environment.

Third, off-chain exchanges provide users with enhanced anonymity, because transfer details are not broadcast publicly. Concerning on-chain transfers, it is possible to partially determine a participant’s identity by studying trading and purchasing patterns. However, even though off-chain exchanges are more anonymous, Freewallet, as a custodial wallet service, is capable of retroactively identifying off-chain exchanges by Request ID should anything go wrong.

“Freewallet remains one of my favourite wallet apps out there and our partnership continues to go from strength to strength. With the ability to perform off-chain transactions, Freewallet now performs at a much higher speed and the overall cost for the customer has, in turn, become lower. We will provide more assets in the future for off-chain settlement once interest in the feature has gained more traction” – said Eric Benz, CEO at Changelly. 

The whole list of cryptocurrencies for off-chain exchanges includes 54 coins and ERC20 tokens and probably will increase. The accessibility of each cryptocurrency should be clarified before the operation.

“We’ve been working with Changelly for a long time. Our successful experience together and mutual trust have allowed us to integrate off-chain exchanges into Freewallet and thereby further advance in our goal of providing the best service possible to our over 3 million users” – said Solomon Brown, Head of PR at Freewallet.

It’s worth mentioning that previously off-chain technology was integrated for fee-free transactions between Freewallet users. Additionally, concerning currencies that are not included in the off-chain program at the moment, Freewallet’s built-in-exchange remains available for transfers.

About Freewallet

The Freewallet Family was launched in 2016 and now includes 30+ standalone applications and Freewallet Lite – an HD wallet for iOS and Android. Freewallet: Crypto Wallet was named the third most popular online wallet for Android in 2018 and today supports 50+ coins and a vast range of ERC20 tokens on the web and for iOS and Android devices. 

For more information visit the Freewallet website: freewallet.org

The Freewallet mobile app: https://clck.ru/MjRhj 

Freewallet’s Twitter: https://twitter.com/freewalletorg

About Changelly

Changelly is a non-custodial instant cryptocurrency exchange, which means that no user funds are held on to by the service. Changelly acts as an intermediary between crypto exchanges and users, offering access to 150+ cryptocurrencies. The company’s mission is to make the exchange process effortless for each and everyone who wants to invest in cryptocurrency.

For more information visit the Changelly website: Changelly.com    

The Changelly mobile app: https://app.adjust.com/f3n0omi 

Changelly’s Twitter: https://twitter.com/Changelly_team 

Changelly’s Telegram: t.me/join_changelly

Previous Post

Bitcoin Off to Strong Q2 as it Ends Q1 Down Only 10%

Next Post

IEOs - Getting Your Tokens Straight To (And From) An Exchange!

Next Post
Token

IEOs - Getting Your Tokens Straight To (And From) An Exchange!

Recent Stories

What Will 2021 Hold for Bitcoin and Crypto? BTC Price Prediction and Events To Watch Out for by Mid-2021

What Will 2021 Hold for Bitcoin and Crypto? BTC Price Prediction and Events To Watch Out for by Mid-2021

January 14, 2021
Crypto Payment

PayPal Crypto Trading Volume Climbed $242 In One Day

January 14, 2021
Government of Pakistani Province Announces Launch of Bitcoin Mining Farms

Government of Pakistani Province Announces Launch of Bitcoin Mining Farms

January 14, 2021
halving

Google Data Reveals “Ethereum” Searches Hit All-Time High

January 14, 2021
BTC/USD

BTC Price Analysis: In a Return Rally BTC/USD Grinds Past $40,000 Amid Grayscale Bitcoin Purchase of $80M

January 14, 2021
Wunderbit Trading

Wunderbit Trading – Copy Trading Platform That Suits All 

January 14, 2021
bitcoin

Top 7 Open-source Code Bitcoin Wallets

January 14, 2021
Bitcoin

Bitcoin Institutional Investors Not Worried About Recent BTC Decline

January 13, 2021
Crypto Analyst

Crypto Analyst Predicts BTC Will Plunge Below $20,000, BTC Up Over 2.7%

January 13, 2021
DOT/USD

DOT Price Analysis: Massive Liftoff on DOT/USD to $10.98, On-Chain Data Indicates a Climb in Polkadot Volume

January 13, 2021

Email Subscription

Pages

About Us

Contact Us

Disclaimer

Get Latest Cryptocurrency And Bitcoin News

Privacy Policy

Write for Kryptomoney.com

Category

Events

General

Interviews

News

Price Analysis

Press Release

Sponsored

Information

About Us

Submit Press Release

Submit Guest Post

Contact Us

Social Icons

[email protected]

©KryptoMoney 2019 | Southridge Internet Corp

No Result
View All Result
  • Resource List
  • News
  • Price Analysis
  • Events
  • Press Release
  • Sponsored

©KryptoMoney 2019 | Ess Commerce Private Limited

  • bitcoinBitcoin (BTC) $ 36,487.00 8.07%
  • ethereumEthereum (ETH) $ 1,178.67 2.43%
  • tetherTether (USDT) $ 0.995098 0.64%
  • bitcoin-cashBitcoin Cash (BCH) $ 485.87 6.01%
  • binancecoinBinance Coin (BNB) $ 40.32 2.8%
Our websites require cookies enabled to provide you with an uninterrupted experience. Please continue without changing your setting to receive important notifications.I Agree