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Quickswap

Crypto Exchange

Decentralized

Quickswap is a crypto exchange established in 2020.

Quickswap

Overview

What is

Quickswap

Quickswap is a crypto exchange established in 2020. There are 126 coins and 574 trading pairs available on the exchange Quickswap

Quickswap

fees

Taker fee =
Maker fee =

Quickswap

supported currencies

126 Coins - 574 Pairs

Website
Quickswap
Twitter
@QuickswapDEX
Available in the US?
Year founded
2020
Accepted payment forms for
Quickswap
No items found.

Pros

  • No KYC needed
  • Built Polygon blockchain
  • Various pools with various profitability
  • Good customer support

Cons

  • Lack of testimonials
  • No order book

Features

  • Simple user interface
  • Earn rewards
  • Yield farming
  • High security
  • Quickswap was built based on the Polygon Layer-2 scaling solution

Quickswap

Review

What is Quickswap?

QuickSwap is built on the Polygon blockchain platform by Nick Mudge and Sameep Singhania in October 2020. It provides a Decentralized Exchange (DEX) experience for users to exchange tokens utilizing an Automated Market Maker (AMM) mechanism. QuickSwap has no order book because customers trade from liquidity pools, which are pools of tokens. Users can trade any pair with QuickSwap by bridging ERC-20 tokens from Ethereum to Polygon, as long as there is a liquidity pool for it. Anyone with a token pair can start a new liquidity pool and earn transaction fees from other users.

QuickSwap has a similar appearance, feel, and experience to Uniswap. Users are able to trade their currencies without having to register or go through any KYC (Know Your Customer) procedures. All you need to connect to the site is a wallet and MATIC to pay your transaction fees. QuickSwap is also open-source, and it relies on Uniswap's audited code for its trust and security.

In QuickSwap, you can make exchanges through the set of intelligent contracts running on the platform. You can quickly do the exchange through your browser; no signup is needed so you don’t have to provide any personal information. This set of smart contracts is sent out by the Ethereum Virtual Machine (EVM). The tokens are held in smart agreements giving them the ability to swap. This system doesn’t require a person or cooperation.

QuickSwap only tends many exchanges with the tokens in the Polygon Network. This system has been approved by many. Keep in mind that there are other tokens represented with ‘W’ as the initial.

These tokens are called Wrapped tokens, such as WETH (Wrapped ETH) and WBTC (Wrapped BTC). Stablecoins also have USDC and DIA withdrawn in fiat currencies, such as the US dollar and others.

You can easily make a trade using QuickSwap, through a browser-based wallet like MetaMask. Use the wallet to send tokens you are ready to trade. The system will fill out your order through the QuickSwap smart contract. If someone needs the tokens, the system will exchange and return your token to your wallet. The exact process used in sending the tokens will be utilized. 

However, it would be best to have sufficient liquidity to run this transaction, or the system will return an error message saying insufficient liquidity for this trade.

QuickSwap’s liquidity mining protocols aim to incentivize liquidity providers in creating a sustainable ecosystem. Users can generate rewards in Quickswap’s native governance token QUICK through the yield farming opportunities. These rewards are in addition to the rewards generated from transaction fees.

Liquidity providers can also list any new ERC 20 token pairs, that are currently not part of the exchange pool. Rewards will be paid from the fees generated through trades using these token pairs.

Year Founded: 
2020
Check out Quick swap now
@QuickswapDEX

Quickswap

FAQs

Is
Quickswap
centralized or decentralized?

Quickswap

is a

Decentralized

Crypto Exchange

Is
Quickswap
available in the US?

Yes,

Quickswap

is available for users in the United States.

No,

Quickswap

is not available for users in the United States.

How many cryptocurrencies does
Quickswap
support?

Quickswap

supports

126 Coins - 574 Pairs

How many collections does
Quickswap
support?

Quickswap

supports

126 Coins - 574 Pairs

Customer Reviews Of 

Quickswap