Switcheo network is a decentralized exchange that first came out in the crypto world.
What is a decentralized exchange?
Decentralized exchange is a coin exchange market that does not depend on third party services to hold customer funds. Conversely, trade occurs directly between users (peer to peer) through an automated process. With Switcheo network you can do the following: · Manage all coin sales and give you experience in exchanging centralization (centralized exchange) with decentralized exchange (decentralized exchange) · Holding full control over your funds when trading on Switcheo. · With Switcheo's Dynamic Call function, NEP-5 tokens can be traded immediately after the ICO ends. This allows you to trade tokens on request.
Steps in creating an account on the Switcheo network:
- Download a neon wallet.
- Click "Create New Wallet".
- Write down the password and click "Generate Key"
- Save passphrase, public address, encrypted key and private key
- Go to switcheo.exchange
- Click Wallet Login
1.Download Neon wallet
Make sure you upload from the link above to avoid phishing websites. Because switcheo networks are neo decentralized exchanges, they use neo-compatible wallets to enter into exchange.
2.Click "Create New Wallet"
Click "Create New Wallet" to create a wallet in the wallet and you will be moved to the page to enter your password.
3.Write a password and click "Generate Keys"
Make sure you remember and save the password. Never tell this password to someone else.
4.Save passphrase, public address, encrypted key and private key
After clicking on "Generate Keys", you will immediately be redirected to the page with the picture above. You must save this image in a safe place because this image is your private key content.
The Public Key can be likened to the account number in your bank.
The Private Key can be likened to your ATM pin number.
5.Go to switcheo.exchange
Make sure you click on the website that I provide to avoid phishing websites.
6.Click Wallet Login
Click the wallet login on the top right of the screen and enter the Private Key again from the Neo wallet you have registered. Then click login to enter Switcheo Exchange.