We are pleased and proud to announce our latest collaboration with StealthEX . StealthEX is a non-custodial exchange that enables users to exchange over 670 assets quickly and easily.
What is A Non-Custodial Exchange
Custodial exchanges like Upbit.com and Gate.io are custodians of your crypto whilst it is on the exchange. This means the exchange is managing your private keys and is responsible for keeping your funds safe.
A non-custodial exchange, however, does not manage private keys, is decentralised and does not hold any user’s funds. Instead, smart-contract (protocols) are used to swap assets. Users connect their wallets to the smart contract and can then start trading.
How Does it Work
StealthEX does not require KYC and it does not ask you to create an account on its site. You don’t need to share any personal details at all. As the service is non-custodial, they do not track the geo-location of wallets.
There are no lower limits to the amount swapped. However, you must ensure you have enough funds to pay transaction fees.
Rather than using smart-contract protocols, StealthEXs core algorithm checks available providers for the swap and compares available rates. When the optimal rate is found, the swap is processed, and the coins are sent to the receiving address.
Conclusion
StealthEX is not a newcomer to the crypto scene. They have been around since 2018, and in crypto, that is a long time. The reviews on TrustPilot are very positive. The customer service, in particular, gets excellent reviews.
Their website boasts, “We have created a simple and minimalist user interface for everyone to be able to exchange cryptocurrency seamlessly”. In the interest of our community and SXP holders, we decided to put this to the test to see if they were right.
We found that the interface was indeed simple, the instructions were clear, and there were just 4 steps needed to make the swap. The transaction fees and the amounts to send and receive were clearly shown.
Overall the testing experience was very positive. All the swaps went through seamlessly without any customer service intervention.
We are very excited by the prospect of working with StealthEX and look forward to many joint marketing opportunities. Please check out StealthEX for yourselves and let us know how you get on.
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