SWFT Octopus Trade Crypto Exchange Review 2023 : Pros & Cons

What Is Crypto Exchange ?

A crypto exchange, short for cryptocurrency exchange, is a digital platform that enables users to buy, sell, and trade various cryptocurrencies like Bitcoin, Ethereum, Litecoin, and others for other cryptocurrencies or fiat money, such as US dollars or euros.

A crypto exchange works similarly to a traditional stock exchange where buyers and sellers can trade securities. However, instead of trading stocks, users on a crypto exchange trade digital currencies.

Crypto exchanges offer various trading pairs and different features such as market and limit orders, stop-loss orders, and other trading tools to facilitate trades. Some exchanges also provide additional services like digital wallets for storing cryptocurrencies and access to real-time market data.

There are many types of crypto exchanges, including centralized exchanges, decentralized exchanges, and peer-to-peer exchanges. Each has its own unique features and benefits, but all provide a way for users to access and participate in the cryptocurrency market .

What is SWFT Octopus Trade Crypto Exchange?

SWFT Octopus Trade Founded in 2017, SWFT Blockchain is a next-generation, worldwide cross-chain swap protocol and payment network. SWFT Blockchain’s technology combines blockchain, machine learning and big data to enable direct swaps between over 300 cryptocurrencies and counting. Offering a fast, affordable, and secure experience, SWFT Blockchain’s protocol allows users to swap cryptocurrencies at the best rates, in record speeds and with low fees. SWFT Blockchain is currently the go-to protocol for cross-chain swaps between DeFi and CeFi currencies, stablecoins, and more.

Information Table

How To Register At SWFT Octopus Trade Exchange?

To register on SWFT Octopus Trade, click Register Now button at the top of the page. You can also start creating an account directly through the form on the main page.

You only need to enter your e-mail and come up with a password. If there is a referral code, it is also entered at this stage. Password requirements: at least 8 characters, numbers, upper and lower case.

Click ” Create Account ” then go to your email to verify it. Enter the code you received and registration is complete. You can start replenishing your account.

SWFT Octopus Trade Exchange Supported Countries

SWFT Octopus Trade Exchange is a cryptocurrency exchange that supports users from various countries around the world. However, the availability of services may vary depending on the location of the user.

Exceptions are the US, China, Japan and countries in the Middle East. Syria and North Korea are also countries whose nationals cannot trade on SWFT Octopus Trade.

How To Verify Your SWFT Octopus Trade Cryptocurrency Account ?

There is no mandatory verification at SWFT Octopus Trade, but you can pass it if you wish. At the moment, the only restriction imposed on unverified users is the withdrawal limit of Free. In the future, depending on the actions of regulatory authorities, conditions may change.

For verification, you can use one of four documents to choose from: passport, driver’s license, identity card or residence permit. Artificial intelligence is used to evaluate the authenticity of documents. This service is provided by the Onfido online identification service, already used by the SWFT Octopus Trade, Revolut platforms.

How To Buy Crypto Or Deposit Crypto At SWFT Octopus Trade Crypto Exchange?

There are two main options for topping up your balance on SWFT Octopus Trade. Firstly, you can buy cryptocurrency with a bank card – it’s fast and convenient. Go to the ” Buy crypto ” -> ” Buy crypto with a credit card ” section.

Choose a cryptocurrency (currently there are 13 coins available for purchase in this way). Enter the amount and select the fiat currency to be used for payment.

After that, you will need to select a payment channel: each of them has conditions. You can choose between Simplex, Mercuryo, Banxa and Moonpay. Click ” Buy ” next to the appropriate option.

Agree to the terms and confirm the transition to the site of the payment provider. Enter information about the card and its owner, confirm the transaction. Cryptocurrency will be credited to the exchange account within a few minutes.

Second Method

You can transfer digital assets to the balance of the exchange from any external crypto wallet. For this:

• Go to the “Deposit” section from the “Assets” menu.

• From the drop-down list, you can select the cryptocurrency you want to deposit into your account.
• The wallet address will appear. You need to copy it and send funds to it from another wallet or exchange. Please note that only bitcoin can be sent to bitcoin addresses, similarly with other coins.
• You can also click “Show QR code” – for transfers from a mobile wallet, this is a more convenient option.

How To Withdraw Crypto Asset From SWFT Octopus Trade Exchange ?

Having completed all the necessary trading operations, it’s time to withdraw the received assets to an external wallet. Go to ” Assets ” -> ” Withdraw “. Please note that the operation is only available after enabling two-factor authentication in the settings. This is for added security and requires less than a minute, so don’t neglect this measure.

Select a cryptocurrency and enter the withdrawal amount. Each coin has its own withdrawal fee, for example, for BTC it is 0.00057 BTC. Click ” Output “. By default, the exchange processes applications three times a day, however, hourly withdrawals are available for Premium users. Also, the time of receipt of the cryptocurrency is affected by the workload of the blockchain network.

How To Secure Your SWFT Octopus Trade Account ?

There are several steps you can take to help secure your SWFT Octopus Trade account and protect your funds:

1. Make Your Password Secure: Make a strong password that is both unique and complex by combining capital and lowercase letters, numbers, and special characters. Avoid using phrases or information that is simple to guess, such as your name or birthday. To create and securely store complicated passwords, use a passphrase or a password manager.
2. Two-factor authentication (2FA) should be enabled: On your SWFT Octopus Trade account, enable 2FA. By asking you to enter a one-time code created by an authentication app or delivered to your mobile device via SMS or email, this adds an additional degree of protection.
3. Make Use of a Secure Email: Address Verify the security of the email address linked to your SWFT Octopus Trade account. Use a distinctive and secure email address. For your email account, enable 2FA to thwart fraudulent access.
4. Phishing Attempts to Avoid: Avoid visiting fraudulent websites, emails, or communications that purport to be from SWFT Octopus Trade. A website’s URL should always be double checked before entering your login details.
5. Update Your Password Frequently: To lower the chance of unwanted access, periodically change the password on your account. A password should never be used for multiple accounts.
6. Secure Your Devices: Ensure that the devices you use to access your SWFT Octopus Trade account are secure. Use up-to-date antivirus software and keep your operating system and software applications updated.
7. By taking these steps, you can help protect your SWFT Octopus Trade account and reduce the risk of unauthorized access to your funds.

Trade On Go SWFT Octopus Trade Is 100% Mobile Friendly

Modern mobile trading platform Trade On Go SWFT Octopus Trade provides consumers with a fluid and user-friendly experience for all of their bitcoin trading needs. This platform is entirely mobile-friendly because it was created with mobile users in mind. Without a desktop computer, its user-friendly interface enables traders to conveniently access and manage their cryptocurrency portfolios while on the road.

The platform provides a wide range of features, such as real-time market data, sophisticated trading tools, and a selection of different cryptocurrencies. Regardless of your level of experience, SWFT Octopus

Trade makes it simple for you to conduct trades, keep an eye on market trends, and make wise decisions all from the convenience of your mobile device. Users are able to take advantage of trading opportunities wherever they may be thanks to this accessibility, which allows them to stay connected to the cryptocurrency markets.

How To Contact SWFT Octopus Trade Customer Support Team?

If you need help with your SWFT Octopus Trade account or have any questions, you can contact SWFT Octopus Trade customer support through the following methods:

Web address for SWFT Octopus Trade: If there is one, start by going to SWFT Octopus Trade’s official website. Usually, their website has contact details, such as email addresses or a contact form.

Verify the contact details: On their website, look for a “Contact Us” or “Support” page. Companies frequently provide contact information for their customer care staff, such as phone numbers, email addresses, or contact forms.

Use Social Media: Social media usage Do a social media search for SWFT Octopus Trade on sites like Twitter, Facebook, or LinkedIn. Many businesses have social media accounts where they answer questions and offer customer service.

Phone: If you locate a phone number, you can call the company’s customer service department. Remember that they may have different operating times and time zones.

No matter which method you choose, be sure to provide as much detail as possible about your issue or question so that SWFT Octopus Trade customer support can assist you efficiently.

Features Of SWFT Octopus Trade Crypto Exchange

Available At Android & IOS Store

SWFT Octopus Trade Cryptocurrency Exchange exchange application available on both world famous mobile store google play store and iOS store . You Can download App and start trading.

Convenient Payment Methods

SWFT Octopus Trade accepts a wide range of payment methods, including UK bank transfers, debit cards, and credit cards.

Trading Pairs:

SWFT Octopus Trade supports a wide range of trading pairs, including BTC, ETH, USDT, USDC, and more. This allows traders to access a variety of cryptocurrencies and trade them against each other.

Low Trading Fees:

SWFT Octopus Trade charges low trading fees of just 0.03% for market makers and 0.07% for market takers. This makes it one of the most affordable exchanges on the market.

Staking:

SWFT Octopus Trade offers users the ability to stake their cryptocurrencies and earn rewards. This is a great way to earn passive income on your crypto holdings.

Affiliate Program:

SWFT Octopus Trade has an affiliate program that allows users to earn commissions by referring others to the platform.

Security:

SWFT Octopus Trade takes security very seriously and employs various measures to ensure the safety of user funds. These include two-factor authentication (2FA), cold storage of funds, and regular security audits.

User-Friendly Interface:

SWFT Octopus Trade has a user-friendly interface that is easy to navigate, making it ideal for both beginner and advanced traders.

Trading Tools:

SWFT Octopus Trade provides users with a range of trading tools, including advanced charting, technical indicators, and order types. This allows traders to make informed trading decisions.

Mobile App:

SWFT Octopus Trade has a mobile app for both iOS and Android devices, allowing users to trade on-the-go.

Community:

SWFT Octopus Trade has a vibrant community of traders and investors who share insights, tips, and strategies on the platform’s social media channels and forums.

24/7 Live Chat

If you’re awake, they are too. When you need help, your team of experts will work with you via 24/7 live chat to reach a quick and efficient resolution.

SWFT Octopus Trade Good Or Bad Points

SWFT Octopus Trade is a cryptocurrency exchange that allows users to buy and sell various cryptocurrencies. Here are some potential good and bad points of using SWFT Octopus Trade:

Good points:

1. Numerous Cryptocurrencies: SWFT Octopus provides customers with access to a variety of cryptocurrencies, allowing them to diversify their portfolios and investigate various investment options.
2. User-Friendly Interface: The platform is made to be user-friendly, so both new and seasoned traders can utilize it. The trading procedure is made simpler by the user-friendly interface.
3. Liquidity : High liquidity is necessary for effective trading. For well-known cryptocurrency pairs, SWFT Octopus might offer respectable liquidity, guaranteeing that customers can execute trades with little slippage.
4. Cross-Platform Accessibility: Users may use SWFT Octopus on a variety of gadgets, including web browsers, mobile applications, and desktop programs, making it practical for trading while on the go.
5. Swift Transactions: As the name implies, SWFT Octopus places a strong emphasis on swift and effective transactions, speeding up trade execution in comparison to certain other exchanges.

Bad points:

1. Limited Regulation: Compared to regular financial markets, cryptocurrency marketplaces are typically less regulated. While this might grant more independence, it also exposes users to dangers like fraud and frauds.
2. Volatility: The price volatility of cryptocurrencies is well-known. Asset values are subject to rapid fluctuations that could result in wins or losses for traders.
3. Inadequate Customer service: It may be difficult to resolve problems or seek help when needed due to some cryptocurrency exchanges’ inadequate customer service.
4. Fees: SWFT Octopus likely levies fees for trading and withdrawals, as do the majority of exchanges. These costs can differ and reduce profits, particularly for regular trading.
5. Market Manipulation: Cryptocurrency markets can be susceptible to market manipulation schemes due to their relatively small size and lack of regulation. Traders should be cautious and conduct thorough research.

Is SWFT Octopus Trade Is Safe Platform To Trade ?

Make sure the platform is authorized and governed by the appropriate financial authorities in your area. Regulatory oversight contributes to the security and accountability levels. Check out the platform’s reviews and testimonials from other users or traders.

To evaluate the reputation of the site, consult reliable forums and sources. Examine the platform’s security precautions, such as encryption, two-factor authentication, and the way they keep and guard customer cash.

SWFT Octopus Trade Conclusion

SWFT Octopus Trade it’s important to carefully research and analyze any investment opportunity before making a decision. Consider factors such as market trends, the company’s financial performance, potential risks and rewards, and your own investment goals and risk tolerance.

It’s also important to keep in mind that investing always carries a certain degree of risk, and there are no guarantees of profit or success. Therefore, it’s recommended to consult with a financial advisor or investment professional to help you make informed investment decisions based on your individual circumstances and goals.

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