The MaxSwap cryptocurrency custodial wallet team has announced a contest with a prize pool of $5000. Representatives of the project will randomly select five winners through a random number generator and divide the winning amount equally between them. You can participate in the contest until May 25, 2024. To participate, the user needs to register on the MaxSwap platform and fulfill the following
conditions:
● deposit digital assets with the equivalent of $100 or more;
● make an exchange of cryptocurrencies for any amount;
● invite a friend – the more users you invite, the higher the probability of winning. Each invited person should be added through a special form, after which you will get an additional chance to be on the general list of participants.
You can learn more about the contest conditions on the project’s Telegram channel.
Let’s take a look at the possibilities of the MaxSwap custodial wallet.
What is MaxSwap?
MaxSwap is a custodial cryptocurrency wallet that also allows you to convert digital assets and withdraw them into fiat. The team focuses on creating a simple and understandable tool for using cryptocurrencies.
The developers paid special attention to security and also provided their clients with 24/7 support service.
The service supports 20 digital assets, including Bitcoin, Ethereum, and XRP, as well as USDT and USDC stablecoins.
Platform users initiate more than 15,000 transactions daily. The MaxSwap ecosystem includes:
● MaxWallet non-custodial cryptocurrency wallet;
● built-in swap function for converting cryptocurrencies;
● fiat gateway;
● MaxProfit crypto-arbitrage system;
● Telegram bot.
The team also developed the MaxSwap mobile app to enhance the user experience. Versions for smartphones will be available soon.
How to create a MaxSwap wallet
There are two options for creating a MaxSwap wallet: through the website or using a Telegram bot. In the first case, account creation is done on the official website through the button “Register” in the upper right corner.
First, the system will ask the user to specify the nature of the new account, whether it is personal or for business purposes. Next, it is necessary to enter your e-mail, create a strong password, and specify your country of residence. Agreeing with the privacy policy and business conditions is necessary to continue registration.
After that, a confirmation email should be sent to the specified e-mail address. After clicking “Click to confirm email,” access to the platform-tools will be opened.
In the second case, select the “Create Wallet” option.
After that, the user can go to the Telegram bot to register their account. To continue, you need to click Send Message.
A message will automatically pop up in the dialog box, where the developers list the features of the cryptocurrency wallet and warn about the need to specify your email. You need to click Start to continue.
The bot will ask the user to choose a language convenient for the user: Ukrainian, English, or Russian. The user’s next step is to provide an e-mail and press “Confirm.”
Afterward, you should check your email for a password and click Confirm email.
When the user visits the bot, the system will offer a menu for managing digital assets. Transactions can be done right in the app, such as buying, selling, exchanging, and storing cryptocurrencies.
An alternative way to use MaxSwap is to go to the project’s website and log in to your account using your email and password.
Control panel overview
The MaxSwap control panel is intuitive for users of any skill level. There are only a few functional tabs and no complex architecture. On Dashboard, you can quickly sell and buy cryptocurrency and transfer assets from the exchange. The bottom part of the window lists digital assets and their number in the user’s portfolio. Opposite each of them are the options for operations with the assets.
The second tab displays the total cryptocurrency wallet balance in Bitcoin and USDT.
The third window is for purchasing cryptocurrency. Each asset has its own terms and conditions. For example, the minimum amount allowed to purchase a Tether stablecoin is 2 USDT.
In addition, the service works with various fiat currencies — from the euro and US dollar to Romanian lei and Polish zloty. The next option allows users to convert cryptocurrencies to fiat. Withdrawal options are limited to bank transfers and cards.
The fourth tab contains the swaps menu. This function allows you to exchange cryptocurrencies directly on the platform without using third-party services. This approach saves time and reduces possible risks that accompany the transfer of assets The same screen displays the history of swap operations performed.
How to buy cryptocurrency for fiat at MaxSwap
MaxSwap not only offers users a convenient platform to store cryptocurrencies, but it is also a fiat gateway. Purchasing digital assets for a MaxSwap user is simple and fast. Let’s take the example of buying USDT Stablecoin for euros. Go to the third tab of the dashboard – buying cryptocurrency.
In the “Currency” window, the asset to be purchased is specified (in our case USDT). Next, the user selects the network suitable for him – Ethereum (ERC-20) or Tron (TRC-20). On the right side are the details of the transaction. As soon as the user selects a fiat currency and specifies the amount to be invested in digital assets, the built-in calculator will automatically calculate the expected transaction volume. When selecting a payment method, there are about 10 options available:
● SEPA bank transfer;
● SEPA Instant transaction SEPA Instant;
● debit or credit card;
● Apple Pay;
● Google Pay;
● RevolutPay;
● Bancontact;
● iDEAL;
● Neteller;
● Bank transfer (available for purchase of some cryptocurrencies).
Conclusions
The rapid development of the crypto industry requires complex approaches to storing and exchanging digital assets. The MaxSwap service expands clients’ opportunities by allowing them to convert cryptocurrencies at a favorable exchange rate.
