Ulog: SimpleSwap, Instantly Swap Steem and SBD

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Hi guys this is your girl @ankarlie to share with you some cool steem related stuff that I recently found. Today I would like to share this exchange called SimpleSwap. As the name suggest the exchange is just a simple crypto swapping or exchange site. You don't need to share any of your information nor register you just have to input the crypto you want to swap, the amount you want to swap, the crypto you want to receive and the address where you want to receive them. That Simple!

It supports both Steem and Steem dollars. This is a great tool for people who finds it cumbersome and convoluted to try to go through the process of exchange the tokens themselves in a standard exchange.However, this type of convenience comes at a price to the tune of around 10% of the amount you want to swap. For a trader like me that is a bit high but for other people especially to newbies this is a valuable service.

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Although We already have a similar service called blocktrades it is always nice to have options and competition to bring out the best quality of their products and services. What makes SimpleSwap stand out is the number of pairing options on SimpleSwap compared to blocktrades.

Another advantage of SimpleSwap is the fact that you don't need to undergo KYC which blocktrades (due to regulations) reluctantly complied with. The service of SimpleSwap reminds me of Shapeshift.io when they still don't require KYC.

The site is still relatively new and another exciting feature of the platform they plan to roll out soon is their the affiliate program where affiliates get a percentage on each trade. With existing API the service can also easily be integrated with the different Steem interfaces or condensers say Esteem, Busy.org or Ulog for instant swapping features.

That is it for now guys. I hope you like what I have share with you today. Please don't forget to leave a like if you enjoyed or found my blog-post useful and resteem if you want to share with others what you have just read.

I would also love to hear your feedback about the article or if you migth have additional questions please don't hesitate to communicate with me via the comment section below. Have a good day guys!