Giving CoinGecko's KyberWidget a Try!steemCreated with Sketch.

CoinGecko Kyber Widget.png

Source

It has been busy the last couple of weeks but I have had one thing on the top of my to do list for almost two weeks now and that has been to try the CoinGecko KyberWidget to exchanges ERC-20 tokens instantly without needing an exchange or any type of signup. I have been a fan of CoinGecko since they joined #STEEM as I think they have had a refreshing approach to consolidating information for many of the available cryptocurrencies. The insight provided by their website is superior to others I have seen since started my enthusiasm for blockchain technology. They have also become a committed contributor to the #STEEM community which is great given the opportunity we have to present how great we are building the ecosystem to be.

Before I even considered trying this out, I did some research on what I needed to try this out as I have always been hesitant to opening up accounts or evening signing up using my email for anything these days. I was quickly sold on these feature as it provided support for hardware wallets which I think is great to ensure added security when transacting any time of cryptocurrency. I also cannot forget to admit that I kind of want to compete for some of the great prizes as part of this contest; I enjoy putting crypto-related stickers on my computer as I am traveling as it often encourages interesting discussions in many places.

Swap 1.png

Screenshot taken from CoinGecko Website

So I start by choosing what asset to swap and although there were a number I was interested in, given the small amount I was going to test this with, I wanted to use one that I already had in my portfolio. So, I decided to go for 0x (ZRX) as it continues to be one of the most interesting decentralized exchanges out there that has made some great progress, including being listed on Coinbase. Sorry that it may be a competitor of the Kyber Network but I think there is more than enough room for these decentralized exchanges as they move forward in innovating new ways to improve the user experience. I think this is what Kyber and CoinGecko had in mind in doing this, as it seemed very straight forward (until the end).

Swap 2.png

Screenshot taken from CoinGecko Website

Once you select the Swap option located near the asset name, you then select the tokens you are wanting to swap. I decided to use my experimental Ether stash to swap for some ZRX. After choosing the amount, you can select agree to terms to continue to the next step. Advance settings get into the GAS limits you want to set for fees but I almost always use recommended settings as a personal preference.

Swap 3.png

Screenshot taken from CoinGecko Website

Then, you select how you want to import your address. This was the greatest part as I could use my Ledger Nano S almost seamlessly to use the security of the wallet to make this transaction. This is great for those of us that hate to use passwords for log ins online and provides for a quick and easy way to secure funds. At this time, you will need to also connect the hardware wallet and unlock it for use.

Swap 4.png

Screenshot taken from CoinGecko Website

This will then detect the balances from the address path you select. You can then select an address to use for the incoming swap.

Swap 5.png

Screenshot taken from CoinGecko Website

When you press continue, it will take you to a confirmation screen to review the details of the transaction such as amounts and fees.

Swap 6 - Error.png

Screenshot taken from CoinGecko Website

Unfortunately, this is when I got the error seen above. I thought I had done something wrong so I tried again with no success. I also tried with another asset but ran into the same message that did not allow me to complete the swap. I have a theory that it has to do with the “Select HD derivation path” I selected as it did not list the Ledger however if I choose the Ledger path, it would not return my address balance. I continue to research this and hope that this post could also serve for some troubleshooting on this.

While I could not complete the swap due to the error above, I think that once pressing the confirm button, it would be instantly completed which is an easy interface that I would surely use more often; particularly as token options expand. The fact that you can complete your research and transact all in one place is a great option for those interested in having access to these tokens. I look forward to being able to complete the experience so look forward to some guidance in the comments below.

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DISCLAIMER: The information discussed here is intended to enable the community to know my opinions and discuss them. It is not intended as and does not constitute investment advice or legal or tax advice or an offer to sell any asset to any person or a solicitation of any person of any offer to purchase any asset. The information here should not be construed as any endorsement, recommendation or sponsorship of any company or asset by me. There are inherent risks in relying on, using or retrieving any information found here, and I urge you to make sure you understand these risks before relying on, using or retrieving any information here. You should evaluate the information made available here, and you should seek the advice of professionals, as appropriate, to evaluate any opinion, advice, product, service or other information; I do not guarantee the suitability or potential value of any particular investment or information source. I may invest or otherwise hold an interest in these assets that may be discussed here.

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Ox was one of the first coins I owned...that's when I believed in Ethereum. Nevertheless, Ethereum is still a household name.

I think it has a great decentralized option out there today.

Great utility in transacting as it seems you don’t even need an email or verification! Hope you can figure it out!

Posted using Partiko iOS

I so far have not had to provide email nor any type of information which is great for a quick swap!

Greetings, very good information, pity that you could not make the change .. I wanted to know what other pages you can recommend me to win cryptocurrencies without investing ... so steemit type ... or reliable fauces .... thanks in advance. 😊

I really do not trust sites like those that but I think Steem is the best out there. The other thing that many are doing are watching for those platforms that are given token holder airdrops like NEO and EOS. There are also many projects here on STEEM that are developing Smart Media Tokens (SMTs) that are already being distributed outside the blockchain but will eventually find their ways onto are wallets here. For example, @actifit is providing tokens to fitness activity whereas @steemhunt is providing tokens for a number of activities related to their App. Many options in reality!

Thanks for posting this and telling us about this.

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Always great to share great utilities with the community! Also just saw that @steemmonsters will be providing Steem power for those who purchase booster packs! Truly exceptional projects that will benefit the community over time!

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