Atomic Swap Wiki. How it works? Find out what is cross-chain trading

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How to perform an Atomic Swap

Konstantin Serov comment 0 Comments

Since Atomic Swap technology is a brand new in a blockchain world, some people have difficulties using it. In this short instruction we give our users a simple explanation of how it works on Swap.Online cross-chain wallet. It will give you an opportunity to exchange your crypto fast, simple and decentralized. From now on, you don’t have a need to send your money to a third party like centralized exchange – everything happens p2p – from one wallet to another. Safe and sound.

There are two possible ways to perform a swap
Create your own order and wait till somebody except it
Execute existing order

You can also try out our platform to find out how everything works in testnet, by creating your order from one browser and executing it from another. Since each and every account is connected to a browser and its local storage, it will mean you are performing swap between different accounts.

Important notice. For this example, I have used two browsers – Safari and Google Chrome. In Google Chrome I have created order, in Safari – executed this order. If you want to do so, you have to create order in one browser, execute it in another. Both browsers should be online.

Create your own order

From the main page go to “Exchange” tab or select the coin you would like to exchange directly

If you have chosen “Exchange” tab, then select direction of exchange (BTC-ETH the most popular, for example) and click “Show orders”

In case you have chosen certain coin, select the direction of exchange for this coin.

Now click the tab “Create offer”

On the next screen, choose the amount you want to sell. The amount you will get will be calculated automatically. You can also choose your own custom exchange rate. And click “Next”

Check that everything correct in your order. Click “Add”

Done and done. Here is your order. You can also check all your orders in “Show my orders” tab

Execute existing order

From the main page go to “Exchange” tab or select the coin you would like to exchange directly.

If you have chosen “Exchange” tab, then select the direction of exchange (BTC-ETH the most popular, for example) and click “Show orders”

In case you have chosen a certain coin, select the direction of exchange for this coin.

Now you are in the order book. Select the order for execution. Let’s choose order we have just created.
Important notice. For this example, I have used two browsers – Safari and Google Chrome. In Google Chrome I have created order, in Safari – executed this order. If you want to do so, you have to create order in one browser, execute it in another. Both browsers should be online.

Now all you have to do is wait, while an order is being executed. Once everything is done, you’ll see such screen

And such screen you will see in first browser — from which you have created your order.

Do you want some SWAP tokens? Perform an Atomic Swap with this instruction, and post it in your social media channels!

Swap.Online Essential Links

Website:https://testnet.swap.online
GitHub: https://github.com/swaponline
Email: team@swap.online
Telegram:https://t.me/swaponline
Facebook:https://www.facebook.com/Swaponlineteam
Twitter: https://twitter.com/SwapOnlineTeam
Wiki:https://wiki.swap.online/
Bitcointalk:https://bitcointalk.org/index.php?topic=4636633