After the bull run of 2017, the crypto world began to develop actively. And exchanges, as the main platform of any financial ecosystem, began to appear one after another. In everyday life, we are so used to centralization that it is sometimes difficult to imagine decentralized models for managing funds. We are ready to trust banks with our money, we are ready to trust social networks with our photos and our correspondence. And there seems to be nothing wrong with that. However, returning to the idea of Satoshi Nakomoto, we forget that the main idea of cryptocurrencies was to regain control of their funds to themselves. This is why the need for Decentralized Exchanges is growing every day. People are becoming aware of the need for safe control.
The Nash exchange is the decentralized oasis of crypto trading that allows your funds to remain secure.
The main currency of the exchange is Nash Exchange security token (NEX). NEX — is the first digital token fully registered as a European security. The token already has a practical application. You can buy NEX and block it on the platform, claiming a share of the exchange’s revenue.
But despite its decentralized base, Nash is not a place where “dirty” money is traded. Nash actively cooperates with financial regulators, actively fighting against illegal money laundering. KYC verification is required on the platform. This is really important! Let me give you a real example. If you didn’t know, the most popular stablecoin USDT, in its smart contract has the ability to block any address suspected of money laundering. You can be an absolutely honest person, but due to receiving illegal funds on an unregulated exchange, you will lose your funds forever!
The Nash exchange is not just an exchange interface with the ability to trade assets. This is a full-fledged ecosystem that is developing every year. Here is a brief overview of the products:
- Nash Exchange. Thanks to its technology, the speed of transactions and operations is not inferior to centralized exchanges. The exchange has a very pleasant and most importantly intuitive interface. Dark and light themes, as well as all the necessary settings for trading. I especially want to note the convenient search, without glitches and freezes.
2. Funds Management. In fact, Nash can be a great solution for storing your funds. You have private keys to all your assets and one shared key to your Nash account. This is also very convenient, because your funds are as liquid as possible, you can sell them in just 3 clicks.
3. Nash Mobile. A mobile app that has all the functionality of the browser version. Easy and intuitive interface, convenient infographics and of course the ability to make trades directly from your phone. You can also track the dynamics of your portfolio in the app.
4. Nash Pay. I will say right away that this product is still in development. However, after the launch, I am sure that Nash Pay will become the catalyst between online commerce and cryptocurrencies. Nash pay will allow online stores to accept payments in cryptocurrency, instantly and with zero commissions. Automatic conversion of cryptocurrencies through the Nash exchange at the most favorable rates. And of course, support for Fiat gateways for payment and trading directly in your country’s currency.
And in conclusion, I would like to show you how to manage your funds on the exchange.
After registration, to get full functionality, you need to pass KYC. After passing, you will have full access to all the functions of the exchange.
To start trading, you need to make a deposit the exchange’s balance. To do this, go to the “Assets” tab in the upper panel.
Select the desired cryptocurrency and click “ Send/Receive”
You will see a window where you can make any transfers. Let’s look at it in more detail.
In the top tab, you select the cryptocurrency that you want to perform the operation on. Below you have two columns “From” & “To”.
From is where the transaction will come from.
To - where we make the transfer.
This seems obvious, but some people have problems.
Personal account — this is your main wallet for receiving funds.
Trading conract — your trade balance, where all trades are made. To make trades, you must transfer funds from your Personal account to a Trading contract.
External account — external address. That is, any other wallet or exchange account.
Let’s say I want to make a Deposit in Bitcoin. I’ve never done this before and I don’t have BTC on my balance. So by choosing Bitcoin, I only have one option available: from External account to Personal account.
Below, I see the address of my exchange wallet, where I need to send my BTC from a third-party address.
Now that my Personal account has been deposited, I can send my tokens to a Trading contract or withdraw them back to a External account.
Please note! To send funds to a Trading contract, you need to pay a fee. Otherwise, the transaction will fail.
In fact, everything is very simple and clear. You should perform several operations once and you can do it all the time. I wish you successful trading on the most secure decentralized Nash exchange.