SideShift.ai Link: https://sideshift.ai
Since the inception of Bitcoin, one of the biggest criticisms levied against it has been its lack of anonymity. It is why many vendors on the darknet have turned to cryptocurrencies that are difficult to trace, such as Monero and Zcash, to preserve their privacy. But what if you have bitcoin and want it to convert to privacy- focussed coins anonymously? It is where SideShift.ai enters the picture.
But is SideShift the best exchange for you? For that, read this article and judge for yourself!
Sideshift.AI is a “No-Sign-Up Crypto Exchange.” Per this, it is a vital participant in the crypto exchange industry. While decentralized exchanges (DEXs) have helped with their extensive range of customer experiences, they’re incapable of providing advanced cross-chain trading options.
Centralized Exchanges also work but require you to use your personal information and store your IP address and identification keys elsewhere. Sideshift is counted among the few exchanges like ChangeNow, SimpleSwap, SwapSpace, and StealthEx that retain personal data and allow cross-chain trading.
The exchange layout is nearly identical to Changelly’s, except that there are no signup procedures. Instead, SideShift.Ai provides each user an “Account Secret” that contains a username/password combination and is stored in their browser.
If you intend on using SideShift more, it’s a good idea to keep your account secret for later. It can be found by going to the “Account menu” at the top of the screen and then scrolling down to the Human s Account Secret section. Click on the “Show Account Secret” to reveal it.
SideShift’s terms of service state that the platform is not intended to be used for users living in the United States, North Korea, Cuba, and Iran. However, you can still visit the website through VPN if you live in the countries mentioned above.
Features of SideShift.AI
No Signup is Needed
Decentralized cryptocurrency exchange SideShift does not require a signup or KYC process to use the service. You can select the currency you wish to send or receive and click the send button to complete the transaction.
To complete a transaction, you must type in your code and the amount that needs to be settled in XAI. You can also opt to enter a memo field in the deposit address to bring down the platform processing fee when depositing coins like XLM, XRP, LUNA, or UST coins, as the price of these coins may have different processing fees compared to any other conventional cryptocurrencies.
SideShift has a Native Coin
SideShift.io is a crypto exchange involved in the Drivechain open source project. The open source project advocates for alternative blockchains compatible with the BTC blockchain.
SideShift.ai’s native token is XAI, which evolved from the v1 SideShift token, SAI. SideShift.AI has announced that there will be only 210 million XAI tokens to be minted on the ERC-20 Ethereum. It is placed as an SLP (Simple Ledger Protocol) token, an ERC-20 token set on the Liquid inter-exchange settlement network.
XAI is available for purchase on SideShift.co, Bittrex, and Coinex. You can also purchase it on the decentralized exchange Sushi.com. The platforms have invited users to try XAI and have a referral program where a user is awarded an XAI on each referral.
Before, users were required to get a code to access SideShift.AI’s affiliate system. The revamped affiliate system allows you to make a profit on referred trades from your referral. Users can now make as much as 30 percent of the fees a user generates whenever they
introduce other users to the SideShift.AI affiliate program. However, a user must have a valid affiliate ID to access the affiliate program.
By signing up for the SideShift.ai affiliate program, you can receive access to its unique APIs. You can use these APIs to show and promote products and services or earn income by advertising on SideShift.ai.
You will earn tokens based on the amount of money you generate from every transaction. You may also make more by promoting SideShift.ai through your site if you have a high enough paycheck.
Usual minimums on other crypto exchanges are approximately $10, while the minimums can vary greatly depending on the particular blockchains traded. After looking at many prices, we’ve seen minimums as high as $50, where fees don’t justify the high demands the exchange sets.
SideShift, on the other hand, has far less minimums that are as small as $1 for different cryptographic currency pairs. This makes SideShift an excellent alternative for experimenting with new crypto-currencies and wallets without spending a significant sum of money on it, which is extremely useful if you’re a newcomer to crypto.
How Many CryptoCurrency Coins are listed on SideShift.Ai?
Sideshift.Ai’s sideshift.ai platform provides over 30 crypto assets that you can swap. Some of which are mentioned below:
Bitcoin Related Assets
- Bitcoin (BTC)
- Bitcoin Cash (BCH)
- Bitcoin Lightning (LN)
- Bitcoin Liquid (L-BTC)
- Tether ERC-20 (USDt)
- Tether Liquid (USDt)
- USD Coin (USDC)
- HonestCoin (USDH)
- Tether Gold (XAUt)
- FlexUSD (FLEXUSD)
- DAI (DAI)
Binance USD (BUSD) – SideShift.ai supports BUSD on Binance Smart Chain (BSC).
- Monero (XMR)
- Zcash Shielded (ZEC)
- Zcash Transparent (ZEC)
Decentralized Finance (DeFi) Cryptocurrencies
- Ethereum (ETH)
- Compound (COMP)
- Serum (SRM)
- Sushi (SUSHI)
- UniSwap (UNI)
- Yearn. finance (YFI)
- Wrapped Bitcoin (WBTC)
- Solana (SOL)
- Axie Infinity (AXS)
- Smooth Love Potion (SLP)
- Fantom (FTM)
Other Miscellaneous Cryptocurrencies
- Binance Coin (BNB) – the platform is compatible with BNB shifts on the Binance Smart Chain (BSC).
- Litecoin (LTC)
- Dash (DASH)
- Dogecoin (DOGE)
- FTX Token (FTT)
- Stellar Lumens (XLM)
- Avalanche (AVAX) – SideShift.ai supports AVAX on C – Chain only.
- Ripple (XRP)
What is the Processing Time for a Transaction on SideShift.AI?
SideShift.ai processes deposits automatically and sends funds to the user’s chosen address once the deposit receives one confirmation on the Blockchain.
Additionally, the platform supports Lightning Network (LN), allowing users to switch from BTC to any coin in just a few seconds. SideShift.ai does not hold any funds, and the duration depends on confirmation time.
Confirmation times can vary depending on transaction fees and congestion on the network. Higher transaction fees equal faster confirmation times.
Is SideShift.Ai Safe to use for the Deep Web?
As an alternative to centralized exchanges, Sideshift is a viable option. In addition, there is no KYC procedure or account creation required. This service has been around for years, making it safe and legal.
Furthermore, SideShift.ai has an active community on both Twitter and Reddit, demonstrating its safety.