BasicSwap is a new privacy‐focused Decentralized Exchange (DEX) that supports PIVX. It allows trustless exchange between PIVX and Bitcoin, Monero, Particl, Litecoin, or Namecoin.

Because BasicSwap is a DEX, it can avoid the data‐leaking, risk‐inducing Know Your Customer (KYC) processes used by centralized exchanges. And the lack of a centralized controller removes a path to censorship and loss. If you can successfully run wallets of the two cryptocurrencies involved in an atomic swap, you can make the swap.

So how do you use it?

BasicSwap is a software you install on your own computer and interface with using a browser, like Firefox, Brave, or Chrome.

When you install BasicSwap, you configure it for just the coins you want to use. This is because BasicSwap runs wallets for all those coins. Particl is always included. So if you plan to use BasicSwap to exchange Monero and PIVX, say, you will run Monero, Particl, and PIVX wallets. CPU, memory, and bandwidth resources are required for each, and overall resource consumption grows with the number of types of coins you want to exchange.

With this in mind, you may want to run BasicSwap on a separate computer from your main working computer. For full control, this is ideally at your physical location to reduce the risk of unwanted access, but it could also be on a Virtual Private Server (VPS) that is more easily acquired and reliable.

In all cases, security matters, but should be considered in proportion to the value of the cryptocurrencies you plan to swap. If you plan to swap hundreds, rather than thousands or more, of USD value at a time, for example, a VPS could be a good choice because you are already trusting the VPS provider with your payments for that service. On the other hand, some atomic swaps require the swapper to stay online, and this factor could make a VPS a better choice.

Optional Use of a VPS

A PIVX user choosing to use a VPS for BasicSwap might consider hosting with Contabo. It is a cost‐effective hoster highly regarded in the PIVX community for supporting PIVX Masternodes. If you would like to go with Contabo, you can use the instructions for VPS acquisition for Masternodes. The same specifications for a four‐node VPS can be used for BasicSwap: 4 cores, 200 GB SSD, 8 GB RAM, and 32 TB Traffic. The OS can be Ubuntu 20.04.

Installing BasicSwap

After you have either acquired a VPS or secured a local computer, you are ready to install the BasicSwap software. To do this, largely (while incorporating the modifications discussed below) follow the instructions given. 

If using Ubuntu on Contabo, follow the instructions for Linux, which can be found under the Linux (vs. Windows) tabs on the instructions.

ABOUT BasicSwap

BasicSwap is a private, cross-chain trading exchange (DEX) with no central point of failure. It lets users swap cryptocurrencies like Bitcoin or Monero without restrictions or third-party interference.

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ABOUT PIVX

PIVX is an open-source and decentralized peer-to-peer currency. Featuring advanced user data protection features, community governance mechanisms, a Proof of Stake consensus algorithm, and multi-purpose Masternodes.

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What Is SWAP?

SWAP is the exclusive token used in TrustSwap’s products and services.

For example, SWAP holders (outside of the USA) can use SWAP to gain early access to new blockchain projects through TrustSwap’s Launchpad platform. SWAP is also the utility token that will power The Crypto App, which crypto users can use to keep track of their portfolios and monitor over 6,000 coins across 100+ exchanges. In addition, SWAP token holders also receive discounts on Trustswap-related service fees.

What Is Huobi Global?

Huobi Global is in the top 10 cryptocurrency exchanges globally, ranked by volume. Huobi has a 24-hour trading volume of more than $1.5 billion, according to CoinMarketCap.

Huobi receives more than 964,000 weekly visits, representing a significant portion of the weekly traffic to cryptocurrency exchanges. Huobi Global supports 50 fiat currencies worldwide, providing new and experienced cryptocurrency traders with easy access to cryptocurrencies.

Why Was SWAP Listed On Huobi Global?

The goal for any native token is to have it listed on as many cryptocurrency exchanges as possible. Listing on the top cryptocurrency exchanges by volume is a top priority because they receive the most traffic from potential buyers.

TrustSwap Partners with Huobi Global to SWAP token is listing on Huobi is in part recognition of our accomplishments in the cryptocurrency ecosystem and an understanding of our credibility in this space.

Ultimately, Huobi Global’s position as a top 10 exchange worldwide makes it an attractive exchange to list SWAP on. The substantial trading volume also will help make the SWAP token more accessible to our community members worldwide.

About TrustSwap

TrustSwap is a multi-chain DeFi-ecosystem providing services to both corporate and retail customers. With over 4.5 Billion dollars secured across 26,000 projects across ten blockchains, TrustSwap is a foundational pillar in crypto security. TrustSwap’s “The Crypto App” has over four million downloads, making it one of the most frequented crypto applications globally. The Launchpad offered by TrustSwap has securely launched over 40 projects.

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About Huobi Global

Huobi Global is a Seychelles-based cryptocurrency exchange that was founded in 2013. Huobi offers the buying, selling, and trading of 525 coins. Huobi has three entities; Huobi Global, Huobi Korea, and Huobi Japan.

The exchange is popular in Asia, specifically in South Korea and Japan. Huobi Group, in addition to providing exchanges, also offers other valuable services. These include Huobi Pool, Huobi Chat, Huobi Wallet, Huobi Capital, Huobi Cloud, Huobi Ecochain, and Huobi DeFi Labs, making Huobi one of the most well rounded and all-inclusive crypto projects. Huobi offers spot trading, derivatives trading, staking, and more.

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SOURCE:

https://trustswap.com/blog/trustswap-announces-swap-token-listing-on-the-huobi-global-exchange/

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