MorphToken is an exchange platform that takes one crypto and outputs one or more cryptos that can be accessed through their website or on iOS through Cake Wallet.. The great thing regarding this exchange is that it operates without user accounts allowing its users to quickly exchange multiple assets.
Users can split one digital asset to many others
For instance, you are able to send XMR to receive BTC or you could send LTC to receive a percentage in BTC and another part in XMR.
Another scenario is that you are able to send ETH in order to receive 50% in ETH for address 1 and another 50% in ETH for address 2.
MorphToken accepts the following cryptos for the moment: Bitcoin (BTC), Ethereum (ETH), BitcoinCash (BCH), Litecoin (LTC), Dash (DASH), Monero (XMR).
The exchange is a really viable alternative to Changelly or ShapeShift. The exchange is instant and the only downside is the fact that there is a minimum amount of crypto that you can trade.
When a trade starts, the minimum amount accepted will be displayed.
If users send less than that amount, a refund will occur on the same day. Amounts below the network fee are not refunded.
Another thing worth mentioning is that a trade without a deposit is canceled automatically 2 days after it was created.
It is recommended to send as soon as the trade starts so that the seen rate and final rate are likely to be close and the amounts received will match the initial expectation.
Users’ security and privacy are valuable
MorphToken believes in users’ privacy and safety and therefore the company does not collect any user information. It doesn’t use any third party service either.
On the official website, the exchange states that it keeps logs regarding server activity such as IP addresses for a duration up top three months in order to manage the service and track issues involving request time, errors and other functionalities that are required by the exchange in order to operate.
In today’s cryptoshpere where there are plenty of exchanges that hold users’ funds, MorphToken is one of the best alternatives that crypto enthusiasts currently have which values users’ privacy and safety Morphtoken which is built into Cake Wallet is the ideal solution.