Fast Cross-Chain Swap

The Deep Encrypption Exchange provides a higher level of currency mixing solutions for users who pursue absolute anonymity and privacy. You can choose to exchange two or more currencies, adjust the obfuscation time, break the matching analysis and tracking on the chain by decentralizing the currency value and delaying the exchange, and basically eliminate the traceability and tracking of the blockchain. Step 1: Select the transaction currencyEnter the Deep Encryption Exchange page, you need to select the currency and the currency you want to exchange (the system defaults to 2, you can add it yourself). For example, you want to exchange Tether (USDT) for Bitcoin (BTC) and Ethereum (ETH). Step 2: Enter the transaction amount and delivery addressYou need to enter the amount of currency you want to convert. Please make sure you enter the correct amount in the "Send" field, this will ensure you get the exchange amount you expect to "Receive". In the "receiving address" field, you need to provide the wallet address for receiving Bitcoin (BTC) and Ethereum (ETH). Please make sure to enter the correct address to avoid loss of funds. Step 3: Choose a mix timeYou need to choose the mixing time. Mixing times range from 1 to 24 hours. The handling fee will gradually increase according to the mixing time. Please choose an appropriate mixing time and make sure the transaction information filled in is correct. Step 4: Initiate a transactionIf you confirm that the transaction details are correct, click "Exchange Now" to start the transaction. The platform will provide a Tether (USDT) address, and you need to pay to this address. Step 5: Wait for the transaction to completeAfter the payment is completed, wait for the Tether (USDT) network to confirm that the order is completed, and the order will take effect immediately. After the currency mixing time is over, the platform will automatically send Bitcoin (BTC) and Ethereum (ETH) to your receiving address. Step 6: View transaction historyAfter the transaction is completed, you can view your transaction records on the platform. This will display details like the status, transaction ID, transaction hash, and more for Bitcoin (BTC) and Ethereum (ETH) transactions. Please note that after Bitcoin (BTC) and Ethereum (ETH) are sent, they need to be confirmed by the blockchain before they can arrive.

Step 1: Select the transaction currencyOn the main page, you will see a simple interface where you need to choose the two cryptocurrencies you want to exchange. For example, you want to exchange Bitcoin (BTC) for Ethereum (ETH). Step 2: Enter the transaction amount and delivery addressAfter selecting a trading pair, you need to enter the amount of currency you want to exchange. Please make sure you enter the correct amount in the "Send" field, this will ensure you get the exchange amount you expect to "Receive". In the "Receiving Address" field, you need to provide the wallet address to receive Ethereum. Please make sure you have entered the correct address to avoid loss of funds. Step 3: Initiate a transactionIf you confirm that the transaction details are correct, click "Exchange Now" to start the transaction. The platform will provide a bitcoin address, and you need to pay to this address. Step 4: Wait for the transaction to completeOnce the payment is completed, it needs to wait for the confirmation of the Bitcoin network, which depends on factors such as the degree of congestion of the blockchain network. After waiting for the confirmation of the Bitcoin network, the platform will automatically send your ether to the receiving address. Step 5: View transaction historyAfter the transaction is completed, you can view your transaction records on the platform. This will show details like the status of the Ethereum transaction, transaction ID, transaction hash, etc. Note that Ethereum transactions may take some time to fully confirm.

Each user of the cryptocurrency when sending a transaction was faced with a network fee. The network fee is also known as miner fee or GAS. The fee is provided for transferring funds, performing functions provided for by smart contracts, transferring tokens. The reward is awarded to miners or validators.In most blockchains, network fees are quite low, but they can increase depending on the network load. The miner fee amount specified by the user when sending a transaction determines the priority of this transaction when adding to the next new block. The higher the amount of the fee, the higher the priority of the transaction for entering a new block.The CcsCash rate includes an exchange fee of 0.5% for a floating rate, as well as a miner fee to consolidate the incoming transaction and send the transaction to you. More detailed information about this is in our article How is the rate formed on the CcsCash. Miner fee is awarded to miners or blockchain validators for mining a new block.Why do we pay the miner fee?First of all, the miner fee encourages miners to mine new blocks and maintain a safe and stable operation of the blockchain. Using the computing power of computers or special equipment, miners process transactions and add them to the blockchain. Also, the fee is a kind of compensation for the costs incurred by the miner when mining new blocks: equipment, electricity. Another function of the miner fee is protection against spam attacks. Without network fees, attackers could create a huge number of transactions that the network could not quickly process. Miner fee provides protection against spam attacks and makes them expensive to implement.What factors affect the network fee?Current load on the network. The greater the load on the network, the higher the actual network fee. The load on the network can depend on many factors: the hash rate, a sharp change in the rate of the cryptocurrency, because of which users begin to actively buy or sell it, whether users are ready to pay more so that their transactions receive confirmation from the network before others.Transaction size. The size of the transaction does not depend on the amount of the transaction you are sending, but on the number of entries and exits of the transaction. Let's say a miner sees 2 transactions with the same fees. The miner is interested in having as many transactions as possible in the block, so he will choose a transaction with a smaller size. Your personal priority is whether you are willing to wait or need to get your coins as soon as possible. If you have a non-urgent deal, then you don't have to pay a high network fee. Sooner or later, the transaction will enter the block and receive confirmation from the network. If time is an important factor for you, it is recommended to set the actual network fee.How do I calculate the transaction fee?The easiest way is to use a wallet, which will automatically do it for you. Some wallets allow users to set their own transaction fees. If you want to set the transaction fee yourself, it is recommended that you familiarize yourself with the services that provide information about the current network fee before doing so.The miner fee in the Bitcoin networkWith a high network load and high demand for BTC, the average network fee increases, as users, trying to get the network confirmation faster, indicate a high fee. Because of this, users may face a situation where they sent a transaction with the current network fee, but while waiting for a new block, the network fee increased and the priority of the transaction became worse. The solution to the problem can be the Replace by fee function.The current fee of the Bitcoin network can be found on the mempool.space service.The miner fee on the Ethereum networkIn the ETH network, the principle of fee is different from BTC. To determine the size of the fee, the amount of computing power that will be needed to process the transaction is taken into account — GAS. The GAS price represents the amount of ETH that you are willing to spend on each unit of gas. It is measured in Gwei. The higher the price for GAS a transaction has, the higher its priority, which means it will get into the block faster.If the network's fee has increased dramatically, and the transaction has not received confirmation from the network, you can use the Replace by fee function. When sending ERC20 tokens, you must have ETH coins in your account, which will be used to pay network fees.The current fee of the Ethereum network can be found on the etherscan.io service.The miner fee on Binance Smart ChainUnlike Binance Chain, the fee on the BSC network is not fixed. The principle of the fee structure is similar to Ethereum, it also takes into account the amount of computing power that will be needed to process a transaction. The network fee is calculated in Gwei. Typically, the BSC network has very low fees.It is important to consider that when sending BEP20 tokens, there must be BNB coins in the account, which will be used to pay network fees. Otherwise, no tokens will be sent.You can get acquainted with the current network fee on the bscscan.com service.The miner fee in the Tron networkTRX network users can make transactions without fees.Bandwidth is required when sending TRC10 tokens. Every day, the account receives 5000 units of bandwidth. On average, sending a single transaction consumes about 250 units of bandwidth. As long as you don't burn all those free units of bandwidth, you can send transactions for free.When sending TRC20 tokens, in addition to Bandwidth, Energy is consumed. Bandwidth and energy can be increased by freezing TRX coins on your account. During this time, coins cannot be used.The number of consumed energy units depends on the complexity of the smart contract used. If there is not enough bandwidth, TRX coins will be used to pay the fee.

1. PhishingPhishing is a scam to obtain user identification information such as mnemonic phrases, private keys, and account login credentials. Both ordinary users and large companies have repeatedly become victims of phishing.The fraudster impersonates a well-known person or company in the crypto community, sends emails, creates fake websites or social networking accounts.For example, at the end of 2020, users of the Ledger wallet received letters stating that the servers were infected with malware and there was a risk of cryptocurrency theft. To avoid this, it was suggested to follow the link and download the security update. Inattentive users downloaded the update from a fake version of the Ledger website, and scammers received funds from victims.Beware of suspicious messages and emails that may contain dangerous links or attachments. Check your URLs for spelling errors or extra characters. If in doubt about the sender of the letter, contact the company directly through the contact details provided in a reliable source.Even if the email was sent from a real address, it can still be fraudulent. Be sure to check the URL before entering your logins and passwords.Do not follow links received from unknown senders.To avoid falling victim to phishing on social media, check to see if the person is who they say they are. Some social networks have indicators of authenticity.Protect your confidential information, do not give anyone your private keys, seed phrase, logins and passwords.2. BlackmailPerhaps this is one of the most common methods of extortion of cryptocurrency. The fraudster threatens the victim with spreading confidential information about her, which in theory can be true. For example, an attacker claims to have evidence of cheating or viewing prohibited content. By the way, scammers do not always have any important information about their victims. They often fake it.Among the scammers, there are especially creative individuals. So in 2018, a number of netizens received warning letters. The attacker claimed that someone ordered them to the killer, but if users send BTC coins to the specified address, the order to the killer will be canceled.If you receive such an email, the best solution in such a situation is to ignore it and not send the cryptocurrency to the scammer. Attackers send a huge number of letters every day, and most likely they have no information about you, and your mail is simply on their mailing list.If you feel a real threat from the sender of the letter, you should contact your local police. You should not enter into a dialogue and even less send coins to the extortionist. Such actions can lead to negative consequences.3. Fake giveawaysFraudsters, using famous names in the crypto community for greater persuasiveness, create accounts on social networks and many sites, buy YouTube channels, offering a bargain "send me coins and I will return you 10 times more." The user sends their coins, but gets nothing back.Do not participate in the distribution of cryptocurrency if, according to its terms, you must send coins to the organizer's address. The organizers of fair giveaways do not require funds to be sent to them.4. Fake exchanges Such services lure customers with very low fees, free distribution of coins or gifts. Often they attract with a very favorable rate, offering arbitrage between exchanges. Users use a fake service, but when trying to withdraw a significant amount, fake exchanges block coins. Such exchanges can exist for a long time and not attract attention, imitating the reality of a real exchange.  Be careful about your credentials and the sites you visit. Provide information about yourself carefully.Use different email and passwords when registering. It is extremely dangerous to use the same email and the same password, since if one account is hacked, attackers will be able to gain access to your other accounts.Bookmark the URL of the real exchange you are using. Always test it before use.5. Fake appsThere have also been cases when attackers created copies of existing applications or fake applications for platforms that do not have mobile or desktop versions. For example, in 2017, the Poloniex exchange app appeared. Users installed it by providing their personal data to scammers.Before downloading the application, check the information about the developer, the number of downloads, read reviews and comments.6. Pyramid schemeThe classic pyramid scheme has a very simple scheme. For example, the service promises 10% return on investment by the end of the month. You have invested $100 in the project. During this time, the investor is looking for a new client who also invests $100. After receiving money from a new investor, the organizer can pay you $110 at the end of the month. In order to pay the second investor, the organizer finds new clients. Investors make a profit only if new people come to the project and invest money.The pyramids have a number of common features: they guarantee a high income without risk, they persistently ask to bring new customers, the site does not have contact information and documentary evidence of investments. If the project has these features, it is most likely fraudulent.Before investing in an unfamiliar project, try to find as much information as possible about it. Take your time and do not fall for the beliefs about easy profit, study the reviews of real users.7. Fake tokensRecently, decentralized finance (DeFi) has become very popular. This attracted a lot of scammers. Attackers create fake DeFi tokens and add them to decentralized exchanges. Fake tokens have the same names and tickers as the original tokens.As a result, one exchange can have a real cryptocurrency and its copies. If you buy a fake token, the funds will go to scammers, and you will be left with a currency, the price of which is most likely equal to zero.Look for the token not by name, but by the address of the smart contract. You can find the original address on the project website or through cryptocurrency aggregators. For example, Coinmarketcap and Coingecko.Analyze the token smart contract information on etherscan, bscscan and polygonscan. Pay attention to liquidity and the number of transactions. 8. MalwareThe copy-and-paste virus allows scammers to intercept data from the clipboard. If you have such a virus on your device, then when you copy and then paste the address from the clipboard, it will be automatically replaced with the address of the fraudster.There are also ransomware viruses that can block access to important data on the device, threatening to delete it. To unblock, the victim is required to send cryptocurrency.Be sure to check the recipient's address before sending coins. Otherwise, if you have copy-and-paste virus on your device, you may lose your funds.Set up regular backups. If you encounter a ransomware virus, it will help you recover your files.If you suspect that your device has a virus, scan it with an antivirus.We have covered the most popular types of scams that both beginners and experienced cryptocurrency users can face. We hope that knowledge of these methods will help you protect your funds from loss.

What are stablecoins?Stablecoins are a type of cryptocurrency that is tied to the value of traditional valuable assets. It can be fiat money, precious metals, or even energy. The basis for stablecoins is the blockchain, on the basis of which the coins operate.The main task of stablecoin developers is to create a cryptocurrency that is immune to volatility and inflation, convenient for exchange for other assets, for buying goods, investing or storing capital. Stablecoins are pegged to an asset 1:1. Deviations are possible up or down, but they are insignificant.Who needs stablecoins and why?The relatively stable exchange rate of the US dollar against the currencies of other countries is already taken for granted. Inflation undoubtedly affects the dollar as well, but not significantly, given that there are countries whose currencies can lose their value by 15% or more per year.Stablecoins can be a great alternative for people living in countries with unstable national currencies and government capital controls.Also, stablecoins can reduce the number of intermediaries in the financial system, which will accordingly reduce the cost of paying commissions.A stable rate opens up many possibilities for users. People may not waste time and resources trying to preserve their savings. Stablecoins have a chance in the future to become the basis for the international market for lending and financial derivatives.Features of stablecoinsThe main advantage of stablecoins is stability. The price of a stablecoin directly depends on the real asset. There are fluctuations in the rate, but insignificant.Stablecoins are backed by real assets. This allows you to use them as an investment without fear that the currency may lose its value at any time.Popularization of cryptocurrency. Virtual currencies, backed by traditional money, inspire more confidence in investors.Disadvantages of stablecoinsStablecoin exchanges verify their clients. Part of the crypto community believes that one of their main principles suffers from this — anonymity.The first stablecoin, Tether, was created in 2015. Subsequent stablecoins have no original idea.Centralization — all support is with the project owner. Therefore, it is recommended to study the history of the company and its owner well before purchasing a stablecoin.Implementation of stablecoins in blockchainsUSDT was originally launched on the Bitcoin blockchain using the Omni Layer protocol. Today USDT is available on other blockchains including Ethereum, Tron, Binance Coin and EOSIO.Paxos is available on the Ethereum blockchain.USD Coin was originally available on the Ethereum blockchain. Recently blockchains Algorand, Solana and Stellar joined USDC support.TrueUSD is available on the Ethereum blockchain. Integration of TrueUSD with the Avalanche blockchain is planned for the first quarter of 2021.CcsCash currently supports USDT on the Ethereum and Tron blockchains. Paxos, USD Coin and TrueUSD are available on the Ethereum blockchain.

Exchanges and exchangers require a different number of confirmations when accepting deposits. Users often ask the question "Why so many?" This is due to two reasons: security or the desire of the exchange to retain users' funds.Safety of exchanges and servicesThere is a problem that multiple transaction confirmations help to combat: block splitting, which can lead to double spending.Branching of blocks — there is a possibility that several new parallel blocks can be formed simultaneously from one block. At this point, the transaction chain splits. When the complexity and length of chains are equal, preference is given to the one whose final block appeared earlier. Transactions that have entered only the bounced branch lose their confirmed status. These transactions can return to the queue and end up in a new block. But it also happens that unconfirmed transactions are lost. Traders and exchanges can set their own threshold as to how many blocks are required for funds to be considered confirmed.Double spending — repeated spending. Before the transaction is verified and completed, the funds remain in the wallet, which means that in the interval between sending the transaction and the fact of its completion after verification, a repeated payment is possible.Attack 51% — when an attacker captures 51% of the network's hash power. Sometimes a large amount of confirmations are required due to early incidents with a particular currency. For example, in 2018, a hacker attack was carried out on the Bitcoin Gold (BTG) hard fork. One solution to the problem was an increase in the number of confirmations required to withdraw crypto funds from exchanges. Bitcoin Gold developers have recommended to cryptocurrency exchanges and exchangers to increase the number of confirmations up to 50 blocks required to deposit coins to a client's account.Withholding fundsSome exchanges deliberately require a large number of confirmations in order to keep users' funds in their account as long as possible and dispose of them at their discretion. With the help of holding funds, the exchange subsequently conducts profitable transactions. For example, if a large amount of a particular currency arrives at the exchange, the owners of the exchange can sell that currency in advance.Also, retention of funds significantly complicates the work of people who earn on the difference in rates of different exchanges. This prevents them from making quick deals.