How To Buy Anyswap (ANY)?

A common question you often see on social media from crypto beginners is “Where can I buy Anyswap?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process. 

Step 1: Create an account on an exchange that supports Anyswap (ANY)

First, you will need to open an account on a cryptocurrency exchange that supports Anyswap (ANY).
We recommend the following based on functionality, reputation, security, support and fees:

In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.

Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.

Step 2: Deposit funds into your account

Many cryptocurrency exchanges will allow you to purchase Anyswap (ANY) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.

Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.

Step 3: Buy Anyswap (ANY)

This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for Anyswap (ANY) or Anyswap (ANY) trading pairs. Look for the section that will allow you to buy Anyswap (ANY), and enter the amount of the cryptocurrency that you want to spend for Anyswap (ANY) or the amount of fiat currency that you want to spend towards buying Anyswap (ANY). The exchange will then calculate the equivalent amount of Anyswap (ANY) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of Anyswap (ANY) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.

For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

Simplecryptoguide.com

What Is Anyswap (ANY)?

Anyswap is a decentralized cross-chain swap protocol that runs on four different networks. Anyswap allows users to effortlessly swap tokens across these networks using its Automated Market Maker (AMM). Anyswap specifically support coins on blockchains that are compatible with ECDSA or EdDSA signature algorithms.

Anyswap launched on the Fusion blockchain and leverages its Decentralized Control Rights Mechanism (DCRM) to create interoperability.

This allows Anyswap to integrate itself onto multiple blockchains such as the Ethereum (ETH) network and the Binance Smart Chain (BSC). Due to the capabilities of DCRM, Anyswap can offer more secure, cheap, and robust swaps in comparison to many competing cross-chain swap protocols.

Overall, the technology allows Anyswap to create a completely decentralized platform that supports cross-chain swaps and a token bridge.

Anyswap protocol supports the following features:

• Decentralized Cross Chain Bridge— Users can deposit any coins into the protocol and mint wrapped tokens in a decentralized way.
• Cross Chain Swaps — Users can immediately swap from one coin to another.
• Programmed Pricing and Liquidity— Liquidity provider could add and withdraw liquidity into swap pair. The programmed pricing system is based on the liquidity provided.

What is the ANY Token?

ANY is the governance token for Anyswap, and it is issued to users on the Fusion Chain. Users who own this token will be able to vote on a variety of issues regarding the protocol. Anyswap team has announced the following use-cases:

• Vote for adding supported chains
• Vote for electing Anyswap working node (AWN)
• Vote for changing governance rules proposals

How Many Anyswap (ANY) Tokens Are There in Circulation?

When it comes to the maximum supply possible, Anyswap’s supply cannot exceed 100 million. It has a circulating supply of roughly more than 17 million. The initial supply of ANY was 15 million, including 5 million in initial liquidity provision upon the launch of the platform. The remaining 10 million was earmarked for the community and ecosystem to increase Anyswap’s user base, among other things.

What Makes Anyswap Unique?

Anyswap is powered by Fusion. The Fusion Network uses a process known as private key sharding — where the private key is split up into several bits and managed by various network nodes — to guarantee assets are safe.

The different parts of the private key are never combined during transfers or trading to boost security.

Smart contracts on Anyswap are open source, a factor which enhances security using individual audits.

The open-source nature of Anyswap is important because it makes it easier to verify whether a platform is decentralized. One of the most important features of Anyswap is that the token paves the way for users to exchange cryptocurrencies with immediate effect.

The ANY token also enables holders the freedom to determine which coins are most appropriately suited to be listed on the Anyswap DEX, its decentralized exchange.

Anyswap development updates in 2023

Anyswap, initially established as a decentralized exchange (DEX) platform, underwent significant changes in 2023. The platform, known for its cross-chain swap protocol powered by Fusion DCRM technology, has evolved considerably. Here are the most important developments:

• Rebranding to Multichain: In 2021, Anyswap officially rebranded as “Multichain,” marking a significant shift in its vision and operational focus. Despite the rebranding, many in the community and investors continue to refer to it by its original name, Anyswap.

• Technological Advancements: Anyswap, now Multichain, operates on the Fusion Blockchain, offering lower network costs and utilizing Fusion’s DCRM technology for enhanced cross-chain functionality. This technology is pivotal for enabling seamless asset swaps across different blockchain networks.

• Security Focus: A key strength of Anyswap is its emphasis on security, utilizing private key sharding and ensuring that private key components are never joined during transfers. This approach effectively safeguards against data theft and hacks.

• Token Utility and Governance: Anyswap’s native token, ANY, serves multiple purposes, including utility and governance functions. It plays a crucial role in the platform’s ecosystem, offering various benefits and incentives to its holders.

• Seed Funding and Expansion Plans: In a significant development, Multichain raised $60 million in a seed funding round led by Binance Labs. This funding is intended to grow Multichain’s teams and ecosystem, with a particular focus on expanding research and development, especially in crypto algorithm research and security auditing.

• Partnership and Interoperability Goals: Multichain aims to strengthen its ties with Binance Smart Chain, which will promote Multichain as one of its recommended bridges. This partnership is expected to facilitate further technical advancements and liquidity integrations.

• Future Outlook and Challenges: Despite its rebranding and expansion, Anyswap’s (Multichain) future is closely tied to the broader trends in the decentralized finance (DeFi) and cross-chain interoperability sectors. Its success will depend on how it navigates the evolving landscape of blockchain technology and maintains its competitive edge.

These developments demonstrate Anyswap’s (Multichain) commitment to enhancing its platform’s functionality, focusing on security, and expanding its role in the blockchain ecosystem​​​​​​.

Official website: https://anyswap.exchange/

Best cryptocurrency wallet for Anyswap (ANY)

There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.

HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for Anyswap (ANY)?

Deciding which type of wallet to use depends on a variety of factors, including:

• How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades. 
• What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
• Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
• How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
• What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.

For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.

If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.

Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).

Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).