SmartCash

SmartCash

 SMART

The crypto industry has seen a lot of positive change in the last few years than it has ever before. Major cryptocurrencies such as Bitcoin, Litecoin, and Ethereum have increased tremendously in both their price and adoption. As their prices soar, many ‘newbie’ investors are setting their eyes on lesser-known altcoins with the potential to grow in the long term. One of these altcoins is the SmartCash coin. In this SmartCash review, we are going to take a look at what is SmartCash, its key features, and how you can exchange SMART on Swapzone. Let’s dive in.

SmartCash Exchange Rate

SmartCash Review: What is SmartCash?

Smartcash is a community-driven digital currency built on the Zerocash protocol that relies on decentralized governance. It invests heavily in community-based appointed development whereby it prioritizes block rewards to grow its community. Moreover, since it focuses on providing anonymity and increasing transaction times, it has gained quite a popularity among users. Its native platform token is known as the SMART coin.

SmartCash was launched in 2017 as community-centric crypto where community and development are at the forefront. It operates as an end-to-end digital currency platform with features similar to Dash privacy and speed of transactions. However, unlike Dash, Smartcash is heavily community-based and is in reality a Zcash system hard-fork. One of its most distinctive features is its complete distrust of central authority.

SmartCash Network

All transactions that take place on the SmartCash network are recorded in blocks on the platform’s blockchain. Each transaction is measured in bytes. However, there isn’t any correlation between high-value transactions and the number of bytes required to process the transaction. Each new block is generated by a miner, who gets paid with a block reward.

SmartCash Review: SmartCash node

A SmartCash node is a server that has a full copy of the SmartCash blockchain. The work of the SmartCash node is to perform tasks related to block validation SmartCash Nodes are paid for this service using a concept referred to as Proof of Service. This is almost similar to what miners do to secure the blockchain in Proof of Work consensus algorithms. Therefore, the more Smartnodes, the better and safer the Smartcash network remains.

SmartCash Review: Key Features

Some of the key features of SmartCash include:

  • SmartHive: As reiterated before, SmartCash is highly community-driven. Therefore, taking inspiration from bees, everyone in the network contributes to the network. As long as you hold SMART, you have the ability to vote on proposals submitted by the community.
  • SmartVoting: As stated before, SmartCash relies on the SmartHive structure where everyone contributes to the network. One SmartCash coin is worth 1 vote. It enables participants to send in proposals and suggestions that can be voted upon. Decisions range from budget spending to developments.
  • SmartRewards: SmartRewards are easily recognized as incentives for SMART long-term holders. To become eligible for the SmartRewards, you need to have a maximum of 1,000 SMART in a wallet and not spend it for a period of 30 days. Rewards are collected every 25th day of every month. They are also equivalent to the amount of SMART that one has.
  • Smart Privacy: Simply put, this is the process of renewing one’s SMART coins. Every SMART holder has the ability to destroy their existing coins and acquire new ones at a fee. The reasoning behind this; enhancing privacy. Once destroyed, coins cannot be traced in the blockchain.
  • InstantPay: Unlike Bitcoin that’s plagued by transaction delays and high fees, Smartcash intends to make spending crypto an instant reality. This feature allows users to undertake online and instant point-of-sale in-store purchases.
  • Why is Swapzone the Best Place to Exchange SMART Coin?

    Swapzone is the best SmartCash exchange in the market today. Not only does it provide you with the best deals, but it’s also absolutely free to use. So if you are looking for Smartcash cryptocurrency, you won’t be disappointed. It provides you with the best results from top crypto exchanges. Therefore, you only get to pick the SmartCash price that suits you.

    Here you can find the step-by-step guidelines on how to exchange SMART on Swapzone:

    • Head on to the “Select Pair” tab and pick the type of crypto and amount you wish to exchange.
    • In the “Get Up To” section, select SmartCash.
    • Once you’ve entered the correct details in the respective tabs, you will see the different offers and exchange rates being offered by several different exchange platforms.
    • At this point, simply go through the different offers sorting them out based on price and transaction times.
    • Once you’ve locked in on an offer that you like, click on the offer and choose “Exchange”.
    • The command will prompt you to add relevant wallet details. Proceed to enter them and then click on “Proceed to Exchange”. This will prompt the transaction to start.
    • Wait for the exchange service to finalize your transaction and for the deposit to be processed.
    • The transaction will be completed and SmartCash will be deposited into your wallet. At this point, rate the smart exchange crypto platform and leave an honest review. Viola! You are done.

Popular pairs to convert SmartCash

Frequently asked questions

What is the SmartCash exchange rate?

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An exchange rate is the rate at which one cryptocurrency can be exchanged for another through a certain crypto exchange provider. Cryptocurrency exchange rates on Swapzone reflect current prices of crypto assets and are updated every 30 seconds for you to keep track of any market changes and fluctuations to profit when buying the dip or going with the best exchange rate and the lowest exchange fees. All cryptocurrency exchange providers have their own rates, which depends on supply and demand, mining rewards, costs and so on. See what else might affect the rate in our article on prices.

There are two types of exchange rates aggregated by Swapzone – fixed rates and floating rates. To receive the exact amount of crypto that is displayed at the beginning of the exchange and shield yourself against the market's volatility, opt for fixed-rate offers. If you're ready to take a risk and receive less or more than the sum displayed, go with floating-rate offers but bear in mind that floating rates may drastically change any second. You can refresh your memory on how to get the best exchange rate here.

Where to find the lowest transaction fees?

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Crypto transaction fees may vary depending on the network (Ethereum transaction fees tend to spike during the congestion on the network), your chosen cryptocurrency, an instant exchange provider as well as its transaction processing speed and internal policy. These fees may be relatively low but it’s crucial to know they may be imposed in the first place.

If you want to exchange cryptocurrency with the lowest fees, beware of the offers with a grey-colored “Transaction fees are not included” label displayed under the exchange rate. To avoid having to pay an unexpected amount of fees during the exchange, opt for those that do not have that label. Read our articles to learn more about how to exchange cryptocurrency with the lowest fees and find out which assets have the lowest transaction fees.

What is average transaction time?

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Transactions usually take from 5 to 30 minutes to be processed, especially if you choose currencies with speedy networks. However, there are several factors that may affect and slow down the exchange process, i.e. transaction volume, blockchain capacity, network updates, cryptocurrency itself and the capacity or chosen exchange platforms.

The processing may take longer due to the large transaction volume, congestion of the network, blockchain overload and market overload, technical issues or system failures, lack of liquidity or network maintenance.

The transaction may be also stuck if you forget to add a required Extra ID, mistake networks or use the wrong wallet for a chosen crypto asset. If you worry that the exchange processing is taking too long, please, contact us at [email protected] or via our live chat on the landing page.

How to choose a cryptocurrency wallet to store SmartCash?

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To exchange, buy, sell or trade cryptocurrency and store your crypto keys safely and securely, you need a crypto wallet. Choosing the best cryptocurrency wallet is a question of preference and need. To learn more, read our guide on how to choose the best cryptocurrency wallet for your needs.

There are several types of wallets for different crypto assets and tasks. Software wallets, or hot storage wallets, are connected to the Internet and come in many forms: Web, Desktop, Mobile or Browser Extensions. If you want to build a large crypto portfolio, you might want to look at multi currency wallets like Exodus, MetaMask, TrustWallet, Atomic or Guarda. If a coin or a token of your choice isn’t available there, you can always opt for a single-currency wallet that is usually designed by the project that launched the asset.

If you take safety and security matters seriously, go for hardware wallets, or cold storage wallets, like Ledger or Trezor, or even paper wallets. We strongly recommend you to do your research before creating a wallet: read the reviews to see what the community thinks, learn about the fees a particular wallet imposes for performing transactions, check out supported currencies and networks and see its security policy.

What is the best cryptocurrency exchange for beginners?

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There are loads of different crypto exchange services, with new platforms emerging every month. Exchange providers differ by supported currencies, liquidity providers, fees, customer support, user interface, level of privacy and anonymity and customer support, which makes it hard for beginners to understand which one to choose. To learn more about what these exchanges offer and how you can assess them, read our guide on how to choose the best exchange platform.

To navigate them through the field full of services, we conduct research and thorough analysis of the market & list both prominent and promising exchange providers, keeping in touch with their teams 24/7. We give you all the necessary data on the offers they provide as well as their brief history, KYC/AML policies, reliability and advantages, while also indicating their downsides so that you don’t have to do that yourself.

What is Swapzone?

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Swapzone is an instant non-custodial cryptocurrency exchange aggregator that helps users make an informed choice when exchanging crypto assets. To make this possible, we gather the information on the exchange providers, select the parameters for comparison, aggregate and sort available deals & give an option to make a swap through providers' APIs in the same interface with a common user flow for every exchange. Still have doubts? Here's 9 reasons why you should use Swapzone to exchange crypto.

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Learn how to exchange cryptocurrency with the lowest fees or zero fees as well as how to find the best crypto exchange rates and choose the safest cryptocurrency exchange provider.