Giving you a native experience - exchange cryptocurrencies
without losing control over your assets.
Antonopoulos says that regular users of Bitcoin can use very easy hardware wallets to store their currency because
“they don't need to store it on exchanges and they shouldn’t.”
How Gluwa Exchange Works
Each party accepts the match by reserving their funds on the blockchain.
They also send signatures required to create the exchange transaction to Gluwa.
Gluwa validates the signatures and executes them by publishing them to the blockchain.
Once the transaction for the exchange is processed by the blockchain, each user will receive their promised funds and the exchange gets completed.
Note that the funds for the exchange were not held by Gluwa or any other third party, but by the blockchain alone.
Thus, enabling the decentralized transaction of assets.
If you are using Gluwa mobile app to exchange your cryptocurrency,
you are a market taker.
When you ask for a quote, your app shows you the weighted average price of
the best orders in the market. When you choose to accept the quote,
you are taking the matched orders.
If you make offers instead of taking what’s in the order book,
you are a market maker.
You can add orders on the order book by using Gluwa API.
Your orders will get matched with market takers based on your price.
Instead of using Gluwa mobile app, market makers are expected to run a webserver to communicate with the Gluwa API and webhook.
You can learn how to become a market maker of Gluwa Exchange here.