<p>The main advantage of the MGW exchange over traditional exchanges is that for protocols which support multisig, all funds are stored under 2/3 multisig accounts on 3 geographically separate servers, most likely, owned by different entities.</p>

CC BY-SA 3.0
2015-05-23T06:58:42.340Z
2015-05-23T06:58:42.340Z
lyaffe
<p>I'm still trying to figure out how the multigateway exchange works for nxt. i see you can put your bitcoins and other altcoins into the system and trade on top of the asset exchange using the nxt wallet creating a decentralized exchange. my concerns are:</p>

<ul>
<li><p>Do my bitcoins / altcoins goto a centralized wallet like how typical exchanges work today?</p></li>
<li><p>Who controls the coin wallets and what if they need to be rebooted?</p></li>
<li><p>What prevents the multigateway admins from running away with our coins?</p></li>
<li><p>What are some major advantages to over typical exchanges today like cryptsy / poloniex / bter?</p></li>
</ul>

<nxt><multigateway>
How does the SuperNet NXT Multigateway Exchange work?
Patoshi パトシ
# How does the SuperNet NXT Multigateway Exchange work?

(Asked by: username_0 on 2015-05-01)

I'm still trying to figure out how the multigateway exchange works for nxt. i see you can put your bitcoins and other altcoins into the system and trade on top of the asset exchange using the nxt wallet creating a decentralized exchange. my concerns are:

* Do my bitcoins / altcoins goto a centralized wallet like how typical exchanges work today?
* Who controls the coin wallets and what if they need to be rebooted?
* What prevents the multigateway admins from running away with our coins?
* What are some major advantages to over typical exchanges today like cryptsy / poloniex / bter?

**Tags:** nxt, multigateway


---

## 1 answers

### Answer by username_1 on 2015-05-23. Score: 1 | Accepted answer

The main advantage of the MGW exchange over traditional exchanges is that for protocols which support multisig, all funds are stored under 2/3 multisig accounts on 3 geographically separate servers, most likely, owned by different entities.


---

