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WhalesHeaven is a platform for trading various types of cryptocurrencies that are based on blockchains such as Ethereum and Bitcoin. As a platform that operates using Threshold signatures, it is suitable for buying and selling in large volumes. These trades are made by sellers listing deals on the platform, and buyers, either fully buying or participating in these deals.
For the most part, you simply need to download the TotalSig browser extension this will enable you to log into WhalesHeaven as well as be able to sign for the release of your transactions from your threshold signature vault.
Once a user decides to sell one kind of cryptocurrency for another kind, they create an offer. Sellers can select multiple currencies that they’ll accept from buyers. They also set up an initial margin/discount, duration, and forensic check limit for their offer.
Once a seller publishes an offer, it becomes publicly available and other users may participate in that offer.
as WhalesHeaven is a p2p marketplace, it does not implement a bid/ask model, rather it resembles the auction principle, where sellers make their offers as a margin or discount to the current average market price.
Another key difference is that deal flow happens through Threshold signature wallets, which are created between each party and the platform. This way the platform can control the deal process, but it has no access to user funds at any time. This mitigates traditional risks associated with custody services, like hacking activity or outright fraud.
You are free to use the wallet of your preference, you can do that by sending the amount specified to the threshold signature (TS) Vault address provided to you on the top-up page.
Additionally, you will need to download the TotalSig wallet.
Downloading the WH Cypher extension will allow you to: