What is Crypto Swap? How to Get Started

There must be a better way to swap between cryptocurrencies. The price is starting to move, it’s game time! Selling on one account, sending it to another, then buying on that other account – and in that time the price has jumped and you’ve wasted a load of time and trading fees.

And given the fact that not all exchanges support the same crypto, you will almost need to create multiple accounts, go through the different verification processes, and orientate yourself with the “Know-How” of each exchange. Not to mention, all the risks it entails! 

This begs the question – does swapping your own crypto need to be so complicated? Let me say this right now, it doesn’t need to be. In fact, swapping between your digital assets is quick and simple.

Jump right in: Get started with our crypto swap feature.

What is a Crypto Swap?

Before we get into the details, let’s start with a working definition.

Crypto Swap is a feature that allows users to exchange directly between supported cryptocurrency pairs. Want Bitcoin but only have Ethereum? With crypto swap, you can select the relevant crypto assets, tap the swap button, and voila!

So, why would you swap crypto in the first place?

You can think of swapping crypto like you would swap your fiat currencies for another. If you’re traveling for example, and you need to swap out your local currency to the foreign currency.

The difference is that crypto swaps are not only used for transactional context, but also useful for diversifying your portfolio, such swapping out your stablecoin for Bitcoin or Ethereum, or swapping out those memecoins for something that holds better value.

In that regard, crypto swaps are vital and fundamental to your cryptocurrency experience, as it streamlines the process of exchanging between your assets.

The problem with traditional swapping methods

Traditional swapping methods, often through centralised exchanges, pose several challenges.

• Highly stacked fees,
• Lack of transparency,
• Slower transaction speeds, and
• Custodial risks are prevalent issues.

This is especially true if you’re looking to swap from government-issued fiat currency, or some centralised exchanges that have layers of fees embedded into their platform.

Where to swap your crypto?

Just as you would go to a foreign exchange market to convert or swap your fiat currencies, the same applies to swapping cryptocurrencies. However, with crypto you have additional options to choose from for swapping:

• Centralised exchange
• Non-custodial exchange
• Crypto wallets

Each of these options have their pros and cons. With centralised exchanges, you are effectively entrusting your funds on their platform. Upon clearing the swap, your crypto remain in their custody if you don’t withdraw your assets back to your wallet.

Crypto wallets share a similar concept, where you are entrusting your assets on their platform to make the swap, and will often incur stacked fees depending on how the swap is performed, which often involves third-party parties to facilitate.

With the non-custodial option, you have complete control over your assets before and after the swap. You are only using the swap services to exchange your cryptocurrencies, which are then delivered back to your wallet address upon clearance.

Crypto swap with Easy Crypto

Here at Easy Crypto we are a non-custodial exchange, where we provide not only buys and sells of over 160+ digital assets, but also crypto swap services.

We take pride in making the crypto experience simple, safe, and easy for crypto users of all levels. Being a non-custodial exchange means that we only facilitate the swapping process, and then deliver your crypto assets back to your wallet address – easy as.

Swap your crypto from any wallet of your choice, with transparent and competitive rates, and swift transaction processes.

No need for a fiat or centralised intermediary to swap your crypto; swap any coin of your choice with the collection of digital assets available at Easy Crypto.

Benefits of swapping with Easy Crypto

Our team at Easy Crypto strives to provide a seamless, easy, and secure crypto swapping experience.

In addition to our non-custodial swapping features, users who swap with us can take advantage of the following:

• Secure transaction: Security is at the top of our priority at Easy Crypto. Swap with confidence and peace of mind.
• Instant settlement: Enjoy quick and instant settlements, in just a few clicks your digital assets and portfolio are automatically updated.
• No surprises: We have a strict policy on having no surprises for our users. With our transparent fee structure, you’ll be glad to know you get exactly what you swap for, no hidden fees.
• Over 160+ crypto pairings: Browse our collection and swap over 160+ cryptocurrency pairings. Simply pick your crypto, and choose your pairing. We’ll handle the rest.

Next time when you’re wanting to rebalance your cryptocurrency portfolio and are looking to swap between crypto assets, give the Easy Crypto Swap feature a try!

How to swap with Easy Crypto

When you swap in Easy Crypto you also get added benefits such as better exchange rates and automatically updated sell limits.

Additionally, swapping your crypto with us also means your portfolio tracker stays correct, giving you an updated overview of your digital assets across different coins and tokens.

Ready to get started? Follow the steps below.

Step-by-step guide on to using Easy Crypto swap:

And that’s it! You’ll receive an email from Easy Crypto regarding your swap request, along with more detailed instructions.

Once you’ve made the deposit, we’ll take care of the swapping process and have your crypto delivered to your destination address in no time.

With the Easy Crypto Swap feature, you won’t need to worry about navigating yourself through exchanges, logging in and out, just to make a swap.

Takeaways

Crypto swapping is arguably one of the most fundamental aspects of the crypto experience.

Whether you’re looking to swap from a stablecoin to your favorite crypto, or exchanging DeFi or NFT tokens, swapping crypto should be a seamless experience.

With Easy Crypto, we aim to make the crypto swapping process simple, safe, and easy.

Get started: Swap with Easy Crypto today.

That being said, there are other options out there to explore for your consideration.

Other crypto swap platforms:

• Swapy: As the name suggests, this platform is centred on crypto swaps. Swapy manages this by combining over 10 exchanges to give users more low-cap and low liquidity tokens at spot price. They currently offer swaps from Bitcoin, Ethereum and Tether into over 70 different tokens.
• Changelly: Changelly was founded in 2015 and supports roughly 150 cryptocurrencies. They do, however, take a 0.25% fee for all swaps. Changelly delivers a fixed-rate mechanism that protects against the risk of market fluctuations when tokens are being swapped.
• Airswaps: AirSwap is a relatively newer platform. The exchange claims that there are no fees, no deposits and that users do not have to sign-up to the platform. AirSwap also has its own token, AirSwap-token. Instead of charging users with a trading fee, it simply requires all makers to stake their AirSwap-tokens in their wallets.

Crypto wallet swaps:

• Easy Crypto Wallet
• MetaMask
• Exodus Wallet

Crypto wallet swap services come at a fee that ranges between 2%-5% depending on the market condition.

Now, while it seems like you are spoilt with choices to choose from the different cryptocurrency swap providers, it can also be daunting for someone to compare the different platforms and wallets to make a swap.

This is where our team at Easy Crypto strive to deliver. We are always looking to simplify and make the cryptocurrency experience easy for users of all levels.