The crypto revolution is truly well underway. And with the rise of crypto swapping, it's easier now than ever before to swap one type of cryptocurrency for another – no matter which platform you're on.
But with so many sites offering various features (not to mention the range of cryptocurrencies), how do you decide where to make your swaps? To make your life easier, we've rounded up our six favorite crypto swap sites in 2023!
The 6 Best Crypto Swap Sites in 2023
Cryptocurrency swapping is a great way to exchange assets quickly and risk-free. There are lots of top crypto swap sites out there, so we have done the hard work for you and put together a list of six of our favorite sites for swapping digital assets:
What is the difference between a Crypto Swap Site and a Crypto Exchange?
A lot of crypto investors may not know the difference between a crypto swap site and crypto exchange, so let's explain this clearly.
A crypto swap site is like a flea market for cryptocurrency that allows people to exchange their coins directly without using a central platform or intermediary. On the other hand, a crypto exchange acts as a venue to buy and sell cryptocurrencies using price discovery from buyers and sellers on the platform. It facilitates easy transactions between worldwide customers, by offering coin-to-coin trading services.
While crypto swap sites and crypto exchanges are often considered similar, they are ultimately different tools that help users interact with their favorite digital coins.
Crypto Exchange
A Crypto Exchange (CEX) is a centralized platform where users can buy and sell cryptocurrencies for fiat currencies (e.g., USD) or other digital assets (e.g., Bitcoin). CEXs are typically regulated by governments or central banks and require users to complete KYC processes before they can begin trading on the platform.
CEXs also have custodial control over user funds, meaning they are responsible for securing the funds stored within their platforms. The main disadvantage of CEXs is that they are vulnerable to security breaches or data manipulation since they are under the control of third parties. Additionally, since these entities help to facilitate the exchange process, it can be costly for users in terms of fees associated with transactions or trades.
Swap Sites
Swap sites are decentralized platforms that use smart contracts to regulate operations and allow users to trade digital assets without third-party involvement. Since these sites don't require verification, they offer more privacy than CEXs do.
Furthermore, swaps are more secure than CEXs because expert validators are present on the network to validate each transaction; this reduces the risk of security breaches or data manipulation significantly. Finally, swaps do not charge any fees for swaps between trading accounts; this makes them much cheaper than CEXs in many cases.
Our 6 Best Crypto Swap Sites in 2023
Now that we've identified the disparities between crypto exchanges and swaps, it's time to present our top 6 picks for best crypto swap sites in 2023.
1. Changelly
Changelly is an intuitive platform that stands out as a great choice for those looking to swap crypto quickly and effortlessly. Established in 2015, this dynamic platform has gained attention from tech behemoths like Binance and is trusted by secure wallets, including Trezor, Exodus, and Coinomi.
With Changelly, you can experience fast and safe cryptocurrency swaps with no hassles – just make sure you have your own wallet because this service does not keep any assets on its servers!
It's easy to get started too. Just enter your email address and choose the coins you want to swap. All that's left to do is to provide Changelly with a wallet address where you'd like your crypto delivered. Double-check your transaction information and wait anywhere from five to 30 minutes for your currency to arrive – it's never been easier and faster to do crypto swapping!
Pros
CONS
Features
Changelly is the ultimate cryptocurrency swapping site. With a few clicks, you’ll be able to exchange your digital coins for the ones you want in no time. Not only does it provide speed and simplicity, Changelly also has a mobile app available for both Android and iOS users, so you can swap on the go.
That’s not all. For experienced traders, Changelly also offers a professional exchange platform with all the bells and whistles you would expect such as advanced charting, responsive trading tools, and more for those who love to speculate on digital asset markets. So, whether you are an expert trader or just a novice, this swap site makes it quick and convenient to find the best options for you.
Supported Cryptocurrencies
Supported Cryptocurrencies
With Changelly, you can have over 200 of the most popular cryptos at your fingertips for quick, instant switching.
With Changelly, you can have over 200 of the most popular cryptos at your fingertips for quick, instant switching.
Fees
Fees
Changelly's 0.25% commission fee is certainly one of the more appealing rates in the market.
Changelly's 0.25% commission fee is certainly one of the more appealing rates in the market.
2. SwapSpace
SwapSpace stands out for its simple, user-friendly interface. By aggregating more than 12 exchanges and implementing a straightforward process that does away with the need for pesky sign-ups and logins, SwapSpace has revolutionized cryptocurrency trading from a sluggish task to one that can be completed in just minutes. Established in 2019, this innovative site allows you to trade cryptos efficiently! Just choose which currency you'd like, hit 'Go,' and it's a done deal!
Pros
CONS
Features
SwapSpace provides 24/7 customer support ensuring all your crypto-trading needs are taken care of. With a user-friendly, intuitive design, SwapSpace makes it easy and efficient for everyone – pros and novices alike – to get the best rate available on their desired trading pair. For extra peace of mind, SwapSpace also offers its users a swap tracking service that allows you to track your transactions for as long as you'd like, and provides real-time updates so you'll always know exactly where each dealing stands.
Supported Cryptocurrencies
Supported Cryptocurrencies
SwapSpace offers traders over 420 cryptocurrencies and 2,100 pairs to swap and trade.
SwapSpace offers traders over 420 cryptocurrencies and 2,100 pairs to swap and trade.
Fees
Fees
SwapSpace is free to use.
SwapSpace is free to use.
3. ChangeNOW
ChangeNOW offers the perfect solution for crypto swaps – no hoops to jump through, no ID needed, and most importantly, no limits! With their advanced KYC-FREE features and strong security protocols, they have become one of the world's hottest crypto-swap sites. This reliable swapping platform guarantees safety with its no-custodial approach: no need to worry about your funds – ChangeNOW only serves as an intermediary in your coin-changing journey and never stores your money.
Pros
CONS
Features
For anyone looking to easily manage and keep track of their digital assets without worrying, ChangeNow is the ideal platform. Not only does it offer a mobile app for Android and iOS users, it also has the NOW Wallet which allows you to securely store your digital investments without having to give away personal information. And keeping track of the ever-changing crypto landscape is easy with NOW Tracker, its custom portfolio management tool that allows you to easily track the market activity of your coins at a glance.
Supported Cryptocurrencies
Supported Cryptocurrencies
ChangeNOW supports over 400 cryptocurrencies.
ChangeNOW supports over 400 cryptocurrencies.
Fees
Fees
ChangeNOW charges 0.4%.
ChangeNOW charges 0.4%.
4. Exolix
Conveniently integrated with multiple exchanges, Exolix offers the most competitive rates, so you’re assured of always getting the best bang for your buck in your transactions. What's more, there are no maximum limits, and all transactions are securely sent to an external wallet, giving you complete peace of mind. Furthermore, you can enjoy swift access to Exolix with no need for sign-up processes or identity verifications.
Pros
CONS
Features
Exolix is a non-custodial, hassle-free and secure asset exchange. Working without custodians, traders can rest assured that their funds will remain safe. Plus, it's completely mobile! Exolix is now available in both Android and iOS versions, so you can swap on the go!
Supported Cryptocurrencies
Supported Cryptocurrencies
Exolix supports over 300 cryptocurrencies.
Exolix supports over 300 cryptocurrencies.
Fees
Fees
Although the platform does not explicitly disclose its fee amount, it is in the ballpark of 1.04% for ETH/BTC transactions. It could go as high as 1.12% for coins with lower liquidity and trading activity.
Although the platform does not explicitly disclose its fee amount, it is in the ballpark of 1.04% for ETH/BTC transactions. It could go as high as 1.12% for coins with lower liquidity and trading activity.
5. SimpleSwap
Ever since SimpleSwap was launched in 2018, this revolutionary platform has been making waves. What makes it so attractive to users?
First, no sign-ups or limitations. Simply swap your crypto assets through several registered cryptocurrency exchanges with no fuss. Additionally, the convenience factor is high. With SimpleSwap, what used to take days can now be done within minutes.
Pros
CONS
Features
SimpleSwap is beginning to revolutionize the way we think about crypto swapping. Not only does it provide users with an easy-to-use wallet and offer 24/7 live chat support, it also gives traders a competitive edge with its price alert notifications. But that’s not all, SimpleSwap has integrated with numerous exchanges, giving traders unparalleled market intel needed to spot trends and make more informed decisions. This data can be accessed via the API integration, providing both developers and investors at any level with a way to analyze the market and improve their strategies for greater returns.
Supported Cryptocurrencies
Supported Cryptocurrencies
SimpleSwap supports over 300 cryptocurrencies.
SimpleSwap supports over 300 cryptocurrencies.
Fees
Fees
SimpleSwap is not particularly clear about its fees, but several reviews suggest that the prices offered for swaps are likely to have the fee added already.
SimpleSwap is not particularly clear about its fees, but several reviews suggest that the prices offered for swaps probably have the fee added to them already.
6. StealthEX
StealthEX is the perfect cryptocurrency swapping platform for savvy buyers who want to make the most out of their money. Founded in 2018, StealthEX offers a high level of security through its non-custodial format, and these protective measures extend even further with its no-registration and KYC verification policies.
But StealthEX doesn’t just prioritize safety, it promises convenience too! There are zero fees charged, and its clever integration with industry-leading exchanges like Binance ensures slowdowns are minimized, and users can always find the best price quickly without any extra hassle.
Pros
CONS
Features
With partner exchanges such as Binance, OKX, and KuCoin, StealthEX offers traders access to the best prices and liquidity – leaving no stone unturned in the search for that sweet spot between value and risk. But it doesn't end there; StealthEX also has a telegram bot that greatly simplifies coin exchange procedures for those who want to focus on their trading rather than technicalities.
Supported Cryptocurrencies
Supported Cryptocurrencies
StealthEX supports over 450 cryptocurrencies.
StealthEX supports over 450 cryptocurrencies.
Fees
Fees
StealthEX is free to use.
StealthEX is free to use.
Conclusion
Crypto swapping is a form of cryptocurrency trading that allows users to exchange one digital currency for another. Crypto swap sites make this process easy, fast, and secure by providing the necessary tools and services. The best crypto swap site depends on what you are looking for in terms of fees, convenience, supported currencies, among others.
Changelly is generally considered the best overall crypto swap site due to its low fees, a wide range of supported currencies, and ease of use. SwapSpace, ChangeNOW, and Exolix are all good alternatives, depending on your needs. SimpleSwap and StealthEX are great either for beginners, or experienced swappers who want flexibility. With these platforms, you can easily swap one coin for another without going through lengthy registration processes or using expensive third-party brokers.
FAQs
The primary differences between crypto swap sites and exchanges are speed, convenience, and cost. Crypto swaps are usually faster than exchanges because they do not require manual approval or verification processes to complete trades.
Crypto swaps also tend to be more convenient as they often require less personal information than traditional exchanges, meaning that users don't have to sign up for a full account. Finally, crypto swaps tend to have lower fees as they are often conducted on peer-to-peer networks and don't require intermediaries which exchanges do.
Yes. By exchanging one cryptocurrency for another and taking advantage of fluctuating exchange rates, it is possible to increase your holdings in a specific digital currency or generate profit from the fluctuations. However, this should not be seen as a get-rich-quick scheme and always involves some risk.