If we look into today’s scenario, numerous cryptocurrency swap platforms offer a wide range of features and deep liquidity. Therefore, this article focuses on a list of the 8 best Swap platforms to help you make your choice a little less complicated.
|Names||Founded In||Trading Fees||Mobile Application||Security||Supported currencies|
|Simpleswap||2018||Variable (typically between 0.5%-1.5%)||Android and iOS||AML/KYC, AES Encryption||300+|
|Swapspace||2019||Included in the partners’ rate||Android and iOS||Non-custodial website||700|
|Swapzone||2019||No trading fee||No mobile application yet||Non-custodial website||450|
|Pancakeswap||2020||0.2%||Integrated Trust wallet- Android and iOS||Security Oracle, CertiK Shield, DeepSEA, and CertiK Virtual Machine.||1578|
|Honeyswap||2020||0.25%||Android and iOS||The decentralised app, protected by CertiK||37|
|Changelly||2013||0.25%||Android and iOS||SSL Encryption and KYC, two-factor authentication||196|
|Sushiswap||2020||0.3%||No personal mobile application||It’s an unaudited project but is a Non-custodial website||47|
|Uniswap||2018||0.3%||No personal mobile application||Non-custodial website||281|
Table of Contents
- Simpleswap is integrated into the largest cryptocurrency exchanges platforms, allowing limitless swapping of cryptocurrencies directly transferred into your hardware wallet.
- Swapspace is an exchange aggregator platform that allows users to compare the rates from the other existing platforms in the cryptocurrency market to choose the best deal for themselves.
- Swapzone is another popular swap platform that allows the users to arrange the information they gather and does not require you to sign in to start swapping.
- Pancakeswap is a breakfast-themed decentralised exchange that supports alomost all of the major digital assets.
- Honeyswap is a decentralised platform that is available on the xDai chain and supports Polygon Protocol. Further, its xDai Ramp feature allows you to use your fiat currencies directly to buy xDai.
- Changelly is the oldest and most trustable platform as it has several features like instant swapping or exchange and affiliate programs. The advanced version, Changelly Pro, is for advanced and experienced users.
- Likewise, Pancakeswap, Sushiswap, is a decentralised exchange that runs on Ethereum Blockchain. It benefits its users in several ways. This platform can help you accelerate your projects by giving you the best yield with its onsen programs.
- Lastly, another top-rated decentralised exchange is Uniswap, where you can trade any Ethereum based token with more than 50000 trade pairs. Its upgraded version, Uniswap V3, allows users to calculate Time Weighted Average Price(TWAP) and geometric mean TWAP.
What is Swap?
Swap refers to exchanging one asset you hold for an equivalent value for another cryptocurrency asset. Although this doesn’t allow you to be in total control of your cryptocurrency asset, it’s a widespread practice in the world of cryptocurrency, which is done using exchange platforms. Swapping helps you diversify your portfolio, earn more profit and help reduce your cost to switch over to a stablecoin.
Launched in April 2018, SimpleSwap provides an instantaneous and secure cryptocurrency exchange platform. It has been integrated into the largest cryptocurrency exchanges platforms like Binance, Bitfinex, Bittrex.
- This particular platform allows you to buy as well as exchange over 300 cryptocurrencies.
- Unlike other swap platforms, SimpleSwap does not require any account registration or any KYC from you to start swapping.
- It is an easy to use platform for cryptocurrency investors, which allows a limitless amount of cryptocurrency that can be swapped.
- Moreover, exchange cryptocurrencies are transferred into your hardware wallet.
- The support team of this platform is available for a live chat all the time.
- The wallet of SimpleSwap is secured with the AES encryption method.
- In addition, none of the user’s assets is stored on SimpleSwap that reduces the risk of cyberattacks.
- Every transaction is charged with a transaction fee which depends on the trade pair and volume of the cryptocurrency. This platform offers you two types of exchange rates: Fixed rates and Floating rates.
- Besides, there is no additional cost that is charged for withdrawal.
Another popular exchange aggregator platform is SwapSpace which was launched in May 2019. Furthermore, the platform offers over 300 crypto assets and 60,000 trading pairs.
To know more read our SwapSpace review.
- Just like SimpleSwap, this platform does not require you to sign in.
- Not only this platform makes the exchange process transparent but also allows the users who invest in finding and comparing the rates from the other existing platforms in the cryptocurrency market, enabling them to choose the best rates for their investment.
- The website is straightforward to use, which makes it suitable for beginners.
- The cryptocurrency assets that are swapped are transferred into your hardware wallet.
- Furthermore, their support team is active and is available all the time.
- SwapSpace is a non-custodial platform.
- Since it’s a part of the blockchain and therefore is safe to use.
- The SwapSpace platform charges no additional costs over the partners’ rate.
- Moreover, the exchange fees are included in the rates already.
- There’s no upper limit, and the lower limit starts from $2 for many cryptocurrency coins.
- Correspondingly, there is no withdrawal fee, deposit fee, and transaction fee.
Among the numerous other swap platforms making their place in the cryptocurrency world is Swapzone. Its website claims they have assembled verification processes, prices, rates and speed from many different partners.
To know more, read our Swapzone review.
- Firstly, with a constantly growing list of supported partners and assets, this platform does not require you to perform the registration process to start swapping.
- Secondly, it allows its users to arrange the information provided to them.
- Additionally, Swapzone owns a very interactive interface that is very easy to use.
- Furthermore, Swapzone partners perform in house exchange with the help of APIs.
- Apart from this, they have an active and responsive customer support team.
- Swapzone is a non-custodial platform.
- Further, No accounts or credentials can be hacked because of its registration free process and does not hold any cryptocurrency.
- Swapzone charges no trading fee, but whichever exchange platform you choose to swap your cryptocurrency.
PancakeSwap is a decentralised exchange built and is the biggest Automated market maker(AMM) exchange on Bitcoin Smart Chain. The PancakeSwap is a breakfast-themed platform that involves the use of food-based tokens.
- This platform allows its users to earn tokens by creating liquidity pools and yield farming, the famous farms that offer APYs.
- PancakeSwap offers higher rewards when they stake in in SYRUP liquidity pools.
- It also provides a user-friendly decentralised platform as well as every user who supplies the liquidity pools get other perks.
- This platform includes fun features like lottery and games like Team Battle, which rewards you when you participate in them.
Pancakeswap has integrated CertiK into its platform, one of the best cybersecurity firms, and provides the following security levels.
- Security Oracle
- CertiK Shield
- The CertiK Virtual Machine
- Traders and Investors have to pay a trading fee of 0.2%, out of which 0.17% goes to the liquidity providers and the other 0.03% to the PancakeSwap treasury.
- Though, PancakeSwap exchange does not charge any withdrawal fee.
With its availability on the xDai chain and the support of the Polygon Protocol, Honeyswap is one of the best decentralised exchanges out there.
- To begin with, Honeyswap platform uses a multi-token model to create a balance between global and local incentives. Moreover, Its xDai Ramp feature allows you to use your fiat currencies directly to buy xDai from your credit or debit account.
- Besides, there are farming rewards where benefits are localised to one supported chain.
- Further, It provides an open-source interface that supports routing trades to third-party liquidity pools to ensure users get the best trade execution.
- Moreover, the users can access the Honeycomb asset manager feature for managing Defi positions, including deposits and withdrawals from the Comb Farms.
- Further, it permits the users to set up a wallet for the xDai network. The xDai bridge transfers your ERC tokens from Ethereum Mainnet to the xDai network.
Honeyswap platform is protected and audited by CertiK security assessors.
- Regardless of whether you are a maker or a taker, a trading fee of 0.25% per transaction is charged on this platform.
- Furthermore, a swap fee of 0.3% of the transaction value is also charged.
- Like most of the decentralised platforms, Honeyswap also does not charge any withdrawal fee.
One of the most popular and trustable instant cryptocurrency exchange platforms is Changelly that allows users to swap, buy and sell their cryptocurrency assets. As the website claims, Changelly also has the best market prices.
- First of all, it allows you to buy and swap cryptocurrency within 30 mins or less using either your debit card or your credit card.
- Further, this platform is very easy to use with a live customer care support team available all the time.
- With Changelly, you can easily compare the rates, prices and transaction time and also find the best match for you.
- Changelly Pro is for advanced and experienced traders.
- Firstly, Changelly ensures secure transactions with the help of SSL Encryption and KYC procedures practices.
- Along with that, this platform offers non-custodial exchange as well as two-factor authentication for more safety.
- Changelly charges a trading fee of 0.25%, but there is no deposit fee on all cryptocurrency exchanges.
- Changelly pro, being a custodial exchange, charges a withdrawal fee of 0.0004 BTC
SushiSwap is a decentralised exchange that runs on Ethereum Blockchain. Just like Pancakeswap, it promotes its users to participate more by providing good incentives. In addition, it operates a customised Automated Market maker(AMM), ensuring no liquidity issues and automated trading between two cryptocurrency assets.
- The feature of liquidity Migration where the stakers and the token holders benefit by receiving rewards in the forms of Sushi tokens
- Besides, it provides passive income to its users through liquidity providers receiving profits and rewards.
- This platform offers BentoBox dApps, which provides an ecosystem to use decentralised apps gas efficiently and earn profit.
- Moreover, this particular platform helps you accelerate your projects by giving you the best yield with its onsen programs.
- Another attractive feature is Kashi which is built on BentoBox.
- The spread-out servers of this platform result in fewer risks of servers being down and makes it immune to attacks.
- The decentralised apps never store your assets, consequently, reduces the risk of hacking.
- Sushiswap also charges 0.30% fees for joining any liquid pools, out of which 0.25% goes to liquidity providers in the selected pools, and 0.05%is included to the Sushi token holders.
- It does not charge any withdrawal fees.
Another top-rated decentralised exchange app where you can swap, buy and sell is Uniswap. It allows you to trade your cryptocurrency assets without the involvement of a third party.
- Uniswap governance offers its users funds and grants for building apps, tools, and activities on the Uniswap Protocol.
- Secondly, the users can earn profits with the help of liquidity pools by staking their tokens
- It’s got a user-friendly interface where you can trade any Ethereum based token.
- Moreover, Uniswap offers more than 50000 trade pairs which is more than all the other exchanges.
- Lastly, the new upgrade, Uniswap V3, allows users to calculate Time Weighted Average Price(TWAP) and geometric mean TWAP.
- The spread-out servers of Uniswap cause fewer risks of servers being down and makes them less prone to attacks.
- The decentralised apps never store your assets, therefore, reduces the risk of attacks.
- There is a transaction fee of 0.3% that is charged.
- Further, this platform charges a withdrawal fee of 0.000812 BTC per withdrawal.
In conclusion, choosing the right swap platform that suits you may seem really complicated with a wide range of options available worldwide. Therefore, we have selected the 8 best cryptocurrency Swap platforms. Let us know how you liked this list made by us in the comment section.
Frequently Asked Questions (FAQ)
Q1. What websites allow me to swap cryptocurrency from one to another?
A1. Among the numerous options, you’ll come across, some of the best swap platforms are as follows: Simple swap, Swapzone, Changelly, Pancakeswap etc.
Q2. How to earn profit from the Uniswap liquidity pool?
A2. Users can benefit from the Uniswap liquidity pool by staking their tokens and earn more rewards by adding liquidity to the trading pools.
Q3. What is Swapspace?
A3. Swapspace is an exchange aggregator that allows traders to collect and compare rates from many other exchange platforms and exchange more than 350 cryptocurrency coins without extra costs.