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What Is a Cryptocurrency Converter?

What Is a Cryptocurrency Converter?
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The ability to convert crypto coins using a crypto converter is one of the ways through which crypto trading has been made easy apart from buying and selling crypto. For instance, users can easily convert BNB to BUSD and vice versa to allow them to trade the assets they want in the market. There are several cryptocurrency converters you can use such as Swapzone, ChangeNOW, Changelly, Easybit, SimpleSwap. We will examine how to convert cryptocurrency using these converters.

What Is a Cryptocurrency Converter?

What is a cryptocurrency converter?

A cryptocurrency converter could be an app, interface, website, or even browser extension that allows users access to a simple crypto converter to convert crypto coins. To convert your crypto you need to find the right channel that suits your needs, it could be a crypto converter exchange like ChangeNOW, a crypto converter aggregator like Swapzone, among others. The one you will use depends on the asset you want to convert and which platform will enable you to convert it easily.

The ability to convert crypto directly is not something all platforms offer. So, we will be discussing the best cryptocurrency converters in this article.

What is a cryptocurrency converter?

Why do you need a cryptocurrency converter?

A direct cryptocurrency-to-cryptocurrency converter could help save fees on transactions. For example, if you are based in the U.S or Europe, anytime you use a platform like Coinbase to sell or buy crypto, you incur a minimum of 1.49% in transaction fees and it could go higher if you use your debit or credit card.

With crypto coin converters, it is different. For example, Coinbase crypto converter does not charge the user any markup fee on token-to-token conversion. This is also a similar experience on Binance coin converter crypto.

Why do you need a cryptocurrency converter?

Popular cryptocurrency converters

When the market is saturated with converting crypto offers, it’s always useful to do market research and get to know trustworthy and user-friendly platforms. However, you don’t have to worry about doing this market research yourself, since Swapzone provides you with a ready solution through integrating diverse crypto-to-crypto converters. Here you can learn about popular platforms integrated into Swapzone and understand why we chose them to expand our ecosystem.

ChangeNOW

ChangeNOW is a non-custodial exchange platform where you can convert, buy or sell cryptos effortlessly. As a non-custodial platform, you don’t have to worry about the safety of your coins as they are safely kept in your own wallet.

It supports over 200 cryptos such as ETH, BTC, BNB, LTC, among others on its platform and the limit to the number of cryptos that you can swap are very flexible so that you won’t even notice there are any. You can convert one cryptocurrency to another or do fiat to crypto conversion.

Popular cryptocurrency converters

Changelly

Changelly hosts an ecosystem of exchange services and products that gives users easy access to converting and trading cryptos. For the past six years, the platform has been focused on offering an instant exchange of cryptos to foster mass adoption.

Changelly is a crypto coin converter for users seeking a neat, reliable and convenient crypto converter. You just need to select the crypto you would like to convert, input the amount and then select the crypto you want to convert your asset to. You can access Changelly from the web or their mobile app.

A cryptocurrency coin converter like Changelly also offers trading, selling, and buying cryptocurrencies. You can switch between conversion and other options on the website.

Apart from being able to carry out crypto to crypto conversion, Changelly can also carry out fiat to crypto conversion.

Changelly

SimpleSwap

This is another trading platform with the option to convert crypto. Its user base is quite impressive and it is user-friendly. The UI is neat and easy to use for expert and novice traders and its performance is top-notch. The platform is non-custodial as it doesn’t store user funds. Your funds are converted or traded straight from your wallet. Additionally, the platform supports over 300 coins and tokens.

SimpleSwap can be used as a simple crypto converter, where users can convert crypto available in their wallets.  There is a convert feature that allows users to input the amount of crypto they want to convert and which crypto they will convert their asset to.

On SimpleSwap, crypto-to-crypto conversions are convenient and every popular coin and token is available for conversion.

SimpleSwap

Easybit

This Cyprus-based exchange platform provides instant swap and conversion of cryptocurrency direct from your connected digital wallet. The conversion is very fast at an average of 12 seconds for each transaction. Easybit also has what we call Volatility protection mode that protects users from market fluctuations. You can access Easybit from any browser as well as their mobile app. 

Easybit

Swapzone

Swapzone is also a web-based platform capable of offering a simple crypto converter to users. The beautiful thing about Swapzone is that it is an aggregator, which means it collates the best cryptocurrency converters for you to choose from. You just need to pick the pair of tokens you want to convert and the platform will list several crypto converter exchanges with their conversion rates.

The user interface is simple and easy to use, which makes the platform very convenient for users seeking to use coin converter crypto. As mentioned, offers from all the above mentioned and even more exchanges are presented on the platform. All you need to do is find the star deal among myriads and convert crypto!

Try to convert cryptocurrency on Swapzone: Bitcoin to Monero

Here is an example of how to convert one cryptocurrency to another on Swapzone using Bitcoin (BTC) to Monero (XMR). Converting your asset to another can be done easily on Swapzone.

Step 1. Visit Swapzone and select the Bitcoin to Monero pairing.

Step 2. Swapzone will pull up all the Bitcoin to Monero exchanges for you.

Step 3. Input the amount of BTC you want to convert to XMR tokens on the left-hand corner.

Step 4. Select the crypto converter exchange that suits you by clicking on the “exchange” button on the right-hand corner.

Step 5. Input the address where you want to receive XMR tokens.

Step 6. There is also an option for a refund address, which is the address where the BTC you are converting for XMR tokens will be refunded to incase of any issues.

Step 7. Click on the “proceed the exchange” button to carry out the exchange.

Step 8. When the BTC to XMR exchange is finalized, you are prompted to rate your converting experience and write a review. Please, do so to provide us with information on how everything went.