How to exchange crypto fast

We are all noticing that people are getting more and more used to the fast pace of the world around. With technologies surrounding all of us, the notions of fast transactions, fast food, fast fashion, and what not became an integral part of our daily lives. While some of those concepts might be destructive, others are necessary. When we talk about transferring valuable assets, those used to sleek user interfaces, Bitcoin, and instant exchanges are not here to wait. Crypto wallets work fast to transfer peer-to-peer, but how do you make cryptocurrency trading or simple exchanges equally rapid? We’re about to answer all the questions on how to swap a variety of crypto assets fast.

How long does it take to exchange cryptocurrency?

There are different types of crypto exchange services – some work as user-to-user decentralized exchanges, some take liquidity providers on board, some user partner services. But how long does it actually take to perform a swap? There are several factors influencing the pace:

1. The type of exchange and order processing times
2. The choice of cryptocurrency trading pair and the specs of the networks themselves
3. The settings an individual chooses to send cryptocurrency

All the above-mentioned points are equally important for making fast cryptocurrency exchanges possible. By fulfilling the requirements we will list further, you can save up on swap time and space your nerves on waiting for the incoming crypto.

What is the fastest blockchain?

Despite the fact that crypto transfers work almost instantly, all the blockchains have different times to generate blocks and push the transactions in. Besides the specifications of a taken network, transaction speed can be influenced by:

1. The network being “busy” at the moment
2. Large transfer volume
3. Increased fees
4. Problems with nodes

5 fastest crypto coins

Here is a list of cryptocurrencies that are known on the market and pride themselves on having the fastest networks. The projects we have chosen definitely do not comprise a full picture, but these coins are on a well-established site and have solid use cases.

• Dash
  Dash is a cryptocurrency that has been around for a while. The average transaction time for a DASH coin is around 2 minutes. Dash has a block size of 2 MB and can process up to 56 transactions per second.
• Monero
  Monero XMR is one of the popular privacy-centered cryptocurrencies. The project is fully community-driven and focuses on decentralization and financial freedom. XMR transactions are quite fast – just like Dash, it takes around 2 minutes to get a confirmation.
• NEO
  NEO is a Proof of Stake network that processes transactions at a pace of around 1000tx/sec. It takes about 15 seconds to get your transaction to confirm – due to this, NEO was dubbed as “Ethereum killer” by the community members.
• Ethereum
  Ethereum network, despite the issues of scalability and certain delays with network congestion, takes about 14 to 17 seconds for the transactions to go through. Ethereum blocks has a processing speed of 12 transactions per second.
• Litecoin
  Litecoin is one of the oldest cryptocurrencies existing as an alternative to Bitcoin. The main point of LTC creation was to speed up the transaction process. Block generation usually takes no longer than 2 minutes and 30 seconds.

How to swap cryptocurrency fast?

Cryptocurrency exchanges use blockchain technology, and they have their specific processing times for the swap orders. Instant, non-custodial platforms take about 10 minutes, depending on the coin you are working with. As the funds go directly to the user’s wallet, there is no need to wait for any additional steps. You can speed up the process by setting up the fee in transaction settings within your wallet – go to the advance tx breakdown and pick Satoshi per byte or GWEI needed to push the deposit in faster. Here at Swapzone, we find the fastest, most efficient ways across a variety of service providers. To create an exchange, all you need to do is:

1. Choose the crypto pair for exchange. We will take care of the rest and find the deals available. Choose the offer you like best
2. Enter the amount of crypto needed and send the deposit in
3. Wait for the confirmation
4. Receive the exchanged amount of cryptocurrency

Conclusion

Transaction times and speed of providing exchange services may differ. If there is a need to speed up the process, you can customize the settings in the wallet and choose the currency that takes faster to confirm. Besides, instead of using custodial exchange platforms, it is advised to turn to custody-free instant swap services. You can check the list of the fastest exchanges by forming the order on Swapzone.