Since 2016, when cryptocurrencies became more or less mainstream, there was a lot of crypto exchanges around. Centralized, decentralized. hybrid exchanges, all of them served as a bridge between the world of crypto and fiat money, and even between different blockchains. Some of them are already dead, some of them continue to flourish. Currently there’s more than 500 crypto exchanges in the world. But the problem for a regular user is the same: how to choose among them and how to exchange crypto safely, paying less fees in the process? Not to mention that conversion should be done easily and with no obstacles such as registration or KYC/AML. To find a good crypto exchange you can go to some website with exchange ratings.
This may devour a lot of your time. Or alternatively, you can go to a crypto exchange aggregator that combines liquidity from many exchanges, see and compare rates and fees. One of such exchanges is Swapzone. By using it, you can nearly instantly exchange most of popular coins and tokens, one for another. If you want to swap your coins, try Swapzone.
Of course, when you exchange coins, you want to get the best deal. By using numerous exchanges, you have to constantly keep in check exchange rates and coin prices at crypto exchanges. Also, you have to remember that in addition to the conversion rate you’ll have to pay exchange fees and some hidden fees. After numerous conversions, you’ll end up paying a solid fee in total, and the only solution to this problem is minimizing fees for each deal.
Fees are the major profit killer in general. A small analysis of long-term investments by millennials indicated that over several decades of investing for retirement, people usually lose around $590,000 for each 1% of fees. Vanguard, one of the largest index funds, has another example: if you invest $100,000, and earn 6% a year for the next 25 years, you end up with $430,000 in your pocket if you pay no fees. On the other hand, if you pay 2% a year in costs, you’ll have only $260,000. Paying 2% for 25 years eats 40% of your profit. Pretty sad, right? Every investor gets affected by fees twice: the first time when he or she pays the ever-increased amount in fees as the portfolio grows. The second effect is decreasing the portfolio’s returns, because every paid dollar is one dollar less to invest. That compounds and results in many losses.
Thus the solution is: avoid additional fees by all costs. How to do it? You have to compare all the deals and find the best one, but they are constantly changing, so it’s very inconvenient for a regular user. That’s why exchange aggregator comes in handy. By using swapzone.io you can exchange most popular coins: BTC, ETH, XRP, BCH, LTC, BSV, EOS, XTZ, XLM, ADA, ETC, and TRX, as well as such tokens, as USDT, BNB, LINK, PAX, BAT, ICX, OMG, and DAI. As you can see, the list is pretty long, and it contains more than 300 coins and tokens. On Swapzone you’ll be able to find several exchange offers for each token, ranked by exchange rate. We’re looking for the best deals, right? On Swapzone you can find the best deal.
What are altcoins and how to exchange them? All these various coins and tokens, starting with Ethereum and down the list on Coinmarketcap are dubbed the common word “altcoins”. It means that they are the alternative to Bitcoin. Bitcoin is still the most important cryptocurrency with the highest market capitalization. It’s responsible for 45 to 65% of the whole crypto market capitalization, it’s considered a digital gold, and it’s highly unlikely that any other crypto coin or token will be able to take its place in the near future. There are many types of altcoins, and it’s important to be able to tell one from another.
Anyway, most of these altcoins have some value, and to catch all their market moves, sometimes it’s necessary to change one for another. It’s hard to keep track of them: some tokens can be listed on small exchanges, some tokens can be found only on large ones. It’s also time-consuming to try to find some rare tokens, so you’d better go to an exchange that has them all in one place. Such as Swapzone. All you have to do is:
Pretty easy! The whole order creation usually takes 5-10 minutes. By using Swapzone you can be sure that you’ll get the best exchange rates and the large variety of altcoins to choose from.
One of the most annoying things related to using crypto exchanges is the need to register to use it, or even to pass some security checks to be able to exchange and withdraw your funds. In some cases it’s completely reasonable, because many exchanges store their users’ cryptocurrency. But in some other cases, it’s totally unnecessary and can cause only the constant annoyance. If we talk about decentralized cryptocurrencies, why do we need to use centralized databases and leave there our personal data, such as email addresses or even real documents to pass KYC? It’s enough to use a blockchain address to make a deal. Non-custodial services don’t require registration and they don’t keep their users’ private keys, because they simply connect two parties not participating in the exchange process. There are two types of non-custodial services, decentralized exchanges, and exchange aggregators, such as Swapzone., which allows to use it anonymously and to deliberately exchange coins at best rates. Imagine if you had to upload all your documents, your driving licence, home bills, to make a transaction? Such amount of necessary documents doesn’t make sense. On Swapzone all you have to do is choose your crypto and the crypto you want to exchange your funds for, and then exchange your altcoins quickly.
When you need to exchange crypto, speed is sometimes one of the most important factors. Nobody wants to wait forever while the list of best deals is loading. We’re accustomed to nearly instant transactions, instant server responses and minimum waste of time. Anyway, if you use only one exchange, sometimes you won’t find a deal you’re looking for quickly. Some exchanges lack liquidity and you have to go through two or three of them before you finish swapping your cryptocurrency. A crypto exchange aggregator such as Swapzone allows to access all partnered instant crypto exchanges at once, and see what amount of funds they currently have. When you start searching for a certain pair exchange, for example, BTC/ETH, it sends requests to all partners and collects information about available funds and exchange rates. All this happens nearly instantly, you receive on-screen information as soon as you type the request.
Crypto exchanges still have a long way to go. Some of them lack a convenient user interface, some of them lack liquidity, sometimes they ask for too much documents, and many exchanges simply don’t have enough trading pairs to fulfill all needs of their visitors. But all of them combined have enough funds to become very convenient for any trader or investor. Swapzone’s goal is to reshape crypto exchange strategies into a data-driven and adaptive approach. By giving everyone equally fast and easy access to crypto markets, Swapzone wants to improve the crypto community and to make a contribution to building a better future for everyone. If you need the best exchange, just choose what’s best for you at the moment. It’s easy, when you have such exchange aggregator as Swapzone.