Having savings in any form adds confidence in the future. Having a certain amount in cryptocurrency provides the opportunity to use your money and increase capital anywhere in the world where there is access to the Internet. And if the current ETH to BTC exchange rate is quite suitable for these purposes, sometimes it makes sense to exchange coins as quickly as possible.
Of course, if you already have several accounts on different centralized exchanges, there will probably be no problems with the exchange speed. Each trading platform of this type has the ability to buy and sell coins directly on the market.
But it also happens that using the services of centralized crypto exchanges for the next swap is for some reason inconvenient or undesirable. In such cases, non-custodial instant cryptocurrency exchange services become an excellent alternative.
How do fast services differ from classic cryptocurrency exchanges?
In the early stages of the development of the cryptocurrency market, all trading platforms had a minimum set of functions. As user interest in cryptocurrency grew, these platforms began to evolve rapidly. Some of them focused on trading and eventually turned into full-fledged traditional exchanges. Some concentrated their efforts on the high speed of swap execution.
The interface of non-custodial services is usually very simple; there are usually few tools for market analysis. When performing a swap, the user can choose between a fixed and floating rate. There is usually no opportunity to place a pending order.
Non-custodial services are usually quite loyal to anonymous clients and very rarely require going through the KYC procedure, unlike centralized platforms. Even on those of them where verification is optional, the possibilities of anonymous clients are limited to one degree or another.
Most non-custodial services do not provide storage services for client funds. Coins leave the user’s wallet only for the duration of the transaction. That is, the user retains full control over his assets and the possibility of their theft from the platform is reduced to zero.
The best fast exchangers
LetsExchange
The swap process on LetsExchange is simple and convenient. Let’s take a closer look at the example of eth to btc exchange:
- In the top field, enter the transaction amount in Ethereum (ETH).
- In the bottom field, select the cryptocurrency Bitcoin (BTC).
- Enter your Bitcoin wallet address.
- Make a deposit.
- Click the “Exchange” button.
The service will automatically calculate the amount in Ethereum (ETH) at the current exchange rate, find current transactions and select the most advantageous offer. Once you confirm the transaction, it will be automatically completed and the coins will be sent to your wallet. The platform supports over 3,900 different coins and tokens, as well as crypto-fiat transactions.
This exchange method is one of the fastest and safest, as your cryptocurrencies are only outside your wallet for the duration of the transaction. There are no geographical restrictions for platform clients, and services are available to everyone.
Changelly
One of the most popular cryptocurrency platforms, which supports about 500 digital assets. Not only the most expensive cryptocurrencies are available here, but also more affordable popular altcoins. Account registration is not required, there are no geographical restrictions for users. The service is integrated into some crypto wallets and provides internal swaps.
ChangeNOW
Technically, this platform differs little from those mentioned above, but the number of supported cryptocurrencies is slightly lower. Registration and account verification are not required to access trading.
SimpleSwap
This is another cryptocurrency platform with fast swaps of about 600 digital assets. The platform cooperates with large CEXs and does not experience any problems with liquidity. The service’s services are available to users from all over the world.
Coinswitch
The service supports over 400 coins and tokens. Registration and account verification are not required.
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