14 Best Sites To Instantly Swap Crypto for the Lowest Fees

Crypto swap sites are the backbone of digital currency ecosystems. Whether you’re looking for a platform offering a fixed or a floating rate, these sites provide an array of services that cater to every need. Stay tuned as we cover the best platforms to instantly swap crypto for the lowest fees in 2024. Here’s what you need to know and how to choose the best crypto swap site for you.

Top 14 sites to swap cryptocurrency in 2024

ExchangeWhy we chose it
Binance ConvertUser-friendly and efficient, supports most Binance-listed coins, offers quick swaps with transparent conversion rates.
Bybit ConvertNo fees on swaps, uses order books for competitive rates and minimal slippage, simple process via multiple accounts.
ExodusPopular non-custodial wallet, supports 1,000+ assets across 50+ blockchains, cross-platform compatibility.
CoinStatsComprehensive crypto portfolio manager, easy swaps on multiple blockchains, connects to various wallets like Coinbase and MetaMask.
NexoReliable asset management platform with swap functionality, transparent slippage options, and over 7 million users.
BingX ConvertEasy to use, supports major cryptocurrencies, competitive fee structure, and ideal for beginners.
Ledger SwapMost secure swapping via Ledger Live, uses Secure Element chip for transactions, partnered with Changelly.
PaybisSimple and safe for buying, managing, and swapping crypto, popular in the U.S., Canada, and Northern Europe.
SimpleSwapNo sign up needed, supports 500+ coins, offers floating and fixed rates, and good customer support.
ChangeNowSupports 400+ cryptocurrencies, no limits on trades, privacy-friendly, no hidden fees.
SwapSpaceAggregates best rates from multiple exchanges, supports 600+ cryptocurrencies, no sign up required.
StealthExPrivacy-focused, supports 700+ cryptocurrencies, no account needed, and unlimited swaps.
GodexSupports Bitcoin and 300+ altcoins, no account needed, offers floating and fixed rates, connected to big exchanges.
ChangellySupports 500+ cryptocurrencies, low exchange fees, partners with multiple wallet providers, preserves anonymity.

1. Binance Convert

Best for daily crypto conversions
Availability
E.U. & 100+ countries
Supported assets
BTC, ETH, USDT & 350+
Swap fees
No fees

2. Bybit Convert

Best for experienced investors
Availability
E.U. & 150+ countries
Supported assets
BTC & 320+ digital assets
Swap fees
No fees

3. Exodus

Best for customer service
Availability
Global
Supported assets
ETH & 50+
Swap fees
Exodus does not charge swap fees

4. CoinStats

Best for portfolio management
Availability
E.U., C.I.S., M.E.N.A., and 100+
Supported assets
ETH & 50+
Swap fees
0.5% for free plan or free for Premium plan

5. Nexo Swap

Best for instant swap
Availability
E.U. & 200+
Supported assets
BTC & 60+
Swap fees
No fees

6. BingX Convert

Best for brokerage services
Availability
E.U. & 100+
Supported assets
BTC & 500+
Swap fees
0.2%

7. Ledger Swap

Best for security
Availability
E.U. & 60+
Supported assets
BTC & 45+
Swap fees
0.25%

8. Paybis

Best for easy and secure crypto transactions
Availability
U.S., CA, DACH, Northern Europe, and more
Supported assets
80+
Swap fees
variable

9. SimpleSwap

Best for simplicity
Availability
E.U. & 100+ countries
Supported assets
BTC & 500+ digital assets
Swap fees
No fee

10. SwapSpace

Best for choosing exchange rates
Availability
E.U. & 150+
Supported assets
BTC & 600+
Swap fees
No fees

11. StealthEX

Best for speedy transactions
Availability
E.U. & 150+
Supported assets
BTC & 700+
Swap fees
0.4%

12. ChangeNOW

Best for reliability
Availability
E.U. & 100+
Supported assets
BTC & 400+
Swap fees
0.5% to 4%

13. Godex

Best for confidentiality
Availability
E.U. & 100+
Supported assets
BTC & 300+
Swap fees
1.5%

14. Changelly

Best for privacy (No KYC)
Availability
E.U. & 150+ countries
Supported assets
BTC & 500+
Swap fees
0.25%

What is crypto swapping?

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Crypto swapping is a process that allows you to trade one crypto directly for another. For instance, you might want to swap Ethereum for another crypto to participate in a new blockchain project. This is more convenient than using traditional crypto-to-fiat or Bitcoin exchanges — where you first need to sell your existing cryptocurrency for a fiat currency like U.S. dollars, then use those dollars to buy the assets you want. 

A swap involves an equivalent amount of both cryptocurrencies based on their current market values. In other words, if you are swapping $100 worth of Cardano to Solana, you will get $100 worth of Solana minus any fees that the platform may charge for the transaction.

Overall, swapping makes it a win-win situation for you both in terms of time and money saved (swaps usually incur less fees).

Difference between a trade and a swap

Although the terms “swap” and “trade” might seem similar, they have distinct meanings. Trading on a crypto trading platform usually involves selling one crypto for a fiat currency like dollars or euros and then using that fiat currency to buy a different cryptocurrency. This process often incurs fees at each step.

In contrast, a crypto swap allows you to directly exchange one cryptocurrency for another without the need for the fiat currency stage.

Benefits of crypto swapping

Crypto tokens are not simply digital money. Their role extends far beyond being just a store of value. For instance, they serve as the gateway for you to participate in their respective blockchain ecosystems. By holding a particular token, you become entitled to certain rights and privileges within that project’s network. 

For example, you might earn the right to vote on key decisions that could impact the project’s direction. Similarly, you might unlock the ability to stake that token and earn rewards in return. 

Swapping makes it easy for you to acquire different tokens easily. That, in turn, gives you access to a wider range of blockchain projects and their unique features. This means you can explore new opportunities, diversify your crypto holdings, and actively contribute to the growth and development of the projects you find most promising. Decentralized exchanges often facilitate these swaps.

Sometimes, swapping becomes an absolute necessity for covering transaction fees as certain blockchains only accept their own native token. Similarly, DeFi projects often require you to hold specific tokens to participate in their ecosystem. For example, if you are holding Bitcoin only but want to partake in a DeFi project, you need to swap some of your BTC for ETH or another token compatible with that specific blockchain.

How to choose a crypto swapping site

First things first, security is key. Make sure the site uses strong measures like two-factor authentication and encryption to keep your funds safe. Check if it is non-custodial and if it stores assets offline in “cold storage” for extra protection. Next, user-friendliness matters. A neat and practical interface can turn crypto swapping into the proverbial walk in the park. Don’t get stuck with a clunky platform that hinders your activities.

Variety is essential if you are someone who likes to explore options. So, make sure the platform offers a wide range of assets to swap. This gives you more ways to diversify your portfolio. At the risk of stating the obvious, fees can easily eat into your profits. So, you must compare the fee structures of different sites. Ideally, you should look for a platform with competitive rates, but remember, the cheapest option isn’t always the best. After all, you should not be willing to sacrifice security or service quality for a few cents saved. Speed and reliability are also crucial. You don’t want to miss out on a trade because of a slow or unreliable platform.

Liquidity is another important factor. This means how easily you can buy or sell your crypto without impacting the price too much. High liquidity platforms usually offer better prices and faster trades.

Finally, let’s not forget about customer support. A good platform should have responsive and helpful customer service in case you run into any issues. Always check the platform’s reputation. Read reviews and see if there have been any security breaches or complaints in the past. A well-respected platform is usually a safer bet.

What is the best crypto swap site for you?

Determining the best crypto swap site for you largely depends on your specific needs and circumstances. The overall process is more or less the same as that of choosing a crypto trading platform. While it’s easiest to simply opt for the swap site with the lowest fees, it’s wise not to make this your sole criteria. While all of the platforms listed above boast low fees for crypto swapping, there are other differentiators to be aware of. For instance, some sites allow you to swap crypto without requiring any identity verification (KYC) process. This makes them a great choice for users who want to maintain their privacy.

If you’re looking for more than just a simple swap service, a crypto exchange for beginners could be more suited to your needs. Cryptocurrency exchanges offer a wider range of features, including advanced trading interfaces, investment opportunities, crypto loans, NFT marketplaces and even crypto-linked VISA cards. Regardless of the platform you choose, remember to prioritize security at all times and never invest more than you can afford to lose.

Frequently asked questions

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