Crypto swap sites are the backbone of digital currency ecosystems. This guide lists 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.
KEY TAKEAWAYS
• Crypto swapping allows users to trade one crypto directly for another without requiring a fiat intermediary.
• The process tends to incur lower fees than traditional crypto trading.
• Some of the top sites to instantly swap crypto include Binance Convert, Bybit Convert, and Exodus.
• Consider liquidity, security, and usability as well as the fee structure when choosing a platform.
- Top crypto swap sites in 2024
- 1. Binance Convert
- 2. Bybit Convert
- 3. Exodus
- 4. CoinStats
- 5. Nexo Swap
- 6. BingX Convert
- 7. Ledger Swap
- 8. Paybis
- 9. SimpleSwap
- 10. SwapSpace
- 11. StealthEX
- 12. ChangeNOW
- 13. Godex
- 14. Changelly
- Crypto swap sites compared
- What is crypto swapping?
- How to choose a crypto swap site
- What is the best crypto swap site for you?
- Frequently asked questions
Top crypto swap sites in 2024
1. Binance Convert
We found Binance Convert to be one of the most user-friendly and efficient platforms for swapping crypto. The UI/UX combo is balanced just right to keep things simple and practical for both new and experienced users. It supports most of the coins and tokens listed on the Binance crypto trading platform, which means you get a wide range of options to choose from.
Swapping on Binance Convert is generally quick. The platform shows you a preview of the conversion rate along with the amount of crypto you will receive after the swap is complete. That makes the whole process transparent and easy to handle.
- Strong reputation for reliability and security.
- Binance supports a large number of cryptocurrencies and trading pairs.
- The platform offers various features to enhance user experience and trading efficiency.
- Binance offers ways to earn passive income through staking and other methods.
- Supports a variety of payment methods for convenience.
- Binance is known for its responsive and helpful customer support.
- Due to its wide range of features and trading options, Binance might be overwhelming for those completely new to crypto trading.
- While Binance offers great online customer support, it does not currently provide phone support, which some users may find inconvenient.
Bybit Convert takes one of the top spots on this list due to its simplicity. The platform is similar to Binance Convert in many ways. It is user-friendly and does not charge any fees for swaps. The platform uses Bybit’s order books and market makers to ensure a competitive exchange rate along with minimal slippage.
Because it does not charge any fee for asset conversion, you don’t have to pay miner fees for two-way transfers. Conversion is currently available through Funding, Derivatives, and Inverse Derivatives Accounts. You can transfer your funds to any one of these accounts to execute the swap — simple as that.
- Professional grade trading and matching engine
- Low fees
- High liquidity
- Advanced trading features
- Highly functional web and mobile trading platform
- High security
- Attractive referral program and bonuses
- Limited selection of crypto assets
- No fiat withdrawals
3. Exodus
Exodus was an easy pick — it is one of the most popular non-custodial crypto wallets around with a built-in crypto-swapping functionality. But that’s not the only reason for selecting it — Exodus also lets you manage more than 1,000 assets spanning 50+ blockchains. So, you can swap, store, and spend your assets right from the same platform. For example, you can swap Ethereum directly within the Exodus wallet to diversify your crypto portfolio or to use it in various DeFi protocols.
Another key advantage Exodus offers its users is that it is a cross-platform wallet. So, you can use it across multiple devices, be it a smartphone, tablet, or computer.
- Supports multiple blockchains, assets, and NFTs
- Zero swap fees
- Multi-platform support
- 24/7 customer support
- Limited features compared to competitors
4. CoinStats
If you have never used CoinStats before, you first need to know that it is not just a platform for swapping crypto. It is a comprehensive crypto portfolio manager that lets you manage all your wallets and exchanges from one unified interface. Additionally, CoinStats also lets you buy, track, stake, and swap your crypto. So, it’s a natural fit for anyone who does not want to juggle multiple apps or websites for swapping, portfolio tracking, and trading. You get the whole package with CoinStats.
CoinStats was a natural inclusion on this list as it makes crypto swapping super easy. You can connect your wallet(s) like Coinbase or MetaMask and start swapping right away on multiple blockchains including Avalanche, Ethereum Mainnet, and BNB Smart Chain.
- Supports multiple exchanges
- Both free and premium options
- Mobile apps for IOS and Android
- Provides users with data and analytics
- DeFi Swap slightly more costly compared to competitors
Nexo is another leading asset management platform with a built-in crypto-swapping feature within the Nexo Wallet. While it may not have the easiest UI/UX combo compared to some of the other options on this list, it is one of the most reliable options. With over 7 million users across 200 jurisdictions, Nexo commands the kind of reputation and track record you should expect from a go-to asset management and swapping platform.
We chose Nexo because its swap functionality lays every bit of important information out in front of you before you execute the swap. You also get to specify how much slippage you are comfortable with, which is a handy feature.
- No-fee trades. The platform is financed by spreads
- Free withdrawals
- High NEXO token buy-in requirements. To qualify for the highest loyalty levels, users need to purchase a significant amount of NEXO tokens.
- NEXO token price can decline significantly over time
- Limited availability of key products for some users in major markets such as the U.S.
- Minimum withdrawal limits (e.g., 0.001 BTC, 0.01 ETH)
BingX is a fast-growing cryptocurrency exchange that has steadily built a loyal global user base thanks to its competitive fee structure and useful features like copy-trading. BingX Convert is a tool in the broader BingX ecosystem that lets you convert an asset in your portfolio into another within the metaphorical blink of an eye.
So far, BingX Convert only supports swapping a limited number of major cryptocurrencies such as BTC, ETH, USDT, and so on. However, what it lacks in terms of choice, it compensates for with its neat interface. BingX Convert is very easy to use, even if it’s your first day using a crypto platform. So, if you are a beginner and/or someone with a portfolio that doesn’t include too many lesser-known or obscure assets, BingX Convert might be the right fit for you.
- Wide variety of cryptocurrencies
- Multiple trading options, including crypto conversion
- Passive income opportunities
- Competitive swapping and trading fees
- User-friendly app
- Regulatory compliance (registered in the U.S., Canada, Australia, and the E.U.)
- No leverage for spot trading
- High withdrawal fees
- Limited customer support options (no call center)
7. Ledger Swap
In our assessment, Ledger Swap offers the most secure way to swap your crypto even though it doesn’t have its own swapping platform. Ledger has joined forces with third-party swap providers such as Changelly to let you execute your swaps securely using its Ledger Live app.
Once a swap is initiated via the app, you can review and accept the proposed exchange rate and confirm the transaction. This is where Ledger’s unique security feature comes into play.
Ledger’s hardware devices have a special chip inside called Secure Element. This chip creates a secure digital signature for your swap, covering both the crypto you are sending and the crypto you are receiving. This makes it harder for anyone to tamper with your transactions. While it may sound complicated, the process is similar to other swapping platforms from a user perspective. Plus, both the swapping and trading fees are reasonable.
- It supports native staking and non-fungible tokens (NFTs)
- The availability of a mobile application with a Bluetooth connection offers flexibility and ease of use
- A comprehensive library for crypto education is available, aiding both beginners and experts in enhancing their crypto knowledge.
- A special chip inside the device ensures secure transactions.
- The software used by Ledger Swap is not fully open source, which might limit the level of customization and transparency some users seek.
8. Paybis
Paybis is a great choice if you’re looking for a simple and safe way to buy, manage, and swap your crypto. It’s really popular in the U.S., Canada, and Northern Europe. Every user’s crypto is stored at its own unique address, which can be checked on any blockchain explorer.
Another good thing about the platform is the speed at which transactions happen, especially swaps. Beside facilitating fast transactions, Paybis is also perfect for low-cost trading, allowing you to begin with as little as five dollars.
- User-friendly interface and streamlined design
- Wide range of payment methods
- Secure asset storage with on-chain wallets
- Enhanced security with MPC technology
- Fast payouts and security checks
- Low commissions and entry threshold
- No phone support
- Higher card processing fees, especially outside the U.S.
9. SimpleSwap
SimpleSwap offers a straightforward way to buy, trade, and swap crypto. You get more than 500 coins on the platform, and there’s no need to sign up before you start swapping. You can choose between floating or fixed rates, and even earn rewards through their affiliate and loyalty programs. Of course, you will need to create an account to leverage some of these added perks.
We chose SimpleSwap because, as the name suggests, it keeps things simple and focuses on delivering fast transactions. Customer support services are generally good too. It also lets you swap Bitcoin, which may not be available on some of the other swapping platforms on this list.
- SimpleSwap offers a diverse range of over 500 coins through some of the world's largest exchanges.
- The platform is among the most user-friendly options available in the cryptocurrency market.
- SimpleSwap incentivizes user engagement with loyalty and affiliate programs that can yield profitable exchange rates.
- The platform lacks advanced trading tools like automated trading bots and copy trading.
- Know Your Customer (KYC) protocols may become mandatory when resolving transaction disputes, which could potentially complicate the process for some users.
10. SwapSpace
SwapSpace is a one-stop destination for finding the best deals on crypto trades and swaps. Instead of hopping around to different exchanges, SwapSpace shows you the most competitive rates from all over the world. It works with a bunch of different exchanges and offers prices for over 600 different cryptocurrencies and tokens, making it a clear contender for the title of best crypto swap site. Overall, the platform saves you time and helps you score the best deals, which is especially important in a volatile market when prices are changing constantly.
Moreover, just like SimpleSwap, SwapSpace also doesn’t require you to sign up. So, you can start swapping straight away without having to divulge any personal information.
- SwapSpace provides the best exchange rates for numerous crypto pairs all in one place
- There's no need for an account or registration process to exchange crypto
- SwapSpace does not charge any additional fees for transactions
- Transactions speed might slow down in cases of high trading volumes or blockchain congestion
- SwapSpace only supports the exchange of crypto, limiting users who might want to transact with other assets.
- To use SwapSpace, users need to have a digital wallet for storing crypto
11. StealthEX
As you can probably guess from the moniker, StealthEx is all about dodging anything that doesn’t gel well with your privacy. It lets you swap your crypto quickly and privately. We like the straight-to-the-point interface, which comes with no distractions or frills.
Again, there is no account needed — you swap from your wallet directly. There are no limits on how much you can swap, and the platform offers a huge selection of over 700 cryptocurrencies. So, all things considered, you are likely to find what you are looking for, even if it is a relatively lesser-known or obscure crypto.
- StealthEX supports a wider variety of crypto assets compared to other exchanges
- There are no trading limits
- StealthEX allows trades to be executed through a hardware wallet, enhancing security.
- It prioritizes user privacy by not collecting personal information and funds (No KYC)
- StealthEX does not charge additional fees, making transactions more cost-effective.
- The user interface is simple and easy to use.
- StealthEX does not offer loyalty bonuses or fee discounts
- The platform lacks additional features for advanced traders
- Users can only use a credit or debit card to execute trades for their purchases
12. ChangeNOW
ChangeNow is another option worth considering if you are looking for a platform that supports a massive range of cryptocurrencies. On ChangeNow, you can buy, trade, and/or swap more than 400 coins and tokens.
What we found particularly enticing about the platform is the limitless amount of crypto you can trade or swap. Additionally, it is somewhat more privacy-friendly than a number of the other options on this list. And last but not least, there are no hidden fees — so the transparency factor checks out as well. Additionally, you get to swap Bitcoin for a reasonable network fee (and other exchange charges), which are already included in the listed rate.
- It's an easy-to-use, non-custodial service, which means you maintain full control over your assets.
- The platform operates with transparency, ensuring there are no hidden fees.
- It supports a wide range of assets, including NFTs, providing a diverse portfolio for trading.
- Fiat currencies are accepted for buying crypto, adding to the platform's versatility.
- ChangeNOW provides a broad range of products in the ecosystem
- The platform offers a beneficial affiliate program
- Not every fiat currency is available
Godex has Bitcoin and more than 300 altcoins listed on its platform — a greater and more diverse number than most exchanges offer. It is another privacy-friendly platform that doesn’t require you to undergo any drawn-out KYC procedures. In fact, you don’t even need an account to start swapping.
Another positive attribute we noticed about Godex is that it lets you choose between floating and fixed rates. So, if the market is fluctuating too wildly for your comfort, you can always settle for a fixed rate. This way, you don’t have to worry about the prices suddenly changing and messing up your trade. Additionally, Godex is connected to other big cryptocurrency exchanges, which means it is able to offer some of the best prices on the market.
- No limits on deposits, trading, or withdrawal
- No account registration
- A large variety of altcoins
- Non-regulated platform
- No fiat option
- Does not support any advanced order types
14. Changelly
Changelly makes the list due to its extensive offerings — the platform supports over 500 different types of crypto assets for swapping. This number surpasses most other crypto exchanges and brokerages, making it an appealing platform for those interested in acquiring smaller, potentially high-growth currencies.
Despite its wide range of crypto, Changelly only accepts three traditional fiat currencies: the U.S. Dollar (USD), the British Pound (GBP), and the Euro (EUR). One key advantage of Changelly is its competitively low crypto-to-crypto exchange fees. Before making a transaction, you can preview and compare the rate and fees against other exchanges, ensuring you get the best value for your money.
Changelly also partners with multiple wallet providers such as Ledger, Trezor, Trust Wallet, and Exodus. As many crypto users prefer not to use custodial exchanges due to a lack of control over their keys, Changelly serves as a viable alternative. It allows you to securely swap one cryptocurrency for another directly from your wallet, maintaining control of your private keys throughout the process.
Unlike many larger, regulated U.S. exchanges, Changelly only requires your email address for usage, preserving your anonymity. However, if you choose to pay with a traditional currency, you’ll need to provide more information for third-party payment services.
Changelly is also user-friendly. Once you’ve connected your wallet to your Changelly account, which is the most complex part of the process, using the platform is simple. You can easily select the cryptocurrency pair you want to swap, check the exchange rate, and send the necessary cryptocurrency to the provided address, either through the web platform or mobile app.
- Wide range of cryptocurrencies
- Low crypto-to-crypto exchange fees
- Integration with crypto wallets (Ledger, Trezor, Trust Wallet, and Exodus)
- No KYC is required
- Easy to use
- Not regulated in the U.S.
- High fiat-to-crypto rates
- Limited payment options, it only accepts three traditional fiat currencies (USD, GBP, EUR).
- High minimum trade amounts.
Crypto swap sites compared
Availability | Swap fees | Supported assets | |
---|---|---|---|
Binance Convert | E.U. & 100+ countries | No fees | BTC, ETH, USDT & 350+ |
Bybit Convert | E.U. & 150+ countries | No fees | BTC & 320+ |
Exodus | Global | No swap fees | ETH & 50+ |
CoinStats | E.U., C.I.S., M.E.N.A., and 100+ | 0.5% for free plan or free for Premium plan | ETH & 50+ |
Nexo | E.U. & 200+ | No fees | BTC & 60+ |
BingX Convert | E.U. & 100+ | 0.2% | BTC & 500+ |
Ledger Swap | E.U. & 60+ | 0.25% | BTC & 45+ |
Paybis | U.S., CA, DACH, Northern Europe, and more | Variable | 80+ |
SimpleSwap | E.U. & 100+ countries | No fee | BTC & 500+ |
ChangeNow | E.U. & 150+ | 0.5% to 4% | BTC & 400+ |
SwapSpace | E.U. & 150+ | No fees | BTC & 600+ |
StealthEx | E.U. & 150+ | 0.4% | BTC & 700+ |
Godex | E.U. & 100+ | 1.5% | BTC & 300+ |
Changelly | E.U. & 150+ countries | 0.25% | BTC & 500+ |
What is crypto swapping?
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 crypto 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 for Solana, you will get $100 worth of Solana minus any fees that the platform may charge for the transaction.
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.
In contrast, a crypto swap allows you to directly exchange one crypto for another without the need for the fiat currency stage. Due to the direct nature of the transaction, crypto swapping is easier, faster, and more cost-efficient than buying and selling.
How to choose a crypto swap site
First things first, security is key. Make sure your chosen platform 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.
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 largely depends on your specific needs and circumstances. While it’s easiest to opt for the swap site with the lowest fees, it’s wise not to make this your sole criterion. While 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 good 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. 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.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.