Swap crypto

Centralized exchanges, such as Coinbase or Kraken, are platforms owned or operated by a central organization that facilitates transactions between users. Many CEXes offer crypto swapping services, chiefly differentiating their offerings through the variety of available trading pairs as well as their transaction fees. Because most users start their crypto journeys with a centralized exchange, they are designed to be user-friendly. As an arm of the custody service, your crypto received in the swap will remain under control of the exchange. Bitcoin swap Picking the best crypto exchanges with the most coins is a lot like picking the best crypto exchanges. It’s just that the number of cryptocurrencies and markets on each exchange is given more weightage. This is also the reason why exchanges like Gate.io and MEXC rank higher than Binance and FTX. 

Investment diversification, or spreading investments over multiple assets, is a well-known practice to hedge against ‘unknown-unknowns,’ the black swan events that no one can predict. Trading to rebalance a crypto portfolio is one way to diversify a crypto portfolio. Cookie settings The second reason is that virtually any cryptocurrency can be exchanged for another on the platform. While the total number of fiat currencies are just over 15, basically every coin that has even a small user base is available to swap on SimpleSwap.