Crypto.com is one of the fastest-growing crypto apps in the world. This online platform renders you enough access to all the vital facilities such as exchange and DeFi wallet to invest in cryptocurrencies. Many investors use this platform to purchase, sell, trade, and store cryptocurrencies. Besides, you can easily Swap Coins On Crypto.com.

As soon as you have purchased a cryptocurrency with fiat, the swapping world of cryptocurrency will open up. Swapping does not utilize conventional financial rails, unlike purchasing and selling crypto, because it does not involve fiat currencies. With the Crypto.com wallet, you can easily swap the crypto-coins of your choice.

Things to know about swapping coins on Crypto.com

Did you know that the mechanism of trading and swapping coins are the same? However, the difference in outcome is essential. If you trade crypto, it means you are performing the trade according to the order book. Additionally, you can execute the trade based on the available trading pairs on the specific exchange. This is the exact process of swapping, but you will do it more flexibly.

Yes! You can swap any cryptocurrency for another, even if that pair is not live on the market. This process removes the need to pay transaction fees more than once. When you swap a small amount, convenience is the biggest concern. Remember that the crypto swapping concept is suitable for any level of volume. You can easily swap the coins on popular platforms such as Crypto.com according to your needs.

In many cases, crypto swapping is the best and immediate solution for your requirements, although it has nothing to do with the profit. The swap function lets users swap crypto coins without prior trading knowledge. The whole process is super-fast and straightforward. Thus, crypto users will follow the process without confronting any hassles. When it comes to swapping crypto on Crypto.com, you should consider two critical factors such as:

  • Platforms or venues you use for swapping the crypto. It includes centralized or decentralized exchanges, DeFi wallets, and peer-to-peer marketplaces.
  • Next, you should pay attention to where your crypto coins go after swapping them. The primary options are swapping coins into the crypto wallet you control (self-custodial wallet) and into the crypto wallet that someone else controls (centralized crypto exchange).

Reasons to swap coins on Crypto.com

Swapping crypto renders flexibility and lets you gain the position you wish in the flow of things. Whether you use decentralized or centralized exchanges, it assists you in being more conscious of the ever-changing crypto value. Remember that you should not make crypto swapping to make a profit. Or else the entire process is convenient and trouble-free. There are plenty of reasons for swapping the crypto coins for another on Crypto.com.

Some of them are diversifying the crypto portfolio and swapping to the lower transaction fee chain. Next, users utilize the swap option to escape the crypto volatility. The value of the cryptos such as bitcoin and Ethereum is changing every minute daily. Since there is no market open and close like in traditional stocks, users need to make a smart decision to safeguard their investment. Trading usually takes 24×7 throughout the year, and thus swapping coins to the stablecoin is a reliable way to escape crypto volatility and grab other benefits.

Steps to swap coins on Crypto.com

Are you thinking about how to Swap Coins On Crypto.com? Remember that the Crypto.com wallet has an in-built swap function that allows you to swap the crypto coins effortlessly. But, it is necessary to follow the below-mentioned steps carefully.

  • Open the Crypto.com wallet on your device
  • Tap the “swap” button on the app’s home screen
  • Choose the coins you wish to swap. For instance, swap from Bitcoin -> Ethereum.
  • Enter the amount of crypto coins you want to swap. You must input the amount in the swap “from or to” coins. Then, tap “swap.”
  • Check the details such as network fees and press the swap button to confirm
  • Authorize the transaction with your 2FA code and passcode if it is enabled
  • If everything is correct, the swap transaction will submit successfully.
  • You must wait until the swap to be confirmed on-chain. Once the transaction is completed, go to the corresponding wallet to check the balance.

Fees for swapping coins on Crypto.com

The fees for swapping coins on Crypto.com completely depend on the platform and payment method used. For instance, if you swap the coins on a decentralized exchange, it is necessary to consider the network fee for transacting on the blockchain. In addition, you must check the fees for accessing the exchange. In general, decentralized exchanges have the lowest fees for accessing this service. Apart from that, exchange services charge extra fees for facilitating trades. So, try to make the larger swapping to lower the overall fees.

How to reach the customer support

If you cannot swap coins on Crypto.com or confront certain troubles, you can seek help from a professional. Crypto.com allows you to connect with the customer support team to solve issues regarding crypto transactions. It means users do not need to look here and there to find the solution for their problems.

Users can connect with crypto.com through the in-app chat feature available within the app or send an email to the Crypto.com support team at [email protected] Users will get an immediate response from both options. So, they can utilize the right method suitable for their needs and convenience.

Conclusion

Now, you know in-depth how to Swap Coins On Crypto.com. Try to use the abovementioned steps to easily swap the coins of your choice. You can also seek the experts’ assistance when confronting troubles while swapping coins. Both the Crypto.com app and wallet are safe to use. It helps you to do multiple things, such as buying, selling, and swapping coins, without any risk of fraud.

Also Read:- How To Increase Withdrawal Limit on Crypto.com?

Crypto owners often demand the best place to exchange currency. Everyone should understand the essential function of the platform and learn important guidelines relevant to Exchange Crypto On Crypto.com.

With the advent of technology, you can find a reputable portal in the crypto market for exchanging digital assets quickly. Crypto.com is a popular place for many investors and traders to enjoy different functions. If you are a crypto user, you can follow simple steps to Exchange Crypto On Crypto.com and exchange them without hassle. You must learn how they run, the type of order, trading pairs, and what way to execute.

  • People rely on popular exchange when deciding to swap a token.
  • It is a highly demanding place because of a better price and liquidity.
  • Crypto.com supports crypto-fiat pair and let users exchange from one currency to another.
  • Trading pair helps you determine which asset to exchange for one another.
  • The platform lets people purchase digital currency with US dollars and sell them with US dollars.
  • You may also trade crypto to crypto pairs at the platform securely.
  • Crypto.com users provide accurate details and exchange an asset.

Also Read:How To Withdraw Money From Crypto.com To Bank Account?

Procedure to Exchange Crypto On Crypto.com:

Crypto.com has an excellent exchange function and attracts many users. Exchange currency becomes easy when using such a portal. You can never spend too much time switching one asset to another. It comes with a built-in swap function that helps the user to exchange digital tokens.

Exchange features can power by pancake protocol, defi swap protocol, spookyswap protocol, and a lot more. With the help of these things, you can exchange all digital tokens on the significant network easily.

  • First, visit the official portal and log in to the crypto.com account.
  • After that, move to the swap tab.
  • Choose from and network and currency to see the estimated exchange price.
  • Then, input either from or to the token amount and tap exchange.
  • Users must review protocol, network, exchange price, swap pair, minimum obtain, network fee, and maximum sold.

When swapping through 1inch V4, you can spend an additional amount for the service fee. The exchange price can be general for a service fee. Receive amount can estimate based on adjusted price after fee deduction. People can enjoy a service waiver for a limited time. You can follow every step carefully to Exchange Crypto On Crypto.com.

  • After reading the necessary details, you can confirm the exchange and authorize the transaction with a 2FA code and passcode.
  • A transaction can submit successfully.
  • Users must wait for time to get a confirmation for exchange.
  • Once you get confirmation, you can opt for the ideal wallet to check your new balance.

Understand order types to Exchange Crypto On Crypto.com:

When crypto enthusiasts want to use crypto.com, they use significant types of orders like limit orders and market orders. A market order allows individuals to establish trade at any price available at the time.

  • Limit order helps traders to identify the price they want to transact and never execute until they find the right match.
  • Crypto owners must keep a proper account to perform trading.
  • You must check the market page and make the right decision to exchange assets.
  • Choose the right market you want to trade in and move to the ideal pair.
  • You can provide accurate details in the relevant field.

Place a buy order to Exchange Crypto On Crypto.com:

Once decide to exchange digital currency, you must place a buy order from the portal. Crypto.com welcomes millions of users to carry out exchange activity. If you have any doubts about Exchange Crypto On Crypto.com, you may also speak with the support team and access the right solution. They help you throughout all processes. Crypto exchange never restricts users from handling different activities.

  • Go to crypto.com official portal and log in to your account.
  • Then, click on exchange from the menu.
  • Choose the digital currency pair you want to purchase from the drop-down menu.
  • After that, the input price wants to purchase a digital asset like bitcoin, USDT, Ethereum, and others.
  • Enter the amount wishes to sell.
  • Next, review the order and check all details once.
  • You can ensure that all information is correct.
  • Finally, click on the buy button to place a trade.

The above steps are very useful for crypto owners to deal with exchange. They never struggle to make an exchange at the ideal portal.

Essential measures to Exchange Crypto On Crypto.com:

Crypto users must focus on specific measures to execute the exchange of one asset to another. You can spend time reading essential details related to Exchange Crypto On Crypto.com. You can focus on measuring and carefully handle further steps.

Price impact:

Price impact is the primary influence that trading has over the market price of digital currency pairs. It has a direct connection with a number of funds in the pool. When you perform exchange via wallet, you may interact with liquidity sources that bring the attractive price of trade. Crypto.com provides a defi wallet to users and keeps the asset in a secure place. It is best to optimize trade before starting the exchange. Price impact may affect different things like

  • Trade size relevant to liquidity pool size
  • Relevant swap protocol algorithm
  • You can never worry about how large a swap or trade is and ensure that pool offers excellent liquidity.
  • Digital currency price can move based on trade size relevant to pool size.
Slippage tolerance:

Slippage tolerance is an essential factor to consider. It is a crucial matter in an advanced setting for exchange. Crypto users identify the percentage range when an exchange will cancel to avoid the unexpected. You must check slippage tolerance if the swap index price deviates above a certain amount. On the other hand, you may also pay attention to the customizable range of tolerance. A basic understanding of exchanging digital currency is mandatory for users. So, you can dive into the right portal to take complete advantage and swap assets easily without obstacles.