Best Crypto Swap Sites in September 2024

Crypto swaps offer an alternative way to trade. You can instantly convert one crypto for another without engaging with market participants, meaning beginners don’t need to worry about volatility, limit orders, or liquidity.

Instead, simply type in the amount and choose which cryptocurrencies to swap. This guide ranks and reviews the 10 best crypto swap sites. Read on to discover the cheapest, safest, and most user-friendly way to swap crypto in 2024.

Reviewing the Top Crypto Swap Platforms

Read on to learn more about the top crypto swap platforms. We cover everything traders need to know, including security, fees, swap times, supported markets, and more.

1. Exodus – The Overall Best Option for Crypto Swaps   

Overall, we rate Exodus as the best place to swap cryptocurrencies. Exodus is primarily known as a non-custodial wallet, allowing users to safely store digital currencies away from centralized platforms. However, Exodus doubles as a decentralized swapping tool. This means users can directly swap tokens without leaving the wallet interface.

What’s more, the newly swapped tokens will immediately appear in the Exodus wallet. This adds an extra layer of speed and convenience. Exodus supports the best cryptocurrencies to buy from over 50 blockchain networks. This includes Bitcoin, Solana, BNB Chain, Ethereum, and Litecoin. Swaps are facilitated by external liquidity providers.

The benefit here is that Exodus never touches your cryptocurrencies. Instead, swaps go through smart contracts. Exodus chooses liquidity providers in real-time based on the best available price. However, do note that Exodus doesn’t have a flat pricing system. Swaps come with a market spread, which is only displayed when creating the order.

For more info, check out our Exodus review or the comparison between Exodus and Trust Wallet.

2. Margex – Top-Rated Derivative Exchange Offering Free and Instant Swaps   

We found that Margex is also one of the best crypto swap sites. This platform is primarily a derivative exchange. It enables traders to speculate on perpetual futures. Long and short crypto trading is supported, and the maximum leverage limit is 100x. What’s more, Margex is a non-KYC exchange. This means you can trade and swap cryptocurrencies anonymously.

The Margex swap tool supports nine cryptocurrencies. This covers BTC, ETH, SOL, LTC, MATIC, TRON, XRP, USDC, and USDT. Best of all, Margex doesn’t charge swap fees. It provides a real-time exchange rate based on market prices. The swap is immediately executed. The swapped cryptocurrencies will appear in your Margex wallet in seconds.

The minimum swap amount is $10 for all cryptocurrencies apart from USDT and USDC. These stablecoins can be swapped for just $1. The maximum swap amount for all cryptocurrencies is $30,000 per day. Margex is also worth considering if you’re looking to earn passive income while still using the funds to trade. It offers staking APYs of up to 5% with instant liquidity provision.

3. OKX – Swap Hundreds of Crypto Assets Without Slippage or Fees   

The next option to consider is OKX, a tier-one exchange with over 50 million users. OKX charges just 0.1% per slide when trading cryptocurrencies. And even less when meeting monthly trading milestones. That said, OKX also offers a crypto swap tool for beginners. This means you can avoid the spot trading exchanges and just choose which coins to swap.

Hundreds of cryptocurrencies are supported, including the best meme coins. This covers Pepe, Shiba Inu, Dogecoin, and more. However, there is a drawback – one side of the conversion must include ETH, USDT, USDC, or DAI. For example, you can swap SHIB for USDT. Or DOGE for ETH.

But you can’t swap SHIB for DOGE. Nevertheless, we like the fact that OKX doesn’t charge swap fees. Instead, it obtains the best exchange rate from liquidity providers. What’s more, swaps come without slippage, further reducing the cost. Getting started takes minutes. Just open an OKX account, deposit the crypto you want to exchange and execute the swap.

4. Bybit – A Great Option for Large Crypto Swaps With Limits of 99,999 USDT   

Bybit is a popular crypto exchange with over 40 million users. It supports thousands of markets, including spot trading, futures, and options. Bybit offers leverage of up to 125x, alongside earning tools like staking and liquidity mining. Bybit is also popular for its copy trading tool, allowing beginners to invest in crypto passively.

The Bybit swap tool is simple to use, and there are no slippage risks. Moreover, Bybit doesn’t charge additional fees. It extracts exchange rates from external liquidity providers. These are updated every 15 seconds, so you’ll always get the best available price. We also found that Bybit is suitable for small and large swaps alike.

For example, the minimum swap size is just 1 USDT. While the maximum is 99,999 USDT. That said, smaller limits can apply to less liquid cryptocurrencies. Another benefit is that swaps can be made directly from the charting area. This is ideal for active derivative traders who need to instantly top up their margin accounts.

5. Binance – The Best Swap Tool for Maximizing Decentralized Finance Yields   

Binance – the largest exchange for trading volume, is also one of the best crypto swapping sites. It’s a solid option for investors who want to maximize their decentralized finance (DeFi) earnings. This is because swaps can be made based on the highest APYs. Just tick the ‘Earn’ box to see what’s available. The swap will be executed instantly.

You can then deposit the respective cryptocurrencies into the chosen DeFi product. To offer some insight, Binance offers APYs of over 250% on ETH ‘Dual Investments’. The same product offers APYs of over 109% when depositing SOL. Another benefit is that Binance’s swap tool is compatible with all supported pairs.

This means you can also swap hundreds of cryptocurrencies for your desired fiat currency like EUR or TRY (and vice versa). Binance also offers a recurring swap tool. This can be a great way to smooth out the average exchange rate. For example, you could swap $10 worth of BTC for ETH every hour, for the next 10 hours.

6. Changelly – Non-Custodial Exchange Offering Cross-Chain Swaps on 500 Crypto Markets   

Changelly is another great option for swapping cryptocurrencies. It’s a non-custodial exchange, meaning there is no requirement to open an account. Users do not need to provide any KYC documents. Changelly uses external liquidity pools when executing swaps, meaning there’s no centralized involvement.

More than 500 cryptocurrencies are supported, too. This includes everything from BTC, ETH, and TON to TRX, ADA, and BNB. Unlike decentralized exchanges, Changelly doesn’t use a cross-chain bridge. Instead, users must first transfer the original crypto to the provided wallet address. This will be unique to the transaction, so it’s automatically credited.

Then, the receiving crypto is transferred directly to the user’s provided address. In terms of fees, Changelly charges 0.25% of the transaction size. This is often much cheaper than using cross-chain swaps, which can be costly. There are no issues with trust when using Changelly; it has been operating since 2015 and serves over 2.6 million traders each month.

7. ChangeNOW – Decentralized Swaps on Over 50,000 Crypto Pairs   

ChangeNow is an online exchange that offers non-custodial swaps. It supports more than 50,000 crypto pairs – making it a great option for building diversified portfolios. What’s more, users can find suitable cryptocurrencies by clicking on the ‘Gainers’ tab. This displays the best-performing cryptocurrencies in the past 24 hours, ranked by their percentage gains.

Users can buy these cryptocurrencies without leaving the swap tool. Do note it takes about 5 minutes for swaps to complete. This is because of the wallet-to-wallet system used. Similar to Changelly, users must manually transfer the coins to a unique wallet address. The newly purchased coins are deposited into the user’s stated wallet.

ChangeNow is a user-friendly platform accessible on browsers or a native app for iOS and Android. The minimum swap amount is just $2 and there are no upper limits. ChangeNow also has an ‘Excellent’ rating on Trustpilot, based on over 10,000 independent reviews.

8. KuCoin – Innovative Crypto Swap Tool With Custom Price Targets   

KuCoin is a trusted crypto exchange with 30 million users from over 200 countries. It offers a vast selection of trading instruments, including more than 800 spot cryptocurrencies. Low fees are a big pro, with KuCoin charging just 0.1% per slide. KuCoin is also a great option for derivative trading. It offers high-leverage futures contracts, settled in USD or the underlying coin.

That said, KuCoin’s swapping tool is also becoming popular. It comes with an innovative ‘limit order’ feature. This means the swap will only be executed once your target price is met. For example, suppose you want to swap USDT for ETH. The current exchange rate is 1 USDT = 3,000 ETH.

However, you want the swap executed at 1 USDT = 2,700 ETH.  If ETH drops to this level, KuCoin will immediately complete the swap. The newly received coins will be added to your KuCoin wallet. KuCoin doesn’t charge swap fees, and exchange rates are taken from internal liquidity pools.

9. Coinbase – User-Friendly Swapping Feature for Crypto and Fiat    

Coinbase is an established crypto exchange with over 100 million users. It’s regulated in multiple jurisdictions, including the US, UK, and Australia. Coinbase offers a user-friendly trading dashboard that’s ideal for beginners. No prior experience is needed – especially when using its swapping tool.

Coinbase supports almost 250 cryptocurrencies, including BTC, MATIC, SOL, ADA, LTC, and UNI. All supported markets can be swapped instantly without leaving the main dashboard. Moreover, Coinbase also supports fiat currencies. This includes everything from USD and EUR to AUD. The main drawback of Coinbase is fees.

It charges 1.49% on instant swaps. That’s a commission of $7.45 for every $500 traded. Coinbase also charges a market spread. This is built into the swap conversion, so users must calculate it manually. Another drawback is that all users must complete a KYC process – even when swapping cryptocurrencies. This will require a government-issued ID.

10. MetaMask – Popular Non-Custodial Wallet Offering Instant ERC-20 Token Swaps     

MetaMask is another wallet provider that doubles up as a swapping tool. It offers non-custodial wallets to over 100 million people globally. It supports multiple networks, including Ethereum, Base, BNB Chain, and Arbitrum. Best of all, MetaMask is completely free. It comes as a mobile app for iOS or Android.

MetaMask also supports popular browsers like Chrome and Firefox. Swapping tokens couldn’t be easier. Just select which cryptocurrencies you want to swap, and MetaMask will execute the trade via liquidity providers. This includes Uniswap, making MetaMask a great option for swapping ERC-20 tokens.

What’s more, the swapped tokens will appear in your MetaMask balance a few seconds later. Do note that MetaMask adds a 0.875% markup on crypto swaps. This is built into the exchange rate. That said, swaps are protected from slippage. This is because orders are split across multiple sources, ensuring you get the best price.

Crypto Swapping vs. Trading & Investing

Crypto swapping and traditional trading have similar outcomes. Users swap one crypto asset for another. However, the method of exchanging cryptocurrencies is different.

Traditional trading uses the spot market exchanges. This requires market participants who place buy and sell orders. Let’s take the BTC/USDT pair as an example. Suppose someone wants to buy $1,000 worth of BTC at $65,000. The order would only go through if there were enough USDT sellers at that price.

This is rarely an issue when trading large-cap pairs. However, it can be problematic when trading cryptocurrencies with limited liquidity. What’s more, traders must manually create orders when trading on exchanges. This might not be suitable for beginners without prior trading experience.

Conversely, swapping tools don’t leverage order books. Nor do traders need to manually create orders or specify prices. Instead, traders select which coin they have and which coin they want to receive. The tool will extract liquidity from available sources and immediately execute the swap. This will be done at the best available price.

Swaps are also ideal when converting cryptocurrencies that aren’t typically paired on exchanges. For instance, many cryptocurrencies trade against stablecoins like USDT or USDC. This means multiple trades are often required to obtain the desired crypto.

For example, suppose you’re holding BCH but want to swap it for APE. There are no BCH/APE pairs on exchanges. This means you’d likely need to trade BCH for USDT,  and USDT for APE. That said, crypto swaps are often more expensive than traditional trading. Prices are often opaque too, with trading fees built into the spread.

Crypto Swap-Only Sites vs. Crypto Exchanges

Some platforms specialize exclusively in crypto swaps. This means traditional spot trading markets aren’t supported. That said, swap-only sites do offer several benefits. To start with, there are rarely any KYC procedures. This enables traders to swap cryptocurrencies without uploading government-issued IDs. What’s more, no account is required.

This is because swaps are facilitated on a wallet-to-wallet basis. Some sites require users to connect a wallet to its platform. In other cases, users transfer cryptocurrencies to the provided wallet address. Either way, the swapping process is often anonymous and private. Another benefit is the added convenience. Users can avoid exchanges, order books, and other cumbersome metrics.

In contrast, traditional crypto exchanges offer a full suite of trading tools. This often includes comprehensive pricing charts, custom orders, and technical indicators like the MACD and the Fibonacci retracement. This means exchanges are more suited to active traders with proven strategies.

Traditional exchanges are also cheaper than swap-only sites. Prices are also more transparent. For instance, many exchanges charge just 0.1% per slide, which is multiplied by the trade size. For instance, a $1,000 order would cost $1. However, swap-only sites must obtain liquidity from external providers. This means prices are often built into the exchange rate.

This makes it challenging to know what you’re paying. That said, traditional crypto exchanges are increasingly tightening their KYC processes. This means users must provide personal information and verification documents. As mentioned, swap-only sites rarely demand these requirements.

How To Choose a Crypto Swapping Site?

Here’s what to consider when researching the best crypto swapping platforms:

• Supported Cryptocurrencies: First, explore which cryptocurrencies can be swapped. It’s best to choose a site that supports a wide range of coins and tokens from multiple blockchain standards. This will prevent the need to use multiple swap sites. Exodus, for instance, supports thousands of cryptocurrencies, making it a great choice for building diversified portfolios.
• Exchange Rates: Even the best crypto swap sites build prices into the exchange rate. This means you won’t know whether you’re getting a good price until you create the swap request. Moreover, it can be complicated to evaluate prices, as you’ll need to do multiple calculations. For example, suppose you want to swap 0.1 BTC for ETH. You’re quoted 2.34 ETH. You’d need to compare these rates with secondary sources.
• Trading Commissions: In addition to exchange rates, it’s also wise to check whether trading commissions are charged. For instance, MetaMask charges a 0.875% commission on swaps. Coinbase is even costlier at 1.49%. Conversely, many platforms offer fee-free swaps, making the process more cost-effective.
• Accounts and KYC: Many swap sites allow users to convert cryptocurrencies without opening an account. This also means KYC processes won’t be in place, so you can trade anonymously. However, this won’t always be the case – especially when swapping coins on traditional exchanges. As such, users should assess whether they want to trade anonymously before proceeding.
• Time Frame: It’s also important to evaluate how long the swap process takes. The best providers offer almost instant swaps, especially those using their own liquidity. However, providers using external liquidity pools can take longer. This can be problematic if you want to purchase a coin quickly.
• Reputation: It’s best to stick with reputable swapping sites with a large customer base. After all, you’ll be entrusting the site with your cryptocurrencies. All of the providers discussed on this page have millions of users, ensuring a safe and transparent environment.
• Accessibility: Users should also consider accessibility when choosing a crypto swap site. For example, Exodus is a non-custodial wallet that doubles up as a swapping tool. This means you can swap coins without leaving the wallet interface. However, some providers operate as exchanges, meaning you’ll need to deposit coins before swapping. This makes the swapping process less convenient.

How Do You Earn by Swapping Crypto?

Crypto swapping platforms offer a convenient way to earn passive income. This is because you can obtain coins that pay the highest yields. For example, suppose you’re currently staking ETH at APYs of 3.2%. You notice that SOL is offering APYs of 7%. Using a swapping tool means you can instantly swap ETH for SOL and immediately start earning higher interest rates.

Similarly, swapping tools are also great for buying trending cryptocurrencies. This is because you can enter the market quickly, without needing to deposit funds on exchanges or place orders. For example, you notice that a Base meme coin is rallying. You currently hold BTC, which the Base network doesn’t support. You can use a swap site to instantly convert BTC for the respective Base meme coin.

How to Swap Crypto

We’ll now explain how to swap crypto. We’re using Exodus for this walkthrough, which supports thousands of cryptocurrencies at competitive exchange rates.

Step 1: Download the Exodus Wallet

The first step is to download Exodus. Not only does the Exodus crypto wallet enable you to swap cryptocurrencies but also store them safely. Exodus is a non-custodial wallet, so nobody else has access to your private keys. This allows you to swap cryptocurrencies anonymously and retain full ownership of the coins.

So, visit the Exodus website and click the ‘Download’ button. Then download Exodus to your preferred device and operating system. It supports desktop software for Windows, Mac, and Linux. Exodus also offers an Android and iOS app. Plus, a browser extension for Chrome and Brave.

Open Exodus and create a password. It’s then wise to obtain the wallet’s backup passphrase. You’ll need this if you forget the password. Or the device holding Exodus is lost or stolen. Click on the ‘Security’ tab followed by ‘Backup’. Click the ‘View Secret Phrase’ button and write down the 12-word passphrase in the correct order.

Step 2: Add Crypto to Exodus

You’ll need to add some cryptocurrencies to Exodus before you can use the swap tool.

If you already have some crypto (e.g., on an exchange or in another wallet), you can perform a wallet transfer. Open Exodus, click the coin you want to deposit, and copy the unique wallet address. Transfer the coins to this address and wait for Exodus to refresh the balance.

If you don’t have any crypto, Exodus offers a fiat on-ramp. This allows you to buy cryptocurrencies with Visa, MasterCard, and other convenient payment methods. Do note that the fiat on-ramp will require a government-issued ID.

Step 3: Swap Crypto

Now you’ve got some crypto in Exodus, click the ‘Swap’ button. First, select the crypto you want to swap. In our example, we’re using BTC.

Then, select the crypto you want to receive. We’ve opted for ETH. Type in the number of coins you want to swap. We’ve entered 0.5 BTC. Exodus then sources the best market price in real-time. For instance, we’ll receive 11.45 ETH for our 0.5 BTC.

Confirm the swap if you’re happy with the exchange rate. The newly purchased coins will appear in your wallet almost instantly.

Conclusion

Crypto swaps are a great alternative to traditional exchanges. No prior experience is needed – just select which coins you want to convert. The trade should then be executed in real-time.

Our overall top pick is Exodus – the leading wallet provider offering non-custodial storage. Exodus users can swap thousands of cryptocurrencies without leaving the wallet interface. Best of all, Exodus is free.

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Kane Pepi

Editor

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Kane Pepi

Editor

Kane Pepi is an accomplished financial and cryptocurrency writer who has an extensive portfolio of over 2,000 articles, guides, and market insights. With his expertise in specialized subjects such as asset valuation and analysis, portfolio management, and financial crime prevention, Kane has built a reputation for providing clear explanations of complex financial topics. He holds a Bachelor's Degree in Finance and a Master's Degree in Financial Crime, and is currently pursuing his Doctorate degree, which focuses on investigating the complexities of money laundering in the cryptocurrency and blockchain technology sectors. Kane's wealth of knowledge and experience in the field make…

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