{"id":246510,"date":"2021-05-10T19:41:00","date_gmt":"2021-05-10T16:41:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-to-crypto-swaps-explained\/"},"modified":"2021-05-10T19:41:00","modified_gmt":"2021-05-10T16:41:00","slug":"crypto-to-crypto-swaps-explained","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-to-crypto-swaps-explained\/","title":{"rendered":"#Crypto-to-crypto swaps, explained"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3ac41228c86\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3ac41228c86\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-to-crypto-swaps-explained\/#What_are_the_challenges_beginners_face_when_buying_crypto\" >What are the challenges beginners face when buying crypto?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-to-crypto-swaps-explained\/#Do_crypto_swaps_always_have_to_happen_through_an_exchange\" >Do crypto swaps always have to happen through an exchange?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-to-crypto-swaps-explained\/#What_should_beginners_look_for_in_a_swapping_platform\" >What should beginners look for in a swapping platform<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/crypto-to-crypto-swaps-explained\/#Why_are_crypto-to-crypto_swaps_so_popular\" >Why are crypto-to-crypto swaps so popular?<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#Crypto-to-crypto swaps, explained<\/strong>&#8221;<\/p>\n<p style=\"float:right;margin:0 0 10px 15px;width:240px\"><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9jZWI1MWUwZDU0YjE4YzExYzA1NzExNjkyOGY4NzBlMy5qcGc=.jpg\" class=\"type:primaryImage\"><\/p>\n<pre><code>                How do crypto-to-crypto swaps work\u2026 and what are the top tips for performing them safely and cheaply?\n                &lt;h2&gt;Any top tips for storing cryptocurrencies safely?&lt;\/h2&gt;&lt;p&gt;&lt;\/p&gt;&lt;p dir=\"ltr\"&gt;&lt;em&gt;Always double-check the transaction before confirming and take precautions.&lt;\/em&gt;&lt;\/p&gt;&lt;p dir=\"ltr\"&gt;Of course, there are a few safety tips that you should follow. Be vigilant for phishing scams, and make sure that you\u2019re using the official Ledger Live <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>.&lt;\/p&gt;&lt;p dir=\"ltr\"&gt;Never share your recovery phrase, or store it in a computer or smartphone \u2014 and only trust the details that you see on the screen of your hardware wallet.&lt;\/p&gt;&lt;div style=\"background-color:#f0f0f0;color:#253137;font-weight:bold;padding:8px 21px\"&gt;Learn more about &lt;a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/changelly.com\/?utm_source=ct&amp;utm_medium=pr&amp;utm_campaign=ledger_promo&amp;utm_content=2021-05-10\" style=\"color: #253137\"&gt;Changelly&lt;\/a&gt;&lt;\/div&gt;&lt;div id=\"post-content\"&gt;&lt;p&gt;&lt;span style=\"color:#a9a9a9;font-size:12px\"&gt;Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice. &lt;\/span&gt;&lt;\/p&gt;&lt;\/div&gt;&lt;h2&gt;How do Changelly swaps through Ledger work?&lt;\/h2&gt;&lt;p&gt;&lt;\/p&gt;&lt;p dir=\"ltr\"&gt;&lt;em&gt;Ledger offers a hardware wallet combined with an app to securely manage crypto.&lt;\/em&gt;\n<\/code><\/pre>\n<p>It all begins by setting up your Ledger hardware wallet in a few simple steps. The dedicated Ledger Live wallet means that you can install all of the latest coin applications in the tap of a button.<\/p>\n<p dir=\"ltr\">In order to swap one cryptocurrency for another, you\u2019ll need to make sure you have access to the Exchange app \u2014 as well as applications for the two coins in your chosen trading pair.<\/p>\n<p dir=\"ltr\">Next, it\u2019s time to go to the Swap tab and pick the two cryptocurrencies in question \u2014 as well as the account of origin and the destination. Enter the amount you want to swap and double-check the rate that\u2019s on offer. Last but not least, verify the transaction details on your device, and get the swap confirmed.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_are_the_challenges_beginners_face_when_buying_crypto\"><\/span>What are the challenges beginners face when buying crypto?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\"><em>Finding a trustworthy provider, and certainty when it comes to fees, can be tricky.<\/em><\/p>\n<p dir=\"ltr\">Just like businesses with decades of trading experience gain the trust of shoppers, crypto brands that have been around since the early days of Bitcoin achieve credibility \u2014 establishing a track record for delivering dependable service.<\/p>\n<p dir=\"ltr\">Increasing numbers of large companies are now accepting digital assets as a payment method, meaning cryptocurrencies are increasingly entering our daily lives. But for mass adoption to be achieved, newcomers deserve to use platforms that offer full transparency when it comes to trading fees\u2026 as well as reactive customer service if they need assistance. The best brands now deliver live chat functionality, meaning users can speak to a real person if they have questions or need some troubleshooting tips.<\/p>\n<p dir=\"ltr\">Fast-moving markets also mean that the value of cryptocurrencies can fluctuate sharply\u2026 and with barely any notice at all. This can result in slippage, where the amount of Cryptocurrency B you get in exchange for Cryptocurrency A declines in the time it takes for a transaction to be finalized.<\/p>\n<p dir=\"ltr\">Providers such as <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/changelly.com\/?utm_source=ct&amp;utm_medium=pr&amp;utm_campaign=ledger_promo&amp;utm_content=2021-05-10\">Changelly<\/a> counter this by delivering a fixed swap rate that means you\u2019ll know how much crypto you\u2019re going to receive in advance \u2014 in exchange for a higher transaction fee. Alternatively, you can bring costs down by using a floating rate and swapping your digital assets at the current market price. Changelly\u2019s intuitive service is now available through\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.ledger.com\/\">Ledger<\/a>, delivering an easy and secure way of swapping crypto.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Do_crypto_swaps_always_have_to_happen_through_an_exchange\"><\/span>Do crypto swaps always have to happen through an exchange?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\"><em>No \u2014 some hardware wallets offer dedicated apps that eliminate the need for going through an exchange altogether.<\/em><\/p>\n<p dir=\"ltr\">The blend of a hardware wallet and app can deliver top-notch security, impressive transaction speeds, and dramatically reduce the costs associated with making a swap. Some exchanges charge sky-high fees for the privilege of changing one digital asset for another, but it doesn\u2019t have to be this way.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_should_beginners_look_for_in_a_swapping_platform\"><\/span>What should beginners look for in a swapping platform<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\"><em>Security, control and choice should all be at the top of a crypto enthusiast\u2019s shopping list.<\/em><\/p>\n<p dir=\"ltr\">Crypto swaps shouldn\u2019t just be simple, but they should always take place in a secure environment. Some centralized and decentralized platforms leave you with little choice but to lose control of your coins while a transaction is under way.<\/p>\n<p dir=\"ltr\">Once you\u2019ve found a platform you can trust, your attention should turn to the range of cryptocurrencies that\u2019s on offer. Leading brands currently support dozens of different digital assets \u2014 including some of the most sought-after coins on the market.<\/p>\n<p dir=\"ltr\">The best crypto swap platforms listen carefully to user feedback, and continually add new cryptocurrencies in line with demand. They also take great care in delivering a user interface that offers a high degree of familiarity to people who are more accustomed to fiat-focused platforms.<\/p>\n<p dir=\"ltr\">You should also look for a streamlined experience that eliminates fragmentation. Security can be undermined if you have to continually move your crypto between the platform where you buy it, the exchange where you swap it, and the wallet where you keep it. Peace of mind (and a lot less hassle) comes from providers who deliver all of this in one place.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_are_crypto-to-crypto_swaps_so_popular\"><\/span>Why are crypto-to-crypto swaps so popular?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p dir=\"ltr\"><em>Just one look at the crypto markets offers a powerful insight into why seamless swaps between altcoins are in demand right now.<\/em><\/p>\n<p dir=\"ltr\">Right now, we\u2019re in a rare phenomenon that\u2019s known as \u201caltseason\u201d \u2014 a time when Bitcoin takes a backseat, and cryptocurrencies with a smaller market cap steal the show.<\/p>\n<p dir=\"ltr\">At the time of writing, Bitcoin\u2019s dominance has fallen to just 43.9%&#8230; that\u2019s the lowest it has been for more than three years.<\/p>\n<p dir=\"ltr\">For many newcomers to the crypto markets, BTC ends up being the coin they gain exposure to first. What follows is a journey of discovery \u2014 learning more about other digital assets, the use cases they offer, and the opportunities they bring.<\/p>\n<p dir=\"ltr\">Unfortunately, there\u2019s a challenge: many of the solutions on the marketplace right now are complex and confusing. This can be especially daunting for someone who has never transacted in cryptocurrencies before \u2014 especially considering there\u2019s a risk of losing funds if a mistake is made.<\/p>\n<\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/explained\/crypto-to-crypto-swaps-explained\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Crypto-to-crypto swaps, explained&#8221; How do crypto-to-crypto swaps work\u2026 and what are the top tips for performing them safely and cheaply? &lt;h2&gt;Any top tips for storing cryptocurrencies safely?&lt;\/h2&gt;&lt;p&gt;&lt;\/p&gt;&lt;p dir=&#8221;ltr&#8221;&gt;&lt;em&gt;Always double-check the transaction before confirming and take precautions.&lt;\/em&gt;&lt;\/p&gt;&lt;p dir=&#8221;ltr&#8221;&gt;Of course, there are a few safety tips that you should follow. Be vigilant for phishing scams, and make&#8230;<\/p>\n","protected":false},"author":1,"featured_media":246511,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1024_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9jZWI1MWUwZDU0YjE4YzExYzA1NzExNjkyOGY4NzBlMy5qcGc=.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-246510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/246510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=246510"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/246510\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/246511"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=246510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=246510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=246510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}