Some key points about crypto is that it is implemented as an anonymous method of payment in a decentralized way, with some coins trying to fight the inflation of the daily life by having a number in circulation limited. But, what if you have some assets, in the wallets only you can access, that you would like to swap/exchange for other assets? Maybe you would answer in first place going to a centralized exchange (CEX)? Yes, but in that case a middleman is added to the swapping process so that you will not keep full ownership of your wallets because of not owning the private keys anymore. Moreover, in most CEX, you have to be registered in their database and your identity may be revealed by providing legal documents, making you lose your anonymity. So, what about a decentralized exchange (DEX)? Even though a DEX is a great decentralized platform and enables you to keep full ownership of your wallets so as your anonymity, lots of them are limited in swapping pairs. In fact, in numerous DEX you cannot cross-chain exchange, in other words, you cannot swap between different blockchains assets. So, what better way is there? For that, this post presents you a multi chain exchange aggregator: Swapspace!
Non-custodial cryptocurrency exchange aggregator, SwapSpace enables you to make cross-chain exchanges quickly and easily with more than 500 assets while benefiting of the higher rate among all the exchange platforms compared. Still not convinced of choosing SwapSpace rather than other current exchanges? Here are 13 reasons why you should reconsider it:
1. Non-Custodial Exchange
When you want to swap an asset from a blockchain to another, not a lot of decentralized platform offer this kind of service. Therefore, most of the time turning to a centralized platform is necessary to cross-chain exchange, leading to the need to register to the concern platform, being part of a centralized database and at the end, not owning the private keys of the wallets you are using. As SwapSpace is a non-custodial exchange, no registration is needed! You can directly exchange between different blockchains assets, so that you have full ownership of your wallets.
2. No KYC (Know Your Customer)
KYC verification process is mostly used in centralized platform to verify the identity of the customers, sometimes by providing only a phone number, other times by providing full name, residential address and legal documents. This way, financial institutions may know how much crypto you own and where it is located, which affect the purpose of anonymity when using crypto. With SwapSpace, no KYC process is required to exchange between assets! Therefore, no more need of centralized platforms asking a picture of you holding your ID for exchanging assets, making you keep full anonymity.
3. Cross-chain Exchange Possible
More than 500 cryptocurrencies are available for swap and among all of them, you can swap between different blockchains assets. For example, through SwapSpace, you can swap Chainlink (LINK) to BitTorrent (BTT):
Making you swap an Ethereum blockchain token to receive a TRON blockchain token, without having to pass by USDT first. Therefore, you will not be as limited as in other DEXs such as Uniswap, Sushiswap, Justswap. With SpaceSwap, lots of exchange pairs are available for cross-chain exchanges.
4. Best Rate
If you are not using SwapSpace when swapping your assets, you may not benefit from the higher rate among all the exchange platforms. As an aggregator, SwapSpace enables you to compare all rates available at the moment between many platforms, that way you can benefit from the best exchange rate when computing a trade.
For example, when looked for exchanging Ethereum (ETH) for USDT ERC-20, SwapSpace had the best rate.
5. No Extra Fee Charged
When exchanging crypto with SwapSpace, no extra fee is charged. Instead, SwapSpace earns a commission from the provider you chose.
Note: You may still have blockchain fee related to the mining process when sending your funds.
So, instead of using other DEXs, charging fee for swapping tokens, you may consider using SwapSpace.
Note: Uniswap and SushiSwap DEX charges 0.3% fee split by liquidity providers/token holders when computing a swap while SwapSpace charges no extra fee.
For the previous Ethereum (ETH) - USDT ERC-20 exchange, here was the Uniswap fee.
6. Choice Between Floating/Fixed Exchange
While you are filling your order or waiting for your transfer to be mined, the exchange rate you agreed on may have changed. When having chosen a floating exchange, you might receive more or less of what you expect. In contrary, when having chosen a fixed exchange, the exchange rate is frozen for a certain amount of time so that market volatility does not impact your transaction. At the end, what you expect to receive is what you finally receive. Usually a fixed exchange has a lower exchange rate than a floating exchange. SwapSpace offers the ability to choose between the two, so that your expectations are not hurt.
7. Easy To Process
No such things like lending, borrowing, yield farming or extra fee will bring you headache here. With no registration needed, all you have to do is go to SwapSpace platform, choose between the asset you want to exchange and the asset you want to receive and place the amount:
Then, the choice of the exchange rate is necessary through the choice of the provider you will use:
Afterwards, fill the recipient address where you will receive your exchanged token. You may also provide the refund address in case something got wrong:
Then, transfer the amount you want to exchange to the indicated address:
Finally, wait for the exchange to be processed. The processing time mostly depends on the one you spent on filling the exchange transaction and the time needed to process your transaction on the related blockchain chosen. For instance, choosing a swap between a TRX/BCH pair will be processed faster than a swap between a BTC/ETH pair.
8. No Maximum Amount Of Crypto To Exchange
With SwapSpace, there is no maximum limit for your trade, you can exchange as many crypto as you wish. On the other hand, there is a minimum amount when computing an exchange, which vary according the asset you select and the exchange selected:
Notice that, for the most popular assets selected, FixedFloat exchange was mostly the one with the minimum amount required.
Note: The minimum amount for the most popular assets selected may have changed between the time of writing and the time of reading.
9. Exchange Listing
As an aggregator, SwapSpace gathers different exchanges, in order to compare their exchange rate according to the trade you want to make, in order to find the best deal for your exchange. For that, SwapSpace partners with 15 of the most reliable exchange platforms:
10. Support / Assistance
If you have any question/issue with a trade, SwapSpace's support is available 24/7. Contact can be made by online chat directly on their website or by mail.
11. Affiliate program
With SwapSpace, whenever someone established an exchange as your referral, you will earn 50% revenue share on SwapSpace's commission. Users are considered as referred users whenever they register or compute a trade through your referral link or through your integrated API. You can go to the official affiliate section to learn more.
12. Useful Links
SwapSpace is present in many platforms/social networks:
- Official platform
- Medium
- Telegram
- YouTube
- Trustpilot
- Publish0x blog (yes SwapSpace is present on Publish0x!)
Do not hesitate to be part of the community by following SwapSpace on their social networks.
13. Trustpilot Score: 4.4/5
Trustpilot is a website in which you can find grade, reviews and feedbacks about customers on various companies/services they have used. SwapSpace is present on Trustpilot so that whoever made a trade with the platform can evaluate its experience, whether it is was a good one or a bad one, enabling the future customers to have a first impression on the platform before using it. Among the 127 reviews about SwapSpace (at the time of writing), an average score of 4.4/5 has been attributed by people having computed an exchange on the platform.
The following distribution of feedbacks was given:
- Excellent 83%
- Great 5%
- Average <1%
- Poor 2%
- Bad 10%
If you want to leave a feedback about SwapSpace on Trustpilot or just watch the full reviews, you can do it here.
Final Thoughts
By being a non-custodial exchange, making me keep the full ownership of my assets, and by charging no extra fee while offering the best exchange rate, I personally really like the SwapSpace platform and will for sure use it for my future DEX trade, especially for cross-chain exchanges.
What about you? Are you willing to choose SwapSpace rather than other exchanges? Feel free to share your thoughts and any other feedbacks in the commentary section, particularly if I missed/misled something!
