In the Crypto world, we have many coins, Exchanges ( Cex and Dex ) and Tools that help to earn Some Profit on our money. And Today I'm going to review a Tool named SwapSpace with its Pros and Cons!
Last week I checked my publish0x account, I found a writing contest run by the team. So I decided to participate and So you're reading this article 😉.
I will Try To make it simple and easier to understand. If I am successful in it then Please Drop a Like and Share it with your friends 😊.
So What Is SwapSpace?
SwapSpace is a cryptocurrency exchange aggregator or You can say a mediator between you and Multiple Crypto Swap Services. So you can get a better deal on your Crypto Swap :)
Ok, Let me Explain it with an example let us assume two Coins X and Y!
If you Have X Token But you need Y Token then What would You Do?
First Sell X then buy Y on your CEX.
Ok But If
Y is not available on your CEX.
Then first you will search a Platform where Y is listed and deposit X from your main wallet and then sell it to buy Y.
or
You need to add Y to another platform's wallet.
So you need to deposit Y from the main wallet to the particular wallet.
We can convert X to Y using the above tricks but we need to pay some Charges and Precious time.
To remove all these complexities and Save Time we can use a Crypto Swap Service like Changelly or ChangeNow!
But like CEX and DEX, we have many Crypto Swap Service Providers with their own fees and rules. So It's not easy to choose one.
To Remove all the above problems we have a tool named SwapSpace. Where You can Swap 450+ cryptocurrencies and tokens with no limits or registration.
How To use SwapSpace?
Go To SwapSpace.co and Select the Crypto Pair!
I choose TRX and XRP Pair! Now Select the Best rating and rate provider exchange. There are two options Floating rate ( Rate will fluctuate after time ) and Fixed Rate ( Rate will be fixed for 15-20 minutes ). I go with Fixed-Rate and Choose Changelly For Swap.
After selecting the best Exchange Now you need To provide two cryptocurrencies wallet addresses. First where you will receive coin after Swap and Second If the transaction Fails then you will receive your Crypto back there. Did You notice SwapSpace Supports Trezor Wallet Too!
Now the Final Step You will receive a Deposit address where you should Deposit your crypto and wait for the Blockchain transaction Confirmation. In my case, I received XRP after 20 Minutes. You will receive an Exchange ID (which can be used to track your Swap ).
I hope you understand what SwapSpace is, now let's talk about Pros and Cons.
Pros
No time wasting
Since SwapSpace makes your Swap easier by provider Best Rates from Multiple Crypto Swap Services. So you don't need to check on multiple Swipe providers.
450+ coins Supports
So You can Convert Your Favorite Crypto to another vice-versa.
No KYC
You don't need to verify yourself by clicking your photo with government ids.
Affiliate Program
Yeah, they have an affiliate program that helps you to earn some money 💰 ! Here is my affiliate link
No Fees
Wait. What did you say no fees? So How do they manage their expend?
Since they are a crypto exchange aggregator. So they have partnered with many Trusted partners and shared a profit with their Partners.
Support Team
I checked their Support system By contacting them on their social profiles like Twitter ( But didn't receive any Reply ) But their Mail supports is Fine ( It takes some Time ).
Trusted partners
Since SwapSpace is a Cryptocurrency Swap aggregator so they partner with Crypto Exchanges and there are some big-name in their partner list
Cons
There is a bad point they don't support Fiat To Crypto or Crypto to Fiat Swap but according to their Roadmap, they will add this feature asap.
If You want to Swap your Bitcoin to altcoins or vice-versa then try the SwapSpace link ( affiliate link )
Note:- I Took CEX as an example because CEX offers a low fees compared to DEX.
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