Tired of switching between different exchanges to find the best trade for exchanging your crypto currency?
There are numerous crypto currency exchanges on the internet and each has its own qualities. Some have better rates, some have better privacy, some have larger collection of crypto currencies. In order to get the best trade, you have to open an account with each of your preferred exchanges, complete the needed KYC process and then continuously monitor the best options. You have to compare terms and fees and the actual prices and choose the right exchange for your transaction. While you calculate the best rate, the crypto exchange rate has already changed. This can be very frustrating. There is an alternative.
Why not try out an exchange aggregator?
A cryptocurrency exchange aggregator is a digital platform that collects data and prices from several different exchanges and presents it to its users. The aggregator operates like an intermediary (or broker) who presents comparative prices of crypto currencies across multiple exchanges and peer-to-peer sites. Users can search and select the best deals from a single platform.
SwapSpace is one such exchange aggregator that provides you the best rates from 15+ exchanges and over 450 cryptocurrency pairs. Its easy-to-use interface helps you select the best price and do the exchange seamlessly.
It’s a simple 4 step process as illustrated below.
The delivery happens within a couple of minutes. At times there can be some delay as factors like blockchain network overload, transaction volume, processing speed can impact the delivery time.
There are other crypto exchange aggregators also in the marketplace. Here’s a comparison of some of them with Swapspace. I hope this comparison helps you take an informed decision and pick one that suits your needs.
SwapZone aggregates exchange rates, transaction processing speed, and reviews on cryptocurrency exchanges. User inquires about rates; its fetched from the exchanges, sorted by rate, speed and rating and presented for selection.
BestRate is a crypto payment gateway and aggregator of crypto exchanges for individuals and businesses.
OpenOcean provides full aggregation protocol for crypto trading from DeFi and CeFi. Users can do spot trading, perform cross-chain swap transactions & low cost arbitrage across DEXes and CEXes.
The comparison here is only for the service of currency exchange aggregator.
1 In case the partners’ risk management systems detect a red flag, they can require a selective KYC check.
2 OpenOcean – free subscription option – spot trade crypto across DeFi and CeFi.
Besides aggregation of swaps, OpenOcean will continue to aggregate derivative, yield, lending and insurance products, and launch it's own combined margin products and intelligent wealth management service. These services will be part of the paid subscription.
3 Fixed: the final rate will only be fixed after proceeding to exchange.
Floating: This is the current rate. Final amount you receive may vary due to rate fluctuations.
4 Bestrate - free subscription option - buy crypto, trade across 2 exchanges and create personal hosted page with the unique URL to collect payments from friends and family
In case you have any queries, drop a comment and I shall be happy to clarify them or find out about them and get back.
Happy trading!
