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SimpleSwap - Review of An Astonishing Crypto Swap Exchange

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Chesatochi
@chesatochi
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Introduction

The first time I came across this swap exchange was at the beginning of my journey on LBRY network. A decentralized social network a little similar to YouTube where is censorship-resistant.

It involves one of the most important things you will perform if you are in the crypto sphere. At certain moments, you will need to swap or exchange a token for another one.

It is like when you are on vacation and you need to buy the local fiat currency for buying goods and services. Otherwise, you will sleep on the street, and you will be hungry!

What is SimpleSwap?

Before jumping into it or try this service yourself. Your brain needs to know why you need to use it and trust them.

I know, even myself I am skeptical when using a recent service. So many awful actors make this space not a trustable place.

SimpleSwap is a place where you trade one crypto for another one like for example Bitcoin for Ethereum. It is a simple business model but an important one in the crypto space.

The list of cryptocurrencies supported

When you are an investor or content creator for an example. You need to sell and buy new tokens because for a variety of reasons like:

  • Pay your bills.
  • Invest in a token you believe will increase in value.
  • Sell a token you don't believe anymore.
  • Transfer your crypto for fiat money.

Whatever the reasons, they all good and you need to have a place where you need to swap tokens.

The beauty of SimpleSwap is they support over 300 cryptocurrencies! It is an exhaustive list and I believe you might find what you looking for.

A cool feature on their website is they list each crypto with the following elements:

  • Price.
  • Market cap.
  • Change in the last 24 hours.
  • Send status for each coin.
  • Receive status for each coin.

You can check the list of the supported coins if SimpleSwap is for you before making a swap transaction.

You can access the entire list at this link.

Creation of an account

I created an account in less than 5 minutes and is very easy. You need to provide the following items:

  • Your name or an alias.
  • Your email.
  • Choose a long password hard to guess.

When this quick task is complete, you will receive an email where you need to confirm it.

Before initiating a transaction, you can invest in the loyalty program offered by SimpleSwap.

The more SWAP you buy, the more cashback you will get.

If you gain the following numbers of SWAP, you will reach a different level.

  • 1000 SWAP to reach IRON that gets you 0.25% cashback.
  • 3000 SWAP to reach SILVER for a 0.5% cashback.
  • 5000 SWAP to reach GOLD, then you have 0.75% cashback.
  • 10000 SWAP for the ultimate that is PLATINUM to get 1% cashback.

The process of a swap transaction

It is straightforward to make a transaction; the process happens in 5 simple steps:

  • Waiting.
  • Confirming.
  • Exchanging.
  • Sending.
  • Finished.

An example of how to use SimpleSwap to exchange a token for the one you desire.

https://www.youtube.com/watch?v=Ky6-sBlpb8Q&feature=emb_logo

Trustpilot score

Before using a service or something, we have a tendency to check for reviews. I always to that myself because why lose my valuable time and have frustration.

SimpleSwap has an outstanding score on Trustpilot. If you see the image, you can guess that you can get some trust before trying it yourself.

Affiliate marketing

If you enjoy referring people and receive a commission, the website has a good return.

90% commission, just WOW!

Their social networks

One of the cool things on the internet is to follow your project with the social network you like.

They are present on the following social networks:

Choose the one you prefer the most!

My experience

So far I did two transactions, and the process is straightforward and easy. The only thing I believe SimpleSwap needs to improve is the rapidity of the swap transaction.

The two transactions took over 1 hour. Normally, a swap transaction should occur as soon as it confirms the first transaction.

This was not the case for me, and I don't like to wait the eternity for a transaction stuck.

At least I emailed the support team, and I got an answer in less than 2 hours. Then my transaction was unlocked, and I was happy.

Conclusion

If you are looking for a simple way to swap tokens in one process instead to use a traditional trading exchange. SimpleSwap is the solution to your need for an easy and convenient transaction.

Their support over 300 cryptocurrencies and the number is constantly increasing to reflect what their customers want.

You can try it and see if you like it. I am confident you might adopt it and include it on your bookmark.

Chesatochi.com – Love of crypto and coffee.

PS: I am not a financial adviser, and this is only my opinion. Always do your own research before embracing investment in the crypto space.


Posted from my blog with SteemPress : https://chesatochi.com/simpleswap-review-of-an-astonishing-crypto-swap-exchange/