SimpleSwap Review — How It Works (Step by step)
What is SimpleSwap?
SimpleSwap is a user-friendly and reliable instant service for cryptocurrency exchanges. It is easy-to-use and free from sign up platform that offers exchanges of more than 300 cryptocurrencies.
There are two exchange types on our platform: floating and fixed rate. You can always choose the most suitable option.
The support is available 24/7 and provides quick and professional help.
HOW IT WORKS
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STEP 1
Choose the crypto exchange pair
Let’s assume you have Bitcoin and you want to have Ethereum. Here is how the BTC to ETH exchange process takes place on SimpleSwap.
Choose Bitcoin in the “You send” section using the drop-down list. Next, enter the amount you would like to exchange. Then select Ethereum in the “You get” section. After that, you will see the estimated amount of ETH you will receive.
Please note that there is a minimum amount for every exchange. Do not send an amount less than the minimum one.
STEP 2
Enter the recipient’s address
Now you need to enter the recipient’s Ethereum address. Be extremely careful and double-check your ETH address. Your Ethereum coins will be sent to this address right after the exchange.
Once again, make sure that all the data is correct. If everything is ok, click the Exchange button, and you will be forwarded to the exchange page.
STEP 3
Send and receive cryptocurrencies
On the exchange page, you will see the address to send the indicated amount of Bitcoins to continue the exchange.
After we receive the deposit to our address we send you Ethereum. That’s it! In a few moments, the Ethereum coins will reach your ETH address.
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Why should you trust SimpleSwap?
SimpleSwap is a project created for the convenience of customers. You don’t need to create accounts or store deposits on our service.
Thanks to this, the customers are protected from any kind of financial theft.
SimpleSwap provide the best rates comparing a wide range of reliable trading platforms.
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SimpleSwap Mobile Support
Most crypto traders feel that desktop give the best conditions for their trading. The computer has a bigger screen, and on bigger screens, more of the crucial information that most traders base their trading decisions on can be viewed at the same time.
The trading chart will also be easier to display. However, not all crypto investors require desktops for their trading. Some prefer to do their crypto trading via their mobile phone.
If you are one of those traders, you’ll be happy to learn that SimpleSwap’s trading platform is also mobile compatible. You can download it to/from both the AppStore and Google Play:
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How long does it take to exchange coins?
The coin exchange time usually varies from 5 to 60 minutes. There are rare occasions when more time is needed. The processing speed depends on how long it takes for a block to be included in the network. Most operations are proceed in just a few minutes.
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What is the minimum amount of exchange?
The SimpleSwap doesn’t have limits for cryptocurrency exchanges. However, the network fee is charged by the blockchain for every transaction to be performed. So the sent amount must be sufficient to cover all the network fees.
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What is the maximum amount of exchange?
SimpleSwap does not have any limits for floating rate exchange. It means that you can swap as many cryptocurrencies as you want.
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