How to swap crypto
To swap crypto, pick the two coins and their networks, compare the routes and fees, add your receiving address, then send the coin.
Updated
A crypto swap turns one coin into another without selling for dollars first. You send one coin, and the other arrives at an address you choose. A bridge is different: it moves the same coin to another network, though many swaps do both at once.
Before you start
- Have an address for the coin you want, on the network you plan to receive on. Any wallet works, including the Plaxswap Wallet.
- Check which network your coins are on. USDT on Tron and USDT on Ethereum are separate, and coins sent on the wrong network usually can't be recovered.
- If you connect a wallet, keep a little of the network's own coin for the fee: ETH on Ethereum, TRX on Tron, SOL on Solana.
- If you send from an exchange, check its withdrawal fee and which networks it offers, because the amount that arrives is what gets swapped.
Swap crypto on Plaxswap, step by step
- Open the swap form and choose what you send, what you want back and the amount.
- Compare the routes. Each one shows the rate, the fees and the usual time, with the best first.
- Enter the address that should receive the new coin.
- Send from any wallet to the one-time deposit address, or connect your wallet and approve the swap there.
- Wait for delivery. The page shows each step, and the coin goes straight to your address.
You don't need an account. If you want a specific pair, each one has its own swap pair page with its limits and usual time.
What it costs
On the swap form, Plaxswap takes 0.3%, the route takes its own fee, and the network takes its fee. Each route shows all of them before you swap, and the swap form fees guide explains them. Compare the amount you receive as well as the rate, because a route with a high fee can still pay out less.
How long it takes
Most of the wait is the coin you send getting confirmed. A new Bitcoin block arrives about every ten minutes, while many other networks take seconds or minutes. Read more about confirmations.
Mistakes to avoid
- Sending on a network the address doesn't support.
- Leaving out a memo or tag when an exchange gives you one.
- Typing an address by hand. Paste it, then check the first and last characters, because malware can change a copied address.
- Giving anyone your recovery phrase. A real swap never needs it.
The swap form isn't open everywhere. Check the supported countries first.