The cryptocurrency exchange is a platform where you can buy and sell crypto. You can swap one coin for another, for example, XRP to BTC, or buy the necessary cryptocurrency in exchange for fiat, i.e., real money. Online crypto exchanges also show the current market prices of the cryptocurrencies they offer. A variety of other services are available. For example, staking, when you freeze a certain amount of digital coins in your wallet to ensure the operation of the blockchain.
As for the types of cryptocurrency companies, there are custodial and non-custodial platforms. A custodial service holds the private key to your wallet and stores your assets. The non-custodial service gives users full control over their wallets and digital assets. Users can directly trade their coins from their wallets. This creates a market without intermediaries and without any significant restrictions.
Read below in more detail about the features of non-custodial platforms. You will also find a list of the best websites where you can swap your coins profitably and hassle-free.
Characteristics and Advantages of Non-Custodial Exchanges
A non-custodial crypto service provides a user with a wallet where only the owner owns and controls the private keys. This option is great for users who want to have full control over their funds. The wallet owner is responsible for key storage. If he loses his keys and can’t remember his backup seed phrase, the wallet and its funds are lost.
Due to the high level of protection, a non-custodial wallet is recommended for storing assets and long-term investments. The disadvantage of a non-custodial platform is the irreversible blocking of access if the user loses the key or password.
Top 3 Non-Custodial Exchanges Where You Can Exchange Crypto Coins Quickly and Profitably
Here is a list of websites where you can swap XLM to BTC or any other coins securely and without limitations:
1. LetsExchange. This is a multi-currency instant exchange service without registration and restrictions. Created by a team of professionals with extensive experience in the field of financial technologies and blockchain, LetsExchange saves you time and money at every stage of the cryptocurrency exchange. To swap crypto coins, you just need to visit the LetsExchange.io website and go through a few steps:
- Select coins and specify the necessary amount;
- Enter your wallet address;
- Apply promo code if available;
- Choose a fixed or floating exchange rate and click “Exchange”;
- Check and confirm the details of the transaction;
- Send the exact amount of money to the specified address for the deposit;
- Wait for the completion of the transaction;
2. BitcoinVend. It is a next-generation crypto website with three main features combined into one intuitive smartphone app: exchange, payment, and market. BitcoinVend is ideal for beginners and experienced users. The app allows you to make the most of your cryptocurrencies by transacting at the best rates, settling instant payments between users, and creating a marketplace for buying and selling new or used goods through cryptography;
3. FixedFloat. It is a user-friendly trading platform that provides tools to maximize the value of digital assets. This gives a flexible, customizable solution based on the needs of a client. A dedicated customer support team is also included in the services. FixedFloat accepts various currencies, including Bitcoin, Tether, USD Coin, etc. Transaction processing is fully automated. You pay 1% plus network fees for a fixed rate. If you use a floating rate, you pay only 0.5% plus the cost of the network. The platform does not charge any hidden fees. Therefore, it is one of the most profitable services for exchanging cryptocurrencies.
Choose one of the best non-custodial services and swap crypto coins profitably and without limitations!