Swapzone is a cryptocurrency exchange aggregator that aims to provide a platform for traders to ensure they can trust a given exchange and also compare exchange rates to find the best prices possible for purchasing cryptocurrency. As well as this, Swapzone will list the different transaction times for each exchange, so users can select an exchange based on their current priorities.
Swapzone can therefore be used as a great tool for arbitrage traders who want to take advantage of differing price points across the market, as there are typically slight differences in how an asset is valued that prudent traders can take advantage of.
Standout Swapzone exchange features
Comparable rates from 9 different exchange partners — ChangeNOW, Changelly, CoinSwitch, SimpleSwap, StealthEX, Godex, FixedFloat, ChangeAngel, Exolix
Swapzone has a TrustPilot page — A link can be found at the bottom left of the website to Swapzone’s TrustPilot page. Here you can find a mixture of responses to the Swapzone service. What’s great to see is Swapzone’s activity on here and for improving their transparency. They are quick to respond with any issues and seem very keen to resolve issues that have been flagged by users.
Select offers based on price, fastest transaction and the best service rating — Swapzone is a great platform for quickly finding competitive market rates for cryptocurrency pairs. Users can list these based on different criteria, such as fastest, best service and best price.
Non-custodial — Swapzone does not hold any crypto on its platform, which makes them less likely to be targeted by hackers, keeping your wallet safer.
API integration — By providing an easily accessible guide to inputting Swapzone’s data feeds, users can iterate Swapzone with their own personal website or blog.
Swapzone exchange: Pros and cons
- Great tool for comparing prices across different markets
- Ratings on TrustPilot
- Free tool to use online and no download necessary
- Over 400 cryptocurrencies to choose from
- Listing of exchanges by different criteria is great for finding one to suit your needs
- Active community through social media channels
- In-depth video tutorials on Swapzone’s YouTube channel
- Outdated roadmap – unclear what the next steps are for Swapzone
- Limited information on website about team and the background of the project
How to sign up to Swapzone exchange
Swapzone offers its services for free on their website, so there is no need to install anything or log in to create an account.
If you make a trade using the Swapzone exchange, your trade will be made within the platform. Crucially, you can feel safe in the knowledge that this is the best deal available to you — depending on your priorities for speed, cost and trustworthiness.
User interface for Swapzone exchange
Swapzone’s user interface features a clean black colour scheme that makes use of blank space to draw the viewer’s eye.
Simply enter the address to the wallet for the currency you wish to exchange and proceed to the chosen exchange. This ensures that traders can always find the best rates on the market offered by supported Swapzone exchanges.
As can be seen in the screenshot above, Swapzone features only three tabs in the top left of its screen: About, FAQ and Support. We found this to be a little limiting and found ourselves switching from tab to the next to find the information we were looking for.
Swapzone: In summary
As trading tools Swapzone is a great addition to the arsenal of any trader looking to navigate the crypto market’s choppy waters.
By allowing users to compare the offerings of different exchanges, Swapzone helps crypto traders make the best informed decision they can.
Although there are a limited number of exchanges listed that are fully integrated with Swapzone’s interface, the exchange’s free price tag makes it an attractive prospect for investors looking to get ahead of the market.
The post Swapzone Review 2020: What is Swapzone? appeared first on Coin Journal.