Crypto swapping is more common now than ever, considering the number of cryptocurrencies available in the market. In fact, new cryptocurrencies are launched almost daily, and thus users have more currencies to choose from, whether for trading, peer-to-peer transactions, cross-border payments, etc.
That said, if you’re looking for a quick and easy crypto swap engine, this guide is for you.
What Is Crypto Swapping?
Crypto swapping refers to the process of directly exchanging a specific coin or token for its equivalent value in another currency. And when we say “directly,” it means there’s no intermediary involved in the process, such as how it works before when you need to convert a token to a fiat currency first before you can convert it again to your preferred currency.
How to Swap Crypto Instantly
You can find various platforms offering crypto swaps online. However, some factors that usually set one apart from the other include the time it takes for the swap to complete, the process of the swapping itself, and the transaction fees involved.
In the Kasta app, there are two ways to swap crypto instantly and for minimal transaction fees: (1) the “Swap” button for traditional crypto swapping, and (2) the Easy Swap Engine for automatically swapping crypto payments into your preferred currency. Here are the step-by-step guides for them:
1. Using the Kasta App’s Swap Button
a. Log in to Kasta. If you’re not yet a Kasta user, you can download it on Apple Store or Google Play Store.
b. Go to the home page and choose the token (e.g., Bitcoin) you want to convert from the list of assets.
c. Click the “Swap” button.
d. Choose the currency you’d like to convert your assets to (e.g., Ethereum).
e. Enter the amount or percentage (10%, 25%, 50%, or 100%) of tokens you’d like to swap (e.g., 1 Bitcoin).
f. Enter your pin code to confirm the crypto swap (e.g., Bitcoin to Ethereum).
g. Your assets will be converted instantly.
2. Using the Kasta App’s Easy Swap Engine
a. Log in to the app.
b. Go to the home page and click the settings icon on the upper right part.
c. Click “Easy Swap” as soon as the drawer opens.
d. Turn on the “Enable Easy Swap” switch.
e. On the first dropdown, choose the currency you’d like to swap when you receive them (e.g., Bitcoin). You may also choose to convert all currencies into your preferred currency.
f. On the second dropdown, choose the currency you prefer to receive (e.g., Ethereum).
g. The Easy Swap Engine will automatically convert all the Bitcoin payments (or all other currencies) you receive to Ethereum as long as the Easy Swap button is enabled.
The entire process and turnaround time of crypto swaps may vary depending on which platform you use. But if you’re looking for an instant and easy way to do it, you can opt for the Kasta app’s “Swap” button or Easy Swap Engine. Users who stake or lock up $KASTA tokens in the app can also benefit from swap fee discounts.
The app accepts various types of currencies, such as BTC, ETH, MATIC, USDT, USDC, and $KASTA. More tokens will be available soon as the app continues to expand its utility.