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The growing popularity of cryptocurrencies and the expansion of the possibilities for their use led to the emergence of specialized services that exchange digital coins for other coins or fiat money.
This is an analog of traditional online currency conversion points. Indeed, the convenience and speed of functioning of cryptocurrency exchangers significantly facilitated the conduct of complex coin transactions. However, until 2018, these resources were characterized by inflated rates.
This circumstance made it unprofitable to convert cryptocurrencies, so people mainly performed exchange operations on crypto exchanges. The current situation is getting better, and conversion services set rates for popular cryptocurrency exchange directions that differ from exchange rates by 1.2–3%.
Benefits of crypto exchange aggregators
As users need to analyze essential parameters for cryptocurrency exchanges, searching through various websites can be time-consuming and challenging. However, with the help of cryptocurrency exchange aggregator platforms, users can quickly find suitable resources of a specific orientation. These platforms use algorithms to collect and present information about these sites in a convenient table.
Using cryptocurrency exchange aggregator platforms saves users time registering for accounts on multiple crypto exchanges. It is important to note that online cryptocurrency exchange services focus on high profitability, resulting in high rates being offered. However, with the help of aggregator resources, users can conveniently compare and analyze different cryptocurrency conversion offers from online exchange services.
Cryptocurrency exchange aggregators are a quick and convenient way to find the best transaction terms and rates for digital coins. Some examples of such platforms are SwapSpace, BestChange.net, and OKChanger.com.
This article will explore their features and functionalities and conduct a comparative analysis to identify their strengths and weaknesses.
Choosing a crypto exchange aggregator
People using an online crypto exchange aggregator can quickly receive updated information, saving time and helping them choose the best option. There are various methods for configuring segregation parameters in aggregators.
For example, the search is often conducted based on criteria.
- Cryptocurrency exchange rate.
- Reserves of decentralized coins or fiat funds.
- Used electronic payment systems.
- Availability of Internet Banking
- Electronic wallets of payment systems.
- Codes of cryptocurrency exchanges.
- Exchange directions.
- Types of money transfers, and so on.
Having chosen a suitable option, the user then proceeds to the service, analyzing the offered conditions in greater detail and carrying out the intended conversion. Exchange operations are not conducted on aggregator sites; instead, they only provide a concise collection of essential information to facilitate a convenient search for the desired web projects.
This is similar to thematic databases that automatically receive information about supported currencies, exchange directions, new online cryptocurrency conversion services, and more. Users can then view sorted values and proceed to a specific virtual currency exchanger.
There are several reputable aggregators of online cryptocurrency exchanges. Still, we will analyze the three industry leaders in this sector in detail. They are reliable and convenient, provide up-to-date information, and have no technical problems.
SwapSpace is an instant cryptocurrency exchange aggregator that allows the exchange of over 1,850 cryptocurrencies with fixed and floating rates without limits, registration, or additional fees. This aggregator facilitates cross-chain swaps of cryptocurrencies, such as Bitcoin, Ethereum, and decentralized finance (defi) tokens.
SwapSpace doesn’t have a mandatory pre-know-your-customer (KYC) procedure itself. That means you can exchange your coins without registering and providing your personal data. However, if our partners’ risk management systems detect a red flag, they can require a selective KYC check.
Step-by-step guide to using SwapSpace:
- Choose the exchange pair: Visit the SwapSpace website and select the cryptocurrencies you want to exchange. SwapSpace aggregates rates from various instant cryptocurrency exchange services, enabling users to select the most profitable option without the need to search and compare multiple websites.
- Choose the exchange service: SwapSpace offers both fixed and floating exchange rates. Use the sorting function or look at the icons next to the rates to select the type of exchange service that best suits your needs.
- Enter the recipient’s wallet address: Please fill in the ‘Provide BTC address’ field with the destination wallet address where you want to receive your coins after the exchange. If you prefer Trezor as your wallet, press the button to connect it and streamline the exchange process. If you do not like using Trezor as your wallet, you can refer to the instructions provided in the FAQ section of the SwapSpace website.
- Transfer your funds and wait for the exchange to be processed. SwapSpace will process the transaction, and you can check the Swap Tracker for the exchange status. If you encounter any problems, please contact the support team.
The SwapSpace team consistently enhances the platform, transforming it into more than a mere aggregator. The program has an NFT-based loyalty program, an instructional initiative named SwapSpace Academy, an online community chat, and additional features. The team actively manages social media and organizes engaging events and giveaways.
The official address of the main page of the portal is bestchange.net.
The interface is laconic and has a pleasant design in green tones with black and gray elements. Navigation is easy due to the competent placement of working sections. On the left is a block for selecting sorting parameters for the necessary sites.
It is possible to switch several selection modes here:
- “Table” – displays all search criteria in one list. You need to scroll down and click on the required parameter so that the system gives out the selected variants of crypto exchanges;
- “List” is a convenient search for online conversion services by exchanging directions and methods. For example, activating the search direction QIWI (USD) fiat and Bitcoin (BTC) crypto will give a list of resources where this operation is possible;
- “Popular” is a filter showing the most popular schemes and exchange directions. The central area of the page is reserved for the placement of search results. Here, you can directly disclose the details of the information provided and quickly move to the selected site.
There are also tabs:
- “bestchange Partner Program”.
Let’s analyze the schematic instructions for exchanging the Bitcoin SV coin for the Binance coin digital currency.
The actions are as follows:
- On the left, select the “Table” tab;
- Specify the BSV coin in the “Give away” section;
- Pick BNB in the “Get” sector;
The System will automatically analyze and search for suitable cryptocurrency exchangers.
The profitability of the exchange rate sorts the results that appear in the central area of the page – first, good quotes and then decreasing in a less favorable direction. Currency reserve figures and the possibility of manual or automatic exchange are also given, whether there is quote fixing, the country of origin, and customer reviews.
A good function for unpopular conversion directions ignored by all exchangers. Here, the system will form chains of multi–pass operations, offering different connections of conversion sites; the section “Reviews,” “FAQ,” and “Help” – search for instructions, explanations, and reliability analysis bestchange.net according to customer reviews.
The main page of the platform for monitoring cryptocurrency exchange services is the address okchanger.com
Besides being user-friendly, OKchanger offers a wide range of additional information, making it a valuable resource for anyone interested in cryptocurrency conversions.
All working options are identical to the capabilities of bestchange.net. However, there are advantageous nuances.
The main menu contains the buttons to go to the relevant sections of the service:
- Cryptocurrency Exchange – the main page for monitoring conversion services;
- “Exchangers” – detailed information about any functioning online cryptocurrency exchange resource;
- “Cryptocurrency exchanges” – convenient statistics of crypto asset quotes on trading platforms – market share by cryptocurrency pairs, quotes, trading volume, spread, interface language, etc.;
- “Payment systems” – everything you need about EPS;
- “Internet Banking” – a set of primary information about financial organizations with the function of online banking;
- “Cryptocurrencies” – a detailed overview of Bitcoin and 77 popular altcoins;
- “News” – all the latest publications on blockchain projects, cryptosystems, and coins.
The scheme of using the OKchanger aggregator is typical:
- On the left, the search parameters for cryptocurrency conversion services are set;
- Analysis of the information displayed in the center – exchangers (in descending order of the profitability of quotations), their capabilities and characteristics;
- The transition to the desired resource, where the desired operation is performed.
For example, when searching for the exchange of Monero (XMR) for the fiat currency euro WebMoney (WME), the system will give two suitable platforms – Bit-Exchanger.ru and young Ehter-Change. com. The offered exchange rates of the Monero cryptocurrency are almost identical – in Bit-Exchanger 1 XMR = 66.3345 EUR, and in Ehter-Change 1 XMR = 66.3100 EUR. The average value of the quotation in this pair of cryptocurrencies on exchange platforms is 73.8361 EUR.
Interesting and valuable features of OkChanger.com:
- statistics on services related to cryptocurrency transactions;
- significant data on large banking organizations and popular electronic payment systems;
- constantly updated messages about the news of the cryptocurrency world.
Cryptocurrency online exchanger aggregators can save time and effort. They gather the latest data from functional cryptocurrency conversion services and present visitors with organized and informative details.
Users can easily use filters to find suitable options for exchanging crypto. These platforms also benefit digital coin traders and those who earn money through cryptocurrency arbitration.
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