Swap in DotWallet is powered by the decentralized exchange Changelly. DotWallet Swap currently supports the trading of BTC, ETH, and BSV trading pairs. This feature allows users to quickly complete the whole decentralized asset exchange with just a few clicks. DotWallet Pro APP will also launch the Swap feature soon.
DotWallet Swap Has the Following Advantages:
- Lower Cost & More Convenient
There is no need for users to send their cryptocurrency to an exchange. They can swap their cryptocurrency to the one they desire right from DotWallet. The swapped assets are directly transferred to the balance. Swap eliminates the intermediate steps, avoids transaction mistakes, and improves the safety of assets. This feature also cuts out the back and forth between the exchanges and the normal digital wallets. Furthermore, Swap only charges users for Changelly’s handling fee. Dotwallet does not charge any commissions.
- High Authenticity & Safety
Different from traditional exchanges, the Swap feature supports conversion between different types of cryptocurrencies in DotWallet. Furthermore, the whole process is propagated on-chain, ensuring the assets and transaction process are authentic, safe, and transparent.
- Faster Transactions
Swap is fast. Unlike traditional exchanges, there is no need to wait for the buyer or seller to match their orders. The whole transaction is usually completed within 5-30 minutes.
Note: When there is network delay or block congestion, the waiting time may increase.
- Timely Update of Transaction Information
Thanks to the support of Changelly, transactions through DotWallet Swap will appear in a variety of largest cryptocurrency exchanges, such as Binance, Poloniex, Bittrex, etc. Changelly sends bids within milliseconds, and the users select the best available exchange rate and transaction price displayed on those platforms. After the transaction is done, the results are listed online. Your digital assets are executed at the current exchange rate the moment you click to swap your assets.
- High Transaction Stability
Because it is so fast, the exchange rate in Swap is hardly affected by market price fluctuations. The amount of swapped assets is basically the same as the amount displayed during the conversion. What you see is what you get.
Note: Due to the processing time required for transactions, coupled with the volatility of the cryptocurrency market and constantly changing network fees, exchange rates and transaction prices may change during transaction processing, so the final amount of assets that arrive may be slightly less than that displayed during the exchange.
DotWallet Swap further enriches the applications and services of the DotWallet ecosystem. The DotWallet team will continuously launch new features to improve the user experience. It is our honor to have you as our clients.
New to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and blockchain.