What Is Swap?
A crypto Swap is when you exchange one type of cryptocurrency for another, similar to exchanging dollars for euros, but with digital currencies. It’s a quick and simple way to change your digital assets.
How Swap Works?
Crypto swaps work by using a digital platform where you exchange one cryptocurrency for another. First, you select the two currencies, like Bitcoin and Ethereum. The platform uses smart contracts to automatically calculate the exchange rate, including market values and fees. After you review and accept the details, the smart contract executes the swap. The new cryptocurrency is then added to your wallet, completing the process efficiently.
Gem Swap: Safe, Fast, Cost-Effective
We develop our product following this three key principles to ensure we offer the best service to our users.
1. Multiple DEX Providers
Crypto swaps are secure thanks to blockchain technology, which records transactions in a way that is transparent and permanent. This means once a transaction is made, it can’t be altered. We partner with trusted partners like 1inch, ThorChain, Jupiter, and PancakeSwap, ensuring top-level service and privacy. For a full list of our providers, check our ecosystem page or the app.
2. Fast
In the dynamic crypto market, speed is a crucial factor. Due to high volatility, we strive to offer the best price and fastest exchange execution with Gem Wallet. This ensures you always have control and the ability to manage your crypto assets according to your strategy.
3. Cost-Effective
When using a service, everyone wants to pay the market price without overpaying. At Gem Wallet, we search for the best swap offers that balance platform fees and the market value of the asset. There are no hidden charges or inflated spreads - you can see all costs before confirming the transaction!