Swapin Exchange
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Swapin Exchange Review
Pros
- Highly compliant with regulations
- Allows you to accept and make cryptocurrency payments
- Fast transactions
- Secure & non-custodial
Cons
- Not many supported currencies
About Swapin
Swapin is a licensed and regulated provider of crypto payment solutions based in the EU. They have been in operation since 2017 and are known for their pioneering work in facilitating transactions between crypto and banks. Swapin offers a range of products including a Web App for buying and selling crypto, a Widget and API for partners, and a solution for businesses to accept crypto payments. Their goal is to make cryptocurrency spending as simple and effortless as any other currency by bridging the gap between crypto payments and the traditional banking system.
Swapin is a Crypto Intermediary
Swapin offers a solution to businesses that want to accept cryptos. You can accept payments in BTC, ETH, USDC, or other cryptos, and then receive funds directly in your bank. By integrating their crypto-to-fiat e-commerce widget, you can begin accepting these currencies.
Swapin will instantly convert the crypto your customers pay with to the fiat of your bank account. If you are new to crypto, Swapin even provides a personal account manager.
They also provide infographics on your earnings. This will help you see what kind of impact the Swapin app is having on your business.
Transaction and Withdrawal Fees
You will be charged different fees depending on the transaction you carry out on Swapin. To switch between crypto and fiat, or traditional, currency ranges between 0.8% and 1.35%. If you want to transfer funds to your bank account, there will be a fee between 0.2 and 0.4%.
There is no fee to open an account here, either personal or business. Nor will they charge you any maintenance fee.
Swapin Core Products
Swapin offers a range of great features for traders. However, certain products stand out with this exchange, which we've listed below.
SwapinGet
This solution allows for quick conversion of cryptocurrencies to fiat and deposits it directly to your bank account in a matter of minutes.