Cryptocurrency exchanges constitute one of the industry’s largest sectors. Since the advent of crypto and blockchain technology, thousands of exchange platforms have been launched, and the space now is incredibly dense, which can make it a daunting task for anyone trying to find the exchange that is right for them. No two exchanges are the same, and, while the cryptocurrency industry has come a long way from where it started in terms of user safety, there is always a risk when assets are involved.
For users looking to make relatively small swaps, choosing an exchange is somewhat straightforward. Most platforms are able to readily accommodate swaps on the smaller end. It is when users are looking to make larger swaps that things can get much more complicated. For swaps of significant value, most exchanges require users to provide information about themselves, swaps can take a long time and transaction fees can be very high.
However, this is not the case with all exchanges. In this article, we are going to look at some of the exchanges that are most suitable for making large swaps. The exchanges have been highlighted based on their ease, convenience and the advantages they offer to users of this kind.
What you'll learn 👉
ChangeNOW
ChangeNOW is one of the most popular crypto exchanges out there. Launched in 2017, it has built up one of the largest user bases in the industry by providing convenient exchange services via an interface that is comfortable for users of all levels, from newcomers to crypto veterans. Since its launch, ChangeNOW has evolved into much more than just an exchange. The platform has introduced an entire ecosystem of NOW products that cater to a wide range of needs, from lending and storage services to white-label solutions for businesses looking to incorporate crypto into their operations.
Still, at its heart, ChangeNOW is primarily an exchange service and has managed to rise to the top of its field thanks to the competitive advantages it has over many similar services in that department. To start, the exchange is non-custodial, meaning that users retain complete control over their funds at all times, and does not require KYC. There are rare cases when KYC information has been requested, but this has been done only when significant risks of potential illicit behavior have been detected.
ChangeNOW supports over 1,000 digital assets and has over 1,000,000 trading pairs. Recently, the exchange added fiat on-ramps, further increasing its ease of use. The exchange boasts some of the quickest transaction times in the industry, with most swaps taking no more than a few minutes.
While the exchange is certainly geared toward those without a deep technical background, it is also tailored to be one of the best platforms for swapping large sums of crypto. With the minimum transaction amount starting at just $2, there are no maximum exchange limits, meaning that users can swap as much of any asset as they like. ChangeNOW is committed to transparency when it comes to fees and guarantees that there are no hidden fees on transactions, so users know exactly what they will pay every time.
Perhaps most significantly, the larger a transaction is, the smaller the transaction fee will be. For a smaller swap of about $250, the fee ranges from 1.57% to 2.95%, depending on the pair. Once that figure gets higher, in the $2,500 range, the fees drop down to between 1.20% and 1.25%. The larger a transaction is, the lower that rate gets until it is little more than a nominal expense. This can be compounded with the perks that come from having a ChangeNOW account. Users with accounts have access to even lower fees along with cashback opportunities and other special privileges.
Of course, when making large transactions, security is of the utmost concern. ChangeNOW has a stellar track record as one of the safest exchanges in the industry, thanks in large part to its support services. The platform offers around-the-clock support to users and has a 99% success rate of rectifying errors. This includes when users choose the wrong assets and send assets to the wrong networks.
Swapzone
While not an exchange itself, Swapzone can be an invaluable tool for those looking to make large crypto swaps. Swapzone is an exchange aggregator and has been included in this list because it does most of the work for users looking to find the best place to exchange their assets. The platform is easy to use and ranks exchanges based on the terms offered for a specific swap, listing the best exchanges based on rates and reliability.
Tailored to users looking for the most convenient experience and those who value their privacy, Swapzone provides its users with lists of exchanges where they will be able to make quick and secure swaps without having to do much of the legwork, like long KYC processes, that many of the major exchanges require.
Using Swapzone is remarkably simple. One just has to select the assets they intend to swap and then enter the amount they wish to swap. Once that has been done, the site will generate a list of exchanges according to their offers for that particular swap. The list can be filtered based on best fit, lowest transaction fees and fastest transaction times.
After a user selects the exchange they want to use, they will be sent to a page offering more details on the swap and the exchange, including user reviews. If they choose to go through with the swap, the user just has to provide address details and Swapzone will initiate the swap with the exchange, eliminating many of the headaches that can come from using different platforms.
StealthEX
StealthEX is another cryptocurrency exchange that has built up a large user base over its 5+ years in business. As reflected by its name, this platform has made user privacy central to its mission and offers non-custodial services with no KYC requirements.
StealthEX offers users an intuitive interface that takes much of the headwork out of crypto operations. Paired with the platform’s simplicity, it offers over 1,500 different digital assets, making it one of the exchanges with the largest selections of cryptocurrency on the market. This selection continues to grow as the platform is continuously adding new assets.
StealthEX facilitates swaps of all sizes at some of the lowest rates and fastest speeds in the industry. Most transactions take just a matter of minutes to finalize while larger transactions can take up to around 30 minutes.
Fees on swaps depend on the pair of assets. StealthEX offers users both floating fees and fixed fees. With floating fees, users will pay transaction fees in line with the fluctuating market prices per asset. However, users have the option, with the fixed fees feature, to eliminate the volatility and ensure that they will be paying a flat rate. This can be extremely useful when making large transactions so that a user can be sure of exactly what they will have to pay and not have to worry about external market conditions affecting their swap.
Security for the exchange is rated very highly as it enjoys a great reputation on aggregators and review sites. This is driven by a devoted support team that has a track record of resolving user issues, even when users send assets to the wrong networks.
SimpleSwap
Launched in 2018, SimpleSwap is another exchange that offers users quick and reliable transactions. As suggested by its name, SimpleSwap has aimed to make crypto operations as straightforward and convenient as possible for its users and has been able to grow as a result of staying true to that vision.
The site offers a bare-bones interface without much of the clutter that can be encountered on other big exchanges. Users are able to make transactions in just a few steps without having to go through elaborate exchange processes. A user has to simply select their currency pair, enter the amount and wallet details and then just wait for the transaction to finalize and for the funds to be credited to their wallet.
There are no KYC requirements for using SimpleSwap. Like other exchanges on this list, user information is only required in rare cases when a potential swap is flagged for constituting a severe security risk. The platform’s support team has a high rating for assisting users when any problems arise, and the platform has a great reputation on review sites.
When it comes to making large swaps, SimpleSwap makes a good option due to its lack of transaction limits paired with its speed and competitive rates. Users can swap as much of any asset as they want and also take advantage of the platform’s fiat on-ramps to acquire crypto via bank cards.
Transaction fees are floating on SimpleSwap, meaning that they are determined by fluctuating market prices. While these may be higher at certain times, in general, the platform offers competitive fees for those looking to make swaps of any size. However, SimpleSwap also offers fixed rates, which will guarantee that a user gets a predetermined amount of a given cryptocurrency.
In addition to its ease of use, SimpleSwap also offers a few perks for its users who choose to make an account. These include a loyalty program and the chance to make cashback on transactions in bitcoin.
EasyBit
EasyBit is another exchange popular among crypto users of all levels. Like others on this list, EasyBit has made a name for itself by facilitating quick crypto transactions in a simple, user-friendly way. The site is very easy to navigate and allows users to make transactions in a few steps without having to register or go through KYC protocols.
EasyBit supports hundreds of the most popular and in-demand cryptocurrencies and provides swapping services with varying fee levels. The highest fees are charged to guest users and new accounts, who have to pay 0.2%, and the lowest fees are charged to accounts with the highest transaction volumes, who have to pay 0.1%.
As is the case with some of the other exchanges on this list, EasyBit has made a point of providing the best customer support services possible. As a result, the platform has one of the best reputations in the industry and is highly reviewed on most feedback and aggregator sites.
When it comes to making large transactions, there are a couple of important things to note. Users who do not register with EasyBit have transaction limits of around $700. These limits are expanded once a user makes an account with the platform, but there are still limits until a user has a validated account, which requires some KYC. While registering with the platform and verifying an account will also lead to lower transaction fees, this is something to bear in mind for users who are adamant about privacy.
Conclusion
This list represents a good jumping-off point for users looking for convenient and safe methods of making large crypto swaps. It is important to note that the cryptocurrency market is volatile and that transaction fees often reflect that volatility.
Every exchange is different, so, depending on a particular user’s needs, one exchange might be better than another. What is paramount is the security of a user’s funds. Therefore it is always best to follow the golden rule of crypto, do your own research and find out as much as you can about a platform or service before using it.
