If you ever find yourself needing to swap between two cryptocurrencies, a centralized exchange like Binance, Kraken or Huobi might be the obvious way to do it.
However, the process of creating an account with them, passing KYC, withdrawing into an exchange wallet, selling the coin for BTC or USDT, then buying the cryptocurrency you want, might be a little tedious.
There’s a better way to do crypto-to-crypto swaps using Changelly.
Why use Changelly
Changelly is a non-custodial instant cryptocurrency exchange. Non-custodial meaning they do not hold users’ funds.
They act as an intemediary between crypto exchanges and users who want to swap between cryptocurrencies, searching for favorable rates across their partner exchanges and in return, charge low fees of 0.25% per swap.
With Changelly, users can swap tokens from one blockchain or token to another (e.g. Ripplenet to Ethereum or Tron to Chainlink) easily, without doing any KYC, i.e. semi-autonomously.