How to exchange your cryptoassets ? (swap)
What is the exchange, or rather the "swap", from one crypto-asset to another?
The swap allows you to instantly switch your exposure from one crypto to another with lower fees than going through a classic sell-then-buy operation. To do so, you would need to go through digital assets whose values are pegged to those of fiat currencies, known as stablecoins.
⚠️ Warning
The institution issuing the USDT stablecoin does not comply with the European MiCA regulation. As it is non-compliant, USDT has therefore been removed from the platform. As such, we are replacing the use of the USDT stablecoin with the USDC stablecoin.
More details: Delisting USDT & other projects. Why? And what impact on your cryptos?
What is USD Coin or USDC?
USDC is a stablecoin offered by the company Circle: this means that each USDC token issued stays as close as possible to the value of one dollar (USD). 1 USDC is equal to approximately 1 USD.
To find out more about USDC, check out this article from our academy.
What are the fees on transactions involving USDC?
A commission is applied on transactions between USDC ⇔ Cryptos. For more information, please consult our fee schedule.
How to perform a swap from BTC to ETH via USDC?
Simply follow the same steps outlined above for USDT, but this time by selecting the USDC stablecoin:
- Exchange your BTC for USDC by clicking the "Exchange" button, checking the acceptance box and clicking "Confirm". The interface will notify you once the operation has been successfully completed.
- Exchange your USDC for ETH using the same "Exchange" button and the same procedure.
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