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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