Imagine you’re holding onto a collection of valuable tokens, but you’re looking to swap them for others that hold more potential for value growth in near future.
But wait, you have got to go through a bunch of hoops to get the tokens swapped - and GET A THIRD PARTY INVOLVED. If only it could work like swish-swash. Well, guess what? The crypto genie heard you and now it is a one-click process, thanks to ARMswap.
Just like you, ARMswap doesn't like intermediaries. You should have full control over your assets, and you should be able to swap them whenever you like - through a seamless process. ARMswap makes it happen and today, we'll show you how you can swap crypto with this tool.
What is Crypto Swapping?
Crypto swapping is the process of exchanging one cryptocurrency with another one without using any other fiat currency as an intermediary. The process to swap crypto is pretty neat; you just need to select the token you want to swap and the token you want to receive. If a liquidity pool for said pair exists, your selected tool calculates and gives you the exchange rate. You can just select the swap/ok button to execute the transaction.
Owing to the decentralized nature of crypto swapping, you retain full control of your funds. Moreover, it comes with great convenience as there is no need for fiat conversion.
How Does ARMswap Swap Crypto?
ARMswap is one of the top platforms that enable you to swap crypto securely and seamlessly. Here’s a step-by-step process of how it works:
Step-by-Step Guide to Swapping Crypto with ARMswap
The process to swap crypto through ARMswap is not only simple but also ensures broader access, liquidity and increased trading opportunities for token holders. For this example, let’s consider Avalanche (AVAX) as source chain and Binance Smart Chain (BNB) as destination chain
Note that you can also swap BNB to AVAX by swapping the source and destination chain in the following steps.
Step 1: Connect Your Wallet:
Go to ARMswap and click “Connect Wallet” to link to your crypto wallet. This allows you to link your preferred crypto wallet to ARMswap. It's important because unlike other crypto swap sites, ARMswap does not store your funds and facilitates secure swapping by directly connecting your wallet.
Step 2: Choose the Chains & Tokens:
Once your wallet is connected, select Avalanche (AVAX) as the source chain and Binance Smart Chain (BNB) as the destination chain. Blockchain networks operate independently so selecting the source and destination correctly to swap crypto ensures the cross-bridge routes your token properly.
Step 3: Add Token Amount:
Specify the tokens you wish to transfer from Avalanche (AVAX) to Binance Smart Chain (BNB).
In case, your wallet is not already connected to the Avalanche (AVAX) for this transfer, you will get a notification to switch to it. Enter the amount of AVAX tokens you wish to transfer. ARMswap will check if the liquidity pair is available and display the estimated BNB amount depending on current exchange rates, network fees, and liquidity.
Step 4: Enter the Amount and Approve:
If you are satisfied with the available exchange rate, type in the desired amount for transfer and confirm all details one last time. Then click “Swap” and approve it on your wallet.
Step 5: Wait for Completion:
Please note that it can take a little while for your crypto to show up in your wallet. Once approved, your transaction will begin processing - which usually takes a few minutes.
But the overall waiting time to swap crypto is 48 hours which account for network issues and liquidity problems
Handling Unsuccessful Transactions:
If your transaction across the blockchain networks is unsuccessful after 48 hours, you’ll get a notification explaining its reason.
You can also reach out to ARMswap’s support team with the screenshots of transaction for further help.
Final Words
Well, there you have it; the full guide on how to swap crypto. Unarguably, swapping crypto with ARMswap is a pretty straightforward and secure process. So, whether you have an AVAX, a BNB, an EVMOS, or even an IOTX, worry no more as ARMswap has got you covered. It has, in fact, gotten 31 blockchain networks covered (with another 20 on the way) so throw any token its way and you’ll get the pair done.
So, what are you waiting for? Hop onto the platform and get swapping!
