Introducing LetsExchange: A Fresh Approach to Cryptocurrency Swaps
LetsExchange, a recently launched instant cryptocurrency exchange service, brings a unique perspective to the world of digital currency trading. While it may be a newcomer to the scene, LetsExchange has quickly found its footing by catering to a specific niche within the industry and providing a range of distinctive features that resonate with users.
Privacy, security, and convenience are at the forefront of LetsExchange’s priorities. Unlike other exchanges, there is no need to register an account or go through any verification procedures to begin trading. By not taking custody of users’ private keys and assets, LetsExchange ensures that individuals have full control over their funds, utilizing their own wallets for transactions. Additionally, the service does not impose any upper limits on the number of swaps or their total amount. Transparency is key, with all transactions being verifiable through block explorers, and users have the option to download a receipt containing transaction data.
LetsExchange offers its users a range of benefits to ensure safe and seamless swaps. Its non-custodial services provide protection against crypto account hijacking and guarantee the advanced security of users’ funds. By utilizing multiple liquidity providers, LetsExchange facilitates quick swaps of over 260 coins and automatically selects the best available rate for each exchange request. Let’s take a closer look at some of the key features offered by LetsExchange:
Instant Swaps without Mandatory Registration: While registration is optional, LetsExchange allows users to trade as soon as a profitable rate is available, eliminating the need for time-consuming registration and verification processes.
Extensive Coin Support: With over 260 coins available for swapping, LetsExchange offers a wide variety of cryptocurrency trading options. The platform regularly updates its supported cryptocurrencies by adding new coins and tokens to its range.
No Upper Limits: LetsExchange does not impose any limits on the number of swaps or the maximum amount to be exchanged within a single swap. However, there are lower limits in place to prevent users from engaging in loss-making transactions where network fees account for a significant portion of the total exchange amount.
Enhanced Security: LetsExchange prioritizes the security of user funds by not storing them. Instead, users deposit money from their wallets and receive exchanged funds directly into their wallets. All transactions are performed on-chain, providing users with complete control over their cryptocurrency. The platform incorporates advanced security measures, including DDoS protection and an SSL certificate, to ensure top-level safety and prevent any information interception.
SmartRate Technology: LetsExchange employs SmartRate technology to compare exchange rates among its liquidity providers and select the best deal for users.
Transparency: The exchange process on LetsExchange is completely transparent. Users have the option to download a receipt containing all the details of their swaps.
24/7 Customer Support: LetsExchange offers real-time customer support through email and live chat, providing fast and professional assistance to address any questions or concerns.
Fixed and Floating Exchange Rates: Users can choose between fixed and floating exchange rates. The fixed rate option guarantees the exact sum displayed at the initiation of the swap, while the floating rate option allows users to leverage market fluctuations. The fixed rate incurs a small fee to account for volatility risks and avoid slippage during the exchange execution.
User Accounts: For those who prefer the convenience of their own account, LetsExchange provides extensive functionality, including transaction history, a favorites list, a portfolio management tool, and an affiliate program.
LetsExchange History
Although LetsExchange was conceptualized in 2020, it wasn’t until March 1, 2021, that the fully-fledged platform was launched. Despite being a newcomer, LetsExchange has developed a fully functional platform that allows users from around the world to enjoy limitless swaps without mandatory registration. The initial development stage has been completed, and the exchange offers the necessary functionality for effortless cryptocurrency swaps. The platform continues to develop and add new features, with a goal of listing more than 350 cryptocurrencies and tokens to provide users with even more diverse swapping options.
Fees
LetsExchange does not charge withdrawal fees as funds are sent directly to users’ wallets. However, users are required to pay network fees and potential liquidity providers’ fees for on-chain transactions. The total amount of fees depends on the selected crypto pair and is included in the exchange amount displayed on the platform’s widget.
Supported Countries
No personal information is required to use LetsExchange, meaning it is accessible to users worldwide as long as they have a wallet to facilitate the swaps.
User Interface
The user interface of LetsExchange is designed to be intuitive and user-friendly, making it accessible for both experienced and inexperienced users. The platform provides clear instructions on what information needs to be provided, where to enter the receiving address, and how to make a deposit. The swapping process can be easily completed in just a few simple steps.
Customer Service
LetsExchange prides itself on its responsive customer service. With an excellent rating on Trustpilot, the platform’s support team has received praise for promptly resolving swap-related issues, even when they were a result of user error. Users can reach out to LetsExchange through various channels, including Twitter, Reddit, and other social media platforms.
Conclusion
With its extensive coin support, top-level security, responsive customer support, and a host of other benefits, LetsExchange stands as a reliable platform for swapping cryptocurrencies. The only limitation to note is that fiat money, including bank accounts and bank cards, cannot be used for swaps. However, aside from this, LetsExchange operates as expected and delivers a seamless trading experience.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The views expressed in this article are the author’s personal opinions and do not reflect the opinion of The Crypto Basic. Readers are advised to conduct their own research before making any investment decisions. The Crypto Basic is not liable for any financial losses incurred.