When looking to exchange Bitcoin for Cardano and vice versa, you will find that dozens of exchanges offer this service. However, their features may differ quite drastically, especially regarding their fees, security, privacy, and ease of use. We created this list of top exchanges to help you find the best service for swapping BTC to ADA by laying out all of their strengths and weaknesses.
Changenow is a cryptocurrency exchange that allows customers to easily swap over 400 cryptocurrencies for each other. Additionally, the exchange provides support for 50 fiat currencies to buy and sell crypto. Although the exchange has branded itself as a registration-free exchange, it still needs to comply with AML regulations due to accepting fiat for crypto purchases.
Changenow is easy to use, and its interface is as simple as it gets. Additionally, you can buy crypto with a credit card, and receive it directly in your non-custodial wallet.
Even though Changenow advertises itself as an anonymous and registration-free exchange, this is not the case. Large crypto-to-crypto swaps and fiat purchases will require extensive KYC procedures. Moreover, a lot of the crypto trading pairs aren’t available all the time.
Godex is a growing cryptocurrency exchange that boasts fast transactions and anonymous swaps that require no registration whatsoever. You simply go to https://godex.io/ and do your business.
It provides support for more than 300 different cryptocurrencies, including Bitcoin to Cardano exchange, with fixed rates and low fees.
Godex has a user-friendly interface that will accommodate beginners and experienced traders. Moreover, it allows you to remain entirely anonymous, as it will never ask you to register an account or provide any personal information. The rates are fixed for the whole time of the transaction. Finally, there’s no upper limit to how much crypto you can swap on Godex.
Anonymity comes at a price, and because of this, you won’t be able to use fiat money to buy cryptocurrencies on Godex. This exchange is exclusively crypto-to-crypto.
Swapzone is not a cryptocurrency exchange in the proper sense of the term. Instead, it aggregates offers from various partnered crypto exchanges, including Godex and Changenow, which are also on this list. As such, it proposes crypto swaps in different categories and rates them following different criteria.
Simple interface to find your cryptocurrency trading pair using its search engine that regroups various crypto exchanges. You can search for different criteria, such as transaction speed, low fees, or reliability.
It doesn’t provide crypto swaps itself but acts as a search engine for crypto swaps. This also means that the search results you find through Swapzone might require KYC, have low liquidity, or have low upper limits, depending on the exchange they will lead you to.
This is one of the older platforms — it has been operating since 2013. It is a classic exchange service with trading features. The platform supports over 800 trading pairs.
HitBTC boasts high liquidity, an attractive fee tier system, and a wide selection of order types. The platform ensures security with cold storage, progressive encryption technology, and two-factor authentication.
The platform could use some work on transparency. Moreover, it has been reported to have unresponsive customer support.
Crypto.com is one of the most popular centralized exchanges on the market. It offers a wide array of services, including advanced trading orders, crypto Visa cards, an NFT marketplace, and futures and derivatives trading.
This exchange has a huge offering of hundreds of cryptocurrency pairs and many of them can even be traded with leverage. While fees are somewhat high, users can get significant discounts if they choose to use the CRO cryptocurrency.
Most crypto pairs are limited to BTC, USDT, or CRO. This is a centralized exchange, which means that you have no control over your funds once you deposit them in your online wallet. And the high fees can be quite detrimental if you don’t plan on using CRO.
Simpleswap is a crypto exchange that allows the execution of quick crypto swaps, as well as purchasing crypto with fiat with Mastercard and Visa. While it requires no registration for minimal swaps, the exchange requires KYC for any fiat dealings or larger limit crypto-to-crypto swaps.
Simpleswap uses non-custodial wallets to send you your crypto, reducing the risks of hacks. It uses a simple interface and is easy to use for beginners. It also provides a handy mobile app for swaps on the go.
Although the website states that it doesn’t require a sign-up, you will need to go through an ID process for all fiat purchases. Sometimes, liquidity is lacking for certain trading pairs, which results in stalled transactions (several hours).
Bittrex is a professional cryptocurrency exchange that evolved from a crypto-to-crypto exchange into a versatile platform adding fiat support for over 200 different countries. Due to the low trading fees it offers, it is often preferred by day traders that need to do frequent trades without breaking the bank.
It has a great choice of cryptocurrencies and very low trading fees. And because it was created by three cybersecurity experts, Bittrex has always boasted the highest security features in the industry.
The trading interface needs an overhaul, as it’s lagging behind the competition. It’s also quite complicated, which might discourage. Due to the nature of the exchange (fiat support), you will be required to verify your account before you can start trading.
There are so many different crypto exchanges out there that it can be difficult to know where to start. Hopefully, our article gave you a good overview of some of the top crypto platforms, with their pros and cons.