An exchange that rewards crypto for every transaction

Cryptocurrencies have shown potential both as a means of payment and as an investment vehicle. During the latest bullish season, several countries such as El Salvador and the Central African Republic have adopted Bitcoin as legal tender. Publicly traded companies such as MicroStrategy and Telsa have also invested heavily in Bitcoin and added the cryptocurrency to their balance sheets.

While these countries and institutions are at the forefront of the crypto revolution, retail investors are not left out as many people have benefited from investments in digital assets over the past decade. While retail users can monetize crypto in a variety of ways, crypto trading is the most common method.

In its simplest form, crypto trading involves buying and selling digital assets. However, exchanging one currency for another requires the use of a crypto exchange. And while there are hundreds of trading platforms, exchanges like SimpleSwap help users process their crypto trades instantly while being rewarded with free tokens.

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What is SimpleSwap?

SimpleSwap is a direct cryptocurrency exchange that allows users to trade over 500 crypto assets at the best rate. Users do not need to store their funds on SimpleSwap as the platform processes all transactions instantly. No registration is required either.

SimpleSwap also offers fiat-to-crypto and crypto-to-fiat services, which means that users can buy and sell their favorite cryptocurrencies using fiat such as USD, EUR, GBP, RUB, etc. The platform partners with a business payment processor, allowing it to accept Mastercard and Visa credit and debit cards. There is no need to go through the KYC procedure for buy and sell orders up to 900 USD and equivalent.

SimpleSwap is simple and you complete a swap in four steps. Since you cannot store your cryptocurrencies on SimpleSwap, you must have an external crypto wallet before using the platform.

Step 1: Let’s say you have Bitcoin (BTC) in your wallet and want to exchange it for Tether USD (USDT). The first thing to do is to find a BTC/USDT pair on SimpleSwap.

2nd step: Enter the amount and then the recipient’s USDT address. It is always important to double and triple check any crypto wallet address you copy. If you paste the wrong wallet address, you can lose money.

Step 3: BTC Deposit: SimpleSwap assigns you a unique Bitcoin address. Send the specified amount of BTC to the address to continue the exchange.

Step 4: You will automatically receive USDT once the transaction is completed.

Features of SimpleSwap

Mobile phone application: SimpleSwap has a mobile app that allows users to trade crypto assets on the go. The app is available on the App Store and Google Play Store for iOS and Android devices.

SimpleSwap loyalty program: SimpleSwap rewards customers with crypto cashback for using the platform. Rewards are given in the form of SWAPs, SimpleSwap’s native token. The amount SWAP users receive depends on their cashback subscription. After accumulating enough SWAP tokens, customers can upgrade their plan to earn unlimited BTC cashback.

Users must create a “customer account” and the loyalty program functionality is automatically activated. To receive cashback, users only need to trade under their client accounts.

SimpleHold Wallet: SimpleHold is a non-custodial (lightweight) wallet created by the SimpleSwap team. The wallet allows users to securely send, receive and store popular cryptocurrencies and non-fungible tokens (NFTs). The wallet comes in the form of a mobile application (iOS and Android) and a browser extension (Chrome, Firefox, Brave, etc.).

Single Exchange Part (SWAP)

SimpleSwap Coin (SWAP) is the native token of SimpleSwap. Cryptocurrency is given to users in the form of cashback when registered customers trade crypto on the platform. SWAP holders enjoy enhanced BTC cashback plans and promotional activities, etc.

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