What is Exodus Swap?

Exodus Swap allows you to connect to our third-party exchange API providers inside your Exodus wallet to swap 250+ supported crypto assets.

With Exodus, you can conduct swaps from within your self-custody wallet. You control if, when, and how much of your crypto will pass into the custody of a third-party exchange API provider, unlike centralized platforms.

When you swap crypto, your chosen crypto is sent to the wallet of the third-party exchange API provider facilitating the order. This is an on-chain transaction and incurs a network transaction fee. When your swap is completed, you receive the swapped crypto back in your wallet.

What are the pros of swapping crypto with Exodus?

Swapping crypto with Exodus has many benefits. Here are some of the pros:

• Easy to use. Swapping crypto in a few easy steps.
• Swap 250+ assets. Multiple third-party exchange API providers offer over 250 assets to choose from, all in one place.
• More crypto-to-crypto pairs. Most assets can be swapped for the crypto you want in one step.
• No limits. Even if third-party exchange API providers have single-exchange maximums, you can swap as many times as you would like.
• Control. As a self-custody wallet, Exodus gives you full control over your funds through your 12-word secret recovery phrase and private keys. Unlike traditional custodial exchanges,
• where the exchange has custody of your funds, you control if, when, and how much of your crypto will ever be handled by a third-party exchange API provider.
• Swap from multiple devices. Exodus is available as a browser extension, desktop app, and mobile app.
• No sign-up needed. You can trade any supported assets with no sign-up or account creation necessary. For most swaps, no identity verification is required.
• Convinced? You can download Exodus here.
• What are the cons of swapping crypto

What are centralized exchanges?

Centralized exchanges, also known as custodial or hosted exchanges, provide a platform to buy and sell cryptocurrencies. These exchanges are similar to brokerages in traditional markets.

To see a list of popular exchanges, you can check out: Where can I buy Bitcoin and other crypto?

What are the pros of centralized exchanges?

Here are some of the benefits of using centralized exchanges:

• Advanced buying and selling options. Some centralized exchanges offer the ability to use leverage (buying or selling on credit) as well as set limit and stop-loss orders.
• Buy crypto with fiat. Some exchanges allow you to buy crypto with local fiat currencies.
• Sell crypto to fiat. Some exchanges allow you to sell crypto for local fiat currencies.
• More liquidity. More liquidity or availability of a token might lead to lower spreads.