5 Best Cheapest Crypto Swap Exchanges of 2024 

Crypto swap exchanges play a pivotal role supporting digital currency ecosystems. These platforms provide a variety of services catering to crypto users’ needs.  

In this article, we will cover the best low-cost crypto swap exchanges of 2024. Read on to learn everything you need to know about how to choose the most suitable crypto swap exchange.

What are crypto swaps? 

Crypto swaps allow you to trade a crypto token for another without using a centralized exchange or fiat off-ramp. 

A crypto swap involves an equivalent amount of a token pair based on their current market valuation. 

If you’re swapping $50 worth of Avalanche for Solana, you receive $50 worth of Solana minus any platform fees. Swapping allows you to save time and money, since swaps incur less fees and less steps to complete.

We’ve selected five of the cheapest crypto swap exchanges for you: 

• Houdini Swap
• Binance Convert
• Bybit Convert
• Coinbase
• SimpleSwap

Let’s take a closer look at each in the following sections. 

1) Houdini Swap: Best Cheap and Privacy-Centric Crypto Swap Exchange

Houdini Swap is one of the fastest-rising crypto swap platforms of 2024. The platform offers fast, private, and fee-free swaps, presiding over $1 billion in total trade volume since launching in 2023. Houdini Swap is a liquidity aggregator featuring 4,000+ crypto tokens and 8 million token pairs. It also enables users to send, swap, or bridge their digital assets privately and semi-anonymously using its Private Swap feature.

The platform uses a dual-exchange architecture using randomized Layer-1 platforms to keep sender and receiver addresses private when performing private swaps. On the other hand, Houdini Swap’s standard swap feature offers fast, fee-free swaps. It also offers the highest degree of privacy than all other crypto swap exchange platforms. Coupled with its non-custodial and fully decentralized nature, Houdini Swap enables users to take full control of their crypto.

Houdini Swap offers the best balance between efficient swaps and privacy. It makes a strong case as being the #1 low-cost crypto swap platform, especially for privacy-centric users.

Pros

• Houdini Swap charges users no direct fees.
• The platform is non-custodial and decentralized
• Users can perform standard and private swaps on the platform. 
• Standard swaps on Houdini Swap take mere seconds to minutes to execute. 
• Fully compliant with AML, ATF, and compliance standards
• Houdini Swap offers 4,000+ tokens and 8 million pairs to send, swap, or bridge.
• Best-in-class privacy out of all crypto swap exchange platforms 

Cons

• As a decentralized crypto swap exchange, Houdini Swap might be a bit more complex for beginners, but in that case – just join our community and we will help you!.

2) Binance: Best Low-Cost Centralized Crypto Swap Platform for BNB Ecosystem

Binance is the largest centralized exchange by trade volume. It’s also home to one of the most intuitive and efficient platforms for crypto swaps. Binance Convert, its native swap platform, keeps swaps simple with its accessible UI/UX. It supports a good number of the tokens listed on the Binance trading platform, giving users a variety of pairs to choose from. 

The process of swapping is quick. Binance Convert shows you a preview of the conversion rate with the amount of crypto you will receive after the swap is confirmed. There are no other steps or screens to navigate through. Binance also offers discounts and perks for BNB holders, making the platform an ideal choice for ecosystem users. 

Pros

• Renowned for security and reliability
• High liquidity
• Offers a diverse selection of tokens and token pairs for swapping. 
• The platform offers BNB Chain-native features and perks for BNB holders
• Binance users can leverage staking and DeFi income generation opportunities on the platform
• Accepts credit/debit cards, bank transfers, e-wallets, and P2P transactions for convenience
• Top-notch customer support.

Cons

• Full KYC, no privacy.
• Because of its robust features and trading options, Binance could be overwhelming for beginners to use
• Users have less control over funds due to its centralized nature

3) Bybit: Fast, Cheap, and Simple Centralized Exchange Crypto Swaps

Like Binance, Bybit offers a simple and intuitive cheap crypto swap functionality called Bybit Convert. Bybit Convert enables user-friendly and fee-free swaps, relying on its order books and market makers to ensure minimal slippage and competitive exchange rates. Bybit offers conversion through its Funding and Derivatives accounts. You can easily transfer your funds to these accounts to perform secure, reliable crypto swaps directly from the Bybit website or app.

Bybit banks on industry-standard security to protect user funds and data. Its flexibility, not to mention its privacy, has seen it rise as a viable alternative to Binance.

Pros

• Robust trading and matching backend
• High liquidity
• Sophisticated trading features
• Full featured web and mobile app interface
• Top-notch security
• Generous bonuses and referral programs

Cons

• KYC and no privacy
• Limited selection of crypto assets
• Users have less control over funds due to its centralized nature
• No fiat withdrawals

4) Coinbase: Top Low-Cost Crypto Swap Exchange for Beginners

Coinbase is the leading crypto swap exchange in the US, UK, and Germany, second only to Binance in total trade volume. It’s known for its security and simplicity, especially beneficial for beginners. Coinbase was established in 2012, offering 250+ tokens and 400+ markets for users to participate in.

The platform banks on robust security measures such as multi-factor authentication and cold storage to secure user funds. But its biggest draw is its simple, intuitive interface that makes it appealing to new and experienced users alike. 

Besides enabling seamless transactions and portfolio management, Coinbase features a vast library of educational resources to help users navigate the complexities of investing in and trading crypto. With its low fees and robust suite of features, Coinbase remains one of the top choices around. 

Pros

• User-friendly UI/UX for beginners and pros alike
• Second-largest centralized crypto exchange with highest usage in US, UK, and Germany
• Top-notch customer service
• Robust security features such as 2FA and cold storage

Cons

• Full KYC, no privacy
• Coinbase isn’t fee-free unlike other options on this list
• Users have less control over funds due to its centralized nature
• Coinbase may restrict access or trading activities in some cases 

5) SimpleSwap: Excellent Alternative Decentralized Crypto Swap Exchange

As the name implies, SimpleSwap is a straightforward non-custodial crypto swap exchange offering an easy way to buy, trade, and swap over 500 coins on the platform.

All you need to do is to set the terms of your trade, enter the receiving address, and proceed with your swap. You have the option to choose between floating or fixed rates. The ease with which SimpleSwap makes it for users to buy, send, and swap makes it an enticing alternative to more advanced decentralized exchanges.

Pros

• Over 500+ coins to buy, swap, and send
• Good customer service levels
• Users can earn rewards from affiliate and loyalty programs by creating an optional account

Cons

• Lacks advanced features like automated and copy trading 
• KYC may be required when resolving transaction disputes

How to choose the best low-cost crypto swap exchange

• Security is of paramount importance. Does the site use robust security features such as multi-factor authentication and encryption? 
• Is it non-custodial or does it store assets offline in cold storage for additional protection? Another important question is if it is easy to use. Simple, practical user interfaces can make crypto swaps easy as pie. More robust trading interfaces like centralized exchanges can make things needlessly complicated. 
• Next, check if the swap platform supports the cryptocurrencies you intend to buy, sell, or swap. More choices mean more ways to diversify your portfolio.
• Then, check the fee schedule of the crypto swap exchange in question. Fees can, after all, add up over time and eat into your portfolio value. While you should look for an exchange with the most competitive rates, remember that the cheapest one doesn’t necessarily mean it is the best. Don’t sacrifice quality for a few pennies’ worth of savings. 
• Also check whether the transaction speeds and the reliability is consistent. Time is money in crypto, and you don’t want to miss out on a big trade because of a faulty or slow platform. Liquidity is a key factor, since higher liquidity means better prices and faster trades without impacting prices too much. 
• Last, but not least, any crypto swap exchange worth its salt should have responsive and available customer service. Check reviews and research the platform’s reputation before using it. Platforms with good reviews are always a better bet than platforms with a bad reputation.

What determines the fees of a crypto swap exchange?

Several factors affect the pricing of a crypto swap exchange. They are as follows: 

• Transaction fees. Crypto swap platforms may set their own transaction fees. Generally, users pay anywhere between 0.25% to 0.3% on decentralized exchange swap fees.
• Token prices. Token prices can differ between exchange platforms, offering arbitrage opportunities.
• Gas prices. Every underlying blockchain requires users to pay gas fees for every interaction. Gas fees can change depending on factors such as blockchain congestion and periods of high usage.

Top Cheapest Crypto Swap Exchanges of 2024: Conclusion 

In this guide, we summarized the top five cheapest crypto swap exchanges of 2024 as follows: 

• Houdini Swap
• Binance Convert
• Bybit Convert
• Coinbase
• SimpleSwap

While the “best” low-cost crypto swap exchange will depend primarily on your goals, one way to ensure you get the best prices is to use a liquidity aggregator like Houdini Swap. Houdini Swap pulls prices through its vast network of partner exchanges to ensure that you get the lowest possible rates. Coupled with its dual-exchange architecture and enhanced privacy features, Houdini Swap is best (based on ours, completely objective, judgment).