Cross-chain swaps, also called atomic swaps, allow users to swap tokens across different chains.

These swaps are important for users who wish to enjoy maximal flexibility—especially when being able to perform these crypto swaps from the convenience of their crypto wallets.

In this post we will go over some of the most popular crypto wallets and discuss their pros and cons.

What are crypto token swaps?

Crypto swaps refer to the direct exchange of a token for another without using fiat as an intermediary.

In essence, crypto swaps enable users to swap between two different blockchains straight to each others’ wallets.

Most crypto swaps occur using dedicated apps that allow users to trade tokens between crypto wallets in a decentralized environment. While not all crypto wallets offer this feature yet, more and more wallets are integrating crypto swaps as the concept becomes more popular.

Trust Wallet

Trust Wallet is a popular crypto wallet with a user-friendly and intuitive interface that simplifies everyday crypto transactions.

With Trust Wallet, users can buy, sell, and swap crypto, besides earning rewards, hold NFTs, and interact with decentralized applications.

The web3 wallet is easily accessible on mobile devices and available as a browser extension, making it a popular choice for both beginners and experienced users.

With over 140+ cryptocurrencies supported, Trust Wallet offers the best balance between ease of use and advanced features. Trust Wallet also offers seamless crypto swap options allowing users to swap crypto directly from the Trust Wallet mobile app and browser extension, with over 1 million pairs on offer.

The wallet also features advanced security protocols such as biometrics, risk monitoring tools, security audits, and alerts for blacklisted USDC addresses. Trust Wallet also enables encrypted cloud backups, and is perfect for mobile use with its simple user interface.

Pros

No KYC or identity verification required.
Enables access to DeFi and web3 dapps.
Extensive NFT support.
Over 1 million crypto pairs to swap from

Cons

Some tokens are supported only from the mobile wallet.
Advanced features may be daunting for beginners.

Key features

Easy access to NFT marketplaces.
Interact with dapps and DeFi protocols.
No personal information is required to use the app.

Exodus Wallet

Exodus Wallet first broke into the crypto wallet market in 2015 as an intuitive crypto wallet for managing different tokens. The wallet is available as a mobile app, desktop app, and web3 wallet on Windows, macOS, iOS, and Android.

This wallet is an excellent choice for users who like a simple, secure, and flexible cross-chain wallet on their desktop, laptop, or mobile devices. It supports over 100 cryptocurrencies and offers staking and portfolio tracking functionalities.

Its is a self-custody wallet with cloud security protocols and a dedicated security team, with additional integration with “cold wallets” like Trezor to make it among the most secure options in the market today.

Like Trust Wallet, users can swap one crypto for another using Exodus’ in-app swap feature. Crypto swapping on Exodus is done through third-party API providers, where users send their crypto from their wallet to a crypto swap platform that sends their desired crypto back.

Pros

Works on most desktops, laptops, and mobile devices.
No KYC needed to set up and use.
High degree of security.

Cons

Users report that the fees on Exodus are higher than other wallets.
Closed-source code raises questions about potential vulnerabilities.

Key features

Easy, simple and intuitive interface.
Crypto swap feature enabled.
Earn from staking rewards using the wallet.

Coinbase Wallet

Coinbase is the largest cryptocurrency exchange in the United States, and is well-regarded by its users for its steady, secure, and intuitive platform. Its native Coinbase Wallet features a user-friendly interface, stores over 240+ cryptocurrencies, and offers a variety of earning opportunities for users who wish to earn crypto. It’s also an EVM-compatible wallet focused on safe, secure trading while retaining full compliance with existing regulatory controls.

Also, Coinbase Wallet is self-custodial, allowing privacy-focused users to retain full custody of their private keys and digital assets stored directly on their devices instead of Coinbase itself. The wallet features industry-grade security protocols such as risk management, encryption, custodial insurance, and multi-factor authentication.

For individuals interested in doing crypto swaps, Coinbase Wallet offers a swap feature that enables decentralized token swaps on a variety of blockchains. All in all, Coinbase Wallet is an ideal choice for beginners and experienced crypto users who prioritize ease of use, convenience, and secure self-custody of their crypto portfolio.

Pros

Well-established reputation as the wallet of the leading crypto exchange in the US
User-friendly wallet interface.
Wide array of educational resources for users’ perusal.
Accessible in over 130 countries.

Cons

Intermittent customer support availability.
Slightly higher transaction fees than other wallets.

Key features

Fast onboarding process.
Enables users to interact with DeFi apps.
Well-integrated with TradFi protocols.
Allows for a variety of depositing options and card payments.
Available on Google Play Store and Apple Store.

Crypto.com DeFi Wallet

Crypto exchange Crypto.com launched its very own DeFi Wallet in 2020. The multi-chain wallet supports over 1000 crypto pairs for easy swapping across a variety of blockchain networks and allows users to manage their digital assets on various blockchain networks. The Crypto.com DeFi Wallet is a self-custodial wallet, granting users full control over their private keys and crypto while enabling access to a wide array of DeFi services.

With this wallet, users can store, swap, and earn yield on their holdings with a secure and well-established crypto exchange. The DeFi Wallet also enables users to perform crypto swaps on the app through a variety of DEX platforms.

Crypto.com DeFi Wallet is a self-custodial wallet that gives users complete control over their crypto and private keys. Moreover, the wallet features enhanced security features such as multi-factor authentication, 12-word recovery phrases, and industry-grade encryption.

Designed for ease of use, this wallet is readily accessible on desktop and mobile devices, whether as a standalone app, browser extension, or as a mobile app on iOS or Android devices.

Pros

Easy to set up and fund with credit/debit cards/bank transfers.
Offers rebates on over 20 tokens.
Enables portfolio tracking and features fast performance.
Supports a variety of blockchains and NFTs.
Self-custodial wallet offering high degree of security from a trusted US-based exchange.

Cons

The Crypto.com app is a prerequisite to perform transactions with the wallet.
Comparatively fewer educational resources than other exchange-associated wallets..
Service fees apply to any earnings users make on its DeFi features..
Could be daunting to use for total beginners.
Availability depends on the user’s location.

Key features

Users retain full custody of private keys and crypto.
Supports multiple chains for managing digital assets and send, store, and swap over 1,000 tokens across 30 blockchains.
Accessible on desktop, browser, and mobile devices.
Supports governance features for selected blockchains.

Guarda Wallet

Guarda Wallet has emerged as a strong alternative as a crypto swap wallet and complete platform for storing and managing digital assets. Its suite of products were designed to work on most browsers, mobile devices, and operating systems, delivering a secure, versatile, and intuitive multi-currency wallet accessible worldwide.

For individuals who wish to perform regular swaps, Guarda Wallet is natively integrated with partner exchanges to swap between cryptocurrencies and as an on-ramp and off-ramp to fiat and crypto. Guarda Wallet also has strong security features such as Touch ID, with the option to sync with “cold” wallets.

Pros

Accessible on most operating systems, mobile devices, and browsers
No KYC or personal information needed to create and use.
Offers high-level security.
Allows crypto swaps directly from the app using partner exchanges.

Cons

Some users have reported high trading fees.
Closed-source code poses security risks.
Guarda Wallet exchange partners tack on an additional fee on transactions performed within the same blockchain.

Key features

Available on web, mobile, and desktop.
Prepaid Visa card option.
Works seamlessly with Google Pay and Apple Pay.
Built-in exchange for easy in-app crypto swaps.
Supports over 50 coins and up to hundreds of thousands of tokens.

Houdini Swap: An Alternative Crypto Swap Platform for Privacy-Focused Users

Privacy-focused users understand that nothing on the blockchain is truly anonymous or fully private.

That is, until the arrival of Houdini Swap—the leading crypto swap platform for privacy-centric users.

The Houdini Swap platform is a liquidity aggregator that gives customers the ability to safely trade between different cryptocurrencies.

Users are able to transmit, swap, and bridge tokens across many blockchains with the use of its Private Swap function, all while maintaining the confidentiality of their transactions and detailed wallet information.

Within the framework of the protocol, a dual-exchange model and randomized Layer-1 platforms serve as privacy tunnels.

This ensures the outmost privacy for both parties while upkeep the highest level of compliance.

Houdini Swap is non-custodial, allowing users to keep ownership of their private keys and cryptocurrency.

Users who come from countries that are sanctioned by OFAC and wallet addresses that are on the blacklist are not allowed to use the platform since it is completely compliant with the current AML, ATF, and compliance regulations.

It also prevents TOR browser users from accessing the app to prevent any potential misuse or fraudulent activity, allowing Houdini Swap to maintain the best possible compliant privacy found in a crypto swap platform.

Best Crypto Swap Wallet: Conclusion

While there is no one-size-fits-all solution to determine the “best crypto swap wallet”—-it all stems largely depending on a person’s individual needs—these solutions will help you get started.

Try them out for yourself today and see which one works best for you. If you’re looking for overall convenience without the learning curve associated with self-custody, you could try out Trust Wallet.