Review of LetsExchange: Hassle-free swapping of over 4,500 cryptocurrencies
Looking for a reliable and transparent crypto exchange that supports over 4,500 cryptocurrencies? Look no further than LetsExchange. In this comprehensive review, we’ll explore the features and benefits of LetsExchange, a leading crypto exchange platform.
Introduction
Launched in 2021 by a team of experienced entrepreneurs, LetsExchange has quickly become one of the top instant swap providers in the industry. With over 4,500 supported coins and tokens and over 60 fiat currencies, LetsExchange offers a wide range of options for crypto enthusiasts.
LetsExchange Functionality
Crypto Swaps
LetsExchange allows users to directly swap over 4,500 cryptocurrencies, including popular coins like BTC, ETH, XMR, TON, SOL, and BNB. It boasts the largest number of supported assets among similar platforms. Additionally, LetsExchange supports cross-chain swaps, enabling users to exchange tokens running on different blockchains without the need for intermediate transactions.
Fixed and Market Rates
Users have the option to choose between fixed and market rates when swapping coins. With the market rate option, the platform selects the most profitable exchange rate from available liquidity providers. However, the number of coins received may vary if the exchange rate changes during the swap process. On the other hand, choosing a fixed rate ensures that users receive the exact number of coins displayed in the widget when initiating the swap. Users can also use promo codes to receive cashback in fixed rate mode by participating in platform activities.
On-ramp & Off-ramp
LetsExchange allows users to buy or sell crypto using over 60 fiat currencies. Various payment methods, including bank cards, bank accounts, SEPA transfers, Apple Pay, and Google Pay, are supported. LetsExchange collaborates with leading fiat payment processors to ensure users can choose the most profitable provider.
Automated AML Checks
To ensure the legitimacy of funds, LetsExchange performs automated Anti-Money Laundering (AML) checks on all incoming funds. If the user’s coins do not pass the AML check, the funds are reimbursed to the sending wallet instead of being blocked.
DEX Mode
For users who prefer decentralized swaps, LetsExchange offers a DEX mode. Currently, it supports Ethereum, BSC Mainnet, Polygon Mainnet, Optimism, and Arbitrum, with more networks to come in the future.
LetsExchange Benefits
Safety
LetsExchange prioritizes safety and offers a non-custodial platform. With a Trustpilot rating of 4.7, users can trust the platform with their crypto assets.
Transparency
The platform is 100% transparent with users. Each swap step can be tracked in the widget or a blockchain explorer, and the transaction status can be checked on the Status page or in the user’s personal account.
Low Fees
LetsExchange charges low fees, including blockchain fees, liquidity provider fees, and processing fees. These fees vary depending on the specific cryptocurrency pair but are generally very low.
Deep Liquidity
By aggregating liquidity from multiple providers, LetsExchange ensures seamless swaps even for large amounts and rare coins, with no delays in processing.
User-Friendly Interface
LetsExchange features a user-friendly interface, making it accessible even for beginners. Step-by-step guides are also available to assist users in navigating the platform.
Reliability
The platform works consistently without unplanned downtime. In the event of updates that may cause interruptions, the team communicates with users in advance through social networks.
24/7 Customer Support
LetsExchange provides 24/7 customer support via live chat or a dedicated form, ensuring prompt assistance for users.
Account Registration
While account registration is not mandatory, it is recommended for users to access the full range of features. Registration only requires a valid email address and takes a few seconds to complete.
LetsExchange’s Affiliate Program
Users can earn additional income through LetsExchange’s affiliate program. By registering an account, users gain access to various affiliate tools, including the ability to create affiliate links, exchange widgets, buttons, and even a Telegram bot with all exchange functionalities. All affiliate swap data can be tracked in the user’s personal account.
Pros and Cons
Pros:
– Wide selection of supported assets
– Ability to buy and sell crypto with fiat
– Fixed and market exchange rates
– Low fees
– Cross-chain swaps
– No mandatory account registration
– Extensive functionality in personal account
– User-friendly interface
– Automated AML checks
– Safety and reliability
– 24/7 customer support
– Accessible affiliate program
Cons:
– No wallet functionality
Bottom Line
LetsExchange is a safe and reliable platform for seamless crypto swaps. With its extensive range of supported assets, low fees, transparency, and 24/7 customer support, LetsExchange caters to users of all levels of experience. Whether you’re a beginner or an experienced trader, LetsExchange provides a secure environment for effortless crypto swaps.
FAQs
Is LetsExchange a trustworthy platform?
Yes, LetsExchange is a trustworthy platform with a Trustpilot rating of 4.7. The customer support team is professional and addresses any issues promptly.
Is LetsExchange suitable for beginners?
Yes, LetsExchange has a user-friendly interface that makes it accessible for beginners. Detailed guides are also available to assist users in navigating the platform.
What security measures does LetsExchange implement?
LetsExchange is a non-custodial platform that does not store users’ personal data or funds. It collaborates with Hacken to ensure the safety of all processes. Additionally, automated AML checks are performed on all incoming funds.
Pros:
– Impressive selection of listed cryptocurrencies with over 100,000 crypto pairs available
– Privacy: sharing personal information is not required
– Security: non-custodial platform with secure and transparent on-chain transactions
– Fixed rates supported
– Offers and liquidity aggregated from multiple exchanges for fast swaps with competitive rates
– Responsive 24/7 customer support in real-time
Cons:
– Crypto-to-crypto swaps only, fiat currencies are not supported
Tags:
– Decentralized exchange