Summary
You can easily swap between any cryptocurrencies listed in the Bitcoin.com Wallet app. Just tap the "Swap" button on the home screen and follow the instructions.
Table of Contents
Swapping between cryptocurrencies
From the app’s home screen, tap the “Swap” button (it’s in the toolbar at the top of the screen).
Select the assets you want to swap between. For example, swap from Bitcoin (BTC) to Ether (ETH).
Input the amount you’d like to swap.
Select the wallet for the asset you’d like to swap into. For example, if you’re swapping into Ether, you may want to receive it in your “My ETH Savings” wallet.
Tap the “GET QUOTE” button.
Check the details and slide the button to confirm.
How do I know when my swap has been completed?
A push notification and alert 🔔 in app will let you know you when the swap is completed. The time it takes to complete a swap depends on the assets being swapped and current network congestion. It can range from a few seconds to as long as 20 minutes.
You can also open the Bitcoin.com Wallet app, tap Swap, then the Menu (three dots) in the top-right corner, and select Swap history to view all transactions, statuses, and order numbers.
Why swap between cryptocurrencies?
Diversify Your Portfolio
There are a lot of good reasons to trade your crypto, not least of which is to diversify your portfolio. If you bought Bitcoin, you may want to go further out on the risk curve by swapping it for a more volatile asset like Ether (ETH). If you’re looking for even more volatility, you could trade into one of the many tokens supported in the Bitcoin.com Wallet app. You can browse the supported tokens in the swap menu.
Escape Volatility
On the other hand, maybe you’re looking to escape volatility. Or perhaps the market moved against and you and you’d like to cut your losses. In those cases, you may want to swap into a USD “stablecoin” like USDC or USDT. Later, when you’ve decided the crypto markets are back on the upswing, you can swap back into your favorite coin in just a few taps.
Get More Utility
Another good reason to swap cryptocurrencies is to take advantage of the utility offered by the crypto you’re swapping into. This generally falls into two categories: spending and web3 use cases.
Spending
Some cryptocurrencies, like Bitcoin Cash (BCH) have faster transaction speeds and lower transaction fees, making them better for spending. There are many ways to spend your cryptocurrency, and the list of merchants that accept it is always growing. You can use the Discover section of the Bitcoin.com Wallet app to find:
An interactive map to find businesses near you that accept crypto.
A gift cards space where you can browse through a huge list of retailers.
Integrations with services where you pay with crypto for travel, games, software, and more.
Web3 use cases
Some cryptocurrencies have utility in web3, which is the fast-growing next iteration of the internet that puts users in control. For example, Bitcoin.com’s VERSE token can be used to earn rewards, purchase scratch & win tickets for a chance to win big, and get bonuses in games like Verse Clicker.
Other cryptocurrencies like ETH, AVAX, MATIC, and BNB are the fuel needed to execute functions on a public “smart contract” network. Here the use cases range from borrowing and lending, to financial derivatives and more.
Looking for more ways to use your crypto? Learn about prediction markets, lending markets, derivatives, and more in our comprehensive Learning Academy.
If you have any questions and are using the Bitcoin.com wallet app, simply tap "Settings," then "Help & Support," and select "Speak with a support agent." Send us a message, and we’ll be happy to assist you.
For email support, please reach out to [email protected].