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 at the top right and the bottom left of the home screen).
Select the assets you want to swap. For example, swap from Bitcoin (BTC) → Bitcoin Cash (BCH).
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 Bitcoin Cash, you may want to receive it in your “My BCH Savings” wallet.
Tap the “GET QUOTE” button.
Check the details and slide the button to confirm.
Please see an instructional video here:
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 can range from a few seconds to as long as 20 minutes
If you are having trouble swapping, this article may help.
Why swap between cryptocurrencies?
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 Ethereum. If you’re looking for even more volatility, trade into one of the of 100 ERC-20 tokens supported in the Bitcoin.com Wallet.
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” (the cryptocurrency version of a US dollar). 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.
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 DeFi use cases.
Some cryptocurrencies 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.
DeFi use cases
Other cryptocurrencies are the fuel needed to execute functions on a public network.
Looking for more ways to use your crypto? Learn about prediction markets, lending markets, derivatives, and more in our comprehensive Learning Academy.