Token exchanges are essential in crypto space and I love DeFi swaps like Uniswap, KyberSwap, or DEX aggregators like Matcha and 1inch.
But fees are high and there are so many fees like gas fees, transaction fees, claim fees, vote fees, unlock fees... Pretty much anything you do there is a fee for that... fees are also essential part of crypto?! maybe so but who can afford them if they are too expensive?
If you wanted to swap Loopring (LRC) to ETH on 1inch exchange
it will find you the best exchange price like this
However before you will be able to swap LRC token, you have to UNLOCK LRC first so that your wallet will give permission to 1inch to use your LRC token.
If you don't unlock it, 1inch won't be able to access your LRC so no token swap. I think it is a great security feature but the same time, who wants to pay unlock fees for all the other tokens you HODL?
This is not just 1inch exchange. In Uniswap, you have to approve token before swap. KyberSwap all the other DeFi swaps work pretty much the same way.
One time is okay maybe? but two times is one too many? Or say no to unlock fee?
What is going to happen...
if you are a crypto newbie or have never HODL any tokens, but received BAT rewards for using Brave browser and decided to swap BAT for ETH?
Or simply you don't want to pay unlock fees like me?
Would you BUY some ETH beforehand so that you can pay for unlock fee and gas fee to swap tokens?
There are other exchange services like ChangeNOW, Changelly, SimpleSwap and there are so many more out there that you don't have to unlock tokens to use it.
But which service will give you the best exchange rate?
You can go through those websites and look for the best rates one by one... which is doable but to me, it is too time consuming and too much work so I use Swapzone, crypto exchange service that will "price match" and offer you the best rates.
Just go to swapzone.io and pick what tokens you like to swap and it will search for great rates like this
Just click on "EXCHANGE" to get your swap started. Unlocking is NOT required.
I am not actually going through these steps here... but
If you like to know how to use Swapzone for token swaps, I made these swap guides before.
- Swapzone: Get More Bang 💰 For Your Crypto (ETH to BTC Exchange)
- ChangeNOW + Swapzone Promo Will Take the $DOGE to the MOON?!
Swapzone gives you the best rates and MORE
It is official, Swapzone affiliate program is LIVE!
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I have got one from a good friend of mine, Maria (CEO) at Swapzone.
Basically their ambassador program like this -> https://swapzone.io/?refId=4
It's just a swapzone URL with a referral id BUT you will get 25% of token swap revenue made through the link AND you can use the link for yourself so you can get "cashback" from your own token swaps.
ChangeNow is a great token exchange and they also have affiliate program but 👇 minimum payout is 0.1 BTC...
You can still use changeNow through Swapzone and earn better rewards every month.
Become a swapzone ambassador!
If you use my affiliate link, my wallet will be happy but honestly, you should get this for yourself and make your wallet happy! (Once you save enough money, you can afford to pay expensive gas fees on something else or something...)
Just go to the referral program page here and signup there. No KYC just a few easy questions.
https://forms.gle/NY8ZzXAqMuBpXLz19
No time for forms? DM me on twitter or leave a comment below, I might be able to get you a direct line to Swapzone CEO.
(especially, if you are a crypto enthusiast, content creator, or influencer, they will love you.)
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