Bitcoin (BTC) has paved the way for the cryptocurrency industry in 2009, and it remains the most popular crypto in the market, having the largest market capitalization and the biggest market share among all the tokens available. However, some people who hold BTC also hold other tokens or may want to hold or use them for various reasons.
The good thing is that crypto swapping is available in Ka.app , a crypto payment app, so you can quickly and easily swap BTC for another token without paying high conversion fees.
What Is Crypto Swapping?
Crypto swapping is the process of directly exchanging a specific token for its equivalent value in another token. It makes things more convenient for users as they don’t have to use another currency when the trading pair they prefer is not available (e.g., they can directly convert BTC to KASTA instead of converting BTC to Euro to KASTA first).
Where to Swap Bitcoin?
Ka.app has two app features that allow users to swap BTC in the simplest ways possible. The first one is the Easy Swap Engine, and the other feature is the Swap button.
a. Easy Swap Engine
This feature enables users to automatically receive crypto payments in their preferred currency as long as it’s available in the app. Therefore, if a friend wants to pay you €35 in BTC but you prefer to receive it in Tether (USDT), you can enable the Easy Swap Engine so you can receive the payment in USDT.
b. Swap Button
On every crypto asset’s screen, there’s a “Swap” button that allows you to conveniently swap or convert one type of currency for another (e.g., BTC to USDT) on your own.
How Does it Work?
The process of swapping a token may vary depending on the exchange, platform, or app you use. Some platforms need you to input your wallet address and/or network type and may take a few hours to complete the transaction, while with Ka.app, you can swap Bitcoin for another token in just a few seconds.
How to Swap the Bitcoins You Receive Using the Easy Swap Engine
The process of swapping a token may vary depending on the exchange, platform, or app you use. Some platforms need you to input your wallet address and/or network type and may take a few hours to complete the transaction, while with Ka.app, you can swap Bitcoin for another token in just a few seconds.
- Find the settings icon on the app’s dashboard and click it.
- On the drawer, click “Easy Swap.”
- Tick “Enable Easy Swap.”
- On the first dropdown, choose Bitcoin.
- Choose the currency you want to receive when someone sends you Bitcoin.
How to Swap Bitcoin Using the Swap Button
- Choose Bitcoin from the list of crypto assets in the app’s dashboard.
- Click the “Swap” button.
- Choose the currency you want to swap Bitcoin to.
- Enter the amount or number of tokens you’d like to convert. You may also choose a percentage (10%, 25%, 50%, or 100%).
- Enter your pin code to confirm the Bitcoin swap.
Which Tokens Can I Swap in the App?
The current version of Ka.app accepts only four tokens: BTC, Ethereum (ETH), USDT, and the KASTA token. The team will add more currencies to the app soon, which will include fiat currencies such as the US Dollar and Euro.
How Much Does Bitcoin Swapping Cost?
The cost of swapping BTC in Ka.app varies depending several things: (1) how much you want to swap, (2) to which token you want to swap your BTC, and (3) whether you locked up or staked KASTA tokens in the app.
Users who lock up or stake KASTA tokens are charged with lower exchange fees depending on how much they’ve locked up or staked. It’s great to know though that it’s free to send crypto and receive them in the same currency (e.g., BTC to BTC) in Ka.app.
How Long Does it Take to Swap BTC?
In several seconds. Aside from the easy-to-use interface, Ka.app uses technology that enables users to swap BTC and other tokens quickly.
Is There a Swap Limit?
There are no swapping limits in Ka.app. You can swap as much BTC as you want and as many times as you prefer.