7 Best Instant Crypto Exchanges

The term instant crypto exchange has been around for a while without many people taking notice of them. Some of the best crypto swap platforms are instant exchanges. The first instant platform I found was Changelly. At first, I didn’t know what to do with it, because there was no trading interface and almost no functionality at all.

Then I realized that all instant crypto exchanges are connected to other major platforms. This changed everything because now I could buy and trade coins from different platforms instantly without even creating an account. You don’t have to log in to several different places and you can find a lot of different cryptocurrencies.

The best part is that you can use your credit card to buy some of the newest cryptocurrencies on the market. I have found a lot of very good investments on instant exchanges thanks to the variety of coins they have.

In this article, I will show you what these platforms are all about and some of their special features like supported coins, deposit methods, and trading fees.

This is our list of recommended sites to exchange coins instantly:

1. ChangeNOW – Best overall
2. Changelly – Easiest to use
3. Swapzone – Aggregates the best rates
4. SimpleSwap – 0% fees
5. StealthEX – Fastest transactions
6. Exolix – Instant swaps
7. CoinSwitch – Best App for instant trades

I would suggest that you screen the whole article before you pick your winner. However, if you are in a hurry, below is a comparison table where you can see a quick review of each instant crypto site.

Best Instant Crypto Exchanges Compared

How to trade crypto instantly

1. Visit one of our selected exchange such as ChangeNOW.
2. Select the cryptocurrencies that you want to exchange.
3. Choose the amount you want to exchange.
4. Click “Exchange”.
5. Enter your recipient wallet address.
6. Check the transaction and click Confirm.
7. Send the coin you want to exchange to the given wallet address.

That’s it. Now ChangeNOW will process the swap and confirm it. Soon you will receive your new coin in your wallet!

1. SimpleSwap – Best for UK investors

Supported coins on SimpleSwap

SimpleSwap is currently supporting 300+ coins today and this list will probably grow with time.

Here is a snapshot of the cryptocurrency section where you can search for your specific coin.

This list is almost endless but they have a search bar to make things easier.

Now, this is a good reason to use SimpleSwap if you are looking for a crypto exchange with a lot of coins.

Sometimes you are looking for a new coin or a weird coin you heard about and you just need to find an exchange that is supporting it.

Then SimpleSwap will have your back with one of the longest lists of supported cryptocurrencies.

There is also a list of coins on the first page where the exchange section is.

It’s a dropdown menu of their list and here you can also search for your specific coin.

Since SimpleSwap is free from sign-ups, it’s very easy to start exchanging coins and it takes literally no time at all to start using this exchange.

This is why I like instant crypto exchanges.

If I’m looking for a special coin and I don’t have time to do a full KYC sign-up, this is the best option.

The time to exchange coins is between 5-60 minutes.

Deposit methods on SimpleSwap

SimpleSwap is not a traditional exchange where you have an account and deposit using a credit card.

On SimpleSwap you are using your wallet address as storage for your coins.

So for you to make an exchange, all you need is the cryptocurrency you want to exchange.

For example, let’s say that you would like to buy DigiByte.

But you only have Bitcoin at the moment.

That’s great because you can swap your Bitcoin for DigiByte on SimpleSwap.

Here is an image of how that would look.

As you see to the left, you type in how much Bitcoin you want to send.

Then on the right side you choose the cryptocurrency you want to swap to and SimpleSwap will tell you how much you will get.

You also have to add a DigiByte wallet address where the new DigiByte coins will land.

That’s how easy it is to use SimpleSwap.

Trading fees on SimpleSwap

SimpleSwap does not have a traditional % fee on their trades, or swaps.

Instead, they rely on finding the best rates for you and they do this by using several different traditional exchanges.

This is how it works.

When you ask to swap your coin for another coin, SimpleSwap is searching several other exchanges for the best rates.

They offer customers a certain rate that they get from this market analysis.

If the exchange is executed at a better rate than expected, SimpleSwap gets a small profit.

This is how they describe their commission.

And here are their exchange partners.

As you see, it can be quite profitable to trade on Simpleswap considering they don’t even have a fixed % fee on your trades.

They only rely on finding better prices than you normally would find and then they get a cut.

I like it!

SimpleSwap Rating

In my view, SimpleSwap seems very interesting.

You have to understand that this is not a normal Cryptocurrency exchange and there are no fancy trading interfaces or charts.

But what you get is something completely different.

You get to be in charge of your own cryptocurrency and act as your own safe altcoin storage through your own wallets.

If you feel that you can safely handle this, sometimes that is more secure than traditional exchange security.

Things are very fast and cheap on SimpleSwap.

There is no fixed trading fee and you have over 300 coins to choose from.

I am more than happy with my trading on their exchange and I think you will be as well.

For more about this platform, see our SimpleSwap review.

Pros	Cons
300+ supported coins	No Credit Card option
Support team available
No fixed trading fee
No sign up needed
Very easy to use

2. ChangeHero – Easiest to use

Supported coins on ChangeHero

ChangeHero has a lot of coins available to buy and trade.

The exact number is not sure but they say there are 100+ cryptocurrencies supported.

Here is a snapshot of the exchange section on their first page.

Here you are free to scroll down until you find your coin.

You can choose to trade with a fixed rate, where you are sure to get the price they give you.

Or, choose the Best rate which is a floating rate that may find better prices.

So in some cases, it might be worth a try.

Deposit methods on ChangeHero

On ChangeHero you can choose between exchanging your own cryptocurrencies or buying crypto with a credit or debit card.

This is what it looks like on the platform when you choose to buy with a debit or credit card.

This is an upgrade from most instant crypto exchanges.

Most exchanges only let you swap your own coins from wallet to wallet.

But here you have the option to actually buy the coins from the platform.

When you click Buy a new page will pop up and you are asked to put your card details.

If you have ever purchased something online you know the drill.

It looks like this on ChangeHero.

As you can see they may ask you to verify your identification, but that’s only the first time you use your credit card.

When you have done this, you are free to buy as many times as you like without ID verification.

I think ChangeHero deserves a spot on the list thanks to the option to pay with a credit or debit card.

When you trade cryptocurrencies you sometimes need several options to pay for your coins.

In the end, it doesn’t matter which payment method you use, I think both are very fast and simple to use.

You can buy crypto with USD, EUR, GBP, JPY, RUB, and other fiat currencies.

Trading fees on ChangeHero

ChangeHero is very clear with its trading fees.

They have a basic exchange fee of 0.50%.

This is very reasonable and also another reason to be on the list.

Many exchanges are trying to rob people with insane trading fees.

So this fee is nothing to be worried about, you can swap your coins without thinking your account balance will get eaten by fees.

ChangeHero Rating

ChangeHero doesn’t have as many coins as other similar exchanges.

I’m sure there will be plenty of coins added to this list with time.

The fee on ChangeHero is fixed which I like and it’s a very low trading fee so that’s a plus.

Pros	Cons
Credit / Debit Card option	Not a huge list of coins
Very low trading fee
Live chat
No sign up needed
Very user-friendly

3. Changelly – Best Reputation

Supported coins on Changelly

Changelly is one of the more famous instant cryptocurrency platforms on the market.

They currently support 150+ coins for their users.

They have a very nice list of coins to scroll through where you can see if your favorite cryptocurrency is here.

They will also give you a brief description of all coins if you find a coin you haven’t seen before.

That’s pretty cool.

I’m sure you will find what you are looking for.

However, if your coins are not here you can always check the other exchanges.

Deposit methods on Changelly

Changelly is another instant crypto exchange that accepts Credit Card payments.

Here are all their accepted payment methods:

• Credit Card
• Apple Pay
• Bank Transfer
• Cryptocurrency

This is what makes Changelly stick out from the rest of these platforms.

The variety of payment methods makes it very accessible for most crypto traders.

If you are looking for a fast way of buying your cryptocurrency and you want several options for payment.

Then Changelly is your pick.

At the moment Changelly accepts 3 fiat currencies.

• USD
• EUR
• GBP

Trading fees on Changelly

Changelly offers both fixed and locked rates when you swap.

The fixed trading fee is always 0.25% and the floating can vary a little bit.

This is another good reason to choose Changelly.

So far only SimpleSwap beats this but still, it’s almost nothing.

You will enjoy trading with the knowledge that Changelly won’t rip you off with extra costs.

Pros	Cons
Credit Card and Bank Transfer	Doesn’t support many fiat currencies
Plenty of coins
Live support
Very low trading fees
Good reputation
2FA Verification

4. FixedFloat – Best for speed

Supported coins on FixedFloat

FixedFloat currently supports 20 coins.

Here is a snapshot of all of them.

This may not be the longest list but you will find many of the most popular coins.

I think FixedFloat is working on integrating more cryptocurrencies into their platform.

So if we stick around for a while I’m sure they’ve extended this list.

Deposit methods on FixedFloat

On FixedFloat you are only able to transact with cryptocurrencies.

But this is a very easy process.

When you’ve chosen the coin you would like to exchange you will come to this page.

You have 30 minutes to copy the address and send your Bitcoin or any other currency you choose.

You can also choose to have the exchange notify you when the transaction is done.

Enter your email address and they will send you a notification.

When this is done you will be awaiting the confirmation and then performing the exchange.

Trading fees on FixedFloat

The fixed rate is 1% and the floating rate is 0.50%.

The difference is:

The fixed rate is guaranteed.

The floating rate will take whatever rate is available when your funds arrive.

So sometimes you will get a better rate with the floating rate.

Other times it will give you a worse rate depending on the exchanges.

FixedFloat Rating

FixedFloat doesn’t have the same variety of coins but they do have a very user-friendly interface.

I also know that their customer support is of the highest standards and will always greet you in the best way.

I’m very happy with FixedFloat.

They are stepping up and are in for the long-term in the exchange space.

Trading has been very good on FixedFloat and I will keep exchanging the major coins here.

Pros	Cons
Very user-friendly interface	Not many cryptocurrencies
Decent trading fees	No fiat payment
Awesome support + live chat
No signup
Trusted

5. CoinSwitch – Most Altcoins

Supported coins on CoinSwitch

CoinSwitch also has a massive coin list with over 400 cryptocurrencies supported.

They have a very nice search page on their platform where you can search for any coin they have.

It says “Search from 645 coins”.

The platform is advertising 400+ coins so there might not be that many.

But still, when you are looking for special altcoins, try Coinswitch first.

Deposit methods on CoinSwitch

CoinSwitch also lets you buy crypto with Credit Card.

They are actually using the same payment vendor as Changelly.

This tells me they are trusted.

They also accept fiat to crypto deposits through their main interface.

Unless you are from a very exotic country, I guarantee you will find your local currency here.

You can of course exchange crypto to crypto on CoinSwitch if you want.

Something special with CoinSwitch is that you can track your orders.

When you buy crypto or swap coins you will get an order ID.

Enter your order ID to see the process.

This is smart if you want to use your coins as soon as they arrive.

Trading fees on CoinSwitch

CoinSwitch has over 10 exchanges integrated into their platform.

This lets them have very low trading fees.

The basic transaction fee is 0% – 0.49%..

This depends on which exchange they find the best prices from.

So if you are lucky you will transact your coins with 0% fees.

This is a huge advantage over many other exchanges.

CoinSwitch Rating

CoinSwitch has the biggest pool of cryptocurrencies out of any instant crypto exchange I’ve seen.

I can’t imagine that you will not find what you are looking for here.

When I need to find the special coin none else has, I’m always going to CoinSwitch.

To know the platform more, we recommend you to check out our CoinSwitch review.

Pros	Cons
Biggest pool of cryptocurrencies	No trading interface
Credit Card option	No leverage
Live chat
Very low trading fees
10+ integrated exchanges
Trusted

What are instant crypto exchanges?

An instant crypto exchange is a relatively new term and they have in one way boosted the crypto ecosystem.

These exchanges are different from a normal custodial exchange like Coinbase or Binance, where the exchange is storing your cryptocurrency in their wallets.

On instant cryptocurrency platforms, you are in control over your own coins and wallet addresses.
This, of course, comes with some benefits and drawbacks and it all depends on what you are looking for.

So what are the trade-offs?

On normal exchanges like Coinbase or Binance, you have the security of knowing that your cryptocurrencies are safely stored in offline wallets by the exchange itself.

When you register on a normal exchange you are asked to send in documents of your identification and the registration process is a little bit more complex.

However, if you are using an instant crypto exchange you don’t need to go through all of the paperwork to start buying and trading cryptocurrencies or altcoins.

Since you are storing your own coins in your own wallets, the exchange is not responsible for your cryptocurrency.
And therefore, you don’t need to file KYC documents when you register.

The registration process is often much faster and simple.

Related: Non-KYC Crypto Exchanges

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Another thing worth mentioning about instant crypto exchanges is how they are operating.

The exchange itself doesn’t have an order book or its own market for different cryptocurrencies.

Most often the cryptocurrencies traded are aggregated from other traditional exchanges.

To explain this simply = Instant crypto exchanges are using traditional exchanges for liquidity.

Yes, that’s right.

When you send an order to buy ETH on an instant cryptocurrency platform, the instant exchange itself will send out orders to other exchanges.

This is possible thanks to partnerships between these exchanges.

This enables you as a crypto trader to receive the best rates without the trouble of signing up in 5 different places.

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Another thing to take notice of when trading on an instant exchange is the trading interfaces.

You will have the possibility to trade with high-end charts and indicators like you normally do.

You will not be able to trade with the market or limit orders.

But this is something to look past when you consider the benefits of always getting the best rates from the price algorithm that scans several other exchanges.

And of course the easy signup process too.

Now, let’s take a look a the top 6 best instant crypto exchanges on the market in 2023.

How can I get crypto instantly?

The easiest way to buy penny cryptocurrencies instantly is through an instant platform.

These platforms are not like traditional crypto exchanges where you have your wallet and regular trading interfaces.

They are connected to other platforms with a trading algorithm that scans the market for good prices.

So instead of trading on one platform, you can look for coins on 10 different platforms at the same time.

This way they can offer you a lot of different cryptocurrencies with very low fees.

Can you buy and sell Bitcoin instantly?

Yes, it’s possible.

You can buy and sell Bitcoin through instant platforms.

You don’t need to create an account and these platforms are connected to several other crypto exchanges.

This is possible thanks to a very smart algorithm that scans the market on other exchanges for cryptocurrencies and good prices.

For example, if you are buying coins on the SimpleSwap instant platform, you might actually get the coins from Binance or Bitfinex.

Yes, that’s right.

The instant platforms are connected to many other exchanges to let you buy and sell bitcoin instantly.

Conclusion

When you are looking for an instant crypto exchange you need to know how to compare it to the other exchanges in the space.

This article compares the most important aspects of the top 5 instant exchanges in the crypto community.

If you are in a hurry, read through the compare table at the top.

If you would like to know most specifics and have a look at the exchanges, read through the whole review.

Instant exchanges are all about easy transactions and exchanges.

All of the platforms in this list will serve you exactly what you need in different forms.

FAQs