How to swap crypto: a step-by-step guide

A crypto swap exchanges one digital asset for another. Monivo requests estimates from its connected providers, lets you compare expected output and rate type, then hands execution to the provider you select. Standard crypto-to-crypto swaps need no Monivo account; the provider still applies its own compliance policy.

What is a crypto swap?

An aggregator is a comparison layer, not an order book or the party executing the swap. For each amount, Monivo asks connected providers for estimates and ranks the responses by expected delivered output. It does not survey the entire market. The chosen provider receives the deposit during settlement and sends the output asset to the destination address.

Step-by-step: how to swap crypto

1. Step 1

   Choose the asset, amount, and network

   Select what you will send and receive. A ticker can exist on several networks, so use the exact network supported by both your sending and receiving wallets.

2. Step 2

   Read the live estimate

   Compare estimated delivered output, provider, fixed or floating status, minimum, and expiry. Refresh after changing the amount or network.

3. Step 3

   Verify the destination

   Paste the receiving address, compare its first and last six characters, and include a memo or tag only when the wallet supplies one.

4. Step 4

   Review the provider terms

   A fixed quote holds only under its amount, expiry, and deposit-window terms. A floating quote can change when the deposit is executed.

5. Step 5

   Send the exact deposit

   Use the one-time address issued for the order and the specified network. Do not reuse an old address or send a second deposit while one is pending.

6. Step 6

   Track and retain records

   Save the order reference and transaction hash. Most crypto-to-crypto swaps complete in under 10 minutes, but confirmations and provider processing can take longer.

Fees explained

Monivo adds no separate platform fee. Compare the estimated output: the selected provider's spread and payout network cost are reflected there. Your sending wallet or exchange may charge a separate network or withdrawal fee. Smaller swaps can lose a larger percentage to fixed network costs.

Custodial vs non-custodial swaps

Monivo does not hold customer funds. The executing provider does receive and hold the deposit for the duration of settlement, then sends the output to your destination wallet. No Monivo balance remains to withdraw. This is different from a custodial account that stores assets between trades.

Safety checklist

• Match both networks. A ticker alone is not enough; USDT and USDC, for example, exist on several networks.
• Verify the address and memo. Check the first and last six characters and copy any destination tag supplied by the receiving wallet.
• Respect quote expiry. Request a new estimate if the amount, asset, network, or expiry changes.
• Keep recovery evidence. Save the order reference and deposit transaction hash until payout completes.
• Use the official site. Phishing pages can substitute deposit addresses, so verify monivo.io before sending.