Welcome to NinjaSwap! This guide will walk you through the process of making your first cryptocurrency exchange. NinjaSwap provides a simple, secure way to swap cryptocurrencies without requiring KYC verification or creating an account.
No Account Required
You can exchange cryptocurrencies on NinjaSwap without creating an account. However, creating an account allows you to track your exchanges and access additional features.
Exchange Process Overview
The NinjaSwap exchange process is designed to be straightforward and reliable:
Select Currencies
Choose which cryptocurrency you want to exchange (send) and which one you want to receive.
Enter Amount
Specify how much cryptocurrency you want to exchange. You can enter either the amount you want to send or the amount you want to receive.
Provide Receiving Address
Enter the wallet address where you want to receive your exchanged cryptocurrency.
Review Exchange Details
Check the exchange rate, fees, and other details before confirming your exchange.
Send Cryptocurrency
Send your cryptocurrency to the provided NinjaSwap address.
Receive Your Exchange
Once we receive your cryptocurrency, we'll process the exchange and send your new cryptocurrency to your provided address.
Detailed Step-by-Step Guide
Step 1: Select Currencies
On the NinjaSwap homepage, you'll see two dropdown selectors:
- The From dropdown allows you to select which cryptocurrency you'll be sending.
- The To dropdown allows you to select which cryptocurrency you want to receive.
Click on either dropdown to see the list of available cryptocurrencies. You can search for a specific cryptocurrency using the search field at the top of the dropdown.
Step 2: Enter Exchange Amount
After selecting your currencies, enter the amount you want to exchange:
- If you know how much you want to send, enter that amount in the "You Send" field.
- If you know how much you want to receive, enter that amount in the "You Receive" field.
The corresponding field will update automatically based on the current exchange rate.
Exchange Rates
NinjaSwap offers both fixed and floating rate exchanges:
- Fixed rate: The exchange rate is locked for your transaction, protecting you from market fluctuations during the exchange.
- Floating rate: The exchange rate follows the market and is finalized when your transaction is confirmed, potentially offering better rates in favorable market conditions.
Step 3: Provide Receiving Address
Enter the wallet address where you want to receive your exchanged cryptocurrency. Make sure to:
- Double-check your receiving address to ensure it's correct
- Verify you're using an address for the correct blockchain network
- Include any required memos/tags for currencies that need them (like XRP or XLM)
Important
Always ensure your receiving address is correct. Cryptocurrency transactions are irreversible, and sending to an incorrect address typically means your funds cannot be recovered.
Step 4: Review Exchange Details
Before proceeding, review all the details of your exchange:
- The amount and type of cryptocurrency you're sending
- The amount and type of cryptocurrency you'll receive
- The exchange rate and whether it's fixed or floating
- The network fees
- Your receiving address
Once you're satisfied that everything is correct, click "Exchange Now" to proceed.
Step 5: Send Cryptocurrency
After confirming your exchange:
- You'll be provided with a unique deposit address to send your cryptocurrency
- NinjaSwap will display the exact amount to send
- Send the cryptocurrency from your wallet to the provided address
- The order page will update in real-time as we receive and process your transaction
Time Limits
Each exchange order has a time limit (typically 30-60 minutes). You need to send your cryptocurrency within this timeframe, or the order may be cancelled or processed at a new rate.
Refund Address
When creating your exchange, you can optionally provide a refund address. This is where your funds will be returned if there's an issue with your exchange or if you choose to cancel it.
Step 6: Receive Your Exchange
Once NinjaSwap receives your cryptocurrency and confirms the transaction:
- The exchange will begin processing
- You can track the status of your exchange using the provided order ID
- When processing is complete, your exchanged cryptocurrency will be sent to your specified receiving address
- You'll receive a confirmation when the transaction is complete
Exchange Time Frames
The time it takes to complete an exchange can vary depending on:
- Blockchain network congestion
- Required number of blockchain confirmations
- The specific cryptocurrencies being exchanged
Most exchanges complete within 5-30 minutes, but some may take longer during times of high network congestion.
Tracking Your Exchange
NinjaSwap provides several ways to track the status of your exchange:
- Order Page: After creating an exchange, you'll get a unique order page URL that you can bookmark.
- Order ID: You'll receive an order ID that you can use to track your exchange on the NinjaSwap website.
- Email Updates: You can opt to receive email updates about your exchange status.
- Account History: If you created an account, your exchange will be recorded in your order history.
Exchange Types
Fixed Rate Exchange
Floating Rate Exchange
Tips for a Successful First Exchange
- Start Small: For your first exchange, consider starting with a smaller amount to ensure everything works as expected.
- Double-Check Addresses: Always verify your receiving address before confirming the exchange.
- Check Network Fees: Be aware of the network fees for both the sending and receiving cryptocurrencies.
- Be Mindful of Time Limits: Make sure you can complete your part of the exchange within the specified time limit.
- Save Your Order Information: Keep your order ID and other exchange details until the exchange is complete.