Earlier today I was looking to sell some of my Ethereum to Bitcoin. Normally, I swap coins through Gemini, Binance or Huobi, but I decided to use SWFT Blockchain instead. Knowing that SWFT Blockchain is a hybrid between a centralized and decentralized exchange, I thought I’d be able to avoid some of the grievances which typically come with a centralized exchange — high fees, long confirmations for deposits and withdrawals, and so on.

So I sent my ETH from my Gemini wallet to the SWFT Blockchain Exchange and the ETH popped up on the SWFT platform incredibly fast. I was able to receive a better BTC price for my ETH (.055567 BTC per ETH as opposed to Gemini’s .05558) as well as mitigate the high fees of Gemini (if I sold my ETH on Gemini I would have ended up with .05550 BTC as opposed to the .055525 BTC I received using SWFT). The transaction itself was streamlined and easy; I didn’t have to do any work to achieve the low prices and fees and the platform sourced the best BTC price from a number of exchanges automatically. Furthermore, there were no fees to withdraw from the SWFT Transfer Platform, everything was automated and decentralized. After sending my ETH, the Bitcoin was sent back to my wallet without any additional work.