For many people starting out in crypto, the choice of crypto platforms may seem endless and confusing. Every crypto hub has its own features, policies, collection of crypto assets, liquidity pool, and requirements for trading/exchange. There are a number of major and well-known custodial traditional exchanges like Binance, Coinbase, Huobi, and more, and there are lesser-known private non-custodial solutions. But what’s the difference between these exchange platforms and what benefits does instant crypto exchange offer? Let’s find out more about the world of crypto swappers. Custodial vs. Instant Crypto Exchange Custodial Crypto Exchanges Pros: Custodial exchanges are online platforms that allow users to buy and sell cryptocurrencies, such as Bitcoin, Ethereum, Cardano, Monero, Solana, etc. These exchanges act as custodians, holding the assets and private keys on behalf of the user and facilitating the buying and selling process. One of the main advantages of custodial exchanges is that they offer simplicity for beginners to get started with crypto trading. Custodial exchanges have a range of features and provide you with a number of tools, such as charting tools, real-time market data, and the ability to set stop-loss orders, which can be helpful for more experienced traders. These platforms can be seen as huge hubs where crypto enthusiasts flock to sell/buy and exchange crypto. Cons: However, there are also some drawbacks to using custodial exchanges. One of the main risks is the potential for hacks or security breaches where users will have their funds stolen. The last year is notoriously known for the number of crypto hacks which led to the loss of millions of dollars. In addition, custodial crypto exchanges also typically charge fees for their services, which can impact the profitability of trades. Additionally, KYC/AML procedures make the process of signing up with a major exchange inconvenient. Sharing your data may not be safe and the verification process can take days or even weeks, making it difficult for a newbie to get started in crypto. Moreover, custodial crypto exchanges are not always instant, and it’ll take time before you make the exchange. Instant Crypto Exchanges Instant or non-custodial crypto exchanges and traditional exchanges are different and have essentially been created for different use cases. Non-custodial exchanges (referred to as DEXs, Decentralized Exchanges) are online platforms that allow users to buy and sell cryptocurrencies without holding their assets or private keys. Instead, non-custodial exchanges facilitate peer-to-peer trades, meaning that users can trade directly with each other without the need for a third party to hold their assets. Instant crypto exchanges, such as StealthEX, do not require storing funds on the platform – they do instant crypto swaps between crypto wallets. One of the main benefits of non-custodial crypto exchanges is that they offer more control to users over their assets. This can be particularly appealing to users who are concerned with security and privacy. Another advantage of non-custodial exchanges is that they often have lower fees compared to custodial exchanges. This can make them more profitable for traders who are looking to minimize their costs. Developing an understanding of instant crypto exchanges will help you determine which solution best fits your needs. Below are the reasons why an instant crypto exchange like StealthEX may be a convenient tool to use in your everyday life as it offers you a great opportunity to buy BTC instantly with a debit card. Exchange Crypto Instantly with StealthEX In a nutshell, StealthEX is an instant cryptocurrency exchange for limitless swaps. It is a non-custodial crypto swap platform that never holds your funds. The service offers its customers a wide range of assets that is regularly updated for you to buy crypto instantly with debit/credit cards or exchange one crypto for another. At the moment, the vast crypto collection includes over 2,000 popular and rare cryptocurrencies, and the list grows every month. Here are the main features of this instant crypto exchange: