Swapped.com: Difference between revisions
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==Pricing== | ==Pricing== | ||
The platform locks in cryptocurrency prices at the time of payment receipt to offer users consistent transaction values. For immediate payment methods, such as credit cards and digital wallets, prices are locked in instantly. For bank transfers, prices are locked once the transfer is received. When selling cryptocurrency, prices are locked after a single blockchain confirmation. | The platform locks in cryptocurrency prices at the time of payment receipt to offer users consistent transaction values. For immediate payment methods, such as credit cards and digital wallets, prices are locked in instantly. For bank transfers, prices are locked once the transfer is received. When selling cryptocurrency, prices are locked after a single blockchain confirmation. | ||
==Processing== | |||
The platform provides a fast processing experience: | |||
Purchasing Cryptocurrency: When users buy cryptocurrency, coins are sent immediately after payment is confirmed. For bank transfers, processing typically takes 1-2 business days. | |||
Selling Cryptocurrency: For those selling, funds are sent to the user's bank account after a single blockchain confirmation, often within 30 minutes, with transfers arriving within one business day, depending on the receiving bank's speed. | |||
==Tax== | ==Tax== | ||
Swapped.com provides resources to assist users with tax compliance for cryptocurrency transactions, which vary by jurisdiction. At the end of each year, the platform generates a summary of all trades made, simplifying the reporting process for users. | Swapped.com provides resources to assist users with tax compliance for cryptocurrency transactions, which vary by jurisdiction. At the end of each year, the platform generates a summary of all trades made, simplifying the reporting process for users. | ||