Swapped.com: Difference between revisions

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*'''Receive:''' Purchased cryptocurrency is then delivered directly to the user’s wallet, with different processing times based on the payment method used.

The platform also supports selling cryptocurrency, where funds are transferred to the user’s bank account shortly after the transaction is confirmed on the blockchain.

==Verification==

To comply with anti-money laundering regulations, Swapped.com requires users to complete identity verification. The verification process involves providing an image of an official ID (passport or driver’s license) and a live selfie. Address verification may also be required, using recent documents like a bank statement or utility bill no older than three months. Verification usually takes between 5 to 10 minutes, with support available through live chat.

==Competitiveness==

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*'''Changelly:''' Credit Card fee is 6.93%; Bank transfer is 6.61%.

These rates make the website a popular choice among users looking to minimize transaction costs.

==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.

==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.

@@ Line 8: / Line 8: @@
 *'''Receive:''' Purchased cryptocurrency is then delivered directly to the user’s wallet, with different processing times based on the payment method used.
 The platform also supports selling cryptocurrency, where funds are transferred to the user’s bank account shortly after the transaction is confirmed on the blockchain.
+==Verification==
+To comply with anti-money laundering regulations, Swapped.com requires users to complete identity verification. The verification process involves providing an image of an official ID (passport or driver’s license) and a live selfie. Address verification may also be required, using recent documents like a bank statement or utility bill no older than three months. Verification usually takes between 5 to 10 minutes, with support available through live chat.
 ==Competitiveness==
@@ Line 15: / Line 18: @@
 *'''Changelly:''' Credit Card fee is 6.93%; Bank transfer is 6.61%.
 These rates make the website a popular choice among users looking to minimize transaction costs.
+==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.
+==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.