@swap.app is a service that allows you to quickly exchange your Steem / Hive tokens with just few clicks. It is still in development so be sure to follow @swap.app to get the latest updates :)
Exchange Rates
@swap.app makes actual trades on the crypto exchanges so it uses market prices to determinate swap ratio and by this how many tokens will be sent to the user. The total fee is 0.7% and this includes all exchange fees and withdrawal fees.
Swap Time
The whole process takes few seconds so it can save you ton of time. No need to wait for deposits, withdrawals, looking for best price etc. It's all automated :)
Currently Supported Pairs:
Steem -> Hive
To trade your Steem to Hive, send Steem to @swap.app with memo: hive
Hive -> Steem
To trade your Hive to Steem, send Hive to @swap.app with memo: steem
Hive-> HBD
To trade your Hive to HBD, send Hive to @swap.app with memo: hbd
HBD -> Hive
To trade your HBD to Hive, send Hive to @swap.app with memo: hive
The Hive <-> HBD pair has fee of 0.1% as the exchange is happening on the internal market.
Currently In Testing:
Hive / Steem -> BTC
It is now possible to swap your Hive / Steem directly to BTC, that will be sent to your BTC wallet.
To do this, send Hive / Steem to @swap.app with memo: btc btc_address where btc_address is the address of your BTC wallet. For example:
btc 1CgufLoDKssJM4af2tZPt2iYWFnVdJVhXd
You can encrypt the memo so your BTC address won't be visible to others. To do this, simply add # at the start of your memo, for example:
#btc 1CgufLoDKssJM4af2tZPt2iYWFnVdJVhXd.
You can also use BTC deposit address from crypto-exchange, that you are using.
The swap operation happens on crypto exchanges so the swap uses market prices.
The fee for the operation is 0.7% and withdrawal fee is only 0.0001 BTC - which is really good, as most exchanges take at least 0.0004 - which is 4 times higher! This makes @swap.app very competitive compared to crypto exchanges.
BTC -> Hive
This one is coming soon but first we're gonna need to launch dedicated website, which is also in development :)