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Finding a place to exchange crypto anonymously without having to register an account can be a challenging task today with more regulations. A fast-growing digital currency swap service that enables crypto-to-crypto trading with no maximum limits is Exolix. In this Exolix review, we examine the most important aspects of the popular instant swap platform to determine whether it's a good place to swap crypto.
Exolix is a popular cryptocurrency swap exchange that provides a fast and secure platform to convert one crypto to another digital asset. The platform has more than 327 cryptocurrencies such as Bitcoin, Ethereum, XRP, USDT, and many others. It is well-suited for individuals that want a safe way to exchange coins without using a centralized crypto exchange.
Exolix At A Glance
|Trading Fees||Unknown (included within price)|
|Mobile App||Yes (Android and iOS)|
What Is Exolix?
Exolix is a decentralized cryptocurrency swap platform that is integrated with multiple exchanges to find and offer the best available rates to convert digital currencies between each other. The platform supports over 327 coins that can be swapped without creating an account or identity verification. There are no maximum limits and crypto is sent to an external wallet for maximum security.
The exchange has partnered with some of the best crypto trading platforms in the world to allow safe and secure crypto-to-crypto conversions at the best rates. With over 500 users each day according to its website, Exolix has so far gained the trust of individuals from all over the world and continues to grow.
A summary of the top features on Exolix include:
- Beginner-friendly and easy to use
- No account registration or ID Verification required
- Swap crypto instantly and safely
- Over 327 cryptocurrencies supported
- No maximum limits or withdrawal fees
- Fixed rates to prevent any price fluctuations during the transaction due to sudden market volatility
- Generous affiliate program to refer others to earn free Bitcoin
Is Exolix Safe?
Exolix is a decentralized cryptocurrency platform which means that purchased assets are not held by the exchange. The platform facilitates buyers and sellers with funds sent directly to the user's hardware wallet. This significantly reduces the risk of cybercriminals stealing crypto from centralized exchange's hot wallets which have a long history of being hacked.
To protect against DDoS attacks, Exolix uses strong security measures such as SSL certificates which are the baseline cryptographic protocol for securing data communication on the internet. Given the platform has been successfully operating since 2018 without any security incidents or hacks, Exolix can be considered a safe and secure place to swap crypto.
|0.1% (spot) and 0.02% / 0.04% (Futures)||Up to $100 welcome bonus||Visit Binance||Binance Review|
|Flat 0.25% or 0.1% (Changelly Pro)||None available at this time||Visit Changelly||Changelly Review|
|Variable (1.2% to 2.95%)||None available at this time||Visit ChangeNOW||ChangeNOW Review|
Exolix Top Features Reviewed
No Account Registration
Users on Exolix are free to trade crypto-to-crypto without creating an account to use the platform and can remain anonymous. As Exolix does not involve fiat currencies, there is also no need to complete a Know Your Customer (KYC) process or restrictions based on country or age. A valid wallet address to send and receive funds is all that is required to use the swap services on Exolix.
Exolix fixes its conversion rates for 1 hour during the transaction process until the swap is completed to protect the user from sudden price volatility. This is a major benefit as some traditional crypto exchanges have flexible rates during the purchase process. This means the final amount of coins received in the wallet can different to the amount that was displayed due to a sudden price movement before the transaction was finalized.
Compared to some centralized cryptocurrency exchanges which can impose limits, Exolix does not have a maximum trade limit which means users can swap any amount to crypto. This is best for high net-worth investors that want to quickly and safely swap Bitcoin to Ethereum or another digital currency anonymously. There are minimum amounts to be aware of which are displayed for each coin during the transaction.
Exolix offers a simple and beginner-friendly user interface that is easy to use for both beginners and experienced crypto investors. The process to swap crypto is straightforward and involves 4 easy steps that can be completed in a few minutes. The process involves:
- Choose the assets to swap (e.g. BTC to ETH)
- Decide on the amount and deposit funds to the wallet address
- Receive the cryptocurrencies in the provided wallet address
- Record the completed transaction details
During the final steps of the transaction process, the swap amounts, transaction ID, input hash and corresponding wallet addresses will be displayed. This feature gives the user full visibility and transparency to monitor the transaction progress until the coins are delivered to the nominated wallet address and confirm the amount received is accurate.
The speed of the conversion can take between 5 to 30 minutes to process depending on the coins selected and the network traffic at the time. This means during high traffic periods, it can take longer to receive the coins. For example, the transaction speed to send Bitcoin can vary between 10 minutes to 1 hour depending on the blockchain.
Comparing Exolix Rates
Similar to other instant swap platforms we have reviewed, Exolix is integrated into several cryptocurrency exchange platforms in the world. By tapping into a global liquidity reserve and acting as a broker, the Exolix trading algorithm can provide a competitive fixed rate to convert cryptocurrencies by choosing the best price on the market. There is no mention on the exchanges partnered with Exolix to obtain these rates which should be considered to provide full transparency.
When comparing the Exolix ETH to BTC rates to other swap platforms such as Changelly, ChangeNOW and SwapSpace, we can see that the conversion prices at the time of writing are all very similar. The amount of Ethereum received for swapping Bitcoin using Exolix was slightly less compared to the other services.
|Swap Platform||Amount Sent||Amount Received|
|Exolix||1 BTC||0.05806691 ETH|
|Changelly||1 BTC||0.05961588 ETH|
|ChangeNOW||1 BTC||0.0591843 ETH|
|SwapSpace||1 BTC||0.05977955 ETH|
What Are The Fees?
Exolix uses a fixed rate which includes a commission fee in the displayed price to instantly swap crypto assets. The website does not state the exact fee amount, however, is estimated to be around 1.04% on ETH/BTC and up to 1.12% for coins with lower liquidity and trading volume. For example, the price of the ETH/BTC pair on Binance at the time of writing is 0.06177ETH, compared to 0.05986ETH on Exolix which equates to a 1.04% premium for this particular pair.
Overall, the Exolix fees hidden within the instant swap price are a little high for what it's worth. However, certain users that value the convenience, safety and speed to trade crypto without creating an account, submitting ID or any limits won't mind paying the slightly higher fee as opposed to using a centralized crypto trading platform.
What Are The Deposit & Withdrawal Fees?
Exolix does not charge any deposit or withdrawal fees to transfer funds to and out of the platform. Customers should be aware of the standard crypto network charges to process transactions on the blockchain. For example, the network fee to transfer Bitcoin is generally 0.0005BTC. The withdrawal fee is determined by the usage of the network for the particular coin and does not benefit Exolix.
The Exolix website provides a list of commonly asked questions and answers to assist with troubleshooting or general knowledge. For specific queries on how to use Exolix, the team can be contacted by direct email or using the contact form. There is a live chatbot that can be used to contact the support team, however, does not appear to be 24/7 with a live customer service member.
Frequently Asked Questions?
Exolix does not require its users to create an account or complete KYC to verify their identity. Transactions carried out using the Exolix platform are anonymous between wallet addresses. Therefore, individuals that want to invest in crypto from the United States and other countries can use the instant swap service provided by Exolix.
Exolix offers an affiliate portal for users to create an account to start earning Bitcoin for referring customers to the swap service. Exolix affiliates will receive 0.5% of the total amount of volume traded by referred customers using the unique affiliate link. There is also a welcome bonus of 0.0050 BTC bonus for becoming an affiliate with Exolix.
Exolix does not currently have an app to instantly swap crypto to crypto. The website states the mobile app for Android and iOS devices is currently in development. Customers can enter their email address to be first notified of the release of the Exolix app.
To conclude our review of Exolix, we were impressed with the overall user experience to convert over 234 cryptocurrencies in a fast and secure manner. Fixed rates and no maximum limits are pro's on the platform when assessed to other centralized trading exchanges. However, the Exolix commission that is hidden with the rates is a little higher compared to similar instant swap trading exchanges that we have examined.
When it comes to safety and security, Exolix does not collect information from users and does not store any funds which are important. Overall, crypto enthusiasts that prefer to remain anonymous will benefit from using a secure exchange service like Exolix to swap any amount of crypto with any wallet address.