Kraken Wallet is excited to announce Swaps, a quick and convenient way to exchange tokens with no fees. Swaps remove the complexity and overhead of on-chain and cross-chain token swaps, by providing a simple interface and optimized swap routing, without the need to directly access decentralized exchanges (DEXs) and bridges .
What are exchanges?
Swaps is a new feature in Kraken Wallet that allows users to quickly swap their choice of tokens across supported networks. Swaps works by aggregating data from top DEXs and bridges and presenting trade quotes, clear customizations, and no additional clicks or trade signings.
Built on trust
As an integral part of the Kraken ecosystem, our wallet reflects the same cutting-edge values that have made Kraken a trusted name in crypto. Security, transparency, and user empowerment are at the heart of everything we build, and Swaps are no different.
Free and frictionless exchange
The old way of trading tokens involved finding and connecting a wallet to the correct DEX. Swaps simplifies this experience in a clear and comprehensive way. No need for pesky token approvals or dodgy transaction signings.
We are also launching Swaps without charging additional fees to Kraken, as we continue to prioritize a user experience that does not come at the expense of the user. Fees may still be charged by the DEX or executing bridge.
Simple customizations
Swaps provides simple and straightforward tools to customize transactions. Opting for “Best Value” guarantees the highest minimum yield, while “Fastest Transaction Speed” finds the optimal route and network fees to complete a trade in the shortest time.
The swipe settings are displayed directly in the swap quote and can be quickly viewed and changed. Download Kraken Wallet today and try simple and transparent Swaps!
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