Shapeshift | Business24-7

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Written by Braden Chase Edited by Giles Thomas Fact Checked by Tomislav Turcin

7 March 2023

2 March 2023

Page Summary

Shapeshift is a decentralized cryptocurrency exchange with excellent swapping services. It has a straightforward platform with access to a hardware wallet. The Shapeshift exchange is a good fit for traders at all levels who want access to an affordable cryptocurrency trading platform.

Review Summary: 

Shapeshift is a crypto-to-crypto exchange with crypto asset swapping services.
It has only mining fees.
It offers real-time trading and an integrated KeepKey hardware wallet.

Shapeshift Overview:

Shapeshift is a top choice for reliable crypto swapping services. It doesn’t let traders buy digital assets with fiat currency. The Shapeshift platform comes with comprehensive crypto management systems.

This cryptocurrency exchange has a web-based interface and a mobile app. The Shapeshift web platform is excellent for managing Shapeshift swaps. The mobile app offers a cold crypto assets portfolio and many account features.

Cryptocurrencies Available 

This cryptocurrency exchange offers access to many popular crypto coins and fox tokens. Shapeshift supports 40+ digital coins:

Bitcoin
Bitcoin Cash
Aeternity
Aragon
Basic Attention Token
Bitcoin Gold
Binance
Bancor
Blackcoin
Civic
Dai
Dash
DigiByte
district0x
Dogecoin
Edgeless
Ether
Ether Classic
FunFair
Gnosis
Golem
Matchpool
Komodo
Litecoin
Decentraland
Maker
Numeraire
OmiseGo
PolyMath
Augur
Reddcoin
RCN
iExec
Salt
Matchpool
Siacoin
Status
Storj
Swarm City
TrueUSD
Wings
Monero
Ripple
Zcash
Zilliqa

Fees 

Our Shapeshift review shows this exchange has a competitive fee structure. It doesn’t charge any trading fees, except for crypto mining fees. We recommend the Shapeshift review to traders at all levels who want access to rapid swapping services.

Regulation & Reputation 

Shapeshift doesn’t have a license from a top-tier regulator. But this crypto exchange uses ID verification for all its accounts. This crypto-to-crypto exchange has the following safety measures:

Performs Know Your Customer verifications for advanced accounts.
Uses two-factor authentication
Uses industry-leading encryption.
Offers access to KeepKey cold storage asset management.

Account Opening 

Opening a Shapeshift account is beginner-friendly. The steps you need to follow are:

Access the Shapeshift platform and click on Sign Up.
Enter your email address and confirm your registration via email.
Submit your ID for the mandatory ID verification and add personal details.
Select the assets you want to trade.
Swap cryptocurrency.

Customer Support 

Customer support at Shapeshift is average. It offers access to two contact methods:

Shapeshift Support Zen Desk offers helpful FAQs and learning tools.
Email support via request forms.

Summary 

The Shapeshift crypto exchange service is straightforward. It offers excellent swapping services for traders at all levels. We recommend you research different exchanges before choosing one. Read our in-depth reviews for more information on cryptocurrency exchanges and safety.

FAQ

What Is A Centralized Exchange?

A centralized crypto exchange is a private institution offering access to trading platforms. It lets users invest in digital assets. These exchanges request registration, known as the Know Your Client rule.

What Is A Decentralized Exchange?

A decentralized exchange is a provider that has no central point of control. It functions as a server, and each device within the network operates in different countries. If one computer shuts down, it doesn’t interfere with the network’s activity. Decentralized crypto exchanges don’t follow the rules of any regulatory body. If you choose a decentralized exchange, you should understand the risks and benefits. Check our in-depth reviews to learn more about exchanges and safety.

What Is The USDC Button On Shapeshift?

The Shapeshift exchange lets users instantly convert assets into USDC stablecoin. The USDC button converts your funds with a single click.

Disclaimer

Braden Chase

Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

Shapeshift Review