When you are verified to Full Access level, you can place swap orders using both the DeFi Wallet and your Blockchain.com Account.
For example, assuming you had BTC in your DeFi Wallet and Blockchain.com Account, the following options would be available for a BTC-ETH Swap:
BTC DeFi Wallet -> ETH DeFi Wallet
BTC DeFi Wallet -> ETH Blockchain.com Account
BTC Blockchain.com Account -> ETH Blockchain.com Account
Swapping within the Blockchain.com Account provides users with a variety of advantages including:
- No network fees, making swaps within the Account completely free of additional charges.
- Faster swaps, as transactions are settled custodially within the secure environment of the Blockchain.com Account.
- Improved reliability, ensuring a seamless trading experience.
Swaps within DeFi Wallets provide non-custodial, on-chain trade settlement. This means that the user has full control over their assets and the Swap transaction is executed directly on the blockchain. However, it's important to note that on-chain transactions can sometimes be slower and more expensive due to network congestion and fees.
Choose the method that best suits your trading needs and preferences whether it be the custodial convenience of the Blockchain.com Account or the non-custodial, on-chain swapping through your DeFi Wallet.