Swap allows you to Swap using your 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
What is the difference between Swapping from DeFi Wallet and my Blockchain.com Account?
The key difference between the two is how they send the assets for the Swap.
- DeFi Wallets send the Swap asset on-chain, using the asset’s blockchain.
- Blockchain.com Accounts do not; Account Swaps are executed and settled custodially.
What are the benefits of Swapping using the Blockchain.com Account?
The benefits of Swapping using the Blockchain.com Account include:
- Reduced Network Fees
- Improved reliability
- Faster Swaps.
If that is what appeals to you when Swapping, we recommend using the Account for your Swaps.
On the other hand, if non-custodial, on-chain Swapping is important to you, you can continue Swapping with your DeFi Wallet.