How to Swap Tokens Effortlessly with NOW Wallet’s Multi-Chain Support
Thе crypto market is a sprawling space with thousands of tokens in circulation. Without the ability to swap these tokens, there would, in fact, be no market. Thankfully, NOW Wallet is an easy multi-chain solution that takes the guesswork out of token swaps. The NOW Wallet is a core offering of the trusted swap platform, ChangeNOW’s product suite. Simple, elegant, versatile, and easy to use, the wallet offers you a chance to swap between fifteen thousand tokens without any hitch.
It’s a fast-moving market, and you have to be equally light on your feet to take advantage of its opportunities. To help with that, this guide breaks down how NOW Wallet can fit your needs and how to effortlessly swap your tokens with NOW Wallet’s multi-chain support.
Key Takeaways
Seamless Multi-Chain Support: NOW Wallet allows users to swap 15,000+ cryptocurrencies across 50+ blockchains, including Ethereum, Binance Smart Chain, and Monero (XMR), with ease.
Security and Control: NOW Wallet ensures your funds are safe with three-layer encryption, biometric authentication, and mnemonic phrases, giving you full control over your assets.
Easy Navigation: The wallet’s intuitive interface simplifies the swapping process and portfolio management, making it accessible for both new and experienced crypto users.
Understanding Token Swaps
A token swap is simply the process of exchanging one cryptocurrency for another. This can happen within the same blockchain or across different blockchains. Unlike traditional methods that rely on centralized exchanges, token swaps use smart contracts on the blockchain. These contracts eliminate the need for a middleman, while also being secure, tight-proof, as well as immediate.
Early token swaps took place on centralized exchanges. You sell a token ABC you already own, and buy the equivalent XYZ from the same exchange. The concept is similar for decentralized exchanges (also called DEXs), except you have far more control. DEXs are non-custodial. You have complete control over your assets and can make trades by connecting your wallet for swaps.
DEXs are also more economical, private, as well as less prone to being hacked since the user has more control over their assets.
Why NOW Wallet?
The NOW Wallet, a non-custodial wallet, aggregates these decentralized benefits while also offering you an easy, flexible way to not only store your assets but also build your portfolio. With support for over 50 blockchains and 15,000 tokens, cross-chain swaps are made easy.
This means you can swap your tokens across other blockchain networks. For example, you can easily swap a token on the Tron network for one minted on Binance Chain or Ethereum with one single click. There are also many other reasons why NOW Wallet is the ideal wallet for your swaps.
Security
By giving you complete control, NOW Wallet cuts down the risk of hacks and scams. This is possible because no one except the owner (you) can access the wallet.
In addition to its three-layer encryption process, NOW Wallet incorporates security features such as pin protection & biometric authentication. You can safeguard access with a PIN code, Face ID, or Touch ID. These measures also apply to transaction confirmations. NOW Wallet employs this extra layer of verification to ensure every transaction is deliberate and safe.
Likewise, NOW Wallet offers you the option to set mnemonic phrases. These are 12/24-word phrases that would help you recover your wallets should you lose access. You can also restore or import wallets from other apps such as Trust, to NOW Wallet using mnemonic phrases. NOW Wallet’s three-layer encryption ensures your mnemonic phrases as well as your private keys are ultimately safe.
Cross-Platform Access
Are you an Android or Apple iOS enthusiast? There’s always a NOW Wallet option for you. This holds even if you use a Linux or Windows device.
To access the NOW Wallet simply visit your dedicated app store. For instance, macOS and Microsoft users can find the NOW Wallet app on the App Store and Microsoft Store respectively. You can also go directly to the official website where NOW Wallet offers an APK download. This alternative lets you skip leaving a trail on app stores.
Multichain Support & In-App Exchanges
NOW Wallet offers multi-chain support alongside in-app exchange options. This involves two key offerings. First, you can swap crypto assets or make fiat-to-crypto exchanges right inside your wallet app. NOW Wallet processes these fiat transactions via Simplex, Transak, and Guardarian.
Also, with NOW Wallet you can buy, sell, and swap 15,000 cryptocurrencies across 50+ blockchains—Ethereum, BSC, DOGE, Polygon, AVAX C-chain, and many others. In fact, this list also extends to the rarely listed privacy coin Monero (XMR).
Likewise, you can use NOW Wallet to manage NFTs on SOL and ETH networks. Think of NOW Wallet as a one-stop shop for your investments—amidst the rising bull and the lull.
Besides the instant asset exchange, NOW Wallet facilitates multi-portfolio management. Hence, you can run several investment portfolios with their mnemonics all in the same wallet. If you want, you could customize each portfolio by color and name to keep things efficient.
Easy Navigation
New and experienced crypto users can appreciate the hassle-free navigation NOW Wallet provides. NOW Wallet’s intuitive interface is popular for its accessibility. It's simple, thoughtful design also allows users to save specific wallet addresses for instant use. This way you can just pull up the address you need and swiftly complete your transaction. The crypto market can be understandably overwhelming. However, NOW Wallet’s interface is a breath of fresh air.
Staking & Pro Features
Part of NOW Wallet’s functionality is native staking. You can skip third-party platforms to directly stake your chosen proof-of-stake tokens while earning passive income. Options include Tron (TRX), NOW Token (NOW), Solana (SOL), Cardano (ADA), and many others.
Via ChangeNOW’s Pro membership plans, NOW Wallet also has perks for users who want more than the basic experience. You can earn NOW tokens as cashback rewards for each in-app exchange. You can also get crypto loans and AML checks on your wallets for extra security.
Other Interesting Perks
Some other interesting perks in NOW Wallet include:
Multi-Language Support: NOW Wallet supports 10 major languages. You can access NOW Wallet from anywhere across the globe, with seamless interaction.
Live Chat Support: NOW Wallet support is popular for its prompt help. Got questions? Get quick answers via NOW Wallet’s support email or telegram support chat.
Wallet Visibility Control: This feature grants you the ability to only display the currencies you choose on the main screen.
Wallet Sorting/Filtering: Use this to organize your assets by market cap, pricing, or alphabetically. You can also opt to hide wallets with a zero balance or block out scam wallets for a cleaner interface.
Push Notifications: Get real-time updates on every transaction and exchange to help you stay in the loop regarding your assets.
Add Custom Tokens: NOW Wallet allows the addition of tokens from supported EVM-compatible blockchains such as Ethereum, Binance Smart Chain, Polygon and more, as well as the Tron blockchain. Read more about this feature in our previous article.
Now that you know all about NOW Wallet, let’s examine how you can use it to swap tokens across different networks.
A Guide to Cross-Chain Swaps in NOW Wallet
NOW Wallet’s exchange process is simple and hassle-free.
- Start by installing NOW Wallet from a suitable platform for your device.
- Follow the instructions to create and set up a new wallet. Make sure your seed phrase is very secure.
Great, your wallet is up and running. To swap tokens using NOW Wallet’s multichain support, do this:
- Navigate to the exchange display by clicking the “Exchange” button.
- You’ll meet the options exchange or buy/sell.
- Click “Exchange” to continue the swap.
- Select the token you want to exchange from the dropdown menu.
- Select the token you want to receive.
- Finally, hit “Exchange” and follow the steps to confirm the transaction.
- Congratulations, you’ve successfully used NOW Wallet’s multichain support to swap cryptocurrencies.
