Thinking about using Switchain for a TON swap? Here's an honest rundown: the rates, the process and the things worth checking before you send funds.
How Switchain works
The flow is the usual one for an exchanger: choose your pair, enter the amount and receiving details, then send your coins. Switchain processes the swap and sends the other currency to your address. Always verify the rate and details before confirming.
Rates and fees
Switchain sets its own rate, which includes a spread over the market price. Compare it against other services before swapping — even a small difference adds up on bigger amounts. Check withdrawal limits too.
Safety tips
Never share your wallet's seed phrase — Switchain, like any exchanger, only needs your receiving address. Be cautious of rates far above market. When in doubt, verify the service's reputation and run an AML check on counterparty addresses. This is general information, not financial advice.