What are cross-chain swaps?

Cross-chain swaps allow you to exchange cryptocurrencies between different blockchains without using a centralised exchange. They are sometimes called atomic swaps or cross-chain bridges with integrated swap functionality.

How cross-chain swaps work

You select the token and blockchain you want to swap from.

You choose the token and blockchain you want to receive.

A cross-chain swap provider locks or burns your original tokens on the source chain.

The provider then releases or mints equivalent tokens on the destination chain.

This process enables you to move value between different ecosystems, such as swapping USDC on Ethereum for SOL on Solana.

Why use cross-chain swaps

Flexibility - access tokens that only exist on other blockchains.

Efficiency - avoid moving funds through multiple exchanges.

Cost-effective - in many cases, fees are lower than withdrawing to an exchange and redepositing.

Direct control - you stay in charge of your assets throughout the process.

Limitations and considerations

Complexity - cross-chain swaps involve multiple blockchains, which increases risk.

Fees - you may pay both source-chain and destination-chain transaction fees.

Reliability - the process can take longer than a same-chain swap.

Provider risk - always use trusted cross-chain swap providers to reduce the chance of failure or loss.

Cross-chain swaps in Wraith Wallet

Wraith Wallet integrates cross-chain swap providers to make moving between chains seamless.

The wallet itself does not custody or convert assets - the swap provider performs the transaction.

Before confirming, you can view expected delivery times, fees, and the provider used.

Key points to remember

Cross-chain swaps let you exchange assets across different blockchains.

They involve locking or burning tokens on one chain and releasing them on another.

Extra fees and longer processing times may apply compared to same-chain swaps.

Wraith Wallet integrates cross-chain swaps with trusted providers for convenience.

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