Maximizing Profits from Crypto Swapping: A Comprehensive Guide (2024)

As Web3 continues to grow, new and innovative ways of earning tokens are emerging. You might have heard about Play 2 Earn, Learn 2 Earn, Sweat 2 Earn… Now, adding a unique twist to the popular Earn trend, Rubic is launching the #SwapToEarn feature!

Unlike traditional Play 2 Earn and similar campaigns, where users earn tokens by completing tasks, exercising, or playing games, “Swap To Earn” rewards users for their regular swapping of tokens. This means that users can earn tokens via their everyday routine of trading one cryptocurrency for another.


What Is Crypto Swapping?

Crypto swapping, also known as token swapping or decentralized exchange (DEX) trading, refers to the process of exchanging one cryptocurrency for another without the need for a centralized intermediary like a traditional exchange. This can occur directly between users or through decentralized platforms that facilitate these swaps. The primary aim is to provide users with a seamless and efficient way to trade digital assets in a decentralized manner.

How Does Crypto Swapping Work?

In crypto swapping, smart contracts play a crucial role. Users initiate a swap by sending their tokens to a smart contract, which then executes the exchange based on predetermined rules. Automated Market Makers (AMMs) are a common mechanism used in DEXs, where liquidity is provided by users, and prices are determined algorithmically. Users can connect their wallets to these platforms, such as Uniswap or PancakeSwap, to execute swaps directly from their wallets.

Why Do People Swap Tokens?

People swap tokens for various reasons, including:

  • Access to a Variety of Assets: Swapping allows users to access a wide range of cryptocurrencies and tokens that may not be available on traditional exchanges.
  • Decentralization: Crypto swapping aligns with the principles of decentralization, offering users control over their funds without relying on centralized authorities.
  • Reduced Counterparty Risk: Swapping directly from wallets eliminates the need to deposit funds on centralized exchanges, reducing the risk associated with centralized custody.

How to Make Money Swapping Crypto

While crypto swapping itself is not inherently a way to make money, users can leverage market opportunities for profit. Strategies include taking advantage of price discrepancies across different exchanges, participating in liquidity provision to earn fees, and engaging in yield farming on certain platforms.

3 Essential Tips Before Starting Crypto Swapping

  1. Understand the Risks: Crypto markets can be volatile. Before swapping, be aware of potential price fluctuations and only invest what you can afford to lose.
  2. Use Reputable Platforms: Choose well-established and reputable DEXs to mitigate the risks of scams or unreliable services.
  3. Secure Your Private Keys: Ensure the security of your private keys and use hardware wallets or secure wallet solutions to protect your assets.

FAQs About Swapping Crypto

Do you pay taxes when exchanging crypto?

Yes, in many jurisdictions, crypto exchanges, including swapping, may be subject to taxation. It’s essential to understand and comply with local tax regulations.

Is swapping crypto the same as buying?

Swapping crypto involves exchanging one token for another, whereas buying typically implies using fiat currency to acquire a cryptocurrency. Both processes involve obtaining digital assets, but the methods differ.

Where can I swap my crypto?

Crypto swapping can be done on various decentralized platforms, such as Rubic, Uniswap, 1Inch, and others. Ensure you choose a platform that suits your needs and has a good reputation within the crypto community.

Explore Swap to Earn on Rubic: The Innovative Way to Profit

Starting on April 5th, 2023, Rubic is launching its loyalty program, #SwapToEarn.

Let’s dive into the rules and conditions!

(Last updated as of 10th January, 2024)

You’ll receive 50 RBC for your 1st cross-chain swap and 25 RBC for your 1st on-chain swap. However, for all subsequent swaps, we’re adjusting the rewards to 25 RBC for cross-chain & 12 RBC for on-chain swaps. Please note that there could be specific rates for specific chains during the promotion periods.

To claim their rewards, users must collect at least 300 RBC tokens. You can check your rewards on the Swap to Earn page. There will be two claim windows available each month. You can claim RBC on the Arbitrum Network.

Rules of the “Swap to Earn” program:

To participate in “Swap to Earn”, users must meet several swap conditions:

  1. Perform transactions on https://app.rubic.exchange/. Any swaps completed on other swap pages, including the SDK and Widgets, will not be counted.
  2. To participate in the “Swap to Earn” program, make sure the swap goes via Rubic’s contracts:

3. In order for a swap to be eligible, it must be completed using Rubic contracts (regardless of the provider) on any of the following networks: Scroll, Mantle, Base, Zksync, Linea, Polygon-zkevm, Aurora, Pulsechain, Ethereum, Optimistic-ethereum, Arbitrum, Avalanche, Binance-smart-chain, Polygon, Cronos, Fantom, Moonriver, Telos-evm (please check as per above screenshot). Please note that there could be specific rates for specific chains during the promotion periods.

To check if our contract has been chosen for your transaction, please click on the “Transaction details” tab under the swap window on https://app.rubic.exchange/. Choose the desired networks and tokens for the swap to be calculated with, and make sure that the Protocol fee is active so you can earn on the swap. If the “Protocol fee” is set as “No charge”, your transaction won’t be processed via the Rubic contract.

4. Starting on August 28th, the ChangeNOW provider is supported by the “Swap To Earn” program on any of the following networks: Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Arbitrum, Optimism. Please note that there could be specific rates for specific chains during the promotion periods.

5. Please be aware that Rubic’s “Swap to Earn” program will not count swaps involving deflationary tokens, on-ramp swaps, or swaps completed outside of app.rubic.exchange

Finally, you can check out the information about the selected contract in your wallet when signing the transaction. If the transaction used Rubic’s contracts, you will get a congratulatory screen:

The Claiming Process

  1. If you feel you have earned enough tokens, click the green cube button on app.rubic.exchange or go directly to https://app.rubic.exchange/swap-to-earn, and request a withdrawal. Your green tab count will then appear as 0 RBC.

You can claim RBC on the Arbitrum network.

2. The claiming window will open once in 2 weeks, in Rounds, and will look like this:

If you’ve changed your mind to claim, you can do so later.

Holding RBC tokens will also be crucial for future events in Rubic’s Swap to Earn campaign.

The more RBC you hold the more significant your rewards will be. Holding 5,000 RBC tokens also makes you eligible for Rubic’s partners’ airdrops.

With the launch of the “Swap to Earn” program, there’s no fee compensation for the holders of 5,000 RBC anymore.

FAQ

Here you can find answers to the frequently asked questions about the Swap to Earn program.

  • Q: Do I receive rewards for every swap made on Rubic?
  • A: In order for a swap to be eligible, it must be completed using Rubic contracts on https://app.rubic.exchange/ on any of the following networks: Scroll, Mantle, Base, Zksync, Linea, Polygon-zkevm, Aurora, Pulsechain, Ethereum, Optimistic-ethereum, Arbitrum, Avalanche, Binance-smart-chain, Polygon, Cronos, Fantom, Moonriver, Telos-evm.
  • Please be aware that Rubic’s “Swap to Earn” program will not count swaps involving deflationary tokens, on-ramp swaps, or swaps completed outside of https://app.rubic.exchange/.
  • Q: How to check if the Rubic’s contract has been chosen in my swap?
  • A: Click on the “Transaction details” tab under the Swap window on https://app.rubic.exchange/. Choose the desired networks and tokens for the swap to be calculated with, and make sure that the “Protocol fee” is active. If the “Protocol fee” is set as “No charge”, your transaction won’t be processed via the Rubic contract.
  • You can also check the contract while signing the transaction in your wallet.
  • Q: Are swaps on Widgets also counted?
  • A: No, any swaps completed on other swap pages, including the SDK and Widgets, will not be counted. Only transactions made on https://app.rubic.exchange/ are included.
  • Q: How much do I get for a swap?
  • A: You’ll receive 50 RBC for your 1st cross-chain swap and 25 RBC for your 1st on-chain swap. However, you’ll be rewarded with 25 RBC for cross-chain & 12 RBC for on-chain swaps for all subsequent transactions.
  • Please note that there could be specific rates for specific chains during the promotion periods.
  • Q: When can I request a withdrawal of the tokens?Please go to https://app.rubic.exchange/swap-to-earn and see the instruction above. The tokens are claimed on Arbitrum.
  • A: Once you’ve collected at least 300 RBC, you can request them. There will be two Claim Windows available each month.
  • Q: Can I request to withdraw RBC anytime I want?
  • A: Yes, you can request a withdrawal anytime you feel like you have gathered enough RBC (at least 300 RBC). However, the Claim Window becomes available once in 2 weeks, in Rounds, during these Rounds you can claim the requested RBC.
  • Q: I haven’t requested a withdrawal of RBC, but the Claim Window is already open. Can I still claim RBC now?
  • A: No, you can claim RBC only after you requested them to withdraw. If you have not done so and the Claim Window is opened, you will need to make a request. You will be able to claim your RBC during the next Claim Window.
  • Q: Can I claim RBC anytime I want?
  • A: The Claim Window is available once in 2 weeks, in Rounds, during these Rounds you can claim RBC tokens that were requested earlier.
  • Q: My RBC are gone after I’ve requested to withdraw them.
  • A: Please click on the Info “!” Icon, you can check the status of your requested tokens there.
  • Q: If I don’t want to withdraw now, can I withdraw my rewards for this Round along with RBC tokens for the next one?
    A: Yes, you can collect the rewards (at least 300 RBC) and request them to withdraw once you are ready, regardless of the Round they were received.
  • Q: How long does it take to process a withdrawal request?
  • A: Having requested a withdrawal, you will be able to claim your tokens once the Claim Window is opened.
  • Q: Why didn’t I receive a reward in RBC for my swap?
  • A: Most likely, your transaction was performed not on https://app.rubic.exchange/. Any swaps completed on other swap pages, including the SDK and Widgets, will not be counted. Please also check that your transaction meets the requirements of the “Swap to Earn” program.

Contact Support

If you have any additional questions, please feel free to contact our support team via the communication channels listed below:

  1. Telegram Support Bot: https://t.me/RubicSupportBot
  2. Website LiveChat widget on https://rubic.exchange/ or https://app.rubic.exchange/
  3. Discord ticket system: https://discord.gg/7EYzPbWKFQ

Don’t miss this opportunity to earn extra RBC tokens. Join Rubic’s “Swap to Earn” campaign!

About Rubic

Rubic aggregates 70+ blockchains and testnets, while it enables swaps of 15,500+ assets with the best rates, highest liquidity, and transaction speeds — in one click, thanks to the integration of 220+ DEXs and bridges.

Users no longer have to roam across Web3 to compare rates and liquidity; they can make cross-chain and on-chain swaps of any available token to any other one on https://app.rubic.exchange/. On top of that, Rubic’s app along with our cross-chain widget provide fiat on-ramp services, making crypto easy to access and buy.

We also provide tools for dApps to enable cross-chain swaps. Rubic’s functionality can be implemented by any crypto project willing to become interoperable, with an easy-to-install widget and fully customizable SDK.