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Cygnus Swap
Frequently Asked Questions
How does Cygnus Swap work?
Cygnus Swap is a decentralized bridge powered by SimpleSwap. You select the cryptocurrencies you want to exchange, enter the amount and destination address, and we generate a unique deposit address. Send your crypto to that address, and SimpleSwap automatically converts and sends the exchanged amount to your destination.
What are the fees?
Cygnus Swap charges a 16% service fee on all exchanges. This fee is included in the exchange rate you see. SimpleSwap also includes network mining fees for blockchain confirmations, which vary by network congestion.
How long does an exchange take?
Exchange times vary by blockchain:
- Fast networks (5-30 min): ETH, BNB, MATIC, TRX
- Medium networks (30-60 min): BTC, LTC, DOGE
- Privacy coins (1-2 hours): XMR, ZEC
Times depend on network confirmations required for security.
Is Cygnus Swap safe?
Yes! Cygnus Swap is non-custodial. We never hold your funds - they go directly from your wallet to SimpleSwap's secure exchange protocol. All transactions are on-chain and verifiable. SimpleSwap has processed millions of exchanges since 2018 with an excellent security record.
What cryptocurrencies are supported?
Cygnus Swap supports 500+ cryptocurrencies including:
- Major coins: BTC, ETH, BNB, ADA, SOL, MATIC, AVAX
- Stablecoins: USDT, USDC, DAI, BUSD (on multiple networks)
- Privacy coins: XMR, ZEC, DASH
- DeFi tokens: UNI, AAVE, LINK, CRV
- Meme coins: DOGE, SHIB, PEPE
Use the currency picker to see all available options!
Do I need to create an account?
No! Cygnus Swap is completely permissionless. No registration, no KYC, no email required. Just enter your details and swap. Your exchange ID is your only reference.
What if I send the wrong amount?
If you send an amount different from estimated:
- Within range: Exchange proceeds with adjusted output amount
- Too little (below minimum): Funds are held pending manual review. Contact support with your exchange ID
- Too much (above maximum): Excess is refunded to your source address (minus network fees)
Can I track my exchange?
Yes! After creating an exchange, you'll receive a unique Exchange ID. Click on it to open the status page where you can see:
- Current exchange status (waiting deposit, confirming, exchanging, sending, completed)
- Deposit address with QR code
- Transaction hashes with blockchain explorer links
- Amounts and addresses
What is a "network" in the currency selector?
Many tokens exist on multiple blockchains. For example, USDT exists on:
- Ethereum (ERC-20) - Higher fees, most supported
- Tron (TRC-20) - Low fees, fast
- BSC (BEP-20) - Low fees, fast
- Polygon - Very low fees, fast
CRITICAL: Always match the network of your destination address! Sending to wrong network = permanent loss of funds.
What if my exchange is stuck?
If your exchange hasn't progressed in an unusual time:
- Check your exchange status page for updates
- Verify sufficient network confirmations (shown on status page)
- Check that you sent to the correct deposit address
- If still stuck after 24 hours, check the FAQ for support contact info
What are "fixed" vs "floating" rates?
Cygnus Swap uses floating rates by default:
- Floating: Final amount matches market rate at the time of exchange (may vary slightly from estimate)
- Fixed: Rate is locked when creating exchange (not currently offered on Cygnus Swap)
Floating rates typically offer better value and no expiration time limits.
Is there a minimum or maximum amount?
Yes, limits vary by currency pair. When you enter an amount in the swap widget, it will show an error if outside the allowed range. Typical minimums range from $10-50 equivalent. Maximums can be $5,000-50,000 depending on liquidity.
Who provides the liquidity?
Cygnus Swap uses SimpleSwap as our liquidity provider. SimpleSwap aggregates liquidity from multiple sources including major exchanges, ensuring competitive rates and deep liquidity across 500+ cryptocurrencies.
For technical support related to exchange status, you can contact: support@simpleswap.io
Exchange Status
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