Having been in operation since late 2017, MorphToken has quietly been one of the most dependable crypto swapping services around, with one of the lowest fees for making simple swaps between BTC and ETH (approximately 1%). Like most of the others, MorphToken charges a small fee officially (0.25%) but actually makes most of its profit by offering less-than-competitive exchange rates. Overall, fees are still somewhat smaller for most trades than more popular exchanges like Changelly, which makes MorphToken a decent competitor if you are trading one of the six coins they support.
The coins/tokens that can be swapped on MorphToken include BTC, ETH, LTC, BCH, DASH and XMR. Something that sets MorphToken apart from similar exchanges is that they post their exchange rates on their home page. The rates are constantly updated so you can get a good idea of what you are getting before you initiate a swap.
Another unique feature of MorphToken is its ability to split one coin into two or more other cryptocurrencies, which can save a lot of time for those looking to do conversions in a hurry. In the example below we can see 0.1 BTC is going to be swapped for about 8.02 DASH and 9.44 LTC. This reflects a 50/50 split of the dollar value of the 0.1 BTC. If you want a greater proportion of one coin or another, you can adjust the “weight” for each output accordingly.
The downsides to MorphToken are plentiful: they only offer 30 swap combinations, don’t accept U.S. customers, don’t support fiat, and there isn’t much information available about the company itself. However, they are generally regarded as highly competent when it comes to performing the services offered. For the programmers among us, MorphToken offers an extensive selection of API tools and utilities, making it easy to integrate their services into any website.