How is this different from a bridge?

Traditional bridges wrap tokens and route them through smart contracts, which introduces wrap/unwrap fees and risk. Native Swap settles each trade directly on the destination chain in the native asset — for example, real BTC on Bitcoin, real ETH on Ethereum.

Which blockchains are supported?

28+ networks including Bitcoin, Ethereum, Solana, Polygon, Avalanche, Arbitrum, Optimism, BNB Chain, Cardano, and more. The full list is updated continuously as we add new chains.

What does a swap cost?

Pricing is transparent and shown before you confirm each trade. There are no monthly fees, no spread surprises, and no hidden bridge costs. The displayed price is what you pay.

How long does a swap take?

Most swaps complete in 1–10 minutes depending on the destination chain. Bitcoin trades take longer due to network confirmation times. You can track each trade in your Penning account.

Is Native Swap regulated?

Yes. Penning operates under a CASP license from the Danish FSA (Finanstilsynet) and is MiCA-compliant across the EU. Native Swap settles wallet-to-wallet: you keep self-custody throughout, and Penning never holds your assets.

Denmark based CASP4.8/5

True native cross-chain swaps — no bridges, no wrapped tokens

Q: What is a native swap?

A native swap exchanges tokens directly across blockchains and settles in the real, native asset — no bridges, no wrapped tokens. Native Swap is Penning's cross-chain trading service built on exactly that: direct swaps across 28+ blockchains in a single transaction.

MiCA CASP licensedFull self-custodyNo wrapped tokensOperating since 2019

A native swap exchanges crypto directly between blockchains — real BTC on Bitcoin, real ETH on Ethereum, no bridge in the middle, no wrapped token. Settled to a wallet you control — you keep your keys, we keep it regulated.

Start swapping See supported networks

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Why it's different

Real cross-chain. Not a bridge.

No wrapped tokens, no custodial middle-man, no bridge contract to trust. Assets move natively and settle directly to your wallet — under Penning's MiCA license.

You stay in self-custody the whole way; Penning never takes hold of your assets.

No wrapped tokens

Settle in the real, native asset — actual BTC on Bitcoin, actual ETH on Ethereum. Never a wrapped or pegged IOU.

You keep your keys

Self-custody throughout — assets settle to a wallet you control, and Penning never takes custody.

MiCA-regulated

Every swap runs under Penning's CASP license from the Danish FSA — not an unregulated bridge or DEX.

How it works

Three steps from source to destination

1. Pick source + destination

Choose what you want to swap from and to. Source and destination can be on different chains — Native Swap handles the routing.

2. Penning quotes the trade

You see the all-in price before you confirm. No spread surprises. No hidden bridge fee. The displayed amount is what settles.

3. Settlement on destination chain

On confirmation, the destination asset settles directly to your own wallet — real BTC on Bitcoin, real ETH on Ethereum. No wrapping, no IOU.

Comparison

Native Swap vs the alternatives

	Native Swap	Bridge + DEX	CEX
Settlement asset	Real, native token	Wrapped (wBTC, wETH)	Real, native token
Custody model	Self-custody — wallet to wallet	Smart-contract escrow	Pooled custody (varies)
Time to settle	1–10 minutes	5–30 minutes	< 1 minute (internal)
Wrap/unwrap cost	None	Yes, on both ends	N/A
Withdrawal to L1	Built into the swap	Separate transaction	Separate transaction
MiCA regulated	Yes — Danish FSA	No	Varies

Networks

Multichain swap across 28+ networks

A true multichain swap, Native Swap routes across these major Layer-1s and Layer-2s in a single trade — no bridge, no wrapped tokens — with new chains added continuously:

BitcoinEthereumSolanaPolygonArbitrumOptimismAvalancheBNB ChainCardanoTRONCosmosPolkadotNEARTezosLitecoinBitcoin CashEthereum ClassicAlgorandKusamaRippleDogecoin

Use cases

Common use cases

Move profits to a stablecoin

Swap from a volatile asset on its native chain straight into USDC, PUSD or EEUR — no bridge intermediary, no DEX gas.

Rebalance a portfolio

Rotate exposure between Bitcoin, Ethereum, Solana and Cardano in single trades. Each leg settles on the destination chain natively.

On-ramp into a Layer-2

Swap from EUR or USDC straight to Arbitrum / Optimism / Polygon assets without using a separate bridge.

Diversify into an emerging Layer-1

Take a position in a new Layer-1 (Cosmos, NEAR, Tezos) without manually setting up a separate wallet or bridge.

Need DKK or EUR? Use the Broker Desk for fiat on/off-ramp. Go to the Broker Desk

Supported tokens

Trade & invest across 190+ tokens on 28+ networks — need a specific asset or size? We'll source it via a custom mandate.

See all tokens

BTC/BTC

ETH/WBTC

LTC/LTC

ETH/ETH

BCH/BCH

AVAX/AVAX

ETH/USDC

BSC/BNB

XRP/XRP

ETH/USDT

DOGE/DOGE

THOR/RUJI

What clients are saying

Testimonials

See all on Trustpilot

Excellent support and an easy-to-use platform! The phone is always answered quickly, or they call back shortly after if you have any questions. Just a few hours from fiat in your traditional bank to crypto in your own wallet.

Ulrik Bruhn

October 21, 2025

See all on Trustpilot

01/05

Still have questions? Explore our most asked answers

FAQ

A native swap exchanges tokens directly across blockchains and settles in the real, native asset — no bridges, no wrapped tokens. Native Swap is Penning's cross-chain trading service built on exactly that: direct swaps across 28+ blockchains in a single transaction.

Explore more

Buy & sell with DKK/EUR on the Broker Desk How MiCA regulation protects you Security & best-execution Penning vs other crypto platforms

Ready to trade and swap with confidence?

Create your free Penning account in minutes. EU-regulated, no monthly fees.

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Crypto-assets carry risk — their value can go down as well as up. Read the full risk disclosure