What is crypto swapping?

Crypto swapping is a more seamless process that allows you to acquire the coin you want instantly. A major exchange platform will have this option available to its users to make trading as convenient as possible. In this guide, we’ll go over the basic concept of swapping and the difference between swaps and trading.

What is a token swap?

What Are Token Swaps? A token swap has two distinct definitions within the crypto sphere. The first connotes the process of instantaneously exchanging one cryptocurrency to another without having to first undertake a crypto-to-fiat exchange. This definition encapsulates the workings of prominent platforms like Changelly, Shapeshift and Airswap.

What does “swap” mean?

“Swap” refers to exchanging one cryptocurrency you hold for the equivalent value of another cryptocurrency. “Swap” refers to exchanging one cryptocurrency you hold for the equivalent value of another cryptocurrency.

How does a crypto exchange work?

The crypto you want to exchange is directly sent to the swap service provider, who will send you back your freshly swapped crypto to an address that’s immediately secured by your Ledger device. As you can see, from the moment your swap is completed, you are immediately in total control of your newly received crypto.