This is a complete guide to what is a Crypto Swap and other methods of exchanging cryptocurrencies in 2023.
In this article you’ll learn:
- What is a Crypto Swap
- The difference between swaps and trades
- The 4 main types of token exchange
- What to choose between CEX, DEX, Cross-chain Bridges and Atomic swaps
Let’s dive in.
Content
- What is a Crypto Swap?
- Difference between Crypto Swap and Trade
- How does crypto Swapping work?
- Exchange through CEX
- Exchange through DEX
- Swap through Cross-chain Bridges
- Swap through Atomic Swaps
- How to choose the best method for swapping your tokens
What is a crypto swap?
A token swap takes place when a user wants to exchange one cryptocurrency for another without the need for an intermediary or a centralized authority.
Swaps are typically facilitated by decentralized exchanges (DEXs) that run on blockchain technology.
