Everything you need to know about Crypto Swapping

Yanda
6 min readMar 31, 2023

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?

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.

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Yanda

Hybrid Finance protocol linking CeFi and DeFi