What is Swap in Crypto?
Swap means to exchange cryptocurrencies worth the same amount. For example, you can swap 1 Bitcoin (BTC) with an equal price of any other cryptocurrency or fiat currency.
Swapping cryptocurrencies can be done in two ways: using an exchange service provider or by atomic swap. The most common way to swap is by using an exchange service like Binance, Coinbase, and Uniswap. They allow you to swap cryptocurrencies for some fee. Atomic swap is still experimental and has been tested for Bitcoin and Litecoin swaps.
Learn More Crypto Terms