Try Quests to earn cryptoLargest Single Swaps Per Pool
Crypto/token swapping is the process of directly exchanging one crypto asset for another without having to conduct a crypto-to-fiat exchange. It can also be defined as exchanging one cryptocurrency for another following a platform’s change of blockchain. Since the first definition has more applicability in normal use cases, we will stick to it. Swapping crypto involves using crypto-to-crypto exchange services to obtain a token of your choice, platforms such as Changelly, Airswap, Shapeshift etc provide these services. One advantage of crypto swapping is that one has to pay transaction fees only once, unlike the traditional way of exchanging crypto for fiat money and then using that to buy another crypto currency. Swapping is a fast way to test new crypto while making your portfolio more diverse. By exchanging one crypto for another at the right time, you might be able to make a profit. Swapping allows you to switch from a volatile asset into a more stable one to protect your funds from volatility. One thing to keep in mind while doing crypto swapping is slippage- slippage occurs when a trade is executed at a different price than it was initiated. Crypto markets are volatile, and slippage will be inevitable in some trades. Some platforms place restrictions on slippage, preventing the execution of transactions if slippage exceeds a set threshold.