💁♀️Do you have any idea about the difference between Swap and Trade? Two important terms used in the crypto trading ecosystem are swap and trade. In general, a swap means exchanging a product between two parties, but in cryptocurrency, swapping means exchanging one cryptocurrency for another directly, hence the phrase coin swapping.
👉 Alternatively, trading means buying and selling cryptocurrencies (or coins) using exchange platforms. Investors prefer the coin trading method, but it is slowly being replaced by coin swapping recently.
💪 Swaps are agreements between two parties to exchange one asset for later, at an agreed-upon rate.
➡️ While trading or cryptocurrency trading means taking a financial position on the price direction of individual cryptocurrencies against the dollar (in crypto/dollar pairs) or against another crypto, via crypto-to-crypto pairs.
😉 Want to know more about the difference between Trade and Swap? Read our blog!