A swap or exchange is a feature that allows you to trade one token or cryptocurrency for another without needing to go through a fiat currency in the process. This type of operation is particularly interesting when, for example, you want to keep your capital in cryptocurrencies but wish to avoid exposure to volatility during bearish trends. In such cases, you can exchange for stable cryptocurrencies pegged to a fiat currency.
Performing swap or exchange operations between cryptocurrencies has several advantages. For instance, since it's a direct exchange between cryptocurrencies and doesn't involve converting to fiat, these operations usually incur lower costs, as you avoid fees associated with converting to fiat and subsequently withdrawing funds to your chosen payment method. Keeping your capital in cryptocurrencies also helps avoid additional costs.
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