A crypto swap directly converts one cryptocurrency to another without intermediary currencies, while a crypto exchange uses traditional trading methods with order books and currency pairs.

Crypto Swaps:

• Direct conversion between cryptocurrencies
• No intermediary currency needed
• Lower fees and faster transactions
• Ideal for quick, simple conversions
• Available through centralized platforms, decentralized platforms, or wallets

Crypto Exchanges:

• Traditional trading platform with order books
• Uses intermediary currencies (like USD)
• Higher fees but better liquidity
• Advanced trading tools and features
• Available as centralized (CEX) or decentralized (DEX)

Key Differences:

Purpose:

• Swaps: Portfolio diversification and quick conversions
• Exchanges: Trading for profit and advanced trading strategies

Process:

• Swaps: One-step direct conversion
• Exchanges: Multi-step process involving buying and selling

Speed & Convenience:

• Swaps: Faster and simpler
• Exchanges: More complex but offer better features

Best Platforms:

Swaps:

• Changelly
• ChangeNOW
• SwapSpace
• StealthEX
• SimpleSwap

Exchanges:

• Coinbase
• Binance
• Crypto.com
• Bisq

Choose a swap for quick, simple conversions without profit motives. Use an exchange for trading with profit considerations and access to advanced features.

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