What is swap?

In the context of cryptocurrency, swapping refers to the process of exchanging one type of digital asset for another directly within a wallet. Unlike traditional trading, which might require placing buy and sell orders on an exchange, a swap allows you to instantly convert one cryptocurrency into another at the current market rate.

Key Features of Swapping:

• Direct Exchange: You can convert one cryptocurrency directly into another without needing to first sell it for fiat currency.

• Instant Transactions: Swaps typically happen instantly or within a few minutes, depending on the network’s speed.

Example of a Swap:

If you hold Ethereum (ETH) and want to convert it into Palm tokens (PALM), you can perform a swap where you exchange a specific amount of ETH for an equivalent amount of PALM tokens, based on the current exchange rate.

Swapping is a popular feature in many wallets and decentralized exchanges because it allows users to easily diversify or manage their crypto holdings without the complexities of traditional trading