What are the differences between swap and swop in the context of cryptocurrency trading?

1 answers

• Lorenzen SivertsenNov 18, 2022 · 3 years ago
  In the context of cryptocurrency trading, swap and swop are two different ways to exchange one cryptocurrency for another. A swap usually refers to a transaction that takes place on a centralized exchange, where users can trade their cryptocurrencies with other users. This type of exchange typically involves fees and relies on the platform's order book to match buyers and sellers. On the other hand, swop is a term that is less commonly used in the cryptocurrency industry. It generally refers to a direct peer-to-peer exchange, where individuals can trade cryptocurrencies without the need for a centralized platform. Swop transactions can be conducted through various means, such as over-the-counter (OTC) trading or decentralized exchanges. While both swap and swop involve the exchange of cryptocurrencies, the key difference lies in the method and platform used for the transaction.
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