DIFFERENCES & BENEFITS BETWEEN SWAP AND CONVERT
🔁 SWAP (Binance Swap Farming or DEX Swap)
✅ What it is:
A DeFi-style feature usually used in Swap Farming or on Binance DEX (Decentralized Exchange).
You are swapping tokens directly within a liquidity pool (like BNB/USDT or ETH/USDT).
🎯 Key Features:
Typically available under Binance Swap Farming or in DeFi Wallet.
May offer farming rewards (BNB cashback or incentives) for swaps.
Prices are determined by liquidity pool algorithms (AMM – Automated Market Maker).
Can have price slippage, depending on liquidity.
Used often in Trust Wallet or Binance Web3 Wallet.
💡 Benefits:
Potential rewards in BNB (swap farming).
Fast and suitable for small decentralized trades.
Useful for trading smaller or DeFi tokens.
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🔄 CONVERT
✅ What it is:
A simple, instant crypto-to-crypto exchange inside the Binance app.
It’s the easiest way to trade without using charts or setting limit/market orders.
🎯 Key Features:
No fees or very low spread cost.
Instant quote (what you see is what you get).
Great for beginners or quick conversions.
No order book or slippage worries.
💡 Benefits:
Simplicity and speed.
No need to understand trading.