What is swapping?

Swapping is a process where you exchange one crypto for another, similar to exchanging Dollars for Euros. You send a swap partner one type of crypto, and they return another of your choosing.

We work with a 3rd party provider, Changelly, to enable swapping in the LIQUID app. Swapping is available for all coins and tokens that are supported on ZERO, with these exceptions:

  • BNB on Beacon Chain (BEP2) is being phased out and is is not supported for swapping.
  • ESDT tokens (on MultiversX/EGLD) are not supported for swapping.

A swap with Changelly consists of 4 steps. This is the full transaction flow of a swap:

  1. Confirmation of the Send transaction on the blockchain network.
  2. Confirmation and processing of the received crypto by the swap provider Changelly.
  3. Confirmation and processing of the sent crypto by the swap provider Changelly.
  4. Confirmation of the Receive transaction on the blockchain network.

Read on: How does swapping work?