Does token swap require selling first and then buying? How does token swap work?

php editor Apple answers your question: Token swap is a common operation, which usually requires selling the original token first and then using the proceeds to purchase new tokens. Such operations can help investors adjust their investment portfolios in time during market fluctuations to obtain better returns. Specific steps include selecting a suitable trading platform, logging into the account, selecting the tokens to sell and the tokens to buy, setting the transaction price and quantity, confirming the transaction and waiting for the transaction to be completed. It should be noted that when conducting token swaps, the trading platform must be carefully selected to ensure the safety of funds and legal transactions.

Does token swap need to be sold first and then bought?

The operation of token swap depends on whether the account has a corresponding trading pair. If there is a corresponding trading pair, you can directly replace it without selling first and then buying. However, if there is no corresponding trading pair, it is recommended to sell the token first and exchange the obtained funds into USDT before proceeding with the purchase operation.

Token swap refers to the process of converting one token into another token, usually led by the project party or the agreement party. This could be for purposes such as mainnet launch, network upgrades, or token standard changes. The specific operating procedures and rules are designed and determined by the project party.

The main reason for token swap is to gain profits. Since cryptocurrency prices fluctuate rapidly, if you can accurately grasp market opportunities and have a little luck, it may be possible to make swaps at the right time and earn high returns.

Cryptocurrency trading risks are huge. Accurately grasping market opportunities can lead to high profits, otherwise losses are unpredictable.

How does token swap work?

Token swap is very simple. Currently, mainstream exchanges such as Oyi and Binance support token swap. The following is the token swap tutorial on Eureka Exchange.

Click here to directly open the official website of OKX Exchange. After entering your email address on the homepage, click the "Register" button. Complete the slider verification and enter the verification code you received. The verification code is valid for 10 minutes.

2. Then enter your mobile phone number, click "Verify Now", and enter the six-digit verification code received by your mobile phone. The validity period is also 10 minutes

3. Select your country/region of residence and check the Terms of Service, "Risk and Compliance Disclosure" and Privacy Policy and Statement

4. To create a password, you need to meet the following conditions: 8-32 characters in length, 1 lowercase letter, 1 uppercase letter, 1 number, 1 symbol, such as: !@ # $ %, etc.

5. After logging in to your account, find the "User Center" icon on the homepage and enter the identity authentication page

6. Click "User Center"——" "Identity Authentication" can perform different levels of authentication according to different needs (note: video authentication needs to be operated on the APP)

7. Click "Transaction" on the homepage - "Coin "Coin" to enter the transaction page

8. Enter ETH in the search box, select the ETH/USDT trading pair, and you can see the real-time market price of ETH

9. Enter the amount of ETH to sell, click Sell ETH to exchange for USDT to complete the token swap

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