Swapping on Exchanges
7 min readarticleIncludes quiz · 3 questions
A swap/trade exchanges one asset for another (e.g., USD ↔ BTC). Understand market orders vs limit orders, fees, and slippage.
Basics:
- •Market order: Fills now at best available price (may slip).
- •Limit order: Sets a price; fills if market reaches it.
- •Maker vs taker fees: Posting vs taking liquidity.
- •Slippage: Price moves while filling your order.
Test Your Knowledge
This lesson includes a 3-question quiz (passing score: 75%).
Quiz functionality available in the mobile app.