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Fading QuicklySnapshot Window: 2026-08-31 04:40 UTC · ← Back to Crypto Overview
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what is a currency swap in crypto and how do fixed vs floating rates work? prolly a basic question but i’ve never fully understood what ppl mean when they say “just swap it” if im swapping ETH for BTC for example, is it basically coin A going straight into coin B without having to sell back to fiat first? and whats happening behind the scenes when u do it through a swap service?? the rate part confuses me more. i’ve noticed some services offer fixed and floating rates, SimpleSwap included but i’m not sure when one is really better than the other with floating does the final amount just depend on the rate when the swap executes? and with fixed are u basically giving up a little on the rate for more certainty? mostly trying to understand how ppl choose btwn the two, what am i missing?