AnCrypto facilitates the instant exchange of two native tokens in a Blockchain with a Swap feature. Also, it enables you to operate in a decentralized ecosystem with no limitations and endless interaction with other Blockchains, and that is possible with the Bridge feature.
So, what are these, and how does it work? Let’s find out!
- Swap Feature
By using the Swap feature, you can swap the two different tokens within the same Blockchain without leaving the wallet. For example: If you want to swap between two tokens of Ethereum Blockchain, you can do it using the “Swap” feature on your AnCrypto app. The wallet offers the faster and most secure token exchange without involving intermediaries.
For swapping, you need to add a token amount for which the swapping needs to be done and desired token pair for trading within the same blockchain. It is a simple, secure, fast form of token exchange.
- Bridge Feature
Bridging in AnCrypto enables you to transfer the funds and tokens between two different Blockchain. This transfer takes place without the involvement of any third party. The smart contract locks up the crypto asset of one Blockchain in exchange for the equivalent amount of the crypto asset on the other Blockchain.
Once the token is locked by the smart contract, the transfer between two Blockchain is done without any intermediary.
What is the difference between Swap and Bridge?
In swapping, the exchange of values between two different tokens takes place within the same Blockchain. Whereas, in Bridging, the exchange of value is done between two different tokens from different Blockchains.
So, that’s the major difference between swapping and bridging. Choose any of these options and securely execute your crypto transactions with AnCrypto.