Binance Tutorials
Wallet Swap Services: How to Compare a Token Conversion
Understand route, price impact, slippage and approval risk before using a wallet swap feature.
Understand what a swap does
A wallet swap exchanges one token for another through a route that may involve a decentralised application or liquidity source. The quoted price can change.
Compare price impact and slippage
Review the minimum received amount, network fee and price impact. A thin market can make a small order more expensive than expected.
Approve carefully
Check the token, spender and amount before approving. Revoke unused approvals through a trusted tool when appropriate.