Swap Farming on Binance is one of the many products of the Binance platform that provides users the opportunity to carry out transactions easier and faster where users can swap between selected token pairs on the Swap Farming page without the use of an order book as on the main Binance homepage. It enables users to perform DEX-like transactions on Binance CEX, which makes it easier for users who find Binance charts & order books too complex to understand. It also helps users of Decentralized Exchanges (DEX) to have a familiar interface to carry out their crypto transactions. The Binance Swap Farming can be accessed via the mobile app or the website making it available both on PC and mobile which offers flexibility for users to trade on the go whenever they want.
Benefits of Swap Farming:
- It provides users a minimalistic simple interface to perform transactions without any complex features like order books.
- Users get the opportunity to receive up to a 50% swap fee rebate in BNB depending on the swap pair.
- Low slippage when compared to other DEX
- High-frequency traders can make use of API support to perform large transactions and arbitrage trading.
- It is easier and faster to perform transactions using the swap function as transaction time is instant without any delay or waiting period.
- You can swap lower amounts of token pairs especially stablecoins (i.e USDT-BUSD pair), you can swap as little as 0.1 of both pairs which isn’t possible on the main Binance trading page.
- Binance Swap Farming offers more stable prices and lower fees for large transactions.
- It is available to both mobile app users and PC users.
Comparing the User Interface between the Binance Swap Farming page vs Binance Trading page
As you can see from the images above, you can see the differences between the UI, the Swap Farming page looks simple and clean and it is highly recommended for beginners. The Trading page, on the other hand, looks more complicated for users who don’t understand how order books work.
Other differences include:
- Faster transactions as swaps are instant as opposed to trading where all orders are placed in an order book before getting fulfilled.
- Lower minimum amount accepted for swaps, as users can swap amounts as low as 0.1 USDT/BUSD which cannot be done on the trading platform.
- A one-way route is required for performing swaps, whereas there are different order types that can be selected using the trading platform (the order types include: limit order, market order & stop-limit order).
- The prices for tokens are more stable with lower fees on the Swap Farming page than the Trading platform where prices fluctuate every second and may be confusing for some users to successfully perform transactions.
- Users can get up to a 50% swap fee rebate in BNB for transactions on the Swap Farming page while users can get up to a 25% discount using BNB to pay for trading fees when trading.
To make use of the Binance Swap Farming and carry out transactions visit the Product Page — Binance Liquid Swap
To get a detailed guide on how to perform transactions using Binance Swap visit FAQ — How to Use Binance Swap
To get a detailed guide on how to claim rewards from using Binance Swap visit FAQ — How to Claim Swap Rewards in Binance Swap Farming
To get started with Binance, Register here.