WebOct 26, 2024 · A crypto swap is a transaction with two parts: on the one hand, you have a set amount of crypto leaving your wallet and going to the swap provider; on the other, you have a set amount of another crypto leaving the provider and coming into a different account in your wallet. For example, the provider may offer to swap 0.05 BTC for 0.7 ETH. WebJan 17, 2024 · Cryptocurrency exchanges and wallets offer an excellent viable alternative to regular banking services. For the nearly 2 billion people in the world without a bank, crypto exchanges provide access to previously inaccessible services. However, without effective AML and KYC, exchanges cannot access this large market, as these potential customers ...
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