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What does crypto conversion mean and how is it different from trading?
What does crypto conversion mean and how is it different from trading?

Crypto conversion refers to the process of exchanging one cryptocurrency for another. This can be done for a variety of reasons, read more

A
Written by Ashley Joseph
Updated over a week ago

Crypto conversion refers to the process of exchanging one cryptocurrency for another. This can be done for a variety of reasons, such as to diversify a cryptocurrency portfolio, to take advantage of price differences between different cryptocurrencies, or to use a specific cryptocurrency for a particular purpose. Crypto conversion is different from trading in that it involves exchanging one cryptocurrency for another, rather than buying and selling cryptocurrency for fiat currency (such as US dollars) or for other assets. Trading involves buying and selling cryptocurrency in order to profit from price fluctuations, while conversion is more focused on exchanging one cryptocurrency for another.

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