The best DeFi swap exchanges are DeFi Swap, Binance Earn, and AQRU. With DeFi swapping you can earn a passive income with your otherwise idle crypto. This guide will explain where you can swap, yield farm, and stake crypto.
What is DeFi Swapping?
DeFi swapping is the concept of providing decentralized exchanges liquidity in the form of cryptocurrency pairs and receiving a part of the trading fees in return. By providing cryptocurrency pairs to DeFI platforms other investors and traders can swap one crypto for another and stake, lend or put them in a crypto savings account. This generates yield because platforms offer interest rates on crypto stored with them. You earn with DeFi swapping because you will receive a part of the DeFi exchange’s trading fees charged on the crypto pair provided.
DeFi Swap allows investors to swap cryptocurrencies without third-party intervention via smart contracts on the Binance Smart Chain (BEP20). Investors can stake their coins for 30, 90, 180, or 365 days and earn up to 75% interest yearly. You can provide BNB cryptocurrency pairs to earn a part of the trading fees charged by DeFi Swap by yield farming. Signing up with DeFi Swap is free, requires no minimum deposit, and no KYC is required.
With Binance’s Automated Market Maker (AMM) you can earn up to 50% of the transaction fees charged on certain cryptocurrency pairs. Binance users can buy tokens from each other via a liquidity pool rather than from Binance’s main exchange. Liquidity providers earn a share of the transaction fees charged for offering this cryptocurrency pair in equal amounts. You can provide liquidity for over 100 trading pairs by logging into your Binance account, clicking on ‘Swap Farming’, choosing the pair you want to offer, and clicking on ‘Swap’.
Via AQRU you can earn money with DeFi swapping indirectly by depositing crypto and receiving interest in return. AQRU uses the deposited crypto to provide liquidity to traders on their exchange and other exchanges. This is a great way to earn a passive income with your otherwise idle crypto. You can open an AQRU account from 10 USDC without undergoing KYC.
Related: best DeFi trading platforms in UAE
What is the best DeFi exchange?
The best decentralized cryptocurrency exchange is DeFi Swap, where you can stake, lend, or yield farm cryptocurrencies without undergoing KYC.
Is Binance swapping decentralized?
Not 100% because Binance requires you to undergo KYC but traders that use the liquidity pool trade in a decentralized way.
Can I DeFi swap as UAE investor?
Yes, as UAE-based investor you can sign up at the three platforms mentioned in this guide and participate in DeFi swapping.
Business24-7 aims to help those interested in cryptocurrency make safe and informed investing decisions. We are dedicated to offering our readers unbiased reviews of leading cryptocurrency exchanges for traders at all levels. Cryptocurrency exchanges are included in our reviews if they are safe, liquid, regulated by proper authority, or decentralized.
All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.
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