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Swaps | Uniswap

docs.uniswap.org · 1,069 words · saved by 1 readers

Token swaps in Uniswap are a simple way to trade one ERC-20 token for another.

# Swaps (/docs/get-started/concepts/traders/swaps) Learn how swaps work on Uniswap, including price impact, liquidity pools, and trade execution. ## How Swaps Work Swaps are the most common way of interacting with the Uniswap protocol. For end-users, swapping is straightforward: a user selects an ERC-20 token that they own and a token they would like to trade it for. Executing a swap sells the currently owned tokens for a proportional amount of the desired token, minus the swap fee, which is awarded to [liquidity providers](/docs/get-started/concepts/ecosystem-participants#liquidity-providers)

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