> For the complete documentation index, see [llms.txt](https://docs.camelot.exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.camelot.exchange/get-started/castle-tutorials/swapping-explained.md). # Swapping Explained The swap feature is used when traders want to exchange tokens within trading pairs. On Camelot, users are charged a [trading fee](/tokenomics/protocol-earnings.md) when they make a token swap.\ [Liquidity](/get-started/castle-tutorials/providing-liquidity-explained.md) is provided to the exchange by liquidity providers, who add their tokens to liquidity pools. ### Swap modes * Aggregator (V3) - This mode utilizes the Paraswap and OpenOcean APIs and combines both the Camelot V3 and V2 AMMs (Native mode uses only V3 and V2 AMMs) * V3 - This mode exclusively uses the V3 AMM * V2 - This mode exclusively uses the V2 AMM ### How to {% content-ref url="/pages/uk2kZxIpUcMZIqyuzF7f" %} [Swap tokens](/get-started/castle-tutorials/step-by-step-guides/swap-tokens.md) {% endcontent-ref %} {% hint style="warning" %} For tokens with a custom transfer **TAX**, get familiar with the following [document](/get-started/castle-tutorials/swapping-tax-tokens.md) {% endhint %} {% hint style="danger" %} Before initiating the swap, please make sure you are satisfied with the output parameters, such as price impact, minimum received, and rates {% endhint %}