# Exchange (swap)

Users can swap two tokens through the exchange tab. The swap occurs when a trader wants to exchange directly between trading pairs. 

{% hint style="info" %}
As an example, a swap can be conducted on the Exchange tab if a user only has ETH but wishes to acquire another token, such as GRAIL.
{% endhint %}

On Camelot Exchange, users will be charged a [trading fee](https://docs.camelot.exchange/~/changes/F9vNjZ7AyeSVPJ0LX9RH/tokenomics/protocol-earnings) when they make a token swap.\
[Liquidity](https://docs.camelot.exchange/~/changes/F9vNjZ7AyeSVPJ0LX9RH/get-started/get-started-on-camelot-and-faq/v2-liquidity) is provided to the exchange by liquidity providers, who add their tokens to liquidity pools.

> *A video tutorial on swapping is available below, along with a how-to guide and descriptions of each element.*

### **Instructional video**

{% embed url="<https://streamable.com/ylj30s>" %}

### **Step-by-step guide**

<figure><img src="https://3420642431-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FHBFQDThxW7Uo7iHfOHG5%2Fuploads%2FBa3usuMlBjiV8IYUW5Xr%2FExchange%20-%20Swap%20HOWTO.png?alt=media&#x26;token=fd88bd80-5f08-44ca-ae5f-1689cb96881f" alt=""><figcaption></figcaption></figure>

### **Page description**

<figure><img src="https://3420642431-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FHBFQDThxW7Uo7iHfOHG5%2Fuploads%2Fg8zInXnLCzELkqfyXkZ1%2FExchange%20Description.png?alt=media&#x26;token=d7037fc4-6994-44d4-b9ea-111d1b568fcf" alt=""><figcaption></figcaption></figure>