# Token Swaps

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**Token swaps** on PaySwap are a simple way to trade one token for another via automated liquidity pools on various blockchains.

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When you make a token swap (trade) on the PaySwap Exchange, you will pay trading fees according to the type of liquidity pool your trade is being routed through. You may check the route details by clicking the magnifier icon on the “Route” section.

For Exchange V3 liquidity pools, there are currently four different fee tiers: 0.01%, 0.05%, 0.25%, and 1%.

For StableSwap liquidity pools, the fee rate depends on the individual pool configurations. Please check the “Fee” section for more details.

For Exchange V2 liquidity pools, a fixed 0.25% trading fee is applied, which is broken down as follows:

* **0.17%** - Returned to Liquidity Pools in the form of a fee reward for liquidity providers.
* **0.0225%** - Sent to the PaySwap Treasury.
* **0.0575%** - Sent towards CAKE buyback and burn.

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