> For the complete documentation index, see [llms.txt](https://flipper-3.gitbook.io/flipper-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://flipper-3.gitbook.io/flipper-docs/faq/spot-faq.md).

# Spot FAQ

<details>

<summary><mark style="color:$primary;">What is Flipper Spot?</mark></summary>

Flipper Spot lets users swap crypto assets through Flipper's non-custodial trading interface.

It provides a simple way to access crypto liquidity and execute token swaps through one interface.

</details>

<details>

<summary><mark style="color:$primary;">How does Spot trading work on Flipper?</mark></summary>

Users connect their wallet, choose the asset they want to swap, review the trade details, and confirm the transaction.

Flipper then routes the swap through available liquidity sources.

</details>

<details>

<summary><mark style="color:$primary;">What assets can I swap on Flipper Spot?</mark></summary>

You can swap any assets currently supported by the integrated liquidity sources. The complete list of available tokens is displayed directly in the Spot interface.

</details>

<details>

<summary><mark style="color:$primary;">Does Flipper hold my funds during a Spot swap?</mark></summary>

No. Flipper is non-custodial.

Users keep control of their assets and approve transactions through their own wallets.

</details>

<details>

<summary><mark style="color:$primary;">What is smart routing in Spot trading?</mark></summary>

Smart Routing evaluates available liquidity routes before a swap is executed.

Its goal is to help users access better expected execution conditions based on price, liquidity, slippage, and route quality.

</details>

<details>

<summary><mark style="color:$primary;">What is slippage?</mark></summary>

Slippage is the difference between the expected price of a trade and the final executed price.

It can happen when market conditions change or when available liquidity is limited.

</details>

<details>

<summary><mark style="color:$primary;">Can I review the swap before confirming it?</mark></summary>

Yes. Before confirming a swap, users can review the selected assets, amount, estimated output, applicable fees, and slippage settings.

</details>

<details>

<summary><mark style="color:$primary;">Are Spot swaps risky?</mark></summary>

Yes. Spot trading involves market risk, price volatility, slippage, token-specific risks, and network fees. Always review the transaction summary before confirming a swap.

</details>