> For the complete documentation index, see [llms.txt](https://docs.recap.io/south-african-tax-guide/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.recap.io/south-african-tax-guide/transaction-types/swapping-crypto.md).

# Swapping Crypto

![](https://1369014650-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FwDn56IBmTGJCP7opAx1T%2Fuploads%2FSy4RivGoDbyhYIM1smzV%2FSouth%20African%20Crypto%20Tax%20-%20Liquidity%20Pools.png?alt=media\&token=44665f7e-c299-4819-a46e-c4de6575fff5)

Swapping cryptocurrency, whether within a *liquidity pool* inside DeFi, or peer-to-peer, is considered a disposal. Just as you trade crypto-for-crypto, swapping crypto carries the same rules and **should** be considered a disposal by SARS. 

To find out how SARS treats [*crypto-to-fiat*](/south-african-tax-guide/transaction-types/selling-crypto-for-fiat.md) trades, click here.

To find out how SARS treats [*crypto-to-crypto*](/south-african-tax-guide/transaction-types/trading-crypto-for-crypto.md) trades, click here.