# Whats the difference between using Swap, Market Trade, and OTC?

**What's the difference between using Swap, Market Trade, and OTC?**

* [**Swap**](/main-page-overview/swap.md) utilizes a [**liquidity pool**](/faq/what-is-a-liquidity-pool.md) to fulfill a token exchange.
* [**Market trades**](/main-page-overview/markets/market-exchange.md) use that token pairs [**order books**](/main-page-overview/markets/market-exchange/order-books.md) to fill trades.
* [**OTC**](/main-page-overview/otc.md) (Over-The-Counter) is a direct sale to another user without having to rely on the pricing and swap value in market exchanges and liquidity pools.&#x20;


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