Swapping is a process that allows you to exchange one asset for another asset. The process works by using a third party Decentralized Exchange (DEX) to complete the conversion between cryptocurrencies, with the swap rate being determined by market conditions at the moment. When swapping using a DEX, the assets are swapped directly from/to your wallet – you don’t have to deposit funds to an exchange. Swaps are subject to fees. Read more about slippage and fees in this article.
When swapping on Layer 1, your fees will likely be higher than Layer 2. This is due to the nature of the Ethereum blockchain - the base layer is more congested, causing higher fees and longer delays, so Layer 2 solutions were developed to reduce fees and transaction times. It is typical to see swap fees of $60 or more on Layer 1 in times of high network congestion. Gas fees (network fees) are not controlled by GameStop, and GameStop does not collect your gas fees.
Swaps within the GameStop Wallet are handled by the 0x API (Layer 1) or Loopring DEX (Layer 2).