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How does warmane character trade work

Can you only trade characters for warmane coins?
Would you be able to sell my priest for coins, and then buy a character with them coins? essentially swapping.
Also does the character go onto my account with my login info? and is there any risks? if the person botted it to level 70 for example, and you buy it can it be banned later on for something I had never done?

It is indeed essentially how it works.
You sell your char for coins -> Use coins for a new character.
2 things though:
They take a cut (it's specified when you sell your character) but i think its only like 5 coins or something. So if you sell your character for 30 and expect to buy one for 30, you'll be missing a few coins..
You might concider selling your character and buying a Character leveling boost (20 coins), which is cheaper then a traded character (atleast 30 coins) -> i'm not sure this is open on outland though and  if you want buy warmane gold you can go r4pg.com
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