How does Samsung trade-in work?

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I’d like to upgrade from my current S10+ to the S21 Ultra. I did the calculation on Samsung.com, and I can get a Phantom Brown S21U and the silicone case with S-Pen for $798.98 (tax included) via trade-in. I’ve always sold my phones, so I don’t know how the process works. Can someone explain, please?

I keep my phones in immaculate condition, and this one’s no exception. It’s like brand new after almost two years. But I’m wondering if I should just sell it on Swappa with accessories to maximize profit and get one new off of there instead of a trade in? I don’t buy phones often, and since my birthday is next month, I’d like to treat myself. What should I do? Feedback is appreciated.

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