Comprehensive guidance to swap with QuickSwap

Comments · 320 Views

Quickswap is a revolutionary decentralized exchange that has taken the cryptocurrency world by storm. It is built on the Polygon network and is one of the fastest and cheapest exchanges on the market.

QuickSwap platform is a decentralized platform based on the Polygon blockchain. If you are also interested in trading on the Polygon network or want to trade with your preferred set of coins, you can go for the QuickSwap.  

Apart from swapping, this platform is also used to perform other needful processes such as swapping, liquidity, and yield farming. In this blog post, we will explore the intact guidance on swapping coins using the QuickSwap platform. 

This process includes two steps if you are a novice user, those steps are as follows:

  • First, connect it to a wallet
  • Then, swap the tokens

Let's understand, how to connect with a wallet

To make a better understanding, I am taking the MetaMask wallet for example. I will explain further how can you connect QuickSwap with MetaMask by providing step-by-step guidelines.

  1. Open the home page of QuickSwap and navigate to the "Connect Wallet" button.
  2. Pick up the preferred wallet that you want to connect with this decentralized application (dApp).
  3. Now, if you have multiple accounts on that wallet, you need to pick one preferred account.
  4. Afterward, hit "Next" "Connect".

This way, you can add a wallet to this decentralized application but make sure the wallet you have added is supported by the platform and also able to interact with decentralized applications.

After successfully adding a wallet, QuickSwap is all set to swap your tokens at the best rates or your preferred rates. The choice of setting up an order type is all yours.

Here, I am going to present a thorough process of making a Limit Swap so that you can get the rates of your choice as well as the preferred token to trade with.

A step-by-step guide to accomplish the Limit Swap

  1. Open the website and go to the "Swap" page.
  2. Over there, move to the "Limit" section.
  3. Here, pick the " Select a token" button further to open the list of available coins.
  4. After picking up the token you want to swap with, provide the amount.
  5. Fill out the price at which you want to make a transaction.
  6. Tap on the button "Place Order" "Confirm Order".
  7. Review the details, and edit if you want to make any changes.
  8. Or, hit the "Close" button after hitting "Confirm".

Now, your placed order will appear in the "Open Orders" section and it will get executed when the price you have specified there matched.

The Bottom Line!

As the name suggests, QuickSwap allows its users to swap purchased tokens with the coins of their choice effortlessly and quickly. One more thing to take heed of is, there is a Pro Mode slider available on the screen which you can enable to have a glance at the current market depth of your chosen pair of coins. This way, this decentralized platform is able to let you swap wisely and also gives a boost to your trading journey.

 

Comments