Hello everybody, 1inch DEX aggregator and liquidity protocol offer 3 main services to users: trading, staking, and liquidity mining. Today I am going to explain how to use swap function on 1inch Exchange.
How do you swap on 1INCH
- Choose one of the available two modes, i.e., simple or classic.
- Click on the Connect wallet button in the upper right corner. Click on I read and accept. Choose the Network and the wallet (e.g. Metamask) in the popup window. Then, click on the connect button.
- Select the token we wish to swap from the drop-down menu and enter the amount in "you pay" area. Next, select the token we want to get in "you receive" area.
- 1inch exchange has an "Advanced Settings" option that can be activated by clicking on the "Settings" button in the upper right corner, which allows users to tinker with a trade's slippage tolerance, gas price, exchanges to be routed to, etc. As a beginner, you could skip this step.
- Click the Give permission to swap button. It grants permission and does not perform the actual exchange.
- Click the swap token button, and then confirm the transaction in the wallet.
- Wait for the banner in the upper right corner telling that transaction was successful.
Join today 1inch Exchange to get the most efficient trades based on a number of different variables like price, liquidity, slippage etc. ➡ LINK
Hope you found today’s article helpful. If you want to learn more about trading follow me at @Fizz-on-my-Jayce. Have a nice day :)
