How to use Metamask Swap

How to use Metamask Swap



Hello everyone, today I am going to talk about metamask swap


91cd5255ba927c786f31dd1b5ce1675a1a3c8a725d84e23b45e73cb92adced7d.jpg


What is Metamask swap?

 

Metamask swap is a new feature of metamask where you can exchange your coins for any other coins available or supported by metamask.


How to swap a token using the Swaps feature on MetaMask?

 

  • First, you need to open the MetaMask extension or Mobile app.
  • Then click or tap the ‘Swap’ button.
  • 00e1119275405503bc12767327aadb6a48d9bd995ca1ff6ace2d898b69b4eb42.png
  • Choose the tokens you want to swap and the amount of token, then choose slippage tolerance and click ‘review swap’

685430c013a1ff208de56063ebb20583dfb8186384a31af4f813591f00f48563.png



Then metamask is checking the prices and all. Remember to check the price or the rate before you proceed because sometimes gas fees are very high like on Ethereum so better check it first before you swap so that you won't lose a lot of money. After you compared all available quotes and selected the best one click on ‘Swap’ and wait until the transaction completes.


Why Metamask swap is better?

 

We can use a DEXs such as Uniswap, SushiSwap, 1inch, ParaSwap, but if you want the best prices and reduced gas costs Metamast swap is the best option because Metamask swaps combine data from multiple decentralized exchange aggregators, and individual DEXs to ensure Metamask users always get the best price with the lowest network fees.

Also, there is a rumor about Metamask airdrop. Metamask doesn’t have a token yet but could potentially introduce a token in the future. There is a rumor that making a swap on the platform would make you eligible for an airdrop once they create their own token. Therefore a single swap on Metamask swap is not a stupid idea considering the potential airdrop.


Links below are affiliate links and I earn small commission at no extra cost to you. I only recomend products I truly believe in.


Earn Passive Income with Cake Defi. Get 30$ for signing up and depositing 25$ (worth of crypto). 

Bitpanda ➜ Free €15 for trading €25 and completing a quiz.


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 :)

 

How do you rate this article?


44

0

Fizz on my Jayce
Fizz on my Jayce

Crypto trader & Investor. I show my opinions, trading tips, and nothing is financial advice.


Fizz on my Jayce
Fizz on my Jayce

Welcome, this is your friendly neighborhood technical analysis, trading and crypto blog!

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.