Swapping tokens on 1inch is a quick and easy process that allows you to exchange one cryptocurrency for another without paying high fees. Here are the steps you need to follow to swap tokens on 1inch:
- Connect your wallet to 1inch: In order to swap tokens on 1inch, you will need to connect a wallet to your 1inch account. This can be done by going to the “Wallets” page and following the prompts. 1inch supports various wallets, including MetaMask and Ledger.
- Select the tokens you want to swap: Once your wallet is connected, you can select the tokens you want to swap by going to the “Swap” page.
- Input the amount of tokens you want to swap: Input the amount of tokens you want to swap in the input field provided.
- Select the token you want to receive: Select the token you want to receive from the drop-down list provided.
- Confirm the transaction: Review the details of the transaction and confirm the transaction.
- Wait for the transaction to be confirmed: Once the transaction is confirmed, the tokens will be swapped and credited to your wallet.
It’s important to note that when swapping tokens on 1inch you don’t need to go through a KYC process, and you are in full control of your assets and private keys.
1inch also offers a feature called “Split” which allows you to split your order across multiple liquidity pools to take advantage of the best prices and avoid paying high fees.
That’s it! You have successfully swapped tokens on 1inch. Remember that trading on any decentralized exchange still carries some risks and it’s important to be aware of them, and to always do your own research before making any trade.