Swapping

Executing a Swap on CrossDex

Swapping tokens on CrossDex is a simple and efficient process. Follow these steps to execute a swap:

1. Navigate to the Swap Interface: Open the CrossDex app and select the "Swap" tab.

2. Select Tokens:

   • In the "From" field, choose the token you want to swap from your wallet.

   • In the "To" field, select the token you want to receive.

3. Enter Amount:

   • Input the amount of the token you want to swap in the "From" field.

   • The corresponding amount in the "To" field will automatically update based on the current exchange rate.

4. Review Transaction Details:

   • Check the estimated output, including the minimum amount you will receive after the swap.

   • Review the price impact, which shows how your trade will affect the market price.

   • Verify the liquidity provider fee, typically a small percentage of the transaction.

5. Confirm the Swap:

   • Click the "Swap" button and review the transaction summary.

   • Confirm the transaction in your connected wallet.

   • Wait for the transaction to be processed on the BNB Chain.

Understanding Price Impact and Slippage

Price impact and slippage are important factors to consider when swapping tokens:

• Price Impact: This refers to the effect your trade will have on the market price of the token pair. Large trades relative to the pool size will have a higher price impact.

• Slippage: Slippage is the difference between the expected price of a trade and the actual price at which the trade is executed. Set a slippage tolerance to control the acceptable amount of slippage for your trade.

Tips for Successful Swapping

• Monitor Market Conditions: Execute swaps during times of lower market volatility to minimize slippage and price impact.

• Use Limit Orders: Where available, use limit orders to specify the maximum or minimum price you are willing to accept for a trade.

• Check Gas Fees: Ensure you have sufficient BNB in your wallet to cover transaction fees on the BNB Chain.