Our newly launched DeFi Swap offers users the opportunity to exchange thousands of tokens with low fees and at great rates. Let’s take a look at how you can make the most out of it!
Step 1. Set up your transaction
First, go to changelly.com and switch to the DeFi Swap tab. You will see an exchange widget similar to the one we use on both our fiat marketplace and centralized exchange.
Since you’re exchanging tokens, you will need to choose the network your exchange will go through. At the moment, we only support the Ethereum network — but more will come soon!
Click on the respective tickers to select the tokens you want to trade and enter the amount you’d like to spend. Click the “Exchange now” button to proceed.
Step 2. Enter your wallet address
Next, you will be redirected to the main page of our DeFi Swap. Here, you can review your transaction and see its routing. Routing is the path that the assets take when being traded — meaning, what liquidity pool(s), like Uniswap, SushiSwap, and so on, will be used to carry out the transaction.
To use MetaMask, you will need to either install its browser extension or use WalletConnect since you cannot directly connect your MetaMask mobile app to our platform. If you don’t have the browser extension yet, you will see a prompt to install it — click on the highlighted word (“here”) to be redirected to the download page.
Once you get the extension, click the “Connect your wallet” button to launch the MetaMask web app.
Follow the onscreen instructions to proceed. You will have the option to either import your existing wallet or create a new one. If you pick the former option, you will need to enter your security phrase and create a new password.
Afterward, go back to Changelly. Click the “Connect your wallet” button again to get the option to connect your MetaMask account to our DEX.
Select the MetaMask account you’d like to connect to our platform and click Next. Then, click Connect.
Proceed to the next step once your wallet is successfully connected.
If you have a WalletConnect-compatible wallet, you can use this option to connect it directly to our platform.
You will see a QR code — scan it using your chosen mobile crypto wallet.
If your wallet is compatible with WalletConnect, you will be able to find the “Connect with WalletConnect” button in your wallet app. Here’s an example of how the button looks in the ZenGo app.
You might need to give the app permission to use your camera if it’s your first time using this feature. Scan the Changelly QR code via the pop-up camera screen and press Connect (or its equivalent in the wallet app of your choice).
If the scan was successful, you should see a pop-up similar to the one on the screenshot above. Click the Connect button to finish connecting your wallet to Changelly.
If your wallet does not have a mobile version, or if you prefer its desktop version, click on the Desktop tab. Find the wallet you’d like to use and click on its icon. You will be redirected to that wallet’s website — follow their instructions to connect your wallet to our DeFi Swap.
This is the screen you will see once you successfully connect your wallet via WalletConnect.
Step 3. Set up gas price and your slippage tolerance
While other transaction fees are fixed and already included in the amount you must pay, you can customize your gas fee. To put it simply, this is the money you must pay to push your transaction through on the blockchain: if the gas fee is too low, your transaction may take a long time to complete or may not go through at all.
Most crypto wallets these days set gas prices automatically, but if yours doesn’t, and you don’t know which option to pick, do not hesitate to contact our support team by submitting a ticket here or via the support live chat.
You can also customize your slippage tolerance. Slippage is the difference between the rate you see when initiating the exchange and the price at which it will be carried out.
Slippage and gas fees are inversely proportional. If you’d like to set lower slippage, you will need to pay a higher gas price.
Please be extra careful when customizing slippage tolerance/gas prices. If the gas price you set is too low, the transaction won’t go through, and we won’t be able to refund the network fee.
Double-check all the information you’ve entered and press Swap to proceed.
Step 4. Confirm the transaction in your wallet
You will see a pop-up window asking you to give Changelly permission to access the tokens in your wallet. You will have to do this once for every new token you use. Please note that you might have to pay a small fee for this operation.
Once that’s done, you will need to sign the transaction in your wallet. It will open automatically — follow the onscreen instructions to proceed. If you’re using a mobile app, open it and confirm the transaction there.
Step 5. Wait for the funds to arrive
All that’s left now is to wait. You can check your transaction status on the screen below, which will appear after you confirm the order in your wallet. Alternatively, you can also keep an eye on your transaction via the block explorer.
Once your transaction is completed, the web page will be updated to show the screen below. Enjoy your new crypto!
If you encounter any issues or if you’d like to clarify any questions, you can always contact our support team — they are here to help you 24/7. You can reach out to them via the live chat — just click the dialog icon in the bottom right corner of your screen to launch it — or via [email protected]
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.