Swapping tokens in cryptocurrency, also known as token swapping, refers to the exchange of one type of digital asset for another. It is achieved through decentralized exchange (DEX) platforms that allow users to trade cryptocurrencies without intermediaries such as brokers. These exchanges facilitate the swapping of tokens in a peer-to-peer manner, enabling users to maintain full control over their funds and privacy.
To swap tokens on Utopia, simply follow these instructions:
- Click “+ new” on the top right of your nav bar.
- The popup to swap tokens should appear. Now, select the token you want to swap (which is called “you pay”, and the token you want to receive! Select your slippage, and click preview transaction.
- Make sure that all of your details are correct. Then, click create transaction to put it in the queue! You can also share your public signing link to make sure your other signers sign the transaction fast. Here’s our public signing link for example: https://app.utopialabs.com/public/signing/matic:0x099C3fc44895041A9482403599a11944026175f8
- Execute the transaction through our signing link