This article is a complete guide on how to swap on Sushiswap. SushiSwap is one of the most well-liked decentralized exchanges. This exchange is based on the Ethereum network. Sushiswap is a hard fork of Uniswap. It enables users to connect to various systems like Ethereum, Binance Smart Chain, Polygon. Let’s take a look.
Swap on Sushiswap: What is Sushiswap?
As mentioned earlier, SushiSwap is a decentralized exchange. It has succeeded in reaching hundreds of millions in trading volume, putting itself among the top DEX’s. People can utilize the SushiSwap platform to trade, swap tokens, put liquidity, decentralized lending/borrowing exchange, yield farming, and staking.
Swap on Sushiswap: What you need
To use any decentralized exchange, users need an Ethereum address and an extension. SushiSwap allows various wallets such as MetaMask, WalletConnect, Lattice, Coinbase Wallet, Fortmatic and Portis. In this guide, we will utilize MetaMask. Users can download and then install MetaMask from here.
After installing MetaMask, users should create a new Ethereum address or carry their current one utilizing their Private Key. Next, just click on the MetaMask extension and then on the top right icon. After this, select ‘Import Account’ and enter private key. Now they will have access to their Ethereum account via MetaMask.
Swap on Sushiswap: How to Use SushiSwap?
The main purpose of SushiSwap is to swap cryptocurrencies. To execute this users should go to the official website and click on Connect to a wallet on the top right.
There are various alternatives to pick from. Users should first select the MetaMask and the Ethereum address they want to apply and then click on Connect. After the connection is established, users will be able to verify their existing tokens and swap them. Also, users can add liquidity on SushiSwap.
How to Swap on Sushiswap?
First visit the page here. After this, connect your wallets to access the platform. For this, Click on the Connect to a wallet button. There are various wallets. As mentioned earlier, we are using MetaMask wallet. The next step is to select the network. SushiSwap allows users to connect with various networks such as Ethereum, Fantom, BSC, Polygon(Matic), HECO, xDai, Harmony, Avalanche, and OKExChain.
After selecting the preferred network, the next step is swapping. To accomplish this, users should first select the input and the output token. Next, they should enter the amount of the input token that they want to use on swapping with the other token. After entering the amount of input token, the output token will automatically be calculated and displayed. Users should confirm this entire process by clicking on the Confirm Swap button.