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    How to Use Token Swap via Bybit Web3
    bybit2024-10-26 17:31:25

    What is a Token Swap?

    Bybit Web3 Token Swap is a function that allows users to swap their existing cryptocurrency holdings for another cryptocurrency. It is fast and simple with just a few steps required. 

     

    Here's a step-by-step guide to swapping tokens and viewing swap order history through Bybit Web3.





     

    Swap Your Tokens


    Step 1: Please click on Swap in the navigation bar of the Bybit Web3 page to enter the Swap page.

     

    Token Swap BW3 01.png
     





    Step 2: Create your order.

    a) Choose the type of tokens you want to pay and receive.
     

    Token Swap BW3 02.png

    b) Enter the amount you want to pay or receive.

    Token Swap BW3 03.png


    Note: Please ensure that your Bybit Wallet has sufficient payment currency balance. If the balance in your Bybit Wallet is insufficient, you can make a deposit via the following methods: 
     

    a) Click on Deposit on the Swap order page, then make a deposit via Bybit Wallet. For more details, visit this page. Please note that only on-chain wallets are supported.
     

    Token Swap BW3 04.png
     


    b) Click on Transfer from Bybit Account to transfer assets from your Bybit Spot Account to your Bybit Wallet. To learn more about how to deposit funds into your Bybit account, check here.
     
    Token Swap BW3 05.png
     
     



    Step 3: Once there is sufficient balance in your Bybit Wallet, you can click on Swap. We advise you to check on the amount of trading fees and the network fees that will be incurred, followed by the minimum amount you will receive from the swap. 

    Please note that the exchange rate, trading fee and network fee are subject to change during token swaps. The amount you receive may be slightly different from the minimum amount shown.

    Bybit uses a dynamic aggregation protocol to find the cheapest rate amongst a multitude of DEXes as the swap exchange rate and submits the transaction through that DEX.

    Token Swap BW3 06.png
     

    You can also click on the pencil icon to change your advanced settings: Network Fee and Slippage Tolerance. The Slippage Tolerance is default at 3%.  Users can set their own slippage tolerance to ensure that transaction is completed within an acceptable price range. If the final amount received is less than the minimum received amount, your transaction will be canceled. The amount you receive may be slightly different from the minimum amount shown.





    Step 4: Please ensure that all information is correct, and click on Confirm.
     
    Token Swap BW3 07.png


     


    Step 5: Your token swap is in progress and will only take a few seconds to complete. Once complete, you can view the swap assets in your Bybit Wallet.
     
    Token Swap BW3 08.png

     




    View Your Swap Order History

    Click on View Order Details to check your swap transaction details, including: Type, Chain, Swap Fee, Gas Fee, Order ID, Status and more.
     
    Token Swap BW3 09.png
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