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Swapping Tokens

Token swapping allows you to exchange one cryptocurrency for another. This guide covers how to swap tokens safely using TokenFabric’s integrated solutions and recommended platforms.

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Understanding Token Swaps

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What is Token Swapping?

  • Direct exchange between tokens
  • Automated through smart contracts
  • Real-time market prices
  • Instant settlements

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When to Swap

  • Converting between tokens
  • Trading opportunities
  • Accessing specific tokens
  • Portfolio rebalancing

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Swapping Methods

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1. Direct Swaps

Available soon on TokenFabric:
  • Built-in swap interface
  • Optimized for social wallets
  • Competitive rates
  • Simplified process

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2. External DEX Integration

Currently recommended options:
  • Uniswap
  • 1inch
  • Other major dex & aggregators
While native swapping is coming soon, you can use any external DEX by connecting your wallet like MetaMask.

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How to Swap Tokens

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Using External DEXs

  1. Preparation
    • Connect wallet (MetaMask recommended)
    • Ensure sufficient balance
    • Check gas fees
    • Verify token contracts
  2. Execution Steps
    • Select tokens to swap & network
    • Enter amount
    • Review exchange rate
    • Confirm transaction
Always verify token contracts when swapping. Scammers often create tokens with similar names.

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Best Practices

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Before Swapping

  1. Research
    • Check token legitimacy
    • Compare rates
    • Understand slippage
    • Review gas costs
  2. Security
    • Verify platform
    • Check wallet connection
    • Review permissions
    • Start with small amounts

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During Swap

  1. Verification
    • Double-check tokens
    • Review rates
    • Check impact
    • Confirm gas fees
  2. Execution
    • Set reasonable slippage
    • Monitor transaction
    • Keep transaction hash
    • Verify receipt

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Understanding Swap Mechanics

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Key Concepts

  1. Slippage
    • Price movement tolerance
    • Usually 0.5-1% default
    • Higher for volatile tokens
    • Lower for stable pairs
  2. Price Impact
    • Effect on market price
    • Larger for big trades
    • Consider splitting orders
    • Watch for high impact

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Common Issues

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Risk Management

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Safety Tips

  1. Token Verification
    • Check contract addresses
    • Verify on block explorers
    • Research token projects
    • Watch for scam tokens
  2. Trade Safety
    • Start with small amounts
    • Use trusted platforms
    • Monitor transactions
    • Keep records

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Advanced Topics

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Token Approvals

  • Understand allowances
  • Review permissions
  • Revoke when needed
  • Monitor active approvals

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Route Optimization

  • Compare DEX rates
  • Check gas costs
  • Consider direct routes
  • Use aggregators

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Next Steps

Continue learning:
  1. Explore bridging networks →
  2. Learn about token metrics →
  3. Start creating assets →

Need Swap Help?

Join our Discord for real-time support and trading tips.

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Quick Reference

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Swap Checklist

  • Verify token contracts
  • Check exchange rates
  • Review gas fees
  • Set appropriate slippage
  • Confirm wallet balance
  • Monitor transaction
  • Verify receipt
Save gas by swapping during low network congestion periods and using optimized routes.