CoinMarketCap Launches Token Swaps
CoinMarketCap is known as the number one place for crypto enthusiasts around the world to check the price of any cryptocurrency. However, what if you check the price of a token on CoinMarketCap that you already own in a wallet, and are struck with the urge to swap it?
As of today on CoinMarketCap, users can actually swap the tokens whose prices they had been admiring (or bewailing).
That’s right — CoinMarketCap has launched a token swap feature.
On every supported network and token, you will be able to connect a supported crypto wallet and swap your tokens right on CoinMarketCap in a safe and secure way.
At launch, Uniswap will be the first supported DEX for token swaps.
What Networks, Wallets and DEXs Does CoinMarketCap TokenSwap Support?
Below is a list of the currently supported DEXs, wallets and networks.
At this time, wallets supported by Uniswap will also be available for the CoinMarketCap token swap. This includes MetaMask, WalletConnect, Coinbase Wallet, Fortmatic and Portis.
Ethereum is the network supported at this time.
How to Use Token Swaps on CoinMarketCap
First, navigate to the page of the coin that you wish to swap. You will see a converter between a selection of two coins on the right side of the page, and the option to “Swap on CoinMarketCap.”
Once you click to swap, you will be able to select the cryptos that you wish to swap and the amount. At this point, you will need to connect a wallet and sign the blockchain transaction.
Make sure that you have checked the liquidity provider fee that will be charged, the route, the price impact, the minimum received and the slippage tolerance before confirming your swap.
For more information about token swaps in general, see our CoinMarketCap Alexandria beginner’s guide to token swaps.