• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
How to Swap Tokens on a DEX: A Simple Guide to Decentralized Trading

How to Swap Tokens on a DEX: A Simple Guide to Decentralized Trading

user avatar

by Alexandra Smirnova

2 years ago


A decentralized exchange (DEX) is a peer-to-peer marketplace where transactions occur directly between crypto traders without the need for intermediaries such as banks or brokers. DEXs use smart contracts to facilitate trading between individuals and do not take control of their coins. Decentralized exchanges are part of the decentralized finance (DeFi) ecosystem, which is a new protocol for financial transactions that emerged within the framework of blockchain technology and FinTech. 

Exchanging tokens on a decentralized exchange (DEX) can be done using the following general steps:

  1. Choose a DEX: There are many decentralized exchanges available in the market, and you need to choose one that supports the tokens you want to exchange. Popular DEXs include Uniswap, Sushiswap, and PancakeSwap.

  2. Connect your wallet: To use a DEX, you need to connect your crypto wallet to it. Most DEXs support wallets like MetaMask, Trust Wallet, and Coinbase Wallet.

  3. Select the tokens to exchange: Once you have connected your wallet to the DEX, you can choose the tokens you want to exchange. You will need to select the token you want to swap and the token you want to receive in exchange.

  4. Enter the amount: After selecting the tokens, you need to enter the amount of each token you want to exchange.

  5. Confirm the transaction: Before submitting the transaction, you should review the details of the exchange and ensure that everything is correct. Then, you need to confirm the transaction using your wallet.

  6. Wait for the transaction to complete: The transaction will be processed on the blockchain, and you need to wait for it to be confirmed. The time it takes for the transaction to complete depends on the congestion of the blockchain network and the gas fee you paid for the transaction.

  7. Check your wallet: Once the transaction is confirmed, the tokens will be exchanged, and you can check your wallet to confirm the new balance of each token.

It's important to note that each DEX may have its own specific steps or features. So, it's essential to read the instructions and guidelines provided by the particular DEX you are using.

0

Share

Other articles

In-Depth Look at BLIFE Protocol — Reputation, Tokenomics, and Web3 Built on Bitcoin

Comprehensive review of BLIFE Protocol: digital identity, tokenomics, BPR reputation system, and a Web3 ecosystem built on Bitcoin. Architecture, vision, and real-world use cases.

user avatarElena Ryabokon

20 hours ago

OverKnights: A Blockchain Card Battler with Mechs, NFTs, and PvP Strategy

OverKnights is a tactical Web3 card game featuring NFT mechs, 1v1 PvP battles, and deep customization, built on Immutable zkEVM and part of the expanding OverNet ecosystem.

user avatarElena Ryabokon

a day ago

Pool Masters: A Web3 Billiards Game with NFT Assets, PvP, and Token Economy

Pool Masters is a Web3 billiards game combining realistic physics, NFT collectibles, and a dual-token economy. Classic 8-ball meets blockchain ownership and play-to-earn rewards.

user avatarElena Ryabokon

2 days ago

Space: Defense & Conquest Review – Blockchain Strategy Meets P2E and Idle Gameplay

Space: Defense & Conquest is a blockchain strategy game with tower defense and idle mechanics, powered by the $QUARK token. Build, fight, and earn in a pixel-art sci-fi universe.

user avatarElena Ryabokon

2 days ago

Explore Bear Legion Wars: NFT Battles, PvP Arenas & Web3 Token Economy

Discover Bear Legion Wars — a blockchain strategy game with NFT bears, PvP battles, and a token-based economy. Deep gameplay, smart contracts, and Telegram integration.

user avatarElena Ryabokon

2 days ago

Inside $Sprite Land: Pixel MMORPG with $SPRITE Token, NFTs, and Dual-Chain Economy

Explore $Sprite Land — a pixel-art MMORPG running in-browser, powered by Solana and Ronin, with $SPRITE tokens, NFT houses, PvP, and seasonal rewards.

user avatarElena Ryabokon

2 days ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.