Exchange Token

How to exchange tokens

Token exchange is a very convenient feature of KEYRING wallet products. Since this is a built-in exchange, users can perform transactions directly within the wallet without going through a third-party site. This saves time and is very convenient.

The token exchange feature allows users to swap or bridge tokens, and of course, this will incur gas fees. Just like the gas fees when you send tokens, you can choose the type of token you want to use to pay the gas fees; it doesn't necessarily have to be the native token of that chain.

1. Select the token you want to use for the exchange.

2. Switch to the Exchange tab.

3. Unlike sending tokens, when exchanging, you need to select the token to pay the gas fee first.

4. After selecting the gas fee token, choose the destination chain and token for the exchange.

5. Enter the amount of tokens to exchange.

6. Confirm the transfer.

7. (Optional) Choose Slippage Tolerance if desired. It's the acceptable price difference during a token swap. Higher tolerance means a higher priority but with a larger price difference.

8. Once satisfied, confirm the transfer.

9. Verify the transaction using your passkey.

10. Wait for the transaction to complete.