Token swap and cross-chain swap
Simple, fast and convenient token swap feature
Swap tokens in just a few clicks
Secure, trustless swaps between different networks
Set custom swap parameters including token pairs and amounts
Sign and execute swaps with your own wallet
Access product documentation
Token swap FAQ
What is a token swap?
What is a token swap?
A token swap refers to the process of exchanging one type of crypto token for another. This can be done within the same blockchain or across different blockchains, depending on the platform's capabilities. Token Tool’s token swap function facilitates this exchange seamlessly, allowing users to convert their tokens efficiently across different blockchain networks.
What is the difference between a token swap and a token transfer?
What is the difference between a token swap and a token transfer?
A token swap involves exchanging one type of token for another, often involving different cryptocurrencies or tokens. In contrast, a token transfer involves moving tokens from one address to another without changing the token type. Token Tool’s swap function is specifically designed to exchange different tokens, whereas transfers simply move tokens to different addresses.
How can I swap tokens with the Token Tool swap function?
How can I swap tokens with the Token Tool swap function?
To swap tokens using Token Tool's swap function, follow these steps:
1.Navigate to the Track Portfolio section of Token Tool and select the Token Swap tab.
2.Connect your wallet to the swap widget (note that this is a separate wallet connection from Token Tool since the swap feature is a third-party service).
3.Select the tokens you want to swap from and to.
4.Enter the amount you wish to swap.
5.Confirm the swap details and approve the transaction in your wallet.
6.The tokens will be swapped according to the specified parameters and added to your wallet.
Can I swap any token using Token Tool's token swap function?
Can I swap any token using Token Tool's token swap function?
Token Tool supports a wide range of tokens for swapping, but not all tokens may be available. The availability depends on the tokens supported by the third-part swapping service integrating in Token Tool and the underlying blockchain networks. You should check the supported tokens list within Token Tool’s swap function before initiating a swap.
Is there a fee for using Token Tool's token swap function?
Is there a fee for using Token Tool's token swap function?
Yes, using the token swap function in Token Tool incurs a fee. This fee covers the transaction costs associated with the swap process, including network gas fees and service charges by Token Tool. The exact fee amount will be displayed before you confirm the swap. Token Tool charges a 0.5% service fee.
How long does a typical token swap take to complete?
How long does a typical token swap take to complete?
The duration of a token swap can vary depending on network congestion and the specific blockchains involved. Typically, a token swap through Token Tool can take anywhere from a few seconds to several minutes. Users will be notified once the swap is complete.
Can I do a cross-chain swap with the token swap feature?
Can I do a cross-chain swap with the token swap feature?
Yes, Token Tool's swap function supports cross-chain swaps, allowing users to exchange tokens between different blockchain networks. This feature enhances flexibility and broadens the range of tokens users can interact with.
Can I cancel a token swap transaction initiated through Token Tool?
Can I cancel a token swap transaction initiated through Token Tool?
Once a token swap transaction is initiated and confirmed, it cannot be canceled due to the immutable nature of blockchain transactions. Users should carefully review all details before confirming a swap to avoid any unwanted transactions.
Which chains are supported by the token swap feature?
Which chains are supported by the token swap feature?
Token Tool’s swap function supports multiple blockchain networks, including Ethereum and other major EVM chains. Simply click the dropdown menu and choose the network of choice among the supported blockchains.
Is the token swap feature provided by Bitbond or by a third-party?
Is the token swap feature provided by Bitbond or by a third-party?
The token swap feature in Token Tool is provided through a third-party service. Bitbond integrates with trusted third-party providers to offer secure and efficient token swaps, leveraging their specialized technology and infrastructure to ensure a smooth swapping experience.
