In addition to the 8 AMM and Cross-Chain Bridge already available on CHK Wallet, the Coin 98 Wallet universe has just integrated QuickSwap to connect users to the outstanding features of the Polygon ecosystem.
QuickSwap is a permissionless decentralized exchange built on Polygon (Layer 2 of Ethereum). By using Layer-2 for transactions, QuickSwap users will be able to trade ERC20 tokens (Ethereum tokens) at fast speeds with very low gas costs.
From CHK Mobile Wallet version X for both iOS and Android, you can now trade QuickSwap directly on CHK Wallet, no longer having to perform cumbersome searching and connecting wallet operations.
In this article, I will guide you from AZ how to trade Polygon tokens on CHK Wallet in the simplest and most detailed way.
Things to prepare before trading on Quickswap
Download and install CHK Mobile Wallet version X
Currently QuickSwap is available on CHK Mobile Wallet version X for both iOS and Android.
Detailed installation instructions here.
Create a MATIC wallet
After downloading or updating CHK Wallet version X, you can follow the instructions below to create a MATIC wallet or import the wallet already available on other wallet applications into CHK Wallet.
Prepare MATIC as a gas fee
QuickSwap use MATIC to waste gas. Therefore, to swap tokens on QuickSwap you must have MATIC make fees.
Because it is built on Polygon (Ethereum’s Layer 2), Swap on Quickswap is very cheap, you only have to pay 0.3% fee for QuickSwap’s Liquidity Provider. CHK Wallet does not collect any fees from you.
So everything is ready, let’s go to the real battle.
QuickSwap trading guide on CHK Wallet
Step 1: At the main screen of CHK Wallet, you choose Swap.
Step 2: Choose QuickSwap.
Step 3: With version X of CHK Wallet, you will be provided with 2 options: Basic interface (1) and advanced interface (2).
Continue, you need to fill in some information to make a transaction:
- Select the Token you want to trade from the list: this example will illustrate the MATIC trading pair with QUICK If you want to Swap other tokens, you just need to select the corresponding Tokens.
- For new tokens that have not been listed on CHK Mobile Wallet, you can paste the Contract and trade as usual.
Step 4: Adjust the drag bar the amount you want to trade. Choose Approve (Browse transactions) → Swap to complete.
Note: You can adjust gas and slippage (slippage) according to your needs by clicking on the icon in the upper right corner of the screen.
- The gas fee on CHK Wallet has been optimized for users to make fast transactions with the most reasonable cost.
- Slippage is one of the common causes of swap failures. You can trade with the default slippage rate on the wallet (2%), or customize it higher to ensure the highest success rate.
- The arrow in the middle has the function of changing buy and sell positions, you need to pay attention to check carefully to not place the wrong order.
After the Swap is successful, you can return to the main screen to check the traded tokens or check right at Trade History in the transaction interface.
Why should you trade QuickSwap right on CHK Wallet?
For those who are new to DeFi or those who specialize in betting on DEXs, Swap on CHK Wallet brings undeniable benefits.
Simple, easy to use
With swap on CHK Wallet, you do not need to access QuickSwap, then search for trading pairs, connect wallets, etc. to perform swap. The number of operations is simplified, and you also save a lot of time for transactions.
Actively adjust transaction fees
One of the outstanding advantages of swap on CHK Wallet is optimized gas fees and fast transactions. You feel free to “pull gas” with your hands, including successful transactions.
If you do not want to customize, you do not need to worry about using the gas level that CHK Wallet defaults to you. This gas fee has been optimized, ensuring the cheapest and fastest transaction.
Can experience many other AMM
In CHK Wallet Version X, you have access to 9 different AMMs and Bridges. Let’s wait for other planets with CHK Wallet to be integrated in the CHK Wallet universe in the near future!
You just need to choose an asset (token/coin) from your wallet to swap, let CHK take care of everything!
See you guys in the next post!
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