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How to use im wallet uniswap exchange tutorial

Hannah Marie Garcia
Release: 2024-10-17 14:52:01
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How to connect to Uniswap exchange using imWallet? Install imWallet and create a wallet. Visit the "DApp" tab and click "Uniswap" to open the Uniswap interface. Select the token you want to redeem and enter the amount. View and adjust exchange rates. Click the "Redeem" button and confirm the transaction. View transaction history in the History tab. Other considerations: Slippage tolerance: The amount allowed for trade execution. Gas fee: Ethereum network fee required to exchange tokens. Liquidity: Some tokens are less liquid and may be difficult to redeem for large amounts. Scam: Beware of phishing

How to use im wallet uniswap exchange tutorial

Uniswap exchange tutorial in imWallet

How to use imWallet to connect to Uniswap exchange?

First, you need to install imWallet and create a wallet. After opening imWallet, go to the “DApp” tab and click on “Uniswap”. This will open the Uniswap exchange interface.

How to exchange tokens?

  • Select a token: Select the token you want to redeem in the "From" and "To" fields.
  • Enter amount: Enter the number of tokens you want to redeem.
  • Check the exchange rate: Uniswap will automatically calculate the exchange rate for you. You can choose to adjust the exchange rate by sliding the slider.
  • Confirm exchange: Click the "Redeem" button and confirm the transaction.

How to view transaction history?

  • Open imWallet and go to the "DApp" tab.
  • Click on “Uniswap”.
  • Click on the "History" tab.

Things to note when using the Uniswap exchange:

  • slippage tolerance: This is a percentage of the transaction amount , the transaction will be executed within this percentage range.
  • Gas fee: Ethereum gas fee is required to redeem tokens. Fees vary depending on network congestion.
  • Liquidity: Some tokens have low liquidity, which means it may be difficult to exchange for large amounts at a specific price.
  • Scams: Beware of phishing websites and other scams trying to steal your funds. Only use trusted Uniswap interfaces, such as those accessed through imWallet.

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