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SafePal Swap is a powerful feature that allows users to swap tokens across different blockchains. This article will guide you through the process of swapping your cryptos into $MAG7.ssi, $MEME.ssi, $DEFI.ssi, or $USSI tokens using the SafePal software wallet.
This article contains the following four steps:
- Step 1 Download and setup the SafePal App
- Step 2 Create A Swap Order
- Step 3 Sign the transaction
- Step 4 Receive the swapped crypto
Step 1 Download and setup the SafePal App
The first step is to download the SafePal App from here, set up the App on your phone, and create or recover a wallet into the SafePal App. Here are some useful tutorials you may need:
- How To Create A SafePal Software Wallet
- How To Recover Wallet in the SafePal App via Mnemonic Phrase
Step 2 Create A Swap Order
Launch your SafePal App, and click the 'Swap' tab on the homepage of your App.
Click the crypto name under the Pay tab to choose a cryptocurrency you want to swap into $MAG7.ssi (or $MEME.ssi, $DEFI.ssi, and $USSI token), and enter the amount. You can choose to use stablecoins such as $USDT and $USDC on the Ethereum network, EVM or the L2 network to pay for your Swap order.
Click the token name under the Receive tab.
Select one SSI index token such as $MAG7.ssi, $MEME.ssi, $DEFI.ssi, or $USSI to receive. Here we will use the $USSI toekn as an example.
Click 'Provider', you can see all the available swap service providers for your swap order, select one that you prefer.
Note:
- Through XYSwap, you can swap with low slippage, and even if the transaction and network is congested, the slippage will not be very high.
- Through the DEX such as 1inch, Uniswap, etc., the swap success rate will be low when the transaction and Swap demand is high, and the slippage will be high.
Carefully check your swap order details, if you confirm that the cryptos you pay for your swap order and the tokens you receive are all correct, click ‘Swap’.
Step 3 Sign the transaction
Check the slippage tolerance and the estimated gas fee and cost for your Swap order, if you agree with it, then click 'Confirm'.
Enter your SafePal security password to confirm the signature. You can also sign the transaction with Fingerprint or FaceID for payment if you have enabled them for the payment. If you are using a SafePal S1 hardware wallet, sign the transaction with the S1 hardware wallet.
Step 4 Receive the swapped crypto
Once the signing completes, kindly wait for the order to complete. It usually takes 15 to 30 minutes to complete a swap order, depending on the blockchain traffic. Please wait patiently during the actual swap process.
You can view all the Swap orders by clicking the order book icon on the right upper. If you need any assistance in between, please feel free to submit a ticket here to contact our support team anytime!
