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How to Trade on iZiSwap: A Step-by-Step Guide

How to Trade on iZiSwap: A Step-by-Step Guide

Kenna Howard's photo
Kenna Howard
·

4 min read

iZiSwap is revolutionizing decentralized trading with its innovative Discretized-Liquidity Automated Market Maker (DLAMM) model. Whether you’re an experienced DeFi trader or just starting out, trading on iZiSwap offers unique benefits such as zero-slippage execution, on-chain limit orders, and multi-chain support. This guide will walk you through the process of trading on iZiSwap, ensuring you make the most of its features.

Why Trade on iZiSwap?

Trading on iZiSwap comes with several advantages over traditional decentralized exchanges (DEXs):

  • Zero Slippage: Execute trades without worrying about price fluctuations.

  • On-Chain Limit Orders: Set specific trade prices with full control.

  • Multi-Chain Compatibility: Access trading across Ethereum, BNB Chain, Polygon, zkSync Era, and Arbitrum.

  • Efficient Liquidity Use: Benefit from iZiSwap’s capital-efficient DLAMM model.

Step-by-Step Guide to Trading on iZiSwap

Step 1: Visit iZiSwap

Navigate to the official website at iZiSwap Ensure you are on the correct domain to avoid phishing attacks.

Step 2: Connect Your Wallet

To start trading, you need to connect your cryptocurrency wallet. iZiSwap supports popular wallets, including:

  • MetaMask

  • WalletConnect

  • Trust Wallet

How to Connect:

  1. Click the “Connect Wallet” button in the top-right corner.

  2. Select your wallet from the list.

  3. Follow the prompts in your wallet app to authorize the connection.

Ensure your wallet is set to the correct blockchain network for the tokens you want to trade (e.g., Ethereum or BNB Chain).

Step 3: Select a Trading Pair

  1. In the “From” field, choose the token you want to sell.

  2. In the “To” field, select the token you want to buy.

  3. The platform will display the current price and available liquidity for the selected trading pair.

Step 4: Choose Your Order Type

Market Order (Instant Execution)

A market order allows you to trade at the current market price.

  • Enter the amount of the token you want to sell.

  • Review the estimated output of the token you will receive.

Limit Order (Specific Price)

A limit order lets you set the exact price at which you want to execute your trade.

  • Specify the desired price and quantity of tokens.

  • The order will only execute when the market reaches your specified price.

Step 5: Approve the Tokens (If Required)

If you’re trading a token for the first time, you’ll need to approve it for trading:

  1. Click “Approve” next to the token.

  2. Confirm the transaction in your wallet.

  3. Wait for the blockchain to process the approval.

Step 6: Execute Your Trade

For Market Orders:

  1. Click “Swap” to confirm your trade.

  2. Review all transaction details, including fees and slippage tolerance.

  3. Confirm the trade in your wallet and wait for it to process.

For Limit Orders:

  1. Click “Place Order” to submit your limit order.

  2. Monitor the Orders section to track its status.

  3. Once the market price matches your limit price, the order will execute automatically.

Step 7: Verify Your Trade

After the transaction is complete:

  • Check your wallet to ensure the tokens have been received.

  • Use a blockchain explorer (e.g., Etherscan, BscScan) to verify the transaction details.

Tips for Successful Trading on iZiSwap

  1. Monitor Gas Fees: Network fees can fluctuate depending on congestion. Plan your trades during off-peak times to save on costs.

  2. Set Realistic Limit Orders: Ensure your limit price aligns with market trends to increase the chances of execution.

  3. Stay Informed: Use iZiSwap’s tools to analyze price movements and liquidity.

  4. Verify Tokens: Double-check token contract addresses to avoid counterfeit or scam tokens.

Frequently Asked Questions (FAQ)

Q: What makes iZiSwap different from other DEXs?
A: iZiSwap uses a DLAMM model, enabling zero-slippage trades and on-chain limit orders, making it more efficient and user-friendly than traditional AMMs.

Q: What wallets can I use with iZiSwap?
A: iZiSwap supports MetaMask, Trust Wallet, and WalletConnect-compatible wallets.

Q: Can I trade stablecoins on iZiSwap?
A: Yes, iZiSwap supports stablecoins and offers low-fee tiers (as low as 0.01%) for stablecoin pairs.

Q: How do I cancel a limit order?
A: Go to the Orders section, locate the order you want to cancel, and click “Cancel.” Confirm the transaction in your wallet.

Q: Is iZiSwap safe to use?
A: Yes, iZiSwap is a non-custodial platform, meaning users retain control of their funds. Always use secure wallets and verify token contracts before trading.

Conclusion

Trading on iZiSwap is a seamless and efficient experience, thanks to its cutting-edge features and user-focused design. Whether you’re executing instant trades or setting precise limit orders, iZiSwap provides the tools you need to trade confidently and profitably in the decentralized finance ecosystem.

Ready to start trading? Visit iZiSwap and explore the future of decentralized trading today!