Getting Started with ParaSwap
How to Swap Tokens Safely on ParaSwap To trade tokens securely on the platform, ensure your wallet is compatible with Ethereum-based tokens, such as MetaMask or Trust Wallet. Connect your wallet by selecting the wallet option on the interface and following the prompts. Confirm any connection requests that appear in your wallet application. Check the liquidity of the tokens you wish to exchange. Use the built-in price calculator to estimate potential slippage and transaction fees. Acceptable slippage is often between 0.5% to 1%. Adjust the slippage tolerance settings accordingly to avoid unexpected losses. Token Liquidity Slippage (%) Token A High 0.5 Token B Medium 1 Token C Low 2 ParaSwap Fees, Gas Costs & Transaction Speed Explained ParaSwap primarily charges a small fee that ranges from 0.3% to 0.6% on swaps, depending on the specific liquidity provider used during the transaction. Users should review the fee schedule before making any exchanges to ensure transparency. Th...