Step 1: Choose the token and the amount you want and click the “Swap Now” button.
Step 2: If this is the first time you swap a token on Krystal, you will need to make an Approve transaction. It allows Krystal Smart Contract to interact with your token.
You only need to do this once for each token.
Step 3: Confirm
A window will pop up to show you all the information you need to confirm to make a transaction.
* Note: Every swap transaction on Krystal is processed directly on the Ethereum blockchain thus, they will cost some ETH for gas. The amount of gas may vary depending on the Ethereum blockchain.
After that, your transaction will be broadcasted to the blockchain. The token you want to receive will be sent to your wallet directly, all in one transaction.
If you want to customize your transaction more, you can do so by click on the Settings button. You will be able to set up the Gas fee, Acceptable rate, and CHI token:
- Gas fee: The more you pay the faster your transaction. The gas fee is updated according to ethgasstation.info, you could refer to the transaction time there.
- Slippage rate: By default, the rate is 3%, which means if the price goes down more than 3% when processing, the transaction will be canceled to protect the user from loss. You could customize this rate freely based on your reference.
- CHI token: Enable CHI token to save up to 40% on the gas fee. CHI token is automatically consumed from your wallet if available.