About Quickswap Decentralized Exchange
For the sake of beginners in the space, I will briefly go over what QuickSwap is so that we will be on the same page. QuickSwap is a decentralized exchange on Polygon Network. QuickSwap is known particularly for its negligible gas fee, high throughput, fast block processing speed, security, excellent user and user interface and Quickswap token(QUICK) is on the list of Dex Tokens with the most use cases. See the table below.
Similar to other DEX like Uniswap, to be able to access and interact with the features on the Dex, you will have to connect your wallet to the Dex. Quickswap, at the time of writing this article, supports these wallets;
- MetaMask (I wrote an article on this)
- Trust Wallet ( Here is a guide)
- Coinbase Wallet
Ready to jump right in? Let’s Dig in!
Step 1– Install the Coinbase wallet Extension to your Chrome. You can either choose to create a new wallet or import an existing wallet ( That’s if you already have a wallet), all you need to do is, input your seed phrases and this automatically imports your wallet details and assets to Coinbase.
Step 2: Change your wallet network from Ethereum Network to Polygon Network. Guess you know why we are changing from Ethereum to Polygon? it is because QuickSwap’s main network is Polygon. Fund your account!
📝 You will need a tiny amount of Matic for the transaction fee. Also, every token you will be using on the DEX should be on Polygon Network. Some centralized exchanges allow direct withdrawal or deposit of Polygon Mainnet Tokens.
Step 3– The next line of action is, to open a new tab on your browser. Head over to the QuickSwap Interface to connect your Coinbase wallet( You will see a list of wallets supported by QuickSwap). Click on coinbase on the list. To confirm if your wallet has been successfully connected to the website. If it is connected, you will see some parts of your wallet address appearing visible at the top-right corner of the website.
As shown in the mark-up area of image 4 below.
You are now ready to use Quickswap for different mind-blowing stuff. You can also check out the QuickSwap Medium page for everything you need to know to help you better your knowledge of the exchange. Interesting tutorials, the important and most common “HOWTOs” such as:
How to Stake QUICK in the Dragon’s Lair or Dragon’s syrup.
How to list any ERC 20 token on Quickswap
How to rectify pending transactions on Polygon Network. etc.
You can also use your coinbase mobile app to connect to the Quickswap interface, the only difference is, that you will have to download the mobile version from the Google PlayStore or the AppleStore.