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How To Use A Decentralised Exchange
Feel Like A Web3 Pro And Want To Up The Ante By Using A DEX?
Choosing A DEX
First you'll need to choose the DEX you use, a common choice is Uniswap. Here you should consider fees, slippage and security.
Do Your Research
It's very important when using a DEX to know what your buying as DEX's have less regulation so there are more scam and rug tokens available, make sure you do the following checks on them.
- The founders, whats their background?
- The project itself, whats the roadmap? What is the utility?
- The code, check out the smart contracts to see if they are malicious.
Connect Your Wallet And Purchase
After you pick the token and connect your wallet all that is left is to purchase your desired amount.
Look at that, you're now ready to use a DEX, like most of Web3 it is not that difficult so enjoy.