Introduction
Cross-chain swaps enable permissionless trading of thousands of cryptocurrencies across multiple blockchains. Access this feature via the Bitcoin.com Wallet app under: Home > Verse Explorer > Verse DEX > Swap.
Step-by-Step Guide to Cross-Chain Swapping
Within the Bitcoin.com Wallet App
- Navigate to Verse DEX from the app menu.
- Select tokens for swap and confirm the transaction.
- Receive swapped tokens directly in your connected wallet.
Outside the Bitcoin.com Wallet App
- Connect a Web3 wallet (e.g., MetaMask) to Verse DEX.
- Choose source and destination chains/tokens.
- Approve gas fees and finalize the swap.
Supported Blockchains
Verse DEX currently supports:
- Ethereum
- Polygon
- Avalanche
- Binance Smart Chain
Example: Swap USDC on Avalanche for fxVERSE on Polygon.
Key Considerations
Fees
- Exchange Fee: Varies by chain and token volume.
- Service Fee: 2% of swap amount.
- Network Fee: Dependent on blockchain congestion.
Swap Limitations
- Token Restrictions: Subject to liquidity availability.
- Amount Limits: Maximum swap size depends on token pairs.
👉 Learn about gas optimization
FAQs
1. Can I cancel a cross-chain swap after initiation?
No. Verify all details before confirming.
2. How long do swaps take?
- Same-chain: Seconds.
- Cross-chain: Up to 30 minutes (due to bridging).
3. Are swapped tokens sent to a different wallet?
No. Tokens arrive in the connected wallet address.
4. Is slippage a factor?
Yes. Verse DEX enforces a 3% slippage limit to mitigate volatility risks.
5. How are failed swaps handled?
- Pre-bridge failure: Funds remain in the source wallet.
- Post-bridge failure: Automatic refund to the destination wallet.
Additional Features
- Liquidity Provision: Contribute to pools (future updates may expand options).
- New Tokens: Added automatically upon liquidity availability.
For support, contact: [[email protected]](mailto:[email protected]).
Note: Always check wallet balances post-swap for verification.