In Ambire Wallet you will be able to exchange one cryptocurrency for another through the Swap option. In this article you can find a step-by-step explanation on how you can swap one token for another with the Ambire wallet:
Step 1: Go to the Swap option in the left side menu
Step 2: Select the cryptocurrency you wish to swap from the dropdown menu. You will be able to see the balance you have from the currency you have selected in the value field. Please keep in mind that you will only be able to select currencies which are already part of your Ambire Wallet portfolio.
Step 3: Select the cryptocurrency you wish to swap to from the dropdown menu
Step 4: Click on Swap
Step 5: A window will pop up on your screen, asking you to confirm the swap
Step 6: After clicking on Confirm Swap you will be redirected to a page with a summary of your transaction, as well payment options for the transaction. You can choose to pay the fees with or without the gas tank option, which you can learn more about here. If you wish to enable the gas tank, you can simply go back to your dashboard, click on the Gas Tank tab and move the slider tab to enable it.
If your gas tank is disabled, select the token with which you want to pay the fee, as well as how fast you want the transaction to be executed. Higher fees are charged for faster transactions.
If your gas tank is enabled, you will be able to use only the tokens, which you have previously deposited in the gas tank and you will need to choose the speed of the transaction, which you prefer. The fees section will also show you how much you would save in terms of gas fees by using the gas tank.
Step 7: After Clicking on Sign and Send, you will be presented with a confirmation option, depending on your sign-in method:
- Email login: In order to confirm the transaction you will be asked to type in your password, as well as a one time password (OTP) which will be automatically sent to the email address you registered with or a 2FA authentication code if you have activated your 2FA authentication. Please keep in mind that the seed phrase is active only for 3 minutes.
- Metamask: A metamask window will automatically appear, in which you can confirm the transaction
- Ledger and Trezor: You will need to confirm the transaction in your hardware wallet
Step 8: After confirming the transaction, you will receive a message in the bottom of your screen saying that the swap is successful. You will also be able to see the transaction in your history under the Transactions tab.
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