1Inch Exchange - The DEX Aggregator to Save Time and Fees
Introduction
One task that many need to make in the crypto space is to swap a token for something else. With so many coins available, it is normal that a certain moment; you need to make a swap.
You can make a swap for the following examples:
- To sell a coin that you don't believe anymore.
- Buy an opportunity that you think has a good chance to increase.
- Get cash for an emergency bill.
Always save fees when you want to swap a token. - Chesatochi.com
DEX aggregator 1inch exchange
I discovered this one lately and used it because I find it valuable and convenient to use.
The aim of this DEX aggregator is to scan the best rate amongst many DEX available on the Ethereum network. You need not stress and spend a huge amount of time to make simple operation for swapping a token.
The scan will search across those DEX:
- MultiSplit
- Oasis
- Kyber
- Uniswap
- Balancer
- Bancor
- 0x Relays
The first step of a swap
Always have in mind two cryptocurrencies that you want to swap for something else. It is something that you perform in 1 operation and is straightforward in the 1Inch Exchange ecosystem.
In this example, I want to swap 18 BAT for 2.57 DAI. You can see that is almost the same amount of money on both sides.
Then when you are satisfied, you need to press the button to unlock in the green box area.
Incredible cool to have the best rate in one scan. - Chesatochi.com
In the image, you can see where you pay the less fee in one transaction. It is important to always pay the less possible in gas, in the long run, you can lose a lot of money if you make a lot of transactions.
Last step
When you unlock the tokens for initialing the transaction. The swap now button will become available.
It is obvious what you need to do at this point. You need to press the swap now and your transaction is waiting to be confirmed on the Ethereum network.
Conclusion
1Inch Exchange is a simple aggregator that helps you to save time, money and a lot of frustration. It is cool to have a tool that scans the best rate among all the DEX on the Ethereum network.
You swap your tokens without the cumbersome KYC or to field a lot of paperwork. In one operation, you receive the tokens you have chosen.
If you want to try this DEX, you can check it at this link.
Chesatochi.com–For the love of crypto and coffee.
PS: I am not a financial adviser, and this is only my opinion. Always do your own research before embracing investment in the crypto space.
Posted from my blog with SteemPress : https://chesatochi.com/1inch-exchange-dex-aggregator-save-time-fees/