New to onchain crypto trading? Get to know your way around Matcha DEX aggregator and save money on every trade with fast, efficient token swaps, limit orders and cross chain trades!
Trading on a decentralized exchange (DEX) lets you swap tokens straight from your crypto wallet without ever trusting your funds to a third party. Trades complete in seconds with everything recorded onchain, so it can be more secure than other methods and you’ll avoid hefty withdrawal fees.
It may seem complicated at first, but this quick intro to Matcha will show you just how easy it is!
What is a DEX?
DEXs are programs that let you trade instantly without having to create and manage an account like on a centralized exchange (CEX), or finding someone willing to trade peer to peer (P2P).
By coordinating trades automatically using smart contracts that tap into assets pooled together by decentralized users, DEXs offer efficient trade settlement while maintaining competitive pricing through market forces such as arbitrage.
Instead of depositing your crypto into custody of a CEX and then using their platform to trade, you can use your wallet to connect to a DEX and trade using pooled assets directly, retaining ownership of your assets at all times.
Matcha connects you to hundreds of these DEXs at once to make sure you get the best experience at great value. Let’s look at what you can do with Matcha!
Finding tokens on Matcha
There are over 6 million tokens on Matcha, with more added every minute! To make sure you can always find what you need, we created one of the fastest search engines in Web3!
To get to the token you want to trade, you just need to enter a name, symbol, or contract address into the search bar. You can also filter by chain if you need to further refine the results.
Just browsing? The Matcha homepage is broken down into several sections to give you inspiration.
You'll find the most popular tokens by volume, trending tokens which have seen significant trading activity (which can be filtered by chain to give you a more granular view of what’s hot on each network), and finally, we show what's being traded right now with Recent Trades!
Market swaps: instant trades between tokens
Supported blockchains: Ethereum, Polygon, Arbitrum, Base, Optimism, Binance Smart Chain, Avalanche, Fantom, Celo
Fees: No added fees using manual settings. 0.25% with gasless and MEV protection.
Swaps are instant trades of one token for another, on the same blockchain. Matcha calculates an optimal trade route through all DEXs to get you an accurate price before you swap, taking into account factors such as the price impact of your order based on available liquidity, and the network fees used to process the transaction. The only surprise waiting for you is how easy and cheap it is!
Step-by-step guide to swap crypto
If you wanted to exchange Ethereum to USDC, you would:
- Go to Matcha and click Connect to choose a wallet to trade from.
- Select Ethereum from the homepage or use the search bar.
- Choose USDC as the Buy token.
- Enter an amount to sell or buy. You can also input a dollar value.
- Click Review Order.
- Check the details of your trade, then select Place Order.
- Sign the transaction using your wallet app.
Your trade will complete in a few seconds, as the transaction is submitted to the blockchain, and the USDC tokens should arrive in your wallet. Congratulations, you just completed an onchain trade!
Trading without fees
You will always need to pay a network fee when you trade onchain. By default, Matcha abstracts this away so that you can swap tokens without gas, by paying the network fee with the token you’re selling instead.
Gasless trading costs 0.25%, as it’s a special feature that ensures you never end up stuck without gas for network fees. You can disable it and swap for free by using custom settings, where you set network costs and slippage on your own. This is a more advanced method, so read our blog Trade crypto for free for more details.
Cross chain swaps: trade crypto across networks
Supported blockchains: Ethereum, Polygon, Arbitrum, Base, Optimism
Fees: No added fees. Individual bridges may charge fees.
Usually when you want to move crypto from one blockchain to another, you need to use a bridge. Crypto bridges tend to be slow, expensive and unreliable, and once you’ve bridged, you still need to make a swap to get the token you wanted.
Cross chain swaps combine Matcha’s industry leading swaps with a bridge aggregator to get you a competitive and quick route from one network to another, all in one action. Just choose a token to pay with, then say what you want and where you want it, and Matcha will do the rest!
Step-by-step guide to bridge crypto
In this example, we’ll bridge USDC on Ethereum to WETH on Base.
- Go to Matcha and click Connect to choose a wallet to trade from.
- Select USDC on Ethereum from the homepage or use the search bar.
- Choose Base from the network list and then set WETH as the Buy token.
- Enter an amount to sell or buy. You can also input a dollar value.
- Click Review Order.
- Check the details of your trade, then select Place Order.
- Sign the transaction using your wallet app.
Your trade will take a few minutes to complete as bridging takes longer than a regular swap. In the meantime, you can continue trading!
Limit orders: name your price!
Supported blockchains: Ethereum, Polygon, BNB Chain.
Fees: No fee to create and no maker fees. Takers who fill your trade or set a limit at market rates pay fees.
Limit orders let you name your price and wait for the market to move in your favor. That means they’re a great way to catch market dips or sell tops, especially since they cost nothing to create and if your price isn’t met they expire after a time you choose.
There are many ways to use limit orders as part of a robust strategy. You can even set multiple limit orders ladder-style to buy or sell at different price points and average in or out of a position.
Step-by-step guide to crypto limit orders
In this example, we’ll try to catch a dip with a WETH limit order!
- Go to Matcha and click Connect to choose a wallet to trade from.
- Select USDC from the homepage or use the search bar.
- Choose WETH as the Buy token.
- Enter an amount to sell or buy.
- Set a limit price that you want your trade to execute at or use the shortcuts.
- Set an Expiry time after which you want the offer to cancel if not filled.
- Click Review Order.
- Check the details of your trade, then select Place Order.
- Sign the transaction using your wallet app.
You can cancel a limit order before the set Expiry time, but will need to send another smart contract transaction which will cost some gas fees.
Crypto trading made fast and easy
With Matcha, you can trade over 6 million tokens on 9 networks with the best prices on swaps, quick cross-chain trades and simple onchain limit orders all in one place.
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