This content is for educational purposes only and should not be considered financial advice or an inducement to buy, sell, or trade crypto assets.
With Magic Eden’s in-app swaps, you can seamlessly and securely exchange cryptocurrencies—even across different blockchains. A swap allows you to trade one cryptocurrency for another as a specific rate. This guide will show you how.
Explaining the Swap page
To navigate to the Swap page, click on the Swap icon on the bottom navigation. Lets go over the different elements of the Swap page next.
Selecting your tokens to swap
In a swap, you will be exchanging one token for another. The token shown at the top is called the "From" asset. This is where you will select a token you have a balance of.
The token below it, is known as the "To" asset. This is the token you will receive in exchange of the "From" asset.
To change either the "From" asset or "To" asset, click the down arrow icon next to the asset to open up the "Select Asset" modal. The modal will show a list of your current holdings and a list of popular tokens. You can search for a specific token by pressing the magnifying glass icon and searching by either token name or contract address.
Frequently Swapped Tokens
At the foot of the Swap page, you’ll see a dynamic list of tokens often paired with your selected "From" asset. It updates automatically to highlight the tokens most frequently swapped to from the one you’ve selected.
Flipping the assets
Use the up and down arrow icon in between the "From" and "To" asset to conveniently flip the two assets. The "From" asset will become the "To" asset and the "To" asset will become the "From" asset.
Swap settings
Click the slider icon to open the Swap settings. Refer to this article for more detailed information on configuring your Swap settings.
Token Balance
Next to the wallet icon will be your current balance of the selected "From" asset and "To" asset on the current active account.
Preset amount buttons
Quickly input 25%, 50%, or 100% of your "From" token's balance using the preset amount buttons.
Value in specified currency
The approximate value of the currency you will receive is also shown in your specified currency.
How to complete a swap
Select the desired "From" and "To" assets.
Configure your swap settings to your desired preferences.
Input the desired amount you wish to swap.
After selecting the assets and amounts, the app will give you a "quote". You will see approximately how much of the "To" asset you will receive when you exchange the inputted amount of "From" asset (+- slippage).
Other swap information such as the "Rate", "Slippage", and "Price Impact" will be displayed.
Once you have reviewed the swap information and are ready to start the swap, press the "Swap" button.
A swap progress modal will show that display the current status of the swap and other swap information.
After some time, your swap should complete successfully.
Swap progress modal
After starting a swap, a popup modal will show the swap's progress and current status. It will include information about the swap including the Swap ID which is a unique identifier you can provide Magic Eden support to look up your specific swap transaction.
Swap history
Your current swap and past swaps will show in the History page of the app. You can reach History from the Portfolio page and then clicking the "History" button at the top.
Swap details
From the History page, you can select on a specific swap to open up its swap details. Here you will find information similar to what is found on the swap progress modal, including the Swap ID.
More swap info
Third-party providers
Swaps are executed through our third-party swap providers. Read more about our them in this article.
Network or gas fee
You must pay a network fee for each swap like any other blockchain transaction.
Platform fee
Magic Eden charges a platform fee on all swaps. This fee is included in the final quote displayed before you confirm the transaction.
For cross-chain swaps, the fee is 2%, while same-chain swaps incur a 0.8% fee.
Available pairings
Most but not all asset pairs are available for swapping. This is dependent on the available liquidity.
This guide provided an overview of how to use the in-app swaps in the Magic Eden App. If you have any questions, feel free to reach out to our support team by clicking on the chat widget.