QuickSwap Review 2023
QuickSwap is a popular decentralized exchange created by Roc Zacharias in 2020.
It runs on 1 different chains including Polygon.
QuickSwap offers features such as liquidity mining, limit orders, prediction markets, yield farming, spot trading and more.
We rated QuickSwap 4.5/5, based on it's features, security, and future prospects.
QuickSwap allows you to earn passive income by providing liquidity. You're given LP tokens in return, which are interest bearing. The interest comes from trading fees generated by QuickSwap.
Limit orders are trades that execute at a specified price. They're great for executing trades while you're away from your computer. QuickSwap handles the execution for you, and you may incur lower transaction fees than if you market buy/sell.
They offer prediction markets. Simply guess the direction of a token's price, and win crypto. This can be fun, and it's a user friendly experience. However, it's often better to simply trade on via the DEX.
Hosts incentivised yield farms. You can earn boosted rewards from staked LP tokens. This is a great way to earn more crypto. Projects put up tokens for you to earn, often for marketing efforts.
This means you can buy and sell the real thing. Actual crypto. Not a futures contract or derivative.
All DEXs charge trading fees. QuickSwap is no different.
Trading fees incentivise liquidity providers to provide liquidity to QuickSwap. This enables people like you to freely trade between tokens without incurring too much slippage.
QuickSwap does not charge withdrawal fees.
DEXs, generally, do not require you to deposit funds onto them. Therefore there is nothing to withdraw. This is one of the many great things about dencentralized exchanges. You get to be the sole custodian of your funds.
How to use QuickSwap?
- Get a crypto wallet that supports web3 on one QuickSwap's of supported chains.
- Deposit crypto into the wallet, ensuring you have tokens for gas
- Navigate to QuickSwap's homepage
- Connect your wallet to the website
- Goto Swap/Trade
- Choose a token that you'd like to swap to
- Finally, swap!
Where can I buy QUICK ?
You can by QUICK direct from QuickSwap. It is the native token of QuickSwap, and they will therefore offer the most liquidity.
Is QuickSwap safe?
Yes, QuickSwap is safe to use. However, you should be aware that crypto trading carries inherent risk. dApps are vulnerable to exploits, so make sure to DYOR before investing.
What chains do QuickSwap support?
QuickSwap supports Polygon.