Have you heard about Limit Order? Well! This is an order type that is available on some platforms to ease traders by letting them choose a specific or better price for their tokens.
If you are a KyberSwap user, you should know that KyberSwap also provides such a facility for its users. They can swap their tokens by having better control over the prices and capital efficiency. If you are also excited to swap your tokens on your preferred choices, you should learn the method of implementing a limit order.
So! KyberSwap users! Do you know, how to do this? Don’t worry, if you are not familiar with the process of implementing limit order, I will let you know in detail. All you have to do is stick to this read further.
Look at the step-by-step guide to swap tokens with limit
- Connect Your Wallet:
First, you need to connect your Web3 wallet with the KyberSwap and after this, navigate to the network selector button and pick up your preferred network from the prompted list. This network selector can be found at the top-right corner of the homepage of the KyberSwap labelled with the currently selected network.
- Open Limit Order Page:
In order to do this, you should visit the “Swap” page of KyberSwap and after this tap on the button “Limit”. It will take you to the interface of limit order.
- Specify swap pair:
On the Limit page, you can search for your preferred swap pair, if you are not getting those coins in the prompted list, you can search for them by inputting the token name in the search field. You can use the CTRL+K shortcut key to open the search space on your desktop.
- Configure order amount:
On the next page, navigate to the “You Pay” section and input the amount manually there that you desire to offer. Do remember, your connected wallet has sufficient balance to cover the offer. If it is not so, first fund your wallet before proceeding.
- Configure order price:
Set the price of your token as per your choice and input it in the field “Sell [token name] at rate” manually. Have a look at the displayed calculated amount that you will receive in the “You receive” tab. KyberSwap also provides the facility to check the percentage estimate of how favourable or unfavourable it can be according to the current market.
- Specify the time limit of your order:
Fill in the section “Expires in” as if you don’t provide the end time limit to your swap, your swap will get cancelled.
- Approve contract to spend tokens:
Go through the details and hit the below-given “Approve [Token name]” button. It will show you a prompt compiled with swap details; have a look and provide the confirmation by hitting the “Place order” button.
And after a while, you will be able to see your placed order under the “Active orders” section.
The Bottom Line!
KyberSwap allows you to swap with your own terms of trading as well as you can also swap at the best rates without placing a limit order. I have explained the intact guidance on swapping your tokens with KyberSwap by implementing a limit order. So, if you also want to swap at your preferred rates, make use of this read.