YouWallet download link: youwallet.live
As the portal of Web3, YouWallet currently supports ETH, BSC, HECO, POLYGON, FANTOM and other major public chains. In current DeFi ecology, DEX (decentralized exchange), lending (mortgage), Vault (automated reinvestment) can be regarded as the three essential elements to start web3.0.
DEX - the trading market, which provides asset circulation for the ecology, and is the main place for spot exchange in decentralized market.
Lending - the role similar to a bank, which provides mortgage services to amplify capital efficiency.
Vault - the auxiliary tool, which is an automated reinvestment protocol developed based on other protocols to simplify the operation process and amplify the yields.
The operation of trading tokens in the wallet needs to be realized by DEX.
Basically, each public chain has a representative DEX, and the head DEX of each public chain is as follows:
ETH - Uniswap
BSC - Pancakeswap
HECO - Mdex
OEC - Cherryswap
Polygon - Sushiswap
Avalanche - TraderJoe
Trading process of spot exchange in YouWallet
- Gas fee preparation
Unlike centralized exchanges, the trading process using decentralized wallets takes place on the blockchain, so it is necessary to prepare a certain amount of mainnet tokens as gas fees, which can be simply understood as trading fees.
Different public chains have different mainnet tokens. Common public chains and corresponding mainnet tokens + centralized exchanges supporting withdrawals are as follows:
ETH - ETH - Huobi, Binance and OK supported
BSC - BNB - Binance
HECO - HT - Huobi
OEC - OKT - OK
Polygon - MATIC - Huobi and OK
Avalanche - Huobi and OK
The ETH public chain has always been charging the highest gas fee, and it is often referred to as the noble chain. Generally, the gas fee for a transfer may reach dozens of US dollars. Except for ETH, the gas fee for general token transfers on other EVM public chains is usually not higher than $1.
- Assets withdrawal
Prepare the assets to be traded and withdraw them into YouWallet. Be careful not to choose the wrong public chain.
- DEX trade
Taking BSC public chain as an example, prepare gas fee and assets in the wallet to buy a certain token.
Switch YouWallet to BSC public chain, and you will find Pancakeswap in the DEX list on “Discover” page; Click to enter the link wallet on the homepage:
YouWallet download link: youwallet.live
As the portal of Web3, YouWallet currently supports ETH, BSC, HECO, POLYGON, FANTOM and other major public chains. In current DeFi ecology, DEX (decentralized exchange), lending (mortgage), Vault (automated reinvestment) can be regarded as the three essential elements to start web3.0.
DEX - the trading market, which provides asset circulation for the ecology, and is the main place for spot exchange in decentralized market.
Lending - the role similar to a bank, which provides mortgage services to amplify capital efficiency.
Vault - the auxiliary tool, which is an automated reinvestment protocol developed based on other protocols to simplify the operation process and amplify the yields.
The operation of trading tokens in the wallet needs to be realized by DEX.
Basically, each public chain has a representative DEX, and the head DEX of each public chain is as follows:
ETH - Uniswap
BSC - Pancakeswap
HECO - Mdex
OEC - Cherryswap
Polygon - Sushiswap
Avalanche - TraderJoe
Trading process of spot exchange in YouWallet
- Gas fee preparation
Unlike centralized exchanges, the trading process using decentralized wallets takes place on the blockchain, so it is necessary to prepare a certain amount of mainnet tokens as gas fees, which can be simply understood as trading fees.
Different public chains have different mainnet tokens. Common public chains and corresponding mainnet tokens + centralized exchanges supporting withdrawals are as follows:
ETH - ETH - Huobi, Binance and OK supported
BSC - BNB - Binance
HECO - HT - Huobi
OEC - OKT - OK
Polygon - MATIC - Huobi and OK
Avalanche - Huobi and OK
The ETH public chain has always been charging the highest gas fee, and it is often referred to as the noble chain. Generally, the gas fee for a transfer may reach dozens of US dollars. Except for ETH, the gas fee for general token transfers on other EVM public chains is usually not higher than $1.
- Assets withdrawal
Prepare the assets to be traded and withdraw them into YouWallet. Be careful not to choose the wrong public chain.
- DEX trade
Taking BSC public chain as an example, prepare gas fee and assets in the wallet to buy a certain token.
Switch YouWallet to BSC public chain, and you will find Pancakeswap in the DEX list on “Discover” page; Click to enter the link wallet on the homepage:
Click "trade" at the bottom left of Pancake homepage to enter the "swap" page.
When purchasing tokens, first select the assets to be costed and the assets to be purchased. After entering the amount, click [Swap], and a pop-up window will appear on the page. Click [Confirm] to pop up a window for trade confirmation in the wallet, showing the details of the gas fee. Click Confirm button and enter the password as prompted.
- Note: As the price and exchange rate of the token fluctuate in real time, when confirming the swap, there may be a prompt of price fluctuation. If so, click Confirm button.
After the password is entered, the trade will start to be operated and packed, and the wallet will pop up the prompt of [Broadcast Succeeded]. After a few seconds, the trade success prompt will also appear in Pancake. The prompt indicates that the trade is completed, and you can find the latest token amount when you return to the Assets homepage of the wallet. At this point, a spot exchange is completed.
