on WS Exchange
WhiteSwap is a decentralized exchange platform that offers a secure and user-friendly environment for users to trade various digital assets. It is designed to provide fast and efficient trade execution, making it a popular choice among cryptocurrency traders and investors.
Swapping Ethereum (ETH) to TrueUSD (TUSD) or vice versa is a simple and convenient way to convert your digital assets. TrueUSD is a stablecoin, meaning it is pegged to the value of the US dollar, making it a popular choice for traders and investors who want to avoid the volatility of cryptocurrencies like ETH.
How to swap ETH to TUSD / TUSD to ETH
Swapping ETH to TUSD or TUSD to ETH is easy and can be done on various decentralized exchanges or DEXes such as Uniswap, SushiSwap, or Curve. The process involves sending your ETH to a smart contract and receiving TUSD in return (or vice versa, of course, this works in both directions).
To swap ETH to TUSD or, vice versa, TUSD to ETH, follow these steps:
- Connect your digital wallet to a DEX.
- Select the tokens you want to swap.
- Enter the amount you want to swap.
- Approve the transaction and confirm the swap.
Swap fees related to a swap
Swapping ETH to TUSD or TUSD to ETH incurs a fee, which varies depending on the DEX and the current market conditions. Some DEXes charge a flat fee, while most others use a percentage-based system.
Table of fees:
|DEX||Fee Type||Fee Amount|
|WhiteSwap (recommended option)||Percentage-based||0.3% of any swap|
|Uniswap (popular)||Percentage-based||0.3% of any swap|
|SushiSwap (alternative)||Percentage-based||0.3% of any swap|
Note: the fees mentioned above are swap fees, but there are also gas fees that are charged automatically, regardless of platform. Transaction (gas) fees in the Ethereum network can vary from $2-3 to $5-8.
Tips for successful swaps ETH to TUSD / TUSD to ETH
To ensure a successful swap, consider the following tips:
- Check the current market conditions and compare the fees across different DEXes.
- Use a reputable DEX that has high liquidity and low slippage.
- Make sure you have sufficient funds in your wallet to cover the transaction fees.
- Double-check the token addresses to avoid sending your tokens to the wrong smart contract. Some scammers create fake tokens with same logo and name to confuse traders.
Benefits of swapping Ethereum to TrueUSD
Swapping ETH to TUSD or TUSD to ETH can offer several benefits. By the way, all of them are also relevant to other stablecoins, such as USDT or USDC.
Table of benefits
|Stability||TUSD is pegged to the US dollar, providing a stable value for traders. You can buy TUSD for ETH to survive the bearish market.|
|Diversification||Stablecoins are called stable, but there are still some risks related to their issuers. So, it’s a good idea to hold different stablecoins, not just one.|
|Lower fees||DEXes typically have lower fees compared to centralized exchanges. So, you don’t loose much anyway.|
Where to swap ETH to TUSD / TUSD to ETH
There are several DEXes available to swap Ethereum and True USD, including:
- And others
Basically, TUSD is a popular coin, so it can be bought and sold on any decentralized exchange supporting Ethereum network.
Is it safe to swap tokens on DEX?
Swapping ETH to TUSD or TUSD to ETH on a DEX can be safe as long as you take the necessary precautions, such as using a reputable DEX, double-checking the token addresses, and keeping your private keys secure. However, DEXes do carry some risks, including the possibility of smart contract bugs or price manipulation. To avoid this, check if a DEX has been audited, and has enough liquidity for this pair.
Swapping ETH to TUSD or TUSD to ETH can provide a stable value for traders and investors, as well as lower fees and increased security compared to centralized exchanges. By following the tips mentioned above and using a reputable DEX, you can successfully swap your tokens and take advantage of the benefits that come with it. As always, it’s essential to do your research and stay up to date on the latest developments in the cryptocurrency market to make informed decisions.
TUSD, or TrueUSD, is a stablecoin that is pegged to the value of the US dollar. It is designed to provide traders and investors with a stable alternative to volatile cryptocurrencies like ETH. It is the #5 USD-backed stablecoin, ranked by market cap.
You can swap ETH to TUSD or TUSD to ETH on various DEXes, such as WhiteSwap. The process involves sending your tokens to a smart contract and receiving the other tokens in return. You can also use centralized platforms, but it’s not recommended.
The cost of swapping ETH to TUSD or TUSD to ETH varies depending on the DEX and the current blockchain load. Some DEXes charge a flat fee, while others use a percentage-based system. Check the fee table above for more information.
Swapping on a DEX can be safe as long as you take the necessary precautions, such as using a reputable DEX, double-checking the token addresses, and keeping your private keys secure. In general, DEX is the safes way to exchange tokens. However, DEXes do carry some risks, and you still need to be careful.
The time it takes to complete a swap depends on the blockchain network’s congestion and the DEX’s processing speed. Swaps on Ethereum can take anywhere from seconds to minutes.
Swapping these two cryptocurrencies can provide a stable value for traders and investors, as well as increased security compared to centralized exchanges. The key benefits were listed in the table above. Scroll up to review it.
Yes, you need a crypto wallet that supports both ETH and TUSD to swap the tokens on a DEX. The wallet also needs to be supported by the chosen DEX. Examples of popular digital wallets that support ETH and TUSD include MetaMask and Trust Wallet.
Yes, you can trade many other tokens as well, but they must be listed by the platform, and have added liquidity. Check the DEX’s supported tokens before initiating a swap. There may be from tens to thousands of tokens available.