Swap safely
Polygon
Tron
Ethreum
cryptocurrencies
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 WhiteSwap DEX coin (WSD) can be a convenient and easy way to diversify your cryptocurrency portfolio or take advantage of market fluctuations. This process involves exchanging one cryptocurrency for another through a decentralized exchange (DEX) or a centralized exchange platform. Since WSD is the native coin of WhiteSwap, let’s see how to buy it for Ethereum on its own platform.
How to swap ETH to WSD / WSD to ETH
To swap ETH to WSD or WSD to ETH, you can use a DEX platform supporting both coins. Liquidity is very important here, so the best option is WhiteSwap DEX. This is the parent exchange of WSD coin, so trading it here is the best option.
First, you will need to connect your Ethereum wallet to the platform and approve the transfer of ETH to the DEX. You can then swap your ETH for WSD by selecting the relevant trading pair and entering the amount you wish to exchange. The platform will automatically calculate the exchange rate and the resulting amount of WSD you will receive.
You can also use a centralized exchange where WSD is listed. Once your account is verified, you can deposit ETH or WSD into your Binance wallet and trade these cryptocurrencies on the platform. The trading process is similar to that of a traditional stock exchange, with buy and sell orders executed by the platform. However, this option is not considered safe, because you don’t fully own your funds on a centralized exchange. So, WhiteSwap DEX is still the best option.
Swap fees: how much does it cost to swap ETH to WSD / WSD to ETH
DEX platforms typically charge a network fee to process the transaction, which is paid in ETH (or any other coin, related to the blockchain you are using). This fee is usually lower than the fees charged by CEX platforms, which may include trading fees, deposit and withdrawal fees, and network fees. When trading on DEX, you only pay a small swap fee and flat blockchain gas fee.
Gas fees don’t vary depending on the size of the transaction, it’s always around $3-7 per transaction. Swap fees on most DEXs, including WhiteSwap, are 0.3% of the trade amount.
Tips for successful swaps ETH to WSD / WSD to ETH
Here are some tips to ensure a successful swap:
- Double-check the wallet addresses to avoid sending cryptocurrency to the wrong address.
- Take into account the network fees when calculating the total cost of the swap.
- Update the price before clicking swap to ensure that you get the desired exchange rate and avoid slippage.
Benefits of swapping ETH to WSD and WSD to ETH
Swapping ETH to WSD or WSD to ETH can offer a range of benefits, including:
Table of benefits
| Benefit | Description |
| Diversification of portfolio | Purchasing tokens like WSD can help diversify your cryptocurrency holdings. |
| Access to WS features | Purchasing WSD can give you access to WhiteSwap governance and other features available exclusively for WSD holders. |
| Potential for higher gains | WSD is relatively new and promising altcoin, so swapping ETH to WSD can take advantage of market fluctuations for potential gains. |
Where to swap ETH to WSD / WSD to ETH
You can swap ETH to WSD (or WSD to ETH) on any platform supporting both assets, but it’s recommended to trade this pair on WhiteSwap, because there is likely to be the most liquidity.
Use the direct link to the pair.
Is it safe to swap ETH to WSD / WSD to ETH
Swapping ETH to WSD or WSD to ETH carries some risks, as with any cryptocurrency transaction. However, common practices for secure trading can minimize these risks.
As mentioned before, make sure to research the platform before using it and check for any past security breaches or issues. Also, always double-check the wallet addresses to avoid sending cryptocurrency to the wrong address. Additionally, keep your private keys secure and do not share them with anyone.
Conclusion
Swapping ETH to WSD or WSD to ETH can be a convenient and easy way to diversify your cryptocurrency portfolio and open WhiteSwap features.. It is important to choose a reputable platform, calculate fees, and follow best practices for secure trading to minimize risks. By doing so, you can take advantage of the benefits of swapping Ethereum to WSD and potentially earn higher gains.
FAQ
WSD is a native utility token of WhiteSwap DEX, which is part of WhiteBIT — the largest crypto exchange in Europe.
Swapping ETH to WSD or WSD to ETH can offer a range of benefits, including diversification of portfolio, access to new markets, and potential for higher gains.
You can use any Ethereum wallet that is compatible with the platform you choose to swap on. Most exchanges support MetaMask and Trust Wallet, so you may choose one of them.
The time it takes to complete a swap depends on the platform used and the current network congestion. On DEX platforms like Uniswap or WhiteSwap, the transaction can be completed in a matter of minutes.
No, you can trade any amount of tokens if there is enough liquidity.
You set the amount of tokens to swap before you confirm the trade. For example, if you accidentally entered 11 ETH instead of 1, then you will receive 11 times more WSD.
Cryptocurrency exchanges do not charge a transaction tax. DEXs also don’t store or share users’ personal information with governments, so you are responsible for paying these taxes yourself.