The list of cryptocurrencies is being bigger day by day. Since the emergence of Bitcoin, thousands of cryptocurrencies have been introduced to the crypto world. Three of these major cryptocurrencies are Shibu Inu (SHIB), Doge Killer (LESH), and Bone (BONE). These currencies are traded like other cryptocurrencies and you can also buy, sell, and trade them easily and quickly. Shiba token was launched in 2021 and it is growing rapidly on the blockchain network. ShibaSwap is a decentralized exchange that is fuelled by more than a single coin. It lets users buy, sell, and trade more than 10,000 unique Shiboshis. Here in this read, we will learn about how ShibaSwap works, what is it, and how to get started on it. So, stay tuned with this reading and head to the next section.
It is a place to provide liquidity to earn, buy, sell and trade 10,000 unique Shiboshis, stake tokens to earn returns, swap one token for another, vote with tBone, and woof your returns. This platform is being managed by Shiba token and anyone can start trading here by following some easy steps. ShibaSwap exchange was founded in 2021 and currently, there are 37 coins and 56 trading pairs. Its 24h volume is reported to be at $22,346,494.69.
As we know now that this decentralized exchange is powered by the Shiba token and it let users perform various functions such as swapping of tokens, liquidity pools, governance, staking, yield farming, and an NFT marketplace. Whenever users use any of these services, they are charged some fees and this fee ShibaSwap takes to keep running their operations.
From swapping a token to a stake to buying tokens and NFTs, there are a lot of functionalities that you can perform on this exchange. To let you swap and stake crypto tokens, ShibaSwap let you earn money. You can also earn rewards by buying NFTs and crypto tokens on this exchange.
How To Perform Different Tasks On Shiba Swap?
Getting started on this exchange is quite easy and you can also do so easily by starting with the wallet connection process. In the next sections, we will learn the way to perform different tasks on Shiba Swap.
To start performing different tasks on this exchange, you are asked to link your wallet. You can connect a previously created wallet or you can create a new wallet. Now, you need to approach the quick steps that are given below to connect your non-custodial crypto wallet. Make sure to provide the wallet password or seed phrase details carefully to avoid any unwanted errors.
Open a browser on your PC and click the URL ShibaSwap
Once you reach this site, navigate to the “Connect Wallet” button and click on it
Now, choose one from MetaMask, WalletConnect, and Coinbase Wallet
Once click on any of the listed wallets, you will be asked to submit the password
If asked, provide the wallet seed phrase details correctly in the corresponding field
Or if required, install the extension and move forward setting your wallet account
Once you finish providing the required details, you need to click the “Connect Now” button
Now, you are ready to start your trading activities on ShibaSwap
Users who have bought a token and added it to their crypto wallet can proceed to swap it on this exchange. This is quite easy and quick and we will also let you know how to do that with the help of these steps:
Open your browser and visit the ShibsSwap.com webpage
If you are already on it, you need to click on the “Swap Token” option
Now, fill up the details in the “Swap From” and “Swap To option
After that, click on the “Confirm” button to complete the swapping process
You can stake cryptos on this exchange with the help of some easy steps. Make sure that you have connected a crypto wallet and then approach the quick steps that are given below to learn how to stake cryptos on the ShibaSwap:
Open the browser of your device and visit its official website
Now, choose the “Stake” button to proceed to the next page
After that, you need to select the cryptocurrency that you want to stake
Once you choose the cryptocurrency, go through the preview
Now, if you are satisfied with the preview then click the confirm button
After that, you will find that the token has been staked in your wallet
You can buy NFT on this exchange easily by following the simple steps that are given below:
Reach the ShibaSwap.com webpage
On this site, you need to find and click the “NFT” option
Now, go through the listed NFTs and choose the desired one
After that, click the “Buy” button to proceed to add it to your account
Now, pay the cost of the NFT using your crypto wallet
Finally, you have purchased NFT successfully
Performing different trading tasks such as staking, swapping, dealing with NFT, and buying Shiba tokens might be difficult without ShibaSwap. But in case you know the techniques to use this exchange, you do not need to wander from here to there and can do all these things on a single platform. Now, the big question comes in, are you facing any type of difficulties while using this exchange? If your answer is yes then we suggest you use the ShibaSwap website on a different browser or check the internet connection of your device. In the end, we are quite sure that this read has helped you to connect your wallet and perform other tasks on ShibaSwap.