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How To Use iSwap: A Detailed Guide

Coin98 will guide you on how to use iSwap exchange - a tool which helps you experience a transaction quickly with cross-chain at Coin98 Wallet.

LilYang

Published Sep 28 2021

Updated Jun 21 2023

6 min read

Time is gold, while the price is changing on the market, the fast transaction speed will help you get the most profit. In this article, I will guide you step by step how to use iSwap exchange - a tool that helps you experience a transaction quickly with cross-chain at Coin98 Wallet.

Overview about iSwap

iSwap is a cross-chain transaction, built on Binance Smart Chain, HECO Chain, Polygon, Ethereum và OKExChain platform. iSwap is now the first trading tool with transaction times in seconds. This is one of the best options if you want your transaction to be done quickly and efficiently.

With high security, low transaction fees, and fast speed features, you can experience your transaction completed in 3 seconds which is 6-15 times faster than normal transactions, which leads you to optimize profits to the highest level.

Prepare before experiencing on iSwap

Download and install Coin98 Wallet

Mobile Wallet

iSwap is now available on Coin98 Mobile Wallet for both iOS and Android users: https://coin98.com/wallet

Read details on how to install Coin98 Wallet or watch the tutorial video below:

Extension Wallet

Coin98 Extension Wallet now supports both Chrome and Firefox.

Create a Wallet

iSwap is built on Binance Smart Chain, HECO chain, Polygon, Ethereum, and OKexChain platform. Therefore, to be able to use the services that these platforms provide, you need to own at least one of the following wallets:

Binance Smart Chain (BNB, BEP20).
HECO chain (HT, HRC20).
Polygon ( MATIC PRC20).
Ethereum ( ETH ERC20).
OKExChain (OKT KIP10).

You also can import your wallets from other platforms to Coin98 Wallet and I recommend using Multi-chain wallets for easy interaction and management. You can follow the instructions below to create wallets.

In the case you want to convert your tokens to BEP20 or ERC20 standard, I recommend you use Cross-Chain Bridge to convert your token from TRC20 to ERC20 or BEP20.

Prepare Gas Fees

Gas fees will be calculated by the father token in the corresponding chain as follows:

On Binance Smart Chain gas fee will be calculated in BNB (BEP20).
On HECO Chain gas fee will be calculated HT (HRC20).
On Polygon gas fee will be calculated MATIC.
On Ethereum gas fee will be calculated ETH (ERC20).
On OKExChain gas fee will be calculated OKT (KIP10).

Thus, you need to fuel your wallet address with the corresponding gas fee before swapping on iSwap.

You can buy BNB, HT, MATIC, ETH, OKT on centralized exchanges like FTX, Binance, Houbi, Gate.io,... and transfer to your wallet and execute the transactions.

Everything is ready, let’s start!

How to use iSwap on Coin98 Mobile Wallet

Connect a Wallet

To access iSwap, after logging to Coin98 Wallet, choose Browser on the main screen → choose iSwap in the Exchange section or you can enter iSwap into the search bar.

Your HT HRC20 Wallet will be connected automatically to exchange. If you want to change to another wallet, you can click on your HT HRC20 wallet at the bottom right corner of the screen → choose the corresponding chain’s symbol → choose the wallet you want to connect.

If your wallet isn’t connected automatically with iSwap exchange, you can click on Connect Wallet → choose Coin98 Wallet from the list.

Swap

The remarkable thing about cross-chain is that it allows you to swap 2 tokens from the different blockchains. I will use the USDT (BSC) and HT (HECO Chain) pair as an example in this article. If you want to swap other tokens, you just need to choose the corresponding tokens in the list. For the tokens that haven't been listed, you can still trade using their contract addresses.

Step 1: On the main interface, choose the token pair you want to swap.

Step 2: Enter the number of tokens. If the tokens you are going to swap are on a different blockchain, the minimum amount you can swap is 30 USDT.

Step 3: Click on the setting icon to adjust the slippage tolerance and the transaction time according to your preference.

Slippage Tolerance: is the pricing difference between the price at the confirmation time and the actual price of the transaction users are willing to accept when swapping on platforms.

Step 4: Double-check the parameters of your transaction → click Swap now

Cross-chain handling Fee: 0.004% of the transaction amount
Original Chain Price Impact: Estimate the % difference between the market price and swap price on the original blockchain.
Target Chain Price Impact: Estimate the % difference between the market price and swap price on the target blockchain.
Relayer Gas Fee: The withdraw fee on the target chain.

Note: If this is the first time you have swapped these tokens, you need to allow iSwap to access this token by clicking on the Authorize iSwap to use your token and click Send to pay the fee for this step.

Step 5: The system will pop up the transaction again on the screen. If you agree, click Swap now. The system will charge a very small network fee to Swap, if you agree, click Send.

How to use iSwap on Coin98 Extension Wallet

Connect a wallet

Step 1: Access to https://iswap.com

Step 2: On the main page choose Connect Wallet at the top right corner of the screen.

Step 3: Choose Coin98 Wallet from the list → Connect

Note: You need to convert the Web3 Priority of Coin98 Extension Wallet to Binance Smart Chain, HECO Chain, Ethereum, Polygon or OKExChain by clicking on the Web3Priority at the top of the Coin98 Extension Wallet screen → select the chain you want to connect.

Swap

Similar to Mobile Wallet, you can swap 2 tokens that are on the different blockchains by using iSwap.

I will take the pair of USDT (BSC) and HT (HECO Chain) for example. If you want to swap other tokens, you can select the corresponding tokens in the list. For the tokens that haven't been listed, you can still trade using their contract addresses.

Step 1: On the main interface, choose the token pair you want to swap.

Step 2: Enter the number of tokens. If the tokens you are going to swap are on a different blockchain, the minimum amount you can swap is 30 USDT.

Step 3: Click on the setting icon to adjust the slippage tolerance and the transaction time according to your preference.

Step 4: Double-check the parameters of your transaction → click Swap now.

Note: If this is the first time you have swapped these tokens, you need to allow iSwap to access this token by clicking on the Authorize iSwap to use your token and click Confirm to pay the fee for this step.

Step 5: The system will pop up the transaction again on the screen. If you agree, click Swap now. The system will charge a very small network fee to Swap, if you agree, click Confirm.

Why should you experience iSwap Coin98 Wallet?

For both users who are newbies and who know DeFi for a long time, using iSwap on the Coin98 Wallet DApp Browser brings undeniable benefits, such as:

Simple, easy to use

DApp Browser is integrated into Coin98 Mobile Wallet, on both iOS and Android. Just click "Browser" on the main screen, you will quickly access a "Storage" DApp smoothly and without interruption. iSwap has officially integrated Coin98 Wallet, facilitating users to connect wallets more easily and conveniently.

Limit the risk of cheat

Coin98 Wallet is constantly working on finding the highly applicable AMMs which give priority to ensuring the safety of user’s assets when integrating the correct address of the AMM on the app. So that you can avoid the cases like searching and accessing fake AMMs, tricking to get a Private Key / Passphrase, or swapping to win scam tokens.

The Cross-chain Bridge

Considered as one of the improvements of Coin98 Wallet to help users easily interact with iSwap, now you can convert TRC20 and SPL to ERC20 and BEP20 directly on the wallet without performing any redundant operations with 3rd parties.

Experience with multiple DApp Browser

You can try other multi-chain dApps right on Coin98 Wallet's Browser.

Let's wait for other planets with Coin98 Wallet to be integrated into the Coin98 Wallet universe in the near future!

Summary

Through this tutorial, you must have grasped the basic steps to swap on iSwap. These features will help you swap more easily. Not only is the processing speed fast, but also the cost is low, in general, this is an exchange you should experience.