How to Trade
Trading on PheasantSwap is a straightforward process that can be completed in just a few simple steps. Unlike many other exchanges, you won't be overwhelmed with complex charts or jargon, and all calculations are automatically handled for you.
Before you start using PheasantSwap, you will need a wallet that is compatible the chain. If you don't have one yet, you can learn how to set one up here. Additionally, you will need some tokens to perform transactions (ENULS network requires NULS tokens for gas fees, and Linea network requires ETH on the Linea network for gas fees). You can learn how to obtain these tokens here.
Trading on the PheasantSwap Exchange
To begin trading on PheasantSwap, visit the exchange page here.
Click on the "Connect Wallet" button in the top right-hand corner of the screen to unlock your wallet.
Once your wallet is connected, select the token you wish to trade from the dropdown menu in the "From" section.
Next, select the token you want to trade for in the "To" section. Type in the amount of the "To" currency you want to receive by clicking inside the input box.
Your "From" currency amount will be automatically calculated. Alternatively, you can manually input your "From" currency amount and have the "To" currency amount automatically calculated.
Review the details of your trade and click the "Swap" button when you are ready.
A window with more details will appear. Double-check that all the details are correct before clicking the "Confirm Swap" button. Your wallet will prompt you to confirm the transaction.
Congratulations! You have successfully completed your trade on PheasantSwap.
What if My Transaction Won't Go Through? If your transaction fails to go through, there could be a few reasons why. Firstly, make sure that you have enough Token to pay for the gas fee of the on-chain transaction. Gas fees can vary depending on the number of transactions in the queue, so if there are more transactions, a higher gas fee may be required to process your transaction.
Another reason for a failed transaction could be due to transaction fees. Some tokens include a transaction fee in their contracts, which can affect the input and output amounts that you agree to when signing the transaction. Before trading any tokens on PheasantSwap, make sure you have visited their website to understand if they have a transaction fee mechanism (or tax as many projects put it). If there is a transaction fee, make sure to set a slippage that is sufficient to accommodate the transaction fee.
In conclusion, trading on PheasantSwap is a user-friendly and intuitive process that can be completed with ease. By following these simple steps, you can start trading your favorite tokens on the PheasantSwap today!
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