QuickSwap is a decentralized exchange (DEX) based on the Polygon Network. Decentralized exchanges allow direct peer-to-peer trading of tokens on a blockchain. There is no central company that oversees the transaction like there is with a centralized exchange (CEX).
QuickSwap can be a useful tool to stake and trade funds without needing to trust anybody or ask for permissions.
Step 1: Buy MATIC from an exchange (optional)
If you do not have any MATIC on your Polygon wallet you need to get some MATIC first. One of the easiest ways of buying MATIC is by using exchanges like Kucoin, Coinbase or Binance. After you have purchased MATIC you will need to send it to your Polygon wallet.
Step 2: Connect your wallet to QuickSwap
Once you have a Polygon wallet with MATIC you can go to QuickSwap. You will then need to connect your wallet by clicking the 'Connect Wallet' in the top right corner.
QuickSwap supports Metamask, BitKeep, Venly, Portis, Coinbase Wallet and WalletConnect.
Step 3: Select a token
Once you have connected your Polygon wallet you can select a token and choose a cryptocurrency that is already listed. You can also import a contract address but please make sure to check that it is the right one. Always copy a contract address from official sources.
Step 4: Make your trade
Enter the amount of MATIC you want to trade for another token and also make sure you have enough funds to cover the gas fees. Then click on 'Swap'.
The confirmation of your transaction will take some time. Once the transaction is done you have successfully swapped MATIC for another token on the Polygon Network.