SpookySwap is a decentralized exchange (DEX) based on Fantom Opera. 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).
SpookySwap can be a useful tool to stake and trade funds without needing to trust anybody or ask for permissions.
Step 1: Buy FTM from an exchange (optional)
If you do not have any FTM on your Fantom wallet you need to get some FTM first. One of the easiest ways of buying FTM is by using exchanges like Kucoin, Coinbase or Binance. After you have purchased FTM you will need to send it to your Fantom wallet.
Step 2: Connect your wallet to SpookySwap
Once you have a Fantom wallet with FTM you can go to SpookySwap. You will then need to connect your wallet by clicking the 'Connect Wallet' in the top right corner.
SpookySwap supports Metamask, Coinbase Wallet, TrustWallet, MathWallet, TokenPocket and WalletConnect.
Step 3: Select a token
Once you have connected your Fantom wallet you can click on 'Swap' and you will get redirected to the swap interface of SpookySwap.
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 FTM 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 FTM for another token on Fantom Opera.